Globenewswire | March 28, 2023
Tempo Automation Holdings, Inc., a leading software-accelerated electronics manufacturer, announced today that it has entered into a definitive agreement to acquire Optimum Design Associates, Inc. and Optimum Design Associates Pty. Ltd. (collectively “Optimum” or “Optimum Design Associates”), a fast-growing electronic design services company with offices in the United States and Australia that has delivered over 10,000 printed circuit board (PCB) designs to blue-chip customers. By vertically integrating electronic design and manufacturing, Tempo expects to be able to engage with customers even earlier in their product design process, streamlining the hardware development journey and providing a more efficient and faster way to get electronic products to market. The anticipated benefits of the acquisition include access to Optimum’s experienced engineering team and cross-selling opportunities to expand the customer base. The transaction is expected to close in the second quarter of this year.
“This acquisition will be a significant step toward our vision of transforming the speed and quality of electronics prototyping,” said Joy Weiss, CEO of Tempo Automation. “As onshore electronics development and manufacturing continues to grow, the need for innovation in the end-to-end automation sector grows as well. Our industry has been fragmented and siloed, so we designed Tempo’s Accelerated Manufacturing Platform as a hub for industry consolidation and vertical integration.”
Nick Barbin, Co-founder and President of Optimum, added, “Our proprietary design management tools and library services are natural extensions to Tempo’s Accelerated Manufacturing Platform. The acquisition is an efficient way for us to accelerate our roadmap and offer PCB assembly services to our customers. We’re excited to join forces with Tempo and contribute to their mission of revolutionizing the electronics industry.”
Optimum’s experienced engineering team is recognized for its expertise in complex electronics designs with advanced constraints, with specialized skills in Radio Frequency (RF), Mixed Signal, and FPGA designs that are at the heart of most modern communication and mobility systems. Tempo has a track record of rapidly manufacturing similar complex designs and helping customers get their products to market quickly. Tempo believes that the opportunities to cross-sell design and manufacturing services will be natural synergies for the combined company.
Tempo recently added powerful new tools to its Accelerated Electronics Manufacturing Platform, enabling its customers to hedge against electronics components market volatility. Customers can secure critical components early with Tempo and apply them to their many prototype and on-demand production builds. Optimum’s engineers will be able to tap into these tools to ensure that new electronic designs incorporate components that can be readily sourced and offer to have these pre-purchased and managed for the customer.
About Tempo Automation
Tempo is a leading software-accelerated electronics manufacturer, transforming the way top companies innovate and bring new products to market. Tempo Automation’s unique automated manufacturing platform optimizes the complex process of printed circuit board manufacturing to deliver unmatched quality, speed and agility. The platform’s all-digital process automation, data-driven intelligence, and connected smart factory create a distinctive competitive advantage for customers—to deliver tomorrow’s products today. From rockets to robots, autonomous cars to drones, many of the fastest-moving companies in industrial tech, medical technology, space, and other industries partner with Tempo Automation to accelerate innovation and set a new tempo for progress.
PROCUREMENT & SUPPLY CHAIN
Prnewswire | April 06, 2023
Overhaul has partnered with MCA Connect to offer a comprehensive set of integrated capabilities spanning the value chain. Overhaul provides software-based, supply-chain visibility, risk, compliance, and insurance solutions for the world's leading brands. MCA Connect is a systems integrator and business consultancy that helps manufacturers succeed by unlocking innovation with actionable business insights.
Organizations can add these robust intelligence capabilities in a matter of weeks versus months. As a result, companies can make positive, tangible progress in gaining a holistic vision over their operations.
The combined capabilities are powered by both organizations' experts in supply chain, logistics, manufacturing, and data science. Overhaul's real-time visibility and 24/7/365 risk management system gives customers a control-tower view of operations, while MCA Connect's Inspire Platform optimizes data for analytics and spurs smarter decisions.
"We don't know what the next supply chain constraint will be, but we do know our customers will need detailed, immediate analyses at every step of the process to easily move past it. Partnering with MCA Connect ensures our customers can meet the demands of today and tomorrow," said David Warrick, Executive Vice President of Enterprise Division at Overhaul. "Our combined capabilities offer actionable insights that will help organizations better mitigate risk and make more informed decisions with the most up-to-date data. This partnership supports our mission to provide the most comprehensive, intelligent, and resilient supply chain platform on the market."
Overhaul enables organizations to increase visibility so they can better manage any shipment in real-time and alleviate the impact of uncertainty. Its hybrid model has seen unprecedented success: Overhaul currently has a 96% full truckload cargo theft recovery rate and an 80% loss ratio reduction compared to insurance industry benchmarks. It is expected to track more than $1 trillion in total moving cargo in 2023.
