Hon Hai | August 10, 2022
Hon Hai Technology Group (“Foxconn”)(TWSE:2317) today announced the signing of a contract manufacturing agreement (CMA) with Zimeno Inc. DBA Monarch Tractor (“Monarch Tractor”) to build next-generation agricultural equipment and battery packs at the Foxconn Ohio facility.
“Leveraging Foxconn’s manufacturing strengths, world-wide network of industry leaders and supply partners, and our new partnership with Monarch Tractor, Foxconn is positioned and eager to contribute to the ongoing and future success of Monarch Tractor, its products and its customers, This partnership reflects Foxconn’s growing center of gravity for autonomous electric vehicle production and the potential that can emerge from forward-thinking collaborations.”
-Young Liu, Chairman of Hon Hai Technology Group.
Full-rate production of Monarch Tractor’s MK-V Series is scheduled to begin Q1 2023 at the Foxconn Ohio facility, an approximately 6.2 million square foot campus of scalable production space. This will follow production of Monarch’s Founder Series in Q4 of 2022 at Monarch Tractor’s Livermore, California, manufacturing facility.
"Creating the industry's most advanced tractor demands a manufacturing partner with the experience to quickly scale and execute with precision, Foxconn is an EMS leader whose manufacturing and solutions are world-renowned. We are proud to partner with Foxconn and work together to transform the future of farming."
-Praveen Penmetsa, Co-Founder & CEO of Monarch Tractor.
In May 2022, Foxconn assumed manufacturing operations at its Ohio facility after completing an Asset Purchase Agreement (“APA”) with Lordstown Motors Corp. (Nasdaq:“RIDE”). The agreement with Monarch Tractor is the first contract manufacturing engagement by Foxconn following the closing of the APA. It embodies the Foxconn vision to expand its contract manufacturing in the EV market. The agreement also continues the transformation of Foxconn capabilities in the Mahoning Valley.
About Hon Hai:
Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (2317: Taiwan) is the world’s largest electronics manufacturer. Hon Hai is also the leading technological solution provider, and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. Hon Hai has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. To learn more, visit www.honhai.com.
About Monarch Tractor:
Monarch Tractor is working to utilize 21st-century technology to empower farmers by enabling profitable implementation of regenerative, sustainable and organic practices. Monarch Tractor, the world’s first fully electric, driver optional, smart tractor, enhances farmer’s existing operations, alleviating labor shortages, and maximizing yields. Monarch is committed to elevating farming practices to enable clean, efficient, and economically viable solutions for today’s farmers and the generations of farmers to come. With cutting-edge technology, global reach, and an experienced team, Monarch is delivering meaningful change for the future of farming
EV Technology | August 09, 2022
EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (OTCQB: EVTGF, NEO: EVTG, DE: B96A), announces today that it has entered into terms with MEPC Silverstone Park (“Silverstone Park”), securing a 90,000 sq ft industrial lease at the historic motoring site. The new facility comprises EV Technology Group’s “EV Centre of Excellence”, and has been constructed by MEPC, and is a part of MEPC’s latest 265,000 sq ft development at Silverstone Park.
This announcement follows the recent announcement of the proposed acquisition by EV Technology Group of Fablink Group Holdings Limited, (“Fablink”), a tier one contract manufacturer in the United Kingdom, who operate seven manufacturing and assembly sites with over 750 employees. Fablink operates its ‘Streamline Automotive’ Division, which services the increasing demand in the U.K. for contract vehicle assembly services, especially in the electric vehicle sector. The new Silverstone facility will allow EV Technology Group and its subsidiaries to rapidly expand electric vehicle manufacturing and assembly capacity, supporting its vision of electrifying iconic brands.
As EV Technology Group looks to expand its house of brands, this state-of-the-art facility will be home to the Company’s electric vehicle engineering and development hub, whilst also providing world class facilities for Streamline Automotive for vehicle assembly and finishing.
Silverstone itself has a rich automotive history - hosting legendary motorsport events like the Formula One. Beyond its history, the site presents an opportunity to take advantage of the large, skilled local labour pool within commuting distance of the site. Silverstone Park is seeing the development of many electric vehicle and technology related businesses, increasing talent density and corporate linkages in the area. For example, the Silverstone Technology Cluster has been formed to support engineering, electronics and software companies in the region as they grow.
