Connect with us

Technology

GE Aerospace and Kratos Partner on Small Affordable Engines

Published

2 years ago

on

Agreement covers development and production of small affordable engines for possible use in unmanned aerial systems, collaborative combat aircraft, and similar applications

FARNBOROUGH, England, July 22, 2024 /PRNewswire/ — GE Aerospace (NYSE:GE) and Kratos Turbine Technologies, a division of Kratos Defense & Security Solutions, Inc., signed a Memorandum of Understanding to partner on the development and production of small affordable engines that could potentially power unmanned aerial systems (UAS), collaborative combat aircraft, and similar applications. The partnership builds on an existing joint development agreement and includes full-scale engine production.

For the last year, GE Aerospace and Kratos have been working together on a small affordable engine. The engine initially was developed and ground tested by Kratos. Under the existing joint agreement, GE Aerospace and Kratos completed additional development efforts and are now conducting tests on the engine. The team plans to continue development on the current engine, which will undergo altitude testing next year at GE Aerospace’s test cell in Evendale, Ohio.

Amy Gowder, President and CEO, Defense & Systems at GE Aerospace said, “Our defense customers have a growing interest in small affordable engines to meet their evolving mission requirements. Our initial collaboration has been very successful, and this agreement furthers our efforts in this new dynamic military segment.”

Eric DeMarco, President & CEO of Kratos Defense & Security Solutions, Inc., said, “Kratos has made significant investments in the development of our family of small, low-cost jet engines for jet powered drones, missiles, and powered munitions that lead in technology and capability. We consider our relationship with GE Aerospace as invaluable based on our expectation and forecast for the potential future production of thousands of turbofan engines for multiple customers.”

Each company brings unique expertise to the partnership. Kratos has more than 20 years of experience in the development and production of small affordable jet engines for UAS, drones, and missiles. GE Aerospace has more than 100 years of experience in the development and scaling up of high-volume production for jet engine programs for a seamless transition from development to production.

About GE Aerospace  
GE Aerospace (NYSE: GE) is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. With a global team of 52,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow and the future at www.geaerospace.com.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology, products, system and software company addressing the defense, national security, and commercial markets. Kratos makes true internally funded research, development, capital, and other investments, to rapidly develop, produce and field solutions that address our customers’ mission critical needs and requirements. At Kratos, affordability is a technology, and we seek to utilize proven, leading-edge approaches and technology, not unproven bleeding edge approaches or technology, with Kratos’ approach designed to reduce cost, schedule, and risk, enabling us to be first to market with cost effective solutions. We believe that Kratos is known as an innovative disruptive change agent in the industry, a company that is an expert in designing products and systems up front for successful rapid, large quantity, low-cost future manufacturing which is a value-add competitive differentiator for our large traditional prime system integrator partners and also to our government and commercial customers. Kratos intends to pursue program and contract opportunities as the prime or lead contractor when we believe that our probability of win (PWin) is high and any investment required by Kratos is within our capital resource comfort level. We intend to partner and team with a large, traditional system integrator when our assessment of PWin is greater or required investment is beyond Kratos’ comfort level. Kratos’ primary business areas include virtualized ground systems for satellites and space vehicles including software for command & control (C2) and telemetry, tracking and control (TT&C), jet powered unmanned aerial drone systems, hypersonic vehicles and rocket systems, propulsion systems for drones, missiles, loitering munitions, supersonic systems, space craft and launch systems, C5ISR and microwave electronic products for missile, radar, missile defense, space, satellite, counter UAS, directed energy, communication and other systems, and virtual & augmented reality training systems for the warfighter. For more information, visit www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of GE Aerospace and Kratos, respectively, and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and GE Aerospace and Kratos undertake no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although GE Aerospace and Kratos believe that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the parties in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 31, 2023, the “Risk Factors” section of the Quarterly Report on Form 10-Q of GE Aerospace for the quarter ended March 31, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by GE Aerospace and Kratos, respectively.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ge-aerospace-and-kratos-partner-on-small-affordable-engines-302202236.html

SOURCE GE Aerospace

Related Topics:
Continue Reading

Technology

Tencent Cloud and Teleport Collaborate to Advance AI-Powered Cross-Border Logistics from China

Published

39 minutes ago

on

November 13, 2026

By

SHENZHEN, China, Nov. 13, 2026 /PRNewswire/ — At the 2026 Tencent Global Digital Ecosystem Summit, Tencent Cloud, the cloud business of global technology company Tencent, signed a Memorandum of Understanding (MOU) with Teleport, Capital A’s logistics venture and leading Southeast Asian eCommerce logistics specialist. Under the MOU, Tencent Cloud will provide the cloud infrastructure for Teleport’s operations in China, while Teleport will leverage Tencent Cloud’s artificial intelligence (AI) to build smarter, more automated logistics operations for cross-border movement from China.

