Hawk Ridge Systems | December 15, 2021
Hawk Ridge Systems, a leading global provider of 3D design, manufacturing, and 3D printing solutions, has acquired DesignPoint as part of its strategic initiative to expand services and solutions to customers throughout North America. This represents the fourth acquisition of value-added resellers for Hawk Ridge Systems within the last 12 months.
Hawk Ridge Systems and DesignPoint are both industry leaders and respected solution providers for 3D design and manufacturing solutions. Hawk Ridge Systems had its genesis on the West Coast and Canada and has grown across the Midwest over the past five years. DesignPoint has a strong presence on the East Coast, so together the companies have resources and solutions to support customers across North America.
Our vision, values and business priorities are aligned.Hawk Ridge Systems and DesignPoint have been relentlessly focused on bringing value to our customers since we both started in 1996. Not only do we share a common language of customer focus, but we have also been on the same journey with the evolution of our 3D design solutions with our partners at Dassault Systèmes SOLIDWORKS and Markforged.”
Dale Ford, President and CEO of Hawk Ridge Systems
The combined company has 26 offices in the U.S. and Canada, 380 employees and over 33,000 customers.
About Hawk Ridge Systems
Hawk Ridge Systems is a leading provider of 3D design, manufacturing and 3D printing solutions to help customers exceed their business objectives. Solutions include the full portfolio of Dassault Systèmes offerings, manufacturing software from HCL CAMWorks, 3D printers from Markforged and HP, scanners from Hexagon, Artec3D and Creaform, DriveWorks™ and SolidProfessor training.
Path Robotics | May 05, 2021
Path Robotics, the Columbus-based AI Robotics firm responsible for developing the world's first fully autonomous robotic welding system, reported today that it has raised $56 million in Series B funding, taking the total amount invested in the company to $71 million. Returning investors Drive Capital, Basis Set, and Lemnos Lab joined Addition in leading the round.
Path Robotics is the only organization in the world that provides turnkey, autonomous robotic welding systems. Its artificial intelligence-driven robotic product is an industry disruptor, redefining industrial robotic welding.
The technology was developed with the intent of requiring no system programming and "no perfect parts." The system can see and understand virtually every part it is provided with the scanning and computer vision technologies, and it can self-adjust for each unique part. It analyses the site of the weld and generates all of the necessary planning to perform a clean weld almost instantly. The system was built to function precisely in a manufacturing environment and with highly reflective materials.
The number of people joining the welding workforce in the United States continues to decline, as the average age of welders rises. The demand for welders is growing at a rate of 3% each year, while supply is declining, resulting in a shortage of 400,000 skilled welders in the American welding workforce by 2024. This reality, along with increased demand for onshore manufacturing as a result of the pandemic, is causing a shortage in American manufacturing across industries. Path Robotics is committed to developing intelligent robotic systems that will eliminate this shortage and drive a new age of American manufacturing growth.
Drive Capital, headquartered in Columbus, has returned to Path Robotics as an investor. "We are excited to continue our collaboration and investment in Path Robotics. Their artificial intelligence and computer vision technology is meeting a huge and pressing need for manufacturers all over the world "Drive Partner Nick Solaro said.
About Path Robotics
Path Robotics is developing cutting-edge artificial intelligence, machine learning, and computer vision systems to help industrial robots become more sophisticated. Andy and Alex Lonsberry found a commercial need for industrial welding robotics while studying on their PhDs at Case Western Reserve University. Path Robotics was founded as a result of this collaboration between Matt Klein and their father, Ken Lonsberry. Their robotic welding systems are transforming the manufacturing industry by enabling hardware to do more with less human intervention.
Frost & Sullivan | June 17, 2021
Frost & Sullivan's recent analysis, Information Technology and Operations Technology (IT-OT) Convergence Powers the Global Industry 4.0 Market for Mechanical Test Applications, finds that the complexity involved in creating products creates the need for predictive and proactive maintenance of machines in the mechanical testing field, as traditional inspection and test mechanisms such as coordinate-measuring machines (CMMs) or optical measurement systems can no longer inspect and test such intricate products. Primarily driven by the rise and prevalence of supporting technologies, the global industry 4.0 in the mechanical test market is likely to experience a nearly two-and-a-half fold growth, reaching $257.9 million by 2024 from $109.9 million in 2019, up at an impressive compound annual growth rate (CAGR) of 18.6%. Additionally, the COVID-19-triggered disruptions to businesses and the economy have also compelled companies to adopt Industry 4.0 technologies because their deployment ensures business efficiencies.
"The heightened demand for smart test equipment in end-user verticals such as automotive, aerospace, electronics, and Food and Beverage (F&B) presents tremendous potential for Industry 4.0 in the mechanical test market that comprises four sub-segments—non-destructive testing (NDT), condition monitoring (CM), dimensional metrology, and material testing," said Sujan Sami, Research Manager at Frost & Sullivan. "Going forward, prominent industry 4.0 technologies impacting the mechanical test equipment market are sensors and Internet of Things (IoT), cloud, analytics, and visualization."
Sami added, "Test and measurement enterprises will use artificial intelligence (AI)-based analytics to model solutions that can make intelligent decisions, intensify human innovations, optimize costs, perfect operations that involve high precision, and perform many more tasks. Further, simulation and immersive visualization technologies will play a vital role in the achievement of immersive human-machine interaction in the industrial environment, which will help achieve safety and production optimization in a factory environment."
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