Software AG (Frankfurt, MDAX: SOW) announced an original survey of over 125 North American manufacturers in the heavy industry and automotive sectors that revealed they are unable to scale their Industrial Internet of Things (IIoT) investments across their enterprises, and therefore are losing millions of dollars in potential profits while falling behind competitors that have invested in enabling technologies that support IIoT across the enterprise.
Glenn Bridgman describes the difference between his shop’s manual grinders and its newest state-of-the-art CNC ID/OD grinder, a Studer CT960 OD/ID from United Grinding (Miamisburg, OH), as “feel vs. facts.” Bridgman, president of Bridge Tool & Die (Buckley, MI), believes that manual grinding is a somewhat personal operation.
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The Department of Defense has awarded Micross Components $134.3 million under the IBAS Cornerstone RESHAPE program.
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Funding round will accelerate Divergent's commercial scale-up across automotive, aerospace, and defense production, the company says.