HVAC Ukranie-Russia War - HVAC Impact in Asia

APRIL 2022
N E W S
India Compressor Market
to 2024
Refrigeration Oil Market
Worth $1.4 Billion by
2024
Refrigerated Transport
Market - Global Forecast
to 2025
44 48 52

Central Vacuum Systems
Innovative design for improved efficiency
1

E D I T O R ‘ S N O T E
As Russia’s armed war
with Ukraine enters
its fourth week, it
risks disrupting the
global supply system which
is still recovering from the
COVID-19 pandemic’s effect.
Russia has been hit hard by
Western sanctions in response
to the invasion of Ukraine,
including the deactivation of
many Russian banks from the
interbank payment system
SWIFT.
As a result, the ongoing conflict
may have a negative impact on
industries that rely on Russian
raw materials, particularly
industrial commodities. All of
this could lead to another wave
of shortages in a globe already
reeling from the pandemic’s
effects. Additionally, it might
result in price increases at a
time when inflation is a key worry
for governments worldwide,
affecting companies and
individuals alike.
Apart from general inflation,
white goods such as air
conditioners and refrigerators
are projected to suffer price
increases owing to rising
copper, aluminum, steel, and
plastic costs. In India, this has
prompted firms such as Godrej
Appliances, Usha International,
and television manufacturer
Superplastronics to advise
customers to postpone
purchases in order to save
money.
The HVAC Pandemic Year
Eric Braganza, said that consumers have already seen prices
rise at the start of January, and this quarter, the price may
increase again by around 5% due to inflation in commodities.
On top of rising raw materials, the price of white goods is
significantly dependent on lead time. Unfortunately, ever
since COVID-19 first spread around the world, freight rates
have skyrocketed. With global transportation already badly
hampered by the pandemic’s aftermath, the conflict is expected
to exacerbate the situation. Ocean shipping and rail freight
are expected to be impacted. Apart from the battle, numerous
countries are also limiting their airspace to Russian-registered
aircraft. This is expected to have a global impact on the aviation
industry, thus lengthening the lead time of white goods and in
turn, increasing prices.
The Consumer Electronics
and Appliance Manufacturers
Association (CEAMA), led by

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Ukraine-Russia Warr: HVAC
Impact Asia
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India Compressor Market to
2024
48
Refrigeration Oil Market Worth
$1.4 Billion by 2024
52
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- Global Forecast to 2025
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FEATURE STORY
Top 10 Home Products
& Hardware Items that
Cebuanos Will Love
Cebuanos will surely love these ten (10) items we have for you. If you are interested in
buying these products, you could buy them directly from the website of CBK Hardware.
CBK Hardware is a trusted distributor of hardware and home improvement products and
is now available to deliver in Cebu.
#1 Gateman Knob Set
Cylindrical Entrance Satin
Stainless Steel
This knob set provides the perfect doorknob for
your rooms. Its cylindrical satin stainless steel would
work perfectly with a white or brown wooden door.
Gateman is also famous for providing security and
privacy, increasing customer safety from home
intruders, and decreasing wear and tear.
Click here to buy directly from the distributor.
#2 Tactix Shelving Unit 5-Layer
34” x 14” x 72”
This shelf features a bolt-free assembly design,
which can also serve as a workbench. Its powdercoated
finish prevents any rusts and scratches from
appearing on your product. This shelf can carry up to
50 kgs of anything you choose, making it the perfect
shelf in your garage or warehouse.
Click here to buy directly from the distributor.
8

#3 Stanley Wet/Dry Vacuum
Cleaner Poly Series 2.5 Gallon
900W
Are you looking for an upgrade from your traditional
broom and dustpan? This vacuum cleaner removes the
hassle of cleaning while saving you the backache.
This Stanley vacuum cleaner can clean larger spaces,
ranging from offices, stores, kiosks, restaurants, and
your home. This product comes with two extension
wands, a foam filter, a crevice tool, a floor nozzle, a
dual surface nozzle, and a collection bag.
Click here to buy directly from the distributor.
#4 Stanley Impact Drill 13 MM
800W
This impact drill is perfect for those professionals
looking to upgrade their tools and equipment.
This drill features a 800W powerful motor that
provides exceptional performance for efficiency
and effectiveness. Its durable metal gear makes it
more durable than the others.
Click here to buy directly from the distributor.
#5 Shopvac Micro 4 Liters Wet
and Dry Vacuum Cleaner 1100W
This vacuum cleaner removes any dust and dirt
in those unreachable places your broom could
not reach in your home. Accompanied by its
lightweight feature, this vacuum cleaner is relatively
easy to use, even for those who have never used a
vacuum cleaner before. This product comes with
three plastic extension wands, a wall bracket, and
a collection bag.
Click here to buy directly from the distributor.
9

FEATURE STORY
#6 Westinghouse Stand Fan
Metal Grill 20” 150W
This stand fan is perfect for the hot weather
Cebuanos experience during the summers.
Westinghouse created this stand fan to provide
the highest airflow requirements, cooling larger
commercial areas. Despite its high-power
performance, Westinghouse designed this
standing fan to remain relatively quieter than the
others in the market.
Click here to buy directly from the distributor.
#7 Westinghouse Floor Fan
Metal Grill 20” 150W
This Westinghouse floor fan provides the famous
strong airflow while being relatively smaller and
lightweight than the others in the market. There are
three speeds, providing a maximum of 1,250 RPM
and 75 DBA. Its black and silver ABS blade perfectly
blends in the background of your home.
Click here to buy directly from the distributor
#8 JINMAO 3-Step Aluminum
Household Ladder
Another household appliance you need to have
is the JINMAO household ladder. This ladder
features an aluminum design with an anodizing
finish. This ladder is rust-proof and lighter to
make it easier to carry around the house. This
ladder carries a GS Certificate and meets the
EN131 Standard.
Click here to buy directly from the distributor.
12

#9 Westinghouse Ceiling Fan
3-Blade= 42” Alloy Gunmetal
This ceiling fan features a black and graphite material,
making it the most minimalistic style for your living
room, dining area, or bedroom. The blade measures
105 cm, making it the perfect size for a smaller
studio-type unit. There are also two directions of
rotation you can pick and three rotational speeds that
are adjustable by a chain.
Click here to buy directly from the distributor.
#10 Safewell Graphite Electric
Safe
Secure your passport, jewelry, and excess cash on
this electronic safe. Its lightweight nature makes
it easy to conceal in your cabinet or under your
desk.
The dial on the safe allows you to access the safe
without any battery or external energy. This safe
also comes with an emergency key if you forgot
your password. The steel is waterproof, fireproof,
and gun-proof for better protection.
Click here to buy directly from the distributor.
Where to Buy?
For 100 years, Co Ban Kiat Hardware Inc. has been the most trusted distributor of home improvement
and hardware items in the Philippines.
Let’s shop wisely. #StayAtHome and order online at your convenience. Visit us on the following sites
and enjoy deals, discounts, and more!
Lazada Store:
Website: https://shop.cbkhardware.com/
Facebook: https://www.facebook.com/cbkhardware/
Instagram: http://www.instagram.com/cbkhardware
Join our Fast Growing Viber Community https://bit.ly/3ebeCXU
13

