CNC

DELAWARE FIRST HEALTH DONATES $15,000 FOR DOULAS TO BE CREDENTIALED IN DELAWARE

Retrieved on: 
Thursday, March 14, 2024

"We recognize the important work doulas provide for the community and their key role in addressing disparate maternal and infant health outcomes," said Delaware First Health Plan President and CEO, Bill Wilson.

Key Points: 
  • "We recognize the important work doulas provide for the community and their key role in addressing disparate maternal and infant health outcomes," said Delaware First Health Plan President and CEO, Bill Wilson.
  • Doula services are one solution to help address inequities in health care and we are proud to ensure Delawareans have access to credentialed doulas."
  • Delaware First Health seeks to remove a barrier for doulas to get their credentials, so that more expecting mothers can take advantage of this benefit.
  • Beginning this year, Delaware First Health provides coverage of doula services that include the following:
    Three prenatal visits of up to 90 minutes.

Adamastor is the premium engineering centre where the first Portuguese supercar is being developed

Retrieved on: 
Wednesday, March 13, 2024

PORTO, Portugal, March 13, 2024 /PRNewswire/ -- From its facilities in Perafita, on the outskirts of Porto, Adamastor is currently working on the development of the first Portuguese supercar. But the highly specialised team working in the areas of engineering, production and design also has the technical and human resources to design, develop and produce its own tools, equipment and other components, and is also committed to becoming a leader in the execution of engineering projects of excellence at international level, with a special focus on the design of carbon fibre components of the highest quality. Adamastor Advanced Technologies was born.

Key Points: 
  • PORTO, Portugal, March 13, 2024 /PRNewswire/ -- From its facilities in Perafita, on the outskirts of Porto, Adamastor is currently working on the development of the first Portuguese supercar.
  • Although the Portuguese company is fully focused on conquering its space in the exclusive low-volume supercar segment, it also aims to establish itself as a centre of excellence by providing consultancy, design and engineering conception services through Adamastor Advanced Technologies.
  • Adamastor's various in-house technology projects include an innovative suspension system developed entirely in-house, registered and published under an international patent.
  • Adamastor is also proud of the certification awarded by the Agência Nacional de Inovação (ANI) for its suitability to carry out research and development activities.

Adamastor is the premium engineering centre where the first Portuguese supercar is being developed

Retrieved on: 
Wednesday, March 13, 2024

PORTO, Portugal, March 13, 2024 /PRNewswire/ -- From its facilities in Perafita, on the outskirts of Porto, Adamastor is currently working on the development of the first Portuguese supercar. But the highly specialised team working in the areas of engineering, production and design also has the technical and human resources to design, develop and produce its own tools, equipment and other components, and is also committed to becoming a leader in the execution of engineering projects of excellence at international level, with a special focus on the design of carbon fibre components of the highest quality. Adamastor Advanced Technologies was born.

Key Points: 
  • PORTO, Portugal, March 13, 2024 /PRNewswire/ -- From its facilities in Perafita, on the outskirts of Porto, Adamastor is currently working on the development of the first Portuguese supercar.
  • Although the Portuguese company is fully focused on conquering its space in the exclusive low-volume supercar segment, it also aims to establish itself as a centre of excellence by providing consultancy, design and engineering conception services through Adamastor Advanced Technologies.
  • Adamastor's various in-house technology projects include an innovative suspension system developed entirely in-house, registered and published under an international patent.
  • Adamastor is also proud of the certification awarded by the Agência Nacional de Inovação (ANI) for its suitability to carry out research and development activities.

Highly Acclaimed by Global B2B Buyers, 16 Taiwanese SMEs Showcase Their International Trade Capabilities

Retrieved on: 
Tuesday, March 12, 2024

TAIPEI, March 12, 2024 /PRNewswire/ -- The 16 finalists of the 10th "Taiwan E-Talent Competition" officially announced on 6 March. The selected finalists include internationally recognized hidden champions, seasoned manufacturing companies, and emerging stars in international trade. The diverse industries and product categories highlight the strong capabilities of Taiwan's small and medium-sized enterprises (SMEs) in products and services, earning widespread acclaim.

Key Points: 
  • The selected finalists include internationally recognized hidden champions, seasoned manufacturing companies, and emerging stars in international trade.
  • Taiwan E-Talent Competition announced the top 16 finalists, demonstrating Taiwan enterprises' solid quality trusted by international buyers.
  • The top 16 SMEs selected have witnessed the pivotal role of AI technology, data analysis, and short video content in business transformation.
  • They have also challenged conventional operations to achieve remarkable results in the international market, some even have developed a "one-stop" service and integrated trade model.

EQS-News: Schaeffler Announces New Automotive Manufacturing Facility

Retrieved on: 
Wednesday, March 13, 2024

Planned investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032

Key Points: 
  • Planned investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032
    Herzogenaurach, Germany / Fort Mill, S.C., USA | February 26, 2024 | Global motion technology company Schaeffler announces the expansion of its operations in the U.S. with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions.
  • Schaeffler is investing over USD 230 million in building the new greenfield manufacturing facility, strategically located in Dover, Ohio, as well as future expansions in the state until 2032.
  • These jobs will lead to growth at the company’s current facility in Wooster, Ohio, and the new manufacturing facility in Dover.
  • The new manufacturing facility location is in the proximity of Schaeffler’s customers, major automotive OEMs, strategic suppliers, rail, access to highways and to the company’s Wooster facility, which specializes in the manufacturing of transmission systems and serves as an innovation hub for automotive electric mobility.

