Automotive Industry Snapshot: New Innovations Steer the Sector Towards the Future (OTCQB: $FNHI) (TSXV: $DYA.V) (OTC: $DYFSF) (NASDAQ: $NUAN) (TSXV: $NNO.V) (OTC: $NNOMF)
Point Roberts, WA and Delta, BC - September 5, 2019 (Investorideas.com Newswire) Investorideas.com, a leading investor news resource covering automotive stocks releases a snapshot focusing on the rise of technological innovations that are beginning to shape the future of the automotive industry.
A recent article in Forbes discussed how technology is driving change in the automotive industry saying, "If you identify the key building block of the auto industry during its first 130 years, you would have to point to engineering. It was engineering that made automobiles, our personal transportation devices, possible in the first place. And it is engineering that kept the line of progress moving forward decade after decade. Engineering made cars safer, more fuel-efficient, more comfortable, more durable, and more useful. It is responsible for the immense progress the auto industry has enjoyed and for the incredible benefits that personal transportation has delivered to the people of the globe. But going forward, engineering won't serve as the prime driver of the auto industry, according to Sreenivasa Chakravarti, Vice President - manufacturing, Tata Consultancy Services. Instead, he asserts, the key driver will be data science."
Continued in the article, "Electrification, autonomous operation, vehicle-sharing all appear to have the potential to change the auto industry in a fundamental way."
Also in recent news, "Japan and France on Monday said they had agreed to share information and explore deeper cooperation in next-generation auto technology. In a statement, Japan's trade ministry said the two governments had agreed to start talks to bolster possible cooperation in areas such as automated driving, batteries and electric vehicles (EV). They agreed to discuss policy toward sharing information, supporting transformation of the auto industry environment and exchanging opinions about potential further cooperation in industrial policy for the automotive industry, according to a memorandum of cooperation released by the ministry."
As we see this rise in automotive innovations, patent protection and first mover advantage looks to become essential to the companies in this space.
Franchise Holdings International Inc. (OTCQB: FNHI), Worksport Ltd.'s parent company, has recently received its second US Patent Office trademark allowance (and the third for the company in 2019 so far), gaining additional coverage and rights to the Worksport word mark, further protecting its innovative line of light truck tonneau covers in the US, its primary market.
Previously, Worksport received US approval for 'all claims submitted' for its new full-bed access light truck cover, the only one in the industry that does not extend into the truck bed. The Company in 2019 was also awarded first full trademark rights to 'its Worksport trade name in Canada' for the stylized Worksport logo.
"Worksport has now added to its arsenal of intellectual property assets the much-coveted word mark in our industry class, not just the logo mark, which we previously possessed," said Worksport and FNHI CEO, Steven Rossi. "This gives us full and absolute protection rights for our brand identity, which we will enforce. Our name is important to our success, as it closely matches our amazing company culture of entrepreneurs, do-it-yourselfers (DIY), small business owners and outdoor enthusiasts."
Worksport is also trending towards another record quarter for revenues, as it continues along its best year and best quarters on record.
"This year is history in the making for Franchise Holdings International as it builds out a solid infrastructure of products, intellectual property assets, and long-term customer relationships," Rossi added. "Our team is now operating at maximum productivity, with accounting filing a record Q2 report on-time and Research and Development reaching milestones in new product design, engineering, and the build out of our intellectual property portfolio, legally protecting our many proprietary innovations."
Rossi said that Worksport intends to budget earnings from operations to expedite the development of its Helios product line. These complementary truck accessories will charge forthcoming electric trucks with Worksport's proprietary solar technology infused with its most advanced truck bed covers, a major breakthrough innovation. Management will update the public and shareholders on breaking developments in the coming future.
dynaCERT Inc. (TSXV: DYA) (OTC: DYFSF) also recently provided updates regarding the advancement of its intellectual property related to its on-board, on-demand hydrogen injection systems for diesel engines and carbon credits.