FEATURE STORY
Co Ban Kiat Hardware, Inc.
Ground Floor, Cobankiat Building II
231 Juan Luna St. Binondo Manila, Philippines.
Phone +632 8243-1931
Phone +632 8242-6925
Phone +632 8894-6561 & +638-272-931-981
Email info@cobankiat.com.ph;
ind@cobankiat.com.ph
Coby’s Design Center
Unit 467 level 4 Shangri-La Plaza
Edsa Corner Shaw Boulevard
Mandaluyong City, Philippines
Phone +632 86364895
About CBK Hardware
For almost a hundred years, a family’s surname has become synonymous to the country’s biggest
hardware supply company. Co Ban Kiat Hardware Incorporated, of the Cobankiat family has a regular
client network of more than 1,500 industrial organizations; 1,600 traditional community hardware
stores, and 584 home building specialty chain of stores across Luzon, Visayas and Mindanao. This evergrowing
conglomerate traces its humble roots to Manila Chinatown, as a pioneer enterprise started by
family’s patriarch, Mr. Cobankiat in 1920. Despite the ruins of World War II, the business goes back to
its feet in 1948, rebuilding a storefront from the very same spot where it was known for three decades.
16

This ever-growing conglomerate traces its humble roots to Manila Chinatown, as a pioneer enterprise
started by family’s patriarch, Mr. Cobankiat in 1920. Despite the ruins of World War II, the business goes
back to its feet in 1948, rebuilding a storefront from the very same spot where it was known for three
decades.
While the Filipinos continue to rebuild their lives post war, CBK Hardware sees the opportunity to
introduce the retail concept once unheard for in hardware industry. Cobankiat Hardware brought
the first DIY business in the Asia. A do it on yourself concept that created Cobankiat hardware in the
Philippines. The Hardware Workshop Store is the fruit if this endeavor. CBK Hardware further cemented
its legendary distribution channel with the creation of Coby’ Design Center in Edsa Shangi La in 1996, a
specialty store that caters to discriminating taste of modern Filipinos.
In 1997, Mr. Johnny Cobankiat, the 4th generation Cobankiat leader, set another milestone for the
company when he brings a franchise of Ace Hardware USA to the Philippines, and signs up CBK Hardware
as one of its major suppliers. This further expanded into delivering quality world class products nearer to
families of Filipino overseas workers in the countryside.
A century’s excellence can quickly pass, and guided by the vision to be the largest network supplier of
the biggest global brands in the hardware industry, CBK Hardware resolve to source the best products to
supply its customers anytime and every time.
17

THE NEW
GENERATION
VACUUM PUMP SYSTEM
SC 920
with wireless remote control

FEATURE STORY
LG Launches New Virtual
Platform For Air Solution
Technology
The LG HVAC Virtual Experience Provides Visitors with the Opportunity to Explore a Wide Range of
Residential and Commercial Solutions
As consumers and business have looked to online recourses to help influencer their purchase
decision, virtual experiences have become a key trend. In light of this, LG Electronics
(LG) Home Appliance & Air Solution Company has opened a new online showroom,
LG HVAC Virtual Experience. Utilizing the latest in digital technology, this interactive
online showroom lets visitors get to know LG’s diverse range of residential and commercial indoor
environmental solutions from the comfort and safety of their homes.
The showroom delivers an intuitive, virtual experience that lets visitors view the compa-ny’s latest
solutions in a variety of virtual environments to learn about the benefits they provide, such as greater
comfort, improved indoor air quality and seamless control, all important in helping customers make
informed and important decisions for the family or employees.
20

Upon entering LG HVAC Virtual Experience, visitors can choose from a range of busi-ness and living
space categories: Residential Apartment, Residential Villa, Office Gen-eral, Office High-Rise, Retail
and Hotel. Customers can roam the 3D environments freely using their mouse or touchscreen. Menus
offer additional information on every model, including specifications, features, product videos and case
studies. Simple to use and navigate, LG’s new virtual platform is a great tool for consumers, industry
profes-sionals and partners looking to create healthier and more comfortable indoor spaces.
What’s more, the virtual showroom allows visitors to see the behind-the-scenes details and technologies.
Press the onscreen Airflow and Piping buttons to see how air travels in an air conditioner or air purifier
and how pipes direct water and refrigerant through a system. Virtually switch operational modes and
observe how airflow changes from one air conditioner to another. Beyond the technology and science,
the showroom is also a great place to check out all the products’ stylish designs to see how they match
various virtual interiors.
LG HVAC Virtual Experience is an open, engaging online resource that will give visi-tors a thorough
understanding of LG’s latest, optimized HVAC solutions for all kinds of spaces, helping them figure out
which products are best suited to their specific needs.
Visit LG Virtual HVAC Experience to discover the company’s latest indoor environ-mental comfort
technologies on your PC or smartphone.
About LG Electronics Home Appliance & Air Solution Company
The LG Home Appliance & Air Solution Company is a global leader in home appliances, smart home
solutions, air quality systems as well as visionary products featuring artificial intelligence. The company
is creating total solutions for the home with its industry leading core technologies and is committed
to making life better for consumers around the world by developing thoughtfully designed kitchen
appliances, living appliances and air solution products. Together, these products deliver enhanced
convenience, superb performance, efficient operation and compelling health benefits. For more
information, visit www.LG.com.
21

Control your usage. Control your costs.
Smart meters and Automated Meter
Reading help you keep a tight rein on
your energy usage, and stay in control
of costs.
Intelligent
metering

CONTROLLERS
FOR HVAC SYSTEMS

24

If you’re in the market for an air conditioner or a refrigerator this summer,
you may have to pay a premium for your convenience. With the Ukraine
situation worsening, top producers of consumer durables such as smart
TVs, air conditioners, and refrigerators have warned of an increase in
prices in the weeks ahead.
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C O V E R
S T O R Y
28

