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Mecademic Robotics expands into huge markets with its tiny robot

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Mecademic Robotics, the Canada-based maker of a tiny industrial robot, is expanding into some of the largest robotics markets in the world.

The company has reached strategic agreements with new “value-added partners” which will enable it to grow into reginal markets in the US, Canada, France, Germany, and Australia.

As the global market continues to see increased demand for small industrial robot arms, Mecademic says it has increased its production capacity and regional presence to better serve its customers.

Mecademic describes its new partners – which are Allied Automation (USA), The Knotts Company (USA), Electromate (Canada), Pagès Group (France), LMZ (Germany), and Andrew Donald Design Engineering (Australia) – as “cutting-edge automation solution providers”. [Read more…] about Mecademic Robotics expands into huge markets with its tiny robot

Continental to increase investment into developing autonomous mobility systems

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Continental is planning to increase its investment into developing autonomous mobility systems from €200 million to €250 million this year.

The company, which is mainly known as a manufacturer of tyres and related technologies, says it will create a separate business unit for autonomous mobility in 2022.

The reason for the additional funds in the area is because of the trends in the industry. [Read more…] about Continental to increase investment into developing autonomous mobility systems

Sole Source Capital acquires Peak-Ryzex and Optical Phusion

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Sole Source Capital, an industrial-focused private equity firm, has acquired Peak-Ryzex from Keystone Capital and Optical Phusion from its founders, two leading providers of automatic identification, data capture and factory automation solutions.

The companies will be merged and led by Peak-Ryzex CEO Juliann Larimer, CFO Michele Adams and Optical Phusion president Tony Rivers. Terms of the transactions were not disclosed.

The combination will yield significant technological and operational synergies as well as deliver enhanced cross-selling opportunities to a broad set of clients ranging from small and medium sized businesses to Fortune 500 companies – all seeking supply-chain logistical support. [Read more…] about Sole Source Capital acquires Peak-Ryzex and Optical Phusion

Jeff Brown’s latest prediction on stock markets: The second wave

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Stock markets are always unpredictable. You can lose money in split seconds or become a millionaire too.

However, Jeff Brown views the stock market differently, and losing is not his portion. He believes in seizing opportunities in current technologies and situations.

Jeff can predict potential brands to invest in for great profits in the future. During his latest prediction (the second wave), Brown feels the current market is not stable and poses a great risk in the near future. [Read more…] about Jeff Brown’s latest prediction on stock markets: The second wave

German engineering companies losing massive market share due to subtle trade barriers

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German engineering companies are losing massive market share due to trade barriers around the world, according to a new report.

Globally its most successful sector, and represented by industry association VDMA, Germany’s engineering companies say they have lost between 70 and 100 percent of export markets in some countries.

The VDMA blames “egoism” and a climate of protectionism, according to Die Welt, which notes that subtle instruments such as localization initiatives and regulations, as well as the traditional blunt ones such as tariffs and subsidies, are being used to obligate companies to avoid buying from overseas machine builders. [Read more…] about German engineering companies losing massive market share due to subtle trade barriers

EU member states agree €750 billion post-pandemic recovery fund

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Member states of the European Union have agreed a €750 billion recovery fund in the wake of the coronavirus pandemic, which has all but destroyed large parts of the economy in many countries.

The agreement was reached during a four-day summit meeting in Brussels, Belgium between the leaders of the 27 member nations.

Charles Michel, chairman of the summit, called the accord “a pivotal moment for Europe”, according to a report by Reuters. [Read more…] about EU member states agree €750 billion post-pandemic recovery fund

Opinion: Innovation is in need of better platforms to support its growth

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By Frederick Bravey, business development manager, SVV

Innovation is adapting faster with no signs of slowing down. In this fast-paced environment, innovation is in need of better platforms to support its growth. Corporations today are facing extensive challenges in getting new innovative ideas to market.

​According to ​Harvard Business School​ ​professor​ ​Clayton Christensen​, ​there are over 30,000 new products introduced every year, and 95 percent fail​, ​resulting in huge amounts of time wasted on failed concepts.

However, corporations are now looking toward new ways to greatly reduce their lead time as well as expanding their horizons beyond their current business models. [Read more…] about Opinion: Innovation is in need of better platforms to support its growth

Honeywell forms business units for unmanned aerial systems

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Honeywell has formed a new business unit dedicated to the growing Unmanned Aerial Systems (UAS) and Urban Air Mobility (UAM) industries.

The UAS business unit will continue Honeywell’s momentum and leadership in these emerging markets, utilizing Honeywell’s technology, software, services and certification expertise to meet customers’ needs in these markets.

Mike Madsen, president and CEO, Honeywell Aerospace, says: “Urban Air Mobility and Unmanned Aerial Systems will play an increasing role in the future of aerospace, with potential applications in all-electric urban air taxi vehicles, hybrid-electric unmanned cargo drones, optionally piloted airplanes, delivery drones and everything in between. [Read more…] about Honeywell forms business units for unmanned aerial systems

Delta acquires industrial automation software company Trihedral

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Delta Electronics is to acquire 100 percent of the shares of Trihedral Engineering, a Canadian SCADA and IIoT software company, for more than $33 million.

The acquisition will unite Delta’s hardware and Trihedral’s software in the rapidly growing field of automation, AI, and data analytics.

Delta says the initiative will further strengthen its sales expansion in various fields such as industrial automation for smart manufacturing. [Read more…] about Delta acquires industrial automation software company Trihedral

Lumotive claims ‘industry-first’ LiDAR using liquid its Crystal Metasurfaces and CMOS manufacturing

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Lumotive, a developer of scalable solid-state LiDAR systems, has launched the first two in a series of 3D-sensing products that utilize its innovative Liquid Crystal Metasurfaces (LCMs) manufactured in CMOS semiconductor processes.

The company says the new systems are designed to meet performance, cost and size requirements across a range of industries.

With samples available in the fourth quarter of this year, the Lumotive X20 and Lumotive Z20 LiDAR systems target the automotive and industrial automation markets, respectively. [Read more…] about Lumotive claims ‘industry-first’ LiDAR using liquid its Crystal Metasurfaces and CMOS manufacturing