Connect with us

Technology

Ampere Launches Magnus Neo: The Enhanced Variant of the Magnus EX

Published

on

Starting at just INR 79,999 (ex-showroom), the Magnus Neo brings premium features, comfort, safety, and savings to every rider

BENGALURU, India, Jan. 14, 2025 /PRNewswire/ — Greaves Electric Mobility Limited (GEML), the e-mobility division of Greaves Cotton Limited, has introduced Ampere Magnus Neo, an enhanced variant of its Magnus electric scooter that promises ‘The Power of More’. Building on the legacy of its Magnus series, the Magnus Neo is designed to make eco-friendly commuting more accessible, stylish, and affordable for everyone.

The Magnus Neo represents the evolution of Ampere’s Magnus EX and is set to deliver more style, more power, more strength, more safety, and more savings. The Magnus Neo will take center stage at Auto Expo 2025 in Delhi, starting January 17th. Showcasing its remarkable endurance, the scooter journeyed over 2,000 km from Bengaluru to Delhi, proving its mettle on the road before even hitting the exhibit floor.

Kunnakavil Vijaya Kumar, Executive Director & CEO, Greaves Electric Mobility Limited, said, “The Magnus has earned the trust and love of customers and this new generation embodies our vision of making ‘Har Gully Electric,’ driving the adoption of eco-friendly commuting to every corner of the country. Building on the success of the Magnus EX, the Magnus Neo incorporates advanced technology to offer enhanced features for everyday commuters. This new scooter is crafted to meet the changing demands of our customers while championing eco-friendly transportation options that contribute to a greener future.”

The Power of More:

The Magnus Neo delivers an unmatched riding experience with these key features:

More Style: Premium dual-tone finish available in five vibrant colors—Metallic Red, Glacial White, Ocean Blue, Galactic Grey, and Glossy Black.More Power: Zoom through city streets with a higher than city-speed of 65 kmph and enhanced torque for better acceleration.More Strength: Built with 12″ alloy wheels, enhancing durability and stability.More Savings: Battery warranty for 5 years or 75,000 kms whichever is earlier.More Safety: Equipped with an advanced LFP (Lithium Iron Phosphate) battery, the Magnus Neo sets a benchmark as a differentiated electric scooter in its category to feature this cutting-edge battery technology.

Smart and Comfort Features for Family Riders:

The Magnus Neo is packed with features designed for modern commuting:

Certified range of 100+ km for extended rides.3 riding modes with reverse mode for easy maneuvering.Portable battery for convenient charging anywhere, anytime.USB charging port to keep devices powered on the go.Optional smart connectivity for tech-savvy riders.Safe and efficient charging time of 5-6 hours.

Priced at INR 79,999, as part of a special introductory offer, the Magnus Neo offers exceptional value for its advanced features and performance. With financing options starting at just 5.75% interest p.a, Ampere makes electric mobility accessible for all.

The Magnus Neo will be available across Ampere dealerships nationwide starting January 2025. Customers can experience the enhanced level of electric mobility and make the switch to a smarter, more sustainable commute.

About Greaves Electric Mobility Limited:

Greaves Electric Mobility Limited (GEML), the electric mobility business of Greaves Cotton Limited (GCL), is a player in Electric Vehicle (EV) technology in India. GEML has been designing and manufacturing electric vehicles for over 16 years and has established a strong presence in the electric 2-wheeler segment*. In the electric 2-wheeler segment, the ‘Ampere’ brand has a strong presence in both B2C and B2B segments. Furthermore, MLR Auto Limited and Bestway Agencies Private Limited, subsidiaries of GEML. With a strong base of close to 3 lakh satisfied customers, GEML is committed to creating an affordable and sustainable ecosystem that provides the country with uninterrupted, clean, and last-mile mobility solutions.

* Source: CRISIL Report

For more information, please visit: https://greaveselectricmobility.com/ 

Disclaimer:- 

GREAVES ELECTRIC MOBILITY LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares and has filed a draft red herring prospectus dated December 23, 2024 (“DRHP”) with SEBI and the Stock Exchanges. The DRHP is available on the website of SEBI at www.sebi.gov.in, on the websites of the Stock Exchanges, i.e., BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.greaveselectricmobility.com and on the websites of the BRLMs, i.e. Motilal Oswal Investment Advisors Limited at www.motilaloswalgroup.com, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) at www.iiflcap.com and JM Financial Limited at www.jmfl.com, respectively. Any potential investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the red herring prospectus which may be filed with the Registrar of Companies, Tamil Nadu at Chennai in the future. Potential Bidders should not rely on the DRHP filed with SEBI and the Stock Exchanges in making any investment decision.

