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Industrial Data

OPT Industries | August 20, 2021

OPT Industries, a manufacturing technology startup, announced the opening of its first manufacturing facility in Medford, Mass. to scale market access to RAMPTM, the first roll-to-roll 3D printing platform that allows continuous materials production at unlimited lengths with new levels of micron-level precision. Spun out of MIT, OPT began with a patented 3D printing system built upon years of R&D in additive manufacturing and computational fabrication by OPT founder Jifei Ou. ...

Kosmos Energy, Trafigura | June 29, 2020

Kosmos Energy (“Kosmos” or the “Company”) announced today that it has entered into a crude oil prepayment agreement (“Prepayment Agreement”) with Trafigura Trading LLC (“Trafigura”). The Prepayment Agreement provides up to $200 million of crude oil sales primarily related to a portion of the Company's 2022 and 2023 Gulf of Mexico production, with $150 million committed by Trafigura. Kosmos expects to execute $50 million of advanc...

IoT For All | February 28, 2020

While the Industrial Internet of Things is maturing rapidly, there’s often a strong link to Artificial intelligence and Machine Learning tools to manage data flows. This raises a host of challenges including connectivity, security, storage and modeling requirements. Designers of IIoT devices and larger deployments must build in contingencies for shifts in these areas or risk falling short. While IIoT is gaining in maturity, the overall market still has many challenges to overcome. Some of ...

Manufacturing Technology

Geekplus | July 28, 2022

Geekplus, the global leader in autonomous mobile robots, has expanded collaboration with electronic components manufacturer Siemens Switchgear Ltd., Shanghai with the second phase of a smart manufacturing automation project. The expansion introduces more of Geekplus's goods-to-person picking and materials handling robots to the multi-robot configuration and opens up a further 3000m2 of automated warehousing space. The system achieved a delivery accuracy rate of 100%, with materials accuracy ...