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The average lifespan of a company on the S&P 500 has fallen to 20 years from more than 60 years in 1960. The power and influence of technology will increase as much in the next 18 months as it has in the last 30 years.

With more factory assets getting connected to the Web, particularly with the coming explosion of Internet of Things (IoT) devices, today’s manufacturing management must look for rock-solid technologies for securing their factory-floor machinery and the mission-critical intellectual property assets that now often reside in cloud-based software.

The appeal of multitasking machining isn’t difficult to understand. Multitasking machines overcome some limitations of conventional machines and work their own special brand of magic in subtractively processing parts. From the earliest mill-turn machines to today’s most advanced multifunction machines featuring simultaneous processing, manufacturers have recognized that productivity-enhancing multitasking machining and quality go hand in hand.

Carbon fiber reinforced polymer (CFRP) composite materials deliver the important performance advantages of high strength-to-weight ratio, durability, and extreme corrosion resistance in lightweight structures, valued especially for demanding aerospace and oil and gas industry applications.

Jon Sobel, CEO and Co-Founder of Sight Machine Inc. in San Francisco, sat down with Senior Editor Patrick Waurzyniak to discuss numerous topics related to Controls and Software, including how Sight Macine Inc. uses analytics software to help shops leverage plant-floor data.

In 2006, Jim Pontillo, founder of TRA Medical Inc. (Placentia, CA), saw two distinct trends: his medical mold-making workload was diminishing and demand for guns and gun components was rising. Sizing up TRA Medical’s core competencies, Pontillo saw an opportunity for growth in the development and production of 9-mm handguns. Today, these guns are branded and sold under their own brand FMK Firearms, which is a stand-alone business.

You have heard it before, today’s manufactured products are becoming ever more complicated. As computers and microcontrollers get ever cheaper and more powerful they have become more enticing for product engineers to use and incorporate. This means the intellectual property in the embedded software has grown increasingly in value – possibly exponentially.

GE (NYSE: GE), the world’s leading digital industrial company, has reached an agreement to acquire a 75% stake in Concept Laser GmbH for $599 million (€549 million). The agreement allows for GE to take full ownership in a number of years.

suitX, a California-based robotics company designing and manufacturing medical and industrial exoskeletons, announced today the official launch of MAX, a flexible exoskeleton that can be adapted to a variety of workplace tasks.

A new breed of turbochargers constructed of super tough alloys operates at higher temperatures and rotational speeds than ever before, resulting in greatly increased output in a smaller package for gas and diesel engines alike.