Autodesk Q1 Revenue Down 4% to $1.42B with $252M Profit

Leave a reply

SAN FRANCISCO, CA, June 12, 2024 – Autodesk, Inc. reported financial results for the first quarter of fiscal 2025. This quarter’s revenue stood at $1,417M, 3.5% down compared to $1,469M of fourth quarter of fiscal 2024, with a profit of $252M.

Comparative analysis based on Autodesk’s financial results in the last 12 quarters (Result source Autodesk website)

Comparative analysis based on Autodesk’s financial results in the last 12 quarters (Result source Autodesk website)

“Autodesk is ahead of its peers in 3D AI and the industry clouds, platforms, and business model evolution that will be needed to deliver 3D AI products and services at scale. We can already use generative AI to quickly generate functional 3D shapes from a variety of inputs including 2D images, text, voxels and point clouds. We are well on the way to reasoning about all CAD geometry,” said Andrew Anagnost, Autodesk president and CEO. “We intend to retain and extend this lead while also driving to an industry-leading ‘Rule of Forty’ ratio of 45 or more.”

A complete chart of the financial results is available here.

About Autodesk

Autodesk is changing how the world is designed and made. Their technology spans architecture, engineering, construction, product design, manufacturing, media and entertainment, empowering innovators everywhere to solve challenges big and small. From greener buildings to smarter products to more mesmerizing blockbusters, Autodesk software helps their customers to design and make a better world for all.

For more information, visit autodesk.com.

Hilscher Introduces sensorEDGE IO-Link Masters

Leave a reply

Hilscher has introduced two new Edge IO-Link masters to help customers modernize their machines and plants through instant IO-Link machine monitoring. The new devices can connect directly to Ethernet-based IT infrastructures without the need to interface with existing communication networks and their control systems.

The new Edge IO-Link masters come in two versions:

  • sensorEDGE – Based on a central platform, this complete system allows you to remotely monitor up to eight IO-Link sensors. Requiring only a power supply and an internet connection, the sensorEDGE box transmits data into the cloud at one-second intervals for direct analysis.
  • sensorEDGE FIELD – Featuring two container engines and optional cloud support, sensorEDGE FIELD connects up to eight local IO-Link sensors and includes an open computing platform for your own software with centralized management.

sensorEDGE devices combine computing power and IO-Link master technology in one IP67-rated housing. In addition, Hilscher’s centralized edge management platform allows users to manage the new devices easily either locally or via the internet.

For more information about Hilscher sensorEDGE IO-Link masters, visit www.hilscher.com.

About Hilscher

Hilscher has stood for trendsetting automation solutions for over 35 years. A family-owned company, it has grown to one of the world’s leading suppliers of industrial communications solutions — with over 400 employees located across 13 subsidiaries in 11 countries. Hilscher supports its global customers with innovative products and services to integrate devices, machines and plants into industrial networks. Its solutions represent quality, efficiency and flexibility — from PC-based Real-Time Ethernet and fieldbus networks to edge solutions and the cloud.

AZCO Acquires S-Y-M Products Company

Leave a reply

AZCO Corp announces it has acquired S-Y-M Products Company, a manufacturer and distributor of automatic tube coiling machines. With this move, AZCO has added S-Y-M’s Mini-Winder and other coiling and winding equipment to its already expansive lineup of feeding and cutting machines.

Ideal for assembling and packaging tubing and wire sets, the Mini-Winder increases production output while preventing hand and wrist Injuries. The machine counts the number of revolutions required to complete the coil and then stops. Once the machine stops, the pins on which the coil was wrapped lower, enabling operators to slide the coil into a package. Units are also compact, versatile and cleanroom-compatible, able to produce uniform coils three times faster than conventional methods.

The Mini-Winder naturally complements AZCO’s lineup of feeding, cutting and placing products. For example, the Mini-Winder and AZCO PC-25 Tubing Cutter — an automatic benchtop tubing cutter for processing flexible tubing up to 1 inch — creates a quick, efficient process for cutting and coiling flexible and medical tubing.

To learn more, visit www.azcocorp.com.