The Teleport Network: Built for Cross-Border eCommerce

Teleport moves eCommerce and cargo on Southeast Asia’s largest air network, moving up to 1.25 million parcels a day across the Teleport Network, connecting China, Southeast Asia, Oceania and the Middle East by leveraging the freighter and belly capacity of over 55 airline partners. Operating at this scale demands seamless orchestration, which begins with ensuring every single parcel moves with verified, accurate data. The partnership with Tencent Cloud anchors shipment data on a reliable digital foundation from the first mile and ensures every subsequent process from customs clearance to mid-mile multi-airline transfers runs on timely, accurate information.

Supporting the Next Phase of Growth for Cross-Border Logistics

As global cross-border e-commerce accelerates, managing operational complexity requires moving beyond passively monitoring shipments. Backed by deep ecosystem experience in China and across global markets, the partnership with Tencent Cloud will make it easier for Chinese marketplaces, shippers and regional partners to integrate and collaborate seamlessly. This establishes a unified, single source of truth across the supply chain, giving Teleport, its airline partners and its eCommerce customers identical real-time tracking from origin to destination.

Accelerating AI Adoption Across Logistics Operations

Building on this Cloud data foundation, Teleport is exploring a suite of Tencent Cloud AI solutions to advance operational efficiency.

Tencent Cloud Agent Development Platform (ADP): Enables Teleport to build and deploy purpose-built AI agents across core operational workflows, including automated route optimisation, customs document processing, dynamic capacity planning, and real-time disruption recovery.TokenHub: Provides flexible access to different AI models, helping Teleport balance capability, responsiveness and cost efficiency across AI applications.WorkBuddy: Enhances internal operations and knowledge access through multi-agent workflows, enabling teams to collaborate more efficiently.eKYC & identity verification: Strengthens verification and onboarding workflows for cross-border merchants, air cargo partners, and ground handling agents, reinforcing compliance and security across the network.

Poshu Yeung, Senior Vice President of Tencent Cloud and Head of Tencent Cloud International, said: “As cross-border commerce continues to create new opportunities across Asia and beyond, logistics providers are increasingly looking for technologies that can help improve efficiency, strengthen resilience and support growth across multiple markets. Through our collaboration with Teleport, we are combining Tencent Cloud’s infrastructure and AI capabilities with Teleport’s logistics expertise to help move the Teleport Network beyond visibility towards intelligent decision-making and execution, enabling greater operational agility across its cross-border logistics network.”

Milan Dhingra, Chief Product Technology Officer of Teleport, said: “Teleport will always be a physical air logistics business, but we run digital first. Therefore it is key that we work with the right partners in the right market where mission critical cargo data need to flow, where their expertise is unmatched. China has its own digital ecosystem and we wanted a partner that understands Teleport’s vision for seamless orchestration and intelligence while being purpose-built for local requirements. Tencent Cloud is that partner for us in China.”

Making the Teleport Network Smarter

This strategic collaboration reflects a shared commitment to advance the development of cross-border logistics through cloud and AI technologies. By pairing Teleport’s logistics expertise with Tencent Cloud’s infrastructure and AI capabilities, both companies aim to turn operational data into real-time, actionable intelligence across the Teleport Network enabling reliable, scalable eCommerce movement across the region.

About Tencent Cloud

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation. 

About Teleport

Teleport is an integrated eCommerce logistics specialist operating the largest, yet asset-light, air network in Southeast Asia. We are on a mission to move things across the region faster, cheaper and better than anyone else – by giving access to affordable and reliable cross-border delivery for all big and small businesses, as fast as next-day. Teleport is a logistics venture of Capital A, with a presence across Malaysia, Singapore, Thailand, Indonesia, Philippines, Chinese Mainland, Chinese Hong Kong and India.

For more information, please visit teleport.it or our social media on LinkedIn, and Instagram.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/tencent-cloud-and-teleport-collaborate-to-advance-ai-powered-cross-border-logistics-from-china-302938831.html

SOURCE Tencent Cloud

Continue Reading

Technology

DATA.BET Now Powers Sportradar’s Unified Odds Feed

Published

39 minutes ago

on

November 13, 2026

By

Delivering a full esports betting toolset, from Tier-1 majors to Tier-4 tournaments across key disciplines

LIMASSOL, Cyprus, Nov. 13, 2026 /PRNewswire/ — DATA.BET, a trusted sportsbook solution supplier, has signed a deal with Sportradar, a leading global sports technology company, to become one of the partnered providers for its expanded offering.

Through the integration, Sportradar receives DATA.BET’s esports data content and performance-boosting toolset cover 1,800+ tournaments and 94,000+ matches annually across 60+ markets. Widgets and Streaming are set to follow, giving operators a fuller esports experience around headline events and niche competitions.

