Lam Research Corporation, VELO3D | August 05, 2020
Digital manufacturing innovator VELO 3D and Lam Research Corporation (Nasdaq: LRCX) today announced a joint development agreement that includes collaboration on novel materials and designs in metal additive manufacturing (AM) or 3D printing applications for the semiconductor industry. Lam plans to significantly increase the volume of parts produced by AM over the next five years.
Additive manufacturing allows transformation of the supply chain from production of parts typically manufactured by subtractive methods, to higher performance, innovative designs that enable agile supply chains to adopt Industry 4.0 principles. VELO 3D will develop new metal alloys on its Sapphire ® printer that are critical to Lam designs and technologies. Lam Capital will also invest an undisclosed amount in VELO 3D.
“Lam Research is leveraging additive manufacturing as a driver of the innovation that enables our customers to build smaller, faster, more powerful, and power-efficient electronic devices for everyday use,” said Kevin Jennings, senior vice president of Global Operations at Lam Research. “This joint development arrangement aligns well with Lam’s mission to continuously seek new technologies that push the limits of product design and manufacturing. We are excited to lead the semiconductor industry in delivering value to our customers from AM.”
Universal Robots | November 09, 2021
When schools educate students in mastering new technology, they look to validate that the hardware and software they use in the curriculum is relevant to companies employing graduates. Educational institutions also need to ensure that funding for acquiring the classroom technology is obtainable.
Two recent endorsements of Universal Robots’ (UR) products and educational curriculum awarded by ARM and the Ohio Department of Education offer schools that insight, emphasizing the importance of UR’s collaborative robots (or ‘cobots’) in today’s manufacturing processes and in classrooms; UR is the first robotics manufacturer to be selected for ARM’s new Endorsement Program as ARM reviewed UR’s Educational Robotics Training program. At the state level, Ohio becomes the first U.S. state to evaluate and add UR courses to its Industry-Recognized Credential List (where it sits at 6 credit points for the 2021-2022 school year and onwards).
“These endorsements mean the world to schools hoping to introduce hands-on cobot courses in their classrooms,” says Channel Development Manager at Universal Robots, Corey Adams. “The educational legitimacy of UR cobots opens the door to applying for both expanded federal funding and in Ohio also state funding to acquire cobots. And it gives schools confidence that they are not only offering students a diploma but also an instant career path.”
Backing from major industries
In order to make the Ohio Department of Education’s credentialed list, numerous companies in the state, including major Tier 1 automotive makers and home appliance manufacturers, vouched for the UR cobots, detailing how they use them on the shop floor and need an ever-expanding, educated workforce to deploy, program and operate them. “Ohio is industry leading in recognizing manufacturing technology and we expect this to quickly cascade out to other states as well,” says Adams who is actively working with numerous states in obtaining educational credentials.
The Department of Defense-sponsored ARM Institute is a 300+ member organization that catalyzes robotic technologies and education solutions to strengthen the U.S. industrial base and secure U.S. manufacturing resiliency. ARM launched the Endorsement Program earlier this year in conjunction with RoboticsCareer.org, the ARM Institute’s national workforce capability that connects education seekers with training for manufacturing careers.
ARM conducted rigorous audit
Brian Wilson chairs the Education and Workforce Advisory Committee at ARM and audited the UR Robotics Training Program: “It’s a very rigorous audit that made it apparent that UR listened and adapted to industry needs,” he says. “There is a big push for cobots that are affordable, that can easily be redeployed in different applications, and that are for both the large enterprise but also for the entrepreneur. Our endorsement is not just an academic accreditation; we look at whether the program helps the industry educate the workforce they need right now.”
In the evaluation of the UR program, ARM stressed the ‘training of the trainer’ aspect that ensures the quality of the teaching. “It’s also a course that can be offered from high school to industry professionals,” says Wilson. “There are many on and off-ramps in the lifelong learning journey and UR figured out how to make people embark on that journey at different career stages.”
Ripple effect through supply chains
At the Columbus State Community College in Ohio, the director of the Manufacturing Extension Partnership (MEP), Jeff Spain, explains how the college is now building a mixed lab space for cobots, that will focus on both professional development for manufacturing employees while also educating the next workforce generation to hit the ground running with cobots. “With their reduced footprint and intuitive programming, cobots have been a major disruption to industrial automation and are within that Industry 4.0 sweet spot of technology solutions that we find that our local employers need funded education programs for,” he says. “When large companies endorse UR cobots, it has a ripple effect through the supply-chains as Tier 1-3 suppliers and other industries realize that here is a vetted, nimble technology, that we have found offers low risk.”
