Abbs

AiM Medical Robotics Appoints Dr. Gregory Cole as Chief Technology Officer

Retrieved on: 
Thursday, February 17, 2022
University, Ministry of Education (Malaysia), CTO, Hans Moravec, CEO, Blue Lab, Engineering, MRI, GE Healthcare, ACD, The Co Founder, IP, WPI, Neurosurgery, Ai Maeda (voice actress), Cole, Abbs, LinkedIn, Robotics, Biotechnology, View, MTC, University of Massachusetts Medical School, Research, Multimedia, MITRE, National Robotics Engineering Center, ABB, Medical device

FORT LAUDERDALE, Fla., Feb. 17, 2022 /PRNewswire/ -- AiM Medical Robotics, a leading developer of MRI-compatible intraoperative robotics for neurosurgery, today announced that Gregory Cole, Ph.D., has been appointed as its first Chief Technology Officer (CTO).

Key Points: 
  • FORT LAUDERDALE, Fla., Feb. 17, 2022 /PRNewswire/ -- AiM Medical Robotics, a leading developer of MRI-compatible intraoperative robotics for neurosurgery, today announced that Gregory Cole, Ph.D., has been appointed as its first Chief Technology Officer (CTO).
  • He will report directly to the Chief Executive Officer (CEO) of AiM, Bob Cathcart, and will build and lead the teams of engineers and researchers that will develop and launch the company's core MRI-compatible robotics platform.
  • As a graduate student, Dr. Cole collaborated with Dr. Gregory Fischer on research in interventional robotics and co-founded Medical Motion Corporation to enable the development of robotic surgical technologies by other universities.
  • AiM Medical Robotics is a privately held biotechnology company currently focused on the development of MRI-compatible advanced robotics that are precision-focused, portable, and can be used with any diagnostic MRI scanner.

Robotics Award 2021 Goes to ABB´s PixelPaint Car Painting

Retrieved on: 
Wednesday, June 9, 2021
Chemicals, Plastics, Automotive, Other Automotive, Automotive Manufacturing, Technology, Manufacturing, Hardware, Companies, Engineering, Electric vehicle industry, Manufacturing, Robotics, Robot, iERA, Automation, Self-driving car, Abbs

The 2021 Award for Innovation and Entrepreneurship in Robotics & Automation (IERA) goes to PixelPaint technology of ABB.

Key Points: 
  • The 2021 Award for Innovation and Entrepreneurship in Robotics & Automation (IERA) goes to PixelPaint technology of ABB.
  • Two high-precision robots make car painting faster, more sustainable and flexible helping manufacturers to efficiently respond to individual demands.
  • The jury is pleased to honor ABBs PixelPaint technology, with the 17th IERA Award, says Jury Chair Rob Ambrose.
  • The innovative solution for automated car painting combines more flexibility and customization with reduced wasted paint for the well-being of the environment.

ABB Plans to Launch New Share Buyback Following Completion of Initial Program

Retrieved on: 
Thursday, March 25, 2021
Engineering, Data management, Technology, Manufacturing, Audio, Video, Software, Companies, Buyback, Share repurchase, Financial markets, Abbs, Manufacturing

Through the initial buyback program, ABB repurchased a total of 128,620,589 shares equivalent to 5.93 percent of its issued share capital at launch of the buyback program for a total amount of approximately $3.5 billion over the past 8 months.

Key Points: 
  • Through the initial buyback program, ABB repurchased a total of 128,620,589 shares equivalent to 5.93 percent of its issued share capital at launch of the buyback program for a total amount of approximately $3.5 billion over the past 8 months.
  • At todays Annual General Meeting (AGM), as separately announced, ABB shareholders approved the cancellation of 115 million shares purchased under the initial share buyback program.
  • Consistent with ABBs capital structure optimization program, ABBs Board of Directors today approved a further share buyback program of up to $4.3 billion.
  • www.abb.com
    This press release includes forward-looking information and statements concerning the share buyback program.

Notice of ABB’s Annual General Meeting on March 25, 2021

Retrieved on: 
Friday, February 26, 2021
Software, Technology, Other Technology, Companies, Meetings, Shareholders, Abbs, ABB Group, AGM, Annual general meeting, Manufacturing, Secondary sector of the economy

ABB today published the invitation to its Annual General Meeting (AGM), which will be held on Thursday, March 25, 2021.

Key Points: 
  • ABB today published the invitation to its Annual General Meeting (AGM), which will be held on Thursday, March 25, 2021.
  • The invitation can be found above and on ABBs investor relations website at www.abb.com/agm .
  • Two video presentations with the Chairman and the CEO will be published on www.abb.com/agm on the day of the AGM.
  • With a history of excellence stretching back more than 130 years, ABBs success is driven by about 105,000 talented employees in over 100 countries.

ABB to Launch Share Buyback Program

Retrieved on: 
Wednesday, July 22, 2020
Electronic design automation, Engineering, Technology, Manufacturing, Other Technology, Software, Hardware, Companies, Industries, Business, Stock market, ABB Group, Electric vehicle industry, Share repurchase, Buyback, Hitachi, General Electric, Abbs

Following the completion of the divestment of its Power Grids business to Hitachi on July 1, 2020, and consistent with its overall capital structure optimization program, ABB will launch its previously announced share buyback program on July 23, 2020.