Dyndrite Receives AFWERX Award for SDP Qual

Leave a reply

SEATTLE, WA, June 11, 2024 – Dyndrite, providers of the GPU-accelerated computation engine used to create next-generation digital manufacturing hardware and software announced it has been selected by AFWERX for an AFVentures Open Topic 24.D Phase I cohort award. The Dyndrite selection will focus on defining and commercializing a Software Defined Process Qualification (SDP Qual) Process for Laser Powder Bed Fusion (LPBF) to address the most pressing 3D metal printing qualification/ requalification challenges in the Department of the Air Force (DAF).

Metal additive manufacturing (AM) offers unparalleled opportunities for both the U.S. Air Force (USAF) and the commercial manufacturing sectors. However, the full potential of these benefits is hindered by the significant time and cost involved using today’s means and methods for developing AM parts, materials, and machines, along with the extensive testing and analysis needed for qualification and requalification. Consequently, compromising the agility of the USAF’s AM processes.

A rigorous qualification process is essential to ensure that all standards for quality and safety are consistently met. Dyndrite addresses these needs by incorporating scriptable workflows into qualification and requalification, dynamically automating the entire build layout process. Automating laborious manual tasks like, part import, positioning, supporting, toolpath parameters, laser parameter, labeling, traceable reporting will contribute significantly to reductions in the time and resources associated with qualification.

Dyndrite’s fundamentally new SDP Qual approach enables users to easily adapt to technological advancements and shifts in the supply chain without undergoing costly, time-consuming, manual, qualification processes. Using Dyndrite’s solution, the Air Force will save considerable time and costs by rapidly conducting efficient qualification workflows to ensure their AM production is repeatable and predictable.

“We are proud of the recognition by AFRL of the value of Dyndrite’s modern approach to additive manufacturing qualification,” said, Steve Walton, head of product for Dyndrite. “Our agile software-based process is a core ingredient to making AM a reliable, repeatable and cost effective serial production process.”

To learn more about Dyndrite within the defense industry please visit here.

The views expressed are those of the author and do not necessarily reflect the official policy or position of the Department of the Air Force, the Department of Defense, or the US government.

About Dyndrite

Dyndrite’s mission is to fundamentally change how geometry is created, transformed and transmitted on a computer. Their Accelerated Computation Engine (ACE) is the world’s first (geometry agnostic), multi-threaded, GPU-accelerated Geometry Engine. They create and license tools that give companies the power, freedom and control necessary to deliver on the unprecedented potential of digital manufacturing.

Dyndrite products include, Dyndrite LPBF Pro, a powerful software solution designed to enhance the capabilities of Laser Powder Bed Fusion (LPBF) for metal 3D printing. It provides users with previously unattainable part printing capabilities, accelerated build rates, and unprecedented productivity. Dyndrite LPBF Pro is compatible with a wide range of metal 3D printing machines, including brands such as Aconity3D, EOS, Renishaw, NikonSLM, among others.

Investors include Gradient Ventures, Google’s AI-focused Investment Fund and former Autodesk CEO Carl Bass. The company was founded in 2015 and is headquartered in Seattle, WA. Dyndrite was named a World Economic Forum Technology Pioneer for 2021.

For more information, visit www.dyndrite.com.

About AFRL

The Air Force Research Laboratory is the primary scientific research and development center for the Department of the Air Force. AFRL plays an integral role in leading the discovery, development, and integration of affordable warfighting technologies for our air, space and cyberspace force. With a workforce of more than 12,500 across nine technology areas and 40 other operations across the globe, AFRL provides a diverse portfolio of science and technology ranging from fundamental to advanced research and technology development.

For more information, visit afresearchlab.com.

About AFWERX

As the innovation arm of the DAF and a directorate within the Air Force Research Laboratory, AFWERX brings cutting-edge American ingenuity from small businesses and start-ups to address the most pressing challenges of the DAF. AFWERX employs approximately 325 military, civilian and contractor personnel at six hubs and sites executing an annual $1.4 billion budget. Since 2019, AFWERX has executed 4,697 contracts worth more than $2.6 billion to strengthen the US defense industrial base and drive faster technology transition to operational capability.

For more information, visit: afwerx.com.

