Survey Shows Smart Manufacturing Implementation is Moving Up

CHICAGO, Dec. 6, 2019/– Smart manufacturing is a broad concept; it is not something that can be implemented in a production process directly. It is a combination of various technologies and solutions which collectively, if implemented in a manufacturing ecosystem, is termed as smart manufacturing. All these technology and solution can be categorized under three broad categories as connectivity, intelligence, and flexible automation, and is broadly called as enabling technology.

Data is at the core of growth of smart manufacturing where data will decide what to do and when to do. Analysis of these data will help in making the production process efficient. Companies are constantly investing and exploring the benefits from these enablers, said, Sachin Garg – Associate Vice President, MarketsandMarkets™.

Some of the prominent enabling technology in today’s manufacturing ecosystem are mentioned below. Other IT related technology includes Human Machine Interface, Enterprise Manufacturing Intelligence, Plant Asset Management, Manufacturing Execution System, Industrial Communication, and Warehouse Management Systems.

These technologies are yet to evolve and adopted at full scale by the manufacturing ecosystem. However, these technologies may bring big changes in the way manufacturing is being carried out in current scenario.

Attractive Opportunity in Smart Manufacturing Market

According to a report from MarketsandMarkets, a global research firm, the Smart Manufacturing Market is expected to reach USD 299 Billion by 2023, growing at a CAGR of 12% between 2018 and 2023.

MarketsandMarkets has done a detailed study on below mentioned enabling technology with respect to the smart manufacturing ecosystems:

Digital Twin

In past, Engineers use to create some scientific model to understand the real-world problem. During initial days of industrialization, it was comparatively easy but as machine become sophisticated so does its modelling. Digital twin was in existence roughly from last 50 years but it is now that it is being used in widespread way. This is mainly because of innovation and advancement in sensor and network technology, which helped in digitalizing any existing or new model. Other technologies which compliments the digital twin includes Industrial Internet of Things (IoT), Artificial Intelligence (AI), and Augmented Reality & Virtual Reality (AR/VR).

Blockchain In Manufacturing

Blockchain is still at nascent stage of its development, but it has huge scope in manufacturing ecosystems. In a very simple way where ever there is a transaction, that transaction is validated, recorder (can’t be changed at later stage) and secured, this entire concept is called as blockchain. Supply Chain and smart contracts are some of the important application of blockchain in manufacturing. The blockchain market in manufacturing has yet to evolve fully, and thus we are expecting the market to start generating significant revenue from 2020 onwards.

Automated Guided Vehicle

Automated guided vehicles (AGVs) are used for automated handling of materials. AGVs safely handle and transport all kinds of products, eliminating the need for human intervention in production, logistic, and in warehouse environments. AGVs can increase the efficiency and productivity of material handling operations. Now, many of AGV is also equipped with robotics related accessories which helps AGV to be implemented and perform wider level of application.

Industrial Cyber Security

Smart manufacturing is all about data, so all the equipment, component and systems implemented under the ecosystem of smart manufacturing is driven by data. To protect these data organization should implement robust industrial cybersecurity, as it is important for smooth operation of the manufacturing shop floor. Advanced cybersecurity products provide comprehensive security to critical infrastructure and ensure confidentiality, integrity of the system.

Industrial Machine Vision

Industrial machine vision is a combination of mechanical, optical, electronic, and software systems used to detect defects in objects, surfaces, materials, and manufacturing processes. In recent time machine vision has got huge popularity specially in the ecosystem of smart manufacturing, which helps in improving quality, increasing flexibility, and operational efficiency. Machine vison coupled with robotics systems and Artificial Intelligence will further help in strengthening the manufacturing systems under the concept of smart manufacturing.

Machine Condition Monitoring

Machine condition monitoring is the process of determining operational state and condition of a machine for detecting potential breakdowns with the help of automation. Machine condition monitoring optimizes equipment readiness and reduce maintenance and staffing requirements. It is used to prevent unscheduled outages, reduce downtime, and optimize machine performance. This technique is primarily classified into preventive machine monitoring and predictive machine monitoring. Predictive monitoring allows companies to detect potential trouble, diagnose problems, and choose remedial actions before downtime occurs.

