Search Results

VulcanForms Raises $355M for Digital, Additive Manufacturing

Found in Robotics News & Content, with a score of 10.54

…Pratt & Whitney, Precision Castparts, IPG Photonics, Faro Technologies, Schlumberger, Alcoa, [and] Autodesk, among others, enable our customers to innovate, grow, and deliver sustainable impact faster.” “One reason 3-D printing is fundamentally different is that it allows designers and engineers to iterate more quickly, and to, in the near future, produce parts on demand in large quantities without fixed upfront investment,” said John Hart at MIT. Credit: M. Scott Brauer, MIT News VulcanForms invests in new sites, workers VulcanForms said its new Devens facility, “VulcanOne,” will be “the world's highest-throughput laser metal-additive foundry.” It will use VulcanForms' 100-kilowatt laser powder-bed…

ARM Institute Selects Eight New Robotics Projects for Funding

Found in Robotics News & Content, with a score of 9.29

…Handling of Energetic Materials Lead: Rensselaer Polytechnic Institute Partners: Schlumberger, Interface Technologies, FANUC Description: The project team aims to develop fundamental technologies for robotic handling of energetic materials. Manufacturing with energetic materials imposes numerous constraints on the manufacturing process. Among these are limitations on the mass of energetic material that can be present at any given time within a given space. In this project, the partners said they will seek to reduce this exposure by applying robotics to an energetics refilling operation. Execution of this project will demonstrate safety systems, robotic manipulation strategies and designs that are immediately applicable to…

Nauticus Robotics to Go Public With CleanTech Acquisition SPAC Merger

Found in Robotics News & Content, with a score of 10.20

…anchored by existing investors. The PIPE is anchored by Schlumberger, Transocean, AeroVironment, and Material Impact, as well as a large private university endowment. Upon the closing of the transaction, and assuming no redeptions or issues of common stock, CLAQ’s public stockholders will own about 33%; the PIPE investors will own approximately 6%; and the co-sponsors, officers, directors and other holders of CLAQ founder shares will own about 8% of the combined company. Current Nauticus stockholders would own approximately 53% of the combined company. These values exclude $75 million of earn-out shares that would be paid in common stock if applicable…

Sarcos Robotics Successfully Implements Teleoperation Capabilities of Guardian XT Robotic System

Found in Robotics News & Content, with a score of 13.88

…XT. The company is backed by investors including Caterpillar Venture Capital Inc., Delta Air Lines, GE Ventures, Microsoft, and Schlumberger. In April, Sarcos announced that it will become publicly listed through a merger transaction with Rotor Acquisition Corp., a publicly-traded special-purpose acquisition company (SPAC). The transaction is expected to close in the third quarter of 2021, at which point the combined company’s common stock is expected to trade on Nasdaq under the ticker symbol “STRC.”

Intech NDE to Distribute Sarcos Robotics’ Guardian S Inspection Robot in Canada

Found in Robotics News & Content, with a score of 16.12

…Capital Inc., Delta Air Lines, GE Ventures, Microsoft, and Schlumberger. The Guardian S is designed to navigate unstructured and unpredictable environments. Its man-portable design, slim form factor, and IP65 water-protected structure are optimal for inspecting narrow piping and tanks, traversing vertical ferromagnetic surfaces, stairs, culverts, and other unstructured terrain and confined spaces, said Sarcos. The robot can give operators a detailed view of its environment while enabling workers to avoid entering hazardous or confined spaces and maintain a safe distance. The Guardian S robot is able to deliver extended run times and long-range wireless operations, added Sarcos. The robot serves…

Sarcos Robotics to Merge With SPAC Rotor Acquisition as It Commercializes Exoskeleton

Found in Robotics News & Content, with a score of 11.91

…managed by Palantir Technologies Inc., Caterpillar Venture Capital Inc., Schlumberger, and JAWS Estates Capital LLC. Upon closing, the combined company’s common stock is expected to trade on Nasdaq under the ticker symbol “STRC.” The transaction represents an enterprise value of $1.3 billion, plus a potential earnout of an additional $281 million based on the combined company’s future share trading price, said Sarcos and Rotor. “We launched Rotor Acquisition Corp. with the goal of identifying and partnering with companies that are leveraging technology and innovation to disrupt ‘old-economy’ businesses in large and growing markets,” said Stefan M. Selig, chairman of Rotor.…