Technology

Nexteer Launches Brake-by-Wire System

Published

1 year ago

April 16, 2025

Leverages Technology Building Blocks, Expands Motion-by-Wire Chassis Control

AUBURN HILLS, Mich., April 16, 2025 /PRNewswire/ — Nexteer Automotive launches its Electro-Mechanical Brake (EMB) system, an advanced Brake-by-Wire (BbW) solution that enhances safety, comfort, serviceability and supports software-defined chassis integration. The company leveraged its technology building blocks to create a modular, high-precision braking system and strategically expand into “Motion-by-Wire” chassis control.

Nexteer’s EMB represents the next generation of Brake-by-Wire, replacing hydraulic fluid and mechanical linkages with electronic control. While others enter the BbW space with Electro-Hydraulic Braking (which replaces some hydraulic components but still relies on fluid), Nexteer enters this space with EMB, delivering digital, high-precision braking powered by actuators at each wheel.

EMB & INTEGRATED “MOTION-BY-WIRE” CHASSIS CONTROL

Building on its award-winning Steer-by-Wire, advanced software and integration expertise, Nexteer developed EMB as a first step in a broader, chassis motion control strategy. Many of Nexteer’s skills, toolsets, software controls and hardware componentry are shared between its advanced steering and braking development.

Consequently, Nexteer delivers a highly integrated, cost-effective, compact and scalable EMB solution that solves many customers’ challenges in chassis motion control.

NEXTEER TECHNOLOGY: TRANSFER FROM STEERING TO BRAKING

Award-Winning By-Wire Technologies and Synergies: Much of Nexteer’s technology portfolio (SbW, Steer-by-Brake Software, Rear Wheel Steering, etc.) offers in-house building blocks and deep synergies with EMB, plus further enhances benefits when fully integrated via Motion-by-Wire chassis systemsFull-Stack Chassis Control Software: Efficient software development and system integration enables coordinated control of subsystems and actuators, while ensuring regulatory, safety and cybersecurity compliance, as well as SDV architecture supportFast, Flexible, Open Interfaces: Supports unique EV and ADAS L3+ requirementsBraking & Integrated Chassis Development: Over the past decade, Nexteer’s R&D has developed related technologies and filed patent applications independently and in collaboration with peers in the brake technology sector

NEXTEER SKILLSET: TRANSFER FROM STEERING TO BRAKING

Proven history in safety-critical, quality manufacturing and vehicle-level thinkingMature global value chain with localized flexibility, cost controls, speed and resilienceShared design architecture between advanced steering and EMB (motors, actuators, controllers, etc.)Global manufacturing footprint with local, customer-focused, responsive teamsUnburdened by legacy braking system investments, Nexteer embraced advanced technology from day one—delivering a value-driven solution without the constraints of outdated infrastructure

“Nexteer’s Electro-Mechanical Brake system is a natural evolution in our ‘Motion-by-Wire’ chassis portfolio. By leveraging our existing building blocks in Steer-by-Wire, Steer-by-Brake, Software and R&D, we were uniquely positioned to innovate modular approaches to high-precision braking and integrated, smart chassis control that solves many customers’ system challenges and pushes Nexteer toward our vision of making future mobility safer, greener and even more exciting,” said Robin Milavec, President, Chief Technology Officer, Chief Strategy Officer and Executive Board Director, Nexteer Automotive.

The company will premiere its EMB offering in their exhibit (1.2H 1BF007) at the 2025 Auto Shanghai April 23 – May 2.

ABOUT EMB

Improves Safety and Comfort: EMB provides fast, precise and independent control of each wheel, improving stability and reducing response time and distance. The system also enhances NVH (especially important in quiet EVs) and can tailor brake pedal feel via software.Optimizes Energy Efficiency: By eliminating hydraulic fluids and reducing mechanical losses, EMB contributes to vehicle lightweighting, improving EV range/fuel efficiency.Future-Proofs Architecture: Without traditional brake lines, EMB enables greater design flexibility, supports software-defined vehicles (SDVs) architectures, driver assist and automated features.Reduces Maintenance and Environmental Impact: Eliminating hydraulic components minimizes wear, reduces brake dust, CO2 emissions, maintenance and brake fluid disposal concerns.