For educators, manufacturers and students seeking to learn more about UR’s educational program, the company is offering the free webinar “Developing Tomorrow’s Engineers Today: An Educational Program Focused on Automation Competencies” on November 2, co-hosted with The Robot Report, and on November 10 with the Association for Advancing Automation (A3).
About Universal Robots Educational Robotics Training Program
The curriculum was created to provide a student-focused, hands-on instruction with a blended (in-class and hands-on) delivery that includes student-based projects, expanded training on interconnectivity and a clearly defined pathway for students to pursue an Advanced Manufacturing / Robotics Industry 4.0 career. The program integrates Employability skills, Project Management, Problem Solving, and Critical Thinking skills with the UR Robotics I4.0 Environment. The program aligns with ARM Model, RIA Compliancy, and National Credentialing.
About Universal Robots
Universal Robots aims to empower change in the way work is done using its leading-edge robotics platform. Since introducing the world’s first commercially viable collaborative robot (cobot) in 2008, UR has developed a product portfolio including the UR3e, UR5e, UR10e, and UR16e, reflecting a range of reaches and payloads. Each model is supported by a wide range of end-effectors, software, accessories and application kits in the UR+ ecosystem. This allows the cobots to be used across a wide range of industries and means that they can be flexibly redeployed across diverse tasks. The company, which is part of Teradyne Inc., is headquartered in Odense, Denmark and has offices in the USA, Germany, France, Spain, Italy, the Czech Republic, Romania, Russia, Turkey, China, India, Japan, South Korea and Mexico. Universal Robots has installed over 50,000 cobots worldwide.
Desktop Metal | August 12, 2021
Desktop Metal, Inc and The ExOne Company announced today they have entered into a definitive agreement pursuant to which Desktop Metal will acquire all of the issued and outstanding shares of ExOne common stock. Under the terms of the agreement, ExOne shareholders will receive $8.50 in cash and $17.00 in shares of Desktop Metal common stock for each share of ExOne common stock, for a total consideration of $25.50 per share, representing a transaction value of $575 million, subject to a collar mechanism as described below and implying a 47.6% premium to the closing price of ExOne’s common stock on August 11, 2021 and a 43.9% premium based on the 30-day average closing price of ExOne common stock. The transaction value also implies an acquisition multiple of 6.4x 2021 consensus revenue estimates for ExOne.
“We are thrilled to bring ExOne into the DM family to create the leading additive manufacturing portfolio for mass production,” said Ric Fulop, Founder and CEO of Desktop Metal. “We believe this acquisition will provide customers with more choice as we leverage our complementary technologies and go-to-market efforts to drive continued growth. This transaction is a big step in delivering on our vision of accelerating the adoption of additive manufacturing 2.0.”
“We are excited to join forces with Desktop Metal to deliver a more sustainable future through our shared vision of additive manufacturing at high production volumes,” said John Hartner, CEO of ExOne. “We believe our complementary platforms will better serve customers, accelerate adoption of green technologies, and drive increased shareholder value. Most importantly, our technologies will help drive important innovations at meaningful production volumes that can improve the world.”
More and more businesses turning to additive manufacturing expect solutions that address all of their requirements across speed, cost, resolution, and part size. The acquisition of ExOne extends Desktop Metal’s product platforms with complementary solutions to create a comprehensive portfolio combining throughput, flexibility, and materials breadth while allowing customers to optimize production based on their specific application needs. By combining ExOne’s direct sales force with Desktop Metal’s global distribution network of over 200 channel partners, the combined company will enable broader access to additive manufacturing solutions for businesses of all sizes while delivering increased materials innovation to provide customers with more choice and drive new application discovery.
About Desktop Metal:
Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating the transformation of manufacturing with an expansive portfolio of 3D printing solutions, from rapid prototyping to mass production. Founded in 2015 by leaders in advanced manufacturing, metallurgy, and robotics, the company is addressing the unmet challenges of speed, cost, and quality to make additive manufacturing an essential tool for engineers and manufacturers around the world. Desktop Metal was selected as one of the world’s 30 most promising Technology Pioneers by the World Economic Forum and named to MIT Technology Review’s list of 50 Smartest Companies.
ExOne is the pioneer and global leader in binder jet 3D printing technology. Since 1995, we’ve been on a mission to deliver powerful 3D printers that solve our customers’ toughest problems and enable world-changing innovations. Our 3D printing systems quickly transform powder materials — including metals, ceramics, composites and sand — into precision parts, metalcasting molds and cores, and innovative tooling solutions. Industrial customers use our technology to save time and money, reduce waste, increase their manufacturing flexibility, and deliver designs and products that were once impossible. As home to the world’s leading team of binder jetting experts, ExOne also provides specialized 3D printing services, including on-demand production of mission-critical parts, as well as engineering and design consulting.