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investment

ForwardX Aiming to Deliver ‘Best-in-Class’ Autonomous Mobile Robots

January 30, 2020 by Mai Tao

By Nic Temple, Vice President of Sales for the Americas at ForwardX Robotics

Given the proliferation of warehouses, distribution centers, direct to consumer (D2C) business models, fleets of AMRs (Autonomous Mobile Robots), questioning the validity of innovation is worthy of examination.

Unlike in prior years when attendees would walk the show floor for days, many are using the MHI MODEX app and visiting for just a single day.

For that reason, a compelling innovation from ForwardX (Booth 1207) should be the first stop for serious AMR decision-makers. [Read more…] about ForwardX Aiming to Deliver ‘Best-in-Class’ Autonomous Mobile Robots

Filed Under: Features, Promoted Tagged With: ai, allows, amrs, attendees, autonomous, based, cost, data, deep, delivery, efficient, forwardx, includes, innovation, investment, learning, lidar, manufacturing, mobile, modex, nic, planning, robot, robots, roi, solution, system, systems, technology, temple, v-slam, vision, years

Nvidia launches new SoC and software-defined platform for autonomous cars and robots

January 29, 2020 by Mai Tao

Nvidia has introduced a new, “highly advanced” software-defined platform for autonomous vehicles and robots.

The Nvidia Drive AGX Orin platform is powered by a new system-on-a-chip (SoC) called Orin, which consists of 17 billion transistors and is the result of four years of research and development investment.

The Orin SoC integrates Nvidia’s next-generation GPU architecture and Arm Hercules CPU cores, as well as new deep learning and computer vision accelerators that, in aggregate, deliver 200 trillion operations per second – nearly seven times the performance of Nvidia’s previous generation Xavier SoC. [Read more…] about Nvidia launches new SoC and software-defined platform for autonomous cars and robots

Filed Under: Computing, News Tagged With: agx, architecture, autonomous, deep, deliver, drive, enable, investment, level, nvidia, orin, platform, programmable, robots, soc, software-defined, vehicle, vehicles, xavier

AGCO to expand manufacturing facility in France with €40 million investment

January 27, 2020 by Sam Francis

AGCO, an agricultural machinery giant, is to further expand its manufacturing site in Beauvais, France.

Martin Richenhagen, CEO of AGCO, made the announcement at the Choose France summit, led by French President Emmanuel Macron.

Richenhagen said: “We are delighted to keep our promise, made exactly one year ago at the Beauvais 3 Logistic Centre opening event, to announce the acquisition of the 15.7 hectares of the next door ex-Froneri Site, effective from 19th September 2019 to consolidate our presence in Beauvais. [Read more…] about AGCO to expand manufacturing facility in France with €40 million investment

Filed Under: Infrastructure, News Tagged With: agco, beauvais, centre, created, equipment, ferguson, france, investment, jobs, manufacturing, massey, parts, production, richenhagen, single, site, tractor

Opinion: Radical rethink of automotive R&D investment required in 2020

January 24, 2020 by David Edwards

Continued disruption, restructuring and re-shaping of the automotive industry will be required to make increasing levels of R&D affordable whilst simultaneously representing a major growth opportunity in the year ahead, according to engineering consultancy Horiba Mira.

The proliferation of electrification and connected and autonomous vehicle (CAV) technologies will continue to be amongst the top automotive trends in 2020 which will continue to push up the already soaring costs of research and development.

Indeed, latest figures show European auto manufacturers spent a record £33.3 billion on R&D – 35 per cent more than the £24.6 billion spent in 2014/15. [Read more…] about Opinion: Radical rethink of automotive R&D investment required in 2020

Filed Under: Design, Features Tagged With: adds, auto, automotive, billion, brexit, cav, connected, continue, continued, costs, davis, disruption, ev, horiba, industry, investment, key, making, manufacturers, mind, mira, opportunity, partnerships, r&d, required, spent, start-ups, technologies, uk, vehicles, year

Bosch increases stake in fuel-cell maker Ceres Power to €90 million

January 23, 2020 by Sam Francis

Bosch is strengthening its strategic collaboration with fuel-cell expert Ceres Power by increasing its stake to 18 per cent.

Bosch, an industrial giant and a leading provider of automotive systems, previously had a stake in Ceres of 3.9 per cent.

