News

ABB supports innovative bioplastics project as main electrical contractor for Avantium and Worley

06-Sep-2023

Avantium is constructing a plant in the Netherlands to produce a new recyclable plant-based plastic called PEF by converting plant sugars. ABB has been chosen as the main electrical contractor for the project, which includes electrical design, eHouses, frequency converters, and commissioning. The use of ABB's eHouses will reduce installation time and risks. ABB also provided proactive consulting, and the successful collaboration has led to plans for future projects with Avantium and Worley. The facility is set to be completed in 2024, with PEF product launches starting in the same year. Image Credit: Hydrocarbon Processing

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Castool Tooling Systems Expands Capabilities with Nitrex Turnkey Nitrocarburizing System

05-Sep-2023

Nitrex, the global leader in the surface treatment industry, has announced a groundbreaking expansion by Castool Tooling Systems, a division of Exco Technologies and a renowned tooling provider for extrusion and die-casting companies. Castool Tooling Systems has bolstered its in-house capabilities with the addition of a cutting-edge Nitrex turnkey nitrocarburizing system, marking a remarkable stride in the world of heat-treating processes.

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Fluke Reliability Acquires AI-powered Vibration Analytics and Remote Condition Monitoring Solution

31-Aug-2023

Fluke Reliability, a wholly owned subsidiary of Fortive Corporation, has confirmed the acquisition of Azima DLI, renowned for its subscription-based remote condition monitoring and AI-powered vibration analytics software. This acquisition will bolster Fluke's commitment to transforming predictive maintenance with AI and SaaS technology, as Azima DLI's solution empowers industrial businesses to enhance their asset uptime and optimize operations, leading to revenue maximization.

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ABB invests in edge-to-cloud platform innovator Pratexo

30-Aug-2023

ABB expands its existing relationship with Pratexo, a US-based technology company. ABB and Pratexo will co-develop edge computing solutions to improve security, autonomy and resilience for decentralized electrical networks. Investment is part of ABB’s continuous commitment to nurture and invest in next generations technology startups

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Novarc Technologies Completes Series A Funding with Caterpillar Venture Capital

17-Aug-2023

Novarc Technologies Inc., a leading provider of advanced robotics solutions, announced today the company has successfully completed a Series A fundraising round with Caterpillar Venture Capital Inc., a wholly-owned subsidiary of Caterpillar Inc. ((NYSE: CAT), a global leader in the manufacturing of construction and mining equipment). Caterpillar joins Graham Partners, Export Development Canada (EDC) and other syndicate investors, and provides strategic support to Novarc’s vision to accelerate the development of a ground-breaking AI-powered robotics platform.

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