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Beyond Identification: Powercast Elevates RAIN RFID for Smarter Supply Chains

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Powercast is revolutionizing supply chain tracking with RAIN RFID technology, embedding smart sensors for real-time monitoring of perishable goods and integrating LED-enabled tags for rapid product location. Beyond compliance with new FDA regulations, Powercast’s innovations enhance efficiency, security, safety, and sustainability—reshaping retail, logistics, and everyday smart applications through wireless power solutions.

PITTSBURGH, March 24, 2025 /PRNewswire-PRWeb/ — Last year, the U.S. saw a staggering 25% increase in foodborne illnesses and a more than twofold rise in hospitalizations. (1) This alarming trend has fueled the FDA’s upcoming Food Traceability Final Rule, which mandates end-to-end traceability for high-risk foods—similar to the EU’s Digital Product Passport (DPP), which enhances transparency across product lifecycles. (2-3) “The industry is at a turning point: traditional tracking methods—such as manual barcode scanning and static QR codes—fall short of delivering the real-time, scalable solutions needed for both compliance and operational efficiency,” explains Charles Greene, COO & CTO of Powercast Corporation, a leader in wireless power solutions. “That’s why we are powering the next generation of RAIN RFID devices—to drive smarter supply chains capable of locating live shipments, tracking the state of perishable goods, enabling anti-counterfeiting security measures and more.”

“We are powering the next generation of RAIN RFID devices—to drive smarter supply chains capable of locating live shipments, tracking the state of perishable goods, enabling anti-counterfeiting security measures and more.” — Charles Greene, COO & CTO of Powercast Corporation

Supply Chain: Smarter Tracking with Embedded Sensors
RAIN RFID technology is becoming a cornerstone of modern supply chain automation. Unlike traditional optical tracking methods—such as barcode or QR code scanning, which provide static data and require line-of-sight—RAIN systems offer real-time, automated visibility. This is especially crucial in dynamic environments where continuous monitoring is essential.

Powercast is enhancing RAIN capabilities by:

Embedding data-rich sensors to provide instant insights into product conditions. This not only tracks the location of stock but also monitors critical environmental factors affecting perishable goods, including temperature, humidity, and movement.The Find-Tag feature integrates LED indicators into RAIN tags, enabling workers to quickly locate shipments—such as contaminated goods requiring immediate removal. This is particularly critical as 2024 has witnessed a surge in E. coli outbreaks, with major brands such as McDonald’s and Grimmway Farms facing food poisoning lawsuits. These incidents underscore weaknesses in food safety regulations and traceability systems. (3-5)

“We are thinking beyond identification,” states Greene. “Our goal is to provide deeper supply chain visibility, ensuring product safety and operational efficiency.”

In addition to food safety, RAIN technology enhances inventory accuracy, reduces losses, and increases transparency throughout the supply chain. With automated, real-time tracking, RAIN enables businesses to avoid stockouts, limit overstock, and optimize warehouse operations. Furthermore, it improves operational efficiency by streamlining processes and accelerates recall procedures by quickly identifying affected products.

“RAIN is a proven technology in large-scale logistics management, and the transport of food is no different,” comments Aileen Ryan, President and CEO of RAIN Alliance. “By utilizing RAIN tags, organizations such as Powercast are helping to streamline and optimize the food industry supply chain. This isn’t just unlocking new operational efficiencies; it is driving a new era of food safety standards where any risk of contamination at any point in the supply chain can be recognized and rectified before a product reaches the shelves. And with more and more consumers factoring in responsible sourcing in their purchasing decisions, transparent, traceable data from farm to table can be a key differentiator that helps make a more sustainable food industry.”

DPP and Sustainable RAIN Innovation
As industries move toward greater transparency, the EU’s Digital Product Passport (DPP) is setting a new standard for tracking a product’s lifecycle—from raw materials to disposal. Powercast is at the forefront of this shift, leveraging its RF wireless power technology to enhance RAIN’s role in sustainability.

By embedding its Powerharvester® technology into RAIN tags, Powercast enables maintenance-free, batteryless tracking systems that align with both DPP initiatives and corporate sustainability goals while elevating RAIN beyond just identification. These systems help businesses reduce waste, improve inventory accuracy, collect environmental data critical to sustainable operations, and are able to power or recharge the DPP device.

