Press Releases

Press Releases

ABB, a leading power and automation technology group, announced today that it has signed an agreement to divest its Huntersville, North Carolina, cable factory to Southwire Company, LLC. Southwire is a leading North American wire and cable manufacturer headquartered in Carrollton, Georgia. The parties have mutually agreed not to disclose…

Press Releases

Metso's intelligent solenoid valves have been chosen by Daelim, a South Korean EPC company, to ensure highly reliable emergency shutdown (ESD) valve operation for over 600 safety-critical valves being used in the expansion project at Orpic's Sohar refinery in Oman. Daelim selected Neles ValvGuard intelligent solenoid valves to ensure that…

Press Releases

A recently released report from Transparency Market Research (TMR) forecasts that the global industrial robotics market will grow at a CAGR of 6.2% between 2014 and 2020. TMR, a market intelligence firm based in the U.S., states that the global industrial robotics market will reach a market value of US$44.48…

Press Releases

It is projected that urban India will contribute nearly 75% of the national GDP in the next 15 years. Cities are accordingly referred to as the engines of economic growth. There is accordingly a crying need for the cities to get smarter to handle this large-scale urbanization and finding new…

Press Releases

Mitsubishi Electric Corporation announced today that it produced its four-millionth vacuum interrupter in June 2015, 50 years after launching production of these environmentally friendly devices for interrupting and carrying electric current in vacuums that require no insulation gas. The company is now the largest producer in Japan, and seventh worldwide,…

Press Releases

Hong Kong Science and Technology Parks Corporation ("HKSTP") concluded the Robotics portion of its APAC Innovation Summit 2015 Series last week, an event that brought together over 600 robotics experts from 14 economies to map out the global future of robotics, and Hong Kong's role in helping to take the…

Press Releases

ABB, the leading power and automation technology group, has won a contract to supply the main component, a Michelson interferometer, for the satellite of the GOSAT-2 mission that will enable the Japanese government to continue and enhance spaceborne measurement of major greenhouse gases. This contract agreement is with Mitsubishi Electric…

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Bimba, an industry-leading innovator of actuation technology, today announced the acquisition of Intek Products of Warrendale, Pennsylvania. Founded in 1999, Intek develops mechanical automation products and solutions for both single-axis and multi-axis coordinated electric motion. Intek’s products are extensively used for linear positioning, robotic applications, pick & place mechanisms and…

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NOW Inc. announced today that it has entered into an agreement to purchase Odessa Pumps and Equipment, Inc. Terms of the all-cash transaction, which remains subject to customary closing conditions, including regulatory approval, were not disclosed. Robert Workman, President and CEO of NOW Inc., commented, “The addition of Odessa Pumps…

Press Releases

Texas Instruments (TI) today introduced an integrated gate driver that offers adjustable gate drive settings with the flexibility to drive a wide range of external field-effect transistors (FETs), supporting multiple motors, speeds or varying loads. The DRV8701 enables designers to scale their platforms using a single gate driver across various…