Day: August 2, 2018
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Apple becomes first US company to have a market capitalization of $1 trillion
Apple has become the first US company to have a market capitalization of $1 trillion, according to the Wall Street Journal. The gigantic sum was reached earlier today and was reported worldwide. The company, which makes iPhones, iPads, iMacs and other technology products, has seen its stock rise more than 21 percent so far this…
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Digitalization: Vention’s online software enables machine builders to ‘design today, receive tomorrow’
The industrial sector is going through a time of rapid digitalization, with everything in the real world being recreated in the digital realm. Everything from a component to a complete, complex system – even an entire factory with all the machinery inside – can now be designed, prototyped and built through a computer. What’s more,…
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Siemens to buy Mendix for $700 million to ‘strengthen digital leadership’
Siemens has agreed to buy application developer Mendix for $697 million. The engineering giant says Mendix will continue as a distinct company and provide the “low-code” cloud software on which it has built its reputation. The closing of transaction is expected in the first quarter of fiscal year 2019.
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TerraClear raises $5.5 million to develop rock-picking robot for agriculture
A startup company called TerraClear has raised $5.5 million to develop a rock-picking robot for agricultural applications. The funding has been raised from friends and family, according to GeekWire.com. Co-founder Brent Frei says the money will be used to develop prototypes of the machine and build the team.
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D&W Fine Pack invests $8 million into expanding facility and adding more automation technology
D&W Fine Pack, a leader in foodservice packaging, is investing in excess of $8 million to further modernize its straw, cutlery and kitting operations, located in Fountain Inn, South Carolina. The improvements are part of an ongoing commitment to producing “the most innovative, cost-effective product offerings to support stock and custom applications in the marketplace”,…
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BMW introduces robotic X-ray measurement for prototype vehicle analysis
The BMW Group has introduced computer tomography into prototype development, production and analysis – a first in the automotive industry. The full range of vehicles, from Mini to Rolls-Royce, can now be quality-controlled from the early stages of development. Scans are performed by four robots which move around the outside of the prototype to produce…
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Techman Robot to double production capacity
The Techman Robot company is planning to double production capacity, according to a report on DigiTimes.com. The company shipped approximately 2,000 units in 2017 and expects that figure to “expand exponentially” to 4,000 this year, reports DigiTimes. Techman, which is part of the Quanta Group, says it is expanding to meet anticipated demand for its…
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Plex Systems acquires factory data company Dattus
Plex Systems, a provider of cloud enterprise resource planning and manufacturing execution systems software, has acquired Dattus, a supplier of industrial internet of things connectivity technologies. Dattus solutions connect manufacturing equipment and sensors to the cloud, manage high-volume data streams, and analyze in-motion equipment data to optimize performance, reduce costs, and ensure uptime. The acquisition…
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Fanuc America to expand headquarters with new facility in Michigan
Fanuc America Corporation, major supplier of robotics, CNC systems, robomachines and industrial IoT solutions, has announced plans to construct a new facility in Auburn Hills, Michigan, US, that will be used for engineering, product development, manufacturing and warehousing. Fanuc’s products are applied in a wide range of industries including automotive, aerospace, consumer products, food and…
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Huawei surpasses Apple in smartphone sales
Huawei has surpassed Apple in smartphone sales in the second quarter of this year, according to figures collated by the International Data Corporation. The preliminary data from IDC’s Worldwide Quarterly Mobile Phone Tracker, smartphone vendors shipped a total of 342.0 million units during the second quarter of 2018 (2Q18), resulting in a 1.8 percent decline…