ABOUT NEXTEER AUTOMOTIVE

Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports “motion-by-wire” chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for more than 60 customers around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others. www.nexteer.com

Link to Nexteer Media Center & Link to EMB Press Kit

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SOURCE Nexteer Automotive

Technology

Hexagon Composites ASA: Eirik Løhre appointed permanent CFO

Published

6 minutes ago

May 5, 2026

OSLO, Norway, May 5, 2026 /PRNewswire/ — Reference is made to the stock exchange announcement dated 11 November 2025, where Eirik Løhre was appointed interim CFO in Hexagon Composites.

The Company is pleased to inform that Eirik Løhre has been appointed permanently to the role of CFO in Hexagon Composites, effective today.

Eirik Løhre has been with the Company since 2021 and prior to his role as interim CFO, he served as EVP Corporate Development on the Executive Team.

“Eirik has demonstrated strong financial leadership and execution, and he has been instrumental in strengthening our financial performance. I look forward to continuing our work together to develop and position Hexagon in this next phase of growth,” said Philipp Schramm, CEO, Hexagon Composites.

For more information:
Berit-Cathrin Høyvik, Senior Director, Communications, Hexagon Composites
Tel: +47 988 92 161, berit-cathrin.hoyvik@hexagongroup.com

About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at www.hexagongroup.com and follow @HexagonASA on LinkedIn.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon-composites-asa/r/hexagon-composites-asa–eirik-lohre-appointed-permanent-cfo,c4344308

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Technology

LONGPORT Whale Enters Malaysian Market with Next Generation Trading Infrastructure for Local Brokerages

Published

6 minutes ago

May 5, 2026

LONGPORT Whale, with proven track record across 100+ institutional clients in Asia, makes its Malaysia debut at Bursa Malaysia Stockbroking Trade Fair 2026

KUALA LUMPUR, Malaysia, May 5, 2026 /PRNewswire/ — LONGPORT Whale, a provider of AI-Ready securities trading infrastructure, is making its entry into the Malaysian market at the Bursa Malaysia Stockbroking Trade Fair 2026. The move comes as Malaysia’s Capital Market Masterplan 2026–2030 (CMP4) continues to hone in on local brokerages to modernise core systems, balancing investor experience, regulatory compliance, and operational resilience simultaneously.

Malaysian brokerages are increasingly confronted by a challenge that goes beyond front-end upgrades. Legacy architectures struggle to keep pace with digital-native investor expectations, rising cybersecurity standards, and the demand for multi-market expansion simultaneously. For many such brokerages, the question is no longer whether to modernize, but how to do so without adding complexity or disrupting the business continuity that clients depend on.

Zhong Hua, CEO, LONGPORT Whale, said, “Core trading infrastructure must support continuous evolution — in investor experience, compliance, and AI readiness — without adding unnecessary complexity. The brokerages that lead the next decade won’t be the ones with the best system today; they’ll be the ones whose systems are designed to keep getting better. LONGPORT Whale aims to bring its Asia-proven experience to help Malaysian brokers strike that balance.”

Built on a cloud-native microservices architecture and trusted by more than 100 institutional clients in Asia, Whale’s platform is engineered by industry professionals and refined through years of first-hand operational experience. For the Malaysian market, it addresses four priorities: a best-in-class trading experience validated across competitive, highly regulated markets in Asia; system resilience and performance built for institutional scale, with high system performance and output, real time risk management, and low system latency; global market connectivity spanning Malaysia, Singapore, Hong Kong SAR, US, and Japan without requiring system rebuilds; and an API-first, data-unified architecture that gives brokerages a practical foundation for AI adoption.