Apart from general inflation, as Russian military troops
march farther into neighboring Ukraine, prices of critical
raw commodities such as copper, aluminum, steel, and
plastic are now threatening substantial cost increases for
white goods. Russia and Ukraine are the world’s largest
producers of metals including nickel, copper, and iron.
Additionally, they play a significant role in the export
and fabrication of other critical raw materials, such
as neon, palladium, and platinum. Russia’s sanctions
have pushed up the price of certain metals. Nickel and
copper costs, which are utilized in the manufacture of
white goods, have risen significantly, as well.
This has prompted firms such as Godrej Appliances,
Usha International, and television manufacturer
Superplastronics to encourage customers to postpone
purchases in order to save money. As a result of
escalating tensions between Russia and Ukraine,
Godrej Appliances Business Head and Executive Vice-
President Kamal Nandi believe that the commodities
market may endure significant price increases. Tensions
have already driven commodity prices, such as crude
oil, aluminum, and copper, to multi-year highs. Iron ore
and steel costs might likely climb higher if the dispute
escalates.
Nandi reports that due to the fact that they currently
have goods on hand, this may not have an immediate
effect on our AC costs. March is therefore the optimal
month for customers to make purchases, particularly if
they choose to acquire air conditioners.
Recognizing the continuous price increases for over
a year, Nandi continued that rising commodity prices,
worldwide freight costs, and raw material shortages
have resulted in considerable price increases in the
white goods industry over the last year. According to
industry estimates, the majority of prominent companies
increased appliance and electronics costs by 15-30%
last year due to an increase in components, metals,
plastic, and shipping costs of 25-500%.
The Consumer Electronics and Appliance Manufacturers
Association (CEAMA) President, Eric Braganza, said
that the sector already saw a price increase in early
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AIR COOLED LIQUID CHILLERS
WCHAXT/Y-B SERIES (64 - 313TON)

C O V E R
S T O R Y
January, and they anticipate another approximately 5% increase this quarter as a result of
rising commodity inflation. Since the first outbreak of COVID-19, global freight prices have been
increasing. Excessive freight costs might be detrimental to both customers and the business.
Braganza observed that in the long term, it is critical to maintain fair transportation costs in order
to keep commodity prices under control. Currently, if the situation continues, global oil prices will
rise, perhaps increasing freight costs, which would have an effect on the sector.
Avneet Singh Marwah, CEO of Superplastronics - the exclusive brand licensee for Thomson,
Kodak, and Blaupunkt televisions in India - in addition to a significant drop in commodity prices,
which increased manufacturing costs, lead times (for ocean freight delivery) have also increased
due to supply and logistics issues. As a consequence, the expected arrival times of boats
throughout the world would be severely impacted. Last but not least, maritime freight rates would
increase again due to vessel scarcity.
40

According to Dinesh Chhabra, Chief Executive Officer of Usha International, since Ukraine is a
significant supplier of minerals such as copper, this conflict might potentially result in a shortage
of these materials, resulting in higher mineral pricing. The sharp rise in crude oil prices and the
threat of a European recession would almost certainly result in an increase in import expenses.
Chhabra remarked that they are now reviewing the situation and will have a clearer understanding
of the effect in a few days.
Russia’s attack on Ukraine has already shook not just those states, but also the region and
the globe, demonstrating the critical need for a global safety net and regional mechanisms to
cushion economies. While some effects may take years to manifest fully, it is already evident that
the war and the associated price hikes of essential commodities will complicate the attempts of
some countries’ policymakers to balance the need to contain inflation with helping the economy
recover from the pandemic.
41

Precision, Specialty
& Innovation
Solutions
For HVAC/R

PRECISION ENGINEERING
SOLUTIONS
Vacon AC
Frequency
Inverters
type NXL

NEWS
India Compressor
Market to 2024
The Indian compressor market is projected to attain a value of $2.7 billion by 2024, growing at
a 7.0% CAGR during 2019-2024
The major factor contributing to the
growth of the market is the rising
demand for such devices from the
automobile sector due to the rising
disposable income in the country. Further,
the growth of the manufacturing sector is
being supported by government initiatives,
thereby driving the year-over-year growth of
the compressor market. The high-capacity
industrial compressors are directly sold to
end users, while the low-capacity ones are
sold through middlemen.
The Indian compressor market is bifurcated
into portable and stationary compressors,
based on portability. The category expected
to register faster growth during the forecast
period is stationary compressors. This could
be related to the growing manufacturing
and automotive industries in the country.
Stationary compressors find application
in the automotive sector for rotating tires
and other simple tasks. With more focus on
foreign markets, Indian car manufacturers
are increasingly investing in innovation and
increasing exports, which are expected to
support the market growth.
Based on type, the Indian compressor
market is subdivided into dynamic and
positive displacement compressors.
Between these, positive displacement
44

compressors generated the larger demand.
Further, industries such as semiconductors,
chemical, automotive, and steel are the major
consumers of the rotary type of compressors,
therefore this compressor type is expected to
provide lucrative opportunities to the market
players in the forecast period. Machining
improvements, better rotor profiles, and
design innovations are driving the demand
for these compressors, thereby fueling the
growth of the market.
The categories of the Indian compressor
market on the basis of application are food
& beverages, industrial manufacturing,
construction, automotive, textile, chemical
& cement, power, heating, ventilation, air
conditioning, and refrigeration (HVAC-R), and
oil & gas. The largest market share was held by
the automotive industry in 2018. Compressors
play an essential role in the automobile sector,
as besides being used in HVAC systems,
these are utilized in tire inflation, cutting
and welding, engine construction, product
finishing, and car painting.
During the forecast period, the southern
part of the country is projected to record
considerable growth in the compressor market
of India. Among southern Indian states, the
highest demand for compressors has been
generated by Tamil Nadu during the past
decade. As mentioned in the 2017-2018 state
budget, the state government is planning to
invest $2.6 billion in the energy sector as well
as increase the automobile manufacturing
capacity to 5.8 million units by 2020.
With the growing need for energy-efficient
compressors, IoT-enabled variants are
anticipated to make it to the Indian compressor
market in the forecast period. Compressors
are essential in the equipment manufacturing
process, as their operational failure could
directly impact the production process of
businesses. In the future, sensor-integrated
compressors would become imperative in
the manufacturing process for predicting and
detecting maintenance needs.
45

RIDE CONTROL
Integrated Kinetic
H2 CES System
Ride control innovation, accelerated SM

NEWS
Refrigeration Oil
Market Worth $1.4
Billion by 2024
The Refrigeration Oil Market is projected to reach USD 1.4 billion by 2024, at a CAGR of 4.7%
from USD 1.1 billion in 2019.
Emerging economies are witnessing
rapid urbanization along with a rise in
disposable income. The consequent
increase in the standard of living
and growing consumption of convenience/
packaged food products, coupled with the
mass adoption of vaccines and drugs will
drive the demand for refrigerators, freezers, air
conditioners, and automobile HVAC systems.
This will fuel the demand for refrigeration oil,
ultimately driving the refrigerator oil market.
Synthetic oil is the largest segment of the
Refrigeration Oil market.
The synthetic oil segment accounted for the
largest share of the refrigeration oil market in
2018, in terms of value. Synthetic refrigeration
oil has several advantages over conventional
mineral refrigeration oil, such as high viscosity
index, superior chemical resistance, excellent
shear stability, and stable performance
in extreme conditions. Additionally, its
compatibility with low GWP and modern
refrigerants gives it an added advantage over
mineral refrigeration oil.
Refrigerator & freezer application is estimated
to be the largest segment of the natural
fragrance market during the forecast period.
48

