An Interview With SafeSense, The Project That’s Building The World’s First Active Safety Bicycle Handlebars

The brains behind SafeSense are rethinking what bicycle safety means. Using cutting-edge technology used by the likes of Tesla, they want to revolutionize bicycle safety. SafeSense is a startup based out of Philadelphia.

Hello Jibran, welcome to Startup Fortune, it’s indeed a pleasure to have you with us today. You are building a very unique project here. Could you tell us a little about how it all started? Where did you get such an interesting idea to work on?

Thank you, I appreciate it. This idea was actually born 2 years ago. I was doing a 6 month internship in center city and I occasionally used to bike there. In a span of 6 months, I had 3 very close encounters with cars. There were always cars pulled up into the bike lanes, picking up or dropping off people, and then there were these crazy drivers who were either distracted or late for work. My friend and I joked that only if we had someone sitting behind us who could spot cars, how great would that be? Then the realization struck, why don’t we build something that will do that for us.

Are bicycle accidents really that big of a problem?

Certainly, without any doubt. People think that cities are becoming bicycle friendly by giving cyclists their own lanes, and theoretically that should reduce accidents, but it doesn’t. Just two days ago, a report came out that bicycle accidents had seen their worst year in the past three decades. Every year, for the past decade, car accidents have been decreasing, but bicycle accidents have been increasing. More people are now biking due to environmental or health concerns, so there are more bicycles on the road than ever before. Just as an example, NYC is one of the leading cities for bicycle safety, and they spent billions on a project called Vision Zero, which aims to reduce bicycle accidents, and last year, according to their own Department of Transportation’s data, 26 cyclists died, and there were almost 5000 injuries. That is about 400 bicycle accidents every month. 

How does SafeSense work?

SafeSense works like blindspot monitoring for cars, but it’s much smarter than anything available for cyclists right now. So we are developing an AI powered camera which will have a vision capability, meaning that it will be able to see things like a human eye would. It will identify and track vehicles behind a cyclist. It will be mounted on a bicycle seat post, just like a rear reflector is mounted on a seat post. Now alongside that, we have a pair of handlebar grips that we call “active grips” and these grips can light up, they can vibrate, and they can beep at you. When a vehicle is detected, the grips will glow red, this will enhance awareness by letting a cyclist know that there is a vehicle behind them, and if the AI camera determines that a car is coming too close or is on a dangerous trajectory, the grips will flash, vibrate, and beep at the cyclist.

WOW. Where can we buy this?

We are finalizing our prototype but we will be launching a Kickstarter campaign in mid December, if you’re interested.

Can you tell us more about the core team members? Who are your key people?

Our core team is a group of amazing and dynamic individuals working on SafeSense. I happen to have an excellent co-founder and bicycle enthusiast, alongside me, Robbie. Then we have two brilliant people, Toan and Josh, and they are working on developing the AI camera. Then we have Su, she is a master at user interface designing, and she is designing an app. And we have Lorenzo, our creative lead, and he’s helping us with our Kickstarter campaign.

Just curious, do you think consumers would be interested in adding more technology to their bicycle? Assuming these would be expensive. Or how economical is it?

Well, first of all, people spend a lot of money on bicycle accessories. Last year, people in the US spend over $3 billion on bicycle accessories. Now, our product retails for $299, which is a very competitive price point in the bicycle accessory market. Initially, it probably won’t appeal to everybody’s budget, but eventually we want to make it even more affordable. We want to make it as affordable as possible so that more people can stay safer.

How are you funding the project? Have you already got any investors?

Right now, we are funding it ourselves, and we won a competition a few months back which greatly assisted us. In the near future, we are launching a Kickstarter campaign for crowdfunding.

In your opinion, what makes the project an important one in today’s world?

I personally am a believer of technology and I think that this is the best time to introduce SafeSense to the world. At a time like this when more and more people are biking, and accidents are increasing, we cyclists need better safety. If I say the phrase bicycle safety in the year 1980, what would you think? Probably a helmet. And if I say the same thing but changed the year to 2019, your answer would probably be the same. In a span of 4 decades, no new safety technology has been introduced for bicycles. This is why our motto is bicycle safety beyond the helmet.

Your technology, artificially intelligent sensor monitors and tracks vehicles, do you have plans to expand your services to other vehicle segments as well?

Other vehicle segments already have this technology. Car accidents are decreasing, and they are decreasing because of new safety technology like automatic braking, lane assist, and blindspot monitoring. We are just bringing another version of that technology for bicycles.

Is this just one project or do you have more ideas in the pipeline?

