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0 New Sexed Semen Technology from New Zealand

A revolutionary laser-based method for sexing livestock sperm has successfully concluded laboratory trials and is preparing for scaling commercialization with a $17 million capital raise.

New Zealand-based Engender Technologies has proven the efficacy of its prototype system, showing it is able to consistently sort sperm by sex to enrich X-chromosome bearing bull sperm cells. Sex sorting will sustain-ably accelerate genetic gain and improve cost efficiency in large animal reproduction.

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0 New Zealand drone startup Dotterel Technologies raises $500,000 to further develop noise reduction tech

Techstars Adelaide grad Dotterel Technologies, a startup developing noise reduction and audio recording technology for drones, has raised $500,000 in funding from investors including Korea’s ESV, the University of Auckland’s Inventors Fund, and Techstars.

The startup was founded in New Zealand by Matt Rowe, Shaun Edlin, Seamus Rowe, and Shaun Pentecost out of the Callaghan C-Prize competition in 2015.

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0 Stretchsense’s Call Option Agreement with Starttoday

StretchSense Limited, New Zealand manufacturer of wearable sensing systems, today announced that it has completed negotiation for a call option agreement that allows its investor StartToday Co., Ltd. to selectively conduct full acquisition of StretchSense in the future.

StretchSense’s New Zealand operations, encompassing two sites in Auckland with over 130 employees, will continue operation across all departments, with further growth to be supported by the resources afforded by the acquirer.

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0 First NZ Capital to buy ANZ’s DIrect Broking

First NZ Capital has agreed to buy ANZ Bank New Zealand’s online trading platform for an undisclosed sum as the broking firm expands into the direct wealth market.

Wellington-based FNZC has signed up to a strategic alliance with the country’s biggest lender, buying the online platform currently known as ANZ Securities, which will return to its old name Direct Broking, while ANZ will use the relationship to keep strong retail distribution. The deal is expected to be completed in the second half of 2018, subject to unnamed closing steps and conditions.

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0 When your bank knows your future

Major financial institutions are using artificial intelligence to predict big events in their customers’ lives.

Boxley Llewellyn, a US executive at IBM specialising in predictive analysis for banking, wealth management and insurance firms, said artificial intelligence was getting better at crystal ball gazing.

“Artificial intelligence is starting now to become a good predictor of the future,” Llewellyn said at the INFINZ – Institute of Finance Professionals New Zealand – conference this month.

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