This announcement does not constitute an invitation or offer of securities for sale in any jurisdiction. The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States to “qualified institutional buyers” (as defined in Rule 144A under the U.S.

Securities Act) in private transactions exempt from the registration requirements of the U.S. Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S and the applicable laws of the jurisdiction where those offers and sales occur. There will be no public offering of the Equity Shares in the United States.

Disclaimer:- 

“This press release may include statements of future expectations and other forward-looking statements based on management’s current expectations and beliefs concerning future developments and their potential effects upon Greaves Cotton Limited and its subsidiaries/ associates (“Greaves”). These forward-looking statements involve known or unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from our expectations include, amongst others: general economic and business conditions in India and overseas, our ability to successfully implement our strategy, our research and development efforts, our growth and expansion plans and technological changes, changes in the value of the Indian Rupee and other currency changes, changes in the Indian and international interest rates, change in laws and regulations that apply to the related industries, increasing competition in and the conditions of the related industries, changes in political conditions in India and changes in the foreign exchange control regulations in India. Neither Greaves, nor our directors, or any of our subsidiaries/associates assume any obligation to update any forward-looking statement contained in this release.”

Photo: https://mma.prnewswire.com/media/2597539/Magnus_Neo.jpg
Logo: https://mma.prnewswire.com/media/2183421/4790745/Greaves_Cotton_Limited_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/ampere-launches-magnus-neo-the-enhanced-variant-of-the-magnus-ex-302350283.html

Continue Reading

Technology

IBM Unveils Its Most Advanced Quantum Computer in Chicago, Marking a Milestone for Illinois’s Quantum Future

Published

on

By

Hosted by the University of Chicago, IBM Quantum System Two is now operational at Hyde Park Labs and will be a prominent fixture of Illinois Quantum and Microelectronics Park (IQMP) upon the site’s completion.

IBM’s first quantum computer in Illinois extends the company’s industry and academic partnerships across the state, enabling the Illinois ecosystem and beyond to scale quantum algorithms and applications.

CHICAGO, Nov. 6, 2026 /PRNewswire/ — IBM (NYSE: IBM), the University of Chicago, the State of Illinois, and Illinois Quantum and Microelectronics Park (IQMP) today unveiled an IBM Quantum System Two in Chicago, IBM’s first quantum computer in Illinois and the company’s most advanced system available. Initially located at Hyde Park Labs and hosted by the University of Chicago, the system is fueled by IBM Quantum Nighthawk, the most powerful quantum chip IBM has ever built.

Today, organizations across Illinois are already working with IBM to explore how quantum computing can scale to computationally difficult challenges. The new system aims to catalyze the state’s robust ecosystem of scientists, universities, national laboratories, startups, and enterprises, many of whom are collaborating with IBM in Chicago within IQMP’s National Quantum Algorithm Center (NQAC) to develop the next generation of algorithms and applications. As the anchor system of NQAC, which was established in 2024 by Illinois Governor JB Pritzker with IBM as a leading member, the new quantum computer will ultimately be moved to IQMP, a first-of-its-kind campus in Chicago currently being built to develop and scale quantum technology and microelectronics innovation.

“IBM is proud to deploy our first quantum computer of IQMP — an IBM Quantum System Two. Today, it can deliver scientifically useful results to organizations across the state of Illinois and beyond,” said Arvind Krishna, Chairman and CEO, IBM. “As IBM’s first quantum computer in Illinois, the system’s deployment marks a milestone for Illinois’ quantum community and builds on IBM’s partnerships across the state as we expand quantum research across academia and industries.”

“I want the next generation of breakthroughs to happen in Illinois and the jobs and opportunity that come with them to benefit the people of Illinois,” said Governor JB Pritzker. “With the unveiling of IBM’s Quantum System Two in Hyde Park, we are giving researchers and businesses the tool to turn big ideas into real-world solutions. With our growing partnership with IBM, we are building an industry that will give Illinoisans more career opportunities and build a future right here at home.”

