Robotics & Automation News

Market trends and business perspectives

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CFD Trading: What it is and How it Works

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CFDs are leveraged instruments traded over-the-counter with a securities firm, which is commonly referred to as a CFD provider. A CFD is a Specified Investment Product (SIP), on a need to sell or buy basis.

Dealing in CFD is attractive to day traders that can use leverage in trading assets that are more costly to buy and sell. However, the low industry regulation, potential lack of liquidity, and the need to maintain an adequate margin make CFD a risky trade. [Read more…] about CFD Trading: What it is and How it Works

Dover acquires industrial automation company XanTec

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Dover Corporation, diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion, has completed the acquisition of XanTec.

XanTec Steuerungs und EDV-Technik is a developer and supplier of automation and control solutions for industrial machinery of all types with particular focus on plastic and polymer processing machines across the globe.

XanTec now becomes part of the Maag Group, a global provider of integrated and customizable process technology solutions for the polymer, chemical, petrochemical, pharmaceutical and food industries within Dover’s Pumps & Process Solutions segment. [Read more…] about Dover acquires industrial automation company XanTec

Siemens acquires provider of virtual training for industrial companies Vizendo

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Siemens has acquired Swedish service and software company Vizendo, a provider of virtual operator training for automotive manufacturing.

Virtual training enables industrial companies to reduce their training times and launch new products faster and in higher quality.

Karen Florschütz, CEO of the customer services business unit at Siemens, says: “Virtual training has huge growth potential. Vizendo’s service and software range ideally complements our digital services and thus our Digital Enterprise portfolio. [Read more…] about Siemens acquires provider of virtual training for industrial companies Vizendo

Interview: Startup Reflect developing new solution to ‘a real industrial problem’

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Interview with George Papanikolopoulos, CEO of CASP, which is developing a software solution to what he describes as ‘a real industrial problem’

Reflect is one of the experiments that successfully passed to Phase II of the first Open Call in ESMERA, the EU agency that has a multimillion-euro budget to help robotic startups. 

Being one of the 12 experiments that started in ESMERA in the summer of 2019, Reflect proved its concept to external evaluators and has been selected as one of the currently five final experiments in Phase II. [Read more…] about Interview: Startup Reflect developing new solution to ‘a real industrial problem’

Autonomous vehicles simulator Applied Intuition raises $40 million in funding

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Applied Intuition, a provider of a simulation platform for autonomous vehicle development, has raised $40 million in Series B financing.

The funding round was led by General Catalyst with participation from Kleiner Perkins, M12 (Microsoft), Sozo Ventures, and La Famiglia.

Previous investors, Andreessen Horowitz, Lux Capital, and Floodgate, also participated in this round. [Read more…] about Autonomous vehicles simulator Applied Intuition raises $40 million in funding

Techman Robot signs up Accu Tech USA as new distributor

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Accu Tech USA, a provider of automation and motion solutions in the US, has signed a distribution agreement with Techman Robot, a provider of collaborative robots and vision technologies.

Under the agreement, Accu Tech USA will provide the complete range of collaborative robots offered by TM Robot to its US customers. Products have been available to order from Accu Tech USA as of last month.

Ed Lee, president of Accu Tech USA, says: “Accu Tech USA has a longstanding history of delivering affordable, cutting edge automation and motion technology to the US market. [Read more…] about Techman Robot signs up Accu Tech USA as new distributor

Locus Robotics in technology partnership with RightHand Robotics

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Locus Robotics, a provider of autonomous mobile robots (AMR) for fulfilment warehouses, and RightHand Robotics (RHR), a provider of integrated robotic piece-picking solutions, announced a partnership to deliver cross-platform robotics solutions for warehouse fulfilment operators.

Locus and RHR will give a preview of their multi-stage fulfilment solution at Manhattan Associates’ Momentum Conference 2019 from May 20 -23rd in Phoenix, Arizona, USA.

Their approach combines Locus’s autonomous multi-robot model for piece handling with RHR’s autonomous work cell to provide greater automation, addressing multiple fulfilment processes, from picking to packing, especially in high-volume environments.

[Read more…] about Locus Robotics in technology partnership with RightHand Robotics

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