INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

‘World’s most efficient AC’

Employees work on an air conditioner production line at a Midea factory in Wuhan, China. (AFP)
  • Strata Manufacturing is a UAE-based Digital Factory pioneer, Hyperganic an AI-based engineering platform company EOS a German industrial 3D printing company.
  • Media reports said the partnership is a result of the Ministry of Industry and Advanced Technology’s efforts to facilitate industrial collaboration.

Strata Manufacturing, Hyperganic and EOS will partner to build the “world’s most energy-efficient residential air conditioner system”.

Strata Manufacturing is a UAE-based Digital Factory pioneer, Hyperganic an AI-based engineering platform company EOS a German industrial 3D printing company.

Media reports said the partnership is a result of the Ministry of Industry and Advanced Technology’s efforts to facilitate industrial collaboration.

The International Energy Agency (IEA) is projecting that energy demand from air conditioners will triple by 2050 – which is the equivalent to adding 10 new devices every second for the next 28 years.

Air conditioners today account for 10 percent of all global electricity usage, which proves how crucial it is to reduce their energy consumption to satisfy environmental requirements.

Under the agreement, the partners will combine Hyperganic’s Algorithmic Engineering approach with the industrial metal 3D printing process pioneered by EOS, and Strata’s digital technologies, to produce a residential air conditioner unit that is up to 10 times more efficient than standard models – and, as such, will be highly coveted in global markets.

The companies plan to show project updates at the United Nations Framework Convention on Climate Change (UNFCCC) COP28 UAE to be hosted in Expo City Dubai in 2023.

Hyperganic announced they will open their UAE Engineering Office at the beginning of July. Their team, which is set to grow to 20 engineers by the end of 2023, will cooperate with Strata’s team and the EOS team on implementing the project.

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, who attended the signing ceremony, said, “This exciting new technology is an ideal example of innovation driving sustainable development and creating a positive economic impact.”