Scientists Test Drone Reaction Speed with Basketball

A Ghost drone by Ehang flies at the 2015 International CES outside the Las Vegas Convention Center on January 8, 2015, in Las Vegas | AFP
A Ghost drone by Ehang flies at the 2015 International CES outside the Las Vegas Convention Center on January 8, 2015, in Las Vegas | AFP
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Scientists Test Drone Reaction Speed with Basketball

A Ghost drone by Ehang flies at the 2015 International CES outside the Las Vegas Convention Center on January 8, 2015, in Las Vegas | AFP
A Ghost drone by Ehang flies at the 2015 International CES outside the Las Vegas Convention Center on January 8, 2015, in Las Vegas | AFP

Researchers at the University of Zurich have developed a new quadcopter drone equipped with a new camera and customized algorithms that cut the reaction time down to just a few milliseconds- enough to avoid a ball thrown at it from a short distance.

Drones can do many things, but avoiding obstacles is not their strongest suit yet, especially when they move quickly.

Although many flying robots are equipped with cameras that can detect obstacles, it typically takes from 20 to 40 milliseconds for the drone to process the image and react. But, this research has addressed this challenge by developing a drone capable of avoiding objects from a three-meter distance and traveling at 10 meters per second.

In their tests, the researchers used a basketball to measure the efficiency of the new drone. They throw the ball from a short distance at the drone, which managed to avoid it. The results of the experiments were announced in the Science Robotics journal.

According to a report released by the University's website on March 19, the new drone will use the so-called "event cameras" after the researchers invented new algorithms that work with it.

Traditional video cameras, such as the ones found in every smartphone, work by regularly taking snapshots of the whole scene. This is done by exposing the pixels of the image all at the same time. This way, a moving object can only be detected after all the pixels have been analyzed by the on-board computer.

Event cameras, on the other hand, have smart pixels that work independently of each other. The pixels that detect no changes remain silent, while the ones that see a change in light intensity immediately send out the information. This means that only a tiny fraction of all pixels of the image will need to be processed by the onboard computer, therefore speeding up the computation a lot.



Toyota Industries Sinks after Parent's Takeover Bid Misses Expectations

A Toyota Logo is seen at a Toyota dealership in Zaventem, Belgium, November 25, 2022. REUTERS/Johanna Geron/File Photo
A Toyota Logo is seen at a Toyota dealership in Zaventem, Belgium, November 25, 2022. REUTERS/Johanna Geron/File Photo
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Toyota Industries Sinks after Parent's Takeover Bid Misses Expectations

A Toyota Logo is seen at a Toyota dealership in Zaventem, Belgium, November 25, 2022. REUTERS/Johanna Geron/File Photo
A Toyota Logo is seen at a Toyota dealership in Zaventem, Belgium, November 25, 2022. REUTERS/Johanna Geron/File Photo

Investors gave a thumbs-down to Toyota Motor's $33 billion take-private offer for Toyota Industries on Wednesday, highlighting concerns minority shareholders would be short-changed in a landmark restructuring for Japan Inc.

Shares of Toyota Industries, a key Toyota Group company, fell 12% in Tokyo trade a day after the world's top-selling automaker unveiled plans to take the subsidiary private. The complex 4.7 trillion yen ($33 billion) transaction includes an offer price of 16,300 yen a share for Toyota Industries.

While that represents a 23% premium to the price before word of the deal broke in April, it is well below the 18,400 yen price before the offer was formally announced. Shares closed at 16,205 yen on Wednesday.

"To be clear, we welcome the attempt to clear up the parent-subsidiary governance issue. We don't like the price," said David Mitchinson, founding partner and chief investment officer of Zennor Asset Management, which owns Toyota Industries shares, Reuters reported.

When asked if Zennor would tender its shares, he said: "We will have to see how this develops as there seems strong opposition from many shareholders".

The deal will see a number of Toyota Group companies unwind cross-shareholdings, something Japanese regulators and the Tokyo Stock Exchange have long urged for better governance.

Toyota Industries has been one of Japan's most prominent examples of so-called "parent-child listings", where both a parent company and its subsidiary are listed. Governance experts say such cases are inherently unfair to minority shareholders and a drag on corporate value.

Still, the transaction comes up short in terms of corporate governance, as it both undervalues Toyota Industries' substantial real estate holdings and strengthens the founding Toyoda family's control over the broader group, market participants said.

"There's huge hidden asset value in the land and other holdings at Toyota Industries. And the price should have been much higher," Nicholas Benes, a governance expert and the CEO of the Board Training Institute of Japan, told a briefing on Wednesday.

The deal was a "prime example" of a squeeze-out of minority shareholders at an unfair price by founders and management, he said.

In a statement, Toyota Motor said the interests of Toyota Industries' minority shareholders were being considered. "Taking into account shareholder returns and the tax benefits for Toyota Industries, we have adopted a share buyback scheme" through a tender offer, it said.

It said the deal was part of a broader realignment of capital structures within the Toyota Group as it moved toward becoming a mobility company.

A new holding company will be set up for the deal. Group real estate company Toyota Fudosan will invest 180 billion yen, while Akio Toyoda, Toyota Motor's chairman, will invest 1 billion yen. Toyota Motor will invest 700 billion yen in non-voting preferred shares.

Media reports had indicated the tender offer would be around $42 billion, a substantial premium to the actual offer.

Toyota Motor and group companies Aisin, Denso and Toyota Tsusho will all sell their shares in Toyota Industries and acquire their own shares now held by it.

Toyota owned about 24% of Toyota Industries as of September last year, while Toyota Industries held around 9% of the automaker and more than 5% of Denso.

Toyota Industries, formerly Toyoda Automatic Loom Works, was founded in 1926 to make automatic looms. An automotive division within the company was set up and later spun off as Toyota Motor.