This week in Industrial: The convergence of IoT, AI, and sensor tech is setting the stage for systems that transact autonomously

Latest Industry Insights from Draup Braindesk

Organizations are using the Internet of Things and sensors in enhancing and automating their offerings. 

  • KONE signed an agreement with IBM to improve people’s movement in buildings, advance the speed and safety for elevator maintenance, remote monitoring, and servicing by deploying IBM’s Watson IoT Cloud Platform. 
  • Legrand’s subsidiary Netatmo introduced a smart indoor camera equipped with a motion and occupancy sensor using IoT to trigger the light to switch on when motion has been detected or send users a notification. 
  • Xylem focuses on the Internet of Things to create smart metering applications that allow customers to access detailed product information from any location using a smartphone. 

Organizations are keen on using technologies to reduce global greenhouse gas emissions. 

  • Babcock & Wilcox introduced the ClimateBright Decarbonization Technologies platform to reduce global greenhouse gas emissions. It also strengthens B&W’s clean energy progress.
  • ATLAS Copco launched Stage V compliant model to the QAC series of containerized generators that allowed operators to cut fuel consumption and enhance performance comply with environmental regulation. 
  • ThyssenKrupp Steel partnered with Equinor, Gas transmission system Operator OGE, to supply blue hydrogen to allow significant CO2 reductions, climate-neutral steel production in the short- and mid-term, and build the basis for potential investment decisions. 

Cloud computing has been used by major players in the industrial and manufacturing industries to optimize factory operations, increase efficiency, and provide more transparent and predictable business outcomes. 

  • Salesforce has announced Manufacturing Cloud -the industry-specific product that will align sales and operations to deliver more transparent and predictable business outcomes. 
  • AnyMind Group, a software solution provider, launched AnyFactory – a cloud manufacturing capability, allowing industries to produce various products in a minimum amount of time and better quality. 
  • Google Cloud partnered with Siemens to optimize factory processes and improve productivity on the shop floor. Siemens intends to integrate Google Cloud’s leading data cloud and AI/ML technologies with its factory automation solutions to help manufacturers innovate for the future. 

Latest Reports Published in Draup

Atlas Copco account intelligence report: Atlas Copco develops environmentally friendly energy storage systems which are low on fuel consumption. Its mobile compressors can be used in harsh conditions with optimal fuel efficiency and high productivity. Read More>>
Thyssenkrupp AG account intelligence report: Thyssenkrupp AG provides automotive body solutions in producing lightweight components, including development, prototyping, tooling, line construction, and in-house body parts production. Its revenue was reduced in FY2020 due to the pandemic-induced shutdowns. Read More>>

Key Funding Alert

MachineMetrics announces USD 20 Mn Series-B funding round 

MachineMetrics elevates manufacturing performance through autonomous machining. The company will use the funding to scale its platform globally and democratize access to the machine insights that power manufacturing operations. Read More>>

Startup Spotlight

Company –  Krenon 
HQ Location – Greater San Diego Area, US
Total Funding – USD 83 Mn
About: Kneron focuses on designing and developing integrated software and hardware on-device Edge artificial intelligence (AI) solutions for smart homes, smart surveillance, smartphones, robots, drones, and IoT devices. Read more>>