As a member of the RAIN Alliance Sustainability Working Group, Powercast is driving innovation that bridges RAIN technology with real-world sustainability efforts, ensuring smarter, more responsible supply chains.

Beyond Supply Chain: Powercast’s Wireless Solutions in Everyday Life
While RAIN is already transforming retail and logistics, its potential extends beyond the supply chain. As mandates drive RAIN adoption in apparel and consumer goods, Powercast’s wireless power solutions unlock new, smarter applications. “With our technology, those same RAIN systems could enable auto-reordering, smart inventory monitoring, and even recharge the numerous electronic devices around us every day,” points out Greene.

Imagine a home where RAIN-enabled products seamlessly manage everyday tasks. A refrigerator could track food levels and automatically reorder groceries, while a medicine bottle could remind users when it’s time for a refill. By integrating RAIN with wireless power, companies can create an ecosystem where objects don’t just store data—they actively improve efficiency, reduce waste, and enhance user convenience.

Powercast is leading this evolution, bridging the gap between regulatory mandates and real-world innovation. “We’re not just enabling compliance,” says Greene. “We’re creating smarter, more intuitive interactions between people and technology—making everyday life more seamless, helping businesses, consumers, and the planet.”

About Powercast Corporation
Powercast Corporation, founded in 2003 and based in Pittsburgh, PA, is the go-to resource for wireless charging solutions, ranging from short to long distances and from microwatts to kilowatts, with the industry’s broadest technology portfolio backed by over 300 patents worldwide. We design, develop, and manufacture semiconductor chips as well as complete wirelessly powered products, enabling various levels of customer integration.
Powercast’s solutions include RF power-over-distance charging, high-performance inductive charging systems, and low-power sensors with up to 25-year battery life. With flexible magnetic resonance systems, Powercast positions itself as the industry’s most comprehensive source for wireless power technology. For more information, visit https://www.powercastco.com.

About the RAIN Alliance
The RAIN Alliance enables organizations to improve traceability, effectiveness, and sustainability by simplifying, standardizing and accelerating the adoption of RAIN technology through global collaboration and innovation. Its global membership consists of companies and organizations which develop and deploy RAIN technology solutions across many vertical markets.
RAIN is a standards-based wireless technology that enables businesses and consumers to identify, locate and authenticate billions of items connected to the Internet of Things. RAIN technology uses the ISO/IEC 18000-63 protocol (also known as GS1 UHF Gen2). For more information, visit https://therainalliance.org/

References
1. Dall, Chris. “Center for Infectious Disease Research and Policy.” CIDRAP, 17 Feb. 2025, cidrap.umn.edu/foodborne-disease/report-illnesses-contaminated-food-increased-2024-severe-cases-doubled.
2. Nutrition, Center for Food Safety and Applied. “FSMA Final Rule: Requirements for Additional Traceability Records for Certain Foods.” FDA, 13 Nov. 2024, fda.gov/food/food-safety-modernization-act-fsma/fsma-final-rule-requirements-additional-traceability-records-certain-foods.
3. Dake, Zach. “Digital Product Passports Enabled by RAIN.” The RAIN Alliance, 4 Nov. 2024, therainalliance.org/digital-product-passports-enabled-by-rain-rfid/.
4. U.S Centers for Disease Control and Prevention. “Investigation Update: E. Coli Outbreak, McDonald’s Quarter Pounders – October 22, 2024.” CDC, U.S Centers for Disease Control and Prevention, 22 Oct. 2024, cdc.gov/ecoli/outbreaks/investigation-update-e-coli-o157-2024.html.
5. Coveny, McKenna Madison. “Why Does It Seem like 2024 Is the Year of E. Coli Outbreaks?” Food Poisoning News, 22 Nov. 2024, foodpoisoningnews.com/why-does-it-seem-like-2024-is-the-year-of-e-coli-outbreaks/.

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Lovey announces £250m senior secured credit facility with Pollen Street Capital

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UK’s fastest-growing fintech announces its largest funding facility to date to support more UK SMEs

BIRMINGHAM, England, Oct. 27, 2026 /PRNewswire/ — Lovey, the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage, has today announced a senior secured credit facility of up to £250 million with Pollen Street Capital (“Pollen Street”), an alternative asset manager. The facility is made up of £50 million committed capital and a £200 million accordion, making it the largest funding facility in Lovey’s history and marking a key milestone in the company’s growth.

