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SKF to showcase innovative solutions at the Tech and Innovation summit

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GOTHENBURG, Sweden, Dec. 4, 2024 /PRNewswire/ — SKF to unveil a broad range of products and solutions to continue serving customers with more efficient, reliable, and sustainable technologies. You are welcome to join the webcast on December 11 – 12. The Tech and Innovation summit, a one-hour virtual event, themed “Turning motion into meaning”, puts the spotlight on innovations essential for addressing urgent global issues like climate change and resource scarcity.

Innovation and technology development is core at SKF. The Group’s strategy is designed to create significant customer value in targeted markets through sustained innovation leadership and increased efficiency. With a focus on empowering customers to transform their operations and drive greater sustainability, SKF has during the last years transformed its R&D portfolio so that more than 90% of the projects are focused on high-growth segments.

“Today, customers across industries are looking for solutions that promote greater decarbonization and sustainability. We will showcase technologies that pave the way for customers to meet their evolving needs and accelerate sustainable growth. By doing so, we are advancing our strategy through enhanced innovation in high-growth segments,” says Rickard Gustafson, President and CEO.

The Tech and Innovation summit focuses on tailored solutions aimed at enhancing energy efficiency and reducing emissions for customers in industries like railways, machine tools, metals, mining, industrial electrical systems, and HVAC (Heating, Ventilation, and Air Conditioning).

“Exploring and maximizing the immense possibilities of technology to develop intelligent and clean solutions is what we do at SKF. We accelerate our efforts to develop and bring to market innovative solutions that enhance productivity, efficiency, reliability, and cost-effectiveness, and deliver sustainable value for industries and societies,” says Annika Ölme, CTO and Senior Vice President, Technology Development.

Read more on the Tech and Innovation Summit

The live webcast of the event will be available via this link – Join event

Dec 11: 10 am CET (EMEA), 10 am IST (India and Southeast Asia), 9 am PT / 12 pm ET (Americas)Dec 12: 12 pm CST (China and Northeast Asia)

A replay of the summit will be available after the event’s conclusion on the website for on demand watch.

For further information, or to book interviews please contact:  Aparna Srivastava, Head of Communication, Technology Development, +46 707 576 468; aparna.srivastava@skf.com

Products and solutions showcased at the Tech & Innovation summit

SKF Infinium – the next generation of bearings

SKF is transforming the manufacturing and use of bearings with a revolutionary model that maximizes material use through a circular approach. This model enables SKF Infinium – the next generation of bearings, where products have multiple lifecycles with significantly less energy consumption and raw materials compared to new manufacturing, reducing CO2 emissions through a circularity-focused design. Not only is this approach feasible, but it is also profitable for customers, as evidenced by SKF Infinium performing in some of the toughest operating environments. Link to press release 

Innovative HVAC solutions to address climate change

Buildings are responsible for approximately 40% of global greenhouse gas emissions, making energy-efficient HVAC solutions crucial for reducing environmental impact. High speed electric motors on Magnetic bearings have emerged as a leading technology in addressing the energy efficiency and environmental challenges of the HVAC industry. Magnetic bearings eliminate friction and wear, needing no oil lubrication and ensuring a clean, pollution-free operating environment. Already used in energy, semiconductor, and machine tool industries, this technology can boost energy efficiency by over 95%, far exceeding standard motors. Magnetic bearings provide a reliable, efficient, and sustainable solution in response to concerns about climate change and energy use.

Improved reliability in railways

SKF’s new range of tapered roller bearings, developed in close collaboration with the customer, enhances performance and durability for demanding track conditions. They can handle up to 1.5 times higher dynamic loads and reduce friction by up to 20% in output shaft bearings, leading to lower energy consumption and improved sustainability.

Performance-enabling solution for industrial electrical systems

With global businesses aiming for net zero, the need for electric solutions is increasing. At the summit, a key highlight is SKF Hybrid ceramic bearings designed for the evolving needs in electrification and automation. SKF Hybrid ceramic bearings, which integrate steel rings with engineered ceramic rolling elements, can reduce friction by up to 50% with an optimized machine design and boost operating speeds by up to 25% compared to all steel bearings. The bearings’ longevity, reduced energy use, and minimal maintenance requirements make them an efficient and sustainable choice for superior performance in many applications.