The stake increase is achieved through a subscription by Bosch for new Ceres Power shares, as well as the purchase of further shares from existing shareholders. [Read more…] about Bosch increases stake in fuel-cell maker Ceres Power to €90 million

Filed Under: Manufacturing, News Tagged With: applications, bosch, ceres, development, fuel-cell, investment, power, stake, technology

Severstal invests in robotics to automate advanced composites manufacturing with Airborne

January 21, 2020 by David Edwards

Severstal, one of the world’s largest vertically integrated steel and mining companies, has invested in Dutch company Airborne, a developer of robotic and digital automation platforms for the production of composite parts and products with integrated composites.

Severstal joins other investors in this investment round, including Pangaea Ventures, the leading advanced materials venture capital fund, and SABIC, the world’s third largest diversified chemical company.

Airborne has developed and brought to market a unique set of digital technologies that increase the efficiency of carbon fiber composite production by automating the production process. [Read more…] about Severstal invests in robotics to automate advanced composites manufacturing with Airborne

Filed Under: Manufacturing, News Tagged With: advanced, airborne, automation, company, composite, composites, deal, development, including, industry, integrated, investment, manufacturing, market, materials, metals, offer, potential, process, production, products, severstal, solutions, steel, unique, venture, ventures, working

Amazon Robotics building $40 million research and development center in Massachusetts

January 21, 2020 by David Edwards

Amazon is building a new Amazon Robotics innovation hub in Westborough, Massachusetts, creating 200 tech and advanced manufacturing jobs in the process.

Opening in 2021, the company plans to invest more than $40 million in the new site to allow Amazon Robotics to continue to grow its engineering, manufacturing, support and test teams in the state.

The new 350,000 square feet facility, developed by Atlantic Management of Framingham, Massachusetts, will feature corporate offices, research and development labs, and manufacturing space and will be in addition to Amazon Robotics’ current site in North Reading – together serving as the company’s “epicenter of robotics innovation”. [Read more…] about Amazon Robotics building $40 million research and development center in Massachusetts

Filed Under: Design, Features Tagged With: amazon, company, continue, development, facility, grow, innovation, investment, jobs, manufacturing, massachusetts, regional, robotics, site, state, teams, westborough

Naïo Technologies raises €14 million for farm robot business

January 20, 2020 by Sam Francis

Startup company Naïo Technologies has raised €14 million in a new funding round to develop and expand its farming robots business.

After a first round of €3 million in 2015, the French start-up Naïo Technologies specialized in agricultural robots, announces the closing of a €14 million funding round led by Bpifrance.

Impact investor Pymwymic and Codema and its historical shareholders, Demeter and Capagro, flanked Bpifrance in this investment round. [Read more…] about Naïo Technologies raises €14 million for farm robot business

Filed Under: Industry, News Tagged With: agricultural, allows, bpifrance, capagro, company, demeter, farmers, farming, funding, investment, naïo, navigation, robot, robots, round, sustainable, technologies, weeding

Hanwha Systems gearing up to enter air taxi market

January 20, 2020 by Mai Tao

Hanwha Systems is making a $25 million investment in US air taxi startup Overair, and has received approval from the relevant authorities for the move.

Hanwha Systems and Overair research and development are planning to co-develop and bring the “Butterfly” to the US air-taxi market by the year 2025.

In early December of 2019, Youn-Chul Kim, CEO of Hanwha Systems, said that the Committee on Foreign Investment in the United States (CFIUS) approved Hanwha Systems’ $25 million investment in Overair (previously K4 Aeronautics), a leading US air-taxi startup. [Read more…] about Hanwha Systems gearing up to enter air taxi market

Filed Under: Design, Features Tagged With: air, air-taxi, aircraft, butterfly, ceo, development, hanwha, invest, investment, karem, market, overair, project, systems, taxi, taxis, technologies, technology, uber, vehicle

Universal Robots sells almost 40,000 units

January 10, 2020 by Sam Francis

Universal Robots has sold almost 40,000 units to date, but says the market for collaborative robots remains “largely untapped”.

The company started selling its collaborative robots more than 10 years ago, and has become the leader in a category which it effectively created.

At the time, collaborative robots were unheard of, and industrial robots were always thought of as big, powerful machines which needed to be caged off in case of danger to human workers. [Read more…] about Universal Robots sells almost 40,000 units

Filed Under: Features, Industrial robots Tagged With: cobot, cobots, collaborative, company, investment, manufacturers, market, return, robot, robots, started, universal, ur

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