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  • 24 Mar 2024 2:29 PM | Mike Hearn (Administrator)
    • 58% increase in available seats to mainland North America over summer 23/24
    • 500,000 travellers between mainland North America and Auckland from November 2023 to February 2024
    • Around 50% are travellers from the USA – up 56% on summer 22/23
    • Most US visitors travel here in summer and autumn, stay up to two weeks and spend close to $6,000 per person on average (year to June 2023)[1]
    • 20% more Kiwis flying on North American routes
    • Competition brings 12% reduction in fares on North American routes

    A summer surge of North American touch downs has fuelled record breaking US traveller numbers at Auckland Airport.

    As the aviation system prepares for the seasonal shift in schedules at the end of the month, early indications are the increased seat capacity delivered this summer has seen well over 500,000 travellers take to the skies between Auckland and mainland North America.

    Scott Tasker, Chief Customer Officer at Auckland Airport, said the mix of exciting new routes and additional carriers have cracked open the North American market, creating airfare competition and driving the demand.

    “Off the back of a 58% growth in available seats compared to last summer, we’ve seen an incredible response from travellers. There’s been 20% more New Zealanders and a whopping 56% increase in Americans and 14% increase in Canadians flying the North American routes over summer. The market is now bigger than it was in 2019,” said Mr Tasker.

    Between October and March, six airlines have been flying non-stop to seven mainland North American cities from Auckland[i]. Between March to October, the Northern Summer aviation season, four airlines will continue flying non-stop between Auckland Airport and six North American cities.

    “The capacity and competition have really benefited travellers with some great fares, which overall are down 12% on last year. There’s never been more seats available between Auckland Airport and North America and what we’re seeing is travellers are really taking advantage of this,” he said.

    “North America is our third biggest inbound tourism market and within that the Los Angeles route has been a real bright spot. We’ve gone from one airline – Air New Zealand – flying once a day last summer, to having Air New Zealand, American Airlines, Delta and United Airlines, together flying up to four times a day.

    “California has traditionally been a strong market for inbound tourism and when we look at the 40 million-odd Americans who had New Zealand at the top of their travel bucket list, more than 20% call California home. We've seen that flow through into traveller numbers with a 180% increase in US nationals on the Los Angeles route this summer.

    “We also can’t underestimate the power of having those three major US airlines plus Air Canada connecting with Auckland. Collectively they have around 300 million people in their loyalty programmes, providing great brand and consumer reach, and domestic network coverage that makes a long-haul destination like New Zealand that little bit easier to get to,” said Mr Tasker.

    “There is an amazing flow on impact for our vital tourism sector. Visitors from the US are coming here to experience the best regional New Zealand has to offer – whether that’s Māori culture and history, the great outdoors, cellar door sampling or simply a day at the beach – and they’re more likely than not to visit several regions on the same trip.

    “Tourism and hospitality are a big part of our country’s economic success, and maintaining frequent, year-round airline capacity to and from our key inbound tourism markets underpins that success.”

    Auckland Airport’s investment in a new domestic terminal will further enhance our desire to deliver a quality New Zealand travel experience to highly valued international visitors from the United States, Canada and elsewhere, with a quick, easy connection through to domestic jet services once the integrated terminal opens. Bringing a 26% increase in aircraft capacity, the new terminal creates opportunities to add more airline seats to jet-enabled domestic destinations along with 44% more space for passenger processing.

    “While many travellers will stay in Auckland or connect to a ground transport option here, whether that’s a rental car, camper or bus tour, for around 21% of inbound travellers it’s the connection point to destinations across the country. We’re making sure that link is as fast and seamless as possible so they can get on with enjoying their holiday.”

    [1] Tourism New Zealand, https://www.tourismnewzealand.com/insights/markets-overview/

    [1] New Zealand summer (Northern Winter) AA, AC, DL, NZ, QF and UA flying to YVR, SFO, LAX, IAH, DFW, ORD, JFK.

  • 15 Mar 2024 9:22 AM | Mike Hearn (Administrator)

    Bangkok – Today, U.S. Secretary of Commerce Gina Raimondo joined Thai Deputy Prime Minister and Foreign Minister Parnpree Bahiddha-Nukara along with the ministers from the 12 other IPEF partners, in their first ministerial meeting this year.

    During the virtual ministerial meeting on Pillars II-IV, Secretary Raimondo welcomed the significant progress made since the substantial conclusion of the negotiations for the proposed IPEF Clean Economy Agreement, the IPEF Fair Economy Agreement, and Agreement on IPEF in November 2023. The IPEF partners also discussed the ongoing cooperative work ahead across the three proposed agreements.

    Additionally, the Secretary welcomed the February 24, 2024 entry into force of the IPEF Supply Chain Agreement, and reaffirmed the U.S. commitment to work closely with the IPEF partners to quickly begin operationalizing the agreement. Building on that progress, the Department of Commerce today published the text of the proposed Clean Economy Agreement, Fair Economy Agreement, and Agreement on IPEF. 

    The IPEF partners also discussed next steps to deliver concrete outcomes under the Framework over the next several months. This includes several new lines of effort under the Clean Economy pillar, including the launching of four new Cooperative Work Programs (CWPs), announcing that the inaugural IPEF Clean Economy Investor Forum will be held in Singapore on June 5-6, and providing more details on the IPEF Catalytic Capital Fund.

    The IPEF partners further announced that the Ministers will next meet in-person in Singapore on June 6 to discuss the Supply Chain Agreement, the Clean Economy Agreement, the Fair Economy Agreement, and the Agreement on IPEF.

