ROBOTICS AND AUTOMATION

BYD and Nuro Partner to Develop an All-Electric Autonomous Delivery Vehicle

BYD | January 18, 2022

BYD and Nuro Partner
On January 17, BYD Co., Ltd. announced collaboration with renowned autonomous vehicle manufacturer Nuro to commence mass production of the company's third-generation electric autonomous delivery vehicle. The cooperation is projected to expand Nuro's cheap, environmentally friendly, and convenient services to millions of consumers nationwide.

"BYD will leverage the manufacturing capacity of our Lancaster plant by finishing assembly of globally sourced hardware components to support Nuro and bring more jobs to the community,Together we will build this autonomous delivery vehicle, with the mutual goal of creating a safer environment on streets across the United States."

-Stella Li, Executive Vice President of BYD Co. Ltd. and President of BYD North America

This news follows Nuro's $600 million Series D fundraising round, headed by Tiger Global Management with participation from additional investors and concluded in Q4 2021.

Nuro's third-generation autonomous delivery truck, which will combine the superior technology of both partners, will have a larger payload and enhanced safety features. With twice the cargo capacity of Nuro's existing R2 model, the automotive production-grade vehicle will also have modular storage inserts and new temperature-controlled chambers to keep items warm or cold. In addition, external airbags provide additional protection for pedestrians outside the car, as does a multi-modal sensor suite comprised of cameras, radars, lidar, and thermal cameras that create a redundant 360-degree picture of the world.

Nuro was formed in 2016 by Jiajun Zhu and Dave Ferguson, two former Google self-driving vehicle team lead engineers. Nuro has deployed two generations of autonomous cars, initiated delivery services with industry heavyweights such as Domino's, Kroger, and 7-Eleven, and announced a multi-year relationship with FedEx.

"BYD is one of the largest OEM networks of electric vehicles in the world, and we are thrilled to partner with them to help us move one step closer to scaled commercial operations,  At our new facility here in America, we look forward to transforming the hardware components of BYD’s globally sourced electric vehicle platform into innovative autonomous vehicles capable of operating on public roads at our new facility. Through our partnership with BYD, we plan to produce autonomous vehicles at a scale that can improve road safety, air quality, and overall access to goods."

-Jiajun Zhu, Nuro co-founder, and CEO

As a market leader in the NEV sector, BYD has pioneered several electrification technologies. BYD is collaborating with Nuro on vehicle development, manufacture, and early vehicle testing and providing hardware such as the Blade Battery, electric motors, electronic controllers, and displays for human-machine interfaces. Nuro is a technology platform that includes autonomous driving, control modules, and sensors. BYD will complete the construction of the hardware platform in its Lancaster, California, factory using components purchased from around the world. Nuro will subsequently finish the vehicle production process by installing and testing the autonomous technologies required operating the platform at the company's new facility in southern Nevada.

Spotlight

Extel Technologies is a global operation that designs and engineers around 2,500 hi-tech products, made up of more than 22,000 component parts. As the business became more complex, Extel Technologies’ old ERP system struggled to keep up. It upgraded to NetSuite to get full transparency of its manufacturing processes, which includes an intricate supply chain and sophisticated warehousing system. CEO Bruce Fitzgerald says he and his team can now easily drill down into problem areas, which has led to a 20% increase in manufacturing efficiency.

Spotlight

Extel Technologies is a global operation that designs and engineers around 2,500 hi-tech products, made up of more than 22,000 component parts. As the business became more complex, Extel Technologies’ old ERP system struggled to keep up. It upgraded to NetSuite to get full transparency of its manufacturing processes, which includes an intricate supply chain and sophisticated warehousing system. CEO Bruce Fitzgerald says he and his team can now easily drill down into problem areas, which has led to a 20% increase in manufacturing efficiency.

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MANUFACTURING TECHNOLOGY

Helios Technologies to Acquire Schultes Precision Manufacturing

Helios Technologies, Inc. | January 19, 2023

Helios Technologies, Inc., a global technology leader in the hydraulics and electronics markets, has signed a definitive agreement to acquire Schultes Precision Manufacturing, Inc. Schultes, a precision machined components and assemblies manufacturer for customers with extremely tight tolerances, excellent quality, and exceptional value-added manufacturing process requirements. Schultes consistently delivers manufacturing quality, reliability, and responsiveness crucial to its customers' success and is currently serving the communication, hydraulic, aerospace, food services, medical devices, and dental industries. Schultes acquisition will help Helios move into new end markets with complementary manufacturing expertise and favorable secular tailwinds. It will also open new avenues into communication, food services, communication, as well as the life sciences sector, including those for medical devices and dental applications. As a strategic partner, Schultes, gives Helios more depth in manufacturing processes which can be used to expand its "in the region for the region" strategy. In 2022, Schultes had roughly $30 million in revenue, and currently operates from its newly expanded 110,000 square foot facility based on seven acres with roughly 20,000 square feet of additional space for future growth. In addition, Schultes provides rapid growth applications to its customers, from prototype to full-rate production. Josef Matosevic, Helios’ President and Chief Executive Officer, said, “Schultes is an excellent bolt-on flywheel acquisition to add to our Hydraulics segment. It brings process technology and know-how that advances our ability to serve our customers with a broader product and solutions portfolio.” He further added, “It also expands and diversifies our markets and continues to optimize our manufacturing and operating footprint. Schultes is yet another strong standalone business with a healthy margin profile that fits perfectly into our Hydraulics business. This transaction is another milestone that further validates that we are making great progress against our augmented strategy and long-term goals.” (Source – Businesswire) Helios expects the acquisition to be completed in the first quarter of 2023, subjected to customary closing conditions. The terms were not disclosed. About Helios Technologies, Inc. Helios Technologies is a leading motion control and electronic controls technology provider for a wide range of end markets, such as agriculture, construction, energy, material handling, recreational vehicles, maritime, and health and wellness. It develops and manufactures innovative products and solutions, including customized electronic control systems, hydraulic cartridge valves and quick-release couplings. Helios' products are sold to customers in over 90 countries worldwide. The company's growth plan is to be the leading provider of premier products and solutions in niche areas through innovative product creation and acquisition.

