Robotics & Automation News

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Hyundai partners with Rolls-Royce to develop electric and hydrogen engine for new types of aircraft

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Rolls-Royce and Hyundai Motor Group are to collaborate on bringing all-electric propulsion and hydrogen fuel cell technology to the Advanced Air Mobility (AAM) market, which includes electric vertical take-off and landing (eVTOL) aircraft.

The partnership will leverage Rolls-Royce’s aviation and certification capabilities and Hyundai Motor Group’s hydrogen fuel cell technologies and industrialisation capability.

Both companies share a vision of “leading the way” in the AAM market delivering battery-electric and fuel cell electric solutions to the Urban Air Mobility (UAM) and Regional Air Mobility (RAM) markets and advancing sustainable aviation. [Read more…] about Hyundai partners with Rolls-Royce to develop electric and hydrogen engine for new types of aircraft

Mitsubishi Electric to build new factory in India

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Mitsubishi Electric says it will invest approximately 3.1 billion yen ($22.3 million) in its subsidiary Mitsubishi Electric India to establish a new factory in India.

Expected to start operations in December 2023, the new factory will manufacture inverters and other factory automation control system products, expanding the company’s capabilities to meet the growing demand in India.

The rapidly growing Indian market is expanding at an annual rate of about 8% mainly in industries such as automobiles, food & beverage, pharmaceuticals, data centers, and textiles, with further market expansion expected in the future. [Read more…] about Mitsubishi Electric to build new factory in India

South Korea AutoStore integrator Asetec joins the RightHand Robotics partner integrator network

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RightHand Robotics, a provider of autonomous robotic picking solutions for order fulfillment, and Asetec, a logistics automation ICT company, have partnered for future robotic logistics center integration projects in South Korea.

As an AutoStore integrator, Asetec will combine the world’s leading robotic storage system and other matched technologies with RightHand Robotics’ award-winning RightPick item-handling solution to expand its offerings with a diversified range of automation.

Founded in 1996, Asetec is a turnkey integrator for logistics centers, providing customers with consulting and engineering, automation design and construction, and AI software solutions (WMS/TMS/OMS/WCS). [Read more…] about South Korea AutoStore integrator Asetec joins the RightHand Robotics partner integrator network

Global semiconductor equipment sales grow 5 percent to $25 billion

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Global semiconductor equipment billings grew 5 percent year-over-year to $24.7 billion in the first quarter of 2022, according industry association SEMI.

The figures were revealed in SEMI’s Worldwide Semiconductor Equipment Market Statistics Report. Quarter-over-quarter billings in the seasonally soft first quarter declined 10 percent.

Ajit Manocha, SEMI president and CEO, says: “Year-over-year first quarter equipment revenue growth is in sync with positive forecasts for 2022 as the semiconductor industry continues its robust increase of fab capacity. North America and Europe logged healthy quarter-over-quarter rises in equipment spending as they intensify efforts to bolster domestic chipmaking.” [Read more…] about Global semiconductor equipment sales grow 5 percent to $25 billion

ForwardX Robotics partners with Qualcomm to develop new autonomous mobile robots

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ForwardX Robotics, a manufacturer of autonomous mobile robots for warehouses, is partnering with chipmaking giant Qualcomm to develop new robots.

The two companies showcased the results of their collaboration at the recent Hannover Messe event in Germany, where ForwardX and Qualcomm jointly gave demonstrations.

Qualcomm showcased its Robotics RB5 Platform with the ForwardX Flex AMR on display. The robotics platform supports 5G connectivity, AI and machine learning, superior computing, and intelligent sensing capabilities. [Read more…] about ForwardX Robotics partners with Qualcomm to develop new autonomous mobile robots

ROBOJuice promises robot-made smoothies in 60 seconds

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A startup company called ROBOJuice is promising “first-ever artificial intelligence and robotics-powered kiosk that can prepare and serve smoothies and acai bowls in under 60 seconds”.

Nik Sakhno, the founder of ROBOJuice, says the company has launched because the hospitality industry continues to embrace automation and it was good time to bring the machine to market.

With more than 10 years’ experience in the food automation industry, Sakhno, alongside a team of expert engineers, created ROBOjuice with the goal of helping fast-casual restaurants increase productivity, while being “10 times more affordable to deploy, and two times more profitable compared to traditional, labor-intensive fast-casual restaurants”. [Read more…] about ROBOJuice promises robot-made smoothies in 60 seconds

SLAMcore raises $16 million to give spatial understanding to robots and the metaverse

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SLAMcore, a developer of vision-based location and mapping for robots and autonomous machines, has raised $16 million in Series A capital.

The company says the funding will allow the business to rapidly capitalize on its proven technology which combines AI with consumer-grade cameras, sensors and processors to solve the complex challenges of mapping and navigating for a wide range of autonomous machines and devices.

The funding round was led by ROBO Global Ventures and Presidio Ventures who invested alongside Amadeus Capital, Global Brain, IP Group, MMC and Octopus. Strategic investors Samsung Ventures, Toyota Ventures, and Yamato Holdings also joined the round. [Read more…] about SLAMcore raises $16 million to give spatial understanding to robots and the metaverse

Top Effective Forex Trading Strategies

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With a trading volume of more than $6 trillion, the forex market is one of the largest financial markets in the entire world. This is an interesting endeavor for all those who are ready to take some risks, but it comes with many pitfalls.

If you are a novice in the field, you need to be careful about these mistakes and make sure not to commit them in the future.

One of the most important things in forex trading is finding the right trading style. Now there are many platforms like the RoboMarkets, a multi-asset broker that offers trading tips, 6 markets, and over 12,000 trading instruments to help the traders make the right investment. With the help of such a platform, you will be able to find the right strategy that fits your needs and aspirations. [Read more…] about Top Effective Forex Trading Strategies

The future of Crypto: What’s Next?

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At the start of 2022, we have seen crypto investors on edge. The price seemed to be leading the token Bitcoin in the market. We have seen the growth at a considerable pace of 61 per cent, while the next Crypto-ETH gave 409 per cent in the country.

It helped many leading coins start the trend downward on November 21, which can assist in correcting the correction. As it turned out, we can see a much more favourable market gaining momentum in 21. It was able to gain a promising trend in the market that gave the start of 2022.

The stock market gained a good tip owing to the surging inflation. The invasion of Russia in Ukraine gave a tremendous challenge to the market. Crypto soon had to follow the suit that went on five things at a faster pace and gain the 500 periods in the time. You can visit the site – official bitcoin evolution to learn more. [Read more…] about The future of Crypto: What’s Next?

Buying Bitcoin Legally in India

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Crypto has been going at a faster pace. We have seen the value-boosting by 120 per cent. The asset class seemed to have witnessed a soon setback, while the digital currency has remained very popular worldwide.

We can see many of these coins gaining global acceptance in the market. We have seen the assets going out of the world in popularity, and one can find too many more things researching the best way to bring digital currencies into the mainstream market.

Institutional adaptation is among the key reasons Bitcoin has grown exponentially aware of the same. Recently, we have seen a debut of a Bitcoin-based company called the ETF that has gone up on the NYSE.  [Read more…] about Buying Bitcoin Legally in India