Hurco Reports First Quarter Results for Fiscal Year 2024

Retrieved on: 
Friday, March 8, 2024

Orders in the Americas for the first quarter of fiscal year 2024 increased by 6%, compared to the corresponding period in fiscal year 2023, primarily due to increased customer demand for Hurco and Milltronics machines, particularly higher-performance VMX machines.

Key Points: 
  • Orders in the Americas for the first quarter of fiscal year 2024 increased by 6%, compared to the corresponding period in fiscal year 2023, primarily due to increased customer demand for Hurco and Milltronics machines, particularly higher-performance VMX machines.
  • Gross profit for the first quarter of fiscal year 2024 was $9,695,000, or 22% of sales, compared to $12,718,000, or 23% of sales, for the corresponding prior year period.
  • Selling, general, and administrative expenses as a percentage of sales increased in the first quarter of fiscal year 2024 compared to the first quarter of fiscal year 2023 due to the lower volume of sales year-over-year.
  • The effective tax rate for the first quarter of fiscal year 2024 was 27%, compared to 31% in the corresponding prior year period.

CPS Technologies Announces MMAP Award

Retrieved on: 
Monday, March 4, 2024

NORTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced it has received an award from the Massachusetts Manufacturing Accelerate Program (“MMAP”) in response to a proposal submitted by the Company in the fourth quarter of 2023.

Key Points: 
  • NORTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced it has received an award from the Massachusetts Manufacturing Accelerate Program (“MMAP”) in response to a proposal submitted by the Company in the fourth quarter of 2023.
  • The award, valued at $200,000, will support the purchase of a 5-axis CNC machine and expand the Company’s manufacturing capabilities to better serve its clients.
  • This new capability will build on the Company’s core competencies while enabling CPS to fulfill a new generation of customer requirements and capture additional business.
  • We are proud to receive this award from MMAP and look forward to passing on the benefits that a 5-axis CNC provides through expanded offerings to our customers.”

Xometry Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024

NORTH BETHESDA, Md., Feb. 29, 2024 (GLOBE NEWSWIRE) --  Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today reported financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • NORTH BETHESDA, Md., Feb. 29, 2024 (GLOBE NEWSWIRE) --  Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today reported financial results for the fourth quarter and full year ended December 31, 2023.
  • “In Q4 2023, we delivered record financial results including our highest revenue and gross profit in Xometry history,“ said Randy Altschuler, Xometry’s CEO.
  • Marketplace revenue for the fourth quarter of 2023 was $112 million, an increase of 42% year-over-year.
  • Total gross profit for the fourth quarter 2023 was $49.1 million, an increase of 39% year-over-year.

Shapeways Announces Expansion into Global CNC Market

Retrieved on: 
Wednesday, February 21, 2024

NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Shapeways Holdings, Inc. (NASDAQ: SHPW), a global leader in the digital manufacturing industry, announced today its further expansion into the USD $67.5B global CNC market, with the launch of its new CNC Instant Quote feature.

Key Points: 
  • NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Shapeways Holdings, Inc. (NASDAQ: SHPW), a global leader in the digital manufacturing industry, announced today its further expansion into the USD $67.5B global CNC market, with the launch of its new CNC Instant Quote feature.
  • This online quoting portal will provide seamless access for CNC customers and enhance Shapeways’ robust suite of enterprise manufacturing solutions.
  • “CNC machining is a natural extension of our manufacturing capabilities,” said Aidan O’Sullivan, General Manager of Enterprise Manufacturing Solutions at Shapeways.
  • According to MarketsandMarkets , the global CNC market is projected to reach USD $80.4 billion by 2028, at a steady 3.5% CAGR.

FANUC America Demonstrates New PLC/CNC Motion Controller at MODEX 2024

Retrieved on: 
Friday, March 8, 2024

Global automation leader FANUC America Corporation will unveil its latest combined PLC/CNC motion controller Power Motion i-MODEL A Plus (PMi-A Plus) at MODEX 2024 in Atlanta, Ga., booth B-4026.

Key Points: 
  • Global automation leader FANUC America Corporation will unveil its latest combined PLC/CNC motion controller Power Motion i-MODEL A Plus (PMi-A Plus) at MODEX 2024 in Atlanta, Ga., booth B-4026.
  • View the full release here: https://www.businesswire.com/news/home/20240308776463/en/
    FANUC’s Power Motion i-Model A Plus (PMi-A Plus) controls complex motion applications powered by FANUC’s reliable and high-performing CNC and servo technology.
  • Up to four FANUC cobots or robots can be connected to one FANUC CNC through the platform, which can enable true lights-out production.
  • Because the PMi-A Plus is acting as the automated cell’s controller, no additional programmable logic controller is needed.