The All-New 2022 Lexus NX: Designed, Engineered With The Future Of Luxury In Mind

PLANO, Texas, June 11, 2021 /PRNewswire/ — Ushering in a new era of luxury, Lexus is embracing electrification, intuitive technology, performance, and design. The all-new 2022 Lexus NX delivers a long list of firsts, including the all-new Lexus Interface multimedia system designed with the North American market in mind.

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With a lower center of gravity and stronger stance, the all-new NX embodies powerful design, intuitive innovation and boundless utility.  The most notable update is the introduction of Lexus Interface, the integrated multimedia and digital support on the optional 14-inch touchscreen display. It offers available over the air updates, wireless charging and untethered smart phone connection to the user’s unique profile. This is paired with the introduction of standard Lexus Safety System+ 3.0, plus Blind Spot Monitor. Additionally, Safe Exit Assist and the innovative Digital Latch system are designed to make exiting the vehicle safely even more effortless.

“The all-new Lexus NX sets a new standard in the luxury crossover market with class-leading innovations in electrified powertrains, infotainment, driving dynamics, styling and safety,” said Vinay Shahani, Lexus vice president of marketing. “The 2022 NX includes the most technological vehicle changes since we launched Lexus 32 years ago. With the all-new Lexus Interface multimedia system and a variety of customizable features, NX is an exciting first step in a series of 20 all-new or updated Lexus vehicles by 2025.”

Powerful Design for the Future

From the refined spindle grille to the new full-width blade taillamps and LEXUS rear badging, the all-new 2022 Lexus NX emits a powerful message to those approaching the luxury crossover. At the front, the updated grille pattern and frame create a more integrated feel to the body of the vehicle. Made up of tall U-shaped blocks, the spindle grille is designed for a three-dimensional effect and creates a sense of depth while expressing a strong impression. Framed on top by the L-shaped daytime running lights (DRL), the optional three-projector headlamps create balance with a more subdued impression.  

In the rear, the Lexus logo has been redesigned to create an advanced and modern expression. The use of the L emblem has been replaced by a new, unified LEXUS logo located at the center of the vehicle. A full-width blade rear combination lamp (similar to the Lexus UX and IS). and an L-shaped lamp on the rear fender are separated to make the expression unique to the NX. The light bar lamps are constantly illuminated at night to function as a taillight and illuminate the rear brand signature.

Guests can select from a variety of fresh NX colors to suit their taste, including Redline, Cloudburst Gray and Grecian Water. For colors exclusive to F SPORT models, the palette includes Ultra White, Obsidian and Ultra Sonic Blue Mica 2.0.

Driver-Focused Cockpit Design

The NX’s driver-centered cockpit has been meticulously designed with a focus on connecting the driver to the vehicle. The 7-inch Multi Instrument Display (MID) and optional 10-inch Head Up Display (HUD), both NX firsts, are designed to convey vehicle information, alerts and updates, within the driver’s line of sight. The MID’s single meter layout is made more visible by a high -definition screen. Most driving-related functions are concentrated on the steering wheel to allow for intuitive operation while keeping the driver’s eyes on the road.

In the center stack, the standard 9.8-inch touchscreen puts an array of multimedia features within easy reach. The optional 14-inch touch screen, a first for NX, delivers an immersive multimedia experience. Dial controls remain for frequently used functions, like climate control and media volume. Comfort features, such as heated seat selection, are now more readily accessible. All enhancements combine to create a more user-friendly, digital in-vehicle experience.

Driving Performance – All-New NX 350 2.4 Turbo Engine

The new lower center of gravity and enhancements in vehicle rigidity allow for a higher horsepower 2.4 turbo gas engine on the NX 350. The new 8-speed transmission provides the gas-powered NX the feel of a performance vehicle with the higher perspective of a crossover utility vehicle. This is made possible by improvements to torsional rigidity through laser peening welding and the addition of high rigidity foam, both Lexus firsts. The twin hood lock, also a brand first, adds front lateral flexural rigidity and improves the aerodynamics of the vehicle.

The exciting turbo gas-powered engine boasts an estimated 275 horsepower and 317 lb. ft. of torque. Combined, these result in a 0-60 time of 6.8 seconds, a half-second quicker than the previous model. 

Additionally, the NX 250 provides a naturally aspirated gas engine to round out the options for guests interested in a 2.5-liter 4-cylinder gas engine with start/stop functionality. With an eight-speed transmission, this model is available in both FWD and AWD options. Delivering an estimated 203 horsepower and 184 lb. ft. of torque., combined results in 0-60 times of 8.2 seconds (FWD) and 8.6 seconds (AWD) respectively.

 Performance and Range with the NX 450h+ Plug-In Hybrid

In a first for Lexus, the new plug-in hybrid vehicle (PHEV) system brings Lexus Electrified to life through performance and the signature quietness of a PHEV model. The NX 450h+ has a manufacturer-estimated 36-mile range on electric power only, made possible by the newly developed, high-capacity lithium ion battery. The system achieves the EV output equivalent to a 2.0-liter engine. When combined with the newly developed hybrid transaxle, a 2.5-liter inline 4-cylinder engine delivers on the performance luxury guests are seeking with an estimated 6.0 second 0-60 time.

A high-output, high-efficiency system designed to reduce power loss when converting from AC power to DC power, results in shorter charging times. Using the maximum charging current of 240V, the Lexus NX plug-in hybrid can be fully charged in approximately two-and a-half hours when equipped with the optional 6.6 kW Expedited Onboard Charger. With the standard 3.3 kW on board charger, charge time goes up slightly to four-and-a-half hours.

The NX450h+ employs an electronically controlled, full-time AWD system for a confident, sporty driving experience. Optimizing front and rear torque distribution according to the driving conditions, the driver can control the vehicle as intended. In turns, the NX AWD provides exhilarating yet elegant control for normal to aggressive driving styles.