SyBridge Studio Available on PTC Onshape App Store

Leave a reply

ITASCA, IL, June 11, 2024 – SyBridge Technologies, a global leader in design and manufacturing solutions, announced the launch of SyBridge Studio, a state-of-the-art manufacturing insights application, now available on the PTC Onshape App Store.

This advanced tool integrates a comprehensive suite of design for manufacturability (DFM) features, drawing upon SyBridge’s extensive expertise in injection mold tooling and production-grade additive manufacturing. Leveraging state-of-the-art logic and data-driven artificial intelligence (AI) algorithms built on a vast database of manufactured parts and tools, the application provides users with unparalleled insights to optimize designs early, assess production tradeoffs, and achieve superior results in cost, speed, and quality.

SyBridge is a portfolio company of Crestview Partners, a leading private equity firm with approximately $10 billion of aggregate capital commitments.

SyBridge’s new application integrates directly into Onshape, the industry’s foremost cloud-native CAD software, providing a powerful extension to the existing toolset available to Onshape users. The app’s user-friendly interface and robust features offer a significant enhancement to the design process, enabling engineers to produce high-quality, manufacturable designs efficiently.

Key Features of the SyBridge Studio include:

  • Automated Design for Manufacturability (DFM) Checks: Quickly understand manufacturing issues and how to mitigate them with 80+ Design for Manufacturability (DFM) checks across manufacturing processes: injection molding, CNC machining, and multiple 3D printing technologies.
  • Injection Mold Action & Insert Identification: Visualize parting directions and automatically identify various common tooling actions like slides, pins, inserts, lifters, bosses, and strippers.
  • Part Thickness Analysis: Visualize material distribution with a full-field colored heatmap on your part CAD to easily identify thin, thick, or non-uniform walls that could cause manufacturing quality issues like warpage or sink marks.

In addition to these powerful features, SyBridge is actively developing future enhancements to the application’s capabilities with a comprehensive roadmap including cost insights and analysis tools, a material recommendation engine, and the ability to purchase parts directly from Onshape via SyBridge On-Demand.

“Going from an industrial design to physical parts is a time consuming processes, typically requiring multiple iterations between different technical domains. With the launch of SyBride Studio, we are excited to provide designers and engineers with a tool that not only makes this process easier and more efficient, but works directly in their CAD environment,” said Byron J. Paul, CEO of SyBridge Technologies. “Our application’s integration with Onshape underscores our commitment to delivering innovative solutions that seamlessly integrate into our customers’ existing workflows to help simplify and accelerate the design and manufacturing process.”

“We are thrilled to welcome this app to the Onshape App Store,” said Jon Hirschtick, co-founder and chief evangelist of Onshape. “This app provides our users with invaluable tools to get feedback as they are designing, ultimately helping them to achieve their business goals more effectively.”

Onshape users can easily access and install the new application directly from the Onshape App Store, enabling them to quickly take advantage of its powerful features. For more information about SyBridge Studio and to download it, please visit the Onshape App Store.

About SyBridge Technologies

SyBridge Technologies is the global leader in technology-enabled design, prototyping and manufacturing solutions for complex, high-precision parts. Its mission is to use technology to simplify and accelerate how parts are designed and manufactured. SyBridge is one of North America’s largest injection molding tooling platforms and the largest private on-demand digital manufacturer. Our AI/ML technology platform is supported by an industry-leading team of software engineers, computational geometry experts and data scientists.  SyBridge Technologies is backed by Crestview Partners and comprises 15 acquisitions that bring together different products, services, and technologies into a unified technology-enabled platform. SyBridge is headquartered in Itasca, Illinois and operates through 18 locations across North America, Europe, and Asia.

For more information, please visit www.SyBridge.com.

About PTC

PTC is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service the physical products that the world relies on. Headquartered in Boston, MA, PTC employs over 7,000 people and supports more than 25,000 customers globally.

For more information, please visit www.ptc.com.

