Computer-aided

Sandvik completes the acquisition of CAM reseller Cimquest

Retrieved on: 
Monday, March 4, 2024

STOCKHOLM, March 4, 2024 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of Cimquest, a US based reseller of Computer Aided Manufacturing (CAM) solutions and one of the largest resellers in the Mastercam network.

Key Points: 
  • STOCKHOLM, March 4, 2024 /PRNewswire/ -- Sandvik has completed the previously announced acquisition of Cimquest, a US based reseller of Computer Aided Manufacturing (CAM) solutions and one of the largest resellers in the Mastercam network.
  • Cimquest will be a part of business unit Mastercam and will be reported within business area Sandvik Manufacturing and Machining Solutions.
  • Cimquest, founded in 1990, is headquartered in Branchburg, New Jersey, and has 55 employees.
  • *A limited part of Cimquest revenues in 2023 were to Sandvik-owned Mastercam and will not impact Group total external revenues.

Sandvik to acquire CAM reseller Cimquest

Retrieved on: 
Monday, February 26, 2024

STOCKHOLM, Feb. 26, 2024 /PRNewswire/ -- Sandvik has signed an agreement to acquire Cimquest, a US based reseller of Computer Aided Manufacturing (CAM) solutions and one of the largest resellers in the Mastercam network.

Key Points: 
  • STOCKHOLM, Feb. 26, 2024 /PRNewswire/ -- Sandvik has signed an agreement to acquire Cimquest, a US based reseller of Computer Aided Manufacturing (CAM) solutions and one of the largest resellers in the Mastercam network.
  • With the acquisition, Sandvik strengthens its position in the CAM market and further builds on its capabilities to serve customers and expand the customer base.
  • Cimquest will be a part of business unit Mastercam and will be reported within business area Sandvik Manufacturing and Machining Solutions.
  • Cimquest has since 1990 been a reseller of Mastercam, a global leading provider of CAD/CAM software solutions for manufacturing industries, owned by Sandvik.

Samsung Introduces Lunit AI Solutions for Enhanced Chest Screenings

Retrieved on: 
Thursday, January 25, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240125366766/en/
    GM85 and GC85A Vision digital radiology devices will now be equipped with AI-powered software for chest screenings (Photo: Business Wire)
    The Lunit INSIGHT CXR, an AI-powered chest X-ray analysis solution, and Lunit Insight CXR Triage, an FDA 510(k)-cleared AI triage solution for critical chest findings, will enable Samsung’s CAD (Computer Aided Detection) AI to help radiologists manage the unprecedented volume of patient exams by prioritizing those with suspected abnormalities.
  • By partnering with Lunit, our Samsung digital radiology products will now have computer-assisted triage and notification software that analyzes adult chest X-ray images for the presence of suspected pleural effusion or pneumothorax.
  • “With innovation as its cornerstone, Samsung continues to drive solutions to provide excellent patient experiences, simplify technologist workflows and aid in faster diagnosis.
  • Samsung will offer the upgraded systems to North America and European markets and to the Middle East, South America and Southeast Asia.

InvestmentPitch Media Video Discusses Nextech3D.ai and Its Grant of a Patent by United States Patent and Trademark Office for 3D Model Generation from Computer Aided Design (CAD) Data

Retrieved on: 
Thursday, December 14, 2023

Vancouver, British Columbia--(Newsfile Corp. - December 14, 2023) - Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative AI-Powered 3D model supplier to major e-commerce retailers, has been granted a patent by United States Patent and Trademark Office for3D model generation from Computer Aided Design (CAD) data.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - December 14, 2023) - Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative AI-Powered 3D model supplier to major e-commerce retailers, has been granted a patent by United States Patent and Trademark Office for3D model generation from Computer Aided Design (CAD) data.
  • For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company, along with video comments by Evan Gappelberg, CEO.
  • If you are unable to view this video, please watch it on InvestmentPitch Media's YouTube Channel at this link: ( click here ).
  • The company's primary focus lies in creating high-quality 3D WebAR photorealistic models for clients such as Amazon, P & G, and Kohls.

Nextech3D.ai Granted First in a Series of AI Patents for Generating 3D Models from Computer Aided Design (CAD) Data

Retrieved on: 
Wednesday, December 13, 2023

In 2023, we are witnessing a paradigm shift in technology with AI, AR and 3D model creation becoming the next generation of foundational technology that shapes our future."

Key Points: 
  • In 2023, we are witnessing a paradigm shift in technology with AI, AR and 3D model creation becoming the next generation of foundational technology that shapes our future."
  • This patent enables Nextech3D.ai to increasingly capture a larger share of the rapidly growing 3D model creation business.
  • This patent approval recognizes Nextech3D.ai's technology capabilities as the Company is leading towards the future with AI technologies and innovation.
  • Receiving this patent reinforces Nextech3D.ai's commitment to advancing 3D technology through innovation and AI-powered solutions.

New, Modernized 1967 Shelby GT500 Launched in Celebration of Carroll Shelby Centennial

Retrieved on: 
Tuesday, December 19, 2023

An exciting new 1967 Shelby GT500 model built by Hi-Tech Automotive has been announced in honor of the Carroll Shelby Centennial.