    “I continue to be amazed by the energy and collaborative spirit that each of our IPEF partners brings to the table and by how much we have accomplished together in such a short amount time,” said Commerce Secretary Gina Raimondo. “This framework did not exist less than two years ago. And now, from completing the legal review of the proposed Clean Economy and Fair Economy Agreements and the Agreement on IPEF, to bringing the Supply Chain Agreement into force and launching additional meaningful initiatives, it’s clear that the next phase of IPEF will continue to deliver concrete results for each of our economies.”

    Commerce Department Publishes Texts of Landmark Clean Economy Agreement, Fair Economy Agreement, and Agreement on IPEF

    Following the substantial conclusion of the negotiations of the three proposed agreements in November 2023, the IPEF partners conducted an intensive legal review, including an in-person round held in Washington, D.C., on February 19-23, 2024. Having completed the legal review process, the IPEF partners today took a significant step forward with the finalization of the texts for the three proposed agreements. The IPEF partners will now undertake their respective domestic processes to prepare for signature of the agreements, followed by acceptance, approval, or ratification of the agreements.

    The progress made under the proposed Clean Economy Agreement is a significant step forward in the Administration’s efforts as an international leader on climate action. In particular, the proposed agreement establishes a basis for how the IPEF partners can work together to pursue net-zero emission economies and promote the sustainable growth and success of all partner economies. The proposed agreement reflects the shared objective of the partners to work together and with the private sector to improve the business environment so that U.S. companies, as well as those of the IPEF partners, have more export and investment opportunities, thereby supporting strong jobs here at home. At the same time, the proposed agreement emphasizes the importance of supporting U.S. and IPEF partners’ workers and communities throughout the transition process. 

    The proposed Fair Economy Agreement aims to create a more level playing field for U.S. workers and businesses, as well as those of the IPEF partners, and to create a more transparent, predictable trade and investment environment across the Indo-Pacific. To achieve these goals, under the proposed agreement, the IPEF partners would work together to enhance their efforts to prevent and combat corruption including bribery, and support efforts to improve tax transparency and the exchange of information, domestic resource mobilization, and tax administration. In particular, the proposed agreement reflects how combatting corruption and enforcing labor laws can empower workers, with commitments to ensure that labor rights are respected, including to provide appropriate protections to migrant workers, and to take appropriate measures to prohibit employer interference with the exercise of freedom of association and collective bargaining rights.

    To help ensure effective implementation of initiatives across the IPEF pillars and agreements, as well as ensure the durability of the Framework over the long-term for ongoing economic cooperation, the proposed Agreement on IPEF establishes two ministerial-level bodies, each to meet annually: an IPEF Council, which will consider matters affecting the collective operation of the IPEF agreements and Framework as whole, including proposals for negotiations on new agreements and accession of new members; and a Joint Commission to monitor the work under the Supply Chain Agreement, the Clean Economy Agreement, and the Fair Economy Agreement, with a view to identifying cross-cutting synergies and avoiding duplication of work.

    As part of its ongoing commitment to transparency, the Department of Commerce is making public the texts of the three proposed agreements, which can be accessed here on its website.

    Pillar II: Building Supply Chain Resiliency for the Indo-Pacific

    Following the signing of the IPEF Supply Chain Agreement in November 2023, the agreement entered into force on February 24, 2024, after five partners deposited their instruments of ratification, acceptance, or approval. The IPEF partners are now working towards operationalizing the agreement, including naming their representatives to the agreement’s three bodies (the Supply Chain Council, the Crisis Response Network, and the Labor Rights Advisory Board), establishing chairs, and adopting terms of reference for each, as well as identifying their respective initial lists of critical sectors and key goods for cooperation under the agreement.

    Pillar III: Cooperating to Accelerate the Transition to Cleaner IPEF Economies

    The IPEF partners further discussed the progress on Pillar III since the substantial conclusion of the negotiations of the proposed Clean Economy Agreement in November 2023.

    The IPEF partners welcomed the inaugural IPEF Clean Economy Investor Forum, which will take place in Singapore on June 5-6, 2024. The Forum will bring together some of the region’s largest investors and philanthropies with government agencies and innovative companies and entrepreneurs to mobilize increased investment for climate-related infrastructure, technologies, and projects in the region. These investments will advance the goals of the 14 IPEF partner countries set out in the proposed Clean Economy Agreement. For more information and future updates, please visit: www.IPEFinvestorforum.org.

    The IPEF partners also announced plans to provide $33 million in initial grant funding for the IPEF Catalytic Capital Fund under the Pillar III Clean Economy Agreement. These funds will be instrumental in catalyzing up to $3.3 billion in private investment for climate infrastructure projects in IPEF economies party to the IPEF Clean Economy Agreement. The Fund’s founding supporters include Australia, Japan, the Republic of Korea, and the United States, which will take steps to complete their respective domestic processes to contribute funds, as well as raise awareness about the Fund and its opportunities for public and private sector stakeholders. The Private Infrastructure Development Group will administer and leverage the Fund to deploy concessional financing, technical assistance, and capacity-building support to expand the pipeline of high-quality, resilient, and inclusive climate infrastructure projects.

