GE Digital | August 05, 2022
Ernst & Young LLP (EY US) and GE Digital today announce an alliance to help organizations transform their manufacturing operations. The alliance combines the proven sector excellence and technology consulting services of EY US with the more than 100 years of manufacturing experience and rich digital technology of GE.
With the rapidly growing demand for modernized manufacturing systems, companies are seeking to gain a competitive advantage by expediting their digital transformation journey. As critical key performance indicators (KPIs) for the industry include the need for operational efficiency, quality management improvement, loss reduction and energy efficiency, the EY−GE Digital Alliance will provide solutions and guidance on ways to increase productivity while lowering costs.
GE Digital is an industry leader in developing software for manufacturing. The business helps foster deeper integration between the enterprise resource planning layer of an organization's technology landscape with its equipment on the shop floor. GE Digital's software tools can be fit to meet the various challenges accompanying the growing manufacturing system market, including improving quality, uptime and operations performance.
The manufacturing technology service of EY US, which has been growing over the last 20 years, has proven experience implementing GE Digital software tools for more than 40 different clients spanning various industrial sectors.
Through this alliance, manufacturers can also leverage support from EY US teams to implement and integrate GE Digital software to develop more data-driven manufacturing operations.
"I am excited to see EY US and GE Digital joining forces to help manufacturers achieve their business outcomes building a fit-for-purpose enterprise manufacturing technology landscape. The EY−GE Digital Alliance will harness the combined power of technology, services and solutions, industry insights, system integration and consulting experience of the two organizations to optimize the value chain for companies throughout the industry."
-Scott Dixon, Digital Manufacturing Leader, Ernst & Young LLP.
Richard Kenedi, GE Digital General Manager, Manufacturing and Digital Plant, says Software is mission-critical to accelerating transformation in industry today. The alliance brings together leaders in software solutions and technology services to help industrial companies solve their toughest challenges. Software supports corporate initiatives including continuous improvement, compliance, sustainability and global competitiveness. Companies want those solutions to be working quickly and efficiently so they can see fast time to value. Working with EY US creates that synergy needed to pursue business opportunities.
EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws.
About GE Digital:
GE Digital transforms how our customers solve their toughest challenges by putting industrial data to work. Our mission is to bring simplicity, speed, and scale to digital transformation activities, with industrial software that delivers breakthrough business outcomes. GE Digital's product portfolio – including grid optimization and analytics, asset and operations performance management, and manufacturing operations and automation – helps industrial companies in the utility, power generation, oil & gas, aviation, and manufacturing sectors change the way industry works.
Essentium | September 26, 2022
Essentium, Inc., a worldwide leader in industrial additive manufacturing (AM), today announced it is partnering with Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) ("Company"), the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, to offer manufacturers a fully integrated AM machine and materials solution. Combining the Essentium High Speed Extrusion (HSETM) 280i HT 3D Printer with Braskem's polyolefin materials will unlock affordable, sustainable, and rapid volume production of 3D printed thermoplastic components.
Braskem offers a unique line of recycled materials specifically formulated for additive manufacturing solutions. Sourced primarily from recycled bottle caps, their recycled filaments come in both unfilled and carbon fiber-filled versions. The FL605R-CF carbon fiber-filled formulation utilizes both recycled bottle caps as well as 100% recycled carbon fiber for additional strength and durability. These environmentally friendly filaments offer differentiated materials properties such as low density as well as water, chemical, and impact resistance making them an attractive material for many 3D printing applications across industries.
Together Braskem and Essentium will be able to further unlock the possibilities of these materials by leveraging the advanced functionality of the Essentium HSE 280i, the first truly independent dual extrusion system (IDEX) providing an open platform with precision control over printing conditions and high printing speeds, enabling rapid production of parts with repeatable results.
"Our partnership with Essentium is a huge win for manufacturers worldwide. The fact that Essentium offers a high-speed, open platform means that manufacturers can now benefit from sustainable and responsible material options that are also extremely affordable. Together with Essentium, we are democratizing 3D printing and providing a competitive option to more industries."
-Jason Vagnozzi, Braskem's Global Commercial Director of Additive Manufacturing.
The partners are committed to delivering a full-service AM experience to bring this new level of capability and sustainability to customers.
"With Braskem, we have a true partner who shares our commitment to developing sustainable solutions to accelerate industrial-scale additive manufacturing. Polyolefins are ideal for AM due to their recyclability, impact strength, chemical resistance, and durability. This makes them a great choice for automotive, aerospace, biomedical, and packaging applications. Our partnership with Braskem will empower manufacturers with integrated solutions as AM moves towards prime time in their industries."
-Blake Teipel, Ph.D., CEO, Essentium.
Essentium, Inc. provides industrial 3D printing solutions that are disrupting traditional manufacturing processes by bringing product strength and production speed together, at scale, with a no-compromise engineering material set. Essentium manufactures and delivers innovative industrial 3D printers and materials, enabling the world's top manufacturers to bridge the gap between 3D printing and machining and embrace the future of additive manufacturing. Essentium, Inc. is AS9100 certified and ITAR registered.
With a global vision of the future oriented towards people and sustainability, Braskem is committed to contributing to the value chain for strengthening the Circular Economy. The petrochemical company's almost 8,000 team members dedicate themselves every day to improve people's lives through sustainable chemicals and plastics solutions. Braskem has an innovative DNA and a comprehensive portfolio of plastic resins and chemical products for diverse segments, such as food packaging, construction, manufacturing, automotive, agribusiness, healthcare, and hygiene, among others. With 40 industrial units in Brazil, the United States, Mexico and Germany, Braskem exports its products to clients in more than 70 countries.
LG Energy Solution | August 01, 2022
LG Energy Solution (LGES; 373220) continues its efforts to foster next generation battery technologies by inviting start-ups in the industry. The battery manufacturer said it is hosting the 'LGES Battery Challenge 2022,' an international competition to identify start-ups for potential investment and collaboration.
Through the program, LGES is bringing together up and coming battery start-ups to keep pace with the fast-developing industry, as growing number of economies transition to renewable energy. This is the third time the company is hosting the competition.
Start-ups, with the specialty in battery related technology, can take part in this year's Battery Challenge. This year's program largely focuses on three major categories: battery technologies on materials, management and control, and smart factory. As many as 10 start-ups will be selected as finalists and each will receive funding as well as opportunity for cooperation with LGES.
"By utilizing programs like Battery Challenge and Open Innovation, LGES aims to maintain its leading position in the battery industry, LGES will continue to expand battery-related research with promising start-ups as well as distinguished scholars and academic organizations around the world."
-Youngjoon Shin, CTO of LG Energy Solution.
Applications will be accepted through September 16 on the official website (www.lgesbatterychallenge2022.com), which is set to go live on August 1 at 9AM (KST).
About LG Energy Solution:
LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 24,000 patents. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V. and Hyundai Motor Group. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture.