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 recently announced that the first shipment of the Fusion Pilot Cameras has been sent, exclusively to ten brands. The company has selected nine organizations and one travel vlogger to be the first to receive GoPro's spherical camera. This list includes Golden State Warriors, USA TODAY NETWORK, FOX Sports, AccuWeather, Digital Domain, Getty Images, Legend 3D Inc., Rapid VR, RYOT, and travel vlogger Louis Cole (FunForLouis). The company started accepting applications from content professionals in the month of April. GoPro received applications from numerous brands, agencies and talented content creators, seeking to be among the first to use GoPro's new 5.2K spherical camera as part of a pilot program. GoPro has initiated this programme to produce inspiring content that demonstrates the creative potential of Fusion. GoPro has selected its first ten pilot partners from a pool of more than 20,000 applicants. The application process for the GoPro Fusion Pilot Program remains open, and the company expects to add more pilot partners to the program in the coming year. A limited commercial release of Fusion is expected by the end of 2017. GoPro will provide the details on pricing and other technical specifications at Fusion's launch.
A new telecom brand Kult, recently announced the launch of its newest smartphone - Beyond. This 4G- VoLTE enabled smartphone also offers multi-purpose fingerprint sensor and currently it is exclusively available on Amazon. It features a 5.2inch HD screen size and an HD IPS on-cell display. Beyond features a 13MP rear AF camera with Dual Tone LED flash and 13 MP front camera with Dual LED Flash. It runs on a 1.25 GHz quad-core 64 bit processor and offers the latest Android Nougat 7.0 OS. It comes with a 3GB RAM and 32GB ROM that is expandable up to additional 32GB (supports 3 Slots: 2 SIM both micro + 1 Micro SD). Kult Beyond is powered by a 3000mAh battery and is available for INR 6,999. Commenting on the launch, Hardip Singh, Executive Director of Optiemus Infracom said, “Today’s hyperconnected millennial demands high performance smartphone with great camera quality. We kept that in mind while building Kult Beyond. This beautifully designed smartphone comes loaded with class-leading features and functionalities at a very attractive price, which is an added advantage.”