Predictive Efficient Drive couples with the navigation system, learns driving habits, predicts the expected roadway ahead and analyzes real-time traffic reports to optimize charging and discharging of the hybrid battery. The more miles the NX is driven, the more data is gathered to help optimize fuel consumption.  The system also uses accumulated knowledge about a driver’s behavior to predict when and where the vehicle is likely to slow down or stop. For example, when the NX approaches a location where the driver has slowed or stopped in the past, and the driver releases the accelerator pedal, Predictive Efficient Drive increases regenerative braking, allowing more efficient energy to be recovered and recharged into the hybrid battery.

Hybrid Combines Performance and Fuel Economy

With the all-new Lexus NX 350h, guests can have both great performance and fuel economy. With a combined 239 horsepower (a 20 percent increase over the current model) and impressive manufacturer estimated 36 MPG (an increase of 6 MPG over the current model), the NX hybrid brings a powerful performance that illustrates the brand’s hybrid leadership. Guests will also notice the quicker 0-60 time with 1.5 seconds shaved off the time from prior generations at 7.2 seconds. 

The Lexus Hybrid Drive system pairs the D4-S fuel injection 2.5-liter 4-cylinder gasoline engine with two high-torque electric drive motor-generators for strong acceleration and passing performance. Instead of transfer gears and a driveshaft to the rear wheels, the AWD system employs a second, independent electric motor to drive the rear wheels when it detects it is needed to help maintain optimal traction.

Lexus Interface: An All-New Elegant, Intuitive and Desired Connected Multimedia System

The all-new, North American-developed Lexus Interface multimedia system allows the NX to seamlessly integrate and navigate life’s twists and turns. The eye-catching standard 9.8-inch touchscreen provides intuitive technology at the occupants’ fingertips. The screen’s new Human Machine Interface (HMI) enhances user interaction through sight, touch and voice, while balancing accessibility needs. An optional 14-inch touchscreen maximizes the experience with integrated automatic climate control functions.   

Lexus Interface also incorporates a new Virtual Assistant developed with a human-centered approach. The Virtual Assistant is intended to be the primary way guests interact with the new multimedia system. Designed with dual microphones, enhanced noise-cancellation, seat detection and speaker location capabilities, the system enables a voice-first approach allowing front seat occupants an expanded and interactive experience to access navigation, media, phone and certain vehicle settings such as climate control and window opening/closing.

With the ubiquitous use of smart phones, an intuitive and simple guest experience is now possible with Lexus Interface.   With the Lexus Interface User Profile feature, the driver’s personalized settings and experience can be retained in the cloud and accessible on the go in other Lexus Interface equipped vehicles. Once a profile is created in the Lexus App, guests can use a Bluetooth handheld device, smart key or manual login to access it.

An extension of the User Profile feature, Digital Key allows guests the ability to lock/unlock and start/stop their vehicle through their smartphone when within Bluetooth proximity. The Digital Key can be shared with up to seven additional guests, creating a seamless experience for users registered on the Lexus App.

The Lexus Interface native navigation system was designed with ease of use and functional beauty in mind. Featuring 100 percent cloud capability and integrated Google POI data, the system allows faster and more accurate directions and mapping. Over-the-air (OTA) updates offer real-time updates for mapping, and enriched media experiences. The native navigation is also available to occupants with or without a network connection. Offline mode detects when the vehicle is near or entering an area with low connectivity and downloads applicable maps and services in advance.  

For 2022, the Lexus NX also features standard wireless Apple CarPlay and Android Auto capability. Guests can charge and stream wirelessly with the new optional wireless charger which can be stowed away to maximize storage.

Enhanced Safety with All Passengers in Mind: Lexus Safety System+ 3.0

The all-new NX will come equipped with the latest Lexus Safety System+ 3.0. for additional peace of mind in certain scenarios including:

  • Risk Avoidance Emergency Steer Assist – helps support collision avoidance within the lane by providing gentle braking and steering operation.
  • Left Turn Oncoming Vehicle Detection/Braking – designed to provide a warning and automatic braking if the driver turns left in front of an oncoming vehicle.
  • Right/Left Turn Oncoming Pedestrian Detection/Braking – designed to provide a warning and automatic braking if a driver turns left or right in front of an oncoming pedestrian or cyclist.
  • Oncoming Vehicle Detection added to the Pre-Collision System – designed to alert the driver, and, potentially activate automatic emergency braking to help avoid a frontal collision.
  • Dynamic Radar Cruise Control with Curve Speed Management – maintains a cruising speed in alignment with the flow of traffic while managing speed on curves.

The following will be added to the current Lexus Safety System features for NX:

  • Road Sign Assist – displays select road sign information in the instrument panel.
  • Pre-collision System – provides the potential to detect a preceding vehicle, pedestrian or cyclist in low-light situations.
  • Lane Assistance – designed to provide an audible alert if an inadvertent lane departure is detected.
  • Intelligent High Beam- provides greater visibility for drivers with added illumination when the road ahead is clear, then temporarily switches to low beams when it detects the headlamps or taillamps of vehicles ahead.
  • Road Sign Assist – uses a built-in camera to help provide road sign information in the instrument panel or even on the available Head-Up Display. The system can also alert the driver of certain detected signs that otherwise might have been missed.

The all-new Digital Latch system enables doors to open smoothly at the touch of a button when entering or exiting the vehicle. And by scanning the environment, Safe Exit Assist alerts the driver and passengers to avoid the risk of accidental contact with vehicles and cyclists, helping ensure safe openings and closings. The new, optional Digital Mirror provides a clear view of obstacles behind the vehicle.

