CNC

Motion Control Market size to increase by USD 5.20 billion during 2022-2027, Integration of motion control systems with digital drives to drive the growth - Technavio

Retrieved on: 
Thursday, January 18, 2024

NEW YORK, Jan. 18, 2024 /PRNewswire/ -- The motion control market size is expected to grow by USD 5.20 billion between 2022 and 2027.

Key Points: 
  • NEW YORK, Jan. 18, 2024 /PRNewswire/ -- The motion control market size is expected to grow by USD 5.20 billion between 2022 and 2027.
  • The integration of motion control systems with digital drives boosts market growth.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • Machine Vision Systems, Positioning Systems, Acceleration, and Deceleration Control, Motion Amplifiers, and Torque Control Systems contribute to comprehensive motion solutions.

Bantam Tools Acquires Evil Mad Scientist to Accelerate Development of Next Generation Art and Handwriting Machines

Retrieved on: 
Wednesday, January 17, 2024

PEEKSKILL, N.Y., Jan. 17, 2024 /PRNewswire-PRWeb/ -- Bantam Tools, the desktop CNC manufacturer that builds exceptional computer controlled machines for innovators, is excited to announce the acquisition of Evil Mad Scientist, the designer and manufacturer of popular computer-controlled drawing and handwriting machines that provide versatile solutions to artists and educators. Dr. Windell Oskay and Lenore Edman, co-founders of Sunnyvale, California, based Evil Mad Scientist, will move to Peekskill, New York, headquarters of Bantam Tools, as CTO and COO overseeing technical development and operations.

Key Points: 
  • Bantam Tools, the desktop CNC manufacturer, acquires Evil Mad Scientist, the designer and manufacturer of popular computer-controlled drawing and handwriting machines.
  • "We are excited to announce the acquisition of Evil Mad Scientist and its amazing art machines," said Bre Pettis, CEO of Bantam Tools.
  • As developers of popular drawing and handwriting machines, the acquisition of Evil Mad Scientist will expand offerings at Bantam Tools to include art machines, in addition to the high-precision Bantam Tools Desktop CNC Milling Machines.
  • The next generation of Bantam Tools art machines that Dr. Windell Oskay and Lenore Edman are helping to develop will be marketed under the Bantam Tools NextDraw™ brand.

Xaba Closes $2 Million Seed Extension to Deliver Intelligent, Self-programming Robotic Systems for Manufacturing

Retrieved on: 
Tuesday, January 9, 2024

The funding round was led by BDC Capital’s Deep Tech Venture Fund with participation from Hitachi Ventures and existing investor Hazelview Ventures .

Key Points: 
  • The funding round was led by BDC Capital’s Deep Tech Venture Fund with participation from Hitachi Ventures and existing investor Hazelview Ventures .
  • The investment will be used to establish and staff a new robotics lab and accelerate the delivery of two Xaba manufacturing platforms.
  • Xaba is augmenting industrial robots and cobots with xCognition, an artificial intelligence (AI)-powered software solution.
  • xCognition leverages innovative proprietary machine learning algorithms to model the elasto-mechanical-dynamic behavior of industrial robotics and cobots, as well as workpiece variances.

Italian Industrial Automation Market Analysis and Forecast to 2028 - A $13.46 Billion Market by 2028, Influenced by AI and IIoT Trends

Retrieved on: 
Friday, January 12, 2024

The demand for industrial robots in the Italian industrial automation market is escalating as industries seek to automate repetitive and labor-intensive tasks.

Key Points: 
  • The demand for industrial robots in the Italian industrial automation market is escalating as industries seek to automate repetitive and labor-intensive tasks.
  • The growth of OEMs in the Italian industrial automation market is driven by their integral role in providing end-to-end automation solutions.
  • The increase in the annual installation of industrial robots significantly contributes to the growth of the industrial automation market.
  • The impact of the Industrial Internet of Things (IIoT) on the growth of the industrial automation market is profound.

Canada Nickel Receives Equity Investment from Samsung SDI

Retrieved on: 
Friday, January 12, 2024

Samsung SDI to invest US$18.5 million and acquire approximately 15.6 million shares of Canada Nickel, becomes an 8.7% shareholder

Key Points: 
  • Samsung SDI to invest US$18.5 million and acquire approximately 15.6 million shares of Canada Nickel, becomes an 8.7% shareholder
    TORONTO, Jan. 12, 2024 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce that the Company has entered today into a Subscription Agreement with Samsung SDI Co., Ltd. ("Samsung SDI") to make a US$18.5 million investment in Canada Nickel at a price of C$1.57 per Common Share.
  • Upon closing of the private placement contemplated in the Subscription Agreement, Samsung SDI will own approximately 15.6 million shares of the common shares of Canada Nickel, representing approximately 8.7% of the Company's issued and outstanding shares on a non-diluted basis.
  • "We are very pleased to welcome Samsung SDI as an investor and project partner with Canada Nickel," said Mark Selby, CEO of Canada Nickel.
  • "We are pleased to partner with Canada Nickel through this opportunity," said Ikhyeon Kim, Executive Vice President of Samsung SDI.

CADDi Partners with Hilltop Technology Laboratory, Inc. to Solve Industry Challenges with CADDi Drawer Implementation

Retrieved on: 
Tuesday, January 9, 2024

CHICAGO, Jan. 9, 2024 /PRNewswire/ -- CADDi Inc., a global procurement solutions provider for the manufacturing industry, announced a strategic partnership with HILLTOP TECHNOLOGY LABORATORY INC, a manufacturing service provider specializes in rapid, precision prototyping using advanced CNC machining technology. This partnership marks a significant milestone as HILLTOP TECHNOLOGY adopts CADDi Drawer, an AI-enabled drawing management system designed to revolutionize efficiency and productivity.