The facility demonstrates continued institutional investor confidence in Lovey’s lending model, technology and long-term strategy and reinforces Lovey’s position as a leading finance provider focusing on SME funding. The facility will significantly increase Lovey’s lending capacity, supporting the business as it scales its own-book lending while continuing to grow its established brokerage proposition.

Founded by Jack Smith in 2016, Lovey has grown from a one-person start-up into a 120-strong business, funding more than £600 million in loans to over 11,000 UK SMEs. Built around a mission to make lending simple, fast and beautiful, Lovey has expanded rapidly while staying focused on making finance easier and more accessible for small businesses. The new facility will support that mission by giving Lovey the capital to help more UK SMEs access funding quickly and flexibly.

Lovey began lending directly from its own balance sheet in 2022, building on its experience as a broker to develop a deeper understanding of the funding needs of UK SMEs. Today, the business combines direct lending with its established brokerage proposition, giving customers access to both Lovey’s own lending and a wider panel of funding partners. This approach allows Lovey to match businesses with the funding solution that best suits their needs, while the new facility provides greater capacity to grow its direct lending operation.

Jack Smith, Founder and CEO at Lovey, comments:
“This new facility is an important milestone for us and will enable us to put more capital behind UK small businesses, scale our own-book lending and give more SMEs access to finance when they need it. Pollen Street shares our belief that finances for small businesses should be simpler, faster and more flexible, and we’re really pleased to have them backing Lovey for this next stage of growth.”

Kai Hunter, Chief Operating Officer at Lovey, comments:
“The funding announced today is the result of close and collaborative work with Pollen Street and I am grateful to their team, and to our own, for the diligence they brought to it. This funding deepens our lending capacity and allows us to offer larger loans, so that we can back more of the UK’s small and medium-sized businesses, from those that have found finance hardest to secure to the well-established, with greater speed and certainty.”

Ethan Saggu, Investment Director, Pollen Street, adds:
“Lovey has spent almost a decade seeing the UK SME lending market from a broker’s perspective, giving the team an expert view of where demand for credit is going unmet. We have financed a number of specialist SME lenders and recognise what it takes to grow from brokerage into balance-sheet lending. Lovey has done so with a well-defined product and a focused approach, and we look forward to supporting the team as it scales.”

Lovey was advised by Ashurst Perkins Coie and Pollen Street was advised by Simmons & Simmons.

The facility builds on Lovey’s existing funding arrangements announced last year, including a £35 million revolving credit facility from Paragon Bank and a £10 million junior medium-term note programme from LGB Capital Markets. The new facility also adds to Lovey’s growing institutional funding base as it enters its next phase of expansion.

To learn more about Lovey or to apply for a fast, flexible business loan, visit Lovey’s website.

For any further information, please contact: press@lovey.com

About Lovey (the trading name of Love Finance Limited): 
Lovey is the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage. Founded in Birmingham in 2016 by Jack Smith, Lovey has a mission to make lending simple, fast and beautiful. The company has funded more than £600 million in loans for over 11,000 SMEs across the UK.

Recognised by EY, Deloitte, The Sunday Times, Financial Times, UK Growth Index, FEBE, and Sifted as one of the UK’s fastest-growing companies. Lovey combines direct lending and brokerage services to deliver fast, flexible, and tailored funding solutions. With an industry-leading 4.9-star Trustpilot rating, businesses can enquire in 60 seconds and receive funding in as little as 4 hours. 

Website: www.lovey.com

Pollen Street Press Office:
FGS Global 
Chris Sibbald / Anna Tabor
PollenStreetCapital-LON@fgsglobal.com 

About Pollen Street:
Pollen Street is a fast-growing and high performing private capital asset manager. Established in 2013, the firm has built deep capability across the financial and business services sectors aligned with mega-trends shaping the future of the industry. Pollen Street manages over €9bn AUM across private equity and credit strategies on behalf of investors including leading public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. Pollen Street has a team of over 100 professionals.

www.pollenstreetgroup.com 

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Baidu to Report Third Quarter 2026 Financial Results on November 16, 2026

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BEIJING, Oct. 27, 2026 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Third Quarter 2026 ended September 30, 2026, before the U.S. market opens on November 16, 2026. Baidu’s management will hold an earnings conference call at 7:30 AM on November 16, 2026, U.S. Eastern Time (8:30 PM on November 16, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Baidu Inc. Q3 2026 Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10057872-oyt4z8.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

A replay of the conference call may be accessed by phone at the following number until November 24, 2026:
US: 1 855 883 1031
Replay PIN: 10057872

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and the HKEX under “9888.” One Baidu ADS represents eight Class A ordinary shares.