Artificial Intelligence in Manufacturing Market

Manufacturing industry is already experiencing benefit of implementation of artificial intelligent. Collaborative robots, predictive maintenance are few applications where artificial intelligence for manufacturing is implemented. Among these, predictive maintenance uses AI to predict the failure of any machine or its component in advance. Collaborative robots is one such application where human and machine has to work in sink, which is enabled by AI.

Collaborative Robots

Collaborative robots, or co-bots, are robots that are designed to work alongside humans in a workspace to provide enhanced efficiency. These robots are different from industrial robots in a number of ways, such as the absence of “safety fence” while working alongside humans, simplified programming and reduced setup time. Implementation of AI in Co-Bots will further strengthen its capability to work in accordance with Human.

3D Printing

Industrial 3D printing is used in various applications such as tooling, robotics, and special machinery. Robotics forms an important part of industries such as automotive, aerospace & defense, and others. Industrial 3D printing simplifies the expensive and time-consuming process of manufacturing tools, eliminating assembly lines and thereby, reducing labor costs as well. Industrial 3D printing is also used for developing special machinery such as heavy equipment and machinery components.

Businesses operational in different verticals and industries will seek smart manufacturing solutions driven by enabling technologies in 2020 for immense growth. Whether your business is at a nascent stage or established in the market, the impact of disruptive technologies on manufacturing productivity and performance can’t be ignored. If you are seeking for digital transformation solutions, Katalyst Technologies, the parent company of Panacea Infotech can help you right from consultation to implementation. Collaborate with us to achieve your business’s digital vision.

 

Global Blockchain in Energy Market to Grow 54.09% between 2019 – 2024

DUBLIN, Dec. 6, 2019 – The “Global Blockchain in Energy Market: Focus on Type (Public, Private), Components (Platform, Hardware), End Users (Power, Oil & Gas), Applications, Region, Stakeholder Analysis, and Regulatory Landscape – Analysis and Forecast, 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

 

The market to grow at a significant CAGR of 54.09% during the forecast period from 2019 to 2024.

 

Over the last decade, the energy sector has transformed drastically, primarily characterized by major technological disruptions. Power utilities have also faced constant pressures from regulatory bodies to reduce their carbon footprint and augment customer flexibility. In order to accommodate the growing requirements and meet the shareholder expectations, utilities have initiated several strategies such as the rollout of dynamic pricing for reducing peak-load, large-scale investments in distributed generation systems, and improvements in grid balancing through demand response management.

Blockchains are essentially immutable digital ledgers that can be used to securely record all transactions taking place on a given network – once data is sealed within a block it cannot be changed retroactively. This includes not only financial transaction data, but almost anything of value.

The technology is enabling decentralized communication and co-ordination, by building the infrastructure to allow peers to safely, cheaply, and quickly connect with each other without a centralized intermediary. Cryptography ensures security and data integrity, while privacy remains intact. An economic incentive framework, also known as a consensus mechanism, allows for the peer-to-peer validation of transactions through improved security, better data management, and increased ability to co-operate among multiple actors, while bypassing the need for a trusted, centralized intermediary to verify transactions.

 

The rising demand for power generation from renewable sources of energy across the globe has propelled the need for increasing usage of blockchain. Moreover, there is an essential concern for decentralized power generators in the electricity distribution supply chain to reduce electricity demand.

 

In regions such as North America and Europe, there is huge availability of renewable energy. As a result, the blockchain market is expected to grow exponentially. The blockchain in the energy market in the Asia-Pacific region is anticipated to display huge growth prospects supported by innovative technological advancements in the energy industry and increasing demand for electricity.