Key Points: 
  • This partnership marks a significant milestone as HILLTOP TECHNOLOGY adopts CADDi Drawer, an AI-enabled drawing management system designed to revolutionize efficiency and productivity.
  • Recognizing these challenges as common roadblocks in the manufacturing sector, CADDi stepped in to implement CADDi Drawer.
  • CADDi Drawer was designed to address these challenges head-on," said Yushiro Kato, co-founder and CEO of CADDi.
  • With a strategic decision to partner with CADDi and integrate CADDi Drawer into its operations, HILLTOP TECHNOLOGY LABORATORY aims to streamline its quoting processes and optimize drawing data management.

Flash Motors Launch Most Durable Hyper Scooter to Date at CES 2024 - Set to Redefine Electric Mobility

Retrieved on: 
Thursday, January 4, 2024

LAS VEGAS, Jan. 4, 2024 /PRNewswire/ -- At CES 2024, Flash Motors is set to introduce a completely revolutionary way to ride – the Infinity X Hyper Scooter. More than just a mode of transportation, the Infinity X boasts an AI proprietary technology that learns your unique riding style, optimizing the engine, battery, brakes, and more for personalized performance. Real-time telematics provides a dynamic performance map according to the type of ride, race, terrain, or track. Continuous connectivity allows the Infinity X to transmit live performance data to a central control center, enabling real-time adjustments for an unrivaled on-the-go experience.

Key Points: 
  • Flash Motors Corporation (Flm), a pioneer in electric transportation, is setting the industry standard with its highly anticipated debut at CES 2024 - elevating rides with cutting-edge controllers and a state-of-the-art Infinity X Hyper Scooter
    LAS VEGAS, Jan. 4, 2024 /PRNewswire/ -- At CES 2024, Flash Motors is set to introduce a completely revolutionary way to ride – the Infinity X Hyper Scooter.
  • Real-time telematics provides a dynamic performance map according to the type of ride, race, terrain, or track.
  • Customers can customize their ride through Flash Motor's intuitive website , where they can upgrade various elements of the scooter to suit their preferences.
  • Flash Motors will be showcasing its new scooter at CES 2024, to be held in Las Vegas on January 9-12 at the Las Vegas Convention Center, Venetian Expo, Level 2- Bellini 2006.

Dell's New XPS Lineup: Futuristic Design, with Built-in AI

Retrieved on: 
Thursday, January 4, 2024

ROUND ROCK, Texas, Jan. 4, 2024 /PRNewswire/ -- With our XPS portfolio, we have a long history of taking risks, being inquisitive and asking big design questions. At CES 2022, we showcased our vision of the future with XPS 13 Plus—an elegant and modern device, designed with simplicity at the core. The design turned heads and continues to do so today, with headlines calling it elegant, stylish, stunning, beautiful and our personal favorite—referring to the design as "the future is here." 

Key Points: 
  • Now, we are unifying the design across our XPS portfolio, introducing new screen sizes with the XPS 16 and XPS 14 and revamping the XPS 13 Plus to XPS 13.
  • The new XPS 16 and XPS 14 bring more portability to our XPS laptops and place the focus on performance and design.
  • The XPS 14 is 21% lighter than the XPS 162 but still delivers powerful performance to complete challenging tasks with ease.
  • AI and generative AI (GenAI) are driving the latest wave of innovation and unlocking new possibilities on the PC.

HighRES Inc standardizes reverse engineering software tools ReverseEngineering.com®, ensuring compatibility across 10 top 3D CAD/CAM/CAE software providers

Retrieved on: 
Wednesday, January 3, 2024

ReverseEngineering.com, a trailblazer in cutting-edge reverse engineering software solutions, proudly solidifies its legacy of excellence dating back to 1995.

Key Points: 
  • ReverseEngineering.com, a trailblazer in cutting-edge reverse engineering software solutions, proudly solidifies its legacy of excellence dating back to 1995.
  • His involvement led to the development of revolutionary Reverse Engineering software, connecting Coordinate Measuring Machines (CMMs) to 3D CAD systems.
  • In 1995, Christian Moore joined forces with Braxton Carter, founding HighRES Inc. as a specialty technology company focused on reverse engineering 3D CAD.
  • This expansive compatibility empowers engineers, designers, and manufacturers to optimize tools within their preferred software environments, facilitating a streamlined reverse engineering process and fostering innovation.

Western Sky Community Care and Pacify Partner to Provide Scholarships for New Mexicans Pursuing Careers in Maternal Healthcare

Retrieved on: 
Wednesday, January 3, 2024

ALBUQUERQUE, N.M., Jan. 3, 2024 /PRNewswire/ -- Western Sky Community Care, a New Mexico Managed Care Organization (MCO) and wholly owned subsidiary of Centene Corporation (NYSE: CNC), is partnering with Pacify, a health technology company that provides 24/7 perinatal and infant feeding support to new and expecting parents, to increase access to certified doulas and lactation professionals in the state of New Mexico. To support this goal, the two organizations offer scholarships to New Mexico residents interested in becoming doulas, lactation counselors, or board-certified lactation consultants. Interested candidates can apply from December 1, 2023, through March 31, 2024. The review of scholarship applications will begin in April 2024.

Key Points: 
  • To support this goal, the two organizations offer scholarships to New Mexico residents interested in becoming doulas, lactation counselors, or board-certified lactation consultants.
  • "Western Sky Community Care is excited to offer financial assistance to help fellow New Mexicans advance their careers.
  • "We are proud to partner with Western Sky in addressing the inequities faced by New Mexicans in accessing certified doulas and lactation professionals across the state of New Mexico."
  • In this program Pacify's experienced lactation consultants assume a mentorship role, offering guidance to scholarship recipients for up to a year.