Automotive Industry Snapshot-New Innovations Steer the Sector towards the Future (OTCQB: $FNHI) (TSXV: $DYA.V) (OTC: $DYFSF) (NASDAQ: $NUAN) (TSXV: $NNO.V) (OTC: $NNOMF)
September 5, 2019 – Investorideas.com, a leading investor news resource covering automotive stocks releases a snapshot focusing on the rise of technological innovations that are beginning to shape the future of the automotive industry.
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A recent article in Forbes discussed how technology is driving change in the automotive industry saying, “If you identify the key building block of the auto industry during its first 130 years, you would have to point to engineering. It was engineering that made automobiles, our personal transportation devices, possible in the first place. And it is engineering that kept the line of progress moving forward decade after decade. Engineering made cars safer, more fuel-efficient, more comfortable, more durable, and more useful. It is responsible for the immense progress the auto industry has enjoyed and for the incredible benefits that personal transportation has delivered to the people of the globe. But going forward, engineering won’t serve as the prime driver of the auto industry, according to Sreenivasa Chakravarti, Vice President – manufacturing, Tata Consultancy Services. Instead, he asserts, the key driver will be data science.”
Continued in the article, “Electrification, autonomous operation, vehicle-sharing all appear to have the potential to change the auto industry in a fundamental way.”
Also in recent news, “Japan and France on Monday said they had agreed to share information and explore deeper cooperation in next-generation auto technology. In a statement, Japan’s trade ministry said the two governments had agreed to start talks to bolster possible cooperation in areas such as automated driving, batteries and electric vehicles (EV). They agreed to discuss policy toward sharing information, supporting transformation of the auto industry environment and exchanging opinions about potential further cooperation in industrial policy for the automotive industry, according to a memorandum of cooperation released by the ministry.”
As we see this rise in automotive innovations, patent protection and first mover advantage looks to become essential to the companies in this space.
Franchise Holdings International Inc. (OTCQB: FNHI), Worksport Ltd.’s parent company, has recently received its second US Patent Office trademark allowance (and the third for the company in 2019 so far), gaining additional coverage and rights to the Worksport word mark, further protecting its innovative line of light truck tonneau covers in the US, its primary market.
Previously, Worksport received US approval for ‘all claims submitted’ for its new full-bed access light truck cover, the only one in the industry that does not extend into the truck bed. The Company in 2019 was also awarded first full trademark rights to ‘its Worksport trade name in Canada’ for the stylized Worksport logo.
“Worksport has now added to its arsenal of intellectual property assets the much-coveted word mark in our industry class, not just the logo mark, which we previously possessed,” said Worksport and FNHI CEO, Steven Rossi. “This gives us full and absolute protection rights for our brand identity, which we will enforce. Our name is important to our success, as it closely matches our amazing company culture of entrepreneurs, do-it-yourselfers (DIY), small business owners and outdoor enthusiasts.”
Worksport is also trending towards another record quarter for revenues, as it continues along its best year and best quarters on record.
“This year is history in the making for Franchise Holdings International as it builds out a solid infrastructure of products, intellectual property assets, and long-term customer relationships,” Rossi added. “Our team is now operating at maximum productivity, with accounting filing a record Q2 report on-time and Research and Development reaching milestones in new product design, engineering, and the build out of our intellectual property portfolio, legally protecting our many proprietary innovations.”
Rossi said that Worksport intends to budget earnings from operations to expedite the development of its Helios product line. These complementary truck accessories will charge forthcoming electric trucks with Worksport’s proprietary solar technology infused with its most advanced truck bed covers, a major breakthrough innovation. Management will update the public and shareholders on breaking developments in the coming future.
dynaCERT Inc. (TSXV: DYA) (OTC: DYFSF) also recently provided updates regarding the advancement of its intellectual property related to its on-board, on-demand hydrogen injection systems for diesel engines and carbon credits.
Dr. Stephen Campbell, Chief Technology Officer at Nano OneTM Materials Corp. (TSXV: NNO) (OTC: NNOMF) recently provided an update on Nano One’s latest lithium nickel manganese cobalt (NMC) innovations and how they are aimed at making high energy lithium ion batteries safer and more durable.
Dr. Campbell explains, “Nano One’s latest innovations provide added durability and safety to NMC cathodes by protecting them from the stresses of repeated charging and from undesirable side-reactions. We are able to form protective coatings on individual particles and this is clearly differentiated from others who are developing coatings on larger clusters of particles. The stresses of repeated charging cause large coated clusters to break apart, leaving individual particles on the inside exposed to side reactions. By protecting the individual particle, Nano One is engineering new materials for increased durability and safety. Our technology is particularly relevant to high energy nickel-rich NMC batteries because it provides added protection."
Nuance Communications, Inc. (NASDAQ: NUAN), a leading provider of conversational AI, recently announced that it will host its 2019 China Auto Forum on September 4, 2019, in Shanghai. With the theme “Digital Transformation: the Engine of New Business Value,” the China Auto Forum brings together industry luminaries, the region’s leading automakers, and Nuance experts as they explore how digital transformation can create innovative business value and accelerate growth in the market.
“As we prepare to spin out from Nuance and create Cerence, this event is an important milestone for the business and our relationships across Greater China and the rest of the world,” said Charles Kuai, Corporate Senior Vice President & President, Greater China Region, Nuance Communications. “The automotive industry is undergoing a transformation from hardware- to software-focused vehicles as automakers apply greater focus on the in-car experience and services. I look forward to discussing this transformation with industry leaders and showcasing how our automotive business brings unique value as we navigate this changing landscape.”
As the automotive industry continues to evolve we can expect to see these new technological innovations playing a larger and larger role in the industry’s trajectory which is good news for companies looking to enter this space as well as the consumers who will enjoy a more data driven and renewable focused automotive experience.
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