Key Questions Answered in this Report:

  • What is the global blockchain in energy market size in terms of revenue from 2018-2024, and what is the expected growth rate during the forecast period 2019-2024?
  • What is the revenue generated by different types of blockchains such as public and private at a global and regional level?
  • What is the revenue generated by blockchain-based on different components such as platforms & software and hardware & services at a global and regional level?
  • What is the revenue generated by blockchain-based on different end-users such as power and oil & gas at a global and regional level?
  • What is the revenue generated by blockchain-based on different applications for power and oil & gas at a global and regional level?
  • What is the market size and what are the various market opportunities of blockchain in energy across different regions?
  • What are the major driving forces that are expected to increase the demand for the blockchain in the energy market during the forecast period?
  • What are the major challenges inhibiting the growth of the global blockchain in the energy market?
  • Which are the major stakeholders in terms of their contribution and impact in the blockchain in the energy ecosystem?
  • What kind of new strategies are adopted by the existing market players to expand their market position in the industry?
  • What is the regulatory landscape in different regions for blockchain in energy?

 

Blockchain, one of the most popular trends for 2020, is being taken up by leading brands. According to reports, Blockchain is going to witness a boom in Energy Market. Panacea Infotech can assist your business in developing Blockchain app development through Blockchain tech for data integrity and security or develop and consult ecommerce applications on leading Blockchain platforms.

Accenture Assists Navantia in Design, Development and Implementation of Advanced Technologies to Improve Shipbuilding

MADRID– Accenture (NYSE: ACN) has been selected to assist Navantia, Spain’s largest builder of military and civilian vessels, with the design, development and implementation of “Shipyard 4.0,” a new technology platform that leverages digital technologies to improve the efficiency and effectiveness of ship design and construction.

The platform will employ capabilities such as digital twins, modelling and simulation, and artificial intelligence (AI) to help Navantia accelerate ship design and development, optimize the construction process, including meeting maximum safety standards, and develop new services across the operational lifetime of its vessels.

The first ship to benefit from using the Shipyard 4.0 platform will be the new F-110 frigate, part of a new class of combat vessels for the Spanish Navy. The new platform will help Navantia improve its business management systems throughout a vessel’s entire lifecycle. The rest of Navantia’s new projects will follow.

Accenture will also work with Navantia over the next three years with the integration of Navantia’s end-to-end business processes, facilitating the interaction with customers and suppliers. The project will involve more than 1,000 engineers, 40 construction and engineering firms, 200 suppliers, four shipyards and all of Navantia’s business lines: Shipbuilding, Systems, Repairs, Propulsion, Life Cycle Support, Wind, and Technology Transfer Program.

“Navantia is focused on improving operational efficiencies by developing digital twins of our key products and digitally connecting the entire value chain,” said Donato Martínez, Navantia’s chief technology officer. “By partnering with Accenture, a recognized leader in digital solutions, we can deploy our strategic plan with new technologies and products and provide higher value to our customers for decades to come.”

Julio Juan Prieto, a managing director in Accenture’s Aerospace & Defense practice, said, “Navantia is redefining end-to-end processes and services for Spain’s naval forces. The Shipyard 4.0 platform will improve process efficiency, reduce time-to-market, maximize safety, and open the doors to a new wave of advanced products and process-simulation capabilities.”

The future of the enterprise lies with digital technologies. If your business brand is burdened under data silos and struggling to streamline processes for better visibility across functions, Katalyst Technologies, a parent company of Panacea Infotech, can help you in bridging the tech gaps. Like Accenture, Katalyst partners with clients with an aim to build intelligent enterprises using disruptive technologies.

Philips & Paige Join Hands to Bring AI Based Clinical Pathology Diagnostics

Amsterdam, The Netherlands – Royal Philips, a global leader in health technology, and Paige, a leader in computational pathology, announced today a strategic collaboration to deliver clinical-grade AI applications to pathology laboratories. These AI technologies, starting with Paige Prostate, aim to help pathologists identify, quantify and characterize cancer in tissue samples and make precise diagnoses more efficiently. This may, ultimately, positively impact pathologist’s workflow and treatment planning for patients.

 

Pathologists play a crucial role in the detection and diagnosis of a broad range of diseases, including cancer. The increasing number of cancer cases in the aging population, and rapid advances in personalized medicine have resulted in significant increases in the complexity of pathology diagnostics and the workload imposed on pathologists. Digital images of tissue samples make it possible for pathologists to easily diagnose these samples on a computer display using advanced imaging analysis and workflow software.

