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Raytheon and United Technologies aerospace businesses to merge

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Raytheon Company and United Technologies have entered into an agreement to combine in an all-stock merger of equals.

The transaction will create a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defence.

The merger of Raytheon, a leading defence company, and United Technologies, a leading aerospace company, comprised of Collins Aerospace and Pratt & Whitney, will offer a complementary portfolio of platform-agnostic aerospace and defence technologies.

[Read more…] about Raytheon and United Technologies aerospace businesses to merge

Cashier-less shopping ‘not in demand’ for US small businesses

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Small businesses should keep their cashiers, according to the 2019 Cox Business Consumer Pulse on Small Businesses in the US.

The Amazon Go cashier-less shopping model is only of growing interest among respondents ages 18-29 – up eight percentage points from last year. Seventy-seven percent of surveyed consumers prefer to interact with other people at the checkout.

The preference for person-to-person interaction likely has to do with the level of service small businesses deliver. Fifty-three percent of surveyed consumers said small businesses provide better customer service than larger businesses.

[Read more…] about Cashier-less shopping ‘not in demand’ for US small businesses

Elephant Robotics launches collaborative robot

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Elephant Robotics has unveiled a collaborative robot, called “Catbot”, saying it is one of the new generation of smart assistant robotic arms. The cobot is available for pre-order, with delivery scheduled for August. 

Human-robot collaborations are happening across factories worldwide, yet very few are using it for smaller businesses, due to high costs or the difficulty of customization, says the company.

Elephant Robotics, a startup from Shenzhen, China – or the “Silicon Valley of Asia”, as Elephant describes it – has set its sight on helping smaller businesses gain access to smart robotics. [Read more…] about Elephant Robotics launches collaborative robot

Xometry raises $50 million for on-demand parts marketplace

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Xometry, the largest on-demand manufacturing marketplace, has raised $50m in equity funding, led by Greenspring Associates.

The new funding will back efforts to build a platform connecting suppliers to businesses that need prototypes and small runs of parts.

Dell Technologies Capital will also participate in the round, along with all previous venture and strategic investors including BMW i Ventures, Foundry Group, GE Ventures, Highland Capital Partners, Maryland Venture Fund and Almaz Capital. Xometry has raised a total of $113m to date.

[Read more…] about Xometry raises $50 million for on-demand parts marketplace

ABB and Ericsson partner to accelerate wireless automation for flexible factories

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Industrial automation provider ABB and telecommunications equipment company Ericsson have strengthened their commitment to accelerate the industrial ecosystem for flexible wireless automation, which will enable enhanced connected services, industrial IoT and artificial intelligence technologies in the future. 

The partners signed a Memorandum of Understanding at Hannover Messe 2019, establishing their joint vision for future flexible production with automation and wireless communication.

The collaboration comes during the Industry 4.0 era and 5G connectivity which allow businesses to realize increased productivity, with the help of automation and digitalization. [Read more…] about ABB and Ericsson partner to accelerate wireless automation for flexible factories

Universal Robots looks for opportunities created by Malaysia’s Industry4WRD program

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Universal Robots, a collaborative robots maker, has identified Malaysia as a key growth market in line with the country’s increased focus on automation and robotics, as outlined in its national policy on Industry 4.0, called “Industry4WRD”, to transform its manufacturing sector.

The manufacturing sector, comprising 98.5 percent of Malaysian SMEs, serves as a major contributor to the country’s economy. In 2018, the sector contributed 22.4 percent of GDP, roughly RM 325 billion.

Sakari Kuikka, general manager, Southeast Asia and Oceania at UR, says: “Malaysia deployed just 45 units of industrial robots per 10,000 employees in 2017, almost 50 percent below the global average of 85 units. [Read more…] about Universal Robots looks for opportunities created by Malaysia’s Industry4WRD program

Samsung Electronics to invest $115 billion in logic chip businesses by 2030

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Samsung Electronics, a world leader in advanced semiconductor technology, will invest KRW 133 trillion (US$115 billion) by 2030 to strengthen its competitiveness in System LSI and Foundry businesses.

The investment plan is expected to help the company to reach its goal of becoming the world leader in not only memory semiconductors but also logic chips by 2030.

The company also plans to create 15,000 jobs in R&D and production to bolster its technological prowess.

[Read more…] about Samsung Electronics to invest $115 billion in logic chip businesses by 2030

Opinion: Robotic end-of-arm tools are shaping the manufacturing industry

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By Thomas Knudsen, general manager Northern Europe, OnRobot

Within a diverse and innovative sector like the manufacturing industry, flexibility is key.

Robotics, a key enabler of this, has already taken this industry by storm, allowing factories worldwide to automate more and more tasks, cutting costs and increasing productivity.

However, simple automation is no longer enough. Manufacturers now require unique automation solutions for each specific production environment, to tackle the talent shortage they are facing, but can’t redesign facilities for every different process and application.  [Read more…] about Opinion: Robotic end-of-arm tools are shaping the manufacturing industry

US manufacturing faces possible pitfalls and severe declines, says report

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U.S.-manufacturing flags
Picture credit: LeHighValley.com via GlobalTradeMag.com

The US manufacturing sector faces numerous possible pitfalls and some risk of severe declines, according to a new report by Creditsafe USA.

The in-depth analysis of the US manufacturing industry says that, despite recent overall consistent performance, there are “several areas of concern” across the entire sector. In particular, the rate of bankruptcy signaling the possibility of an industry slowdown.

With the manufacturing industry being the largest area of employment in the US, any decline could have a “catastrophic effect” on the overall US economy, says Creditsafe.  [Read more…] about US manufacturing faces possible pitfalls and severe declines, says report

Nasa selects ideas for space robotics, 3D printing and alien technologies

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Nasa has selected 21 research and technology proposals from American small businesses and research institutions that will enable Nasa’s future missions into the solar system and alien worlds further out in space. 

The agency says its selections also consider America’s technology-driven economy here on Earth.

The Phase II selectees of Nasa’s Small Business Technology Transfer (STTR) program are permitted to enter negotiations for possible contract awards worth a combined total of approximately $15.8 million.

The program selected 21 innovative technology and projects from 41 US firms and research institutions in 20 different states.  [Read more…] about Nasa selects ideas for space robotics, 3D printing and alien technologies