    In addition, the IPEF partners took stock of the CWP on hydrogen announced in May 2023, as well potential new ones. Under the proposed agreement, the CWPs are a mechanism through which the IPEF partners or a group of partners prioritize their focus and resources on a common goal. On hydrogen, those interested IPEF partners have taken steps to advance the initiative, including establishing workstreams related to the exchange of information and sharing of best practices on methodologies, standards, and certifications developed by international bodies on the carbon intensity of hydrogen and its carriers, as well as cross-border pilots and demonstration projects.

    The IPEF partners also announced four new CWPs based on proposals put forward by partners:

    • On carbon markets, interested IPEF partners initially are seeking to understand existing regional carbon market priorities and identify strategies for improving the enabling conditions for cooperation;
    • Interested IPEF partners also are pursuing clean electricity enhancement to facilitate increased decarbonization and access to clean energy in the region, including through public-private cooperation;
    • To advance the promotion of employment creation and labor rights and strengthen efforts to address employment shifts in the move to clean energy, interested IPEF partners endeavor to pursue workforce development efforts to ensure a just transition towards achieving a clean economy; and  
    • Interested IPEF partners will collaborate on sustainable aviation fuels (SAF) to enhance the availability and affordability of SAF and its feedstocks, so as to catalyze and develop regional SAF value chains in the region.

    Pillar IV: Enhancing Transparency and Predictability in the Business Environment

    The IPEF partners also discussed ways to deliver early results under the proposed Pillar IV Fair Economy Agreement to foster a more predictable and transparent business environment and help drive greater trade and investment among the partners. In recognition of the critical role of technical assistance and capacity building (TACB) on achieving the commitments laid out in the proposed agreement and ensuring effective implementation and enforcement of anti-corruption measures and improving transparency tax administration, the partners look forward to continuing to identify and implement TACB initiatives to strengthen anti-corruption efforts and the efficiency of tax administration.  

    About IPEF

    In May 2022, President Biden launched IPEF, bringing together 14 regional partners – Australia, Brunei, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the United States, and Vietnam – in a new model of economic cooperation. IPEF negotiations began in late 2022. In May 2023, the IPEF partners announced the substantial conclusion of the negotiations for a first-of-its-kind IPEF Supply Chain Agreement. In November 2023, the IPEF partners announced the substantial conclusion of the negotiations on the proposed IPEF Clean Economy and Fair Economy Agreements, as well as on a proposed overarching Agreement on IPEF to help ensure the durability of the framework and held a signing ceremony for the IPEF Supply Chain Agreement.

    Source: https://www.commerce.gov/

  • 12 Mar 2024 4:26 PM | Mike Hearn (Administrator)

    "A US investor-backed Auckland company, MACSO, is using artificial intelligence to detect and measure air impurities arising from vaping and cigarette smoke."

    In trials the technology has already been proven to reduce illicit vaping in one New Zealand middle school.

    MACSO is partnering with US-based Piera Systems, who has developed a family of ‘intelligent particle sensors’ and is providing the hardware to fit MACSO’s AI model to measure air quality. As soon as vape particles are detected, a customised alert is sent in real time to those responsible for responding.

    The solution also has a dashboard with a time stamp, to identify when vaping occurs, ensuring a comprehensive approach to air quality monitoring.

    “As a purpose-driven AI company, dedicated to bringing the positive impact of artificial intelligence to the world, we are proud to be working with Piera on the mission to make schools vape and smoke-free to enable the next generation to study in a safe and healthy environment,” MACSO founder Saba Samiei says.

    “Piera’s devices are a quarter of their competitor’s price for the same solution.”

    MACSO has also recently installed artificial intelligence-enabled audio sensors for respiratory health monitoring of animals on commercial animal farms in China.

    Both MACSOs solutions maintain a comprehensive record of each incident, allowing for the generation of detailed reports that are instrumental for trend analysis and policy assessment.

    “What we have is a solution that is specifically trained to detect vape smoke using artificial intelligence,” Samiei says.

    “We looked at existing solutions, such as fire alarms or other vape detection sensors. We realised, fire alarms can’t detect vape particles – other sensors showed that they could be fooled if someone sprayed deodorant. We also noticed some approaches such as audio or video which are expensive and breach student’s privacy and are at high risk of getting hacked. So, we developed a model that can differentiate between what is deodorant, what is smoke, and what is vape. Applying this model to Piera aerosol sensors on the edge means the solution is cost effective and protects everyone’s privacy.”

    Raj Seelam, Piera’s VP of Marketing and Customer Success, says Piera is the world’s only low-cost centre that has scalable sensors to detect particle data.

    “We measure particle counts. Most others measure particle mass. It’s very imperfect science. But MACSO has this world class process that converts data into meaningful insights.”

    One device can motor nearly 100 square metres, Seelam says, with Piera having capacity to ship 5000 devices per month to New Zealand.

    “The denser the device deployment, the better the results are – 50-100 devices per 1000 square metres will achieve blanket coverage.”

    Despite vaping being unlawful for anyone under 18, Samiei says vaping has been an issue in schools, particularly in bathrooms. The number of New Zealanders aged 15-17 who vaped daily nearly quadrupled from under two percent in 2018-19 to seven percent in 2021-22, according to data from the New Zealand Health Survey. But younger children are vaping daily, as vapes are easy to acquire and get addicted to, affecting all students.

    “One of the biggest issues isn’t just the kids who vape, it’s the ones who don’t,” says Samiei.

    MACSO piloted a device in a bathroom at Cambridge Middle School a few months ago. Within two weeks the bathroom became vape free. Students realised they would be caught using vape products.

