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Vice Chairman Chung Kisun of HD Hyundai: Driving Shipbuilding’s Future with AI and Digital Tech

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Strengthening cooperation with global tech companies, including Palantir Technologies Inc. and SiemensBuilding the Future of Shipyard (FOS) by 2030 which aims to minimize human intervention

SEOUL, South Korea, Feb. 27, 2025 /PRNewswire/ — “We are drawing on the latest innovation in AI (artificial intelligence), digital twin, and so much more to transform our shipyards.”

HD Hyundai Executive Vice Chairman Chung Kisun emphasized his commitment to building an integrated, optimized, and automated future shipyard that minimizes human intervention, highlighting the company’s intention to actively leverage technologies from global tech companies. To achieve this, HD Hyundai is strengthening its cooperation with global leaders, including Palantir, a software company that enables AI-driven decision making, and Siemens, a global industrial solutions provider.

Recently, Palantir released a promotional video on its official YouTube channel on the 26th showcasing its partnership with HD Hyundai to help digitally transform their shipyards. This video is a full version of what was shown at Palantir’s booth during the World Economic Forum Annual Meeting 2025 (Davos Forum) in Davos, Switzerland this January.

In the video, Executive Vice Chairman Chung Kisun stated “For many decades now, HD Hyundai has been leading the world’s shipbuilding industry with the most innovative technologies. Together with Palantir, (we are) drawing on the latest innovation in AI, digital twins, and so much more to transform our shipyards, unlocking a whole new level of productivity and safety.”

Emile Victor, Forward Deployed Engineer of Palantir said “I believe their commitment to leveraging software for operational innovation positions them as a leader in digital transformation within the shipbuilding industry.”

The video introduces the blueprint of HD Hyundai’s Future of Shipyard (FOS) project, specifically demonstrating how they are applying Palantir’s big data software platform, Foundry. FOS is an advanced shipyard project that HD Hyundai has been pursuing since 2021, integrating digital technologies such as data analytics, virtual and augmented reality, robotics, automation, and AI.

This three-phase project aims for completion by 2030. Following the first phase, the “Visible Shipyard”, the project is currently in its second phase, “Connected and Predictively Optimized Shipyard.” The final phase, “Intelligent Autonomous Operating Shipyard”, ultimately aims to minimize human intervention. Upon project completion, productivity is expected to increase by 30%, while shipbuilding time will be reduced by the same rate.

With AI gaining more importance, HD Hyundai is actively strengthening collaborations with global technology leaders while accelerating digital transformation across its business areas by adopting cutting-edge technologies.

Last March, NVIDIA CEO Jensen Huang captured global attention by showcasing HD Hyundai’s Digital Shipyard and LNG Carrier in real-time using advanced graphics technology at NVIDIA GTC 2024. HD Hyundai partnered with Siemens to create a digital twin of large-scale shipyard images using NVIDIA’s graphics technology. This project was highlighted as one of NVIDIA’s key collaboration cases.

Executive Vice Chairman Chung Kisun has consistently emphasized the importance of digital transformation and has been actively investing in future technologies. He has repeatedly stressed his commitment to “leading marine mobility technology through electrification, autonomous operation, and eco-friendly technologies while building a sustainable energy ecosystem by securing renewable resource utilization and high-efficiency green technologies.”

Meanwhile, HD Hyundai established its Global R&D Center in 2022, centralizing its subsidiaries’ research and development capabilities around the Advanced Research Center to secure leading technologies. Following the establishment of the India Technology Center in Pune in 2019, the company opened its European R&D Center in Germany in 2022. Through collaboration with global research institutions, HD Hyundai continues to accelerate the development of next-generation technologies.

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SOURCE HD Hyundai

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2026 Canton Fair Design Award Winners Showcase China’s Innovation Strength

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GUANGZHOU, China, Oct. 19, 2026 /PRNewswire/ — As the 140th Canton Fair opens, the winners of the 2026 Canton Fair Design Award (CF Award) have also been announced. Winning products are now on display in Area D of the Canton Fair Complex, offering visitors a closer look at some of the latest advances in Chinese manufacturing and industrial design.

Among this year’s top honorees, a domestically developed high-performance sport motorcycle and an intelligent navigation capsule robot gastric endoscopy system received the Best of the Best Award, the competition’s highest recognition.

The Canton Fair also enhanced the visitor experience with a themed showcase area within the award exhibition. Built around four application-oriented concepts, namely Outdoor Pleasure, Smart Living, Cozy Home and Kitchen Elegance, the immersive displays demonstrate how innovative designs can be integrated into everyday life, helping visitors better understand the practical value behind these award-winning products.

This year, 4,218 products from 2,112 companies competed for the award. Following multiple rounds of evaluation, 222 products from 174 companies were selected.

