Archives for September 20, 2018

FedEx Ground expands US operations to six days a week

September 20, 2018 by Anna

FedEx Corp. has expanded FedEx Ground U.S. operations to six days per week, in response to the growing e-commerce demand and record influx of volume expected this holiday season, and beyond.

“FedEx anticipated early on that the growth of e-commerce would significantly increase demand throughout our network,” said Raj Subramaniam, executive vice president, chief marketing and communications officer, FedEx Corp.

“We underwent a transformation by opening new facilities and investing in highly-advanced technology and innovations that have resulted in the most automated network in the industry, delivering the speed and reliability our customers value highly.

Groupe PSA vehicles to have voice recognition smart assistants

September 20, 2018 by Anna

Groupe PSA has signed a strategic partnership agreement with Silicon Valley start-up SoundHound Inc., the leader in artificial intelligence (AI) and natural language voice recognition technology.

The unique Deep Meaning Understanding technology developed by SoundHound Inc. is the only solution that, like a human being, can instantly answer multiple questions in a single sentence.

SoundHound is developing voice and AI integration algorithms to tailor the world’s fastest speech recognition technology and seamless natural language understanding capability to Groupe PSA’s vehicles.

ATS to acquire KMW to strengthen its position in the electric vehicle market

September 20, 2018 by Anna

ATS Automation Tooling Systems Inc. has entered into a definitive agreement to acquire KMW Konstruktion, Maschinen- & Werkzeugbau GmbH & Co. KG and KMW GmbH, a German-based supplier of custom micro-assembly systems and test equipment solutions.

The addition of KMW’s micro-assembly technology and expertise are expected to strengthen ATS’ current offerings in the electric vehicle (EV) market.

Micro-assembly systems are critical elements in the assembly of various components used in electric vehicles, including motors, power storage systems, braking, steering, and electronic modules.