AECOM Relaunches Fellows Program

Leave a reply

DALLAS, TX, June 11, 2024 – AECOM, the world’s trusted infrastructure consulting firm, announced the relaunch of its AECOM Fellows program, a cornerstone of the Company’s TechEx strategic initiative, designed to honor exceptional technical leaders whose groundbreaking work has had a profound and lasting impact on AECOM, its clients, and the global infrastructure community. This year, AECOM will induct two visionary leaders: Dr. Rosa Gwinn, global PFAS technical lead and Ken Butler, P.E., global head of complex structures in AECOM’s Transportation business.

Dr. Gwinn and Mr. Butler each boast decades of unparalleled experience at AECOM. They have distinguished themselves as industry trailblazers and esteemed mentors within the Company, and their contributions have established new benchmarks for excellence in their respective fields.

“As we relaunch the AECOM Fellows program, we are thrilled to honor Rosa and Ken as our newest inductees,” said Troy Rudd, AECOM’s chief executive officer. “Their remarkable expertise and technical leadership have significantly impacted our industry and our organization. This recognition underscores their unwavering commitment to technical excellence, innovation, and advancing our purpose of delivering a better world, while positioning us as the firm of choice for top talent.”

Once inducted as AECOM Fellows, Dr. Gwinn and Mr. Butler will continue to expand their influence, leadership and impact. They will support knowledge sharing across the Company through mentorship and career development, fostering the next generation of technical leaders, while helping ensure the highest standards of technical quality across AECOM’s projects. Their roles will also extend to strengthening strategic partnerships and advancing cutting-edge research and development.

“For decades, Rosa and Ken have played a vital role in cultivating our culture of technical excellence, and delivering innovative solutions to our clients’ complex challenges,” said Lara Poloni, AECOM’s president. “Their appointments as AECOM Fellows honor them as technical luminaries and celebrate their achievements in advancing our industry leadership. We look forward to their continued contributions to our success.”

Dr. Gwinn is a globally recognized authority in the identification and mitigation of per- and polyfluoroalkyl substances (PFAS), with over 30 years of experience at AECOM and its legacy companies. As the leader of AECOM’s Global PFAS Initiative, she has developed innovative PFAS evaluation protocols and contributed to critical publications and global presentations. Her expertise is highly sought after by regulatory bodies, exemplified by her invitation from the U.S. Environmental Protection Agency to join an industry and technology roundtable focused on accelerating innovation in addressing PFAS in drinking water.

Mr. Butler, internationally recognized for his exceptional work on high-profile bridge projects, has dedicated 27 years of his career to AECOM. He has been instrumental in the design and construction of 38 complex bridge projects with a combined construction cost exceeding $10 billion. Ken has published and presented 34 technical papers on long-span and complex bridges, and he regularly conducts design training workshops for state and federal transportation agencies, and lectures at the collegiate level, further establishing his reputation as a trusted and valued expert in bridge engineering.

The relaunch of the AECOM Fellows program marks a significant milestone in AECOM’s ongoing commitment to technical excellence and innovation. By celebrating the achievements of leaders like Dr. Gwinn and Mr. Butler, who will be formally inducted in October 2024, AECOM reinforces its dedication to advancing the infrastructure sector and inspiring future generations of innovators.

Previously named AECOM Fellows include: Bill Hanway, global sports and social infrastructure lead; Marc Colella, global buildings and system engineering lead; Dr. Robert ‘Bob’ Edelstein, who helped pioneer the field of Intelligent Transportation Systems (ITS); Professor John Endicott, a thought leader in the geotechnical and tunneling fields; and Ant Wilson MBE FREng, an expert in building engineering and sustainable design.

For more information on the AECOM Fellows program, visit aecom.com/fellows.

About AECOM

AECOM is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and the environment, their public- and private-sector clients trust us to solve their most complex challenges. Their teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $14.4 billion in fiscal year 2023.

For more information, visit https://aecom.com/.

Bluebeam Partners with Suffolk Technologies

Leave a reply

Bluebeam has partnered with Suffolk Technologies, the venture capital affiliate of Suffolk, for its fifth annual BOOST program. This intensive eight-week program is designed to ignite growth and equip pioneering startups in the built world with the right tools to transform the industry.

Throughout the intensive eight-week program, the selected startups will be launched into the built environment with direct access to jobsites and testbeds around the world, as well as an influential network of industry leaders and academics. As an Operating Partner, Bluebeam will work alongside these startups, providing product feedback, industry expertise, connections, and opportunities to test their technology in the field.

