Applied Industrial Technologies (NYSE: AIT) today announced it has acquired Advanced Control Solutions (“ACS”), a provider of automation products, services, and engineered solutions focused on machine vision equipment and software, mobile and collaborative robotic solutions, intelligent sensors, logic controllers, and other related equipment. Terms of the transaction were not disclosed.
“The addition of ACS extends and enhances our automation offering by providing next generation automation solutions through emerging technologies and specialized engineering services,” said Neil A. Schrimsher, President & Chief Executive Officer for Applied. “Their strong Southeast presence brings established customer relationships and supplier partnerships, plus an experienced team with valuable capabilities including state-of-the-art automation training and machine vision engineering expertise.”
Founded in 1998, ACS and its team of 43 associates serve customers throughout Alabama, Georgia, Mississippi, South Carolina and Tennessee from four locations – Marietta, GA; Spring Hill (Nashville), TN; Knoxville, TN; and
CLEVELAND, Oct. 6, 2020 /PRNewswire/ — Emanate Wireless has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant for $255K to conduct research and development work on a unique healthcare IoT solution: Utilization, Condition, and Location System (UCLS). UCLS uses smart tags with sensors and machine learning algorithms to track the utilization, condition and location of medical equipment within a healthcare facility. The NSF funding will support pilot trials with three major hospital groups.
Managing medical devices is one of the top cost centers for a hospital. UCLS provides actionable insights to healthcare administrators to help them discover under-utilized equipment, optimize equipment workflows and implement usage and condition-based maintenance schedules. Current hospital asset tracking solutions (known as RTLS) attempt to track the location of assets, but do not provide context on what the device is doing or how effectively it is operating. The addition
Aspen Hybrid Models™ and Embedded AI Capabilities Will Change How Process Industries Achieve Goals for Improved Safety, Environmental Impact, Reliability and Profitability
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced the general availability of the aspenONE® V12 software release, which embeds artificial intelligence (AI) across the portfolio, and uses the cloud for delivery of enterprise-wide analytics and insights for increased safety, sustainability, and improved margins. AspenTech’s Industrial AI solutions democratize the application of AI where it can deliver most value and is a vital step towards the Self-Optimizing Plant.
“Aspen Hybrid Models™ are a major advance in the field of chemical engineering. Hybrid models are a major step forward in bringing together AspenTech’s process models and machine learning and are a game changer in process engineering and plant improvement,” said Dr. Karuna Potdar, Vice President, Technology Centre of Excellence, Reliance Industries Limited.
Collaboration Targets Packaging for Millimeter-Wave Applications
Quik-Pak Targets 5G, IoT with RF-Capable Packages
Quik-Pak, Agile Microwave Technology, and OMMIC successfully completed electrical RF characterization of OMMIC’s millimeter-wave die to 43GHz in Quik-Pak OmPP packages and confirmed 5G-capable frequencies.
ESCONDIDO, Calif., Oct. 06, 2020 (GLOBE NEWSWIRE) — Quik-Pak, together with Agile Microwave Technology (AgileMwT) and OMMIC SA, today announced its line of JEDEC-compliant air-cavity QFN packages. The Quik-Pak open-molded plastic packages (OmPP®) are RF-capable to data rates of 43GHz, which will help speed availability of semiconductor devices for 5G and internet of things (IoT) millimeter-wave applications. The packages are available now from Quik-Pak as both off-the-shelf and custom offerings.
Each company contributed core technology to the project: Quik-Pak’s OmPP air-cavity open-molded QFN packages, AgileMwT’s interconnect design
TEA Announces Additional Innovative Learning Solutions for K-12 English and Spanish, and K-5 Science to Support Schools Across Texas
AUSTIN, Texas, Oct. 5, 2020
AUSTIN, Texas, Oct. 5, 2020 /PRNewswire/ — ICYMI The Texas Education Agency announced Great Minds as the creator of PhD Science TEKS Edition for Texas home learning for Grades K–5. This follows the agency’s selection of Great Minds to create Eureka Math in Sync TEKS Edition for Grades K–5. The TEA news release is below. Great Minds contact: Chad Colby, [email protected], 202-297-9437.