Advancing innovation with real-time load sensing in the mining sector

Mining companies need reliable data to optimize operations and meet growing demand for minerals. One of the most remarkable innovations introduced for the rapidly evolving mining industry is SKF Insight sensor-bearing system, providing real-time load data to the machine’s control system. This helps customers to increase output, efficiency, and productivity, thereby maintaining their competitiveness.

Innovative solutions for increased machine tool productivity

As precision, automation and miniaturization evolve, the demands on machine tools keep growing. Productivity is boosted by speed, so SKF has developed the innovative UltraFast series of Super-precision bearings, delivering a perfect balance between speed and stiffness for faster machine performance. These bearings also offer significantly reduced frictional torque and other features to support the drive towards reduced energy use.

CONTACT:

For further information, please contact:

Press Relations: Karin Markhede, PR-manager, +46 707 58 87 30; karin.markhede@skf.com

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

https://news.cision.com/skf/r/skf-to-showcase-innovative-solutions-at-the-tech-and-innovation-summit,c4075266

The following files are available for download:

https://mb.cision.com/Main/637/4075266/3149906.pdf

SKF to showcase innovative solutions at the Tech and Innovation summit

https://news.cision.com/skf/i/annika-olme-cto-and-senior-vice-president-technology-development,c3357535

Annika Ölme CTO and Senior Vice President Technology Development

https://news.cision.com/skf/i/rickard-gustafson-president-and-ceo,c3357536

Rickard Gustafson President and CEO

 

View original content:https://www.prnewswire.com/apac/news-releases/skf-to-showcase-innovative-solutions-at-the-tech-and-innovation-summit-302322264.html

SOURCE SKF

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Wenge AI launches enterprise decision AI seminar series in Shenzhen

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SHENZHEN, China, Oct. 23, 2026 /PRNewswire/ — Wenge AI brought together more than 50 academics, industry experts and business leaders from the Greater Bay Area for the first session of its seminar series on putting decision AI into practice in enterprises. Participants explored how AI is being applied to management decisions, risk anticipation and business analysis.

Decision-making becomes a new frontier for AI

In his opening remarks, Professor Liu Min, a director at The Chinese University of Hong Kong (CUHK) Business School, said AI was rewriting the fundamental rules of business competition. Managers should test its effectiveness in real operating environments rather than simply observe its development, he said. He welcomed Wenge AI’s sustained investment in decision AI and expressed hope that Chinese AI companies would translate their technological capabilities into productivity gains for society.

Hang Tian, director of CUHK’s Asian Institute of Supply Chains & Logistics, outlined the institute’s latest AI research. He said the institute had long used AI to translate research into practical applications. A macro-event analysis system developed by his team is supporting the deployment of logistics agents for warehousing, transport capacity and compliance. He looked forward to working with Wenge AI to support Chinese companies expanding overseas and using AI to strengthen the real economy, turning research findings into workflows that businesses can put into operation.

Wenge AI chairman Wang Lei said general-purpose large language models still faced limitations in enterprise decisions involving multiple stakeholders, complex reasoning and rapidly changing conditions. Decision AI would move beyond answering questions to simulating future scenarios, he said. Wenge AI has built the Decitron Decision Engine, which is the world’s first general-purpose large decision model, alongside its Decision Intelligence Platform (DIP) to support decision-making in real business operations.

Enterprises move from AI exploration to implementation

Xu Huansheng, vice-president of Meinian Health Group, spoke on “AI-driven transformation in the healthcare industry: decision-making, operations and growth”. He said AI was now essential for businesses. Markets would value companies for their future capabilities rather than pay a premium for past achievements.

Meinian Health Group has pursued an AI transformation since 2021, Xu Huansheng said. The quality of AI-assisted decisions depends on the completeness and continuity of data. In healthcare, AI can deliver meaningful insights when imaging data, blood test results, genetic data and other information are connected and accumulated consistently over time. Meinian has been progressively embedding AI capabilities into its day-to-day operations.