The refrigerator & freezer application is
estimated to be the largest segment of the
refrigeration oil market, in terms of value,
during the forecast period. The growth of
this segment can be attributed to the rising
demand for packaged food items and the
changing lifestyle of people in developed and
developing regions.
APAC is estimated to be the largest market for
Refrigeration Oil during the forecast period.
The APAC region is estimated to lead the
refrigeration oil market in 2018 in terms of value
and volume. The increasing population in the
region and the rising demand for refrigerators,
freezers, air conditioners, and automobiles
in the emerging markets of APAC, such
as China and India, are some of the major
factors projected to drive the demand for
refrigeration oil in the region. Furthermore, the
improving lifestyle, increasing employment
rate, rising disposable income of the people,
and mounting foreign investments in various
sectors of the economy are some of the other
factors that make APAC an attractive market
for refrigeration oil manufacturers.
The key market players profiled in the
report include JXTG Group (Japan), BASF
(Germany), Idemitsu Kosan Co. (Japan),
Royal Dutch Shell (Netherlands), ExxonMobil
(US), BP (UK), PETRONAS (Malaysia),
Chevron (US), Total (France), Sinopec Group
(China), FUCHS (Germany), and Johnson
Controls (Ireland).
49

M: +63 921 7105796

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NEWS
Refrigerated Transport
Market - Global
Forecast to 2025
The U.S. cold storage market size is estimated to reach USD 19.69 billion by 2025,
expanding at a CAGR of 3.7% over the forecast period, according to the report.
U.S. is widely regarded as one of the leading markets in developing technologies
responsible for effective management of cold storage processes. The market
is expected to offer growth opportunities for the pharmaceutical industry. Inventory
management of pharmaceutical goods such as vaccines and medicines is an expensive
process, which necessitates adequate security measures to be undertaken for protection
of product quality. Advanced cold storage technologies that offer beneficial features, such
as advanced refrigeration technologies and monitoring and tracking systems of various
products like fruits and vegetables, significantly mitigate the possibility of wastage of
temperature-sensitive goods.
Growth of the U.S. cold storage market is profoundly influenced by extensive demand for
perishable goods worldwide along with the availability of food and health supplies, and
economic and political scenario. For instance, trade conflicts between U.S. and China is
52

expected to negatively impact the growth. In March 2018, U.S. imposed a 25.0% tariff on
steel and 10.0% on aluminum imported from China. The latter country, in turn, announced
a 15-25.0% tariff on products imported from U.S., including pork, fruits, wine, nuts, and
vegetables. These high tariffs imposed on food and agriculture produce are expected to
negatively affect market growth.
Furthermore, outsourcing cold and frozen storage operations offers manufacturers
various cost benefits.This can help eliminate costs associated with warehouse space and
management, technology, transportation, and labor.
Operational costs such as employee salaries, heating and cooling expenses, insurance, and
electric power cost can also be reduced by working with supply chain partners. As a result,
manufacturers can increase their profit margins and focus on core business activities such
as quality product manufacturing, expanding customer base, and satisfaction of customer
needs.
Further key findings from the report suggest: • Rising demand for healthy food, import and
export of refrigerated foods, and increasing private sector participation are expected to
propel market growth • Provision of cold storage facilities assists in extending the shelf life of
perishable goods such as fresh agricultural produce and frozen foods • Growing automation
in warehouse management is anticipated to spur the growth over the forecast period •
Numerous initiatives undertaken with the objective of reducing wastage of post-harvest
and processed foods is also expected to boost the market • Some of the key participants
operating in the U.S. cold storage market are Americold Logistics, LLC, AGRO Merchants
Group North America, Burris Logistics, Cloverleaf Cold Storage, Henningsen Cold Storage
Co., Lineage Logistics Holdings, LLC, Nordic Logistics, LLC, Preferred Freezer Services,
United States Cold Storage, and Wabash National Corporation
53

CombiSeries TM
Making temperature and pressure measurement
safe and convenient

N E W S
S T O R I E S
How Work Site Risks and
Accidents are Causing
Machinery Insurance
Prices to Rise
There have been many reports of
machine insurance costs rising in
recent months, but why should this be?
What are the factors that influence the
cost of heavy machinery insurance, and what
can you do to keep your costs down?
These are questions that we will be looking
at in the article that follows, so let’s begin by
talking about the various factors that can have
an impact on your machinery insurance costs.
Influences on Machinery
Insurance Costs
For a detailed look at machine
insurance, we recommend you check out
fastmachineryinsurance.com.au as they
are experts in the field and there’s plenty of
informative content to look at there. Meanwhile,
let’s look at the main factors that influence
insurance costs in the industry.
The Risk Factor
Insurance is always governed by the risk
factor. This is why heavy plant will cost more to
insure than, for example, a small commercial
vehicle. Heavy machinery is a term that covers
many different types of equipment, and the
risk involved with each will be different. An
insurance assessor will consider the evident
risk with a certain machine, and that will be
built in to the calculations that determine the
cost.
Higher risk of damage or accidents – and
especially of injury – mean higher insurance
costs, so it is certainly worth assessing your
own machinery for risk and doing all you can
to reduce that. Send your operator on a health
and safety course or an advanced training
course in the use of the machine and agree
with your insurer that only select persons will
operate each machine, and you may see a
reduction in your policy cost.
Fraud and Theft
In all industrial buildings and on sites insurance
is essential especially as protection against

theft and fraud. Fraud is not a common problem
with industrial machinery, but theft certainly
is. A recent report showed that, for example,
theft of GPS enabled agricultural machinery
is becoming more commonplace, and when
reports of this sort are published the rates rise.
Theft from construction sites is surprisingly
common, especially where heavy plant has to
be left on site overnight. No security measure
is 100% secure, but you need to show your
insurer that you have carried out every
available security measure to protect your
plant from theft and vandalism. Once they are
satisfied that you have done so your premium
will reduce.
The Place of Work
Another influence on the cost of an industrial
insurance premium is that of your place of
work. By this we mean two things: the actual
building or site, and the location. Just as with
some domestic locations certain areas have
a higher risk of theft, and this will apply to
commercial and industrial addresses also. If
incidences of crime are high in the area where
you are constructing, then the insurance on
your machinery will be higher than in a low-risk
area.
If the site is complete with numerous hazards,
then additional weight will be put on the risk
of accidents, and this will add to the cost. The
same applies if you are working in a hazardous
or poorly maintained building. There is little
that can be done other than to ensure you
have put in place procedures for reducing the
effect of any hazards and demonstrating this
to the insurance company.
Security System
As with a home or car, a good security system
will help keep your machinery insurance costs
as low as possible. This applies to systems
attached to vehicles and equipment as much
as to the site itself. The best security for a
construction site is to have a couple of guards
on site at all times. This may be an expensive
measure, but it is a proven success.
For industrial buildings an alarm and
surveillance system is essential and will deter
those looking to break in, while it can also be
used to view film of accidents that happen
on site and assess how to prevent them from
happening again.
Prior Claims
If you have made prior claims for insurance
pay-outs for accidents, for example, that area
of your insurance will cost more. The way
an insurer looks as it is that if an accident
has occurred, it is more likely that others will
happen. It may seem that this is the wrong
way around, but in fact it is a statistical fact
and statistics are used to assess risk. Your
insurance policy cost will always rise when you
make a claim, so we recommend you talk to
your insurer about how best to minimise this
risk.
Insurance is about assessing various risks and
coming to an agreement, so make sure you
have everything in your policy that applies,
and also that you are not paying for clauses
that do not cover your business type as this is
a common mistake with insurance policies.

