AI Enters Inspections September 8, 2020 An Israeli company has developed new artificial intelligence technology that promises to dramatically change how original equipment manufacturers and their suppliers conduct quality control inspections.
Xometry Announces $75 Million Equity Round Led by T. Rowe Price Funds September 10, 2020 Xometry, an on-demand manufacturing marketplace, announced that it has completed an $75 million equity round, led by funds and accounts advised by T. Rowe Price Associates Inc. Durable Capital Partners LP and ArrowMark Partners.
NCDMM Announces Organizational Restructuring August 14, 2020 The National Center for Defense Manufacturing and Machining (NCDMM) announced on August 13 the restructuring of its organizational operations to include a new holding company and a subsidiary/sister company to support its long-term growth strategy within the global advanced manufacturing industry.
Voith to Deliver Eight Electric Voith Schneider Propellers to Norwegian Shipping Company Østensjø July 1, 2020 Voith will deliver eight electric Voith Schneider Propellers (eVSP) to the Norwegian shipping company Østensjø, thus enabling resource-saving and energy-efficient operation of the four offshore wind supply vessels. The four ships will be built in Spain and are already equipped for the application of CO2-neutral hydrogen technology.
YCM Introduces “Aero” Series Double-Column Machining Center Targeted to Aerospace Industry June 19, 2020 YCM Technology (USA) Inc., Carson, Calif., has announced the introduction of the “AERO” Series of next-generation, high-performance double-column, multi-axis DCV2018A/B-5AX machining centers.
ESPRIT Announces Extended Support for Mazak Smooth Ai CNC June 30, 2020 ESPRIT by DP Technology has announced extended support for Mazak Smooth Ai CNC. ESPRIT produces machine-optimized, edit-free G-code programs, program optimization, and machine simulation for Mazak’s machine tools.
FAME Establishes in Northwest Florida November 19, 2020 In competitiveness studies for economic development projects, a strong workforce is always one of the leading factors for a project win. A talented workforce is also necessary when a company is evaluating expansion opportunities.
Manufacturing Expansion Accelerates, ISM Says November 2, 2020 Manufacturing expanded in October as new orders, production and employment all improved, the Institute for Supply Management said today.
Reshoring Operations in the Age of COVID-19: Part One October 27, 2020 In March 2020, the World Health Organization officially declared the novel coronavirus outbreak a pandemic. Manufacturers are dealing with the fact that the virus has exposed the fact that many domestic brands rely significantly upon China for fulfilling some, part, or nearly all, of their supply chain.
Building a Future in Florida September 22, 2020 Florida's advanced manufacturing industries are diverse and include sectors producing intermediate and finished products ranging from plastics and micro-electronics to tortillas and motor vehicles.