The Company was granted on April 9, 2019, a very key US Patent, (i.e. patent number 10,253,685), called "Method & System for Improving Fuel Economy & Reducing Emissions of Internal Combustion Engines". The Canadian version (i.e. patent application number 2882833), of this patent was granted on June 4, 2019; the required fee has been paid and dynaCERT is currently awaiting the issuance of the patent from the Canadian Patent Office. A continuation application with additional claims to US Patent number 10,253,685 was filed on February 20, 2019 and is currently pending.
In addition, dynaCERT has several other patent applications filed in the US, Canada and other parts of the world, and patents pending for different aspects of the HydraGEN™ Technology. These are progressing through the normal patent application process. The Company's R&D team is currently working on improvements to the existing HydraGEN™ Technology, and it is the intention of the Company that patent applications capturing such improvements would be filed in due course. Some of the significant patent applications are described below.
The Company received the Notice of Allowance on May 2, 2019 on US patent application number 15,298,783 "Management System and Method for Regulating the On-Demand Electrolytic Production of Hydrogen and Oxygen Gas for Injection into a Combustion Engine" referred to by the Company as the "Smart ECU patent". The application is expected to issue as US Patent number 10,400,687 on September 3, 2019. The embodiments of the US Patent relate to a management system and method that can simultaneously reduce polluting emissions and improve the performance of an internal combustion engine by: determining dynaCERT's reactor performance level or calculating the amount of gas being generated by dynaCERT's on-demand electrolytic reactor; monitoring the engine performance level, determining whether the engine performance level would change, (i.e. decrease or increase, or remain the same) to forecast a future engine demand level; adjusting the reactor performance level to improve the engine performance ahead of the forecast future engine demand level materializing to minimize parasitic loss associated with reactors operating continuously, (i.e. reactors that are not capable of adjusting their performance level or the level of produced gas according to the real time engine performance level); and thereby, improving the engine performance and reducing emissions. Following PCT applications in 2017, patent applications have been filed in Canada and other countries, and are awaiting review.
Two continuation applications (i.e. number 16,514,460 and number 16,514,543), claiming the benefits of the US Patent number 10,400,687 ("Management System and Method for Regulating the On-Demand Electrolytic Production of Hydrogen and Oxygen Gas for Injection into a Combustion Engine") were filed on July 17, 2019.
dynaCERT has also filed in 2018, a PCT Application entitled "Systems and Methods for Tracking Greenhouse Gas Emissions Associated with an Entity". This application PCT/CA2018/051235 is a method to securely and accurately capture and transmit data on greenhouse gases associated with the following: Residential Entity (single-family residence, townhouse, condo, apartment building), Industrial Entity (factory), Commercial Entity (medical building, educational institution), Power Generation Entity, Railway Entity, Marine Entity, Aviation Entity, On-Road & Off-Road Entities (trucks, cars, buses, ATVs), Agricultural Entity (tractors, combines, barns). The Company also included fertilizers, pesticides and other chemicals and carcinogens in its patent scope. dynaCERT's data collector, the Smart ECU, when attached to the emission source by way of sensors or any other measuring devices, can directly measure emissions output. When the data is collected for the first time, it goes through a series of validation processes in order to determine an emission offset measurement based on an emission baseline. The output data is encrypted and then transmitted to a portal or platform where the data is analyzed to determine any changes in emissions output to validate compliance, determine amount of greenhouse gas credit or offset such as Carbon Credits required for trading.
Mr. David Bridge, Senior Technology Advisor of dynaCERT stated, "These patents and patent applications continue to propel dynaCERT as a leading international innovator in the field of carbon emission tracking and carbon credit solutions. We are thoroughly sensitive to the imperative of intellectual creativity across a plurality of industries while upholding a very real-world approach to developing breakthrough technologies that can save lives and improve global health in our lifetime and much further beyond."
Jim Payne, CEO of dynaCERT stated, "I congratulate and thank David Bridge and his team of professionals for their exceptional achievements in continuing to strengthen our intellectual property and patents. dynaCERT is committed to maintaining its leadership through ingenuity in Carbon Emission Reduction Technology. Our corporate social responsibility is to create a better world for our children, grandchildren and many generations to come."
Dr. Stephen Campbell, Chief Technology Officer at Nano OneTM Materials Corp. (TSXV: NNO) (OTC: NNOMF) recently provided an update on Nano One's latest lithium nickel manganese cobalt (NMC) innovations and how they are aimed at making high energy lithium ion batteries safer and more durable.
