Satellogic | December 29, 2021
On December 28th, Satellogic, a market leader in the collection of sub-meter resolution satellite imagery, announced the construction of a high-throughput satellite manufacturing facility in the Netherlands.
This new 57,000-square-foot facility is expected to expedite satellite assembly and house the company's state-of-the-art manufacturing, integration, and testing equipment. Along with logistics capabilities and storage space dedicated to sensitive optics, mechanical, and electronic components, the facility will include office and meeting space for approximately 80 people to facilitate hybrid working arrangements.
The site was strategically selected in Berkel en Rodenrijs because the region is home to a sizable workforce of skilled labor. Furthermore, proximity to The Hague, Delft, and Rotterdam enables Satellogic to provide the best logistical support in the world.
Gustav Wenhold, Satellogic's VP of Manufacturing Operations, will oversee operations at the new facility. Wenhold's international leadership experience spans more than two decades. He has managed several aerospace manufacturing entities for the last 15 years, ensuring that the necessary functions for self-sustaining business models were in place.
"Satellogic has ambitious growth plans that our new high-throughput plant is designed to meet," said Wenhold. "With these significant additions to our production capabilities, we’re prepared to continue supporting our customers by delivering high frequency, high-resolution imagery and strategic, timely insights for decision makers."
The new high-throughput plant will operate under modern and Industry 4.0 principles. The building's construction is scheduled to be completed by the end of January 2022. Production is expected to begin in the second quarter of 2022 after the facility's equipment is fully commissioned, and the facility is expected to reach its total capacity of 25 satellites per quarter by Q3 2023.
"Satellogic relies on key suppliers for the delivery of components and subassemblies that have been fully developed by our internal engineering and manufacturing teams, With this expansion to our supply chain, we expect we will be able to scale up our production plans and reach our goal of constantly maintaining 300 satellites in orbit."
-Alessandro Comune, VP of Global Supply Chain.
Satellogic will maintain its current Assembly, Integration, and Test (AIT) facility in Montevideo, Uruguay, which currently has a capacity of 24 satellites per year. In the future, the Uruguay facility will primarily serve as a pilot plant to introduce new technology for next-generation satellites. Additionally, the technology will be advanced to the manufacturing maturity required for satellites to be transferred to the Netherlands, where industrialization and throughput-increment processes will be developed. Both facilities will continue to emphasize standardization, zero defects, and zero waste.
Satellogic is expected to go public through a proposed business combination with CF Acquisition Corp. V (Nasdaq: CFV) ("CFAC V"), a Cantor Fitzgerald-sponsored particular purpose acquisition company. The transaction, which is expected to close in the fourth quarter of 2021, will enable Satellogic to expand its constellation of satellites and maintain its position as the global leader in sub-meter imagery. Satellogic will begin trading on the Nasdaq following the close under the ticker symbol "SATL."
*This press release contains "forward-looking statements" as defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended.
They reflect Satellogic's current expectations and beliefs about future developments and their potential impact on Satellogic. Statements made in this press release are based on assumptions. A guarantee, an assurance, a prediction, or a definitive statement of fact or probability is not intended to be relied upon by an investor. Actual events and circumstances will differ from assumptions. Satellogic has no control over many real events.
Jordan K. Speer | April 28, 2020
The coronavirus has dealt a stunning blow to supply chains, logistics and fulfillment, shutting businesses and economies down and revealing many of the vulnerabilities they contain. Like other epidemics and pandemics, but unlike most other disasters we commonly encounter (earthquakes, floods, tsunamis, fires, political unrest) that involve physical destruction of buildings and infrastructure, COVID-19 has wreaked havoc on supply chains because it has knocked people out of the game. Factories, warehouses, fulfillment centers, vehicles and roads are not under water or caved in on themselves. They are withstanding COVID-19 just fine.
Meanwhile, hundreds of thousands of people are falling ill globally, social distancing is the rule of the day and most non-essential businesses are temporarily (or permanently) closing their doors. Not surprisingly, consumers, sheltering in place, have quickly ramped up their online shopping. According to a consumer survey conducted by IDC from March 23-31, online shopping is up by 47%, with 35.4% expecting to spend more on retail, whether in store or online, because of COVID-19 concerns. Moreover, fears of scarcity as well as the ability to acquire goods are likely what’s behind a significant increase in bulk buying that goes well beyond toilet paper. Overall, 55.8% of consumers are loading up or expect to load up on bulk quantities of goods.
Ultimation | May 07, 2021
With the global industrial robot market expected to rise at a 9% annual pace to $75.84 billion by 2025, Ultimation Industries LLC is extending its Autonomous Mobile Robot (AMR) line-up to provide automated systems that allow businesses of all sizes to turn their facilities into fully integrated warehouses. For over 30 years, Ultimation has been a leader in conveyor technology and automation.
Ultimation has added warehouse robotics built by OTTO Motors of Kitchener, Ontario, Canada to their full line of material handling solutions. The addition of OTTO devices, according to Canny, is a good compliment to the company's newly announced strategic relationship with Denmark's Nord-Modules, which manufactures top modules for AMRs. These collaborations position Ultimation Industries as a one-stop-shop for the whole AMR kit.
The new OTTO 1500, available from Ultimation, is designed to transport pallet-scale loads weighing up to 4,000 lbs. autonomously through busy factories and warehouses. With a maximum speed of two meters per second (about 4.5 mph), the OTTO 1500 delivers more payload more quickly and efficiently than any other AMR in its class. Unlike manual pallet jacks and forklifts, the OTTO 1500 moves the heaviest payloads in complex conditions with speed, safety, and agility. It is most widely used to connect current automated processes, such as machining centers, welding cells, packaging cells, palletizers, or stretch wrappers.
Unlike automated guided vehicle (AGV) or cart (AGC) systems, which require a route or track to follow or use wires or lasers, warehouse robots read their environment using integrated sensors. Once an AMR has been assigned to a warehouse, it will move from point A to point B on a single order with no human intervention.
AMRs, when properly implemented, will also help increase the overall safety efficiency of a warehouse operation. AMRs can handle loads that humans cannot, and when equipped with the appropriate top module, they avoid the repetitive bending and stretching associated with loading and unloading. They are easy to incorporate, adaptable, and can be used to supplement current material handling systems without reconfiguring production lines or factory footprints.
Although warehouse robots provide tremendous flexibility, certain tasks, such as accumulating or buffering, are better suited to floor-mounted motor-driven roller conveyors or overhead control and free conveyors. “The optimal facility plan will take this into consideration and link material handling processes as an integrated whole,” Canny said.
Ultimation is the leading direct-to-consumer conveyor maker, specializing in resolving efficiency issues with quick-to-deploy solutions. The company develops, produces, and implements material handling equipment and has the capability of manufacturing automation components and subassemblies.
Ultimation Industries, LLC is a woman-owned industry leader in conveyor technology and automation. Ultimation, which was established in 1989, develops, manufactures, and installs machinery and equipment, automated devices, tire and wheel processing lines, and conveyor systems for customers all over the Americas. The firm has a line of proprietary automation systems and is also a Jervis Webb Conveyor Systems integrator. Ultimation's e-commerce channel offers conveyor equipment from Ultimation, Interroll, Itoh Denki, Jervis Webb, and other manufacturers. Ultimation was named one of the Inc. 5000's fastest-growing private businesses in America in 2020.