The one thing that our entire team shares, is the passion for creating great products that are a cross-section of arts and science. I think that a product should be beautiful enough to be eye catching, but simple enough to get the job done. SafeSense is just the first step. While creating SafeSense we realized the huge innovation gap in the bicycle market and we want to disrupt this mafia of old bicycle manufacturers and accessory manufacturers like Trek and Garmin that make ugly looking overpriced products. We have a couple of other things that we want to start working on as soon as SafeSense is out of the door.

Thank you again for taking time for doing this with us. We wish all the best for your project.

Thank you very much for this opportunity, and I would like to mention that our Kickstarter goes live in mid december so go to our website www.safesense.xyz and sign up to be added to our mailing list.

You can find more details about SafeSense at: 

www.safesense.xyz

https://www.facebook.com/SafeSenseTech/

GlobalGeeks Inc. Becomes The Fastest-growing Company In The U.S. Specializing in Remarketing of Second Hand Consumer Electronics That Were Once In Your Drawer Collecting Dust

By bringing a sustainability in mobile phone industry, GlobalGeeks Inc., the New Jersey based startup group has evolved as a fastest growing U.S company by recreating renewed consumer electronics & valuable mobile services.

In this fast paced world, people routinely race from one thing to another in every walk of their life, moving as quickly as they can and filling up every second with as much activity as possible. But they tend to forget about the importance of recreating and refurbishing. By using this immense potential providing technique of refurbishing the used mobile phones, GlobalGeeks has revolutionized the mobile services industry. The company offers high quality renewed and affordable second-hand phones, tablets and other consumer electronics with a warranty so the users globally can enjoy excellent devices at very affordable prices with responsible customer service.

GlobalGeeks is one of the most trusted companies in the U.S that acts as a global authenticated and a direct source of mobile devices. By providing a service that covers companies and users globally, the company desires to further grow in other countries by increasing their recovery on excess inventory. The company actually gives a hand to people especially for those who can’t afford the brand new devices, by delivering them like-new used handsets that comes with a warranty. Every device that GlobalGeeks collects and recovers undergoes through a very severe 60-point inspection process to ensure complete customer satisfaction.

Devices are available in multiple grade levels such as A+, A, A/B, B/C, C etc. Based upon the grade level requirement by the customer, the product will be delivered to them. The company aims to help the clients by refurbishing and reusing electronics by extending the life of a product to keep them out of the waste stream. “To truly succeed in life, adding value to others always comes first. Once you achieve others goals & dreams, you’re on the right track to achieve yours.” shares Mr. Ahmad Loul, CEO and founder of the company.

About GlobalGeeks

Established in 2017, the company is headquartered in New Jersey, U.S.A. GlobalGeeks is a U.S. privately held responsible tech solutions company that specializes in consumer electronics and contributes to the best re-use of electronic devices extending its life span. The firm provides retailers, wholesalers, corporations and international traders with premier mobile services that range from device distribution and refurbishing to asset recovery solutions. They have multiple offices which are located in U.S., Europe, Middle East, and South America. GlobalGeeks has a variety of certifications, spanning precise quality standards and environmental responsibility. More details about the company and its services can be found at: www.globalgeeks.com

Media Contact Information:

Name: Cara Doherty
Company: GlobalGeeks Inc.
Email: Cara@globalgeeks.com
Website: https://globalgeeks.com

Tiny Robots To Teach Children

Tiny Robots To Teach Children, Educational Company Launches mTiny Robot

 

The global provider of educational solutions STEAM Makeblock today launches its new product. It is a small robot that teaches children to learn computational and sequential thinking.

The robot is called mTiny and provides a stress-free learning experience for children over 4 as a toy, but it is more than that. It helps young people learn transversal knowledge and comes with extensive study packages. It is also interesting to note that it offers a learning experience without a screen, which is supposedly exclusive to this product.

By using mTiny, children can play coding games and discover new things to learn. The fusion of intercurricular content takes advantage of new philosophies and teaching practices to foster curiosity for knowledge.

The mTiny robot has more than ten facial expressions and more than 300 sound effects that provide a more immersive gaming and learning experience. Almost needless to say, but in spite of everything, mTiny is also composed of ecological and non-toxic materials so that your children do not suffer damage when using it.

WhatsApp Said To Be Testing A Video Feature Similar To Instagram’s Boomerang

Reports suggest that the messaging application is testing a new feature on Apple iOS operating system powered devices, that allows users to record videos of less than seven seconds that are played in a loop, a video function with a “boomerang” effect similar to that found on other platforms such as Instagram.

The recording option for this type of video is available in the WhatsApp video panel, which allows users to convert videos into animated GIF images with which they can convert videos in less than seven seconds. These videos can then be shared with other contacts.

