Industry News

News • October 22, 2024

Universal Robots unveils AI Accelerator

Universal Robots, the Danish collaborative robot (cobot) company, has today presented for the first time the UR AI Accelerator – a ready-to-use hardware and software toolkit created to further enable the development of AI-powered cobot applications.

News • October 18, 2024

Leadership change at 3DEO

3DEO, a Los Angeles-based leader in design, engineering, and metal additive manufacturing (AM) solutions, has appointed Scott Dennis as the company's new chief executive officer (CEO).

News • October 17, 2024

ZOLLER announces winners of 2024 Toolroom of the Year

Zoller Inc. selected the winners of its inaugural Toolroom of the Year competition during the 2024 International Manufacturing Technology Show in Chicago.

News • October 17, 2024

Market report: Cutting tool growth rate continued to slow in August

Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT - The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), totaled $209.3 million in August 2024. That represents an increase in tool orders of 9.1% from July to August of this year, but down 4.5% from August 2023. Year-to-date (YTD) shipments through August totaled $1.67 billion, up 1.5% from shipments made in the first eight months of 2023. The YTD growth rate has declined every month since April 2024.

News • October 16, 2024

Nidec builds tech center to exhibit machine tools under ‘One Nidec’ policy

Nidec Corporation plans to construct a technical center to exhibit a comprehensive lineup of its machine tools on Nidec Machine Tool Corporation's premises in the city of Ritto, Shiga Prefecture.

News • October 15, 2024

CGTech rebrands to Vericut

CGTech unveiled a new identity as it rebrands to Vericut. The company said this strategic change marks a significant milestone in its evolution and "underscores its commitment to innovation, efficiency, and excellence in manufacturing technology."

News • October 14, 2024

Seco names Vice President Brand, Marketing and Communication

Hanna Lye has been appointed Vice President Brand, Marketing and Communication at Seco. She will report to Stefan Steenstrup, President Seco, and become a member of the Seco Management Group.

News • October 11, 2024

GROB Systems to host Aerospace Technology Day

GROB Systems Inc., a global supplier of manufacturing systems and machine tools, will host an Aerospace Technology Day, together with industry partners Concepts NREC, Emuge-Franken USA, Open Mind Technologies, Seco, and Third Wave Systems at GROB's North America headquarters and production facility.

News • October 10, 2024

Horizon showcasing hybrid microfabrication process

Horizon MIcrotechnologies, a supplier of innovator in hybrid microfabrication solutions, is participating in the upcoming TechBlick Event, "The Future of Electronics RESHAPED," taking place in Berlin on October 23-24, 2024.

News • October 9, 2024

Robot orders down 8% in first half of 2024

The Association for Advancing Automation's latest report shows decline in units sold to automotive component suppliers but increased sales in several non-automotive sectors.

News • October 8, 2024

FormAlloy opens application development center

FormAlloy Technologies, Inc., a leader in metal additive manufacturing technology, opened its new Application Development Center. This state-of-the-art facility, designed to foster innovation and collaboration, officially opened its doors in July.

News • October 7, 2024

Kentucky Peerless’ bourbon ‘stars’ in the Bourbon With The Editor podcast

Kentucky Peerless Distilling Co. announced the release of a premium barrel-finished bourbon; a bourbon that was featured on the Bourbon With The Editor podcast. Due to the nature of the barrels, the latest expression will be extremely limited and released in Kentucky only.