The Texas Education Agency today announced the next set of instructional materials – covering K-12 English Language Arts and Reading (ELAR), K-5 Spanish Language Arts and Reading (SLAR), and K-5 Science – that will be made available to school systems through the Texas Home Learning 3.0 (THL 3.0) initiative. Like other THL 3.0 offerings, these instructional materials are
Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), is pleased to announce the formation of a Board of Advisors for its wholly-owned subsidiaries Robotic Assistance Devices (RAD) and Robotic Assistance Devices Mobile (RAD-M). The advisory board is opening with twenty-two advisors from a cross section of law enforcement, security, technology startups, and finance industries.
“The response to our invitations to join this board was overwhelming,” said Steve Reinharz, president of RAD and RAD-M. “We’ve been able to assemble a world-class Board of Advisors to help lead our companies into the future, and given that a nominal payment for time spent was offered – which many declined to accept as a term of their engagement – this board is tangibly demonstrating a commitment to the RAD and RAD-M missions.”
Additional details and bios on the Board of Advisors can be found here: https://roboticassistancedevices.com/rad-board-of-advisors/. It is expected that board members will be added and
NEC has agreed to acquire Avaloq in order to secure a global pathway into the digital payments market.
Announced on October 5, the deal will bring Avaloq under the Japanese IT group’s umbrella, although Avaloq will continue to operate using its own brand.
Under the terms of the agreement, NEC will pay CHF 2.05 billion, or approximately $2.23 billion, for 100% of Avaloq shares. At present, 45% is owned by global private equity firm Warburg Pincus, whereas the rest are held by the firms’ founders and employees.
Founded in 1985, Avaloq is an IT solutions company now specializing in banking, wealth management, and the digital payments space. The firm has developed business process as a service (BPaaS) and software as a service (SaaS) cloud solutions for banks and financial organizations.
See also: Infosys acquires GuideVision in European services push
Headquartered in Switzerland, Avaloq is listed on the Tokyo stock exchange
Unique Digital delivers a variety of customized IT solutions and services with highly trained technical engineers and leading-edge technologies to assist and streamline the rapid growth of data.
TORONTO, Oct. 1, 2020 /PRNewswire/ – Converge Technology Solutions Corp. (“Converge” or “the Company“) (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announced today that it has acquired Unique Digital Technology, Inc. (Unique Digital), a Texas-based IT Solutions Provider focused on architecting and implementing solutions in big data, cloud, data protection, networking, security, and virtualization.
Unique Digital’s CEO, Andy Pratt, will continue in his role along with the existing Unique Digital management team. Converge will look to introduce its Software Enabled Hybrid IT solutions including identity-based cognitive, resiliency managed services, multi-cloud solutions, and enterprise blockchain to existing and new Unique Digital customers while leveraging Unique Digital specializations ranging from cloud architecture, networking, storage, high availability, and data protection
Cobwebs Technologies was selected for leading the development and successful introduction of high-tech solutions to address their customers’ most pressing needs, altering the industry and business landscape in the process.
NEW YORK, Oct. 1, 2020 /PRNewswire/ — Cobwebs Technologies (https://cobwebs.com/), a market leader in providing AI- and ML-powered analytics to deliver revolutionary WEBINT solutions for comprehensive investigations and data analysis, announced today that it has been awarded the New Product Innovation Award accolade by Frost & Sullivan, a leader in global research and consulting solutions.
To read the full award write-up of the Frost & Sullivan Awards Technology Innovation Leadership Award received by Cobwebs in the category AI-powered Web Intelligence, click here.
Cobwebs was chosen for its game-changing solutions, setting a new standard for Web Intelligence. The company’s innovative and comprehensive WEBINT solutions include a web investigation platform, threat intelligence solution, secured analyst assistant, active web intelligence, financial investigation
TORONTO, Sept. 28, 2020 /CNW/ – Pivot Technology Solutions, Inc. (TSX:PTG) (“Pivot“), a full-service information technology provider, is pleased to announce that it has mailed a management information circular (the “Information Circular“) and related proxy materials for the special meeting of Pivot shareholders (“Pivot Shareholders“) to be held virtually on October 23, 2020 (the “Pivot Meeting“), to obtain Pivot Shareholder approval of the plan of arrangement (the “Arrangement“) with Computacenter plc (“Computacenter“) and 1264283 B.C. Ltd., a wholly-owned subsidiary of Computacenter, pursuant to which 1264283 B.C. Ltd. will acquire all of the outstanding common shares of Pivot (“Pivot Shares“) for consideration consisting of C$2.60 cash per Pivot Share, for an equity value of approximately C$105.8 million, which was previously announced on September 9, 2020.