    “Cambridge Middle School was delighted that the vaping activity ceased. Student Voice confirmed that students felt safer using the bathrooms,” Assistant Principal Natalie Marsh says.

    While Piera’s Canaree air quality monitors provide real time vaping alerts, it’s the AI provided by MACSO that gives the devices the edge over any detection through audio or video. Its software has improved the accuracy and speed of Piera’s devices’ ability to detect vape aerosols in vulnerable environments like schools, hospitals, and hotels. The algorithm was deployed eight times faster with MACSO’s platform, with the accuracy of the model to detect aerosols improving by 15 percent.

    Seelam says some students use body spray in toilets to mask vape smoke, but that won’t work with MACSO’s model.

    “MACSO’s AI model is so good that it can distinguish between vape, smoke and body spray. Its model really takes it to the next level because the accuracy of the detection really goes up. Vaping has a unique signature, and MACSO models are looking for these signatures in the air; that’s how we detect it.”

    “What we are doing now is bringing MACSOs model to market and deploying it. The first deployment will happen in New Zealand but we’re talking to schools here in the United States and customers in the United Kingdom.”

    The devices can also monitor for wildfire smoke, as well as cooking, Seelam says.

    “There are applications beyond vape smoke and that’s where we intend to continue our partnership with MACSO.

    “We actually have a customer who is working on an application where they would help amateur chefs cook steak or salmon to perfection. Based on the number of particles it will automatically shut the stove down, so you won’t over-cook it,” says Seelam.

    Piera’s vape and smoke solution devices will be distributed and installed in New Zealand by Vanguard Group. Samiei says deployment will extend beyond schools and could include hospitals and hotels.

    “We’re already talking to a hotel chain that is interested, and encourage schools, hospitals and other businesses that want to make their environment vape free to get in touch with us.”

    Story by Dave Crampton, https://nzentrepreneur.co.nz/

  • 12 Mar 2024 4:05 PM | Mike Hearn (Administrator)

    An agreement with the second largest electric utility group in North America for a five-year term that is expected to generate ~NZ$2m in total subscription revenue, or an additive NZ$0.4m ARR.

    ikeGPS Group Limited (ASX/NZX:IKE) or IKE, today announces that:

    + It has entered into a five year agreement with the second largest electric utility in the U.S., upgrading them from IKE’s legacy product to its new PoleForeman structural analysis platform

    + The initial purchase order is for the first year of the agreement, for ~NZ$0.4m.

    + This customer serves approximately eight million customers in the southern U.S. region.

    + Specifically

    + Over the coming period, this commitment means over 650 engineers at this electric utility will use IKE Poleforeman’s advanced capabilities for structural analysis and the design of distribution assets, to meet grid resiliency and network capacity targets over the coming decades.

    + This upsell signifies a more then ten-fold increase in annual recurring revenue from this customer.

    + An expected consequence of this Standards decision at the utility is that additional engineering companies and communications groups, working across this utility’s network, will also adopt IKE PoleForeman.

    This contract follows recent announcements including that:

    - IKE had also signed a ~NZ$3.7m subscription contract with a Fortune 150 Company and one of the ten largest Investor-Owned Utilities in the U.S., upgrading them from IKE’s legacy product to its new PoleForeman structural analysis platform. Over the coming five years, this long-term customer commitment means that over 1,000 engineers at this utility will use IKE Poleforeman’s advanced capabilities.

    - IKE had also signed a NZ$0.8m three-year subscription deal with a Fortune 500 Company that serves approximately four million customers on the east coast of the U.S.

    Since launching the IKE PoleForeman product late in 2023, more than 30 enterprise customers in the U.S. have signed onto the platform representing total contract value expected to exceed ~NZ$7.5m from this new product, that will be recognized over the coming periods as subscription revenue.

    New customer wins have included flipping one of the ten largest utilities in North America from a competitor. IKE anticipates winning further significant contracts with tier-1 customers in the short and medium term.

    Source: https://www.nzx.com/

  • 02 Mar 2024 10:42 AM | Mike Hearn (Administrator)

    Boston, Massachusetts — February 29, 2024

    VoxPop, the voice-to-text platform that bridges the gap between listeners and broadcasters, is expanding its operations in the United States with the appointment of Gabe Bullard as Director of Editorial Strategy and Jon Peck as Director of U.S. Sales and Marketing.

    VoxPop is an engagement platform developed by journalists and used by NPR’s 1A, WBUR’s On Point, Maine Public/Maine Calling, and shows around the world. It allows listeners to send high-quality audio of questions, comments, and interview responses to the shows they follow, and it gives producers the tools to put those comments into shows seamlessly. With these new appointments, VoxPop is prepared to work with more U.S.-based programs.

    “Social media is becoming less reliable and more fragmented. Journalists are one algorithm change away from losing their audiences. We’re hoping to help radio shows and podcasts establish and hold onto a valuable connection with their listeners” says Bullard, who implemented VoxPop into the editorial workflow of NPR’s 1A.

    The VoxPop Advantage

    • Crystal-Clear Audio: VoxPop optimizes audio recorded on users’ smartphones and produces high-quality recordings—no more crackling phone lines or glitchy video call audio.

    • Efficient Production: VoxPop transcribes listener submissions as soon as they’re filed; and presents the text to producers for easy review fast and accurately enough to rely on during live broadcasts.

    • Audience Connection: VoxPop connects a show with its listeners through a dedicated app, strengthening a direct relationship that transcends social media apps.

