Business

Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology, reached $317.9 million in April 2024. This is a 25.6% decrease from March 2024 but only 5.4% behind orders in April 2023. Orders in 2024 totaled $1.43 billion through April, 16.2% behind orders placed in the first four months of 2023.

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.

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.

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.

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.

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.

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.

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.

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).