Dr. Campbell explains, "Nano One's latest innovations provide added durability and safety to NMC cathodes by protecting them from the stresses of repeated charging and from undesirable side-reactions. We are able to form protective coatings on individual particles and this is clearly differentiated from others who are developing coatings on larger clusters of particles. The stresses of repeated charging cause large coated clusters to break apart, leaving individual particles on the inside exposed to side reactions. By protecting the individual particle, Nano One is engineering new materials for increased durability and safety. Our technology is particularly relevant to high energy nickel-rich NMC batteries because it provides added protection."
The automotive battery industry is actively pursuing higher nickel content in lithium ion batteries because it can boost energy density and thereby extend vehicle range while reducing the cobalt content and its inherent supply chain risk. However, this comes with increased risk to stability, durability and safety. By protecting each nanoparticle rather than larger clusters, Nano One's technology is aimed at mitigating these risks.
Nano One's latest process innovations make NMC materials with a protective coating in fewer steps and form individual nanoparticles that are designed to resist cracking and withstand the rigors of repeated charging. Nano One is able to control the formation of its patented NMC materials using innovative manufacturing technologies, which are themselves protected by patents in the US, Canada, Taiwan, China, Japan and Korea.
These innovations and advantages are explained in a short animation posted on Nano One's website at https://nanoone.ca/nanoonenmcanimationaug2019/.
Dr. Campbell said, "These are novel materials and coatings that have the potential to enable stable, low cost, fast charging and energy dense cathodes ideal for electric vehicles and other high energy density applications. These innovations differentiate Nano One and add considerable value to the development activities we now have underway with our automotive and battery materials partners."
Nuance Communications, Inc. (NASDAQ: NUAN), a leading provider of conversational AI, recently announced that it will host its 2019 China Auto Forum on September 4, 2019, in Shanghai. With the theme "Digital Transformation: the Engine of New Business Value," the China Auto Forum brings together industry luminaries, the region's leading automakers, and Nuance experts as they explore how digital transformation can create innovative business value and accelerate growth in the market.
"As we prepare to spin out from Nuance and create Cerence, this event is an important milestone for the business and our relationships across Greater China and the rest of the world," said Charles Kuai, Corporate Senior Vice President & President, Greater China Region, Nuance Communications. "The automotive industry is undergoing a transformation from hardware- to software-focused vehicles as automakers apply greater focus on the in-car experience and services. I look forward to discussing this transformation with industry leaders and showcasing how our automotive business brings unique value as we navigate this changing landscape."
Auto Forum attendees will hear from industry thought leaders, including Ning Wan, Co-founder of TMTPost, Initiator Director of ITValue, and Dean of Research Institute of TMTPost; Kevin Li, Director, China Market Research, Global Automotive Practice, Strategy Analytics; Jing Lei Cheng, President, EVELOZCIT; Shuang Xi Huang, General Manager, Intelligent Hardware Business, iQIYI; and Hongze Yang, Chairman, Autolink. Attendees will also experience the latest innovations from Nuance Automotive's China team, including an on-road demo of a fully customized mobility assistant platform built specifically for the Chinese market; ARK, a new, localized, turn-key voice AI solution; and innovative systems built together with key OEMs such as ECARX and Banma.
Nuance Automotive, which is expected to spin off from Nuance on October 1, 2019 and become independent, publicly-traded Cerence Inc. delivers immersive experiences that make people feel happier, safer, more informed, and more entertained in their cars. Bringing together voice, touch, gesture, emotion, and gaze innovations, it creates deeper connections between drivers, their cars and the digital world around them. It currently powers AI in more than 280 million cars on the road globally across more than 40 languages and for nearly every major automaker in the world, including Audi, BMW, Daimler, Ford, Geely, GM, SAIC, Toyota, and many more.
As the automotive industry continues to evolve we can expect to see these new technological innovations playing a larger and larger role in the industry's trajectory which is good news for companies looking to enter this space as well as the consumers who will enjoy a more data driven and renewable focused automotive experience.
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