Wenge AI vice-president Zhang Xina presented the case of a Fortune Global 500 new energy company that previously spent several days manually reconciling tens of thousands of purchase orders. After adopting Wenge AI’s DIP and large decision model, the company created a digital twin of its procurement workflow using data from its enterprise resource planning (ERP) system. Materials planners now use a single consolidated view to complete the work in about 10 minutes each day.

The system also identifies the causes of delivery problems. When the company’s on-time delivery rate fell by about 25 percentage points month on month, the AI identified incomplete shipments after dispatch, rather than slow dispatch, as the root cause. One supplier was delivering an average of 83 days late.

Frank, a veteran chief information officer, shared an enterprise perspective in his presentation on “Best practices for enterprise AI agents”. His team initially invested in integrated AI appliances and an internal AI platform to improve efficiency, but employees sometimes found that using them created additional work. His company has now embedded an AI ontology into the sales, planning and materials modules of its ERP system. The system directly handles demand forecasting, anomaly detection and order processing, with audit trails to ensure traceability. He said AI’s value should be demonstrated through the redesign of real business workflows.

Embedding AI into enterprise decision-making requires effective data governance, process redesign and validation in real business operations. Wenge AI develops general-purpose large decision models and enterprise platforms to help businesses turn AI capabilities into tangible value.

 

View original content:https://www.prnewswire.com/apac/news-releases/wenge-ai-launches-enterprise-decision-ai-seminar-series-in-shenzhen-302917913.html

SOURCE Wenge AI

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Superteam Wheels Launches Premium Cycling Brand MATIC, Unveils Flagship S68 Carbon Wheelset

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Superteam Wheels is proud to announce MATIC, its new premium sub‑brand, alongside the debut of MATIC S68, its flagship one‑piece carbon wheel set. Marking Superteam Wheels’ strategic expansion into high‑end road cycling gear, MATIC targets performance‑driven cycling enthusiasts, amateur racers and hardcore riders.

Inspired by the suffix “‑MATIC”, meaning precise mechanical motion, MATIC centers on craftsmanship, speed and lightweight performance. Drawing on Superteam Wheels’ long‑standing manufacturing expertise, the brand sets new benchmarks for premium cycling components.

The MATIC S68 features a 68 mm rim depth, 28 mm outer width and 21 mm inner width. The wheelset weighs 1,348 grams in total, comprising a 632-gram front wheel and a 716-gram rear wheel. Both wheels use 16 spokes.

Unlike common split‑molded one‑piece wheels on the market, MATIC S68 adopts high‑difficulty one‑piece molding and hole‑less rim technology for superior riding integration. Tuned iteratively based on real‑world testing by pro riders, it delivers consistent, powerful race‑ready performance.

Priced at US$2,999, the MATIC S68 offers strong value vs competing one‑piece wheels. A limited‑time promotion starts Oct 25 at US$2,599 (US$400 off). Buyers receive complimentary lifetime after-sales support to ease one piece wheel maintenance concerns.

Chris Zeng, Overseas Business Manager at Superteam Wheels, commented: “The MATIC S68 is the result of extensive development, iterations and rigorous testing. We want more performance-focused riders to experience premium flagship wheels, and we believe the MATIC S68 will meet their expectations.”

About Superteam Wheels

Founded in 2015, Superteam Wheels develops and manufactures high‑performance carbon wheels for road and gravel bikes. Built on race‑grade standards, its products are sold worldwide.

More info: https://superteamwheels.com/

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SOURCE Superteam Wheels

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Tradewind Finance Provides EUR 2 Million Export Factoring Facility to Eldohm to Support International Growth

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The tailored factoring facility enables Eldohm to offer international customers payment terms of up to 120 days while maintaining the liquidity needed to pay suppliers in China earlier in the trade cycle.

MÖNCHENGLADBACH, Germany, Oct. 23, 2026 /CNW/ — Tradewind Finance has provided a EUR 2 million export factoring facility, available in both euros and US dollars, to the Hong Kong subsidiary of Eldohm, a Netherlands-based international trading company. Arranged in collaboration with CRDT, the facility supports Eldohm’s international growth by providing working capital against outstanding invoices, enabling the company to manage larger orders and pursue further expansion in the United States.

