logo
Cinemo to elevate in-car entertainment with personal smart devices in Mahindra's new electric origin SUV range

Cinemo to elevate in-car entertainment with personal smart devices in Mahindra's new electric origin SUV range

Business Wire12-06-2025

KARLSRUHE, Germany--(BUSINESS WIRE)--Cinemo, a global leader in high-performance and automotive-grade multimedia playback, streaming, media management, connectivity, and cloud middleware, is pleased to announce that India's leading SUV manufacturer Mahindra has chosen Cinemo as its infotainment solutions technology provider. Cinemo is set to power bring-your-own-device (BYOD) infotainment capabilities for Mahindra's range of electric origin SUVs (eSUVs), delivering exceptional infotainment experiences with personal devices.
Cinemo CARS™ once again proves its ability to enrich, enhance, and accelerate implementation of AAOS-based infotainment systems. This allows Mahindra to add innovative entertainment use cases within a short time to market to its eSUV models.
Share
With the launch of their two new eSUV models, Mahindra is raising the bar for in-car entertainment. For their modular INGLO platform and intelligence suite (Mahindra Artificial Intelligence Architecture – MAIA), Mahindra selected Cinemo's CARS Connect Suite to enable premium digital media experiences on brought-in devices. The project advanced from kick-off to production in an impressive six months, showcasing Mahindra's efficiency and commitment while upholding high-quality standards and leveraging advanced Android pre-integration capabilities.
Cinemo CARS Connect creates a unified and connected in-car ecosystem that seamlessly integrates content sharing, intuitive control for all passengers, and interaction across multiple screens and devices. It allows passengers to manage media playback, share audio and video content, and control vehicle functions directly from their own devices, providing a personalized yet inclusive experience that minimizes driver distraction. Passengers also benefit from multi-zone audio, which delivers distinct audio experiences, allowing everyone to enjoy their preferred content without interference. By having full control over their preferred content, car users will be able to create individual and memorable in-car digital media moments.
Cinemo CARS™ once again proves its ability to enrich, enhance, and accelerate implementation of AAOS-based infotainment systems. This allows Mahindra to add innovative entertainment use cases within a short time to market to its eSUV models, covering the rapidly growing car markets in India and Southeast Asia.
'We are delighted to bring our renowned digital media experiences to India's leading SUV manufacturer,' says Abe Silhan, Director Portfolio Management at Cinemo. 'We are continuing our pursuit of groundbreaking innovation in in-car infotainment and are proud of our contribution to Mahindra's advanced lineup of Electric SUVs.'
About Cinemo
Cinemo is a global provider of highly innovative infotainment products that make every screen an opportunity. Its range of award-winning, fully integrated, low-footprint digital media offerings combine high performance with high quality and are truly system agnostic.
Whether embedded, as mobile apps or through the cloud, Cinemo supports all digital media scenarios for any industry and any device. Its product portfolio is designed and built to deliver excellence, accelerate time to market, and lower TCO for its clients while creating digital media experiences that matter.
Founded in 2008, and with a strong history of industry firsts, Cinemo is the partner of choice for more than 40 market-leading OEMs and over 20 tier-1s. The company works with the top high-tech and consumer electronic companies as well as global music and video content providers. Cinemo's global team of 300+ innovative thinkers from 40 nationalities continuously delivers groundbreaking innovation.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Etihad CEO Antonoaldo Neves on strategy and its surprise move into Charlotte
Etihad CEO Antonoaldo Neves on strategy and its surprise move into Charlotte