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N E W S
S T O R I E S
60
Causes And Fixing
Instructions For Car
Engine Stalling When
Meta: You find it challenging to figure
out what accounts for your car
engine stalling when hot, and how
to fix it. Then this post will come in
handy for you.
Almost every driver may at least in their lifetime
encounter the problem of their car engine
stalling when hot. Typically, the issue does
not turn out to be serious if diagnosed early
and tackled. However, sometimes it is such
a challenge to get the hang of the problem’s
roots quickly.
With that in mind, we are here to give you a
comprehensive guide about the common
causes The of world car stalling has undeniably when engine experienced hot and
the most a lot straightforward of growth and modernization; solutions that from you
can follow. areas So like let’s online take a look shopping, at it! banking,
communication, and even health
care. The real estate industry however, isn’t
Common Causes Of Car Engine
progressing as much as other industries, with
Stalling old fashioned When methods Hotstill being mostly in
use; despite there being a lot of revolutionary
Commonly, means of making there are things a host easier of factors and better. that How can
impact can we your modernize car’s operation the world once of real the estate? engine
is hot. Generally, they can include wrongly
adjusted specifications or the lack of regular
maintenance. Automation of Financial
Transactions
Improperly adjusted
specifications
Five Steps to
Modernize the Real
Estate Industry
Automation has become widespread,
especially with regards to transactions that
can be conducted online. One way of neatly
For internal combustion engines running
incorporating this into real estate would be
on gasoline fuel, the timing of ignition, as
well as the ratio of compressed air mixture,
Hot
to automate financial aspects of real estate
transactions. For example, getting a mortgage
can be automated by creating platforms
where the process is carried out from behind
one’s computer without having to go to the
bank or visiting a mortgage broker. Also, the
questions such as “how much I can afford to
buy a home” should be answered all online
without going to mortgage broker or any bank.
Use of Smart Online Hiring
Platforms
Historically, real estate is one industry that
has prospered via word-of-mouth referrals.
However, the use of smart online hiring
platforms is proving to be even more effective
than old fashioned referrals. The major
challenge here is that real estate transactions
are often highly financially intensive, making
the risk higher and because of this, customers
are more interested in looking through their
options with a fine tooth comb (this is reason
one-on-one recommendations is the go-to
will significantly affect the capacity of the
method for choosing a realtor).
vehicle. Thus, wrongly adjusting this ratio will
significantly affect the engine operation, and
thus
With
lead
platforms
to overheating.
like Wowa however, you get
to choose the suitable realtors from the
For comfort example, of your the living standard room; air same mixture for excellent ratio is
1/15, freelancers which means whom you that can 1 gram readily of gasoline get access will
need to through 15 grams Upwork. of air. It If has it is changed been suggested to 1/11
or that 1/18, for these standard platforms specifications to have maximum of a car
engine efficacy, are they modified, should which have explains features why of both the
car online engine shopping stalls once and dating hot. platforms. This is
the exciting future of hiring platforms!
Also, for diesel-powered cars, the incorrect
adjustment of the high-pressure pump in the

Invest in Photography
timing and injection flow will possibly make
the car engine overheat and release back
Technology
fumes. The overheated diesel engine can
be the potential cause of irritating stalling
A problems. potential buyer should be able to have a
feel of the property he/she is about to invest
in, and what better way to achieve this than
through
Lack of
innovative
regular
photography?
vehicle
Using the
clear maintenance
and breath-taking pictures in addition
to the sophisticated technology, one feels
walking If the owners directly do not into regularly the building do maintenance right from
behind for their the cars, computer it will give (similar rise to some to Google parts street being
view). worn out, In a corrosive, couple of wrongly decades lubricated, when virtual etc.
reality This eventually has also been brings fully about established, some problems it would
be for a their lot easier cars, to visit especially aspects the of car a property stalling
virtually. problem when the engine is overheated.
Here are some common parts in your vehicle
Check that you the should Fair pay Value attention of to the and have
Property them serviced Online or replaced to avoid your
vehicle engine stalling when warm.
In the future, platforms should be able to
evaluate • Faulty properties cooling system: online The accurately. malfunctioned What
this cooling would imply system for may both have buyers difficulty and quickly sellers
is that transferring they would the be combustion able to get an heated accurate gas
valuation
to the
for homes
cooling
via
chamber,
the aid of advanced
resulting
AI
in
platforms
the engine
after giving
components
the address,
not
answering
operating
correctly and smoothly.
a couple of questions (typically less than 30
• Bad thermal valve: The function of the
questions), and uploading less than 50 photos
thermal valve is to regulate water passing
from the property.
through the cooling tank, thereby reducing
the engine heat. So if the valves are out
of order, the water to cool the engine
will be transferred slowly, impacting the
heat transfer process and causing an
overheated engine.
• Dirty cooling water tank: If the cooling
water tank is too dirty or clogged with dirt
because of not being cleaned regularly, it
will cause limited heat dissipation, making
the engine become too hot and work
improperly.
• Defective or broken fan: The fan works
with the radiator and valve to cool
the heated engine during the vehicle
operation. Hence, if the fan is damaged,
the engine’s cooling efficiency is reduced,
accounting for the car engine not running
well when too heated.
• Insufficient engine oil: Lubricants
are responsible for lubricating engine
components, filtering dirt, and minimizing
There the are friction currently created some between platforms, pistons e.g. and
zestimate cylinders. by Thus, Zolo unless in US, the which oil is help changed the
real or estate checked customers regularly, with the the engine approximate has to
property work quickly valuation. and overheat.
The Instructions Use of Less To Tackle Friction The and
Less Engine Commission Stalling When Hot
As When with encountering stock trading the problem in which of vehicle broker
commissions engine stalling have when hot, dropped you could significantly check for
within any Technical the last 10 Service years, Bulletins commissions (TSBs), for which real
estate may be agents issued have by the to drop producer to reflect to help the fact you
that
quickly
buyers,
detect
sellers
the
and
problems
online
that
platforms
they have
now
do
figured
some
out
of the
and
realtor
posted
jobs.
a fix.
30 years from now,
there might not even be real estate agent jobs
Hence, just a few minutes looking through
as people would be making purchases from
Technical Service Bulletins can spare you
behind their laptops.
many hours of trying to diagnose the problems.
If your vehicles are up-to-date models, you
Wrapping
need to reflash
Up
the power-train control module
(PCM ) instead of replacing other things.
With other industries picking up the pace
with Besides, regards you to should technological use a scan developments,
tool and look
it’s into the history time that codes the or real pending estate codes industry even
also when becomes the Malfunction modernized, Indicator so as Lamp to make (MIL)
transactions is not (it easier can be for due buyers to the and faulty sellers lamp). alike.
With Besides, the automation inspecting the of transactions, sensor inputs use to the of
online PCM once platforms the engine to check is idling out properties, when it is warm less
financial could shed friction light and on the advanced problems. photography,
real estate can become modernized gradually.
In the worst circumstance when you cannot
work out the causes of the problem, you can
resort to the mechanical. If you encounter the
stalling problem on the road, you can ask for
help from the traffic rescue teams.
In A Nutshell
As can be seen, the problem of a car engine
stalling when hot can be attributed to many
causes. But if you pay close attention to your
car, especially the components mentioned in
this article, it does not take you a lot of time
and effort to address the problem.
Also, for your vehicles to work well, you need
to have them regularly serviced. Remember
that it is always easier to take steps to prevent
your vehicle engine stalling once hot than to
deal with the problem when it arises. Simply
prevention is better than cure!
61

