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Academy of Robotics closes funding after six hours

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WALES-BASED electric autonomous vehicle company, the Academy of Robotics, has closed its latest funding round in under six hours.

Investment came in so quickly that founder William Sachiti turned down an additional £500,000 that was offered.

The Academy of Robotics, which was initially set up at the University of Aberystwyth and now also has offices in Cardiff, is currently developing Kar-Go, the autonomous delivery vehicle. Kar-Go hopes to shake-up the delivery market by removing 90% of the costs involved in making a delivery – helping to increase profits for logistics companies and decrease costs for consumers.

By using a combination of advanced robotics and driverless vehicle technology, Kar-Go is designed to autonomously drive on unmarked roads such as residential areas. Unlike many driverless vehicles that are best-suited to main roads and highways, Kar-Go is specifically designed with small, residential side-streets in mind.

The company recently announced it hired award winning designer Paul Burgess who left his role at McLaren to become chief designer at the Academy of Robotics.

The company has developed its own vehicle chassis and proprietary software, and has filed several patents around autonomous vehicle technology and autonomous delivery for more complex logistics environments.

The Academy of Robotics is partnered with UK car manufacturer Pilgrim Motorsports with whom they are working to build the street legal versions of their autonomous vehicles at Pilgrim’s production facility in the UK.

The founder of the Academy of Robotics, William Sachiti said: “It has been 10 months since we closed our last funding round, as costs constantly change, there was a need to raise an additional 70K to take us through production. We reached out to our existing investors and showed them our progress to date and then simply asked them to help close the funding gap. In under six hours we had pledges for over 100K from half a dozen investors. Within 24 hours, pledges reached nearly half a million.“

“Half the formula for a winning start-up is having great investors aligned with it, who react decisively to funding rounds and requests for investment. We are very lucky to have great investors on board who fit into this category. My job is to steer the company in the right direction while also looking after the interests of the existing investors, which is why I only accepted 100K and turned down the rest.

“I am not keen on taking a bunch of money and then subsequently diluting our existing shareholders. In terms of fundraising, we will soon raise a larger round as we roll out and begin trials but there is value in waiting until our prototype is complete. After the prototype is complete, we will be able to raise at a bigger valuation which is much better for the shareholders we have currently.

“Working on Kar-Go has been an incredible collaborative journey between people in four countries, national retailers, logistics companies and our tech partner NVIDIA. We are on the final stretch and can’t wait to show the world what we have all been working on.”

The company was recently mentioned by Richard Branson when asked who he thought might be among the first to put autonomous cars on the UK’s roads. Branson also linked to Kar-Go on his Facebook, LinkedIn and Twitter accounts.

For more information about Kar-Go see: www.academyofrobotics.co.uk and https://youtu.be/9tSSPhGvYKE

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Herald publisher ceases operations

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HERALD NEWS UK LTD, the company which prints The Pembrokeshire Herald, The Carmarthenshire Herald and The Llanelli Herald has ceased operations.

Editor of Pembrokeshire Herald, Thomas Sinclair said: “After finalising today’s paper to go to print yesterday, a meeting was held last night. It was confirmed that the expected further investor funding would not be made available for the company.

“This meant that operations need be halted as the businesses was not able to pay its ongoing costs.

“At 10am today the 24 members of staff working at the newspaper have today been given notice of redundancy.

“We are absolutely devastated that after nearly 7 years and hundreds of editions of the paper we can no longer continued.”

“I would like to think that over those years, some of the stories we have written have made a difference to Pembrokeshire and beyond.”

Director of Herald News UK Limited, John Hammond said: “The company accountant could be appointing administrators as soon as next week.”

“The Owners of The Pembrokeshire Herald came to the conclusion last night during a finance meeting that the venture is no longer financially viable.

“Whilst every conceivable effort has been made to improve the financial situation of the business, we have to face the fact that there is no way that we can now continue in a solvent position.

“Whilst there has been a slow decline in readership of local newspapers, our costs for wages, printing and transport have substantially increased.”