Illuminating the Way:  Inside and Out

The 2022 NX delivers on the brand’s well-known interior cabin noise reduction with additional updates made to reduce road noise and exterior distractions. Inside, drivers can create an oasis with nature-inspired Thematic Ambient Illumination, an optional feature that bathes the NX interior in a choice of 14 themes and 64 colors. Each has been carefully selected to express ephemeral emotions and evoke nature-inspired feelings, with themes including Rain Forest, Waterfall, and Sunset.

Newly designed standard heated front seats and optional heated rear seats add comfort throughout the cabin. Guests will also notice increased head and legroom with the adoption of the Lexus GA-K platform. Additional storage space has been added in the rear cargo area.

Interior seat and console colors include Black, Black with Rich Cream, Palomino, and Rioja Red NuLuxe. All ornamentation has been redesigned. The Stippled Black on the entry model exudes a carefully arranged dot pattern with varying density to create a sense of front-rear movement.   Black Open Pore wood adds an opulent touch to the Luxury model. Newly developed Black Prism, an advanced-looking Piano Black texture, features a three-dimensional fractal that is gradually carved more densely toward the rear so that it changes its expression with transitions of sunlight, creating a high-tech feel. 

In a first for the NX, the panoramic moonroof gives both the front and rear passengers the ability to see the sky with just the push of a button. Its smooth gliding opening and closing motion provides easy stargazing or additional airflow on a sunny day.

F SPORT Handling: Performance and Style

Available with both the turbo and PHEV powertrains, the F SPORT Handing model turns up the driving dynamics with a sporty feel that is amplified by the Active Variable Suspension (AVS), and front and rear performance dampers.  Exclusive to the F SPORT family, Dark Graphite Aluminum ornamentation, a unique meter, sport seats, a newly developed steering wheel, and aluminum pedals and scuff plates all set it apart.  With perforated interior trim in Black and Circuit Red NuLuxe, the sport-inspired materials are integrated on the seats, steering wheel and center console. The F SPORT Handling model can add the Luxury package, which brings the 14-inch touchscreen, unique headlamps and 64-color interior illumination.

A dedicated F SPORT grille and front/rear bumpers make a bold first impression. The 20-inch gloss black aluminum wheels are framed by color-key overfenders increase curb appeal and add to the sporty appearance. Topped with black roof rails and daylight opening garnishes (DLO), exclusive F SPORT colors include Ultra White, Obsidian and Ultrasonic Blue 2.0.

The all-new 2022 NX will start production in the third quarter of 2021. Pricing will be announced closer to the on-sale date.

Lexus’ passion for brave design, imaginative technology, and exhilarating performance enables the luxury lifestyle brand to create amazing experiences for its customers. Lexus began its journey in 1989 with two luxury sedans and a commitment to pursue perfection. Since then, Lexus has developed its lineup to meet the needs of global luxury customers in more than 90 countries. In the United States, Lexus vehicles are sold through 243 dealers offering a full lineup of luxury vehicles. With six models incorporating Lexus Hybrid Drive, Lexus is the luxury hybrid leader. Lexus also offers eight F SPORT models and two F performance models. Lexus is committed to being a visionary brand that anticipates the future for luxury customers.

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Note to Editors: Lexus product information and images are available online via our news media web site http://LexusNewsroom.com.

MEDIA CONTACT: Amanda Roark, (469) 292-2636, amanda.roark@lexus.com

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SOURCE Lexus


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DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That A Class Action Lawsuit Has Been Filed Against Acadia Pharmaceuticals, Inc. And Encourages Investors To Contact The Firm

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Southern District of California on behalf of investors that purchased Acadia Pharmaceuticals, Inc. (ACAD) – Get Report securities between June 15, 2020 and April 4, 2021, inclusive (the “Class Period”). Investors have until June 18, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

Acadia is a biopharmaceutical company that focuses on the development and commercialization of small molecule drugs that address unmet medical needs in central nervous system disorders. The Company is developing pimavanserin as a treatment for dementia-related psychosis and as an adjunctive treatment for schizophrenia, as well as an adjunctive treatment for major depressive disorder.

On March 8, 2021, Acadia issued a press release providing a regulatory update on the pimavanserin sNDA, disclosing “that the Company received a notification from the [FDA] on March 3, 2021, stating that, as part of its ongoing review of the Company’s [sNDA], the FDA has identified deficiencies that preclude discussion of labeling and postmarketing requirements/commitments at this time.” Acadia advised that “[t]he notification does not specify the deficiencies identified by the FDA and there has been no clarification by the FDA at this time.”

On this news, Acadia’s stock price fell $20.76 per share, or 45.35%, to close at $25.02 per share on March 9, 2021.

Then, on April 5, 2021, Acadia issued a press release announcing that the Company had received a Complete Response Letter (“CRL”) from the FDA indicating that the pimavanserin sNDA could not be approved in its current form. Specifically, the press release stated that, “the [FDA Division of Psychiatry], in the CRL, cited a lack of statistical significance in some of the subgroups of dementia, and insufficient numbers of patients with certain less common dementia subtypes as lack of substantial evidence of effectiveness to support approval.”

On this news, Acadia’s stock price fell $4.41 per share, or 17.23%, to close at $21.18 per share on April 5, 2021.