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N E W S
S T O R I E S
Upgrading Your
5 Tactics To Keep
Production
Your Energy Costs
Equipment with an
Low
Outlook to the Future
one may experience inside their home. There
are many causes for this, but poor insulation
tends to be at the top of the list of potential
culprits.
Insulation is what will protect your home and
maintain its temperature. Not only is this in
regards to the heat during the cold months,
but it is also refers to the cool during warmer
months. Having your house insulated will
enable you to save energy, time and money.
64
That is why it is very important to make sure that
you check your home’s insulation apparatus.
If need be, you could wrap insulation around
Regardless
Keeping your
of
production
the environment
equipment
you
in
pipes
check
to
can
lessen
be expensive
the workload
if you
of
don’t
your
have
water
a solid plan that you follow to the letter. heater. There’s This a lot will that also can prevent happen the on that pipes front from
currently inhabit, any family can
benefit over the from years, cutting and back these on are energy
not the potentially kinds of freezing. purchases where a last-minute
adjustment can be added without any repercussions. You need to know what to
expect costs. from the There next couple are many of years ways in that terms
Replace
of market developments
Air Filter
and align those
homeowners expectations can to data reduce that provides these costs you with while sufficient insight into how you’re actually using
optimizing all that gear. savings. Follow these tips if you
While you are performing normal housekeeping
want to save money on your next electric bill.
Which Machines Are You Actually
duties,
Using?
you should also be vigilant about your
air filter. The air filter is used to catch residual
Insulate Your Home
If you have a larger production facility, you might debris not such have as a clear lint, pollen picture and about dust. the way
your machines are being utilized. Modern analytical tools can provide you with a lot of
During insight the into winter this, identifying seasons, the patterns cold outside in your operational This will help data keep which the HVAC you would in working not have order,
weather spotted may otherwise. compromise This can the help level you of comfort figure out if certain machines are not being utilized
which is important for energy-efficient heating

as much as you thought, for example. And that, in turn, can help you figure out exactly
systems which machines and central need air. the Replacing most attention your air at the planning moment. that You might is needed realize to that make some it parts work.
filters of your will equipment also help ensure have been that it going is functioning completely However, unutilized switching for some your time. services In this case, from a you longterm
properly.
may either
This
delay
will help
their
the
upgrades,
system utilize
or skip
less
them entirely.
contract to a monthly, prepaid service will
energy than a system that has dirty filters. provide you with the option of paying only for
The Importance of Establishing
electricity
Good Supplier
that you can
Relations
use.
Early
Just Onlike how insulation can help lessen the
workload of the water heater, replacing the For those who are trying to cut down on the
You will also want to know which suppliers on the market you can trust without having to
air
do
filters
a lot of
can
research
help reduce
into that
the
when
work
it
of
comes
the amount
to making
of
orders.
electricity
You
that
should
they
look
use
into
or to
that
stay
HVAC early system. on and know This will exactly ultimately who you help can save use within for different a specific parts of budget, your setup. this Sometimes can be very
how it’s worth much working has to be with paid an on individual the electric supplier bill. helpful. for a small As time set of progresses, parts – KEB households servo motors will be
are a good example. In other cases, it can be able useful to manually to work with track a bulk what supplier their usage that entails can
Make provide Sure you with Appliances a wide range of Work options. and identify specific causes in energy usage
Correctly
spikes. So if you wanted to save on Alberta
Pay Attention to New Regulations
natural gas, for example, you have that option
If an appliance is not functioning in the available for you.
Sometimes your old machines may also become unsuitable due to changes in regulations.
way This that is something it should, all you’ll it serves want to as pay a burden attention to on an ongoing basis, as sometimes the
to necessary you because corrections they will may drain be energy really minor, that Not and only can will be this implemented help you save as modifications
monthly, but it
you to your are paying current for. machines. Keeping But them in other in optimal cases, can you’ll also need encourage to make major you to changes engage to in your better
condition setup to also ensure entails that you’re having compliant. them checked Ideally, energy you should efficient work practices with a specialist that don’t who drain can your
oversee this and alert you when necessary changes are coming up. This also ties in with
on a regular basis.
energy supply and your wallet.
what we mentioned above about working with reliable suppliers – that will go a long way
towards making this process as smooth as possible.
This includes making sure that they are Wash Clothes in Cold Water
repaired As long as and you cleaned plan ahead routinely. and don’t For larger just invest in a short-sighted manner, it shouldn’t be
appliances, too expensive annual to keep checkups your equipment is all that in is check When and you ensure are washing that you’re your investing clothes in in the the
required. right tools It for may the cost next you few years. a bit of Working money with washing experienced machine, suppliers there and are specialists some ways will to
go a long way towards preventing unexpected expenses here, and it will help you prevent
at the time for a thorough evaluation, but make it a more energy efficient process. One
any issues that could normally be avoided easily.
compared to the amount of money you will of which includes washing it in cold water.
be saving each month, it is well worth it.
Another option that you may be considering
is replacing your appliances altogether. You
may do so, but it is highly recommended
that if you do, replace them with Energy
Star models that place their emphasis on
efficiency.
Have a Prepaid Plan
This is an option that is not nearly discussed
enough because of the amount of financial
To provide warm water to the washing machine,
the water heater has to once again work hard
and use a lot of electricity. Washing it in cold
water will lessen this workload and energy
usage considerably.
As you can see, there are many ways to save
on your electric bill. Follow these tips, and you
will notice a drop in your monthly fees.
65

