Welding

Cemtrex Receives $3.8 Million for Two Advanced Industrial Services Projects

Retrieved on: 
Wednesday, January 31, 2024
Growth, Government, Welding, Investment, AIS, Society, Confidentiality, Water

Brooklyn, NY, Jan. 31, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received $3.8 million in new orders through its Advanced Industrial Services (“AIS”) subsidiary for two projects, including a $2.2 million order for a geothermal system update for a Northeastern School District, and a $1.6 million order for the fabrication of a key component for a motion control technologies company.

Key Points: 
  • Brooklyn, NY, Jan. 31, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received $3.8 million in new orders through its Advanced Industrial Services (“AIS”) subsidiary for two projects, including a $2.2 million order for a geothermal system update for a Northeastern School District, and a $1.6 million order for the fabrication of a key component for a motion control technologies company.
  • As a premier provider of industrial contracting services including fabrication, millwrighting, rigging, piping, electrical and welding, AIS is also capturing high value projects with industry leaders.
  • “Taken together, this demand delivered an 18% increase in revenues for AIS and our Industrial Services segment in FY’23 to $25.0 million.
  • The escalating need for industrial services is driving the market towards $45.3 billion in 2028, growing at a CAGR of 5.53%, according to Verified Market Research.

Universal Robots Reports Strong End to 2023

Retrieved on: 
Wednesday, January 31, 2024
Automotive Manufacturing, Aerospace, Technology, Manufacturing, Robotics, Other Manufacturing, Artificial Intelligence, Engineering, Machinery, Hardware, Machine Tools, Metalworking & Metallurgy, Multimedia, Universal Robots, ILiad, Automation, Welding, OEM, Robot

Universal Robots , the Danish collaborative robot (cobot) company, has reported Q4 revenue of USD 103 million, up 21% on Q4 2022.

Key Points: 
  • Universal Robots , the Danish collaborative robot (cobot) company, has reported Q4 revenue of USD 103 million, up 21% on Q4 2022.
  • View the full release here: https://www.businesswire.com/news/home/20240131513966/en/
    In 2023, Universal Robots experienced strong demand for its new heavy payload cobots; the UR20, and later the UR30 launched globally in November at the iREX trade show in Japan.
  • We ended the year strong and enter 2024 with a great foundation for further growth.”
    In 2023 Universal Robots experienced strong demand for the first of its heavy payload cobots, the UR20 , particularly for palletizing and welding applications.
  • It will be our continued software excellence and ease of use, on top of our hardware innovation, that creates value for our partners and end customers.”

Universal Robots reports strong end to 2023

Retrieved on: 
Friday, February 2, 2024
Universal Robots, Growth, Automation, Welding, Povlsen, OEM

ODENSE, Denmark, Feb. 2, 2024 /PRNewswire/ -- Universal Robots , the Danish collaborative robot (cobot) company, has reported Q4 revenue of USD 103 million, up 21% on Q4 2022.

Key Points: 
  • ODENSE, Denmark, Feb. 2, 2024 /PRNewswire/ -- Universal Robots , the Danish collaborative robot (cobot) company, has reported Q4 revenue of USD 103 million, up 21% on Q4 2022.
  • 2023 annual revenue was USD 304 million, down 7% on 2022.
  • In 2023 Universal Robots experienced strong demand for the first of its heavy payload cobots, the UR20, particularly for palletizing and welding applications.
  • It will be our continued software excellence and ease of use, on top of our hardware innovation, that creates value for our partners and end customers."

Arc Welding Inverter Market Report: Trends, Forecast and Competitive Analysis to 2030

Retrieved on: 
Friday, February 2, 2024
Growth, Aluminium, M&A, Stainless steel, Welding, Steel, Investment, Porter's five forces analysis, Shipbuilding

DUBLIN, Feb. 1, 2024 /PRNewswire/ -- The "Arc Welding Inverter Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 1, 2024 /PRNewswire/ -- The "Arc Welding Inverter Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
  • The global arc welding inverter market is expected to reach an estimated $13 billion by 2030 with a CAGR of 4.8% from 2024 to 2030.
  • The future of the global arc welding inverter market looks promising with opportunities in the high-tech industry, heavy industry, and light industry markets.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the arc welding inverter market.

IPG Presents New Technologies, Products and Solutions for E-mobility Manufacturing, Materials Processing and Specialized Applications at Photonics West 2024

Retrieved on: 
Monday, January 29, 2024
CO2, Laser, UV, Convection, IPGP, Research, Ultraviolet, Heat, Electronics, AMB, Computer, Specialization, Software, Welding, MES, EV, SPIE, IPG, LDD

MARLBOROUGH, Mass., Jan. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) will highlight new and innovative fiber laser solutions at Photonics West January 30 – February 01, 2024 in San Francisco.

Key Points: 
  • MARLBOROUGH, Mass., Jan. 29, 2024 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) will highlight new and innovative fiber laser solutions at Photonics West January 30 – February 01, 2024 in San Francisco.
  • Manufacturers benefit from high-efficiency heating solutions which provide dramatically faster heating and drying processes with minimal waste heat.
  • For high-power materials processing, new ECO series high-efficiency laser sources, provide unmatched high-power reliability with over 50% energy efficiency.
  • IPG software provides powerful features in a simple and intuitive user interface for remote processing applications including cutting, welding, cleaning and marking.

FABTECH Canada Returning to Toronto June 11-13

Retrieved on: 
Wednesday, January 17, 2024
Laser, Woman, FMA, SME, Robotics, Hockey, ESAB, Lincoln Electric, Welding, Certification, Automation, Miller

TORONTO, Jan. 17, 2024 (GLOBE NEWSWIRE) -- FABTECH Canada , the country’s largest metal forming, fabricating, welding and finishing event, has officially announced registration is open.