For more than 20 years, MCA Connect's seasoned experts have helped manufacturers reduce end-to-end lead times, eliminate waste and extra inventory, and improve profitability. MCA Connect Inspire Platform consolidates that data and best optimizes it for analytics, helping customers make better and more timely decisions.
"More than ever, supply chain organizations are acutely aware that time is money. One late shipment or lost or damaged container can mean tens of millions in work-in-progress inventory and lost sales," said Doug Bulla, Senior Vice President Solution Development at MCA Connect. "Together with Overhaul, we can help our mutual customers unlock the power of real-time insights, prediction, and automation from planning to procurement, production, fulfillment, and delivery to the end customer in a matter of weeks."
Overhaul and MCA Connect share a mutual relationship with Microsoft. Both were selected as launch partners for the Supply Chain Center and Supply Chain Platform to offer more customers their forward-thinking solutions and create more agile global supply chains — a testament to the organizations' robust knowledge. Overhaul and MCA Connect will continue to keep their mutual clients on the front foot.
Founded in 2016 and headquartered in Austin, Texas, Overhaul is the only device-agnostic supply chain visibility and risk management software company. As the global leader in in-transit supply chain risk management, Overhaul transforms real-time visibility into risk management, compliance, and insurance solutions for its partners. Its software-based approach offers high configurability and efficient time-to-value to supply-chain organizations without heavy tech. Overhaul is a trusted provider for Fortune 100 companies moving freight globally across industries, such as pharmaceutical and healthcare, technology, logistics, and food and beverage. Customers include Microsoft, Bristol Myers Squibb and many others.
About MCA Connect
Through passion and deep industry expertise, MCA Connect helps manufacturers succeed by unlocking innovation with actionable business insights. Our strategic solutions, innovation, and industry intelligence help manufacturers solve critical issues, modernize operations, and gain a competitive edge.
Globenewswire | March 24, 2023
3D Systems today announced its collaboration with TE Connectivity, a world leader in connectors and sensors, to jointly develop an additive manufacturing solution to produce electrical connectors meeting stringent UL regulatory requirements. The solution comprising 3D Systems’ Figure 4® Modular, Figure 4 material, 3D Sprint® software, and services was designed to meet TE Connectivity’s unique requirements for material performance and high tolerance, reliable printing. The foundation of the solution is a newly developed photopolymer 3D Systems engineered specifically to meet TE Connectivity’s requirements. In addition to a world-class flammability rating at 0.4mm thickness, it is the first known printable photopolymer to complete a UL®1-recognized long-term thermal aging (RTI) study. This material combined with an optimized print process enables the necessary reliability and accuracy required for TE Connectivity’s products. Using 3D Systems’ Figure 4 technology, the combination of new material properties, speed, and accuracy allows the production of rugged industrial products for the first time, targeted at appliances, cellular and data-center applications. Additive manufacturing provides TE Connectivity freedom of design to create complex geometries that would be difficult to create using injection molding. It increases flexibility for low volume, quick turn production runs, and tooling avoidance, allowing TE to quickly demonstrate its capabilities and its customers to more efficiently meet demand.
3D Systems’ Application Innovation Group (AIG) collaborated with TE Connectivity’s team to develop a full production workflow from design to a finished connector. The program included the development and UL certification of a new Figure 4 material. UL regulatory approval has been obtained, including UL94 V0 flame rating at 0.4mm, Glow Wire Ignition (GWI) of 800°C, Comparative Tracking Index (CTI) of 600V (equivalent to a PLC of 0), and Relative Temperature Index (RTI) for long-term electrical and mechanical use of 150C and 130C, respectively.
“As 3D printing technology evolves, we’re seeing more opportunities for using it to manufacture products for customers who need a low volume of parts in a short timeframe,” said Philip Gilchrist, VP and segment chief technology officer for Communications Solutions at TE Connectivity. “Our work with 3D Systems enables us to provide our customers with functional parts in just weeks instead of months.”
“Customer-centric innovation is at the core of everything we do,” said Reji Puthenveetil, executive vice president, industrial solutions, 3D Systems. “The collaboration with TE Connectivity provided the understanding and requirements of the unique application being addressed and enabled the development of the solution. Our materials scientists and print process experts worked very closely with the TE team to formulate a material that, when used in conjunction with our Figure 4 technology, delivered on the high quality, high-reliability standards their customers have come to expect. This is yet another example of how 3D Systems is partnering with industry leaders to accelerate innovation and build competitive advantage through additive manufacturing solutions.”
About 3D Systems
More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction - empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials, and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in healthcare and industrial markets such as medical and dental, aerospace & defense, automotive, and durable goods.
About TE Connectivity
TE Connectivity is a global industrial technology leader creating a safer, sustainable, productive and connected future. Our broad range of connectivity and sensor solutions, proven in the harshest environments, enable advancements in transportation, industrial applications, medical technology, energy, data communications and the home. With more than 85,000 employees, including over 8,000 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS.