IoTNews

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ADI welcomes Rich Puccio as chief financial officer

Analog Devices, Inc. has announced that Richard C. Puccio, Jr. will join the company on February 5, 2024 as executive vice president and chief financial officer. In this role, Mr. Puccio will set ADI’s financial strategy and lead the company’s global finance operations. Mr. Puccio will report to CEO and chair Vincent Roche.

​“Rich brings tremendous experience and capability from his more than three decades of leading financial advisory and high-growth business operations activities in complex technology sectors, and this makes him a great addition to ADI’s leadership team. We welcome Rich’s sharp business acumen to enable ADI to accelerate the effectiveness of our operations in a world of increasing opportunity and complexity,” said Vincent Roche, ADI’s CEO and chair. “I would also like to thank Jim Mollica for his partnership and contribution as interim CFO, and I look forward to Jim’s continued leadership in ADI’s finance organization.”

Mr. Puccio joins ADI from Amazon Web Services (AWS) where he served as CFO. In his role at AWS, Mr. Puccio partnered closely with the business to manage more than 200 fully featured services, including compute, storage, databases, robotics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile and security, among many other technologies. Prior to his role at AWS, Mr. Puccio was at PricewaterhouseCoopers (PwC) for nearly 29 years, where he served as a partner for over two decades. During his tenure at PwC, Mr. Puccio primarily served clients in the global technology, semiconductor and semiconductor capital equipment industries.

“With its innovative spirit, amazing talent and dedication to enriching lives and the world around us, ADI has exceptionally strong growth potential. I’m delighted to be joining ADI as the company’s new CFO and look forward to bringing my digital, software, and platform experience to the company as we play an increasingly important role in creating the Intelligent Edge and driving new levels of shareholder value,” said Richard C. Puccio.

Richard Puccio earned his AB in Economics from Harvard University and his MBA from Boston University.

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January 26, 2024

Posted by: Magda Dabrowska

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Flowfinity boosts integration capabilities for operational intelligence

Flowfinity has announced enhanced capabilities of its platform to integrate systems so clients can better manage data accessibility for operational intelligence and situational awareness. (more…)

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January 25, 2024

Posted by: Magda Dabrowska

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Successful field test extends Wi-Fi HaLow signals over challenging terrain

Morse Micro has announced a live demonstration of Wi-Fi Certified HaLow technology, showcasing its ability to extend up to three kilometres (nearly two miles). The field test took place in San Francisco’s Ocean Beach neighbourhood and aimed to highlight the long-range capabilities of sub-GHz Wi-Fi HaLow signals in challenging real-world conditions. (more…)

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January 24, 2024

Posted by: Magda Dabrowska

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China Unicom Inner Mongolia transforms villages with digital infrastructure

In China’s autonomous region of Inner Mongolia, China Unicom Inner Mongolia has been making significant efforts to build digital villages, to vitalise the local economy and enhance the lives of residents. Collaborating with Huawei and other partners, the telecom operator has expedited the development of digital information infrastructure, using advanced technologies to drive the transformation of these villages. As a result, local residents have experienced numerous benefits from these initiatives. (more…)

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January 23, 2024

Posted by: Magda Dabrowska

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Netmore and Danfoss Leanheat collaborate for energy savings in Sweden

Netmore Group has formed a partnership with the Danfoss business unit Leanheat to enhance energy efficiency in properties throughout Sweden. By leveraging Netmore’s LoRaWAN technology, the collaboration aims to achieve significant energy savings of 20-25%. The focus is on optimising energy consumption and reducing waste in buildings.

Targeting energy efficiency with LoRaWAN Solutions

The partnership between Netmore and Danfoss aims to enhance the energy management of Swedish properties. Utilising temperature and humidity sensors together with Danfoss Leanheat’s AI-supported software, the initiative is expected to contribute to reducing energy consumption in the involved properties, with the potential for 20-25% energy savings.

Strategic sensor deployment for energy management

Danfoss Leanheat’s approach includes the option of installing sensors in apartments for detailed energy usage data, although it is not mandatory for the functionality of the system. Danfoss has, together with Netmore, added more than 2,000 sensors to Netmore’s network in a short period and more are on the way. This deployment remains a key component in achieving the projected energy savings.

Beyond immediate energy efficiency improvements, this partnership sets the foundation for future exploration of additional use cases. By reducing energy consumption in heating and ventilation, this collaboration promotes environmental sustainability as well as offers financial benefits to property owners. It contributes to more sustainable and efficient property management practices, aligning with long-term goals of both cost savings and environmental responsibility.

“Establishing a robust and secure technical network is essential for connected property management,” Maria Gihlström, a sales manager at Danfoss Digital Services, said. “Our partnership with Netmore is crucial in developing a digital infrastructure that supports interconnected systems and sensors, providing a comprehensive solution for digital energy optimisation. Our goal is to offer property owners real-time data insights to enhance sustainability and efficiently manage energy consumption.”

Eric Collinder, a country manager for Nordics at Netmore Group AB, said, “Partnering with Danfoss represents an important step in the connected real estate sector. We are pleased that our LoRaWAN-enabled connectivity, which is focused on operational efficiency, forms a key part of Danfoss’s energy management solutions. This collaboration underlines our commitment to providing technology that supports effective digitisation in the real estate industry.”

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January 22, 2024

Posted by: Magda Dabrowska

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ABB acquires majority of Meshmind to boost R&D capabilities in AI and IoT

ABB announced that it has agreed to acquire a majority of software service provider Meshmind to expand its research and development (R&D) capabilities in AI, Industrial IoT and machine vision. Through this acquisition, ABB will integrate engineering talent, AI and software knowledge to form a new global R&D hub to further accelerate the development of automation solutions within its Machine Automation division (B&R). The deal will focus on industries such as logistics and manufacturing. (more…)

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January 19, 2024

Posted by: Magda Dabrowska

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Xalient customer Abode receives recognition for Abode Edge Camera

Xalient customer Abode has been recognised for their new product, the Abode Edge Camera. Xailient AI runs inside the Abode Edge Camera, watching for anomalies like package deliveries or strangers on the premises and screening out normal activity like family or natural motion that can confuse less advanced cameras. (more…)

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January 18, 2024

Posted by: Magda Dabrowska

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Sims Limited achieves top sustainability ranking on Global 100 Index

Sims Limited has emerged as 2024’s most sustainable corporation on Corporate Knights’ Global 100 index. This is the company’s tenth and highest ranked inclusion on the list. (more…)

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January 17, 2024

Posted by: Magda Dabrowska

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Cellhire appoints ex-Vodafone IoT leader Tony Guerion as CEO

Cellhire has announced the appointment of Tony Guerion as its new CEO. Guerion will join Cellhire at the start of February bringing with him over 27 years of experience in business leadership and management in the communications industry. Guerion joined Vodafone in 2010 and rose to become Global Head of Sales for IoT in 2016. (more…)

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January 16, 2024

Posted by: Magda Dabrowska

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Fedrigoni Group invests in IoT firm SharpEnd for innovation boost

The Fedrigoni Group has acquired a minority stake in SharpEnd/io.tt, an IoT solutions and consulting company led by Cameron Worth, the CEO and founder. This acquisition was made through a capital increase and is part of Fedrigoni’s new corporate venture capital program. (more…)

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January 15, 2024

Posted by: Magda Dabrowska