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PTC to acquire product lifecycle management provider Arena Solutions

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Computer-aided design specialist PTC has signed a definitive agreement to acquire Arena Solutions, a software as a service (SaaS) product lifecycle management (PLM) platform provider.

The acquisition will further PTC’s strategy to be the leader in the rapidly-growing market for SaaS-based product development software, enabling the company to deliver a complete CAD + PLM SaaS solution.

Under the terms of the agreement, PTC will acquire Arena Solutions for $715 million in cash. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to be completed in PTC’s fiscal Q2 2021. [Read more…] about PTC to acquire product lifecycle management provider Arena Solutions

MassRobotics chooses Festo as winner of its GM Gripper Challenge

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MassRobotics has chosen Festo, a MassRobotics partner, in collaboration with Magswitch, is the winner of the 2020 GM Gripper Challenge.

Festo’s design concept was selected for its ability to handle a variety of parts, in addition to avoiding occluding a part when gripped.

Joseph Cyrek, Magswitch CEO, says: “The technology challenge hosted by MassRobotics provided an excellent platform for collaboration and rapid development of innovative solutions.” [Read more…] about MassRobotics chooses Festo as winner of its GM Gripper Challenge

Comau unveils new ‘lightweight, ruggedized’ version of its exoskeleton

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Comau Robotics has unveiled a new “lightweight, ruggedized” version of its exoskeleton.

The new Mate-XT wearable exoskeleton “fully accommodates the specific needs of workers in demanding industrial, non-industrial and open-air environments”, says Comau.

Featuring a slim, lightweight carbon fiber structure and an intuitive regulation system, the water, dust, UV-light and temperature resistant design can be quickly adjusted to fit virtually any body frame. [Read more…] about Comau unveils new ‘lightweight, ruggedized’ version of its exoskeleton

Universal Robots sells 50,000 collaborative robots

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Collaborative robot manufacturer Universal Robots is celebrating “unprecedented sales” with the delivery of its 50,000th unit to German company VEMA.

Collaborative robots – or cobots – remain the fastest growing segment of industrial automation, projected to grow at an annual growth rate of 30.37 percent during 2020–2025.

Cobot market pioneer Universal Robots solidified its frontrunner position today by selling its 50,000th cobot, which was purchased by a German manufacturer to enable higher productivity and better employee safety. [Read more…] about Universal Robots sells 50,000 collaborative robots

Hyundai Robotics to automate fast-food production for KFC

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Hyundai Robotics is entering the food technology market in cooperation with the global chicken franchise, KFC.

Hyundai Robotics has signed an agreement outlining “research and co-operation in automated production manufacturing” with KFC at the restaurant chain’s Eungam restaurant in Seoul, South Korea.

Hyundai Robotics’ COO Seo Yoo Seong and KFC Korea’s CEO Eom Ik-soo attended the signing ceremony. [Read more…] about Hyundai Robotics to automate fast-food production for KFC

Automated trucks market offers ‘lucrative opportunities’ as investment in automation grows

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The innovation in automated trucks has made it possible to transport goods and materials without manual support, according to a new report by Fact.mr. The market itself offers “lucrative opportunities” to companies. 

The technology is hailed by the automotive sector since it has helped them in significantly curbing the risk of accidents caused due to negligence. Automated trucks also are considered an environment-friendly option for transporting goods since they use gas and energy in lesser volume.

Fact MR in its recent study has identified it as a thriving market that holds immense potential for growth. [Read more…] about Automated trucks market offers ‘lucrative opportunities’ as investment in automation grows

Automation association CLPA celebrates 20 years

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November 2020 marks a significant milestone for the CC-Link Partner Association (CLPA), as the organization will celebrate its 20th anniversary.

Over the past two decades, the CLPA has been supporting automation vendors and end users worldwide to create converged Smart Factories by providing open network solutions that leverage the latest, most promising technologies, such as Time-Sensitive Networking (TSN).

Since its foundation, the CLPA has actively contributed to advancing manufacturing, such as supporting the current focus on Industry 4.0. [Read more…] about Automation association CLPA celebrates 20 years

Why Do Some Businesses Fail in Today’s Market?

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If you ask just about anyone on the street corner, they could tell you a few reasons why businesses fail. Usually, someone would say that a business fails because they run out of money. While this is very true, there are many more problems than that.

I have come up with a few reasons why some businesses are failing, and how they can get back on track. It is one thing to know why a business is failing, but it is a totally different animal to actually come up with a plan to succeed. [Read more…] about Why Do Some Businesses Fail in Today’s Market?

Bobacino launches robotic tea bar

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A startup company called Bobacino has launched its automated Boba Tea Bar, which uses a robotic arm to make beverages for customers. (See video below.)

Bobacino says it is bringing the “unique boba tea experience” to a growing audience of boba aficionados and new enthusiasts through advanced artificial intelligence, automation and robotics.

The company has launched on StartEngine, a crowdfunding platform, to target a market that it forecasts is set to hit $8.4 billion by 2024. [Read more…] about Bobacino launches robotic tea bar

Kivnon awarded AGV project by US truck-making giant Navistar

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Kivnon has been awarded an automated guided vehicle (AGV) project by Navistar, a top manufacturer of commercial trucks and other large vehicles in the USA.

Navistar has chosen Kivnon’s automation solutions for its new manufacturing plant in Texas.

The international group Kivnon, which specializes in the automation of industrial processes using self-guided vehicles (AGVs/AMRs), expands its presence in the American market through a contract agreement with Navistar to provide a complete mobile robotics solution and bring automation to their new assembly plant. [Read more…] about Kivnon awarded AGV project by US truck-making giant Navistar