 

Paige’s technology has demonstrated promising results, and the collaboration aims to deliver this kind of technology into routine clinical practice. Several pathology laboratories have already converted their glass slide-based workflow to digital, using the clinically approved digital pathology solution from Philips. Once digital images are available, the CE marked Paige Prostate software is applied automatically to detect and localize prostate cancer. This technology provides pathologists with valuable information they can use in their evaluation of prostate biopsies.

 

“We want to empower pathologists with the latest computational pathology solutions to enhance the diagnosis and treatment of cancer,” said Marlon Thompson, Business Leader of Digital & Computational Pathology at Philips. “Through our open digital pathology platform approach, we team up with leading computational pathology solution providers, such as Paige, to create the ultimate end-to-end oncology workflow for our customers.”

 

“Pathology is transforming into a digital discipline and holds a strong promise for using AI solutions to aid, streamline, and enhance decision-making,” said Leo Grady, CEO of Paige. “Together with digital pathology providers, starting with Philips, one of the leaders in the clinical digital pathology space, we want to convert this promise into a clinical reality that supports pathologists and their patients.”

 

Philips IntelliSite Pathology Solution in combination with Paige Prostate aims to provide an intuitive digital & computational pathology workflow experience. Philips plans to offer the CE-marked Paige Prostate to European pathology labs in 2020. AI solutions for other markets and additional disease areas are expected to follow suit.

 

To ease pathology diagnosis, Philips and Paige have come together and innovated AI-based solutions, which are helping laboratories, become more advanced. Panacea Infotech, a Katalyst Technologies subsidiary, also offers AI-integrated on-demand customized health solutions that work seamlessly with hospitals, pathology labs and doctors in providing the best diagnosis to patients.

Inspirata and Cirdan Announce New Technical Partnership

London, UK, Dec. 05, 2019 – Today saw cancer informatics and digital pathology provider, Inspirata announce a new partnership with laboratory information systems (LIS) and medical-imaging leader, Cirdan. The new partnership focuses on deepening the level of technical integration between the two organisations. Revealing this exciting development at the Digital Pathology and AI Congress (DPC) in London, Inspirata and Cirdan aim to make it easier for UK clinical laboratories to adopt and benefit from digitising their histopathology workflow, enabling them to capitalise on the opportunities for improved patient outcomes presented through innovations such as AI.

 

Against a backdrop of recommendations made in The Carter Review and more recently complemented by The Topol Review examination of how to prepare for a digital future, and fresh funding for AI in pathology through Innovate UK, the need for full interoperability between clinical laboratories has become even more significant.

 

“While we are all hugely enthusiastic and excited by the opportunities presented by AI in pathology, it is imperative that we do not lose sight as healthcare and technology providers of the important foundational pieces that need to be put in place for genuine practical advances in this area,” said Inspirata founder and EVP Mark Lloyd.  “Our partnership with Cirdan reflects our shared appetite to remove the technical barriers to interoperability and in doing so play our own part in seeing us arrive more quickly as a clinical community at the large volumes of imaging data necessary for a real break-through in computational pathology.”

 

The technical partnership sees Inspirata and Cirdan use standardised Health Level 7 (HL7) messaging to link Inspirata’s digital pathology workflow solution Dynamyx™ to Cirdan’s award-winning ULTRA LIS.  At a practitioner level, this bi-directional interface ensures the pathologist has immediate access to all necessary results, notes and file attachments relating to a given case, assisting them in arriving at their diagnosis within the digitised workflow.  At an institutional level it enables the laboratory to execute against patient case turnaround time targets by providing end-to-end visibility of case throughput for performance benchmarking, backlog forecasting and quality assurance. Addressing both use-cases significantly eases the adoption and change management challenges of digitisation. The technical partnership will also see Inspirata explore integration with Cirdan’s world-class imaging solutions.

 

“Having arrived at a tipping point in which most healthcare providers are now bought into the merits of embracing digital pathology, the onus is on us to work with similarly-minded vendors to make the transition to digital easier,” detailed Inspirata Europe General Manager, Tim Wing. “Cirdan’s ULTRA LIS and imaging solutions are market-leading technologies backed by a talented and proactive support team.  We’re thrilled to partner with Cirdan and that the open nature of our respective platforms has made it so easy for us to do so.”