The complaint, filed on April 19, 2021, alleges that throughout the Class Period defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) the materials submitted in support of the pimavanserin sNDA contained statistical and design deficiencies; (ii) accordingly, the pimavanserin sNDA lacked the evidentiary support that the Company had led investors to believe it possessed; (iii) the FDA was unlikely to approve the pimavanserin sNDA in its present form; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

If you purchased Acadia securities during the Class Period and suffered a loss, are a long term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

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DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That A Class Action Lawsuit Has Been Filed Against Intrusion, Inc. And Encourages Investors To Contact The Firm

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Eastern District of Texas on behalf of investors that purchased Intrusion, Inc. (INTZ) securities between January 13, 2021 and April 13, 2021, inclusive (the “Class Period”). Investors have until June 15, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

On April 14, 2021, White Diamond Research published a report alleging, among other things, that Intrusion’s product, Shield, “has no patents, certifications, or insurance, which are all essential for selling cybersecurity products” and that “Shield is based on open-source data already available to the public.” Thus, the report stated that “Shield is a repackaging of pre-existing technology rather than an innovative offering.” Moreover, the report alleged that the claims that Shield “stopp[ed] a total of 77,539,801 cyberthreats from 805,110 uniquely malicious entities . . . in the 90-day beta program” were “outlandish,” leading White Diamond to question “[h]ow have these companies been able to function so far, as they’ve been attacked many times per minute by ransomware, malware, data theft, phishing and DDoS attacks?”

On this news, the Company’s share price fell $4.50, or over 16%, to close at $23.75 per share on April 14, 2021. The share price continued to decline by $3.22, or 14%, over the next trading session to close at $20.53 per share on April 15, 2021.

The complaint, filed on April 16, 2021, alleges that throughout the Class Period defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) that Intrusion’s Shield product was merely a repackaging of existing technology in the Company’s portfolio; (2) that Shield lacked the patents, certifications, and insurance critical to the sale of cybersecurity products; (3) that the Company had overstated the efficacy of Shield’s purported ability to protect against cyberattacks; (4) that, as a result of the foregoing, Intrusion’s Shield was reasonably unlikely to generate significant revenue; and (5) that, as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you purchased Intrusion securities during the Class Period and suffered a loss, are a long term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

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DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That A Class Action Lawsuit Has Been Filed Against Romeo Power, Inc. And Encourages Investors To Contact The Firm

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Romeo Power, Inc. (RMO) securities between October 5, 2020 and March 30, 2021, inclusive (the “Class Period”). Investors have until June 15, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

On February 12, 2019, RMG Acquisition Corp. (“RMG”), a New York City based special purpose acquisition company, or SPAC, announced that it closed its initial public offering of 20 million units at $10 per share, resulting in gross proceeds of $200 million.

On October 5, 2020, RMG announced a definitive agreement for a business combination with defendant Romeo that would result in Romeo becoming a publicly listed company. Upon closing of the transaction, the combined entity would be named Romeo Power, Inc. and would remain listed on the NYSE and trade under the new ticker symbol “RMO” and its warrants would trade under the new symbol “RMO.WT”.

On March 30, 2021, Romeo issued a press release and filed a report with the SEC on Form 8-K that disclosed its financial results for the quarter and year ended December 31, 2020, and conducted a conference call with investors and analysts. Defendants shocked investors by disclosing that the Company’s production had been hampered by a shortage in supply of battery cells and that its estimated 2021 revenue would therefore be reduced by approximately 71-87%.

On March 31, 2021, Romeo shares declined from a closing price on March 30, 2021 of $10.37 per share to close at $8.33 per share, a decline of $2.04 per share, or almost 20%.

The complaint, filed on April 16, 2021, alleges that unknown to investors, Romeo was suffering from an acute shortage of high quality battery cells, which are key raw materials for Romeo’s battery packs and modules, due to supply constraints. Contrary to defendants’ representations, (i) Romeo had only two battery cell suppliers, not four, (ii) the future potential risks that defendants warned of concerning supply disruption or shortage had already occurred and were already negatively affecting Romeo’s business, operations and prospects, (iii) Romeo did not have the battery cell inventory to accommodate end-user demand and ramp up production in 2021, (iv) Romeo’s supply constraint was a material hindrance to Romeo’s revenue growth, and (v) Romeo’s supply chain for battery cells was not hedged, but in fact, was totally at risk and beholden to just two battery cell suppliers and the spot market for their 2021 inventory. Given the supply constraint that Romeo was experiencing during the Class Period, defendants had no reasonable basis to represent that the Company had the ability to meet customer demand and that it would support growth in revenue in 2021.

If you purchased Romeo securities during the Class Period and suffered a loss, are a long term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

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Toyota Motor North America Introduces Next-Generation Multimedia System To Deliver Best In-Car User Experience

PLANO, Texas, June 11, 2021 /PRNewswire/ — As the need for a more personalized and intelligent in-vehicle experience continues to grow and be a driving force behind vehicle selection, Toyota Motor North America (TMNA) is proud to unveil a new multimedia solution delivering an exceptional in-car user experience.

Developed in North America As a result of listening to customers’ requests and anticipating their future desires, TMNA turned its focus in-house to develop a superior solution. With the philosophy of One Toyota in mind, the formation of the Connected Technologies group took shape in 2018. The new group aimed to unify customer experience, in-vehicle technology, value chain and connected revenue process – functions previously scattered across the organization. Connected Technologies invested in the expansion by building an agile, cross-functional team of more than 400 dedicated team members and business partners. From the outset, the team began development of solutions that would meet and exceed customer needs and deliver amazing and personal connected experiences.

“With the new multimedia system, we focused on the needs and wants of the customer and what would enable a more seamless and enjoyable experience on the road,” said Charan Lota, executive chief engineer and vice president at TMNA Connected Technologies. “We brought multiple groups from electrical engineering to software development and business planning together into one team with one common goal – enhancing the in-vehicle experience.”

The significantly advanced technological solution represents true collaboration across the TMNA Connected Technologies group as well as with teams from partner companies Toyota Connected and Toyota Motor Corporation – involving hundreds of team members working over the course of three years while devoting thousands of hours to testing.

