Funding round will accelerate Divergent's commercial scale-up across automotive, aerospace, and defense production, the company says.
The manufacturing sector's economic contraction continues for the 12th consecutive month, revealing persistent labor shortages and challenges, with some industries experiencing growth while others face contraction.
Additive manufacturing (AM) markets are estimated to have grown 13.5% to $14.7 billion in 2023.
The new material is aimed at streamlining production processes and ultimately reducing costs.
With the rapid pace of digitalization, operations are becoming faster and leaner than ever.
Augmented reality makes new robot startups easier and faster, the company says.
The fierce competition for skilled workers is spurring a host of new and creative initiatives.
The sales, marketing and service for Elliot Tool Technologies will be handled in-house by the manufacturer, leaving Monaghan open to focus solely on cutting tools.
Two main approaches exist with respect to product configuration: sales/marketing and engineering-focused strategies. The former has advantages, but could lead to gaps in what a customer is promised to what can be delivered.
How manufacturing engineers can use ERP systems to track and report their carbon footprints.