“In the fifth year of BOOST, we’re excited to harness the powerful ecosystem that’s emerged around this program over the past few years,” said Parker Mundt, vice president of platform for Suffolk Technologies. “Our 25 alumni remain deeply involved, alongside more than two dozen global Operating Partners and a network of industry advisors who’re excited to engage with innovators in our space. Together, they’ll play pivotal roles in guiding our new BOOST 5 cohort. We believe this group is poised to create exciting new opportunities for efficiency, cost savings, sustainability and so many other benefits for the industry as a whole.”

Startups that have participated in BOOST over the past several years have benefitted greatly from the program, with the first four cohorts collectively raising more than $505 million of venture funding after completing the program. BOOST alumni companies include startups such as CANVAS, Moxion Power, Passive Logic, Wint, Rugged Robotics, Exodigo, and Trunk Tools.

“It’s a profound experience to grow a company from inception, and Bluebeam is proud to be among those sharing insights to innovative startups during this critical business phase,” said Don Jacob, chief innovation officer and one of the founding members of Bluebeam. “The AEC industry was in a much different place when we started out in 2002, and like many technology startups, Bluebeam was scrappy. Working with early-stage companies in the BOOST 5 program is a wonderful way to pay it forward, and we’re eager to share our learnings to help them make informed business decisions that will propel them and the built world toward further success.”

The application window will close at 11:59PM (PDT) on June 15, 2024. Suffolk Technologies will invite a select group of applicants to participate in an interview process for a coveted spot in this year’s program. Successful applications will highlight team collaboration, well-defined industry challenges that can be solved by innovative technologies, and bold visions for the future of the built environment.

To learn more about Bluebeam’s focus on innovation to improve productivity for AEC professionals, please visit www.bluebeam.com, and to learn more about the Suffolk Technologies BOOST program and to apply, please visit www.suffolktech.com/boost.

Valeo Partners with Dassault

Leave a reply

PARIS, France, June 11, 2024 – Valeo, a world leader in mobility technologies, and Dassault Systèmes  announced their partnership. Valeo will rely on Dassault Systèmes’ “Global Modular Platform” and “Smart, Safe & Connected” industry solution experiences based on the 3DEXPERIENCE platform to accelerate the digital transformation of the Group’s research and development activities.

Valeo will deploy Dassault Systèmes’ 3DEXPERIENCE platform to more than 15,000 users across the Group to manage growing product complexity and contribute to Valeo’s leading offer in terms of software and hardware solutions for electrification, advanced driving assistance systems and lighting.

With the 3DEXPERIENCE platform, multiple activities across Valeo will be able to capitalize on existing legacy data to boost innovation and take informed decisions leveraging intelligent data by benefiting from technology on the platform that is always up-to-date.

“At Valeo, we are proud to be the key innovation partner of our clients. Our more than 20,000 engineers develop innovative solutions combining hardware and software and leveraging AI to make tomorrow’s mobility safer and more sustainable. Thanks to our partnership with Dassault Systèmes, our teams will have more efficient solutions enabling digital continuity to support our world leading R&D activities,” said Christophe Périllat, chief executive officer, Valeo.

“The automotive industry is highly competitive, and companies continually strive to address the imperative of sustainability and generate experiences that consumers love. We’re elevating our long partnership with Valeo to foster this spirit of innovation and further support its transformation to a tech company for the automotive industry,” said Pascal Daloz, CEO, Dassault Systèmes. “Creating new mobility usages and universes of experiences requires proven capabilities for styling, electrification and software-defined vehicles. Our 3DEXPERIENCE platform is this differentiator. It leverages the power of generative AI to connect models from science to data from experience, along the full lifecycle of the vehicle.”

About Valeo

As a technology company and partner to all automakers and new mobility players, Valeo is innovating to make mobility cleaner, safer and smarter. Valeo enjoys technological and industrial leadership in electrification, driving assistance systems, reinvention of the interior experience and lighting everywhere. These four areas, vital to the transformation of mobility, are the Group’s growth drivers.