“We would like to thank all of our loyal readers and staff.”

<img class=”wp-image-51343 size-large” src=”http://pembrokeshire-herald.com/wp-content/uploads/2019/03/herald2-1024×678.jpg” alt=”” width=”740″ height=”490″ /> Community: Herald titles were campaigning newspapers<img class=”wp-image-51344 size-large” src=”http://pembrokeshire-herald.com/wp-content/uploads/2019/03/herald3-1024×565.jpg” alt=”” width=”740″ height=”408″ /> Popular: 45,000 people read Herald titles each week in west Wales

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Theatr Felinfach Performing School presents CAMAU

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OVER the past few months enthusiastic members of Theatr Felinfach Performing School have been developing new skills through a series of masterclasses with Theatr Genedlaethol Cymru.

The members have been busy creating material through scripting, directing, choreography, clog dancing, folk dancing and much more. All their hard work will be shown in their ‘CAMAU’ (steps) performance on Monday 28 October, 7:00pm at Theatr Felinfach. This is your chance to see the fruits of their labour!

The Performing School was established in January 2017 and has now grown into a very popular group. It’s a great opportunity for 7-18 years olds to gain new experiences in theatre skills through the medium of Welsh and to make new friends who share the same passion for performing.

This year two trips were organized for members of the Performing School. In June, the group visited the ‘Lexicon’ show by the UK’s leading large-scale circus company ‘NoFitState’ in Bluestone, Narberth. The audience was amazed at the performers’ talents and agility and seeing the children’s faces was invaluable.

Later in July, the group visited ‘Chores’ at Aberystwyth Arts Centre, a production organised by Cluster Arts, an Australian company. The story was about two young boys playing in their mess of a room where they began using their acrobatic skills to sort out the carnage. The show was inspired by ‘slapstick’ legends Buster Keaton and Charlie Chaplin.

Theatr Felinfach hopes to continue taking members to see various shows and productions to give them the opportunity to experience professional theatre.

The Performing School meet each Thursday evening – the primary members (7-11 years) from 4:30pm to 5:30pm and the older members (12-18 years) from 5:30pm to 7:00pm.

Membership fees are every half term and range between £30 and £35 depending on the age of the members.

If you would like more information about the Performing School and how to become a member in the new year, please contact sioned.thomas@ceredigion.gov.uk or call 01570 470697.

Tickets for ‘CAMAU’ are £6 for adults, £5 for OAPs and theatre members and £4 for students and Children. They’re available from the Box Office on 01570 470697 or online at theatrfelinfach.cymru.

 

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New plaque unveiled at Cardigan War Memorial to honour three fallen soldiers from Cardigan

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A NEW plaque was unveiled at Cardigan War Memorial to honour three fallen soldiers from Cardigan. The plaque was unveiled during a public Commemoration and Dedication Service on 12 October.

The plaque commemorates Michael J. Dunphy who gave his life in the 1982 Falklands War and Lee T. Davies and David M.E. Greenhalgh who gave their lives in the 2001-2015 conflict in Afghanistan. The plaque was unveiled by Her Majesty’s Lord-Lieutenant of Dyfed, Miss Sara Edwards.

Councillor Paul Hinge is Ceredigion County Council’s Armed Forces Champion. He said: “It was an honour and privilege to welcome everyone to the Service of Commemoration and Dedication, not only as a son of Cardigan, but as a veteran myself and Ceredigion County Council’s Armed Forces Champion.

“The three fallen soldiers of Cardigan, Michael Dunphy, Lee Davies and Dave Greenhalgh paid the ultimate sacrifice and their names are now immortalised on Cardigan War Memorial honouring their sacrifice.

“It was a privilege to work with all stakeholders involved in planning the day including the families, regiments, Cardigan Town Council and Ceredigion County Council officers. We were delighted with the strong attendance on Saturday which was a testament to how important this Commemoration is to all concerned. It was a fitting tribute to the fallen soldiers of Cardigan.”

 

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