“The development of this new system represents a fundamental shift in the way we design products,” said Daniel Hall, global chief UX designer, TMNA Connected Technologies. “With the adoption of over-the-air (OTA) updates we are able to develop software in smaller, more manageable pieces – with the ability to provide updates to customers even quicker.”

Enhanced Technologies and User Experience

The new system features multiple touchscreen options from 8- inches up-to 14-inches, which all feature the same newly enhanced design cues and functionality, while retaining a volume knob. The system also offers five-times the processing power of the previous generation system, an incredible leap in processing capability that provides faster and more responsive touch functionality. All screens feature modern designs with optically bonded, glare reducing technology allowing a customer experience that mirrors smartphone-like capability.

An all-new native navigation system featuring 100% cloud capability allows faster, more accurate directions and mapping. OTA updates will allow real-time updates for navigation mapping, enriched media experiences and other enhancements across the system’s lifetime.

The new Human Machine Interface (HMI) provides an enhanced user interaction through sight, touch and voice thanks to improvements in the graphical user interface (GUI), voice interface and unique North American animation. It delivers a unified feeling and ease of use, while balancing accessibility needs. Additionally, the voice interface is designed to use advanced graphics to distinguish between listening and processing states, and the appearance matches the new and improved capability of cloud processing. Another significant advancement is the animation incorporated into this multimedia solution, which brings it to life. These unique, leading designs can be seen everywhere from interacting between functions, sliding menus and dropdown banners.

Whether selecting from AM or FM, standard SiriusXM® stations or connected streaming music sources, such as Apple Music® or Amazon Music®, the audio HMI is also significantly improved. Occupants can now select from available music sources based on music genre or frequent preference. AM and FM station dial numbers are displayed along with logos when available. Sourcing information from the cloud, the native music system is always up to date and features enhanced programming details. Speaking of connected sources, the new multimedia system now brings standard wireless Apple CarPlay® and Android Auto™ compatibility.

Structured with a customer first approach, the newly developed Virtual Assistant (VA) is intended to be the primary way occupants interact with the new multimedia system and is designed to enable a voice first application. Combining a hybrid developed structure of in-house Toyota Connected engineered machine learning with a cloud-based platform featuring up to date content, VA aims to provide a natural and easy to use interaction for vehicle occupants. Designed with dual-microphones, enhanced noise-cancellation, speaker location and seat detection capabilities, the approach allows front seat occupants an expanded and interactive functionality to access navigation, media, phone and select vehicle settings.

In the age of digital transformation in mobility, having a more personalized experience that moves from vehicle to vehicle with the driver is essential. Through the new multimedia system’s User Profile feature, the driver’s personalized settings and experience, from preferred media or radio station to climate settings in some models, will be retained and accessible when the driver next returns to the vehicle.

Key Features of the New Multimedia Solution*:

  • Enhanced Navigation– The updated navigation system brings a beautiful design, trusted sources and the Virtual Assistant together to create a customer-first solution. It allows drivers and passengers to use the voice-activated commands or touchscreen to search for directions, find points of interest or explore local businesses – Google points of interest (POI) data is integrated to ensure up-to-date search capability. Navigation is also available to passengers with or without network connection, with offline mode designed to detect when the vehicle is near or entering an area with low connectivity and download applicable maps and services in advance.
  • Virtual Assistant (VA) –VA provides a natural and easy-to-use virtual companion that enhances the traditional voice command system thus providing the vehicle occupant with an industry leading native VA native engine and a revolutionary way to interact through a voice-first approach. Voice recognition with natural language understanding enables driver interactions with their vehicle that are more advanced and personalized than ever before. With simple wake up phrases such as “Hey/Hi/Hello/OK” to make connection simple and seamless. Intuitive and natural VA responses allow for audible replies by the vehicle occupant creating a human-like conversation experience.
  • User Profiles-To help improve the user’s overall driving experience, a user will receive the same personalized settings in new vehicles making it portable from vehicle to vehicle. The new profile system is stored on the cloud, meaning users can access and take their experiences on the go with them across vehicles featuring the new multimedia system. Once created, users can use a Bluetooth handheld device such as a smartphone or tablet, smart key, or manual login to access their profile.
  • Digital Key –To make road trips even more convenient, vehicles equipped with this new system enable owners access to a digital key. An extension of the User Profile feature, through their smartphone when within Bluetooth proximity to the vehicle, owners can lock/unlock and start/stop their vehicle motor through the Toyota or Lexus App. The digital key can also be shared with up to seven different guest users at one time. No passwords or PINS are required, creating a seamless guest experience for users registered on the Toyota or Lexus App.
  • Over the Air (OTA) –By placing less dependence on third-party suppliers and through the adoption of agile development processes and Over the Air (OTA) program updates, which enable cloud-based upgrades to in-vehicle software in real-time, the team was able to develop a system that gives drivers and passengers what they want in record time.
  • Safety Connect –Provides peace of mind for when unexpected emergencies occur by connecting drivers with a 24/7 emergency response agent who can quickly request dispatch of emergency services to a vehicle’s exact location or assist authorities in locating a stolen vehicle.
  • Service Connect – Drivers receive personalized maintenance updates, vehicle health reports and maintenance reminders to help them maintain their vehicle through various subscriptions available on the smartphone App.

“With this new system we are jumping into the future, from larger touchscreens up to 14 inches to having a 100% cloud-navigation for more accurate and faster directions, we are thrilled to deliver this amazing and connected experience to our Toyota and Lexus guests,” said Steve Basra, group vice president, TMNA Connected Technologies.  “We want all of our customers to experience this in-vehicle advancement, and that is why this system will eventually be offered across our vehicle line-up – regardless of screen size or model grade. This is another first in company history.”

