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Tag: Technologies

L3 Technologies gets order for night vision equipment

L3 Technologies gets order for night vision equipment

Business
Dec. 20 (UPI) -- L3 Technologies is to provide night vision equipment to an unidentified international customer for border security and defense applications.The order, worth about $ 150 million, includes binocular night vision goggles, holographic weapon sights, light weapon thermal sights and advanced target pointer illuminator aiming lasers."We are focused on building new relationships and these next-generation capabilities ensure that our international allies receive the best technology, equipment and training available," Christopher E. Kubasik, L3's president and chief operating officer, said in a press release."L3 continues to invest in promising new soldier technologies, such as fusion and augmented reality, to meet the needs of our domestic and international customers today and into...
Logos Technologies gets DARPA contract for SilentHawk motorcycle

Logos Technologies gets DARPA contract for SilentHawk motorcycle

Business
Sept. 15 (UPI) -- Logos Technologies is receiving a second Phase 2 contract from the Defense Advanced Research Projects Agency for the development of the SilentHawk hybrid electric motorcycle.The motorcycle combines a RedShift MX racing bike produced by Alta Motors with a front-wheel drive system and range extender developed by Logos. It is designed to produce minimum engine noise for use by soldiers behind enemy lines."In 'silent' mode, when the range-extension genset is off, SilentHawk is about as loud as a normal office conversation," said Dale Turner, SilentHawk program manager."When the rider is out of harm's way, and the range-extension system is engaged to charge the motorcycle's propulsion battery and to provide auxiliary power for equipment, it's still only as loud a vacuum cleane...
Technologies like A.I., blockchain and drones ‘majorly’ disrupting insurance industry, report says

Technologies like A.I., blockchain and drones ‘majorly’ disrupting insurance industry, report says

Finance
Insurance firms are facing increasing competitive pressure on all fronts due to the emergence of a number of insurance technology (insurtech) start-ups, according to a report.With the integration of technologies like artificial intelligence, blockchain and drones entering the insurance mix, the sector is being forced to rethink its model.The World Insurance Report, published Wednesday by consulting giant Capgemini and non-profit industry body Efma, found that nearly one third (31.4%) of customers relied on insurtech solutions - either exclusively or in combination with an established insurance company."Customers are seeking more digital touch points for convenience, as customers experience in their daily lives that degree of personalization," Keith Webb, vice president at Capgemini and co-...