“The presence of IBM’s first quantum computer in Illinois, the company’s most advanced system available, is a testament to what’s possible when partners across government, industry and academia work together toward a shared vision,” said Harley Johnson, CEO of the IQMP. “Today reflects the unique strength of Illinois’ quantum ecosystem. We’re thrilled to see IBM Quantum System Two at Hyde Park Labs while the Park is under construction, and we’re more energized than ever to welcome it to the IQMP, where it will anchor the National Quantum Algorithm Center and further establish Illinois as the global destination for quantum innovation.”

“The deployment of IBM’s Quantum System Two represents the culmination of a years-long partnership that brought together academia, government, and private industry to usher in a new generation of discovery. I am delighted that this machine is being unveiled here in Hyde Park, where our neighbors and community will have a view into the future,” said University of Chicago President Paul Alivisatos.

“IBM Quantum System Two brings another critical capability to Illinois’ growing quantum ecosystem and showcases the collaboration that makes our state such a draw,” said Illinois Economic Development Corporation President and CEO Christy George. “For companies developing quantum technologies and applications, access to advanced computing systems, leading researchers, and industry partners in one place is a powerful advantage. This investment strengthens Illinois’ position as a destination for companies looking to innovate, grow, and help shape the future of quantum computing.”

This new IBM Quantum System Two advances IBM’s mission to bring useful quantum computing to the world and extends the company’s commitment to advancing Illinois as a global epicenter for quantum innovation.

Since NQAC’s founding, IBM has helped grow the center into a hub within Chicago where industry leaders work side-by-side with IBM researchers to build quantum applications that can scale alongside technical progress in the field. This includes NQAC Grand Challenge participants Deloitte and AbbVie, who are working with IBM and Northwestern University to build quantum molecular simulation approaches for researchers engaging in drug discovery.

Other Grand Challenges participants working with IBM include EPRI and the University of Illinois Urbana-Champaign (U. of I.) to explore how quantum optimization algorithms could lead to more efficient power grids.

Additionally, research institutions and national labs such as Fermilab are working with IBM in Illinois to accelerate high-energy physics research with quantum and advance technologies for distributed quantum computing. 

IBM is also teaming with leading universities such as the University of Chicago and U. of I. to push technological progress in quantum computing. For example, IBM and the University of Chicago recently demonstrated quantum advantage over leading classical methods using an approach with guaranteed correctness.

Now, IBM’s quantum computing technology is being brought physically into Chicago. Through NQAC, the new quantum computer will empower Illinois’ quantum community to develop new algorithms and applications that will translate to real-world impact. And it will serve as a catalyst for developing Illinois’ current and future quantum workforce. Earlier this year, IBM announced it would establish the FutureNow Chicago center at the IQMP in partnership with City Colleges of Chicago, to bring 750 jobs to the region across AI, cybersecurity, data science, quantum computing and other technologies. 

With the arrival of IBM Quantum System Two, Chicago and the State of Illinois will be cemented as a leading destination for quantum innovation, industrialization, and workforce development.

Supporting Quotes

“IBM’s continued partnership and the unveiling of IBM Quantum System Two mark an exciting moment for the industry and our state’s quantum ecosystem,” said Brad Henderson, CEO of P33. “Deepening collaboration between industry, our universities, national labs, and state government is what sets us apart and further cements Illinois as a global leader in quantum technology.”

“We are proud to contribute the University of Illinois Urbana-Champaign’s expertise and decades of leadership in supercomputing alongside our higher education and corporate partners,” said Illinois Chancellor Charles L. Isbell, Jr. “As a public-serving university, Illinois’ mission is to advance education, research, and economic opportunity across the state, and we’re excited to engage in work that translates the brilliance of Illinois faculty into tangible, real-world impact that affirms the state of Illinois and Chicago as the epicenter of the next generation of technological progress.”

“This is a significant milestone in advancing Illinois’ quantum economy and turning our state’s world-class research capabilities into real-world economic opportunity,” said Illinois Department of Commerce and Economic Opportunity Director Kristin Richards. “Through the State’s leadership and strategic investments in quantum, we are building an ecosystem for long-term industry growth, new business investment, and high-quality jobs.”

