Where Innovation Meets Imagination
ATS Automation Tooling Systems has reported revenue of $300 million for the quarter ending July 1, 2018.
The company says the $300 million is 14 percent higher than the same quarter last year.
Earnings from operations were $27 million (9 percent operating margin), compared to $21.3 million (8 percent operating margin) a year ago. [Read more…] about ATS Automation reports $300 million revenue
LG Electronics to establish an artificial intelligence research laboratory in partnership with the University of Toronto, in Canada.
The company says the new facility is an expansion of its AI research and development work in North America.
LG already has an AI lab in Silicon Valley, in the US. The company says it is a multimillion-dollar, long-term commitment. [Read more…] about LG Electronics to establish AI lab in Canada
The growing popularity and sales of electric vehicle will not strain the power grid, according to an analysis by McKinsey, one of the world’s leading management consultancies.
McKinsey says its analysis suggests “the projected growth in e-mobility will not drive substantial increases in total electrical-grid power demand in the near- to mid-term, limiting the need for new electricity-generation capacity during that period”.
The authors of the report used Germany as an example and found that electric vehicle sales may grow to the extent that five extra gigawatts of power will be required, but that is only 1 percent of total supply. [Read more…] about Growth in electric vehicle sales will not strain the power grid, says McKinsey
Nitco has launched a new wireless forklift fleet management technology, which it says is “game-changing”. (See video below.)
The company says it adds telemetry capabilities to materials handling equipment which could lead to “improvements in safety and accountability while eliminating inefficiencies and lowering your overall cost of operation”.
Nitco says the modules are equipped with sensors, GPS and telemetry technology, enabling machines to “collect helpful, actionable data that provides new insight into countless aspects of your operation”. [Read more…] about Nitco introduces wireless forklift fleet management technology
Southwest Research Institute has established a collaborative robotics laboratory to deliver advanced automation technology to the heavy industry and manufacturing sectors. (See video below.)
The facility features collaborative robots, or “cobots”, in a flexible lab where engineers can develop agile, mobile, automated capabilities.
Lab facilities include meeting rooms for industry events and training. [Read more…] about SwRI launches collaborative robotics laboratory in Texas
The BMW Group and the Chinese manufacturer Great Wall Motor have signed an agreement to produce Mini electric vehicles through a new 50:50 joint venture based in China.
During a recent event for autonomous and connected driving attended by China’s Premier Li Keqiang and Germany’s Chancellor Angela Merkel in Berlin, the BMW Group and Great Wall Motor committed to founding a new joint venture, “Spotlight Automotive Limited”, for the development and production of electric vehicles in China.
As well as Mini electric vehicles, the joint venture will also produce electric vehicles for Great Wall Motor. [Read more…] about BMW and Great Wall Motor establish joint venture to build Mini electric vehicles in China
Parker Aerospace and Daher Aerospace have formalized an agreement to supply parts for the Turboprop series of aircraft.
Parker Aerospace’s aircraft wheel and brake division, part of Parker Hannifin, a provider of motion and control technologies, says the deal is a 10-year, long-term agreement.
The agreement is to supply Daher Aerospace with the main wheels, main brakes, nose wheel, master cylinders, and park brake valve on Daher’s TBM 900 series production aircraft. [Read more…] about Parker Aerospace and Daher Aerospace sign agreement on aircraft parts
Automotive systems supplier Continental is expanding its international network for artificial intelligence in Silicon Valley.
The expansion will involve the “DeepDrive” partnership the company has with the University of California, Berkeley, dubbed “BDD”.
Continental says the partnership is designed to “speed up neural networks for the car of the future and safety of AI systems”. [Read more…] about Continental strengthens AI research partnership with University of California
Kodiak Robotics has raised $40 million in Series A financing led by global investment firm Battery Ventures.
CRV, Lightspeed Venture Partners and Tusk Ventures also participated in the round.
Kodiak is an autonomous-vehicle startup founded by Don Burnette, previously a co-founder of the self-driving trucking company Otto, and Paz Eshel, a former venture capitalist. [Read more…] about Kodiak Robotics raises $40 million to develop self-driving trucks
Sick has launched a new range of high-precision light detection and ranging sensors.
With the launch of the LMS1000 and MRS1000 infrared LiDAR sensors, Sick says it has “raised the bar in high-precision, reliable distance sensing and ranging”.
Suitable for both indoor or outdoor applications, the sensors incorporate Sick’s innovative HDDM+ (High Definition Distance Measurement) enabling greater consistency in performance to be achieved, even when the sensors are faced with adverse environmental conditions. [Read more…] about Sick launches high-precision lidar sensors
