CAM

CloudNC Taps HTEC to Expand Global Engineering Capacity in Hyper-Competitive Talent Market

Retrieved on: 
Wednesday, February 28, 2024

CloudNC, a UK-based manufacturing technology company, has expanded its software engineering capacity, thanks to a new partnership with HTEC , a global end-to-end digital product development and engineering services company.

Key Points: 
  • CloudNC, a UK-based manufacturing technology company, has expanded its software engineering capacity, thanks to a new partnership with HTEC , a global end-to-end digital product development and engineering services company.
  • View the full release here: https://www.businesswire.com/news/home/20240228354532/en/
    CloudNC, a UK-based manufacturing technology company, has expanded its software engineering capacity, thanks to a new partnership with HTEC, a global end-to-end digital product development and engineering services company.
  • Partnering with HTEC gives us greater flexibility, enabling us to quickly scale-up and avoid many common talent acquisition challenges, helping us get our solutions to market faster.”
    Darko Todorovic, Vice President of Engineering & Delivery at HTEC, said: “There is a huge similarity between HTEC and CloudNC: Solving super complex problems and bringing groundbreaking solutions to market is in the DNA of both companies.
  • HTEC’s proven track record of high-quality service, combined with our footprint of global centers of engineering expertise, means we are well-placed to help CloudNC to quickly scale-up its teams.

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.

SQM LITHIUM VENTURES COMPLETES ALTILIUM'S USD 12M SERIES A FUNDING THROUGH FOLLOW-ON INVESTMENT

Retrieved on: 
Wednesday, February 21, 2024

PLYMOUTH, England , Feb. 21, 2024 /PRNewswire/ -- SQM Lithium Ventures is proud to announce its follow-on investment of USD 9.43 million in Altilium, a UK-based clean technology group focused on supporting the energy transition to net zero, bringing its total investment to USD 12 million.

Key Points: 
  • PLYMOUTH, England , Feb. 21, 2024 /PRNewswire/ -- SQM Lithium Ventures is proud to announce its follow-on investment of USD 9.43 million in Altilium, a UK-based clean technology group focused on supporting the energy transition to net zero, bringing its total investment to USD 12 million.
  • The investment completes Altilium's Series A funding round and marks the largest investment to date for SQM Lithium Ventures, the corporate venture arm of the lithium business of Sociedad Quimica y Minera de Chile (SQM), one of the world's leading producers of battery-grade lithium.
  • SQM Lithium Ventures made an initial investment of USD 2.57 million in Altilium last year.
  • In addition to providing capital investment, SQM Lithium Ventures also brings considerable experience in large-scale project delivery and a commitment to innovation and sustainability.

Ascend Elements Raises Additional $162 Million to Build Sustainable Lithium-Ion Battery Materials in United States

Retrieved on: 
Tuesday, February 20, 2024

WESTBOROUGH, Mass., Feb. 20, 2024 /PRNewswire/ -- In a follow up to one of last year's largest cleantech private equity placements, Ascend Elements today announced it has raised $162 million in new equity investments. Major investors include Just Climate, Clearvision Ventures, and IRONGREY. The new equity financing brings the company's 12-month funding total to $704 million, including the $542 million funding round led by Decarbonization Partners, Temasek and Qatar Investment Authority in September 2023.

Key Points: 
  • "I'd like to thank our new and existing partners for investing in North America's critical EV battery infrastructure," said CEO Mike O'Kronley of Ascend Elements.
  • By recycling lithium-ion batteries and making new, engineered battery materials with lower carbon emissions, Ascend Elements is accelerating the global transition to zero carbon emissions."
  • "Ascend Elements' Hydro-to-Cathode® technology provides a sustainable option for production of critical battery materials, championing circularity in an industry that is poised to scale significantly.
  • Several peer-reviewed studies have shown Ascend Elements' recycled battery materials perform as well as similar materials made from primary (mined) sources.

Ascend Elements Raises Additional $162 Million to Build Sustainable Lithium-Ion Battery Materials in United States

Retrieved on: 
Tuesday, February 20, 2024

WESTBOROUGH, Mass., Feb. 20, 2024 /PRNewswire/ -- In a follow up to one of last year's largest cleantech private equity placements, Ascend Elements today announced it has raised $162 million in new equity investments. Major investors include Just Climate, Clearvision Ventures, and IRONGREY. The new equity financing brings the company's 12-month funding total to $704 million, including the $542 million funding round led by Decarbonization Partners, Temasek and Qatar Investment Authority in September 2023.

Key Points: 
  • "I'd like to thank our new and existing partners for investing in North America's critical EV battery infrastructure," said CEO Mike O'Kronley of Ascend Elements.
  • By recycling lithium-ion batteries and making new, engineered battery materials with lower carbon emissions, Ascend Elements is accelerating the global transition to zero carbon emissions."
  • "Ascend Elements' Hydro-to-Cathode® technology provides a sustainable option for production of critical battery materials, championing circularity in an industry that is poised to scale significantly.
  • Several peer-reviewed studies have shown Ascend Elements' recycled battery materials perform as well as similar materials made from primary (mined) sources.

Mastercam Appoints New CFO to the Organization

Retrieved on: 
Wednesday, February 7, 2024

TOLLAND, Conn., Feb. 7, 2024 /PRNewswire/ -- Mastercam has announced that Karen Gibbs has joined the company as the new Chief Financial Officer (CFO).

