Japan's leading printer and photocopier maker Konica Minolta Inc. announced at the company will be acquiring Ambry Genetic Corp. - a US diagnostic company, in a deal valued at up to USD 1 billion. This is one of the largest deals for Konica Minolta and the company will jointly carry out the acquisition with the funds provided by Innovation Network Corp of Japan. Konica Minolta, which has a market value of around $4 billion, will account for 60 percent of the investment and the Innovation Network Corp of Japan (INCJ) will provide for the remaining 40 percent. Both the companies intend to enter into the precision medicine segment which is expected to have a great potential for the treatment of cancer. KMI has its own diagnostic technique, utilising a High Sensitive Tissue Testing (HSTT) technology, while Ambry excels in genetic tests for breast, colon and cancers, heart and respiratory diseases, etc. Further, the company will combine its HSTT technology and Ambry's genetic diagnostic technology to offer high-standard cancer diagnostic services and aid the development of new reagents which will help produce new medicines. Talking about the acquisition, Shoei Yamana - Chief Executive Officer of Konica Minolta Inc., said, “Together with Ambry, we will have the most comprehensive set of diagnostic technologies for mapping an individual's genetic and biochemical makeup." The companies expect to complete the necessary procedure for the deal by the end of October, 2017 and post which, Ambry will become a subsidiary of KMI while Ambry's business will be continued in the US.
GoPro has recently launched its latest update for the Hero5 camera to support to their latest app and adds better functionalities to the earlier GoPro apps. The new QuikStories app pulls footage from the connected GoPro HERO5 camera and creates stunning videos. This essentially replaces the earlier Quik app with GoPro app, which includes the new QuikStories feature. QuikStories analyses recorded footage and combines them along with the optimal transitions and background score. The created video is ready to be shared. It also has provision to edit the footage and apply custom transitions, background music filters and effects. The new app provides an effortless solution to produce polished and presentable videos. Talking about the latest update, GoPro founder and CEO, Nicholas Woodman said, “QuikStories is our biggest leap forward since the invention of the GoPro itself. QuikStories is the simple storytelling solution our customers have been dreaming about for years. It’s an absolute game changer”. To make a QuikStory, users can pair the HERO5 camera to their phones and launch the GoPro app. The app automatically copies the most recent GoPro footage to the paired phone and creates exciting videos. Users can also add text, slow motion and speed effects, change filters and music, adjust the total video length and more. Additionally, any footage on stored in the phone can be added to a QuikStory video. QuikStories is now available for HERO5 Black and HERO5 Session users.
Venus Optics recently unveiled the Laowa Magic Shift Converter (MSC) for Sony Full Frame E-mount cameras. The Laowa Magic Shift Converter is a lens adapter built with a patented optics system, which expands the image circle of the ultra-wide angle lenses. The shift mechanism on the adapter takes advantage of the enlarged image circle and shifts the camera sensor along the axis. The MSC is specially designed for the Laowa 12mm f/2.8 Zero-D lens and it converts the lens into a 17mm f/4 Zero-D lens with +/- 10mm shift capability. It comes with a close-to-zero distortion feature. Additionally, the MSC comes with a 360° rotation structure which allows the user to shoot in both horizontal and portrait orientation. The lens structure includes 5 elements in 4 groups. Its dimensions are 69.6 x 44.1mm and weighs about 360g. The Laowa Magic Shift Converter's Canon variant is currently available on the official website of Venus Optics (http://www. venuslens.net/) and their authorized resellers. The shipment of its Nikon variant is expected in two months.