“Silverstone has been the home to many iconic motoring stories - and our future electrifying iconic brands here will be part of its next chapter. The site’s location puts us in the heart of the booming UK EV industry, and will allow us to scale manufacture and assembly of electric brands such as the iconic MOKE."
-Wouter Witvoet, CEO and founder of EV Technology Group
EV Technology Group:
EV Technology Group was founded in 2021 with a vision of electrifying iconic brands - the and a mission of redefining the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EV Technology Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities.
3D Systems | August 09, 2022
Today, 3D Systems (NYSE:DDD) announced that it has entered an agreement to acquire dp polar GmbH, the German-based designer and manufacturer of the industry’s first additive manufacturing system designed for true high-speed mass production of customized components. Central to dp polar’s patented continuous printing process is a large-scale, segmented, rotating print platform that eliminates the start/stop operations of virtually all additive manufacturing platforms. Traditional printers operate on a Cartesian Coordinate system in which the print head moves sequentially from point to point throughout component production. With dp polar’s technology and patented polar coordinate control, the print heads remain stationary above the rotating platform, providing a continuous print process. This approach not only dramatically speeds component production but also minimizes wear and vibration associated with traditional print head motion. With this modular approach, the rotating platform can be mated with a variety of printing technologies and can even accommodate pick-and-place robotic systems that can embed electronics or other features into the body of the component as it is printed. With this acquisition, 3D Systems will leverage its industry-leading polymer materials portfolio as well as Oqton’s software technology to bring true high-speed, mass production additive manufacturing to a breadth of industries including aerospace, automotive, foundries, consumer goods, and healthcare.
“This acquisition is the next step in executing on our investment strategy to provide our customers with an industry-leading additive manufacturing solutions portfolio to address their critical applications challenges, dp polar has designed a very unique system that provides true high-volume production. The ability to print a broad range of materials, alongside the printer’s modular design that enables multiple processes in one high-speed platform not only increases productivity by orders of magnitude but also reduces the total cost of ownership. Particularly impressive is the level of machine intelligence embedded in the platform’s operating system, which enables continuous operation across the large, rotating print platform. This unique capability is central to the exceptional throughput, economics, and versatility of dp polar’s 3D printing system. By combining our renowned polymer materials portfolio with this first-to-market high-speed production technology, I believe we’ll affect a monumental shift in production workflows for high-value applications in industrial and healthcare markets.”
-Dr. Jeffrey Graves, president and CEO, 3D Systems.
The printing process designed by dp polar allows for simultaneous application of different materials to precisely define the desired performance properties in components – such as elasticity, hardness, temperature resistance, or coloring – with high precision. The high-speed additive manufacturing solution can integrate pre-processing, production, and post-processing elements, and seamlessly connects with ERP systems. This enables end-to-end traceability and quality assurance which is vital for applications in highly regulated markets such as aerospace and healthcare.
“As the founder of dp polar GmbH, I am very excited about the unique opportunity to work with a leading provider of highly professional 3D printing systems, The synergy that results from the combination of our two companies is particularly valuable: the mass production solutions meet a range of industrially mature AM materials. With additive manufacturing, the industry is now getting the chance for real mass production for the first time.”
-Hans Mathea, CEO, CTO and founder, dp polar GmbH.
About 3D Systems:
More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction - empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials, and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in healthcare and industrial markets such as medical and dental, aerospace & defense, automotive, and durable goods.
About dp polar:
Founded in 2014, dp polar is a dynamic, rapidly growing, technology-oriented company based closed to Karlsruhe/Germany. We design, develop and deliver 3D printing systems for additive mass manufacturing for industrial and healthcare applications. Using our patented High-Speed Rotative AM Process (HSR), we achieve unprecedented industrial AM productivity. We offer a comprehensive solution to automate and productively integrate additive manufacturing into the validatable end-to-end overall process. The complete documentation guarantees continuous traceability. Track-and-trace coding ensures the finished print object is forgery-proof at highest quality standard. Everything we do, we believe in challenging the status quo. We believe in thinking differently.