About IBM

IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service. 

For more information, visit https://research.ibm.com. 

Media contacts: 

Brittany Forgione
IBM
Brittany.forgione@ibm.com

Erin Angelini
IBM
Edlehr@us.ibm.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/ibm-unveils-its-most-advanced-quantum-computer-in-chicago-marking-a-milestone-for-illinoiss-quantum-future-302932368.html

SOURCE IBM

Continue Reading

Technology

Parliamentary Secretary Rochefort to participate in a milestone event

Published

on

By

HUNTSVILLE, ON, Nov. 6, 2026 /CNW/ — Pauline Rochefort, Parliamentary Secretary to the Secretary of State for Rural Development, on behalf of the Minister of Energy and Natural Resources, the Honourable Tim Hodgson, will take part in a forestry milestone event. Media availability will follow.  

Date: Monday, November 9, 2026

Time: 9 a.m. ET

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. Details on how to participate will be provided upon registration.

Follow Natural Resources Canada on LinkedIn

SOURCE Natural Resources Canada

Continue Reading

Technology

IDP Introduces Agent-Native System of Action, Unifying Humans and AI Agents in One Enterprise Workspace

Published

on

By

Powered by proprietary Universal Agent Protocol™ (UAP), IDP unifies AI agent development, reasoning, orchestration, customer intelligence and enterprise execution. Tim Dahle and Red Rock Auto Group report 2X the appointment conversion rate of traditional BDC operations.

CAPE CORAL, Fla., Nov. 6, 2026 /PRNewswire/ — IDP (ID Privacy AI), an agentic AI technology company, today introduced its Agent-Native System of Action, a unified enterprise platform that enables human employees and AI agents to share customer intelligence, coordinate workflows and execute business tasks across existing enterprise systems.

Powered by its proprietary Universal Agent Protocol™ (UAP), IDP combines AI agent development, intelligent reasoning, multi-agent orchestration, persistent customer intelligence and enterprise execution in one operating environment. 

Through MyIDP.app, employees and AI agents collaborate within a shared workspace while existing CRM, DMS, scheduling and communication platforms remain in place.

To learn more about IDP, its platform and solutions, visit https://www.tryidp.com. 

The announcement is supported by customer-reported results from Tim Dahle and Red Rock Auto Group, where Josh Worthington, Vice President of Operations, reports a 12% appointment conversion rate compared with approximately 6% through traditional BDC operations, representing twice the reported conversion rate.

“The difference with IDP has been incredible,” said Worthington. That’s double the conversion rate, and we’re accomplishing it with technology designed to actually execute the work.”

Solving Decades of Enterprise Fragmentation

“For decades, automotive software has been fragmented, leaving dealerships with disconnected data and workflows,” says Albert Thompson, Founder and CEO of IDP. “Adding standalone AI agents to this broken infrastructure only compounds the chaos. Instead of more disjointed tools, IDP’s Agent-Native System of Action connects existing investments through a universal execution layer.”

From AI Conversations to Completed Business Outcomes

For automotive retailers, the difference between conversational AI and operational execution is particularly visible in service scheduling.

An AI agent may successfully answer a customer’s call, but completing the request requires access to customer records, dealership policies, scheduling availability and operational systems.

When those systems remain disconnected, employees must manually complete or verify the work.

“Automotive AI providers often fail to connect customer conversations with execution,” Worthington noted. “Our previous platform couldn’t schedule appointments or generate tasks, forcing employees to manually review every interaction. Instead of eliminating work, it just created another system for them to babysit.”

IDP’s approach prioritizes completed business outcomes, including confirmed appointments, coordinated follow-up, exception handling and operational visibility.

Systems of record preserve business information. IDP’s System of Action coordinates the work.

Dealer Leadership Perspective: The Future of Automotive AI

As automotive retailers evaluate AI adoption, dealer leadership is increasingly focused on technologies that connect existing investments, support employees and deliver measurable operational value.

Paul Sansone Jr., Founder, Sansone Jr Auto Group 

“My advice to operators is simple: the train is already moving, and it’s moving fast. I really believe the dealerships that figure out how to combine great people with great technology are going to have a significant competitive advantage over the next several years.”