As a part of the deal, DATA.BET covers Counter-Strike 2, Dota 2, League of Legends, from Tier-1 to Tier-4 tournaments, with Valorant and other titles set to follow shortly. For DATA.BET, the deal marks a significant step in its global expansion and reinforces its position as a trusted esports Odds Feed supplier to the largest names in the industry.

“Becoming a supplier for Sportradar’s esports offering reflects the trust that the industry’s biggest players place in our content and products,” said Otto Bonning, Head of Sales at DATA.BET. “We’re confident in our coverage depth, speed, and trading expertise. This deal also opens a new route for our content, from Tier-1 majors to lower-tier tournaments running around the clock, to reach users around the world.”

Roman Garin, SVP, Innovation at Sportradar, said: “Esports’ fully digital nature creates an expectation for fast, deep live betting experiences. The providers that have built the market across Counter-Strike 2, Dota 2 and League of Legends each bring their own strengths and trading style, and the best fit can differ from title to title. By bringing them together through our Unified Odds Feed, we’re giving operators greater choice and flexibility through a single integration, and we’ll continue adding providers and titles as the market evolves.” 

About DATA.BET

DATA.BET is a sportsbook technology supplier established in 2017, delivering solution across sports, esports, virtual competitions, and prediction markets. Its portfolio includes Odds Feed, Risk Management, Single Page Application (iFrame), Bet Builder, Widgets, Streaming, and a range of player-engaging features. The company combines AI-powered capabilities with 24/7 in-house trading expertise, 99.99% system uptime, 97% markets uptime, and licensed content. DATA.BET provides coverage of 100+ disciplines, 150k+ monthly events, and 3,000+ markets, supporting betting operators, online casinos, and platform providers with scalable offerings and reliable sportsbook infrastructure.

About Sportradar

Sportradar Group AG (NASDAQ: SRAD), founded in 2001, is a leading global sports technology company creating immersive experiences for sports fans and bettors. Positioned at the intersection of the sports media and betting/gaming industries, Sportradar provides betting and iGaming operators, media and technology companies, prediction market partners, and sports federations with a best-in-class range of solutions to help grow their businesses. Trusted by the world’s leading global sports organizations, including the ATP, NBA, WNBA, NHL, MLB, MLS, PGA TOUR, UEFA, FIFA, CONMEBOL, AFC, and the Bundesliga, and global clients including Flutter, DraftKings, Google, Microsoft, Kalshi, and Polymarket, Sportradar covers more than a million events annually across all major sports. Sportradar is not just redefining the sports fan experience; it also safeguards sports through its Integrity Services division and advocacy for an integrity-driven environment for all involved.

View original content to download multimedia:https://www.prnewswire.com/news-releases/databet-now-powers-sportradars-unified-odds-feed-302938369.html

SOURCE DATA.BET

Continue Reading

Technology

Biel Crystal Named to 2025 Forbes China Novel Intelligent Economy Selection

Published

39 minutes ago

on

November 13, 2026

By

HONG KONG, Nov. 13, 2026 /PRNewswire/ — Forbes, the global business magazine, has named Biel Crystal to its “2025 Forbes China Novel Intelligent Economy Selection,” citing the company’s deep implementation and innovation breakthroughs in smart manufacturing and industrial large models.

Biel Crystal, a leading global provider of exterior structural components and module solutions for smart devices, operates nine smart manufacturing bases worldwide. It has more than 100,000 employees and annual capacity of more than 2.5 billion units. The company has fully deployed industrial AI large models using an architecture purpose-built for industrial scenarios, embedding industrial characteristics at the foundation and spanning R&D and design, manufacturing, finished-product inspection, operations management and maintenance services.

The most representative applications are in three industrial scenarios: production, R&D and quality inspection. In production, Biel Crystal has more tightly integrated machine learning with industrial simulation to enable automatic, dynamic optimization of coating machine parameters and automatic tool compensation for CNC machine tools, improving overall efficiency by at least 10%. In R&D, coordinated use of structural, fluid/thermal, motion and electromagnetic simulations allows product designs to identify and resolve more than 80% of potential problems during the R&D stage, cutting R&D cycles by 30% to 50% and reducing physical prototypes by more than 60%. In quality inspection, its self-developed automated optical inspection (AOI) technology combines multimodal inspection, few-shot learning and millisecond-level real-time feedback, lowering the missed-detection rate to 0.05% and reducing manual re-inspection workload by 50%.

Notably, Biel Crystal did not rely on general-purpose large models. Instead, it adopted an architecture purpose-built for industrial scenarios, embedding industry’s stringent requirements for real-time performance, determinism and reliability into model design from the ground up. The company says this ensures the models are “usable, stable and precise” on production lines and drives manufacturing from “single-point automation” toward “plant-wide intelligence.”

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/biel-crystal-named-to-2025-forbes-china-novel-intelligent-economy-selection-302938838.html

SOURCE Biel Crystal

Continue Reading

Trending