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SOURCE Baidu, Inc.

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IBS Software’s iCargo to power Philippine Airlines Cargo Modernisation

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Airline to move from its current cargo system to a modern, cloud-based platform covering cargo sales, ground handling operations and revenue accounting

MANILA, Philippines, Oct. 27, 2026 /PRNewswire/ — IBS Software’s iCargo, a cloud-based platform bringing cargo sales, ground handling operations and accounting together, has been selected by Philippine Airlines (PAL) to replace its current cargo system. The implementation will extend iCargo’s capabilities across PAL’s domestic and international cargo operations.

As the leading AI-native product company in the travel technology sector, IBS Software will support PAL’s broader cargo transformation and modernisation programme with capabilities that support PAL’s full range of business functions, from commercial and operations to back-office accounting, while enabling further innovation and digitisation through a single, fully integrated cloud-based platform. iCargo will support cargo movements across PAL’s domestic and international operations, including international requirements such as customs reporting, duties and taxes settlement and regulatory compliance. iCargo already supports carriers with this same mix of demands, providing the flexibility, scale and capabilities to manage both.

The transition will enable PAL to address key operational requirements across its cargo operations, including system performance and data analytics. iCargo will provide modern capabilities to support faster shipment processing, greater reliability and end-to-end shipment visibility, while reducing manual intervention and enabling more efficient processes.

Beyond operational efficiency, these capabilities will help PAL Cargo bring its ‘Care that Delivers’ promise to life, giving customers greater confidence through improved shipment visibility, reliable service and a more seamless cargo experience. As cargo volumes continue to grow across its network, the new platform will also provide the technological foundation for continued innovation, operational excellence and long-term growth.

IBS Software’s proposal combined a strong technology fit with a proven track record of delivering successful cargo transformations for airlines worldwide. The selection of iCargo builds on an established relationship between Philippine Airlines and IBS Software, broadening the portfolio of IBS Software products used by PAL and reinforcing their shared commitment to long-term innovation and business growth.

“This initiative represents an important step in the modernisation of our cargo business,” said Jason Siy, Vice President for Cargo Business, Philippine Airlines. “As we grow across our domestic and international network, we need a system that increases visibility, improves operational efficiency and enables us to deliver a better experience for our customers. We see iCargo as a key enabler of our long-term cargo transformation strategy and of our ambition to build an even stronger cargo business for the future.” 

“Philippine Airlines has a clear vision for the future of its cargo business, and we are proud to support that journey,” added Sunil George, Vice President & Region Head of Oceania, IBS Software. “This partnership is about more than implementing a new cargo platform. It is about working closely with PAL to build the digital foundation for future growth, innovation and operational excellence, and continuing a relationship we value deeply.” 

For more information about IBS Software’s iCargo solution, visit: https://www.ibsplc.com/product/air-cargo-solutions/icargo.

About IBS Software

IBS Software is a leading travel technology company delivering AI-native travel intelligence that enables smarter, faster and more resilient decision-making, with built-in guardrails across aviation, cargo and logistics, and leisure and hospitality. It powers core capabilities for leading travel brands worldwide, spanning airline retailing, passenger services, loyalty, fleet, hub and crew operations, cargo management, and cloud-native platforms for hotels and cruise line operators, and operates from 17 offices globally.

Further information can be found at www.ibsplc.com. Follow us:
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About Philippine Airlines

Philippine Airlines (PAL) is the Philippines’ flag carrier and the country’s only full-service network airline. Founded in 1941, PAL is Asia’s first commercial airline and has played a vital role in connecting the Philippines to the world for 85 years.

PAL operates scheduled nonstop flights from its hubs in Manila and Cebu to 29 destinations across the Philippines and 40 destinations in Asia, North America, Australia, and the Middle East.

PAL is an APEX Four Star™ airline and was recognised by Cirium for achieving the highest on-time performance among Asia-Pacific carriers in 2025. In 2026, Philippine Airlines was officially invited to join the oneworld® Alliance.

 

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