The award-winning products reflect several key trends shaping the next stage of Chinese manufacturing. Innovation remains a defining theme, with breakthrough technologies ranging from upper limb motor function assistance and enhancement system to exoskeleton robots, underscoring the growing momentum of high-end manufacturing.

Meanwhile, intelligent technologies continue to gain traction across industries. Smart products account for more than 30% of this year’s winners, with AI-powered glasses, intelligent conference terminals and smart healthcare devices extending AI applications across home, office, medical and outdoor environments.

Sustainability is also becoming increasingly embedded throughout the product lifecycle. Green products represent over 40% of the winning entries, while innovations such as integrated energy-saving panels and sugarcane paper demonstrate how environmentally conscious practices are being incorporated into product design, materials selection and manufacturing processes.

Established in 2013, the Canton Fair Design Award is widely regarded as a benchmark for design innovation in China’s foreign trade sector. The award recognizes products that combine design excellence with commercial value, promoting the transformation and upgrading of Chinese manufacturing and supporting high-quality trade development. Entries are evaluated across five dimensions: innovation, quality, functionality, aesthetics and sustainability.

For more convenient attendance, please click here for pre-registration:
https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

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SOURCE Canton Fair

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InstaMall Launches Same-Day Fashion Delivery Experience, Bringing 80+ Brands to Shoppers’ Doors in Miami

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First-of-its-kind shopping app pairs artificial intelligence with same-day delivery, bringing luxury
and contemporary brands directly to customers’ doorsteps 

Featured luxury and contemporary brands include AllSaints, John Varvatos and Aritzia

MIAMI, Oct. 19, 2026 /PRNewswire/ — InstaMall, a first-of-its-kind shopping app offering same-day delivery and access to real-time inventory across luxury and contemporary fashion, launches today in Miami, Florida. Now available via iOS and Android, InstaMall provides access to more than 80 contemporary and luxury fashion brands across Miami’s five premier retail clusters, including Balmain, Louis Vuitton, Bottega Veneta, Ganni, Coach, Diesel, Reformation, Aritzia, Cult Gaia, Prada and more. InstaMall will add more brands within the app in the coming weeks and seasons. 

Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together through a more dynamic way to discover and shop for fashion. The experience combines access to luxury and contemporary brands with the convenience of same-day delivery, bringing the speed customers have come to expect across categories like food and groceries to fashion while maintaining the brand experience retailers and shoppers expect.

Within the app, customers will have access to InstaMall’s AI-powered stylist and virtual try-on features, making it easier to browse, discover and shop styles online. InstaMall’s AI Stylist serves as an intelligent shopping assistant that responds to customers’ preferences in real time. Customers can use the AI Stylist to receive product recommendations, build outfits, ask questions and discover new styles, while its virtual try-on feature allows them to visualize select items on themselves before making a purchase.

“InstaMall was founded on the belief that the convenience customers have come to expect from same-day delivery should extend to the way they shop for fashion,” said Elliot Aboud, Founder and CEO of InstaMall. “As fashion and technology continue to evolve together, we saw an opportunity to create a more seamless shopping experience that brings customers closer to the brands they love, combining a curated assortment, AI-powered styling and virtual try-on with the ease and convenience of same-day delivery.”

Prior to founding InstaMall, Elliot Aboud helped build the Aroma360 and Hotel Collection brands, overseeing the launch of the first retail store and expanding the retail footprint to more than 30 stores across the United States and two in Dubai. InstaMall is bringing fashion and luxury to the next generation with its seamless shopping experience and wide selection of brands.

Customers can download InstaMall through the Apple App Store or Google Play, or by going to instamall.co.

About InstaMall 

InstaMall is a same-day fashion shopping and discovery app reimagining how consumers shop for luxury and contemporary brands. Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together in an experience that gives consumers a more dynamic way to discover and shop. Where on-demand delivery has long existed for categories like food and groceries, InstaMall brings that same convenience to luxury fashion for the first time, delivering the same day without compromising the brand experience fashion retailers and their customers expect. The company launched publicly in Miami on October 16, 2026, and plans to expand nationally. For more information, please visit instamall.co.

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SOURCE InstaMall

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PTC to Announce Fourth Fiscal Quarter and Full Year 2026 Results on Wednesday, November 4, 2026

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BOSTON, Oct. 19, 2026 /PRNewswire/ — PTC (NASDAQ: PTC) will release its fiscal 2026 fourth quarter and full year results on Wednesday, November 4th after the stock market closes. As previously announced on October 5th, 2026, PTC entered into a definitive agreement to be acquired by Schneider Electric. In light of the pending transaction, PTC is suspending quarterly earnings conference calls and is no longer providing quarterly or annual guidance.

The earnings press release and accompanying financial data tables will be accessible on the Investor Relations section of the company’s website at PTC Investor Relations.

About

PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.

Investors

Michael Maguire
mmaguire@ptc.com
investor@ptc.com

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SOURCE PTC Inc.

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