Fintech PR
T-Worx, Army develop weaponry to equip soldiers with artificial intelligence, real-time integrated data
Reading Time: 3 minutes
T-Worx Holdings, LLC, a product innovation company, announced it will support the contractors chosen and announced by the Army today to develop weapons for the Next Generation Squad Weapons (NGSW) program.
T-Worx is currently the only approved vendor for the U.S. Army’s Picatinny Smart Rail, synonymous with the T-Worx Intelligent Rail® platform (I-Rail®). The platform is included as a threshold requirement for the Army’s NGSW Rifle and Automatic Rifle. As part of the Army’s down-select process announced today, T-Worx supported the Original Equipment Manufacturers that submitted proposals for the NGSW earlier this year. The manufacturers selected by the Army (General Dynamics-OTS Inc., AAI Corporation Textron Systems, and Sig Sauer Inc.) will produce these intelligent weapons for final evaluation and selection of one company to field the NGSW weapons in 2022.
A culmination of a 10-year relationship with the Army, the T-Worx I-Rail brings networked lethality with integrated power and data to the soldier weapon. The U.S. Department of Defense will begin funding the NGSW program with the FY20 budget in a 10-year procurement program expected to produce at least 250,000 soldier weapons that are intended to replace the existing M4 carbine and the M249 squad automatic weapon. The initial five year R&D budget supporting the NGSW and the NGSW-Fire Control exceeds $370MM, with an estimated $1.5B expected to field the 250,000 NGSW systems.
As a required enabling technology, T-Worx achieved a huge milestone for the Army’s modernization priorities while also reaching rare Phase III SBIR funding for its I-Rail that can increase soldier lethality, survivability, and operational effectiveness. A SBIR success story, T-Worx combined private investment with SBIR funding to further its intellectual property and enhance its data capabilities.
“The Army is facing a culture shift for quickly equipping our service members with modernized weaponry. The I-Rail helps the Army achieve a networked battlefield. T-Worx is engineering the most innovative products to meet the demands of an evolving battlespace. We are thrilled with the creation and progress of Army Futures Command working together with industry and the military to modernize our force more efficiently – a key factor in maintaining overmatch against potential adversaries,” said Don McLaughlin, President, T-Worx Holdings, LLC.
The Rail Operating SystemTM
A solution for soldiers to lighten their load by carrying less batteries and connecting all devices mounted on their weapons, the T-Worx’s smart weapon technology is a critical component for future warfare. Its Rail Operating System (ROS
), a software product combined with the I-Rail platform, fits with weapons produced by multiple manufacturers and enables soldiers to connect their weapons with the battlefield network and command centers.
The core ROS platform is what companies are using to develop apps and accessories that connect various sensors and enablers to the I-Rail. The possibilities of data and power are significantly enhanced by the ROS that collects and streams data for commanders to process and use to make intelligent decisions and to execute simultaneous and sequential operations.
Artificial Intelligence and Why Smart Weapons Matter
T-Worx Advisor, Retired Gen. John Campbell, former Army Vice Chief of Staff, says, “The capability that this technology brings to the soldier on the ground is absolutely game changing. The Intelligent Rail will help overcome the erosion in close combat overmatch and capitalize on advancing technologies to increase performance at range. Integrating both squad fire control systems and this rail design will enable better situational awareness and increased lethality. We owe the very best equipment available to our men and women.”
Dismounted soldier equipment such as the I-Rail gives soldiers and warfighters the advantage of fighting intelligently. “Regardless of weapon platform, the I-Rail is the staple that will give commanders real-time information to exploit and penetrate enemy weaknesses. Throughout the I-Rail development process we knew the military needed a technology that addressed threats, not only capabilities. This forward thinking technology supports the U.S. Army Multi-Domain Operations, 2028,” notes McLaughlin.
T-Worx’s technology solution enables small arms to reach new thresholds by packaging multiple pieces of equipment into one integrated network that gives soldiers and commanders a more comprehensive picture of the battlefield. Beyond weapons, the integrated and real-time data leads to modernized, mission-ready soldiers and helps ensure that the U.S. remains the leading global force.
SOURCE T-Worx Holdings, LLC
Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
The post Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets appeared first on .
LIMASSOL, Cyprus , Nov. 15, 2024 /PRNewswire/ — Doo Group is proud to announce that Doo Financial, one of its brands, has been awarded a new license by the Cyprus Securities and Exchange Commission (CySEC). This achievement strengthens Doo Group’s commitment to providing a secure and regulated trading environment for its clients globally.
Expanding Regulatory Reach
The addition of the CySEC license highlights Doo Group’s extensive regulatory framework, which already spans across multiple financial jurisdictions, including the United Kingdom, Australia, Hong Kong and Malaysia. This strategic milestone reflects Doo Group’s dedication to ensuring compliance with international regulatory standards and prioritizing client security. As a European Supervisory Authority, CySEC offers a robust regulatory environment and is expected to enhance client confidence. For Doo Group, this new regulatory milestone reinforces its reputation as a trusted, reliable financial services provider.
“Acquiring the new license from CySEC is a significant milestone for Doo Financial, marking a key step in our ongoing growth and strategic expansion. This achievement not only reinforces our commitment to maintaining the highest standards of regulatory excellence but also solidifies our position as a trusted, reliable financial institution within Europe. By aligning with CySEC’s rigorous requirements, we are better positioned to offer enhanced services to our clients, foster greater transparency, and ensure long-term stability in an increasingly complex and dynamic financial landscape.” Costas Kappai, Doo Financial EU
Strengthening Client Confidence
Doo Financial EU, the European branch of Doo Financial, is now positioned to serve clients across Europe under the guidelines of a European Supervisory Authority. European clients will benefit from CySEC’s regulatory protections, including client fund safety and transparent business practices, ensuring a secure and trustworthy trading experience. This development allows Doo Financial EU to offer its suite of financial services and trading products to a wider audience, backed by the credibility and oversight of CySEC.
By expanding its regulatory reach, Doo Group continues to strengthen its position in the global financial market, enabling clients to trade with confidence. The CySEC license is another step toward achieving Doo Group’s vision of becoming a leader in financial services.
About Doo Group
Founded in 2014 and headquartered in Singapore, Doo Group is an international financial services provider with a focus on FinTech. With operations across 10 major business lines—including Brokerage, Wealth Management, Payments, and Digital Marketing—we are dedicated to delivering comprehensive financial solutions that empower our clients to explore a better future.
View original content:https://www.prnewswire.co.uk/news-releases/doo-group-strengthens-global-reach-with-cysec-license-for-doo-financial-302306893.html
-
Fintech4 days agoFintech Pulse: Industry Innovations and Partnerships Drive Global Fintech Forward
-
Fintech3 days agoFintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation
-
Fintech PR7 days agoConverge Technology Solutions Named Solution Partner of the Year at the 2024 Ingram Micro ONE Innovation Summit
-
Fintech PR7 days agoManulife Investment Management aligns capabilities across regions under the newly created role of Global Emerging Market Equities CIO
-
Fintech PR7 days agoBybit and Block Scholes Uncover Post-Election Bullish Sentiment: Traders Lean Into Leveraged Longs Amid Stabilized Market
-
Fintech PR7 days agoPalm Jebel Ali Project Surges Ahead in 2024: Milestones Achieved in Record Time for Dubai’s Most Anticipated Development
-
Fintech PR7 days agoThe Trade Facilitation Commission release their report entitled ENSURING ECONOMIC GROWTH
-
Fintech PR6 days agoStatement From Universal Music Group N.V.