Through the integration with the Nexus Digital Reality Platform, this partnership will also empower smaller machine shops to better compete, fast-tracking their digital transformation journey through a connection to the cloud that enables enhanced automation, data collection & visibility, and improved collaboration.
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Aetina, a provider of Edge AI solutions, and Tupl, an innovator in AI-powered operations automation, have announced a global technological partnership to accelerate the adoption of AI vision solutions at the edge in factories worldwide.
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Fictiv, a global manufacturing company, has announced the release of its ninth-annual ‘State of Manufacturing Report’ — an industry-leading survey of manufacturing leaders that tracks perspectives on the economy, supply chain, AI, sustainability, and more.
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March 2024 U.S. cutting tool consumption totaled $212.4 million, according to the U.S. Cutting Tool Institute (USCTI) and The Association For Manufacturing Technology (AMT). This total was down 1.1% from February’s $214.6 million and down 5.8% when compared with the $225.6 million reported for March 2023.
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Orders received by the German machine tool industry in the first quarter of 2024 were 24 percent down on the same period last year. Orders from Germany fell by 2 percent whereas export orders dropped by a more considerable 32 percent.
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Realtime Robotics, a leader in collision-free autonomous motion planning for industrial robots, has announced that it has secured a strategic investment from Mitsubishi Electric Corporation.
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As a technical partner to INEOS Britannia Renishaw is supporting the team by providing them with innovative products and solutions to maximise the performance of their latest race boat. After two and a half years of development,
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The ZEISS Group has reported that it was able to continue its double-digit growth despite a challenging market environment in the first half of fiscal year 2023/24. The company continues to drive its investment strategy and transformation into a data- and process-driven organization.
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NIL Technology (NILT), a world leading flat optics company, has raised €29 million in new capital. The investment was led by a syndicate of investors. Founded in 2006, NILT has been at the forefront of fabrication of advanced nanostructures and NILT is today vertically integrated within nanostructured flat optics (meta-optics).
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In the first quarter 2024, the index of machine tool orders, elaborated by the Economic Studies Department & Business Culture Centre of UCIMU-SISTEMI PER PRODURRE, highlighted an 18.9% downturn over the period January-March 2023.
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