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Praemo Names Paul Boris as Executive Vice-president and Chief Revenue Officer
Praemo founder and CEO Michael Martinez announces the addition of industry veteran Paul Boris (photo) to the company’s leadership team in the role of Executive Vice President and Chief Revenue Officer (CRO).
Researchers at the University of Waterloo examined data from 28 million trips for possible links between four bad driving behaviours – speeding, hard braking, hard acceleration and hard cornering – and the likelihood of crashes. Their analysis revealed speeding is a strong predictor of crashes, while statistically significant links for the other kinds of aggressive driving couldn’t be established. “For insurance companies using this telematics data to assess who is a good risk and who isn’t, our suggestion based on the data is to look at speed, at people driving too fast,” said Stefan Steiner, a statistics professor in Waterloo's Faculty of Mathematics.
Israeli startup TriEye, whose Short-Wave-Infra-Red (SWIR) sensing technology enables vision in adverse weather and night-time conditions, has expanded its Series A round to $19 million with an investment from the German sports car manufacturer Porsche. The additional funding will be used for ongoing product development and operations, as well as team growth. In May 2019, TriEye announced a Series A funding round, led by Intel Capital. Other investors in the round include Marius Nacht and TriEye’s existing investor Grove Ventures. Since its inception, TriEye has raised $22 million, including a seed investment of $3 million led by Grove Ventures in November 2017.
Kitchener - Praemo, experts in optimizing industrial operations, announces the $3.5 million Series A funding round for the company's revolutionary Razor™ technology, led by McRock Capital. With this financing, Praemo will be well equipped to propel industrial operations forward with their proven AI-powered performance solution. Founded by industry veterans, Praemo generates actionable insights from existing IIoT and operational data. The company's Razor™ technology leverages Artificial Intelligence (AI) to deliver greater performance across industrial sectors, helping to improve the operational environments of its customers. Designed to be adaptive for a broad range of industries, the technology has been deployed in leading Automotive, Industrial Equipment Manufacturing, Injection Molding and Food and Beverage operations.
On the heels of the World Health Organization defining burnout as a syndrome resulting from workplace stress, a recent survey from Accountemps found that nearly all senior managers in Canada (96 per cent) believe their team members are experiencing some degree of burnout. In a separate survey, 95 per cent of Canadian workers said they are at least somewhat burned out. Senior managers were asked to report the level of burnout among employees on a scale of 1 (not at all burned out) to 10 (completely burned out), and the average was 5.7. One in five respondents rated their team's burnout level 8 or higher. Workers cited an average burnout level of 5.6, with 22 per cent of respondents falling within the 8 to 10 range.
Against a global backdrop of diminishing business confidence and a weaker outlook for economic growth, a robust labour market in the world's largest economies continues to underpin demand for office space with high employment levels prevalent across a number of major markets. Demand continues to be driven by the knowledge economy, with the co-working boom continuing to broaden its reach across major markets, forcing traditional landlords to adapt their offering in order to best accommodate existing and potential occupiers. These are some of the key trends noted in Avison Young's Mid-Year 2019 Global Office Market Report, released this week.
Money never sleeps—and neither does fraud. In fact, there never seems to be an end to the stream of scams being devised. As Jeff Thomson, manager of the fraud prevention and intake unit at the Canadian Anti-Fraud Centre, points out, “Fraudsters are always targeting Canada with new scams and old scams. So far in 2019, the CAFC has received more than 20,000 reports involving more than $43 million in losses. Canadians need to continue to be vigilant when receiving calls, emails or text messages from unknown senders.” Here are some of the latest scams to keep on your watch list.
Waterloo – Carbon stored for centuries in the soils of boreal forests will be released by more severe and frequent wildfires as the climate warms, according to a paper recently published in the prestigious journal Nature. The paper, co-authored by Wilfrid Laurier University Associate Professor Jennifer Baltzer (photo), finds that extreme fires are both caused by and contributing to climate change. The research, led by researchers at Northern Arizona University, was conducted in the Northwest Territories, which in 2014 suffered its largest fire season in recorded history. Laurier has a longstanding research partnership with the Government of the Northwest Territories (GNWT), which was recently renewed for another decade. The partnership provided logistical support for the Canadian-American team of scientists to examine how the severe fires affected forests. The GNWT, Natural Sciences and Engineering Research Council of Canada (NSERC) and NASA were among the funders of the project.
Geothermal manifestations at Earth’s surface can be mapped and characterized by a variety of well-established exploration methods. However, mapping hydrothermal vents in aquatic environments is more challenging as conventional methods can no longer be applied. In fact, chemical composition of lake water may indicate inflow of fluids from a volcanic system, but it does not provide spatial information on the location of hydrothermal vents, their abundance and current state of activity.
Those affected by heart disease share the experience with others. Family, friends, and caregivers all go through the difficult journey of recovery together, embracing the ‘new normal’ takes strength of mind, body, and spirit each day. St. Mary’s Hike for Heart is an annual opportunity to reunite survivors, family members, and St. Mary’s staff who provide care along the journey. Together, we embrace the strength of one another and celebrate the joy of recovery! Register now and join the fun on Sunday, September 15th, at Laurel Creek Conservation Area.
Kitchener — With authentic German food, German beer (and local favourite Canadian crafts as well) and Germany’s biggest OOMpah/rock band, Bingemans will be hosting the biggest and most explosive Oktoberfest celebration to be had this side of Munich. Making their Canadian debut in Kitchener at Bingemans’ Oktoberfest, Dorfrocker will be kicking off celebrations with back-to-back performances October 11th and 12th at Bingemans Kool Haus. They are headlining another strong roster of entertainment that includes traditional OOMpah bands, DJ music and the ever-popular Tonic Band, The Lulu’s Band and “Mr. Oktoberfest” himself – George Kash. “Oktoberfest at Bingemans is one of the biggest parties you will find anywhere,” says Mark Bingeman, President of Bingemans. “As one of the largest Bavarian festivals outside of Germany, it captures the spirit of a Munich-style Oktoberfest and having Dorfrocker performing is going to take the entertainment experience to a level this region’s Oktoberfest has never seen before. Dorfrocker’s unique sound is made for Oktoberfest celebrations.”
The Ontario Chamber of Commerce (OCC) announced advance access registration for the sixteenth annual Ontario Economic Summit (OES), “Our Economy. Our Future. Our Ontario.” OES will be hosted in Toronto for the first time in almost a decade at Hotel X and Beanfield Centre from November 13 to 15.