Key Points: 
  • TORONTO, Jan. 17, 2024 (GLOBE NEWSWIRE) -- FABTECH Canada , the country’s largest metal forming, fabricating, welding and finishing event, has officially announced registration is open.
  • The 2024 event is returning to the Toronto Congress Centre June 11-13, 2024.
  • Exhibiting companies include AMADA Canada, BLM Group, Bystronic Canada, Mitsubishi Laser/MC Machinery Systems, Hypertherm, TRUMPF, Westway Machinery, Lincoln Electric, ESAB Welding & Cutting Products, Miller, Therma-Tron-X, Sames Kremlin Inc., Kuka Robotics Canada, AGT Robotics, and more.
  • The CWB Group will hold its CANWELD 2024 conference in conjunction with FABTECH Canada on June 12-13.

Advancements in Welding Technologies: New Growth Opportunities in Improving Safety and Sustainability - ResearchAndMarkets.com

Retrieved on: 
Monday, January 29, 2024
Manufacturing, Other Manufacturing, Steel, Machinery, Machine Tools, Metalworking & Metallurgy, Welding, Automation, Natural Resources, Metal, Temperature, Maintenance (technical)

Welding is a versatile and essential fabrication process that uses heat to join metals together, either similar or dissimilar metals.

Key Points: 
  • Welding is a versatile and essential fabrication process that uses heat to join metals together, either similar or dissimilar metals.
  • Unlike brazing and soldering which use a lower temperature for metal fusion, welding technologies operate at very high temperatures.
  • With fully automated welding solutions witnessing radical adoption across the manufacturing industry, the technology maturity level is very high.
  • Fully automated welding solutions can be programmed to perform repetitive welding work.

New Welding Technology Solutions Analysis: Software-based Robot Welder to Enhance Manufacturing Efficiency

Retrieved on: 
Monday, January 29, 2024
Welding, Automation, Natural Resources, Metal, Temperature, Maintenance (technical)

With fully automated welding solutions witnessing radical adoption across the manufacturing industry, the technology maturity level is very high.

Key Points: 
  • With fully automated welding solutions witnessing radical adoption across the manufacturing industry, the technology maturity level is very high.
  • Semi-automated welding solutions are used predominantly for manufacturing a limited volume of products and require an operator to manually load the parts onto the fixture.
  • Manufacturers in various industries are adopting highly automated, AI-based cobot welding solutions to improve manufacturing processes.
  • This report covers the welding technologies/trends and solutions that improve manufacturing processes' efficiency and optimize plants; it provides an in-depth analysis of the welding technologies seeing high adoption in the manufacturing industry.

Fonon Corporation Highlights Its Quartz Laser Welding Technology for Glass Manufacturing Applications

Retrieved on: 
Wednesday, January 24, 2024
Technology, Science, Machinery, Other Energy, Other Manufacturing, Semiconductor, Engineering, Energy, Research, Government Technology, Aerospace, Telecommunications, Manufacturing, Audio, Video, Defense, Hardware, Consumer Electronics, Quartz, Radio, Corporation, Joint, Instrument, Welding, Distortion, Lens, Borosilicate glass

Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights applications for its Quartz Laser Welding Technology (QLWT).

Key Points: 
  • Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights applications for its Quartz Laser Welding Technology (QLWT).
  • Fonon's patented Quartz Laser Welding Technology makes it possible to weld through quartz glass on a monolithic basis.
  • Fonon Corp’s technology allows operators to weld joints up to 100mm deep and with welding characteristics like those of monolithic quartz glass.
  • For more information about Fonon Corporation's Quartz Laser Welding Technology, please visit https://fonon.com.

Angeles Equity Partners Acquires Acieta from Mitsui to Expand Robotics Integration Platform

Retrieved on: 
Tuesday, January 23, 2024
Venture Capital, Commercial Building & Real Estate, Construction & Property, Agriculture, Natural Resources, Other Manufacturing, Textiles, Steel, Packaging, Robotics, Engineering, Chemicals, Plastics, Automotive Manufacturing, Logistics, Supply Chain Management, Aerospace, Transport, Manufacturing, Other Technology, Software, Networks, Electronic Design Automation, Technology, Semiconductor, Retail, Professional Services, Online Retail, Simpson Thacher & Bartlett, Welding, Acquisition, Mitsui, Vantage

An affiliate of Angeles Equity Partners, LLC (“Angeles”), a private investment firm focused on value creation through operational transformation, today announced the acquisition of Acieta LLC (“Acieta”), a Midwest-based industrial robotics manufacturer and integrator, from Mitsui & Co. (U.S.A.), Inc. (“Mitsui”).

Key Points: 
  • An affiliate of Angeles Equity Partners, LLC (“Angeles”), a private investment firm focused on value creation through operational transformation, today announced the acquisition of Acieta LLC (“Acieta”), a Midwest-based industrial robotics manufacturer and integrator, from Mitsui & Co. (U.S.A.), Inc. (“Mitsui”).
  • This transaction marks the fourth strategic acquisition by Angeles in the robotics integration sector, complementing its current platform consisting of RōBEX, Mid-State Engineering, and +Vantage.
  • In addition, Acieta has built a large standard products business, which is a differentiated offering among systems integrators.
  • “We are excited about the combination of these two great companies and believe in the ongoing growth trajectory of this industry,” said Sam Heischuber, managing director at Angeles Equity Partners.