The new system will make its debut as Lexus Interface multimedia system with the launch of the all-new Lexus NX in the fourth quarter of 2021. An all-new Toyota multimedia system will debut in the fourth quarter of 2021, with more information available closer to launch.

*Certain features include a trial period at no extra cost upon original date of new vehicle purchase or lease. After the trial period ends, a paid subscription is required. More detail on trial-periods and subscription-based features will be available at the on-sale date.

Android Auto is a trademark of Google LLC.

About Toyota Toyota (TM) – Get Report has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships. 

Toyota has created a tremendous value chain and directly employs more than 36,000 in the U.S. The company has contributed world-class design, engineering, and assembly of more than 30 million cars and trucks at our 9 manufacturing plants, 10 including our joint venture in Alabama that begins production in 2021.

To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at www.TourToyota.com with an immersive experience and chance to visit many of our U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more. For more information about Toyota, visit www.toyotanewsroom.com.

About Toyota Connected, Inc.Based in Plano, Texas, Toyota Connected North America (TCNA) was established in 2016 to drive Toyota’s global efforts for an intelligent mobile society. With big data collected from vehicles and analyzed on a cloud platform, Toyota Connected humanizes the driving experience by providing customers secure, seamless and contextual services, elevating the customer experience while benefitting dealers, distributors, and partners. At the heart of TCNA is Toyota’s belief in human-centered mobility and a fundamental commitment to personal privacy.

Contact Information: Corey Proffitt646-971-4522 Corey.Proffitt@toyota.com

View original content to download multimedia: http://www.prnewswire.com/news-releases/toyota-motor-north-america-introduces-next-generation-multimedia-system-to-deliver-best-in-car-user-experience-301311134.html

SOURCE Toyota Motor North America


Read more: Toyota Motor North America Introduces Next-Generation Multimedia System To Deliver Best In-Car User Experience

Smart Plug Market To Grow By Almost $ 14 Billion During 2021-2025 | Technavio

NEW YORK, June 10, 2021 /PRNewswire/ -Technavio has been monitoring the smart plug market and it is poised to grow by USD 13.99 billion during 2020-2024, progressing at a CAGR of almost 30% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Request a Free sample report

Frequently Asked Questions:

  • Based on segmentation by technology, which is the leading segment in the market?Based on the technology, the market witnessed maximum growth in the early majority segment in 2019.
  • What are the major trends in the market?The increasing demand for smart homes and the development of smart cities is the major trend in the market.
  • At what rate is the market projected to grow?The market is projected to grow at a CAGR of almost 30% during the forecast period.
  • Who are the top players in the market?Belkin International Inc., D-Link Corp., EDIMAX Technology Co. Ltd., Etekcity Corp., Insteon, iSmart Alarm Inc., Leviton Manufacturing Co. Inc., Panasonic Corp., SDI Technologies Inc., and TP-Link Technologies Co. Ltd. are the top players in the market.
  • What is the key market driver?The market is driven by the high demand for remote access to appliances.
  • How big is the North American market? North America dominated the market with a 33% share in 2019.

Related Reports on Consumer Discretionary Include:

Global Smart Doorbell Camera Market – Global smart doorbell camera market is segmented by product (stand-alone and integrated) and geography ( North America, Europe, APAC, South America, and MEA). Request a Free Sample Report

Global Soundbar Market – Global soundbar market is segmented by application (music players, TV sets, and computers) and geography ( North America, Europe, APAC, South America, and MEA). Request a Free Sample Report

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Belkin International Inc., D-Link Corp., EDIMAX Technology Co. Ltd., Etekcity Corp., Insteon, iSmart Alarm Inc., Leviton Manufacturing Co. Inc., Panasonic Corp., SDI Technologies Inc., and TP-Link Technologies Co. Ltd. are some of the major market participants. The high demand for remote access to appliances will offer immense growth opportunities for the market vendors. In a bid to help players strengthen their market foothold, this smart plug market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Smart Plug Market 2020-2024: Segmentation

Smart Plug Market is segmented as below:

  • Technology
    • Early Majority
    • Innovator
    • Early Adopters
  • End-user
    • Residential
    • Commercial
  • Geography
    • North America
    • Europe
    • APAC
    • MEA
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43229

Smart Plug Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The smart plug market report covers the following areas:

  • Smart Plug Market Size
  • Smart Plug Market Trends
  • Smart Plug Market Industry Analysis

This study identifies the increasing demand for smart homes and the development of smart cities as one of the prime reasons driving the Smart Plug Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports.  Technavio’s SUBSCRIPTION platform

Smart Plug Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist smart plug market growth during the next five years
  • Estimation of the smart plug market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart plug market across North America, Europe, APAC, MEA, and South America
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart plug market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Technology

  • Market segments
  • Comparison by Technology
  • Early majority – Market size and forecast 2019-2024
  • Innovator – Market size and forecast 2019-2024
  • Early adopters – Market size and forecast 2019-2024
  • Market opportunity by Technology

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Residential – Market size and forecast 2019-2024
  • Commercial – Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Belkin International Inc.
  • D-Link Corp.
  • EDIMAX Technology Co. Ltd.
  • Etekcity Corp.
  • Insteon
  • iSmart Alarm Inc.
  • Leviton Manufacturing Co. Inc.
  • Panasonic Corp.
  • SDI Technologies Inc.
  • TP-Link Technologies Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio Research Jesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.com Website: www.technavio.com/ Report: www.technavio.com/report/smart-plug-market-industry-analysis

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SOURCE Technavio


Read more: Smart Plug Market To Grow By Almost $ 14 Billion During 2021-2025 | Technavio

Thundercomm Strengthens Its Product Line-up By Introducing New Product, A Cost-effective Choice For Industrial Applications

BEIJING, June 10, 2021 /PRNewswire/ — Thundercomm, a world-leading IoT product and solution provider, introduces its new product: TurboX CM2290/C2290 SOM (System On Module), which is purpose-built for intelligent products such as retail point-of-sale (POS), industrial handheld, and tracking and camera applications, to help customers to reduce cost and time to market throughout their product development.

