prnewswire | January 20, 2021
Saw Mill Capital Partners II, LP and subsidiary private value venture reserves oversaw by Saw Mill Capital LLC (altogether alluded to in this as "Saw Mill") are satisfied to declare the securing of RND Automation ("RND"). "This securing speaks to an exceptional chance for iAutomation to extend its joining, vision, and advanced mechanics abilities while likewise giving an actual impression in the southeast," remarked Tim Nelson, Partner at Saw Mill. During these unprecedented occasions, the pandemic is reinforcing the situation for advanced mechanics and mechanization.
iAutomation has demonstrated throughout the long term that they are focused on going past and turning into the most complete asset for its customers and accomplices. This latest vital move with RND robotization demonstrates that responsibility and it is only the start. RND Automation is Florida's biggest custom mechanical technology, bundling, and gathering hardware producer settled in Lakewood Ranch, Florida.
"We are excited by this opportunity to partner with Saw Mill to take our growth to the next level," stated Sean Dotson, President of RND. "We have been partnering with Saw Mill's portfolio company, iAutomation, for the last couple of years and are impressed by the expansive enterprise Gregg Holst, CEO of iAutomation, and his team has built with Saw Mill."
"To now have a stand-alone affiliate company that when applicable will leverage our combined capabilities is extremely exciting," stated Gregg Holst, CEO of iAutomation. "We now will be able to round out our goal of having capabilities in all three of the critical industrial automation disciplines: motion control, vision, and robotics. Together we will be able to deliver best in class capabilities and services to our collective customer base and beyond."
Saw Mill is focused on aiding all its portfolio organizations accomplish their full development potential, both naturally and through essential acquisitions. All of Saw Mill's Fund II portfolio ventures, including iAutomation, are effectively looking for acquisitions.
ABOUT RND AUTOMATION
Based in Lakewood Ranch, FL, RND Automation designs, engineers and integrates automation solutions for packaging and assembly applications in the medical device, life sciences, and consumer products sectors, among others.
Headquartered in North Attleborough, MA, iAutomation is a designer and distributor of innovative automation products, solutions, and services to the world's leading manufacturers of technologically advanced automated equipment.
prnewswire | December 07, 2020
Atlantic Packaging reports the dispatch of a recyclable can transporter framework, Fishbone, to supplant plastic ring handles. The Fishbone drink transporter is a curbside recyclable, biodegradable, and execution tried item that will take out single utilize plastic from refreshment bundling.
Single use plastics are a known danger to our current circumstance, creating a great many huge loads of pointless waste each year that advances into our waters and separates into microplastics. These microplastics disturb whole biological systems and cause extraordinary mischief to turtles, natural life, ocean winged creatures, and the marine life that ingests them.
Fishbone replaces single use plastics with paper-based can transporters that utilization fundamentally less material than full overwrap paperboard containers. Fishbone transporters are accessible for standard jars just as Alumi-Tek bottles in both 4-pack and 6-pack arranges and are fixed with a recyclable, compostable water-based boundary covering for dampness opposition. Fishbone would carriers be able to arrive in an assortment of choices intended to supplement any brand and to convey the brand's obligation to manageability. Custom printing and illustrations are additionally a possibility for interesting marking openings on the transporter.
Transparency Market Research | August 24, 2021
Advantages of AI to automate and simplify the process of manufacturing and developing products to offer substantial potential in improving product engineering services
Prospects of integration of host of functionalities, including supply network integration to expand into the product lifecycle could bolster growth of the product engineering services market
The growth of the product engineering services market stems from efforts of businesses to serve the rising demand for faster product launch via a channeling entirely new engineering service that has come to the surface.
Product engineering services are available at various stages during a product's lifespan, from conception to completion. During the forecast period, from 2021 to 2031, the global product engineering services market is expected to grow at a CAGR of 8.8% in terms of revenue.
Buyers are always on the lookout for the most up-to-date functionalities and features with rapid turnaround times, whilst companies want higher quality and lower costs from product makers.
Product engineering service constitutes engineering consulting practice that designs and develops products employing a variety of IT services solutions, embedded software, and hardware. Independent Software Vendors (ISVs) are increasingly embracing cloud, mobile, and social media technologies to reduce costs, accelerate innovation, and trigger product creation in today's highly competitive business environment.
With product engineering solutions, various product engineering firms help software product organizations become more flexible and adaptive toward the changing product engineering services market. Product engineering services additionally include training on how to manage product development applications according to a set of guidelines. It also evaluates the process from conception through commercialization.
As AI in product engineering simplify and automate the process of manufacturing and developing goods, its integration is anticipated to offer substantial potential in product engineering upgrades and development. In addition, the implementation of AI in product engineering also saves processing time and aids businesses or industries in increasing production. As a result, incorporating AI for the development of improved product engineering services will greatly enhance the productivity in order to satisfy engineering demands.
Moreover, integrating AI in product engineering services is an applied field that employs a platform to automate and streamline workflow and offer valuable industry insights. For product sustainability and innovation, industries and companies are incorporating sophisticated product engineering services across the whole product lifecycle.