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KC Wearable Announces Partnership With Major Food Factory to Keep Workers Safe

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Coronavirus

The KC N901 Smart Helmet, developed by leading technology and innovation company KC Wearable, has been deployed at Africa’s largest instant noodle manufacturing plant, as food manufacturing groups look to protect their workers during the COVID-19 pandemic.

KC Wearable has announced a partnership with Dufil Group, who are responsible for the production of Indomie, one of the world’s most popular Mi Goreng instant noodle brands, as well as oil and pasta brands Power and MiniMie, to name a few. The KC N901 Smart Helmet will be used as a COVID-19 symptom detector, helping Dufil Group to protect staff at the factory.

Nigeria has seen almost 57,000 confirmed cases of COVID-19 so far. As new cases continue to emerge, interest the wearable thermal detection device has grown. The KC Smart Helmet allows users to screen multiple individuals for a key symptom of COVID-19 at once, helping to stop the spread of the virus.

The helmet can detect fevers, the most prevalent symptom of the virus, with 96% accuracy. Unlike traditional static thermal cameras, the wearable headset improves the efficiency and flexibility of COVID-19 screening, enabling the user to freely move around an area. The helmet can scan up to 200 people a minute, making it well suited to public settings like transport hubs, hospitals or parks.

The KC N901 Smart Helmet has been deployed at Dufil Group’s food manufacturing plant in Nigeria, allowing the company to screen employees for high fevers upon entry. Working in collaboration with KC Wearable, Dufil Group have tailored the smart helmet to fit the requirements of a factory setting. This includes personalised detection, enabling security staff to isolate outbreaks.

Powered by sophisticated augmented reality technology, the helmet visor’s thermo-scan sensors show the temperature of people in real time. The helmet is effective within a five-metre radius, enabling the wearer to maintain social distancing at all time, and has the potential to link up to other data on COVID-19 tracking apps. The device stores all data itself with a 64GB internal memory.

Beyond Nigeria, the helmet is also in use in more than 35 countries, including Indonesia, the UAE, Italy, Netherlands, Kuwait, Chile, Turkey and multiple African countries. KC Wearable has partnered with national authorities and major transport hubs such as airports, as well as schools and hospitals, to detect COVID-19 symptoms in a range of settings.

Dr Jie Guo, Global Head of KC Wearable, said: “We are very pleased to be working with Dufil Group. The KC N901 Smart Helmet is helping to keep workers safe whilst enabling the factory to run as smoothly as possible during the pandemic. KC Wearable’s mission from the outset has been to allow normal life to resume. Whilst we are still a long way off normality, empowering factories and businesses to continue to function during the pandemic is a very important step in the right direction. We hope to continue to support businesses throughout the pandemic.”

Changdev Markad, Technical Manager at Dufil Group, said: “We ensure that all workers are screened at the start of their shifts, allowing us to identify high temperatures – a key symptom of COVID-19 – and limit the spread of the virus.

“We have worked closely with KC Wearable to tailor the helmet to our specific requirements, allowing us to personalise screening to individual employees so that we can easily identify potential threats, whilst simultaneously protecting the rest of the workforce by isolating outbreaks. The KC Helmet is a fantastic asset and a natural choice for our business, allowing us to continue to function during the pandemic.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Technology

Interswitch is the Most Valuable African Startup

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interswitch limited

Interswitch, the leading payment processing company headquartered in Lagos, Nigeria, is Africa’s most valuable start-up at a US$ 1 billion valuation.

Founded in 2002, Interswitch uses switching infrastructure to connect different banks in Nigeria and powered banks’ ATM cards. Presently, the company has over 11,000 ATMs on its network.

In 2010, Helios Investment Partners bought two-thirds of the company and in the following year, Interswitch bought a 60 percent stake in Bankom in Uganda.

Interswitch owns Verve, Nigeria’s most used payment card, and accounted for 18 million of 25 million cards in circulation in Nigeria. The company also owns Quickteller and recently purchased VANSO, a mobile-focused technology provider to banks.

Like Interswitch, Stripe, the company that acquired Nigeria’s Paystack for over US$200 million, is the most valuable startup in the USA at over US$70 billion valuation.

Klarna, Nubank, Paytm and Grab leads in Europe, Latin America, India and Southeast Asia with valuations of US$10.65 billion, US$10 billion, US$16 billion and US$14 billion, respectively.

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E-commerce Black Friday Sales Estimated to Surge by 40% to 10.2 Billion

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The 2020 holiday shopping season will be unique, as the pandemic shifted consumer behavior from retail stores to online shopping. In response, many retailers moved their services online to not miss out on this year’s profits. Atlas VPN team decided to look into how e-commerce sales are set to perform in the upcoming long weekend.

Researchers predict that the US e-commerce revenue will exceed last year’s earnings by 49.5% on Thanksgiving day, totaling $6.18 billion in revenue. Black Friday is calculated to reach $10.2 billion in sales, exceeding last years numbers by 39.4%

Rachel Welch, COO of Atlas VPN, shares her tips on how to stay safe when shopping online during the holiday season:

“Watch out for too-good-to-be-true deals from unknown sellers, as cybercriminals will also expect to turn a profit during the holiday season, even though they are not selling anything, except maybe a bag full of disappointment.”

 Finally, analysis shows that on the last day of the long and full of special offers Thanksgiving weekend, consumers will go all out to bring record sales for e-commerce businesses, adding up to $12.89 billion.

To look at these five days from a wider perspective, e-commerce companies can expect to earn around 39.72% more than they did last year.

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Alibaba Merchants Sell $40B in First Half Hour of Singles Day 2020, More than 2019 Event Full Sales

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Alibaba single day

Singles Day 2020 was a roaring success, cementing its position as the world’s biggest shopping holiday. Sales across Alibaba’s platforms during the event totaled $74.1 billion, up from $38 billion in 2019.

According to the research data analyzed and published by Stock Apps, within the first 30 minutes of the event, the gross merchandise volume (GMV) surpassed 2019’s full-event sales, reaching $40.87 billion.

Moreover, instead of live events, Alibaba had 400 company executives and 30 celebrities hosting livestreams. Based on a study by Coresight, the Chinese livestream market is set to rack in sales worth $125 billion in 2020, compared to $63 billion in 2019. The US livestream market is a small fraction of that, valued at $5 billion.

China’s Tech Heavyweights Lose $280 Billion in Market Cap

Alibaba Singles Day 2020 dwarfed other major shopping holidays as has been the trend in previous years.

According to Practical eCommerce, Amazon Prime Day 2020 sales totaled $10.4 billion up from $7.16 billion in 2019. Cyber Monday sales in the US amounted to $7.9 billion in 2020 according to Statista. Black Friday and Thanksgiving added $9.7 billion to the figure to make $17.6 billion for the weekend.

Similarly, in 2018, Singles Day sold $30.8 billion while Prime Day sold $4.19 billion and Thanksgiving weekend got $14.2 billion.

However, the 2020 Singles Day event came in the wake of Ant Group’s suspension of a $37 billion listing. The suspension resulted in a $76 billion drop in Alibaba’s market cap, as the tech giant owns a two-thirds stake in Ant Group. Moreover, China’s regulators released anti-trust draft rules prior to the event, aimed at controlling monopolistic behavior.

Following the release, Alibaba shares plunged by 9.8%, as JD.com shed off 9.2%. Tencent similarly saw a 7.39% drop and Xiaomi fell by 8.18%. For the five companies, there was a combined loss of $280 billion in market capitalization.

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