#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,
Delta, BC – September 5, 2019 - 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.
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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