MakuSafe | March 15, 2021
MākuSafe currently released two updates. The company has been leading as connected worker technology. Its updates are for those industrial organizations that need effective contact tracing and seeking industry 4.0 automation capabilities. By this, there will be a significant impact for industrial organizations all over the world. MākuSafe’s ability shows it can digitally connect workers to smart machines, smart buildings, and other factory automation technology.
Among the releases of updates, the first of these is built MākuSafe's RāngeView technology. The technology allows the wearable device to detect proximity to other wearables and other IIoT devices. The technology enables accurate contact tracing and offers a range of possibilities for integrating the connected worker with a smart factory. MākuSafe wearables are capable of speaking to IoT-enabled equipment and would provide significant opportunities for improved productivity. The company is now to start helping clients to control all the accesses to restricted spaces or machinery based where wearable device is present.
Besides, MakuSafe's cloud-based platform is at the heart of its latest innovation. It not only ingests data from its innovative workforce wearable technology but also functions as a robust business platform. This integrates with a customer and provides automated solutions. This gives an innovative integration and context between the connected worker and factory software.
On this, Gabriel Glynn, CEO, MākuSafe, mentions that connected workers are the future of every worksite across the world. Similar to safety glasses, hearing protection, and hard hats, workforce wearables are the next evolution. Increased safety and improved productivities are the driving forces behind Industry 4.0 and connected worker technologies like MākuSafe.
Furthermore, the MākuSmart software platform is also known for offering robust data analytics. It also excels in providing actionable high-priority notifications on an immediate basis in simpler ways. A complete reporting module has also been added for clients to extract and study meaningful data by creating custom reports or using a suite of pre-designed report templates.
One of these available templates allows on-demand contact tracing for any specified timeframe. If a worker is exposed or diagnosed with COVID-19, their employer can provide notifications to those they have been within six feet of distance. For employers working in states where legislation has been passed like California's AB 685 and requires companies to have contact tracing knowledge and provide notifications to exposed workers, this enhancement eases that burden and can be adapted as regulations evolve.
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.
iBASEt | May 18, 2021
AST & Science LLC, the company building the first and only space-based cellular broadband network-accessible directly via regular mobile phones, has chosen an iBASEt solution to handle their manufacturing production, according to iBASEt, the company that simplifies how complicated products are built and maintained.
AST & Science intends to deploy iBASEt's MES (Manufacturing Execution System) as a cloud-native solution offered as a managed service, operated by Solumina iSeries (SaaS). AST & Science can create a manufacturing process managed in the cloud that can easily scale while improving performance, maintaining regulatory compliance, and enhancing satellite quality by eliminating the need for dedicated IT resources or the procurement and maintenance of expensive hardware.
"We're excited to collaborate with AST & Science to make the company run more efficiently," said Naveen Poonian, CEO of iBASEt. "Accelerating production in complex, discrete manufacturing environments requires a robust MES solution. Solumina iSeries is uniquely designed for this world to accelerate rapid time-to-value through the efficiency and quality control that is deeply integrated into each of our solutions."
The Solumina iSeries from iBASEt is the industry's first agile platform for industrial manufacturers, using hundreds of pre-configured microservices to simplify and continuously enhance complex manufacturing operations.
iBASEt is a software company that simplifies the building and maintenance of complex products. Founded in 1986 in Southern California, iBASEt solutions ensure global digital consistency through manufacturing, quality, and maintenance, repair, and overhaul (MRO) operations. The iSeries is a cloud-native platform driven by Solumina that provides a digital ecosystem to accelerate innovation and improve operational efficiency. Lockheed Martin, Northrop Grumman, Rolls Royce, Pratt & Whitney, and Textron are among the companies that use iBASEt.