Valeo in figures: 22 billion euros in sales in 2023 | 112,700 employees at December 31, 2023 | 29 countries, 175 plants, 66 research and development centers and 20 distribution platforms.

About Dassault Systèmes

Dassault Systèmes is a catalyst for human progress. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, their customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all –consumers, patients and citizens. Dassault Systèmes brings value to more than 350,000 customers of all sizes, in all industries, in more than 150 countries.

For more information, visit www.3ds.com.

Siemens Announces ‘Techcellence Awards for Europe’ Winners

Leave a reply

MUNICH, Germany, June 10, 2024 – At Realize LIVE 2024 Europe, held in Munich this week, Siemens Digital Industries Software announced the winners of its Techcellence Awards for Europe. First introduced at Realize LIVE Americas earlier this year, the awards have been developed to recognize companies that are striving for change through transformation and sustainability, as well as individuals who are leading through innovation and acting as a champion for digital technology and sharing their knowledge with the Siemens community in Europe. Winners receive VIP attendance passes for Realize LIVE Global 2025, which will take place in June 2025 in Detroit.

Techcellence winners received their awards on stage at Realize LIVE Europe

“We introduced the Siemens’ Techcellence Awards to celebrate our customers’ remarkable contributions to drive digital transformation and sustainability initiatives across the European region. We’re continuing to spotlight individuals who champion the Siemens Xcelerator portfolio, pushing the boundaries of innovation within their organizations,” said Robert Jones, executive vice president, Global Sales and Customer Success, Siemens Digital Industries Software.

The Sustainability Impact award celebrates an organization that demonstrates exceptional commitment to sustainability by leveraging Siemens technologies to drive positive environmental and social impact. It recognizes leaders in decarbonization, energy efficiency, resource management, circularity, as well as those empowering communities and embracing data-driven sustainability insights.

Blendhub aims to make healthy and affordable food and nutrition available to all people in all places. With its food-as-a-service model, Blendhub not only reduces the ecological footprint of food production but also aims to revolutionize the food industry. Its portable micro-factories, powered by digital twin technology, enable local production of nutrient-dense food powders, ensuring freshness and reducing environmental impact and transportation costs. Blendhub, the Sustainability award winner, showcases an unwavering commitment to traceability which guarantees transparency and high-quality standards while minimizing the environmental consequence throughout their production process. Although Blendhub is unable to be here in person, we still want to recognize its remarkable achievements as a deserving winner of the 2024 Techcellence Sustainability impact award.

The Digital Transformation award recognizes the achievement of an organization that is fully integrating digital technologies on their path toward becoming a sustainable digital enterprise. Driving transformation in new and innovative ways for businesses to achieve their digital objectives, while also streamlining processes faster, easier, and at scale. We applaud this organization for their displayed ability to combine the real and digital worlds in order to collect, understand, and meaningfully use the generated data to drive digital initiatives.

Rolls-Royce has demonstrated a clear strategic vision for digital transformation, using Siemens’ solutions to align its technology initiatives with long-term goals and objectives. Through its commitment to safety and maintaining the highest standards, Rolls-Royce is working with experienced partners, like Siemens, to develop digital thread capability to improve design efficiency, enable cost savings, and enhance customer experience. By adopting a comprehensive digital twin approach, Rolls-Royce has started the journey to enable faster product introduction, flexible manufacturing, and data-driven performance optimization. This has resulted in continuous innovation and excellence.

The Community Champion award recognizes an individual who has gone above and beyond by sharing their expertise with Siemens technology. This award honors an individual who helps peers by sharing their knowledge by providing answers, speaking at events and creating publications while championing Siemens products and providing valuable feedback and insight to make the products better. The Siemens community champion exhibits exemplary community leadership through their substantial public contributions.

Blas Molero Hidalgo from IBERISA has demonstrated exceptional commitment to the Siemens Community through his remarkable achievements, expertise and thought leadership. He showcases his expertise in Siemens’ CAE technology through insightful blogs, a YouTube channel and active participation in the Siemens forums – providing over 200 responses to users in 2023 alone. Supporting users at all levels of Simcenter FEMAP and NASTRAN, Blas’s blogs and YouTube channel have been invaluable resources for peers. As a long-standing beta tester, he has contributed valuable feedback and insights, shaping Siemens ’products and making a significant impact on the global Siemens Community.