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MANUFACTURING TECHNOLOGY

Matterport’s Digital Twin Platform to Support John Deere’s Worldwide Operations

Matterport | February 01, 2023

Leading spatial data firm, Matterport,Inc., recently announced the selection of its 3D capture technology and Digital Twin Platform by John Deere. The implementation allow remote management of over 60 John Deere’s facilities spread across South America, North America, Asia and Europe via a virtual operation center. The company’s platform will create digital replicas of John Deere’s manufacturing facilities, allowing teams to collaborate, plan the site changes, and track progress. To enhance site operations, John Deere will take 4K resolution digital twins with spatial accuracy using Matterport's Pro2 and Pro3 cameras. Employees at John Deere can remotely access any facility's digital twin using Matterport's digital twin technology in order to track materials and assets, keep an eye on vehicles, and integrate real-time IoT data streams. Within the digital twin, real-time collaboration increases productivity while lowering the need for expensive site visits. Jay Remley, Matterport’s Chief Revenue Officer, said, “We’re proud to support John Deere on their journey to reinvent manufacturing operations.” He further added, “For global businesses with facilities spread across several regions and time zones, the ability to remotely optimize each space based on its own unique parameters is a critical unlock for operations management. Our digital twin platform enables companies to reap real productivity gains and cost savings by digitizing their operations for more efficient maintenance, remote monitoring and improved decision making.” (Source - GlobeNewswire) About Matterport Matterport is leading spatial data solutions provider. The solutions are targeted at indexing and digitizing the built environment. Using a digital twin, enterprises can transform their built spaces into immersive, accurate digital twins to create, plan, comprehend, operate and promote any environment with Matterport’s proprietary 3D data platform. The spatial computing platform helps convert build structures into data, using every location and enhancing the overall value.

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MANUFACTURING TECHNOLOGY

Rootstock Software® and Nanophase Technologies Showcase Cloud ERP Success at the First-ever Salesforce Manufacturing Summit

Rootstock Software | December 06, 2022

Rootstock Software, the #1 Manufacturing ERP on the Salesforce Platform, is providing manufacturers like Nanophase Technologies with the modern technological capabilities and strategies to adapt and succeed in their digital transformation initiatives. Today, manufacturers are at the center of a maelstrom, fighting to stay ahead of customer demand, striving to move from “just in time” to “just in case” supply chains, and realizing their ERPs are ill-equipped to keep pace with this level of change. “Today, many manufacturers are coping with legacy ERP solutions, We sponsored the Manufacturing Summit to bring industry leaders together to discuss their most pressing concerns and to learn how modern technologies like Rootstock Cloud ERP can help them facilitate greater supply chain collaboration, continuously improve their operations, and get more from their IT spend. Natively connecting manufacturing applications on the Salesforce Platform results in a ‘manufacturing operating system’ that can be tailored to almost any manufacturer.” -Stu Johnson, VP of Product Marketing at Rootstock Software. The first-ever Salesforce Manufacturing Summit was held in Chicago on Dec. 1. This full-day event was free to leaders of manufacturing companies, distributors, and supply chain organizations. The Summit included customer speakers, product demos, and roundtable discussions. Rootstock’s breakout session, “Next Gen Manufacturing ERP,” featured a customer success story. H. Glenn Judd, VP of Engineering at Nanophase Technologies, outlined key milestones along his company’s journey to an end-to-end manufacturing operating system. "It was a pleasure to present with Rootstock at the Manufacturing Summit, We selected Rootstock because it’s ‘the choice’ for a manufacturing ERP built on the Salesforce Platform. This selection translated into seamless integration with other ecosystem applications and a lower cost of ownership. Overall, we were able to reduce our order fulfillment cycle by 30%. We established a number of real-time operational metrics that helped us respond to changing market conditions. And we’ve seen significant improvements in work efficiencies and reduced our IT burden by 25%—we expect to reduce this burden even further in the near future.” -H. Glenn Judd, VP of Engineering at Nanophase Technologies. If you’re interested in learning more about Nanophase and its use of Rootstock, you can read and watch more of this company’s story online. Or, if you missed the Summit but are interested in meeting with Rootstock, be sure to check out our other upcoming events—the next one will be the Salesforce “Success Now” World Tour in New York City on Dec. 8. About Rootstock: At Rootstock Software, our connected Manufacturing Cloud ERP enables hundreds of manufacturers, distributors, and supply chain organizations to turbocharge their operations in a dynamic, post-pandemic world. With our solution natively built on the Salesforce Platform, our customers leverage the industry’s leading Cloud ERP, Rootstock, to connect with their suppliers, trading partners, and the broader ecosystem. Ranked as a leader in the ERP Value Matrix by industry analysts, Rootstock has vertical expertise in discrete manufacturing, medical devices and high-tech verticals. Rootstock team members partner with customers as trusted advisors in driving change and transformation to what’s next.

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