growth

Mitsubishi Electric launches new lift and escalator company in Laos

Mitsubishi Electric Corporation has established MELCO Elevator Lao Sole Co., Ltd. (MLAO) to accelerate its lift and escalator business growth in the highly promising Mekong regional market.

The new company, which was established by Mitsubishi Elevator (Thailand) Co., Ltd. (MET), a Mitsubishi Electric subsidiary, began operations on July 1, 2019.

The new company is expected to strengthen Mitsubishi Electric’s sales of lifts and escalators as well as related provision of high-quality maintenance services.

Cowen and MassRobotics agree to collaborate in robotics and artificial intelligence

Cowen, a provider of data and information to investors, and tech startup incubator MassRobotics have agreed a partnership to bring together their extensive market knowledge to advance research into the emerging robotics and artificial intelligence industry.

Based in the Boston area, MassRobotics is a global hub for robotics, and the collective work of a group of engineers, rocket scientists, and entrepreneurs focused on the needs of the robotics community.

Jeffrey Solomon, CEO of Cowen, says: “The robotics and artificial intelligence industry is a rapidly expanding market, and one that will define the advancement of manufacturing and services on a global basis. [Read more…] about Cowen and MassRobotics agree to collaborate in robotics and artificial intelligence

Ket-Met reduces machine costs by more than 40 percent, says Universal Robots

Ket-Met has been able to reduce machine costs by more than 40 percent through the application of collaborative robots, according to a case study by Universal Robots

Ket-Met is a Finnish subcontract machine tooling shop.

Until recently, the company had progressively lost its cost competitiveness – the main reason for this was that its traditional way of using CNC machines required too much manpower.

Machine hour costs were reduced by over 40 percent due to Universal Robots’ cobots.

This helped the company win new orders. [Read more…] about Ket-Met reduces machine costs by more than 40 percent, says Universal Robots

Danish robot industry makes 5 recommendations for continued growth

For the last 20 years, Denmark has succeeded in becoming one of the world’s leading robot nations. New figures show great potential for future growth, exports and employment within the Danish robot industry.

The Danish robot industry wants to realise this potential and has launched five recommendations for the newly elected Danish Parliament.

By 2025, up to 25,000 may be directly employed in the robot industry – from a current level of 8,500 employees – and total revenue has the potential to reach DKK 52 billion.

If one counts the derived revenue and employment (growth that is dependent on activities in the robot industry), then the total potential is DKK 80 billion in turnover and 55,000 employees in 2025.

HPE to acquire supercomputer manufacturer Cray for $1.3 billion

Hewlett Packard Enterprise has reached an agreement to acquire Cray, the manufacturer of supercomputing systems.

HPE says the acquisition will cost $35 per share, in a transaction valued at approximately $1.3 billion, net of cash.

Antonio Neri, president and CEO, HPE, says: “Answers to some of society’s most pressing challenges are buried in massive amounts of data. [Read more…] about HPE to acquire supercomputer manufacturer Cray for $1.3 billion

Automotive and industrial automation sectors forecast to drive micro motor market revenue to $38 billion

Demand from the automotive and industrial automation sectors is expected to drive micro motor market revenue to $38 billion, according to a new report by Fact.mr.

With soaring vehicle production and sales, the applicability and adoption of electrical equipment are also witnessing a consistent rise globally.

While automatic, quantitative fuel injection systems have already substituted conventional carburetors, micro motors are also rapidly replacing the anti-lock braking systems, which is foreseen to account for remarkable sales of micro motor within the automotive industry.

[Read more…]

RIA publishes new technical report on collaborative robots

The RIA R15.06 Standards Committee has finalized Technical Report R15.806-2018 to address the test methods and metrics for measuring pressure and force associated with quasi-static and transient contact events of collaborative applications.

A collaborative robot, or cobot, is a type of robot intended to physically interact with humans in a shared workspace. Collaborative robots are experiencing rapid market growth.

According to Markets and Markets research, the collaborative robots market is expected to reach a value of $4.28 billion by 2023, growing at an astounding 56.94 percent compound annual growth rate.

[Read more…]

Vertical farming: Professor Changhoo Chun discusses Samsung’s horticulture LEDs

A ‘smart farm’ is an intelligent farming system that applies information and communication technologies (ICT) to agriculture.

One example of a smart farming system is vertical farming, wherein food is produced in vertically stacked layers.

Vertical farming has been attracting attention in recent times as a potential future agricultural model thanks to the advantages it offers, including its economical use of space and resources, environmental-friendly form of cultivation, and the reliable harvesting.

[Read more…]

Denmark conference highlights high-growth robotics companies

The biggest event for direct investment in Odense, home to the world-famous Danish robotics cluster, Odense Investor Summit 19, takes place June 26.

The event offers a unique opportunity to see the most promising and exciting technologies in the fields of robotics, drones and health tech plus access to fellow investors and investor networks.

With the prospect of an estimated 2-300 per cent growth by 2025, the Danish robotics cluster has a unique appeal to international investors.

[Read more…]

Australian university focuses on future food systems

Queensland University of Technology (QUT) researchers will play a key part in developing smart logistics to link growers with their markets and high-tech methods of growing customised food, with the announcement of the Future Food Systems Cooperative Research Centre.

The Future Food Systems CRC will involve more than 50 commercial and research partners, with the Federal Government injecting AUS$35 million in funding over 10 years along with almost AUS$150 million in support from the research centre’s educational and commercial participants.

QUT’s involvement in the CRC is spread across the centre’s three research and development programs of planning and logistics in linking growers to their markets, developing smart automated indoor cropping and creating nutrient-dense foods and hybrid food and medical goods tailored to growing domestic and export markets.

[Read more…]