The Innovation Leader award honors Siemens’ customers who exemplify creativity and forward-thinking by driving transformative change within their industries. These trailblazers are generating groundbreaking ideas, products or processes that redefine what is possible. We recognize and celebrate these customers that leverage Siemens technologies and solutions to drive organizational progress.

Johannes Hoelzle of MTU Aero Engines AG has demonstrated exceptional leadership and innovation by applying Siemens technologies and solutions to address specific challenges in his organization and industry. With his visionary approach, Johannes Hoelzle, together with Lutz Seidenfaden CIO of MTU Aero Engines AG, set up the project in a new and agile way and tailored the Product Lifecycle Management (PLM) environment to the specific requirements of different roles and disciplines, overcoming the conflict between the IT department’s interest in easy maintenance and the users’ demand for user-friendly customization. With the successful introduction and adoption of innovative solutions utilizing Siemens technologies such as Mendix, Johannes has achieved measurable results and tangible benefits, including improved user experience, reduced IT maintenance efforts and automated processes.

About Siemens Digital Industries Software

Siemens Digital Industries Software helps organizations of all sizes digitally transform using software, hardware and services from the Siemens Xcelerator business platform. Siemens’ software and the comprehensive digital twin enable companies to optimize their design, engineering and manufacturing processes to turn today’s ideas into the sustainable products of the future. From chips to entire systems, from product to process, across all industries. Siemens Digital Industries Software – Accelerating transformation.

Nota AI, Advantech Sign Strategic MoU

Leave a reply

SEOUL, South Korea, June 10, 2024 – AI model optimization technology company Nota AI (Nota Inc.) has signed a strategic Memorandum of Understanding (MOU) with global industrial AIoT leader Advantech to collaborate in the burgeoning field of edge AI. This agreement marks a significant step forward for both companies as they aim to develop generative AI solutions at the edge and expand the application of edge AI across various industrial sectors, including smart cities and transportation.

Nota AI and Advantech sign strategic MOU to pioneer edge AI market

Nota AI specializes in hardware-aware AI model optimization and generative AI. Through its proprietary platform NetsPresso, Nota AI enables the lightweighting and optimization of AI models, enhancing their applicability across diverse industrial fields. The company has gained particular attention in sectors such as AIoT, smart factories, intelligent transportation systems, and smart cities.

Advantech is a global leader in industrial computer and IoT solutions, offering innovative hardware and software across a range of industries, including smart factories, smart cities, and smart transportation. The company focuses on utilizing advanced technologies such as edge computing, artificial intelligence, and 5G to develop cutting-edge solutions. As an eco-partner in the edge AI field, Advantech fosters ecosystems through partnerships with various AI specialized companies.

Myungsu Chae, CEO of Nota AI, expressed optimism about the partnership, stating, “The collaboration with Advantech is expected to extend the application of Nota AI’s technology to a broader range of industrial fields. We will strive to meet the diverse needs of our customers through optimized edge AI solutions.”

Charlie Chung, general manager of Advantech Korea, added, “This collaboration will significantly enhance our ability to provide optimal solutions to our customers by combining edge computing hardware with Nota AI’s optimized AI algorithms. We are committed to broadening our market presence through ongoing innovation.”

With the signing of this MOU, Nota AI and Advantech plan to initiate various projects that apply edge AI solutions across multiple industries. Additionally, both companies aim to expand their market share through joint marketing and sales activities.

Nota AI recently showcased its innovative technologies at the 2024 Embedded Vision Summit in San Jose, California. The company highlighted the capabilities of its generative AI technology at the edge and its flagship solution, NetsPresso, which supports devices from NVIDIA, Raspberry Pi, Renesas, and others, as well as the Arm IP. Visitors experienced a prototype demo of Nota AI’s Vision Language Model (VLM) at the booth. At NVIDIA GTC 2024 in March, Nota AI demonstrated its VLM application, showing how generative AI can automatically detect road traffic anomalies, reducing human intervention and streamlining workflows to improve traffic management efficiency.

For more information about Nota AI, visit website.