Author: Scott Dylan

A Californian drone manufacturer has unveiled its latest innovation, the US-1, a commercial-grade electric drone with an unprecedented flight time of up to two hours. This development significantly surpasses the approximately 25-minute single-charge flight time of existing drones.The US-1, developed by Impossible Aerospace, is the result of collaborative efforts by world-class engineers, motor, and battery experts from leading companies including Tesla and SpaceX. Distinguished by its unique ‘battery-first approach’, this drone has been meticulously designed to enable electric aircraft to compete with those powered by conventional fuels. According to Spencer Gore, CEO of Impossible Aerospace, ‘The US-1 is more than…

Publicly listed games studio Team17 has announced record results for the first half of 2018.The firm, which has bases in Wakefield and Nottingham, stated that revenues increased by 48 per cent to £15.4 million, up from £10.4 million in 2017. Profits also saw a significant rise, growing by a quarter to £6.9 million.Team17, established 28 years ago, raised £107.5 million from its floatation on the London Stock Exchange in May. Of this amount, £45.1 million was utilised to repay debt through the issuance of new shares. The company, known for the hit game series Worms, has repositioned itself as a…

Cyber security service provider ECSC Group has reappointed Ian Mann as CEO months after his resignation from the position.Mann stepped down from his role and the board in April after the Bradford-based company posted significant losses. Despite his resignation, he remained a full-time employee and a major shareholder. Later that month, he rejoined the board as an executive director while chief financial officer Steve Hammell, who was slated to become the new CEO, and non-executive director Steve Vaughan resigned from the board. Lucy Sharp was then appointed interim CEO.In a recent development, it has been confirmed this morning on the…

A leading cloud software start-up, based in Leeds and working with a major UK supermarket, is keen to avoid common pitfalls as it aims for significant investment.Founded in 2016 and initially supported by seed investment in the lower six-digit range, the company’s cloud platform was initially designed to monitor, store, and analyse temperature and humidity data for the life sciences sector. It has since expanded its applications. Last year, the company conducted a trial with a prominent UK supermarket and has continued to collaborate, implementing its technology across the supermarket’s estate to manage energy consumption and building data.According to founder…

GP practices across the UK will soon have the opportunity to trial cutting-edge technology designed to facilitate video consultations and appointment bookings. This technology, developed at a cost of £5 million, will be available as a free trial to NHS practices.The digital health company behind this initiative plans to roll out its bespoke technology in collaboration with five groups of NHS practices and one significant practice in England over the next two months. Patients will also have the option to use the company’s app-driven repeat medicine delivery service, which remains free for NHS patients.The founder and CEO of the company…

Today, the Prime Minister is set to announce a £106 million investment for projects advancing green battery, vehicle, and refuelling technologies at the UK’s first Zero Emission Vehicle Summit held in Birmingham. The PM will outline the UK’s ambitious mission to lead in low emission technology as part of efforts to maintain environmental sustainability.The government will also introduce an international declaration aimed at promoting the global deployment of green vehicles and smart, zero-emission infrastructure. Initial signatories to the ‘Birmingham Declaration’ include Italy, France, Denmark, the United Arab Emirates, Portugal, Belarus, and Indonesia. More countries are expected to join as discussions…

The global cryptocurrency markets have experienced a significant downturn, reaching a ten-month low. CoinMarketCap.com reports that the sector’s market capitalisation has fallen to $197 billion (£152.36bn), a substantial decrease of $640 billion (£494.99bn) from its peak in January.In recent developments, there are rising concerns that investors are losing interest in digital currencies. Bitcoin, one of the leading cryptocurrencies, has decreased by 2.5 per cent from its opening price on Friday and is currently trading at $6,313.However, the most remarkable decline has been observed in Ether, the second most valuable cryptocurrency. Ether has dropped by approximately 17 per cent from its…

Liverpool fans and supporters of other major Premier League clubs have been urged by experts to change their passwords immediately due to security concerns.Analysis conducted by Dashlane, using an anonymised database provided by Gang Wang, an assistant professor in the Department of Computer Science at Virginia Tech, revealed the most common sports team names used in online account passwords. The study focused specifically on the Premier League and NFL.The findings showed that Liverpool was the most mentioned English team in passwords, followed by Chelsea and Arsenal. Crystal Palace was found to be the least mentioned team. Emmanuel Schalit, CEO of…

Crowdcube has acquired Supdate, a business reporting software company, in a strategic move to enhance its service offering for entrepreneurs and investors.This acquisition is part of Crowdcube’s broader strategy to develop an ecosystem of services that cater to the needs of entrepreneurs and investors engaged with its equity crowdfunding platform. The financial terms of the acquisition remain undisclosed. Supdate offers a platform that allows businesses to create, share, and monitor company news and performance updates with their shareholders.Founded by Duane Jackson, the entrepreneur behind the cloud-based bookkeeping software developer, KashFlow, Supdate has been employed by hundreds of businesses since its…

Cambridge Innovation Capital has led a significant £3.1 million seed funding round into a company specialising in real-time audio processing technology for Automatic Speech Recognition (ASR) systems.The Cambridge-based firm, bolstered by this investment, aims to enhance consumer electronics with improved ASR systems. The funding round included participation from Cambridge Enterprise, the University of Cambridge’s commercialisation arm, and two local business angels. The use of speech control in consumer electronics is on the rise, with smart speakers emerging as the fastest-growing segment in early 2018.AudioTelligence’s technology significantly boosts the accuracy of ASR systems found in mobile devices, home assistants, and hands-free…