Travel Weekly

time40 minutes ago

  • Travel Weekly

Etihad CEO Antonoaldo Neves on strategy and its surprise move into Charlotte

After years of struggle before and after the pandemic, Abu Dhabi-based Etihad has returned to profitability and is growing substantially. Recently, the airline surprised nearly everyone by announcing it will begin Charlotte service next May. Airlines editor Robert Silk spoke about the decision with Etihad CEO Antonoaldo Neves at the IATA Annual General Meeting in New Delhi this month. Antonoaldo Neves Q: Why Charlotte? A: It's such a big, underserved market. There's no airline flying from the Middle East to Charlotte. There's a lot of immigration to the Carolinas today. We are really excited. We think it's a unique value proposition. Q: Your partner American dominates that airport. Clearly codeshare business will be key for you there, right? A: Every time we have interline and codeshare it does help. But we also have markets in the U.S. where customers on codeshares are less than 5%. I'm not going to name the cities. But in the U.S. it ranges from 5% to 25%. Charlotte may be 5%. We don't know. Q: I read that even Charlotte Airport didn't know you were going to fly there until a couple days before your public announcement. How come? There was speculation that you made the decision because Donald Trump was in the region at the time. A: We have a seven-year plan for our destinations. Charlotte was there for the past 3.5 years. Mr. Trump's visit to the United Arab Emirates was a good marketing opportunity for us. So, we could have announced in March next year. And that was the plan. But my team told me, "Why not anticipate?" In the end, if we get some news coverage because of this for free, why not? We were planning to start negotiations with Charlotte Airport by the end of this year. But we called them and said, "Look guys, we need to do this because we believe there is a marketing opportunity." That's business, right? We need to take all the opportunities that we have to market and sell tickets. Q: You launch Atlanta flights on July 2. And you started Boston last year. After your previous U.S. peak in 2017, you had dropped Los Angeles, Dallas and San Francisco. Once you add Charlotte, you'll be back to six U.S. routes. Tell us about your U.S. strategy. A: Because we have U.S. Customs Preclearance in Abu Dhabi, we are in the unique position to offer people in the Gulf Cooperation Council, India and Southeast Asia, and to Americans, an amazing experience. Think about Boston: Many of our customers connect beyond Boston with our partner JetBlue; you don't have to pick up your bag. We'll move to about 40 weekly frequencies to the U.S. next year. That's nothing. When I was at TAP Portugal, we had about 20 to 30 weekly frequencies to the U.S. Today, if I'm not mistaken, they have weekly 80. I believe Etihad can get there one day, but we need to do it differently. But I don't see any reason we can't double capacity to the U.S. in the next five years. Q: How many new destinations would you anticipate in those five years? A: Maybe three to five. Q: How do you position yourself within a market with stalwarts Emirates and Qatar Airways as well as ambitious potential rivals in Saudi Arabia, even India? A: We are proud of the work we have been doing. The average global net margin is 3%. Last year we did 6%. But we want more. I see Emirates doing 15%. Qatar doing 9%. I want to get 10%, 12%, 15%. I need to have muscle to fight downturns and competition in the future. The market is growing so much in the region that I believe there is space for everyone to make money. We grew 25% last year. If we have a stronger carrier, we can grow the pie, and at the same we can be ready to fight if the pie's not growing.

Stem, Inc. Significantly Strengthens Balance Sheet Through Convertible Notes Exchange and New Notes Issuance
Stem, Inc. Significantly Strengthens Balance Sheet Through Convertible Notes Exchange and New Notes Issuance

Business Wire

time42 minutes ago

  • Business Wire

Stem, Inc. Significantly Strengthens Balance Sheet Through Convertible Notes Exchange and New Notes Issuance

HOUSTON--(BUSINESS WIRE)--Stem, Inc. (NYSE: STEM) (the 'Company'), a global leader in AI-enabled clean energy software and services, today announced that it completed a privately negotiated exchange (the 'Exchange Agreement') with certain holders of the Company's outstanding 0.500% convertible senior notes due 2028 and 4.250% convertible senior notes due 2030 (the 'Existing Notes').The transaction resulted in a reduction in outstanding debt of approximately $195 million. We believe we have enabled Stem to accelerate its growth and build on the momentum and confidence that our new leadership team has created with customers. Share 'This transaction is an important first step in the transformation of our balance sheet and helps create the flexibility we need to advance our software-focused strategy and create value for shareholders,' said Arun Narayanan, Chief Executive Officer of Stem. 'By reducing our debt by nearly $200 million and raising $10 million of cash, we have positioned Stem to accelerate its growth and build on the momentum and confidence that our new leadership team has created with customers, employees and shareholders,' added Mr. Narayanan. 'This transaction delivers a unique mix of benefits for Stem,' said Doran Hole, Chief Financial Officer of Stem. Mr. Hole continued, 'In addition to significantly reducing our near-term liabilities, it creates a runway by extending the maturity date to 2030 for the majority of our outstanding debt and provides the option to PIK interest payments, giving us the ability to manage liquidity while continuing to invest in the business. This transaction also builds on our momentum and reinforces our ability to execute on our strategic plan.' Transaction Details Under the terms of the Exchange Agreement, the Company will: Acquire approximately $350 million of aggregate principal amount of the Existing Notes including approximately $229 million of its Convertible Notes due 2028 (77% of total principal amount outstanding) and approximately $121 million of its Convertible Notes 2030 Notes (51% of total principal amount outstanding); Issue $155 million aggregate principal amount of new first lien senior secured notes (the 'New Notes') and warrants to purchase 439,919 shares of the Company's common stock at a strike price of $30.00 per share (post-split) until December 1, 2030; and Receive $10 million in cash. The New Notes will: Be senior secured obligations of the Company and be guaranteed by certain of the Company's material subsidiaries; Accrue interest at a rate of 11.000% annually, payable in cash or, at the Company's option, in-kind at a rate of 12.000%, subject to a $160 million first lien cap; and Mature on December 1, 2030 As a result of the exchange transactions, the Company's balance sheet will reflect: Approximately $68 million of its existing Convertible Notes due December 2028; Approximately $119 million of its existing Convertible Notes due April 2030; and Approximately $155 million of its newly issued Senior Secured Notes due December 2030 Jefferies LLC acted as exclusive financial advisor and placement agent to the Company in connection with the transaction, and Gibson, Dunn & Crutcher LLP served as legal advisor to the Company. Cautionary Statement Regarding Forward-looking Statements This press release, as well as other statements we make, contain "forward-looking statements" within the meaning of the federal securities laws, which include any statements that are not historical facts. Such statements often contain words such as "expect," "may," "can," "believe," "predict," "plan," "potential," "projected," "projections," "forecast," "estimate," "intend," "anticipate," "ambition," "goal," "target," "think," "should," "could," "would," "will," "hope," "see," "likely," and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements about future business growth, the ability to manage liquidity, and the ability to continue execution of the Company's strategic plan. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including changes as a result of market conditions and the risk that the Offering will not be consummated. These forward-looking statements are based upon assumptions and estimates that, while considered reasonable by Stem and its management, depend upon inherently uncertain factors and risks that may cause actual results to differ materially from current expectations, including the additional risks and uncertainties set forth in Stem's most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should our underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Statements in this press release are made as of the date hereof, and Stem disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise. About Stem Stem (NYSE: STEM) is a global leader in AI-enabled software and services that enable its customers to plan, deploy, and operate clean energy assets. The company offers a complete set of solutions that transform how solar and energy storage projects are developed, built, and operated, including an integrated suite of software and edge products, and full lifecycle services from a team of leading experts. More than 16,000 global customers rely on Stem to maximize the value of their clean energy projects and portfolios. Learn more at Source: Stem, Inc.