The Technology Behind IDP’s Agent-Native System of Action

IDP’s platform combines five complementary capabilities designed to support the lifecycle of enterprise AI agents, from development and deployment through reasoning, orchestration, execution and human collaboration.

Agent Studio: AI Agent Development and Management. IDP’s Agent Studio enables businesses to configure, deploy and manage AI agents across voice, SMS, email and web channels. Reusable agent configurations support business-specific workflows, operating policies and escalation requirements.Intelligent Reasoning and Multi-Agent Orchestration. IDP’s reasoning and orchestration capabilities are designed to interpret customer intent, apply shared context, coordinate multi-step workflows and delegate supported actions between agents and employees. Business rules and human oversight help govern execution.Universal Agent Protocol™ (UAP): Enterprise Execution. UAP is IDP’s proprietary business-action abstraction, orchestration and execution framework. It is designed to translate business objectives into authorized actions across supported CRM, DMS, scheduling and enterprise applications. Unlike connectivity protocols that primarily expose tools to AI applications, UAP addresses the additional requirements of coordinating business workflows, applying permissions, managing exceptions and verifying outcomes.Context Graph: Unified Customer Intelligence. IDP’s Context Graph connects available customer identity, vehicle relationships, website signals, communication history and operational events across supported systems. By combining existing records with available real-time signals, it creates a continuously enriched customer context that employees and agents can use throughout sales, service and ownership lifecycle interactions.MyIDP.app: The Human-Agent Enterprise Workspace. MyIDP.app provides a shared working environment where employees and AI agents can review conversations, coordinate tasks, guide agent behavior and manage exceptions. Employees can direct supported agent workflows and customer engagement while maintaining visibility into operational activity, using: Teach to provide guidance to agentsTell to direct supported actionsBlasts for configured customer outreach

“The future isn’t humans versus AI,” Thompson said. “It’s humans and AI working as one team. Employees should be able to teach agents, delegate work, understand what’s happening and step in when their judgment matters.”

Built in Automotive. Designed for Enterprise.

IDP’s technology has supported more than 130,000 booked automotive appointments, providing operating experience across customer engagement, scheduling and dealership workflows.The company has developed its platform within an automotive ecosystem that includes dealership groups, enterprise software integrations and OEM certification programs involving Nissan, INFINITI and Mitsubishi.IDP’s architecture is designed to support both its own AI agents and compatible third-party agent technologies, creating opportunities for enterprises and software partners to use shared intelligence and execution capabilities without replacing existing systems of record.The company is exploring applications beyond automotive, including retail, hospitality and home services, where fragmented software, customer engagement and workforce coordination present similar challenges.

Automotive retail provides a demanding proving ground for agent-native execution, with customer interactions spanning multiple systems, departments and communication channels.

“Automotive is where we’re building and proving this model, but the problem exists in almost every industry,” Thompson said. “The next major shift in enterprise software isn’t another CRM, another dashboard or another AI assistant. It’s a System of Action where humans and AI agents share the intelligence, authority and infrastructure to actually get things done.”

To learn more about IDP and the System of Action, visit https://tryidp.com. You can see the system in action, listen to sample calls, and work with an IDP AI agent to schedule a demo.

About IDP

IDP (ID Privacy AI) is an agentic AI technology company developing an Agent-Native System of Action for automotive retail and enterprise operations.

Its platform combines AI agent development, intelligent reasoning, multi-agent orchestration, proprietary Universal Agent Protocol™ (UAP), persistent customer intelligence through Context Graph, and human-agent collaboration through MyIDP.app.

IDP connects AI-powered voice, SMS, email and web engagement with existing enterprise systems and supported business workflows.

Headquartered in Cape Coral, Florida, IDP is advancing an operating model in which humans and AI agents share intelligence, coordinate actions and complete measurable business work.

Website: https://tryidp.com 

Media Contact:
Albert Thompson
Founder & CEO, IDP
albert@idprivacy.ai
443-370-9143

View original content to download multimedia:https://www.prnewswire.com/news-releases/idp-introduces-agent-native-system-of-action-unifying-humans-and-ai-agents-in-one-enterprise-workspace-302932276.html

SOURCE ID Privacy, Inc.

Continue Reading

Trending