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…managed by Palantir Technologies Inc., Caterpillar Venture Capital Inc., Schlumberger, and JAWS Estates Capital LLC. Upon closing, the combined company’s common stock is expected to trade on Nasdaq under the ticker symbol “STRC.” The transaction represents an enterprise value of $1.3 billion, plus a potential earnout of an additional $281 million based on the combined company’s future share trading price,…
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Caterpillar is sponsoring a new partnership with South Dakota Mines that explores technologies such as autonomous robotic mining, software used to manage mining and construction operations, and new equipment that increases efficiency and safety. These technological advancements will increase sustainability of the earth’s natural resources while improving productivity and promoting economic development, the collaborators say. South Dakota Mines will help…
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…retired senior learning consultant at Caterpillar Inc., is this year's honoree. Harrelson is being acknowledged because of his lifelong contributions to manufacturing; commitment to serving as a role model and motivator for young engineers; and his long-term, active involvement in SME. 2020 Ronald P. Harrelson Outstanding Young Manufacturing Engineers: Daniel R. Cooper, Ph.D., University of Michigan Ann Arbor, Michigan Gabriela…
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…in manufacturing: Electrolux, Ford, and Caterpillar, have continued to push the industry forward with innovations in materials, speed, and costs. Electrolux | 3D Print On Demand to Lower Costs As the company moves toward “smart factories” for the production and manufacturing of its domestic appliance products, Electrolux, a Swedish domestic appliance manufacturer, is embracing 3D printing for the manufacturing of…
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…Speaker Tana Utley, vice president, Caterpillar Inc. discuss how she has navigated her 30+ years at Caterpillar. Registration and more information about the event is available online. The Pack Expo Drone Demo – “Packaging for the Last Mile” interactive display is another addition to the Pack Expo Las Vegas show floor. Electric truck and drone maker Workhorse is partnering with…
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…iNovia Capital with participation from Caterpillar Ventures, GE Ventures, Eclipse Ventures, RRE Ventures and Silicon Valley Bank. Clearpath will use the funding to grow the company’s industrial division, OTTO Motors. Clearpath launched OTTO Motors in 2015 to focus on self-driving vehicles for material transport inside manufacturing and warehouse operations. “Factories operate like small indoor cities, complete with roads, traffic, intersections…
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…global resource deployment champion with Caterpillar, put it, simply adding more human labor to mounting operational pressures won’t cut it. “We are really going to have to automate and use robotics, because if we try to do this in a warehouse-type setting with manual labor, it’s going to take a legion of people,” he said. In MHI’s industry report there…
From geometry preparation to AI-assisted analysis, integrated CFD workflows…
Software-based GripperAI manages mixed picking through basic geometry
Safety, communication and motion control components enable smooth operation
North America’s largest robotics and automation event winds down