Key Points: 
  • An exciting new 1967 Shelby GT500 model built by Hi-Tech Automotive has been announced in honor of the Carroll Shelby Centennial.
  • Licensed by Carroll Shelby Licensing, this modernized reproduction of the iconic 1967 GT500 features an all-new factory assembled steel body modernized suspension, contemporary drivetrain and more.
  • Integral to the project, Hi-Tech Legends worked closely with M. Neil Cummings, Esq., CEO of Carroll Shelby Licensing, Inc. on a licensing agreement to allow the company to bring this 1967 Shelby GT500 to market.
  • It’s fitting that as we wind down the Carroll Shelby Centennial, this modernized reproduction of one of Carroll’s most iconic cars cranks up production.”
    Each Hi-Tech Legends 1967 Shelby GT500 rolling chassis is offered complete less engine and transmission.

Iterative Health Presents Award-Winning Research on the Benefits of Gastroenterological Technology at the American College of Gastroenterology Annual Scientific Meeting

Retrieved on: 
Monday, October 23, 2023

Iterative Health , a pioneer in precision-medicine technologies for gastroenterology, announced today the results of new research unveiled at the American College of Gastroenterology (ACG) Annual Scientific Meeting.

Key Points: 
  • Iterative Health , a pioneer in precision-medicine technologies for gastroenterology, announced today the results of new research unveiled at the American College of Gastroenterology (ACG) Annual Scientific Meeting.
  • This research represents strides toward enhancing the detection of precursor adenomas and streamlining clinical trial recruitment processes in gastroenterology, ultimately bringing us closer to a future of advancing patient care in the field.
  • The publications include:
    Authors: William Holderman, MD; Parth Jain; Mitchell Reddan, MS; Haig Soghigian, MBA; Christopher Fourment, MD.
  • To learn more about Iterative Health, please visit iterative.health .

Global Computer Aided Engineering (CAE) Market Report 2023: Market to Reach $12.9 Billion by 2030 from $5.8 Billion in 2022 - Outsourcing of Manufacturing Processes to Emerging Economies Fuels Demand

Retrieved on: 
Tuesday, June 20, 2023

DUBLIN, June 20, 2023 /PRNewswire/ -- The "Computer Aided Engineering (CAE): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, June 20, 2023 /PRNewswire/ -- The "Computer Aided Engineering (CAE): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • The global market for Computer Aided Engineering (CAE) estimated at US$5.8 Billion in the year 2022, is projected to reach a revised size of US$12.9 Billion by 2030, growing at a CAGR of 10.4% over the analysis period 2022-2030.
  • Finite Element Analysis (FEA), one of the segments analyzed in the report, is projected to record a 10.8% CAGR and reach US$7.6 Billion by the end of the analysis period.
  • The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 12.8% CAGR
    The Computer Aided Engineering (CAE) market in the U.S. is estimated at US$1.8 Billion in the year 2022.

PGA WEST® TO CONTINUE NEXT PHASE OF COURSE RESTORATION MASTER PLAN THIS SUMMER

Retrieved on: 
Wednesday, May 17, 2023

LA QUINTA, Calif., May 17, 2023 /PRNewswire/ -- PGA WEST®, the Western Home of Golf in America™, has announced the next phase of its sweeping, multi-year renovation will take place this summer. Both the Pete Dye Mountain Course and Pete Dye Dunes Course will close for the summer for an extensive greens restoration project. Work commenced on May 1 and is expected to be completed by Fall 2023.

Key Points: 
  • Both the Pete Dye Mountain Course and Pete Dye Dunes Course will close for the summer for an extensive greens restoration project.
  • "We are fully invested in restoring the courses and bringing the imagination and vision of PGA WEST's famous architects back to life."
  • Tim Liddy, ASGCA Fellow, is overseeing the restoration of the Pete Dye-designed Mountain and Dunes Courses, in addition to the Pete Dye Stadium Course, which underwent Phase 1 improvements last Fall.
  • PGA WEST® recently made extensive renovations to the Arnold Palmer Private Course, Greg Norman Course and Nicklaus Tournament Course.

Asahi Kasei invests in Israeli startup Castor Technologies

Retrieved on: 
Tuesday, May 16, 2023

Asahi Kasei (TOKYO:3407) has decided to invest in Castor Technologies Ltd. (CASTOR), an Israeli startup specialized in the development of 3D printing software.

Key Points: 
  • Asahi Kasei (TOKYO:3407) has decided to invest in Castor Technologies Ltd. (CASTOR), an Israeli startup specialized in the development of 3D printing software.
  • In addition to utilizing CASTOR’s software and services, the investment will allow Asahi Kasei to pursue synergies between its CAE (Computer Aided Engineering) technical service for plastic products and CASTOR’s software.
  • Asahi Kasei has been providing comprehensive, high precision support for its customers’ product design and development through CAE technical service focused on engineering plastics.
  • Applying CASTOR’s software and service prior to Asahi Kasei’s plastic CAE technical service will contribute to automate more advanced simulations.