    • Accessibility: VoxPop encourages people to share their perspectives, regardless of background, language, or location, and without the need to register a social media account or compose a response.

    • Enhanced Editorial: By turning listeners into contributors, VoxPop adds new perspectives and voices to shows. 

    “In an era dominated by screens and text, human voices are a potent force for connection,” Peck says. “The spoken word resonates. ”

    About VoxPop

    New Zealand-based Kinga Voxpop Ltd “VoxPop”, is at the forefront of audio innovation, working with syndicated NPR shows such as WAMU’s 1A and WBUR’s On Point. Its mission: to amplify voices, empower communities around trusted information sources, and redefine how we engage with speech and sound. With assistance from the Google News Initiative (GNI) VoxPop is helping small newspapers transition to digital subscription models. In NZ, it has built a prototype Emergency Broadcast System (EBS) with Community Access Media Alliance (CAMA) station Radio Hawke’s Bay, and in Maryland, USA, is helping Springsong Museum gather oral history about legendary U.S. author, Rachel Carson.     

    About Gabe Bullard and Jon Peck

    Gabe Bullard is an award-winning journalist with years of experience in audio production and public media. He has been a reporter, editor, strategist, and manager at Louisville Public Media, National Geographic, WAMU and NPR’s 1A, and WBUR and NPR’s Here & Now. Gabe was a Nieman Journalism Fellow in the 2015 class and holds an MA in Literature, Culture, and Technology. In his role at VoxPop, Gabe will advise newsrooms and shows on how to incorporate the app into their editorial workflow, how to structure prompts for listener responses, and how to more deeply engage with contributing listeners. 

    Jonathan Peck, MBA, brings a wealth of experience in multimedia marketing strategies to his role as Director of US Sales and Marketing at VoxPop. With a track record at WBUR Boston, WAMU 88.5  (Washington DC) and PRX in launching and scaling major media properties, Jonathan specializes in enhancing audience engagement and driving revenue growth across diverse platforms. His expertise in data analysis, digital marketing, and brand building aligns with his passion for empowering broadcasters, creators, and communities to amplify human voices and foster meaningful conversations in order to make the world a better place for his kids.

    Source: https://www.voxpop.nz/

  • 02 Mar 2024 10:39 AM | Mike Hearn (Administrator)

    We’re excited to announce that we have raised $20.5 million AUD in Series A funding led by Silicon-Valley based firms Altos Ventures and Footwork.

    Uh huh, you read that right. We’re taking Tracksuit to the world and powering the future of brand marketing! This funding marks our second external investment, taking Tracksuit to a valuation of $142.9 million AUD and achieving $9.5 million ARR in just under three years.

    Some absolutely legendary investors, Lenny Rachitsky (ex-Airbnb and Founder of Lenny’s Newsletter), Allbirds Co-Founder Tim Brown and frank body Co-Founder Bree Johnson also participated in the round.

    We’ll be using the funding to continue to power the best brand tracking solution in the market that delivers unbeatable value for our customers, while supercharging our growth into the US and UK market.

    “Our goal with Tracksuit was to improve upon the traditional market research model by making it much easier to understand and way more affordable — reshaping the future of marketing and market research,” Tracksuit’s Co-Founder and Co-CEO Connor Archbold says.

    “We’ve built our platform on best-in-class methodology, and this strategic funding further validates our ambition to be the common language to measure, understand, and communicate the value of brand.

    “It’s an incredibly exciting time at Tracksuit where we’re moving from experimentation to building and scaling. We’re over the moon to have the support and belief of our incredible investors, as we continue to help the most exciting brands today become the iconic brands of tomorrow.”

    “The funding, along with our partnership with the Altos Ventures team, speeds up our plans to democratize brand marketing data and market research,” Tracksuit’s Co-Founder and Co-CEO Matthew Herbert says.

    “It underscores the demise of growth-at-all-costs strategies and lifts the importance of full funnel and top-of-funnel marketing. By helping brands know what marketing efforts are working and how to discuss brand health with their teams, Tracksuit is putting them back in control of their brand-building success."

    Who’s joining us for the journey

    We are incredibly grateful to have the backing of world-class brand builders and experts in scaling companies as we move into our next phase of growth in 2024.

    Attracting customers like frank body and Willow and Blake Co-Founder Bree Johnson to come on board as an investor, as well as incredible individuals in the tech industry like Lenny Rachitsky and Allbirds Co-Founder Tim Brown, is testament to Tracksuit’s mission of building the future of brand marketing.

    “Across the thousands of startup decks I've looked at, I've almost never seen a growth trajectory like the growth Tracksuit has seen,” Lenny says.

    "Understanding brand health was a big driver of strategy at Airbnb (such as what are levels of awareness and consideration by market, compared to competitors, etc). Though I wasn't driving this work, my sense is that the teams would have killed for a tool like this."

    "It’s no secret I’m a big fan of Tracksuit,” Bree says. “Having used the technology at frank body and experiencing first hand the impact it had on our business it was a no brainer to invest in their team and their vision. I feel very honoured to come along for the ride and look forward to seeing Tracksuit change the way people view brand and marketing."

    We’re also bringing in additional deep expertise and guidance to our board as we focus on expansion into the US and UK in 2024.

    Altos’ Anthony Lee will be joining Blackbird General Partner Samantha Wong on Tracksuit’s board, while Footwork’s Co-Founder and General Partner Mike Smith will join as board observer. Mike Smith is the former COO of Walmart.com and Stitch Fix. Marketing legend Mark Ritson also joins the ranks as a formal advisor.

