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Tool Presetters Take On Industry 4.0

For machine shops in a competitive global marketplace, keeping spindles running and making product is the only way to stay in business. Still, adding a new piece of equipment, even with the promise of improving the efficiency of your existing ones, may be a difficult sell to management.

Manufacturing and AI: Promises and Pitfalls

We all know the buzzwords circulating around digital data and the factory. You have heard them—Industry 4.0, smart factories, data analytics, and artificial intelligence (AI). The question we all have is how will this impact workers in the long term? What do these terms really mean? Nevertheless, both traditional software suppliers and makers of advanced manufacturing equipment are offering digital solutions.

SyncFab, NTMA Set to Boost Supply Chain on Blockchain

SyncFab will give more than 1,300 National Tooling and Machining Association (NTMA) members access to its advanced manufacturing blockchain platform, the company said today. As the national representative of the precision custom manufacturing industry, NTMA members generate more than $30 billion in sales combined.

ROLLING INTO ASIA: Two German Firms’ Timely Moves

To date, GBneuhaus has only produced its nanotech-enabled coatings in Neuhaus am Rennweg, a small village in the state of Thuringia. But that’s about to change: The 28-year-old firm in June founded a company in Pune, India, and will soon begin producing its antimicrobial coating there.

DoD Set to Award $10 Million to DMDII

The U.S. Department of Defense (DoD) is set to award $10 million in funding this year to the Digital Manufacturing and Design Innovation Institute (DMDII) here, UI Labs CEO Caralynn Nowinski Collens, said this morning. UI Labs is DMDII’s parent organization.

Fueled by Defense Funding, DMDII to Become MxD

The Digital Manufacturing and Design Innovation Institute (DMDII) will be renamed MxD and will stand as an independent organization from UI LABS, now that it has achieved strong momentum and robust fiscal health, the organization said today.