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N E W S
S T O R I E S
Retractable Needle Market
Size to Reach USD 3.63
Billion in 2028, Driven by
Increasing Focus on Avoiding
Needle-Stick Injuries and
Potential Infections: Reports
Reports and Data has published its
latest report in the medical devices
domain titled “The Global Retractable
Needle Market Analysis, By Product
(Manual and Automatic), By Type (Active and
Passive retraction), By End Use (Hospitals,
Clinics, Ambulatory Surgery Centers, and
Others), Forecast to 2028’.
According to most recent analysis by Reports
and Data, the global retractable needle
market size was USD 1.97 Billion in 2020 and
is expected to reach USD 3.63 Billion in 2028
and register a revenue CAGR of 7.9% over
the forecast period, 2021–2028.
and Data
Potential disease transmission due to needle-stick and accidental injuries during injection
administration are some key factors driving focus on safer medical devices
Drivers, Restraints, and
Opportunities
Demand for safer medical devices and
equipment has been witnessing a rapid
surge in the past two decades. Syringes
are used for a variety of purposes including
drug delivery, vaccination, blood specimen
collection, among others. Safety needles
reduce potential risk of pricks or needle stick
injury and reduce chances of cross infection.
In addition, these products offer enhanced
convenience and are cost effective. Demand
is especially high in regions such as Asia
Pacific and Sub-Saharan Africa. Auto-Disable
(AD) syringes are mostly used in countries in
68

Africa and are designed to prevent re-use.
However, needle stick can still occur if proper
sharps disposal procedure is not followed.
Preference of retractable needle syringes
has also been increasing in the recent past
due to rising focus on healthcare personnel
safety and favorable healthcare policies
in various countries across the globe. Key
factors such as increasing prevalence of
chronic diseases, rapidly increasing geriatric
population, and rising need to be administer
treatment and medicines via various routes,
including injections, to treat various diseases
and conditions are expected to continue to
drive revenue growth of the global retractable
needle market over the forecast period.
The chances of contracting a disease in the
event of a single needle stick is ideally very
low, but the potential risks and subsequent
dangers are something that no one in the
medical field are willing to chance. Around
one out of 300 healthcare workers who
accidentally get stuck with a needle from
someone with HIV actually get infected.
However, for diseases such as Hepatitis B
Virus (HBV), the potential of contraction is one
in three if injured person is not vaccinated
against the virus. Healthcare professionals
and people who work with hypodermic
syringes and other equipment with a needle
and that which is used to administer drugs
or saline etc., via invasive route are highly
prone to needle sticks. Even gloves cannot
stop potential needle stick injuries, and even
a person disassembling or disposing off used
equipment can be exposed to potential risk.
Retractable needle syringes are durable
and an increasingly preferred alternative as
well as a more efficient and safer product for
managing sharps waste. The needle can be
retracted after the injection is administered,
the syringe serves to totally isolate the
needle, and the plunger can be snapped off,
thereby preventing needle contact or syringe
reuse. Once retracted, the needles are no
longer considered sharps waste and can be
collected either in a sharps container or with
other infectious waste in plastic bags, and then
disposed of by autoclaving and shredding,
incineration, or through plastics reprocessing.
Over 16 billion injections are administered
worldwide each year, of which, 95% are
curative in nature and 5% are administered in
immunization settings. According to the World
Health Organization (WHO), it is estimated
that over 50% of injections administered in
developing countries are unsafe. Ideally, any
drug, vaccine, or fluid administered safely via
injection or intravenously can be done with the
appropriate equipment.
Reusable syringes are rather common in
many developing countries, and where reuse
is most common, and disposal practices of
single use syringes are often inadequate or
slack. According to assessment, in health
workers often mix sharps waste into other
waste streams, dispose of waste haphazardly
in and around their clinics, and do not maintain
regulated systems for safe disposal of sharps
waste for all injections in countries such as
China, India, and many African countries.
Rising demand for retractable syringes in
various developed and developing countries
is expected to continue to support market
revenue growth going ahead. Rising focus on
ensuring healthcare worker safety as well as
safety of personnel disposing off medical and
hazardous waste are some other key factors
supporting market revenue growth.
69

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N E W S
S T O R I E S
Scientists Still
Relentlessly Working to
Develop Newest, More
Advanced Antiviral
Therapies for COVID-19
Treatments
A Survey Sent to Over 94,000 Travelers Reveals Confidence in the COVID 19 Vaccine and
Traveler’s 2021 Plans
The antivirals market consists of sales
of antiviral drugs and related services.
Antiviral drugs reduce the replication
of viruses at different stages. Various
type of viral infections for which antiviral drugs
are used include HIV, herpes, hepatitis and
influenza viruses and, of course, COVID-19.
Millions of people across the globe are
affected by the CORONA / COVID-19 virus.
The pandemic has put massive pressure on
medicine safety stocks. Healthcare providers
are using every possible tool to treat
COVID-19. It results in tremendous pressure
on several medicines especially antiviral
drugs. Similarly, the pressure on the system is
substantially growing with increased demand
from patients and governments for crucial
drugs.
72

Scientists and researchers are relentlessly
working to develop additional investigational
antiviral compounds to treat COVID-19.
According to a new study conducted by
Research Dive, the global antiviral therapies
market size will reach about $66,016.5 million
till 2027, at a CAGR of 3.1%, increasing from
$51,913.1 million in 2019. North America has
dominated the global market share and is
anticipated to account for $19,131.6 million by
2027. Asia-Pacific is expected to rise vastly
and is predicted to generate a revenue of
$17,718.8 million by 2027. Active Biotechs in
the markets today include:
NanoViricides, Inc. (NYSE: NNVC),
Pfizer Inc. (NYSE: PFE),
T2 Biosystems, Inc. (NASDAQ: TTOO),
Sorrento Therapeutics, Inc. (NASDAQ: SRNE),
Moderna (NASDAQ: MRNA).
The Research Dive report said: “In the previous
decades, the global antiviral therapies market
has experienced a significant growth owing
to increasing HIV prevalence as well as
rising viral infections in the forecast period.
In addition, the COVID-19 emergency period
has had a positive impact on the global
antiviral therapies market growth in 2020.
This growth is majorly owing to rising R&D
activities to find suitable antiviral drug for the
coronavirus treatment. Furthermore, some of
the manufacturers are following various tactics
such as new technology introduction to gain a
strong position in the global market. In recent
years, the incorporation of nanotechnology
into antiviral drugs design and development
to manufacture innovative and cost-effective
drugs that will treat viral infections has been
on a rise. This factor is predicted to generate
huge opportunities for the market growth in
the coming years. This growth is significantly
owing to nano technology being one of the
mostly capable technologies in the antiviral
drugs development because of its capability
to handle several viral infections effectively.”
NanoViricides, Inc. (NYSE American: NNVC)
Breaking News: Broad-Spectrum Direct
Antiviral Nanomedicine Should Remain
Effective Against COVID-19 Virus Variants,
Says NanoViricides, Inc.’s President, Dr. Anil
Diwan – NanoViricides, a global leader in the
development of highly effective broad-
73