Key Insights and Signals in Industrial

Mergers and Acquisitions
IDEX Corporation completes acquisition of Airtech 
Airtech designs and manufactures a wide range of highly engineered pressure technology products, including vacuum pumps, regenerative blowers, compressor systems, and valves. IDEX is a company that has undoubtedly touched your life in some way. Read More>>
FARO Technologies Acquires HoloBuilder for USD 34 Mn 
FARO Technologies, Inc. is a global leader of 3D measurement, imaging, and realization solutions for the 3D Metrology, AEC (Architecture, Engineering & Construction), and Public Safety Analytics markets. HoloBuilder brings to FARO its leading photogrammetry-based 3D platform, which delivers hardware-agnostic image capture, registration, and viewing to the fast-growing Digital Twin market. Read More>>
nVent acquires CIS Global to strengthen global offering in data centers and networking solutions  
CIS Global is a provider of data center power solutions. The addition of CIS Global will strengthen nVent’s ability to provide protection, with innovative products to help manage heat and provide power solutions in data centers. Read More>>
Siemens acquires proFPGA product family from PRO DESIGN to expand industry-leading IC verification portfolio  
Through a prior OEM relationship with PRO DESIGN, proFPGA technology is already part of Siemens Xcelerator portfolio as part of its world-class suite of electronic design automation (EDA) IC verification offerings. Read More>>
Acuity Brands to acquire the ams OSRAM Digital Systems Business in North America 
The acquisition of the ams OSRAM North American DS business and addition of their team of associates will expand Acuity’s capabilities and its advanced LED driver portfolio, which currently includes the eldoLED® driver and IOTA® emergency driver brands. Read More>>
SMS Equipment announces collaboration with Wabtec Digital Mine to support Collision Awareness Systems in Canada 
The Wabtec CAS system uses multiple GPS constellations to provide equipment operators with visual situational awareness of all the traffic 3600 around them and warning alarms of potential interactions with other vehicles. Read More>>
Sulzer and Blue Planet announce partnership to develop CCUS solutions for the cement industry  
Sulzer Ltd. is collaborating with Blue Planet Ltd. on the further development and optimization of Blue Planets’ innovative carbon mineralization process for carbon capture, utilization, and storage (CCUS) solutions. Read More>>
XTREME-D announces technical alliance with Fujitsu 
The two companies are planning a series of joint activities through this alliance, starting with verification testing of the Fujitsu Supercomputer PRIMEHPC. AXXE-L supports all major HPC components required to run HPC / AI jobs and is designed to do everything within a web browser. Read More>>
Ossia and Sensata-Xirgo launch Wireless Power Trailer Tracker System 
Ossia, a specialist in wireless power, has announced a collaboration with Sensata-Xirgo Technologies to create the Cota-powered Trailer Tracking Yard Management Solution. The solution aims to solve misplaced trailers and containers at large distribution centers that serve major retailers and logistics company hubs. Read More>>
Cognizant extends its partnership with Aker Solutions to modernize its entire IT infrastructure 
Aker Solutions helps companies unlock energy from sources such as oil, gas, and offshore wind. As part of the five-year agreement, Cognizant will provide digital solutions and services, including designing, developing, and deploying mobile applications. Read More>>
Trimble (TRMB) boosts geospatial solutions via the latest alliance 
Trimble included a geotechnical portfolio backed by Worldsensing to the geospatial automated monitoring portfolio on the back of this partnership. Geotechnical IoT solutions will enable customers to provide solutions to a wide range of projects and access both product lines from a single source, resulting in faster and easier deployment. Read More>>
Executive Movement 
NN, Inc. names Mike Felcher as Chief Financial Officer
NN, Inc., a diversified industrial company, named Mike Felcher as Senior Vice President and Chief Financial Officer effective July 1, 2021. Before joining the company, he served as the Vice President, North America Chief Financial Officer for JELD-WEN, Inc., a publicly held, global manufacturer of doors and windows, from 2013 to 2017. Read More>>
Toshiba to drop two board members
Toshiba Corp said it would drop two existing directors from its board as major shareholders demanded accountability after a probe showed unfair practices in last year’s selection process. Read More>>
TTM Technologies, Inc. appoints Pamela B. Jackson as a new board member 
Ms. Jackson is a retired Vice President, Technology of Emerson Electric Company (Emerson), a leading global manufacturing and technology company based in St. Louis, Missouri. Ms. Jackson also became a Life Member of the Society of Women Engineers in 2017. Read More>>
Center setup and expansion
Otis Elevator to build a new line of digital elevators at Florence plant  
The Otis Elevator plant near Florence will be the location where the company will build one of two lines of digitally connected elevators. Otis Elevators recently introduced two new lines of digitally connected elevators, the Gen3 and Gen360 platforms, at an event held early last week. Read More>>
Wabtec opens 3D printing facility at Neighborhood 91 
Wabtec Corporation has officially kicked off operations at its new 3D printing facility at Neighborhood 91, located at Pittsburgh International Airports Innovation Campus. The new 11,000 square-foot facilities are dedicated to additive production and will grow the rail company’s 3D printing capabilities. Read More>>
Sulzer opens electric motor test facility 
Sulzer’s Pasadena service center has opened an extra-large capacity test center for AC and DC motors. The new test facility is part of a program of continued investment to serve users of large AC and DC motors. Read More>>
Boyd Corporation expands global footprint with a state-of-the-art facility in Vietnam 
Expanding Boyd Vietnam is in direct response to growing customer demand for regional manufacturing in Vietnam. Boyds expanded Vietnam site features lean, automated manufacturing and assembly processes for high volume production of complex thermal systems and multi-layered engineered materials. Read More>>
Deals and Deal Renewals
DOD taps Teledyne subsidiary for the development of wearable chemical detector 
A Teledyne Technologies subsidiary has secured a potential five-year contract with the Department of Defense to develop a chemical detector that can be worn by US troops for immediate danger detection or carried by an unmanned aerial system for remote reconnaissance. Read More>>
Wartsila to design Finland’s largest power-to-gas plant 
Finland’s Wartsila has signed a co-operation agreement with energy company Vantaa Energy for pre-engineering work on what is expected to be Finland’s largest power-to-gas project, the companies. The 10-MW plant in the city of Vantaa is due online in 2025 and will also be the first to produce carbon-neutral, synthetic methane on a commercial scale. Read More>>
General Atomics buys optoelectronic tech maker Synopta 
The acquired company will operate as General Atomics Synopta, establish a technical center of excellence and expand its European client base with customers in the US and other countries. Read More>>
Drax and Mitsubishi Heavy Industries sign negative emissions project deal 
Drax Group and Mitsubishi Heavy Industries Engineering, part of Mitsubishi Heavy Industries (MHI) Group, have agreed on a long-term contract for Drax to use its carbon capture technology, the Advanced KM CDR process. Read More>>
Metso Outotec to deliver technologies for precious-metals recycling plant 
Metso Outotec Corp. has received an order to manufacture key equipment to expand a precious metals recycling plant. Metso Outotecs equipment delivery consists of a direct-current (DC) furnace with feeding equipment and a process control system. Read More>>
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