Key Points: 
  • Following the completion of the divestment of its Power Grids business to Hitachi on July 1, 2020, and consistent with its overall capital structure optimization program, ABB will launch its previously announced share buyback program on July 23, 2020.
  • As part of its plan to return to shareholders net cash proceeds of $7.67.8 billion from the sale of Power Grids ABB initially intends to buy 10 percent1 of its issued share capital through this share buyback program.
  • The corresponding maximum buyback amount of CHF 4.2 billion for this program is based on ABBs share price on July 21, 2020.
  • The share buyback program will be lead-managed by a bank mandated by ABB that will make its trading decisions concerning the timing of share repurchases independently of ABB, within pre-agreed parameters.

ABB completes divestment of Power Grids to Hitachi

Retrieved on: 
Wednesday, July 1, 2020
Electronic design automation, Engineering, Technology, Manufacturing, Other Technology, Software, Hardware, Companies, Industries, Economic sectors, ABB Group, Electric vehicle industry, Hitachi, Abbs

Since announcing our intention to divest Power Grids to Hitachi, ABB has made significant progress in becoming a more customer-focused and simplified organization.

Key Points: 
  • Since announcing our intention to divest Power Grids to Hitachi, ABB has made significant progress in becoming a more customer-focused and simplified organization.
  • Consistent with ABBs capital structure optimization program, ABB plans to return to shareholders net cash proceeds of $7.67.8 billion from the sale of Power Grids.
  • ABB is a long-term partner of Hitachi and will initially retain a 19.9 percent equity stake in the joint venture that will operate as Hitachi ABB Power Grids and be headquartered in Switzerland.
  • Hitachi ABB Power Grids will be led by Claudio Facchin as CEO.

ABB: COVID-19 Update

Retrieved on: 
Monday, March 30, 2020
Electronic design automation, Engineering, Health, Infectious diseases, Technology, Manufacturing, Software, Companies, Countries, Economy, Pricing, Abbs, Price of oil, China, ABB Group, Companies, Countries, Economy, Pricing, Abbs, Price of oil, China, ABB Group

We have subsequently experienced a decline in trading conditions due to the outbreak, further impacted by a weakening oil price.

Key Points: 
  • We have subsequently experienced a decline in trading conditions due to the outbreak, further impacted by a weakening oil price.
  • While weakened customer demand in China, our second largest market, will also impact the first quarter results, our China business has been improving recently.
  • Operational EBITA margins are also expected to decline in all ABBs businesses, burdened by lower volumes, partly offset by self-help efforts.
  • Given continued uncertainty, including the recent oil price decline, ABB is no longer providing financial guidance for full year 2020.

ABB Completes Divestment of Solar Inverter Business To FIMER SpA

Retrieved on: 
Monday, March 2, 2020
Software, Networks, Environment, Hardware, Alternative energy, Electronic design automation, Energy, Technology, Inverters, Photovoltaics, Electrical engineering, Companies, Electromagnetism, ABB Group, Electric vehicle industry, Abbs, Power inverter, Solar inverter, Automation

ABB has completed its divestment of its solar inverter business to the Italian company FIMER SpA.

Key Points: 
  • ABB has completed its divestment of its solar inverter business to the Italian company FIMER SpA.
  • The transaction enables ABBs Electrification business to improve the focus of its business portfolio on priority growth markets and enhance business opportunities for the solar inverter business under FIMER.
  • ABBs solar inverter business employs around 800 people in more than 30 countries, with manufacturing and R&D sites located in Italy, India and Finland.
  • It includes the solar inverter business from Power-One acquired by ABBs Discrete Automation and Motion division in 2013.

Notice of ABB’s Annual General Meeting on March 26, 2020

Retrieved on: 
Friday, February 28, 2020
Data management, Automotive Manufacturing, Technology, Manufacturing, Software, Networks, Hardware, Companies, ABB Group, Electric vehicle industry, Abbs, Hitachi, Investor AB

ABB today published the invitation to its Annual General Meeting (AGM), which will be held on Thursday, March 26, 2020.

Key Points: 
  • ABB today published the invitation to its Annual General Meeting (AGM), which will be held on Thursday, March 26, 2020.
  • The invitation can be found on ABBs investor relations website at www.abb.com/agm .
  • ABB (ABBN: SIX Swiss Ex) is a technology leader that is driving the digital transformation of industries.
  • ABBs Power Grids business will be divested to Hitachi in 2020.

ABB Electrification invested more than $120 million for its US business in 2019

Retrieved on: 
Thursday, December 5, 2019
Companies, ABB Group, Electric vehicle industry, Electrical engineering, Abbs

Atlanta, GA, Dec. 05, 2019 (GLOBE NEWSWIRE) -- ABBs Electrification business continues to direct resources in the United States market following the acquisition of General Electrics Industrial Solution business.

Key Points: 
  • Atlanta, GA, Dec. 05, 2019 (GLOBE NEWSWIRE) -- ABBs Electrification business continues to direct resources in the United States market following the acquisition of General Electrics Industrial Solution business.
  • In Senatobia, MS, ABB is investing $36M to grow the facility to 200,000 square feet and add close to 200 new positions by 2021.
  • The United States is a unique market and a remarkable opportunity for the future of electrification, said Maryrose Sylvester, ABB Head of U.S. Electrification Business and U.S. Country Managing Director.
  • ABB's Electrification business has always been at the forefront of innovative electrification and today is writing the future of safe, smart and sustainable electrification.