April 30, 2020
DAILY BRIEF: Seed funding, smart car design, solid tyres and port automation
Nokian Tyres has received some good news from a German university.
All the daily Finnish business news that works: Finnadvance, TactoTek, Nokian Tyres, and Kalmar make headlines.
Finnadvance raises seed funding, TactoTek collaborates on an IMSE solution, Nokian Tyres’ hybrid tractor tyre is field-tested, and Kalmar wins a port order in Canada.
Finnish biotech startup Finnadvance has secured 550 000 euros in a seed funding round led by Voima Ventures and Finnish business angels Leena Niemistö and Sauli Törmälä. The startup has previously received an investment from Helsinki-based fund Icebreaker.vc. Finnadvance develops microfluidic organ-on-chips that simulate the functions of entire organs and organ systems for pharmaceutical drug tests. The technology allows for more human-like pre-clinical drug testing, repurposing of old drugs and long-term development of personalised therapies and medicines. Finnadvance has begun research collaboration with several universities, organisations and healthtech companies in Finland.
TactoTek, a Finnish developer of in-mould structural electronics (IMSE), has collaborated with electronic products manufacturer Alps Alpine to develop an IMSE human-machine interface (HMI) solution for a premium German automotive maker. In the project, Alps Alpine developed the industrial design and HMI of an existing serial production part of the client, while TactoTek helped to transform the design thinking into an electromechanical design. The finished part exceeded the demanding cosmetic and functional requirements of the client, with all the printed electronics, touch buttons, LEDs and other components encapsulated in a 3D injection-moulded structure only 2.5 millimetres thick.
Finnish manufacturer Nokian Tyres has completed a series of tests on Nokian Ground King, a hybrid-pattern tractor tyre released in 2019 to bring a new kind of efficiency to combined field-and-road application in agriculture. Carried out in everyday practical work by the German Kiel University, in collaboration with local major agricultural contracting company Blunk, the tests showed that the hybrid-pattern technology improved the performance of the tractor across the board, leading to significantly higher yield expectations due to less stress on the soil, longer service life and considerable fuel savings.
Kalmar, part of Cargotec, will supply container terminal operator Termont Montréal (Termont) with a suite of Kalmar SmartPort process automation solutions for its cargo-handling fleet. The order also includes service deployment, configuration and ongoing support. The deliveries set to begin in the second quarter of 2020. Termont is based at the Port of Montreal, where it has operated the Maisonneuve terminal for over 25 years and the new Viau terminal. The port operator’s cargo-handling fleet includes rubber-tyred gantry cranes, front-end loaders and terminal tractors.
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