Key Points: 
  • TOLLAND, Conn., Feb. 7, 2024 /PRNewswire/ -- Mastercam has announced that Karen Gibbs has joined the company as the new Chief Financial Officer (CFO).
  • Mastercam is the world's most widely used CAM software.
  • Based in Tolland, Connecticut, she joins Mastercam as the CFO to continue to build on the company's success.
  • "I'm proud to join the Mastercam team and believe my extensive financial experience within the software industry will be an asset to the company," said Gibbs.

Cirba Solutions and EcoPro Innovating the Closed-Loop Circular Battery Economy

Retrieved on: 
Thursday, February 1, 2024

CHARLOTTE, N.C., Feb. 1, 2024 /PRNewswire/ -- Cirba Solutions, the premiere battery recycling and battery materials company, is collaborating with EcoPro Co Ltd ("EcoPro"), a global leader in lithium-ion battery cathode materials, under a signed Memorandum of Understanding ("MOU") to enhance innovative elements of the lithium-ion battery recycling business.

Key Points: 
  • CHARLOTTE, N.C., Feb. 1, 2024 /PRNewswire/ -- Cirba Solutions, the premiere battery recycling and battery materials company, is collaborating with EcoPro Co Ltd ("EcoPro"), a global leader in lithium-ion battery cathode materials, under a signed Memorandum of Understanding ("MOU") to enhance innovative elements of the lithium-ion battery recycling business.
  • With the growing demand for critical battery materials, strategic alliances play a crucial role as the circular battery supply chain continues to develop around the world.
  • EcoPro will leverage Cirba Solutions recycled materials to produce precursor cathode active material (PCAM) and cathode active material (CAM).
  • "Working with a world-renowned team like EcoPro supports the expansion of an interconnected battery supply chain."

Ascend Elements "Decarbonization Path" Targets 90% Reduction in EV Battery Material Carbon Footprint By 2030

Retrieved on: 
Tuesday, January 30, 2024

WESTBOROUGH, Mass., Jan. 30, 2024 /PRNewswire/ -- Using its patented Hydro-to-Cathode® process and recycled materials, Ascend Elements can today manufacture new EV battery material (NMC 622 cathode) at a 49% reduction in carbon emissions compared to traditional cathode manufacturing processes that rely on primary materials from mining. By 2030, the company aims to achieve a 90% reduction in carbon footprint for its NMC 622 cathode product, according to a new Life Cycle Assessment (LCA) published this week. The study was conducted by a third-party in accordance with the ISO 14067:2018 standard and independently reviewed and verified.

Key Points: 
  • "We have an opportunity to make new EV battery materials, and new EVs, far cleaner than they are today," said Mike O'Kronley, CEO of Ascend Elements.
  • Beyond that, we're on a path to achieve a 90% reduction in carbon footprint by 2030."
  • Founded in 2015 and based in Massachusetts, Ascend Elements is a leading provider of sustainable, closed-loop battery material solutions.
  • From EV battery recycling to commercial-scale production of lithium-ion battery precursor (pCAM) and cathode active materials (CAM), Ascend Elements is revolutionizing the production of sustainable lithium-ion battery materials.

Mitratech Launches New AI and Advanced Analytics Technologies, Celebrating Strong 2023 Growth and Portfolio Expansion

Retrieved on: 
Wednesday, January 24, 2024

The announcement follows a powerful close to 2023 for the Company, which saw double-digit growth and a 35% year-over-year increase in research and development investment.

Key Points: 
  • The announcement follows a powerful close to 2023 for the Company, which saw double-digit growth and a 35% year-over-year increase in research and development investment.
  • AI Text Summarization, which was recently released within Mitratech’s Workflow Automation Platform, TAP, is designed to streamline decision-making by providing automated, concise document summaries.
  • The launch of AI Text Summarization follows Mitratech’s recent release of its embedded analytics platform, PlatoBI, within its Managed Bill Review solution.
  • “Mitratech is focused on bringing advanced analytics and AI to the market to rapidly dissolve siloed departments and data.

CIBC Asset Management Inc. announces launch of three CIBC Investment Grade Bond Funds

Retrieved on: 
Monday, January 29, 2024

TORONTO, Jan. 29, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. (CAM) today announced that three new target maturity bond mutual funds known as CIBC 2025 Investment Grade Bond Fund, CIBC 2026 Investment Grade Bond Fund, and CIBC 2027 Investment Grade Bond Fund (the "Funds") are now available for purchases.

Key Points: 
  • TORONTO, Jan. 29, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. (CAM) today announced that three new target maturity bond mutual funds known as CIBC 2025 Investment Grade Bond Fund, CIBC 2026 Investment Grade Bond Fund, and CIBC 2027 Investment Grade Bond Fund (the "Funds") are now available for purchases.
  • Each CIBC Investment Grade Bond Fund provides a diversified portfolio of Canadian-dollar denominated investment grade corporate and government bonds with an effective maturity in the calendar year stipulated in their name.
  • Designated maturity dates – Similar to individual bonds, each CIBC Investment Grade Bond Fund has a defined maturity date at which time the Fund will terminate and the Fund's net assets will be distributed to investors.
  • Simplicity and efficiency – The CIBC Investment Grade Bond Funds are an efficient and convenient way to build bond ladders and manage interest rate risk by investing in the Funds with consecutively maturing years.