    "Our partner Nikhil was lucky enough to invest in Canva in their seed round a decade ago, and since then Tracksuit is the most special culture we've heard about 'down under', Mike says. The business has exceptional signs of product-market fit — not just as a company based in New Zealand, but compared to others around the world."

    Anthony echoes this, saying Altos invests in global companies with the potential for long-term, sustainable growth.

    “Tracksuit has created a simple, beautiful solution to a very real problem, and we’ve heard from many customers who love the product. We were impressed by their early traction across four markets, all while being super efficient and maintaining a bootstrapped mindset,” he says.

    “We’re excited now to see US companies adopting Tracksuit’s affordable, always-on solution to track the growth of their brands and empower their marketing teams to make data-driven decisions.”

    Elevating the marketer back into the driver’s seat

    Since Tracksuit’s launch in early 2021, we’ve grown to more than 60 full-time employees and are now tracking over 4000 brands across five geographies: New Zealand, Australia, the United States, the United Kingdom and Canada.

    Tracksuit’s growth is a direct reflection of marketing becoming more measured and valued worldwide. After a period when many businesses over-indexed into performance marketing during the digital advertising revolution, brand marketing is back. Sustainable brand building is the future, not growth at all costs.

    We exist to serve our community of marketers and agencies worldwide by elevating the work they do and proving their impact. If we’re growing, our customers are also growing – it’s a beautiful, reciprocal relationship. Consider our product a love letter to those who have felt undervalued, misunderstood and not properly seen or recognised for their contribution to business growth.

    We’re stoked to be the chosen brand tracking solution for more than 400 consumer brands and are lucky enough to count some of the world’s best brand leaders as customers, such as Athletic Brewing Company Chief Marketing Officer Andrew Katz.

    “Tracksuit is an invaluable tool for any marketer looking to gauge the effectiveness of their investments. It’s helped us keep a pulse on consumer awareness of Athletic, and understand if what we’re doing is working,” Andrew says.

    “Because Tracksuit is ‘always on,’ we can continuously monitor and understand the health of our brand in real time. Its intuitive and user-friendly interface ensures that key stakeholders can readily access and interpret the data.”

    Goodman Fielder Senior Insights Manager Kay Bramley says Tracksuit provides her team with real-time tracking, is simple to use and is cost effective.

    “Being ‘hands on’ makes our team closer to our brands. The Tracksuit team is very innovative and have been receptive to our suggestions for improvement, while the platform has been optimised based on feedback. It’s made brand health tracking accessible for everyone, and is a tool we can use every day.”

    So, what are we building?

    There’s a lot on our radar, so we’ll keep this short.

    Having access to data is great. But knowing what to do with the data is even better. Our product roadmap is geared towards providing marketers and agencies with actionable insights that make their jobs easier.

    We’re building on our existing functionality to:

    • Make it easier than ever to understand the key changes in brand health
    • Tailor Tracksuit data to support a marketer’s key goals like reporting and strategy setting
    • Use Tracksuit’s data across categories to benchmark and know what ‘good’ marketing looks like.

    Beyond that, we’re expanding our surveying capabilities to help our customers in the US unlock new levels of regional granularity to support their strategic growth conversations. We’re also planning some next-level integrations so we can serve our data up in the tools marketers and agencies are already using every day.

    Join our next stage of growth

    Our total funding to date now sits at around $27.9 million AUD with existing investors Blackbird, Icehouse Ventures, Ascential and Shasta Ventures also participating in the series A round.

    If you’re interested in joining us on this journey, check out our open roles! If the role you’re looking for isn’t listed, still reach out – we love chatting to talented humans about future opportunities.

    We are beyond thrilled to be setting out on our next chapter of growth. A huge thank you to our customers and our investors who are backing our mission to build the future of brand marketing. Onwards!

    Source: https://www.gotracksuit.com/

  • 28 Feb 2024 11:51 AM | Mike Hearn (Administrator)

    New Zealand is set to see a new fast food restaurant coming to its shores in April, with the brand promising customers will 'love that chicken'.

    US fried chicken outlet Popeyes is set to open a store in Auckland's Takanini, with 10 more store locations planned to open in quick succession by the end of 2024.

    It promises to create more than 150 jobs and is expected to bring approximately $25 million in investment over the next several years.

    The Takanini store will boast a multi-million-dollar fitout across 300 square metres.

    Sharn Phillips, Head of Marketing at Popeyes - New Zealand, said in a statement: “We are thrilled to finally share the good news and let Kiwis know; the Chicken Sandwich that broke the internet will finally be ready for Kiwis to try themselves.

    "Our vision is to bring the heart and soul of our world-renowned recipes to Kiwis through passionate teams and tasty food. We cannot wait to see the reaction come opening day.”

    Popeyes has over 4,300 stores worldwide, in countries like the UK, the US, France, Poland, Czech Republic, Indonesia and South Korea.

    The chain's Louisiana-style menu features chicken burgers (chicken sandwiches), fried chicken, chicken tenders, chicken wings, mash and cajun gravy, mac and cheese, and biscuits (a loose equivalent to a savoury scone).

    James Mclauchlan, General Manager of Popeyes - New Zealand, said the team "cannot wait" to open its doors.

    “We cannot wait to open our doors and share the iconic Popeyes experience and incredible chicken that makes this brand so recognisable the world over. With the Takanini location announced and construction already underway, we are finally ready to get to work and find our team, who share a deep love for fried chicken, enriched by our team culture.”