Hong Kong SAR and Singapore, where Whale serves online brokers, traditional banking firms, banks and wealth management institutes in a stringent regulatory environment, serve as the primary reference market for its Malaysia expansion. The company said it aims to work with local industry participants as both an infrastructure partner and a contributor to broader conversation on responsible modernization under CMP4.

About LONGPORT Whale

LONGPORT Whale provides integrated securities trading infrastructure to brokers, banks, fund houses, wealth managers, and family offices across Asia. Its cloud-native platform supports multi-market, multi-asset trading across front-, middle-, and back-office workflows, with a deployment model designed for regulatory alignment and long-term scalability. Website: www.longportwhale.com

Media Contact
LONGPORT Whale PR Team
Email: media@longportwhale.com

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SOURCE LONGPORT Whale

Technology

Thunes and Vodacom Tanzania Unite to Power Cross-Border M-Pesa Payments Across China and Uganda

Published

6 minutes ago

May 5, 2026

Collaboration revolutionises trade & financial convenience for Tanzanian merchants and consumers

SINGAPORE, May 5, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, has joined forces with Vodacom Tanzania, the country’s leading telco company, to transform cross-border trade and digital financial inclusion with Vodacom’s new M-Pesa Global Payment solution. Thanks to the collaboration, Vodacom customers in Tanzania can now seamlessly pay merchants in Uganda and China directly from their mobile phones.

This milestone solution responds to growing demand from Tanzanian traders who engage in commerce with Ugandan and Chinese markets but often face challenges with costly, slow, and insecure payment methods. With this innovation, leveraging the Thunes Direct Global Network, Vodacom aims to bridge those gaps, offering secure, real-time digital payments across borders and reinforcing its leadership in mobile money innovation in Africa.

The solution supports trade with two key markets for Tanzania. For eight consecutive years, China has been Tanzania’s largest trading partner, with bilateral trade hitting $8.8 billion in 2024. In the same year, bilateral trade between Tanzania and Uganda reached approximately $2.23 billion, an increase of 64% on the previous year.

Epimack Mbeteni, M-Pesa Director at Vodacom Tanzania said: “This is more than just a payment feature, it is a catalyst for economic empowerment and a gateway for small and medium businesses and entrepreneurs in Tanzania to compete and thrive in regional and global markets. Through Thunes’ expansive and trusted Network we are enabling seamless, secure, and affordable cross-border payments that empower people, fuel trade and place M-Pesa at the center of Africa’s digital commerce future.”

Through Thunes’ Direct Global Network, customers can now send payments to merchants in Uganda using MTN MoMo and to Chinese merchants through the Alipay network, all through the M-Pesa USSD menu or the M-Pesa Super App. The process is secure, user-friendly, and eliminates the burden of traditional banking barriers for everyday traders and businesses.

Dawei Wang, SVP Network at Thunes, added: “Vodacom Tanzania joining the Thunes Direct Global Network to digitise cross-border payments is a game changer for local businesses. By combining Vodacom’s technology with Thunes’ trusted and proprietary Network, Tanzanian customers can pay partners in China and Uganda in real time. This innovation accelerates interoperability along with international trade and business growth and supports our vision of connecting the next billion end users to the global economy.”

This initiative stands as a strategic enabler for consumers and micro, small, and medium enterprises (MSMEs) who need reliable and quick financial tools such as mobile money. A 2025 GeoPoll survey on Tanzania Financial Services and Usage found that 94% of the survey’s respondents use mobile money.

The Thunes and Vodacom Tanzania alliance is set to transform the lives of millions of consumers by dismantling cross-border barriers. By hyper-connecting Tanzania to global powerhouses like China and streamlining intra-African trade, the collaboration is helping to build an inclusive economy and grow Tanzania’s role as a force in the global market.

About Vodacom Tanzania

For more information, visit: https://www.vodacom.co.tz/

About Thunes

For more information, visit: https://www.thunes.com/

Logo – https://mma.prnewswire.com/media/2831061/Thunes_Logo.jpg

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