The new feature was noticed in the WhatsApp version for the iOS system, but not for Android mobile phones, and at the moment, it is not activated in the final application for users. Even thought the feature is still in its beta mode and only for iOS devices, it should soon be out for testing on android powered mobile devices as well.

This new video function will be accompanied by the existing video features, such as the expected night mode. A feature that will finally come after the holidays. The application also works in multiplatform mode, which will be very useful and practical. Depending on the aerial capture, an editing function will also be available. Therefore, a new button will be added at the bottom of a conversation, along with the rest of the actions for users to make use of the new feature.

Mastercard To Hire Specialists In Blockchain Development And Cryptocurrencies

The payment company Mastercard published on its website three vacancies for managers to develop projects in the field of blockchain and cryptocurrencies, including payments and wallets.

In one of the vacancies, the company indicated that it was looking for a “blockchain solutions engineer”, in another it required a “vice president of blockchain product management”, the third said about “product management: cryptocurrencies / wallets”. The new employees will work in an already formed multifunctional team focused on experimental research, regulation and legal compliance of digital assets, franchises, regions and technologies, with the aim of continuing to develop new products and services.

In addition, candidates for two positions must have experience in the management of cryptocurrency storage products. However, the company does not specify what exactly they will do. They may have to develop a custody solution as part of the collaboration between Mastercard and Facebook.

Also, it needs to be taken in to account that Mastercard is one of the participants of the Libra cryptocurrency project announced by Facebook, which was invited to start developing its own applications for the Libra blockchain, including alternative cryptocurrency wallets.

Estonian Taxi Service’s New App Promises Better Price And Reliability

Compared to existing applications, the new application offers the customer an official taxi with a roof and a fixed rate. “While current market drivers include bottlenecks, queues and the like in the fare, Taxilink always gives the customer a price or reliability,” said Tõnu Uusmaa, a member of the Board of Directors of Tallink Taxi. Uusmaa said that all drivers ordered through the application are checked by background, have all the skills, permits and certificates required by law, and that the car itself is new and technically fit, meets European standards and is insured Like a taxi in traffic.

After downloading the application and accepting the terms of use, the customer can associate his credit card with it, so that all subsequent actions related to the payment will be completed automatically. Before you begin, you can get an idea of ​​the approximate cost and the time it takes to get to the taxi.

The price is calculated using a certified taximeter and is calculated at a rate per kilometer or per time, not at one time. WE RECOMMEND READING TECHNIQUE Do not buy a flagship phone! HEUREKA 94 Clean energy by 2025: significant milestone in the construction of the most complex machine in the world CAR Passat looks to the future The application lacks an algorithm of supply and demand coefficient, so all tariffs Reserved taxi rates are always calculated at the same price – No matter the time of day and time.

The nearest vehicle is always sent to the customer and the customer can control the movement of the vehicle in real time. The taxi has the right to move along the bus lanes and this guarantees the rapid movement of the taxi in case of congestion. The user can also book a taxi long before a meeting or an important event. So far, Tallink Takso and 24 taxis have used the taxofoni application, now it is being discarded and a new application is being introduced.

Tallink Takso carries more than 200 cars under the Tallink Takso, Tallink Taksobuss and Takso24 trademarks. The owners of AS Tallink Takso are AS Infortar and the AS Tallink Grupp shipping company.

Study Says Only 2% Of Bitcoin Transactions Relate To Anything Illegal

Elliptic, a research firm in collaboration with the Massachusetts Institute of Technology (MIT), investigated more than 200,000 transactions in the Bitcoin network for their connection with criminal activity.

In order to sort out 203,769 transactions for a total of $ 6 billion, the research team used a machine-learning algorithm. The results were highly controversial: 77% of transactions were not classified at all, 21% were recognized as full and only 2% were illegal. And yet, researchers confidently state that artificial intelligence can significantly increase the effectiveness of anti-money laundering procedures.

Less than month ago, a similar study was conducted by Chainalysis and, according to its data, the share of transactions in the Bitcoin network related to criminal activity in 2019 is estimated at about 1%. That is, in general, the data from Elliptic analysts are almost no different from the results of a study conducted by Chainalysis. Note that in 2012 this figure was 7%.

Law enforcement agencies often turn to Elliptic for help, especially when it is necessary to identify cases of illegal use of cryptocurrencies. Algorithms developed by the company help determine whether Bitcoin is used for legitimate purposes, for example, by people who do not have access to banking services, or if unknown attackers try to use cryptocurrency for illegal activities.

“Despite the high performance indicators of our algorithms, their use is still fraught with some problems, the largest of which is false positives. The main objective of this study was to reduce the number of such responses. However, the key conclusion is that such machine-learning algorithms are very effective at detecting illegal transactions, ”said Elliptic co-founder Tom Robinson.