    Source: https://www.1news.co.nz/

  • 23 Feb 2024 4:13 PM | Mike Hearn (Administrator)

    Twelve Kiwi ventures are a step closer to securing partnerships and a slice of around NZ$80 billion invested every year in cleantech startups after returning from Cleantech Trek USA.

    The globally ambitious Kiwi cleantech ventures connected with corporates and investors at networking events in Silicon Valley and at the 2024 Cleantech Forum North America, in San Diego, as part of a New Zealand Cleantech Mission led by Callaghan Innovation last month. 

    Cleantech Mission Lead Phil Anderson says the ventures, at various stages from pre-revenue to growth, are developing solutions to global challenges in areas like renewable energy, clean water, waste-to-value, carbon capture, fusion and carbon-free concrete.

    “With the next wave of unicorns – start-ups valued at $1billion – likely to include plenty of companies addressing global issues like climate change and environmental degradation, there’s a huge economic opportunity for our globally focused Kiwi cleantech startups. 

    Aotearoa New Zealand has a rich history of developing and piloting innovation before scaling offshore. With success stories including the likes of carbon recycling trailblazer Lanzatech, and the Kiwi cleantech founders who have attracted investment, including from the likes of IKEA and Khosla Ventures, we have some tangible momentum to lean into. 

    “At the New Zealand pitch and networking sessions it was clear that the corporates and investors gathered were impressed with the quality of the Kiwi innovators involved, and that this group of startups is, like those who have gone before, positioned for global acceleration. 

    Phil Anderson says while the economic opportunity is great there are  still challenges to overcome before more Kiwi cleantech startups can succeed in global markets.  

    “We have world-class people and technology but in many cases we just don’t have the market size or growth capital needed for our cleantech startups to reach their potential in global markets. That’s why it’s vital for founders to seek out international connections.

    “For US-based entities it’s much easier to partner with or invest in local technologies and talent. They need to see something very special and believe strongly in a founding team before wanting to work with a Kiwi cleantech venture.

    Phil Anderson says having a number of capable and passionate female founders there was a highlight, as was supporting ventures from across the motu, including those from Auckland, Tauranga, Rotorua, Taupo, Wellington, Christchurch and Southland.

    “Having representation from our local deep tech venture capital funds Outset Ventures, Pacific Channel and Quidnet Ventures showed offshore investors the potential for strong local VC partnerships,” he says.  

    Nilo CEO Glen Willoughby says there was, "huge value for us because we have just opened our series A capital raise. We met with all the strategic investors we wanted to connect with and others we weren't aware of as well. We also had some excellent strategic conversations at the Stanford Doerr School of Sustainability and with US-based Kiwi cleantech founders.”

    Bspkl CEO Christina Houlihan says, “The journey in the US has been nothing short of amazing, providing valuable connections with inspiring individuals and uncovering insightful stories. The wealth of knowledge gained about navigating investment pitches in the USA has been invaluable. I’m grateful for the opportunities and excited about what lies ahead.”

    Cetogenix CEO Trevor Stuthridge says the Cleantech Trek was “an incredibly valuable enabler for international outreach and ecosystem engagement. Cetogenix was privileged to participate and proud to be in such inspiring company.” 

    New Zealand Climate Tech For the World, a Cleantech Group report commissioned by Callaghan Innovation, found that New Zealand cleantech innovators raised 95% less investment than those in small advanced economies on average between 2011 and 2021. 

    Recent data showing a big increase in New Zealand cleantech investment in 2023, with venture and growth investment worth over $NZ390 million compared to around NZ$80 million in 2022, shows the sector is heading in the right direction, says Phil Anderson.

    New Zealand Climate Tech For the World recommended that this country take a co-ordinated approach to supporting cleantech innovators with global ambitions.

    “Cleantech Trek USA is an example of efficient and aligned collaboration from across Aotearoa New Zealand’s agencies to support participating ventures.

    “Callaghan Innovation would like to thank Cleantech Mission partners, including NZTE, Auckland Unlimited, Are Ake, and  Uniservices for their incredible support and expertise. 

    “Building the profile of the New Zealand cleantech startup ecosystem is a marathon, not a sprint. We look forward to working with our cleantech ventures and our partners going forward,” says Phil Anderson.
     

    CleantechTrek USA 

    Aspiring Materials: Carbon Capture   

    Creating materials to cut down global industrial CO2 emissions.

    Bspkl:  Hydrogen Innovation     

    Developing catalyst-coated membrane solutions to overcome catalyst supply challenges and manufacturing bottlenecks.

    Cetogenix: Waste to Value     

    Delivering a climate tech platform that unlocks the hidden potential for organic waste-to-renewables value addition through proprietary deconstruction, separation and fermentation.

    EnPot:  Energy Efficiency

    Technology to enable smelters to flex their power usage creating a virtual battery, supporting the adoption of renewable energy.

    Geo40: Sustainable Mineral Recovery

    Enabling critical minerals such as lithium and silica to be extracted from underground fluids at scale.

    Hydroxsys: Water Treatment

    Solving wastewater and sustainability challenges for food and industrial processors, using new membrane filtration technology.

    Neocrete: Decarbonising Concrete

    Neocrete replaces cement with nano-activated volcanic ash, creating low-carbon, high-performing concrete, at no extra cost.

    Nilo: Waste to value

    Transforming plastic waste into high-value industrial products, with a current focus on wood panel board adhesives and eco-concrete.