“Thundercomm has years of experience in the fields of AI and IoT. We have created many helpful tools for our clients. The TurboX CM2290/C2290 SOM is the latest outcome,” said Hiro Cai, CEO, Thundercomm. “This new product provides a more cost-efficient alternative to clients, meanwhile enable a better developing experience. In future, We will continue our efforts on new products research and come out with more outstanding products for customers across the world.”

TurboX CM2290/C2290 SOM

The CM2290/C2290 SOM is designed based on the Qualcomm QCM2290/QCS2290 platform, which is the upgrade of Qualcomm MSM8909 and QCM2150 and features on reliable performance, power-conservation with LTE connectivity plus upgraded memory support and low power consumption. It brings high-value features to entry-tier devices, delivering greater performance, higher graphics capabilities, better quality images, and improved power performance. The form factor of the module is 35mm*35mm (C2290) and 51mm*35mm (CM2290) LGA package. It is an ideal platform for both industrial and consumer applications requiring high rate multimedia function.

Besides, Thundercomm also introduced TurboX C865 SOM a few days ago. This product is a small size (45mm x 56mm), production ready, pre-certified(CE, FCC, ROHS)module, powered by 7nm Qualcomm premium-tier processor QCS8250, supports SA/NSA dual mode 5G network with Thundercomm T55 module via PCIE interface.

About Thundercomm

Thundercomm, headquartered in San Diego, is a joint venture between ThunderSoft and Qualcomm. Thundercomm was established to accelerate innovation in the Internet of Things and automotive industry, providing one-stop solutions powered by Qualcomm Technologies. Through its capabilities in operating systems including Android, Linux, and others, abroad software and on-device AI technology portfolio acquired from ThunderSoft, and a global sales and support network, Thundercomm is a valuable and trusted partner to global customers aiming to build high-quality, next-generation products and shorten time-to-commercialization. Learn more at www.thundercomm.com

View original content: http://www.prnewswire.com/news-releases/thundercomm-strengthens-its-product-line-up-by-introducing-new-product-a-cost-effective-choice-for-industrial-applications-301310679.html

SOURCE Thundercomm


Read more: Thundercomm Strengthens Its Product Line-up By Introducing New Product, A Cost-effective Choice For Industrial Applications

JAWS Hurricane Acquisition Corporation Announces Pricing Of Upsized $275 Million Initial Public Offering

MIAMI BEACH, Fla., June 10, 2021 /PRNewswire/ — JAWS Hurricane Acquisition Corporation (the “Company”), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, today announced the pricing of its upsized initial public offering of 27,500,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Capital Market, or Nasdaq, and trade under the ticker symbol “HCNEU” beginning June 11, 2021. Each unit consists of one share of Class A common stock of the Company and one-fourth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “HCNE” and “HCNEW,” respectively.

Led by Chairman Barry S. Sternlicht and Chief Executive Officer Matthew Walters, JAWS Hurricane Acquisition Corporation expects to focus on consumer technology and related technology businesses with attractive growth-oriented characteristics and strong underlying demand drivers and with all or a substantial portion of activities in North America.

Credit Suisse Securities ( USA) LLC and J.P. Morgan Securities LLC are serving as the joint book-running managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,125,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Credit Suisse Securities ( USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, Telephone: 1-800-221-1037, email: usa.prospectus@credit-suisse.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: 1-866-803-9204; email: prospectus-eq_fi@jpmchase.com.

Registration statements relating to the securities became effective on June 10, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is expected to close on June 15, 2021, subject to customary closing conditions.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View original content: http://www.prnewswire.com/news-releases/jaws-hurricane-acquisition-corporation-announces-pricing-of-upsized-275-million-initial-public-offering-301310678.html

SOURCE Jaws Hurricane Acquisition Corp.


Read more: JAWS Hurricane Acquisition Corporation Announces Pricing Of Upsized 5 Million Initial Public Offering

Islamic Banking Software Market To Grow By $ 461.83 Mn During 2020-2024 | Rising Adoption Of Cloud-based Services To Boost Growth | Technavio

NEW YORK, June 10, 2021 /PRNewswire/ —

Technavio has been monitoring the Islamic banking software market and it is poised to grow by USD 461.83 million during 2020-2024, progressing at a CAGR of over 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Request a Free sample report  

Frequently Asked Questions:

  • Based on segmentation by application, which is the leading segment in the market?Based on the application, the market saw maximum growth in the retail segment in 2019.
  • What are the major trends in the market?The rising adoption of cloud-based services is the major trend in the market.
  • At what rate is the market projected to grow?The market is projected to grow at a CAGR of over 13% during the forecast period.
  • Who are the top players in the market?ICS Financial Systems Ltd., Infosys Ltd., International Turnkey Systems Group, Nucleus Software Exports Ltd., Oracle Corp. Path Solutions K.S.C.C., SAB Sopra Steria Group, Tata Consultancy Services Ltd., and Temenos AG are the major players in the market.
  • What are the key market drivers and challenges?The market is driven by the distribution of smart cards by banks. However, the lack of expertise might hinder the growth.
  • How big is the MEA market?The MEA dominated the market with a 54% share in 2019.