Robinson also noted that in some cases, the system detected patterns for which it is difficult to find a description, but they corresponded to confirmed cases of illegal activities related to darknet markets, attacks by ransomware and other criminal activity.

News Alert: Kadant Inc. (NYSE: KAI)

WESTFORD, Mass., June 23, 2019 – Shares of Kadant Inc. (NYSE: KAI) gained 0.14% to $91.06. The stock grabbed the investor’s attention and traded 272.766K shares as compared to its average daily volume of 72.87K shares. The stock’s institutional ownership stands at 95.10%.

Kadant Inc. (KAI) reported first-quarter profit of $10.90M.

First Quarter 2019 Results:

Revenue increased 15 percent to $171.30M contrast to the first quarter of 2018, counting $20.60M from an acquisition and a $7.00M decrease from the unfavorable effect of foreign currency translation. Excluding the impact of an acquisition and foreign currency translation, revenue increased six percent contrast to the first quarter of 2018. Gross margin was 41.2 percent, counting a 1.3 percent negative impact from the amortization of attained profit in inventory. Net income was $10.90M, or $0.96 per diluted share, in both the first quarters of 2019 and 2018. Adjusted diluted EPS increased 16 percent to $1.24 contrast to $1.07 in the first quarter of 2018. Adjusted diluted EPS in the first quarter of 2019 excludes $0.22 of amortization from attained profit in inventory and backlog and $0.06 of acquisition costs. Adjusted diluted EPS in the first quarter of 2018 excludes $0.05 of restructuring costs, $0.04 of discrete tax expense, and $0.02 of amortization from attained backlog.

Adjusted EBITDA increased 27 percent to $30.00M contrast to $23.50M in the first quarter of 2018. Adjusted EBITDA excludes $3.30M of amortization from attained profit in inventory and backlog and $0.80M of acquisition costs in the first quarter of 2019 and $0.80M of restructuring costs and $0.30M of amortization from attained backlog in the first quarter of 2018. Cash flows from operations increased 37 percent to $9.90M contrast to $7.20M in the first quarter of 2018. Bookings increased to a record $183.60M contrast to $181.90M in the first quarter of 2018, counting $24.50M from an acquisition and a $7.70M decrease from the unfavorable effect of foreign currency translation. Excluding the impact of an acquisition and foreign currency translation, bookings reduced eight percent contrast to the first quarter of 2018.

KAI has a market value of $1.02B while its EPS was booked as $5.22 in the last 12 months. The stock has 11.16M shares outstanding. In the profitability analysis, the company has gross profit margin of 43.10% while net profit margin was 9.20%. Beta value of the company was 1.23; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.50.

Eye-Catching Stock: John Bean Technologies Corporation (NYSE: JBT)

CHICAGO, June 23, 2019 – Shares of John Bean Technologies Corporation (NYSE: JBT) showed the bullish trend with a higher momentum of 1.33% to $118.26. The company traded total volume of 364.586K shares as contrast to its average volume of 156.74K shares. The company has a market value of $3.69B and about 31.22M shares outstanding.

John Bean Technologies Corp. (JBT) reported first-quarter profit of $19.70M. On a per-share basis, the Chicago-based company said it had profit of 61 cents. Earnings, adjusted for restructuring costs, were 77 cents per share. The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The food processing and transportation services company posted revenue of $417.50M in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $387.0M. For the current quarter ending in July, JBT anticipates its per-share earnings to range from $1.05 to $1.10. The company anticipates full-year earnings in the range of $4.35 to $4.55 per share.

The Company offered net profit margin of 6.40% while its gross profit margin was 29.10%. ROE was recorded as 27.60% while beta factor was 1.47. The stock, as of recent close, has shown the weekly upbeat performance of 3.37% which was maintained at 64.68% in this year.

Worth Watching Stock: Illinois Tool Works Inc. (NYSE: ITW)

GLENVIEW, Ill., June 23, 2019 – Shares of Illinois Tool Works Inc. (NYSE: ITW) declined -0.16% to $151.93. The stock traded total volume of 1.467M shares higher than the average volume of 1.24M shares.

Illinois Tool Works Inc. (ITW) reported first-quarter earnings of $597.0M. On a per-share basis, the Glenview, Illinois-based Company said it had profit of $1.81. The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.

The equipment manufacturer for the transportation, power, food and construction industries posted revenue of $3.55B in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $3.64B. Illinois Tool Works anticipates full-year earnings to be $7.90 to $8.20 per share.

ITW has the market capitalization of $49.58B and its EPS growth ratio for the past five years was 15.90%. The return on assets ratio of the Company was 16.40% while its return on investment ratio stands at 25.90%. Price to sales ratio was 3.40 while 79.60% of the stock was owned by institutional investors.