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spectrum antiviral therapies based on a novel
nanomedicines platform, today discusses
the current developments in the COVID-19
pandemic and the Company’s exciting
accomplishments related to it.
“We welcome the strong engagement of
President Biden and his new administration’s
commitment to combat this once-in-a-century
pandemic with new approaches and fresh
ideas,” said Anil R. Diwan, PhD, President of
the Company.
We would like to note that the scientific
community at large and regulatory efforts to
date have remained focused on (a) vaccines,
(b) antibodies, and (c) re-development of
pre-existing drugs. Even as alarm bells were
raised by renowned scientists regarding
the likelihood of escape mutations and the
limitations of any vaccines and antibody
therapies in combating a rapidly evolving
global viral pandemic, there has been an
effort to downplay these risks at all levels.
This has left the world now grappling with
a situation where vaccines are being rolled
out even as virus variants that are highly
likely to be resistant to current vaccines and
antibody drugs have already been found to
be spreading rapidly. Current vaccines are
now assumed to require constant updates
and re-inoculation campaigns to keep up
with ongoing changes in the virus. Attention
needs to be focused instead on broadspectrum
antiviral therapeutics that minimize
the possibility of virus variants escaping the
drug, thereby making the costly ongoing
development of vaccine updates, their
deployment and re-inoculation campaigns
unnecessary.
Nano Viricides believes it is very likely the
only company with a platform technology
that enables development of drugs that
viruses would not escape. In fact, we have
successfully screened our COVID-19 drug
candidates to be able to protect cells against
infection by distinctly different coronaviruses.
This broad-spectrum drug development
approach was adopted to ensure that our
drug candidates should remain effective
even as future variants of SARS-CoV-2 evolve
in the field, as was already anticipated by us
at that time.

Additionally, NanoViricides is the only
company that, to the best of our knowledge,
is developing antiviral treatments designed to
(a) directly attack the virus and disable it from
infecting human cells, and (b) simultaneously
block the reproduction of the virus that has
already gone inside a cell. Together, this
strategy of a two-pronged attack against the
virus, both inside the cell and outside the
cell, can be expected to result in a cure for
coronaviruses and other viruses that do not
become latent.
The Company’s nanoviricides® platform
technology is based on biomimetic
engineering that copies the features of
the human cellular receptor of the virus.
No matter how much the virus mutates, all
virus variants bind to the same receptor in
the same fashion. It appears that the later
variants of SARS-CoV-2 may have evolved
to bind to the human cellular receptor ACE2
more strongly, in general, based on published
datasets. Thus, if these features of the
cellular receptor are appropriately copied,
the resulting nanoviricide drug would remain
effective against current and future variants
of the virus.
Our current drug candidates to combat the
COVID-19 pandemic are designed to attack
not only SARS-CoV-2 and its current and future
variants, but also many other coronaviruses,
and will be useful even after the pandemic
is over, because several coronaviruses are
endemic in human populations.
Our COVID-19 drug candidates successfully
entered core safety pharmacology studies
required prior to any human clinical trials
around October/November, 2019. These
studies have now been completed and we are
anticipating the report from the external CRO
shortly. We are now working on preparing
a pre-IND application for filing with the US
FDA as soon as possible. Additionally, we
are actively seeking opportunities to engage
appropriate sites for human clinical trials,
and we are engaged in the preparation of
clinical trial protocols and other activities that
would be necessary for filing of an IND with
the US FDA.

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N E W S
S T O R I E S
The Worldwide Medical
Holography Industry is
Estimated to Reach $4.9
Billion in 2026
The medical holography market is evaluated at US$662.752 million for the year 2019 and is
estimated to grow at a CAGR of 33.21% to reach US$4,932.372 million in 2026.
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Holography is a method of creating a
3D image of an object by recording
a split beam of light from a laser
that is reflected from the object.
It is then combined with the film with light
from a reference beam which enables
the viewer to see a 3D image. An aging
population and growing instances of chronic
diseases have augmented the demand
for holography technology in diagnostic
imaging. Furthermore, the rising adoption
of holography products in medical education,
biomedical research, and other clinical
applications for gaining deep insights into the
disease is also bolstering the global medical
holography market growth. However, the
requirement of high capital investment and the
cost of the technology will hinder the growth of
this market during the forecast period.
Holography has arisen as perhaps the most
encouraging device for the medical sector.

Holographic methods have expanded their
applications in life sciences and medical
education just as clinical research. The
utilization of holographic imaging and
projection has brought about colossal changes
in the field of biomedical examination and
clinical schooling and preparing. Along with
medical imaging and research, holographic
display technology and digital holograms are
widely utilized in the education sector and
emergency clinic training. 3D perception
through holography items makes an intriguing
and intelligent learning environment as
holography holds more data contrasted with
other learning strategies. With a developing
spotlight on underlying science in clinical
schools, different market players are zeroing
in on creating holographic prints and
holography programming to be utilized for
clinical educating and preparing applications.
Organizations have fostered a 3D unit for
clinical understudies and specialists that will
help them practice medical procedures and
analyses without requiring real bodies and
organs.
GIGXR, Inc., a US-based company providing
extended reality GIG Immersive Learning
System for instructor-led teaching and
training, announced in October 2020, the
launch of HoloPatient Remote and GIG Mobile
for medical and nursing schools. Developed
for online and hybrid learning ecosystems,
these programs together ensure safe and
socially distanced standardized patient
simulation tutoring while incorporating realtime
association, participation, and clinical
evaluation between students and instructors.
Growing penetration of chronic diseases
has propelled the demand for holography
technology in diagnostic imaging. As reported
by US National Center for Biotechnology
Information, one in every three adults lives
with more than one chronic condition, or
multiple chronic conditions and procure
an excessive health and cost burden. The
mentioned figure is near to three out of four in
older adults residing in developed economies
and is estimated to incline drastically with
the proportion of patients with more than four
diseases almost doubling between 2015 and
2035 in the UK. Additionally, according to the
World Health Organization, annually worldwide,
more than 3600 million diagnostic radiology
examinations are performed.
Technological advancement and increased
investment open the door for opportunities.
The holography market in the health sector is
rising due to increased investment in medical
facilities, technological developments in
surgical rooms, and a developing necessity
for tailored personalized drugs. With the rise
of high-yield investments, the market offers
various opportunities. During a presentation at
the VR/AR Global Summit on June 4th, 2021,
Xenco Medical presented HoloMedX, the first
glasses-free holographic surgical simulation
platform. The revolutionary platform allows
users to replicate a complete spine operation
in holographic space without the use of
headgear or glasses, and it quickly modifies the
holographic environment to allow for glassesfree
holographic viewing and interaction by
several users at the same time.
Impact on COVID-19 pandemic
A significant impact on the medical holography
sector was witnessed during COVID-19.
Several countries have implemented lockdown
precautions, halted several economic activities,
imposed border controls, and other measures in
response to the high risk of exposure, resulting
in supply chain disruptions and a shortage of
inventory in many dispensaries, as well as new
device deployments in diagnostic centers and
hospitals. However, there is a rising demand for
medical imaging combined with holographic
technology for the diagnosis of diseases. For
example, New York University scientists created
a new model based on their holographic video
microscopy experiment, which employs laser
beams to capture holograms of their test beads,
in October 2020. Scientists can identify both
viruses and antibodies in COVID-19 patients
using this holographic imaging technique,
which can help with medical diagnosis.
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