    Openstar Technologies:  Fusion Energy

    On a mission to deliver clean, abundant, and available fusion energy to the world.

    Sleaktek Biopolymer

    Sleak™️ is a completely natural 100% plant derived hot melt compound used to make adhesives, sealants and plastic film substitutes.

    Vortex Power Systems: Waste to value

    Using low grade waste heat recovered from thermal processes in industry, Vortex Power Systems technology generates and controls a freestanding atmospheric buoyancy vortex, and harnesses its power using a vortex turbine to create clean electricity.

    Zincovery: Waste to Value 

    Low temperature reactor technology to convert zinc ferrite compounds into any form so it can be recycled.

    Find out more about CleanTech Trek USA ventures.

    Source: https://www.callaghaninnovation.govt.nz/

  • 20 Feb 2024 9:19 AM | Mike Hearn (Administrator)

    The TikTok effect has helped a burgeoning Kiwi fragrance house land a $24 million deal with US retail giants Walmart and Target.

    Entrepreneurs Grant Taylor and Renee Lee founded Maison&Muse in 2021 with the aim of creating luxury home fragrance products without the high-end price tag.

    After going viral on TikTok last year, the brand’s wild vanilla and caramel scented Marylin candle became the top-selling candle in Australia.

    On the back of that success, Maison&Muse will hit the shelves in 3400 Walmart and Target stores across the United States next month.

    Breaking into the US market had always been the “north star” for the business, Lee said, and when the opportunity to meet with the global retail giants came up, she and Taylor jumped at it.

    Lee, who was 25 weeks pregnant when she flew to the US to meet with executives, said the face-to-face contact was instrumental in landing the deal, which could be a “game-changer” for the business.

    While their success started with a scented candle, it’s not just homes the business is hoping to refresh. First to launch Stateside will be its car fragrance range.

    “There are 96 million cars in the US registered to women,” Lee said.

    “However up until now the mainstream car fragrance market has either masculine or very colourful, childish designs.”

    That left a gap in the market, which Lee and Taylor, along with their soon-to-be-stockists hope to fill.

    Target and Walmart will also offer a range of Maison&Muse cleaning products, including spray cleaners and dishwashing liquid.

    Taylor and Lee are also responsible for three other brands created under their start-up, Moxx Brands, including climate-positive liquid hair care brand Everblue.

    Moxx Brands products are sold in more than 6000 stores in four countries.

    Source: https://www.stuff.co.nz/

  • 11 Feb 2024 9:36 AM | Mike Hearn (Administrator)

    AFT Pharmaceuticals (NZX: AFT, ASX: AFP) announces Maxigesic IV®, the patented intravenous form of its family of pain relief medicines, has today been launched in the US by its licensee Hikma Pharmaceuticals.

    The launch of the medicine, under the brand Combogesic IV®, is the first patented, New Zealand developed medicine with clinical studies in the world’s largest healthcare market. The first commercial sale of the medicine in the US is expected in the coming weeks, a milestone that will trigger a US$6 million licensee fee to AFT and its development partner Belgium’s Hyloris Pharmaceuticals.

    AFT expects its share of this license fee to accrue in the current financial year (estimated at around NZ$6 million).1

    The company is currently in its usual month-end preparation and review of progress and projections for FY2024 (being for the year ending 31 March 2024) and expects to update the market on its FY2024 guidance within a fortnight once this process is completed.

    “The launch of Maxigesic IV in the US, the world’s largest market for pain relief2, is a significant achievement for AFT,” said AFT Co-Founder and Managing Director Dr Hartley Atkinson.

    “We are delighted with the speed with which our partner Hikma, a leading supplier of injectable medicines in the US and around the world, has brought the medicine to market post-approval and the opportunity it shares with us on the potential of the medicine.

    “Maxigesic IV represents a significant innovation for the management of pain. It offers effective pain relief and importantly offers clinicians an alternative to opioid analgesics.

    “The launch also represents a beachhead for the commercialisation of Maxigesic in the US and potentially our broader portfolio of medicines. Our next goal is the finalization of plans to launch Maxigesic Rapid, a prescription-only tablet. We have been working on setting up AFT representation in North America in order to support commercialisation with identified partners.

    Hikma President of Injectables Dr Bill Larkins said: “The approval of Combogesic® IV is an important step in providing hospitals and health care providers in the US with an alternative treatment option for managing patients’ pain.

    “This is another example of how we continue to expand our portfolio of critical medicines and we are pleased to make this important new treatment option available for patients, helping to put better health within reach, every day.”

    Hikma’s announcement of the launch of Maxigesic IV is attached to this announcement.

    Maxigesic IV is licensed in over 100 countries and marketed in over 20. It offers a unique combination of 1,000 mg of acetaminophen (paracetamol) and 300 mg of ibuprofen. This combination of medicines with different mechanisms of action in a single formulation provides:

    • Shorter onset to analgesia3
    • Superior analgesia efficacy and comparable safety in common adverse events2
    • Sustained pain-management results2

    In a Phase 3 clinical trial, Maxigesic IV provided more than double the pain relief than that of acetaminophen (paracetamol) IV or ibuprofen IV alone.2 Time to meaningful pain relief was shorter in the Maxigesic IV group than that in the Ibuprofen IV or placebo groups. Maxigesic IV also allowed for superior analgesia efficacy.2

    Released for and on behalf of AFT Pharmaceuticals limited by Malcolm Tubby, Chief Financial Officer.

    https://www.aftpharm.com/




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