Supporting Growth Across International Trade Flows

For internationally operating trading companies, managing the time between supplier payments and customer collections is a critical working capital challenge. Customers often require extended payment terms, while suppliers need to be paid much earlier in the trade cycle.

Eldohm’s Hong Kong subsidiary manages sourcing, product development and quality control, while the group’s financial administration is handled from the Netherlands. The company offers international customers payment terms of up to 120 days and can pay its suppliers in China earlier in the trade cycle.

As trading volumes grow, so does the amount of working capital required to bridge these payment cycles. This additional financing capacity enables Eldohm to accept larger orders, support growing customer demand and continue expanding its business in the United States.

An Export Factoring Solution Tailored to Eldohm

Tradewind structured the export factoring facility around Eldohm’s international trading operations.

By financing eligible export receivables issued by the Hong Kong entity, Tradewind makes working capital available before customers settle their invoices. This allows Eldohm to meet supplier payment obligations while continuing to offer competitive payment terms to its international customers.

The transaction required experience in international factoring, particularly in financing a Hong Kong entity with concentrated receivables exposure to a US-based buyer. These characteristics had made conventional financing through Dutch providers difficult to arrange.

Tradewind’s international expertise and tailored approach enabled a factoring solution aligned with Eldohm’s actual trade flows and financing requirements.

“Through factoring, we can offer our international customers the extended payment terms they need to manage their cash flow effectively when handling large volumes. At the same time, we can pay our suppliers in China earlier in the trade cycle without our own cash flow limiting growth. This creates financial flexibility on both sides of the supply chain and enables us to grow faster together with our partners,” said Pieter van den Bosch of Eldohm.

CRDT and Tradewind Combine Expertise to Deliver the Facility

The transaction was introduced to Tradewind by CRDT, which already supported Eldohm with credit management services. As Eldohm’s financing requirements developed, CRDT helped identify a financing partner with the international experience needed to support its operations.

For trading companies operating across Europe, Asia and the United States, access to appropriate financing can be complicated by differences in legal jurisdictions, corporate structures and the requirements of domestic financing providers.

CRDT’s understanding of Eldohm’s business, combined with Tradewind’s experience in international factoring, contributed to the development of a financing structure suited to the company’s needs.

“International trade requires expertise and a strong network to tailor supply chain finance to the needs of each business,” said Frans van der Hoorn, Managing Director at CRDT.

International Factoring Expertise Supporting Further Expansion

For Tradewind, the transaction demonstrates the importance of structuring financing around the way companies conduct international business.

With decades of trade finance experience and an international network of local teams, Tradewind supports exporters and importers whose financing needs extend beyond traditional domestic banking structures.

Rather than relying solely on Eldohm’s Dutch operations, Tradewind was able to finance receivables through the company’s Hong Kong subsidiary, supporting trade with a US-based buyer.

“Eldohm’s business demonstrates why export factoring needs to reflect the way goods, invoices and payments move across borders. By financing receivables through its Hong Kong entity, we have structured a facility that supports extended customer payment terms while providing the working capital needed for larger orders and further growth in the United States. Our collaboration with CRDT was instrumental in developing a solution aligned with Eldohm’s business,” said Harry Marchal, VP Sales Europe at Tradewind Finance.

The facility provides Eldohm with additional financing capacity to manage increasing order volumes, maintain supplier payments and pursue further international growth. It illustrates how tailored export factoring can improve cash flow and support companies operating across multiple markets.

To learn how Tradewind’s tailor-made trade finance solutions support international growth, visit www.tradewindfinance.com.

About Tradewind Finance

Founded in 2000, Tradewind Finance maintains a global network of offices including Bangladesh, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Turkey, UAE, and the USA, alongside its headquarters in Germany. Combining financing, credit protection, and collections into one streamlined offering, Tradewind delivers flexible, best-in-class trade finance solutions to exporters and importers worldwide.

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SOURCE Tradewind Finance

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