XTIUM Launches Direct Operations in Europe, Advancing Global MSP Leadership Backed by Decades of Experience
XTIUM Launches Direct Operations in Europe, Advancing Global MSP Leadership Backed by Decades of Experience

Business Wire

time42 minutes ago

  • Business Wire

XTIUM Launches Direct Operations in Europe, Advancing Global MSP Leadership Backed by Decades of Experience

ROTTERDAM, Netherlands & NEW YORK--(BUSINESS WIRE)-- XTIUM, a next-generation Managed Services Provider (MSP) meeting the growing demands and challenges facing IT leaders, today announced the launch of its direct business operations across Europe under the XTIUM brand. Following the successful business combination of ATSG and Evolve IP earlier this year, the company is expanding its comprehensive suite of managed IT services to direct customers throughout the EMEA region. "By establishing direct operations in Europe, we're delivering on our promise to provide integrated, security-first managed services that enable organizations to focus on innovation and growth, regardless of their geographic location." Share The European expansion marks a significant milestone in XTIUM's global growth strategy, establishing Rotterdam as the company's EMEA headquarters. It enables direct customers across the Netherlands, Belgium, Germany, the UK, and other European markets to access XTIUM's full portfolio of advanced IT services, extending beyond traditional cloud communications. Transforming from Communications Provider to Global MSP With roots dating back to the founding of Mtel in Rotterdam in 1999 and its acquisition by Evolve IP in 2017, XTIUM's European presence is built on decades of trusted customer relationships and technical excellence. Today's launch evolves that foundation into a unified, full-stack MSP experience. European customers who previously received unified communications and contact center services from Evolve IP will now benefit from XTIUM's expanded service portfolio, which includes cybersecurity solutions and Desktop as a Service (DaaS), launching in 2025. This will be followed by Gartner-recognized network management services and managed help desk solutions in 2026. 'This demonstrates our commitment to serving multinational enterprise customers as a truly global MSP,' said Russ Reeder, President & CEO of XTIUM. 'By establishing direct operations in Europe, we're delivering on our promise to provide integrated, security-first managed services that enable organizations to focus on innovation and growth, regardless of their geographic location.' Meeting Growing Demand for Integrated IT Services Leon Schuurmans, Managing Director of XTIUM EMEA, will lead the European operations from the Rotterdam headquarters, which houses 35 dedicated professionals, today already serving over 100 direct customers ranging from 100 to 3,500 employees across key verticals, including healthcare, financial services, retail, and business services. 'Research shows that customers want a single provider for all of their services,' said Leon Schuurmans. 'What we see is that communication services and IT services are becoming more and more integrated, and we are now able to facilitate those complete requirements. This evolution from a communications provider to a comprehensive MSP allows us to deliver the unified technology solutions our European customers need to stay competitive.' Strengthening Global MSP Leadership With over $230 million in combined revenue and serving more than 950,000 end-users across 1,700 global customers, XTIUM's European expansion reinforces its position as one of the largest privately-owned global MSPs. The company's EMEA team, comprising approximately 70 professionals, will be strategically divided between dedicated XTIUM direct services and shared support functions, ensuring specialized expertise for each business line. For existing direct customers in Europe, services, pricing, and support remain unchanged, with expanded IT service capabilities scheduled to roll out throughout 2025 and 2026. With decades of combined expertise and operations across North America, Europe, and Asia, XTIUM continues to lead the next generation of managed IT services, blending global scale with local delivery. For more information, visit About XTIUM XTIUM, formed through the combination of ATSG and Evolve IP, provides a modern, security-first approach to the managed IT services experience. Leveraging AI innovations, enterprise-grade cybersecurity, virtual desktops, unified communications, and more, XTIUM serves as a trusted partner to help businesses mitigate risk, enhance operational efficiency, and scale with confidence. For more information, visit or connect on LinkedIn. All trademarks recognized.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store