Related Reports on Information Technology Include:

Global Loan Servicing Software Market – Global loan servicing software market is segmented by deployment (cloud-based and on-premise) and geography (APAC, Europe, MEA, North America, and South America). Request a Free Sample Report

Global E-invoicing Market – Global e-invoicing market is segmented by end-user (B2B and B2C) and geography ( Europe, APAC, North America, South America, and MEA). Request a Free Sample Report

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ICS Financial Systems Ltd., Infosys Ltd., International Turnkey Systems Group, Nucleus Software Exports Ltd., Oracle Corp. Path Solutions K.S.C.C., SAB Sopra Steria Group, Tata Consultancy Services Ltd., and Temenos AG are some of the major market participants. Although the distribution of smart cards by banks will offer immense growth opportunities, the lack of expertise is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this Islamic banking software market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Islamic Banking Software Market 2020-2024: Segmentation

Islamic Banking Software Market is segmented as below:

  • Application
    • Retail
    • Corporate
    • Others
  • Region
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43088

Islamic Banking Software Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The Islamic banking software market report covers the following areas:

  • Islamic Banking Software Market Size
  • Islamic Banking Software Market Trends
  • Islamic Banking Software Market Industry Analysis

This study identifies the rising adoption of cloud-based services as one of the prime trends driving the Islamic Banking Software Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports.  Technavio’s SUBSCRIPTION platform

Islamic Banking Software Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist Islamic banking software market growth during the next five years
  • Estimation of the Islamic banking software market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the Islamic banking software market across APAC, Europe, MEA, North America, and South America
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Islamic banking software market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Retail – Market size and forecast 2019-2024
  • Corporate – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • MEA – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ICS Financial Systems Ltd.
  • Infosys Ltd.
  • International Turnkey Systems Group
  • Nucleus Software Exports Ltd.
  • Oracle Corp.
  • Path Solutions K.S.C.C.
  • SAB
  • Sopra Steria Group
  • Tata Consultancy Services Ltd.
  • Temenos AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio Research Jesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.com Website: www.technavio.com/ Report: www.technavio.com/report/islamic-banking-software-market-industry-analysis

View original content to download multimedia: http://www.prnewswire.com/news-releases/islamic-banking-software-market-to-grow-by–461-83-mn-during-2020-2024–rising-adoption-of-cloud-based-services-to-boost-growth–technavio-301310568.html

SOURCE Technavio


Read more: Islamic Banking Software Market To Grow By $ 461.83 Mn During 2020-2024 | Rising Adoption Of Cloud-based Services To Boost Growth | Technavio

Agree Realty Announces Pricing Of Common Stock Offering

BLOOMFIELD HILLS, Mich., June 10, 2021 /PRNewswire/ — Agree Realty Corporation (ADC) – Get Report (the “Company”) today announced that it has priced an underwritten public offering of 4,000,000 shares of its common stock for expected gross proceeds of approximately $286 million, before deducting estimated offering expenses. The closing of the offering is expected to occur on or about June 15, 2021, subject to the satisfaction of customary closing conditions. In connection with the offering, the Company expects to grant the underwriter a 30-day option to purchase up to an additional 600,000 shares of common stock.

The Company intends to use the net proceeds of the offering to reduce amounts outstanding under its revolving credit facility, to fund property acquisitions and development activity, for working capital and for general corporate purposes.

Citigroup is acting as the sole underwriter for the offering.

Copies of the prospectus supplement and accompanying prospectus relating to this offering, when available, may be obtained by contacting: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146).

The shares of common stock are being offered by the Company pursuant to an effective shelf registration statement on Form S-3 (File No. 333-238729) and related prospectus which was filed by the Company on May 27, 2020 with the Securities and Exchange Commission (“SEC”) and was automatically effective upon filing, and was amended by post-effective amendments no. 1 and no. 2 filed with the SEC on August 12, 2020 and May 5, 2021, respectively. The offering of the securities will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the securities being offered will be filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Agree Realty Corporation

Agree Realty Corporation is a publicly traded real estate investment trust that is RE THINKING  RETAILthrough the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants.  As of March 31, 2021, the Company owned and operated a portfolio of 1,213 properties, located in 46 states and containing approximately 24.2 million square feet of gross leasable area.  The Company’s common stock is listed on the New York Stock Exchange under the symbol “ADC”.  For additional information on the Company and RE THINKING  RETAIL, please visit www.agreerealty.com.   

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws, including statements about the terms and size of the offering, the intended use of proceeds from the offering, if any, that represent the Company’s expectations and projections for the future. No assurance can be given that the offering discussed above will be completed on the terms described or at all, or that the net proceeds of the offering will be used as indicated. Although these forward-looking statements are based on good faith beliefs, reasonable assumptions and the Company’s best judgment reflecting current information , you should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could materially affect the Company’s results of operations, financial condition, cash flows, performance or future achievements or events. Currently, one of the most significant factors, however, is the potential adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the financial condition, results of operations, cash flows and performance of the Company and its tenants, the real estate market and the global economy and financial markets. The extent to which COVID-19 impacts the Company and its tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic effects of the pandemic and containment measures, among others. Moreover, investors are cautioned to interpret many of the risks identified in the risk factors discussed in the Company s Annual Report on Form 10-K for the year ended December 31, 2020 and other SEC filings, as well as the risks set forth below, as being heightened as a result of the ongoing and numerous adverse impacts of COVID-19. Additional important factors, among others, that may cause the Company s actual results to vary include the general deterioration in national economic conditions, weakening of real estate markets, decreases in the availability of credit, increases in interest rates, adverse changes in the retail industry, the Company s continuing ability to qualify as a REIT and other factors discussed in the Company s reports filed with the SEC. The forward-looking statements included in this press release are made as of the date hereof. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, changes in the Company’s expectations or assumptions or otherwise.

For further information about the Company’s business and financial results, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of the Company ‘s SEC filings, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, copies of which may be obtained at the Investor Relations section of the Company’s website at www.agreerealty.com.    

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SOURCE Agree Realty Corporation


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