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Universal Robots’ latest results are ‘a strong indication of growth to come’, says president

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Collaborative industrial robot maker Universal Robots’ latest results are “a strong indication” of future growth, says its president, Kim Poylsen.

Universal Robots, which has just released its Q3 results for 2021, has reported record quarterly revenue of $78 million, up 46 percent on last year’s Q3 revenue and 31 percent up from its pre-pandemic Q3 revenue of 2019.

Since creating the world’s first commercially viable collaborative robot in 2008, the Danish company has gone on to sell over 50,000 of its ‘cobots’ for use across a range of industrial uses, primarily in the manufacturing sector. [Read more…] about Universal Robots’ latest results are ‘a strong indication of growth to come’, says president

SME and CESMII partner to accelerate smart manufacturing adoption

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SME, a non-profit professional association dedicated to advancing manufacturing, and CESMII – The Smart Manufacturing Institute, are partnering to drive smart manufacturing further and faster by aligning their resources and educating the industry, helping companies boost productivity, build a strong talent pipeline, and reduce manufacturers’ carbon footprint.

Robert Willig, CEO, SME, says: “The past decade has revealed an unprecedented flattening and even decline in our manufacturing productivity by (per average) worker.

“Together, CESMII and SME will optimize our strengths and resources to accelerate the transformation and democratization of the smart manufacturing ecosystem and jumpstart productivity.” [Read more…] about SME and CESMII partner to accelerate smart manufacturing adoption

Top business automation trends

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In a world where technology can change overnight, it’s important to stay current with the latest trends.

As a business owner, you want to boost productivity while providing the safest and most efficient environment for all of your employees. And as you scale your business, it’s only natural to find ways to automate as many processes as possible.

Below are some of the most current automated digital solutions to implement into your business today. [Read more…] about Top business automation trends

Sole Source Capital raises $555 million for second fund

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Sole Source Capital, an industrial-focused private equity firm, has closed its second fund, SSC Partners II or “Fund II”, with aggregate total commitments of $555 million.

Fund II was significantly oversubscribed with an initial target of $400 million and reached its hard cap. With the closing of Fund II, Sole Source Capital now manages in excess of $1 billion just three years after the launch of Fund I.

Since 2016, Sole Source has completed 24 transactions focusing on driving rapid value creation in lower middle market companies. [Read more…] about Sole Source Capital raises $555 million for second fund

How to Become a More Eco-Friendly Industrial Business

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A few key industrial organizations around the world are now known to be the biggest culprits when it comes to emissions, so it’s as important as ever for production lines and other similar plants to begin moving toward more eco-friendly operations.

Thankfully, figuring out how your industrial business can reduce its carbon footprint and become a more environmentally conscious brand doesn’t have to be as difficult as you might expect, as there are in fact just a few key tips and tricks that you can make the most of to turn your green dreams into a reality in no time.

So, if you’re interested in finding out more, then simply read on. [Read more…] about How to Become a More Eco-Friendly Industrial Business

5 French Robotics Startup Success Stories

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More companies than ever are looking to the robotics and automation sector to solve their productivity issues and drive expansion plans. Some of the most exciting leaps forward in the field of robotics are happening in France.

Since the early years of the 21st century, this country has been leading the way in robotics development, with significant innovations in automation that have redefined viticulture, e-commerce and the medical sectors alike.

With so much happening in this part of the world, anyone keen to pursue a career in robotics development may want to consider learning French as a second language. Below, we spotlight five of the biggest French robotics startup success stories. [Read more…] about 5 French Robotics Startup Success Stories

Oil trading market volatility and how to gain high profit rate

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Due to the recent volatility in prices in oil trading, traders may profit greatly by anticipating their market direction. Volatility, in terms of financial instruments, is described as an expected movement in asset prices in either direction.

The volatility of the oil is assessed in proportions. For instance, with the present oil price at $100 and volatility at 15%, traders predict that the price of oil will vary by 15% in the next year (up to either $85 or $115).

Price volatility is expected to rise in the future if the current volatility exceeds historical volatility. As long as the current volatility level stays below the long-term average, traders may expect that future market moves will bring less volatility. [Read more…] about Oil trading market volatility and how to gain high profit rate

Intelligent Process Automation Startups

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How modern is your business? Are you still using mechanical processes such as e-mails and video calls to organize and track your processes, or do you have an intelligent process automation system in place that does it for you?

IPA solutions are fast becoming the standard.

In this article, we look at some of the most popular IPA startup solutions for businesses, what they are, and how they can help take your business forward. So whether you need an IPA for one aspect of your business, or a complete solution, you will find the answer right here. [Read more…] about Intelligent Process Automation Startups

MTS AI Center launches $100 million artificial intelligence fund and global accelerator

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MTS AI Center, an international AI subsidiary of Russia’s largest telecom operator MTS, which is dual listed on the New York Stock Exchange and the Moscow Exchange, has launched a $100 million AI fund and accelerator to “spearhead the development and commercialization of AI solutions and promising AI start-ups across Asia, Europe and North America”.

The VC fund and accelerator platform, Intelligent Machines (Intema), will focus on supporting artificial intelligence start-ups with smart money: financial support, deep technical and business expertise, access to computing power and networking, leveraging its world-class AI experts and the established position of its parent company MTS, a leading multinational with expertise in telecoms, fintech, cloud technology, Big Data, and AI.

Over the next three years, the MTS AI Center will invest more than $100 million in AI start-ups via a venture fund that will invest up to $20 million in individual projects and companies, and a start-up accelerator that will invest up to $100,000 per project. [Read more…] about MTS AI Center launches $100 million artificial intelligence fund and global accelerator

Michigan Governor Whitmer awards substantial grants to accelerate mobility and electric vehicle investments in the state

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Michigan Governor Gretchen Whitmer was joined by state, local and university officials at Kettering University’s GM Mobility Research Center in Flint to announce the first round of Michigan Mobility Funding Platform grants.

Five mobility companies – MUVE, Airspace Link, Kuhmute, GreenRoute and Michigan Flyer – received more than $444,000 in funding to deploy mobility pilots in Michigan that alleviate mobility barriers and help accelerate electric vehicle adoption.

Governor Whitmer said: “These grants are securing a foundation for mobility companies across the state that builds on our reputation as a global leader in testing and deployment of future mobility solutions, but also create a runway to future growth and jobs right here in Michigan. [Read more…] about Michigan Governor Whitmer awards substantial grants to accelerate mobility and electric vehicle investments in the state