Schneider Electric integrates Hailo Technologies processors for greater AI capabilities
- Low-power consumption processors enable real-time, high-accuracy data analysis at the edge
- Increases the intelligence and efficiency of industrial automation solutions
Rueil-Malmaison (France), November 16, 2023 – Schneider Electric, the leader in the digital transformation of energy management and automation, today announced a technology collaboration with Hailo Technologies, a leading Artificial Intelligence (AI) chipmaker, to integrate Hailo’s advanced processors within Schneider Electric solutions.
AI offers significant benefits in enhancing the performance, efficiency and capabilities of industrial automation systems, allowing industries across all segments to better position themselves for the future.
By integrating the Hailo-8 AI processor within its industrial automation solutions, Schneider Electric will unlock new intelligence at the edge and drive innovation for its customers, with significant and immediate improvements across several common manufacturing tasks, including:
- Pick and place: achieving object detection tasks six times faster than central processing units (CPUs)
- Quality control: running classification processes 20 times faster than a CPU
- Yield optimization: improving output and throughput, reducing waste by 15% on average
Hailo Technologies is leading the AI chip industry for edge devices, with technology enabling new compute possibilities for sectors like automotive, security, retail, and manufacturing. Its Hailo-8 processor is an efficient and compact AI processor with low power consumption, enabling real-time, high-accuracy data analysis at the edge.
“We are always looking to partner with companies that can help us deliver the most cutting-edge solution available on the market,” said Aurelien LeSant, Senior Vice President Innovation & Technology and Chief Technology Officer, Industrial Automation at Schneider Electric. “The Hailo collaboration reinforces our commitment to innovation and next-generation technology. It signifies an important step in delivering intelligent, energy-efficient solutions that will shape the future of industries.”
“We are proud to work with Schneider Electric, an industry pioneer that has recognized the transformative potential of integrating AI capabilities into its industrial automation solutions,” said Eyal Barnea, VP of Business Development at Hailo Technologies. “Our technology will empower its customers to create new powerful, cost-efficient, and smart AI-based solutions quickly and easily.”
Schneider Electric demonstrated the collaboration with Hailo Technologies at the Smart Production Solutions (SPS) event in Nuremberg, Germany, on November 14 – 16. At booth 540 in Hall 1, visitors saw how it delivers a solution that combines multi-carrier machine applications, robotics, and AI to pick a chip from a circuit board quickly and efficiently.
- Blog: How artificial intelligence helps companies become more sustainable
- Blog: Why digital co-innovation pays off
- Blog: How industrial robots drive packaging, material working, assembly and conveying
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Hailo, an AI-focused chipmaker, is developing specialized AI processors that enable data center-class performance on edge devices. Hailo’s processors are the product of a rethinking of traditional computer architecture, enabling smart devices to perform sophisticated deep learning tasks such as object detection and segmentation in real-time, with minimal power consumption, size, and cost. The processors are designed to fit into a multitude of smart machines and devices, impacting a variety of sectors including automotive, security, industry 4.0, and retail. For more information visit https://hailo.ai
|Discover Life Is On|
Follow us on:
Hashtags: #PressRelease #IndustriesOfTheFuture #SmartManufacturing #NextGenAutomation #AI
AttachmentTo view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Opjustering af forventninger 2023 og resultatforventninger 20247.12.2023 16:47:03 CET | pressemeddelelse
Nordfyns Bank koncernen opjusterer forventningerne for hele 2023 til et resultat før skat i niveauet 120 - 140 mio. kr. fra tidligere udmeldte forventninger om et resultat før skat i niveauet 95 - 115 mio. kr. Opjusteringen sker som følge af højere kursreguleringer samt et lavere nedskrivningsbehov. Samtidigt meddeles det, at Nordfyns Bank koncernen forventer for 2024 at opnå et resultat før skat, som vil ligge i niveauet 70 - 100 mio. kr. Forventningerne er forbundet med usikkerhed og afhænger blandt andet af den fremtidige samfundsmæssige økonomiske udvikling, herunder udviklingen i det generelle renteniveau, kursreguleringer som følge af udviklingen på de finansielle markeder, samt udviklingen i nedskrivningsbehovet. Venlig hilsen Nordfyns Bank Vedhæftet fil Meddelelse_nr12_2023
Eimskip: Transaction by a person closely associated with a PDMR7.12.2023 16:44:43 CET | Press release
Please find attached notifications regarding transactions by a person closely associated with a PDMR of Eimskipafélag Íslands hf., cf. Art. 19 of MAR regulation. Further information can be found in the attached notifications. Attachments Sjávarlind til Kauphallar 1Sjávarlind til Kauphallar 2
Finanskalender 20247.12.2023 16:10:04 CET | pressemeddelelse
Bestyrelsen har vedtaget følgende terminer for offentliggørelse af regnskabsmeddelelser og afholdelse af ordinær generalforsamling: Årsregnskab 202314. marts 2024Periodemeddelelse17. april 2024Generalforsamling17. april 2024Periodemeddelelse22. august 2024Periodemeddelelse24. oktober 2024 Bemærk venligst, at seneste frist for fremsættelse af krav om optagelse af et bestemt emne på dagsordenen, er seks uger før afholdelsen af årets generalforsamling (§ 7.2 i selskabets vedtægter). Emner, der ønskes optaget på årets generalforsamling, skal således være selskabet skriftligt i hænde senest onsdag den 5. marts 2024. Med venlig hilsen Torben Schultz Administrerende direktør For yderligere oplysninger venligst kontakt Adm. direktør Torben Schultz, 40 10 28 76 Vedhæftet fil Meddelelse nr 10 i 2023 (finanskalender 2024)
Update on re-sale of unsecured bonds held in treasury and share buyback7.12.2023 15:37:23 CET | Press release
Golar LNG Limited (“Golar” or the “Company”) announces that it has recently re-sold $30.5 million notional value of its senior unsecured bonds maturing 20 October 2025 (ISIN NO0011123432) which were previously held in treasury. Following the sale, Golar maintains $130.6 million notional value of unsecured bonds in treasury. The Company also provides an update on its previously announced share buyback program with total approved amount of up to $150.0 million. Since 30 September 2023, the company has bought back a total of 1,126,682 shares. Upon cancellation of these shares, the total number of outstanding shares will be reduced to 104,798,000. Of the $150.0 million approved share buyback scheme, $92.9 million remains available for further repurchases which will continue to be opportunistically pursued. Golar LNG Limited Hamilton, Bermuda December 7, 2023 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Directorate change7.12.2023 15:17:27 CET | Press release
Volta Finance Limited (VTA/VTAS) Directorate Change NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES Guernsey, 7 December 2023 Retirement of director The Board announces that Mr Graham Harrison, a non-executive director and Chair of the Management Engagement Committee of the Company, has retired from the Board with effect from 6 December 2023. Mr Harrison has been on the Board since October 2015, and the Directors would like to express their gratitude for his valuable contribution during his tenure. Upon the retirement of Mr Harrison, the Board has approved the appointment of Mrs Joanne Peacegood, a non-executive director, to the role of Chair of the Management Engagement Committee. CONTACTS Company Secretary and Administrator BNP Paribas S.A, Guernsey Branch email@example.com +44 (0) 1481 750 853 Corporate Broker Cavendish Securities plc Andrew Worne Daniel Balabanoff +44 (0) 20 7397 8900 ***** ABOUT VOLTA FINANCE L