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Mitsubishi Electric to Increase Stake in Realtime Robotics t
TOKYO, May 27, 2024 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it will increase its existing investment in Massachusetts-based Realtime Robotics, Inc., an American startup company that is pioneering motion-planning technology for calculating trajectories to enable factory-automation (FA) equipment to avoid obstacles and generate optimized routes. By expanding the use o...
Mitsubishi Electric Announces the Amount of Performance-base
TOKYO, May 27, 2024 – Mitsubishi Electric Corporation (TOKYO: 6503) announced today the planned amount of stock compensation for Executive Officers and Executive Officers (Associate) under the performance-based stock compensation plan for the fiscal 2025. (The said amount of stock compensation refers to the amount of trust money to be contributed to the Board Incentive Plan (BIP) Trust, whic...
Copeland’s Smart Thermostats Receive Energy Star Certificati
On April 17, Copeland announced that its Verdant VX3 and ZX smart thermostats have received Energy Star certification in the United States and Canada. Verdant smart thermostats are a heating, ventilat...
Carrier Announces Lineups Compatible with Lower-GWP Refriger
Carrier recently announced the launch of residential and commercial lineups available with refrigerants that have a lower GWP than conventional refrigerants. The move comes ahead of regulatory changes...
New York State Eyeing Further GWP Limits
To meet its obligations under statewide climate legislation passed in 2019, New York State is eyeing three major regulations. These include a Cap-and-Invest plan that puts a price on greenhouse gas (GHG) emissions and tighter regulations on sulfur hexafluoride (SF6) and hydrofluorocarbons (HFCs). The HFC limit proposed by the New York State Department of Environmental Conservation (DEC) would l...
Samsung Improves Real-life VRF Efficiency Using AI Technolog
JARN interviewed Hyeongjoon Seo, Ph.D., head of Air Solution Technology Lab, R&D Team, Samsung, to hear about the company’s variable refrigerant flow (VRF) product business. &...
2.11 JAPAN
Japanese shipment of VRF systems in FY 2023 ending March 2024 are estimated to have reached 147,000 units, almost the same number as in FY 2022, according to the Japan Refrigeration and Air Conditioni...
2.10 CHINA
Market Trends JARN estimates that the total Chinese VRF market reached about 1.14 million units in 2023, indicating single-digit year-on-year growth. This annual growth of the VRF market in 2023 w...
2.9 SOUTH KOREA
South Korea’s economic growth rate in 2023 was 1.4%. According to forecasts from the Construction Economic Research Institute of Korea (CERIK), orders from South Korean builders were expected to...
2.8 AFRICA
In 2023, 18 out of 54 African nations saw their GDP growth exceed 5%, a figure projected to rise to 22 countries in 2024. Africa ranked as the world’s second fastest-growing region, second only ...