 

Commenting on the partnership with Inspirata, Jackie Devine, Head of Cirdan Commercial Operations said, “We are excited about the tangible value partnering with Inspirata will bring to pathologists. With the digital pathology and LIS integration, pathologists will possess a more holistic view of their cases with patient information and history, associated tests, specimen details, reports and images all linked.  This will support effective case reporting in a safe and efficient manner.  The associated data will also act as a valuable resource for future research and A.I. to further improve clinical decision-making.”

 

The incorporation of technology into the healthcare industry is empowering the industry. Inspirata and Cirdan have taken this seriously and moving ahead by integrating technology into their medical services. If you are also offering medical services and looking forward to taking your offering on the digital platform, then contact Panacea to get your medical mobile or web application developed.

Adverty Partners with Smaato for In-app-focused Ad Sales Growth

Stockholm, December 4, 2019: Adverty AB announces a partnership with US-based Smaato, the global in-app advertising platform, which delivers ads to mobile apps and games. The integration of platforms will enable Smaato’s wide range of global buy-side partners and advertisers to access Adverty’s new seamless ad inventory at scale.

The deal allows Smaato’s buy-side clients to access Adverty’s unique seamless in-game ad inventory at scale while Adverty can tap into global marketers looking to advertise within games.

Programmatic advertising spend continues to grow and dominates the digital media landscape with 69% of global media estimated to be bought programmatically next year, surpassing US$100bn for the first time, according to a recent marketing forecast by Zenith. Simultaneously, in digital media, which is defined by web and in-app ad inventory for desktop and mobile, in-app advertising is more popular than ever according to MindSea.

The numbers are backed by key stakeholders in the industry, claiming mobile in-app programmatic advertising to be the ideal way for brands to better understand, identify, engage and acquire today’s mobile-first consumers.

“We are excited to bring Adverty’s new ad format to our global buyers. The average consumer in most mature markets spends more than three hours per day in-app and Adverty’s ad inventory not only brings scale but allows the actual ad to be seen by the consumer during the entire gameplay,” said Glenn Fishback, Chief Revenue Officer at Smaato. “We believe their non-intrusive approach to brand advertising is a unique offering for advertisers looking to maximize the benefits of in-app.”

Smaato, founded in 2005, is headquartered in San Francisco, California, with additional offices in Berlin, Hamburg, New York, Shanghai and Singapore. The partnership is well in line with both companies’ in-app-focused businesses, and Smaato’s on-the-ground sales teams in core regions will help create the awareness needed for brands to understand and invest in Adverty’s new ad inventory.

“Smaato’s in-app-only approach to programmatic advertising is a perfect fit for how we want to position ourselves as we expand our sales efforts into new markets. Brands connected to Smaato are used to advertising within apps and games on the mobile platform and we believe the leap over to our new ad format will be frictionless,” says Kenny Spångberg, Chief Revenue Officer at Adverty.

Ad tech aims at connecting brands with people at the right time and place through display advertising, and platforms like Adverty allow content creators to monetize complete experiences with unobtrusive, easy-to-integrate, seamless ads. Katalyst Technologies, the parent company of Panacea Infotech, provides digital and ecommerce solutions to retail businesses that help with mobile app advertising to reach their target audience. Our experts can offer out-of-the-box customer connect initiatives for your business’s web and mobile offerings.

Vodafone Business and AWS to Bring Edge Computing Closer to Customers

London, December 04, 2019: Vodafone Business is collaborating with Amazon Web Services (AWS) to make AWS Wavelength available in Europe. AWS Wavelength provides developers with the ability to build applications that serve end-users with single-digit millisecond latencies over the 5G network. AWS Wavelength embeds AWS compute and storage services at the edge of telecommunications providers’ 5G networks, enabling developers to serve use cases that require ultra-low latency.

Enabling AWS Wavelength at the edge of Vodafone’s 5G network is designed to provide multi-access edge computing capabilities to developers, Internet of Things (IoT), devices and end-users. Responsiveness matters when it comes to artificial intelligence, augmented and virtual reality, video analytics, autonomous vehicles, robotics and drone control. These applications require latencies that are about 10 times lower to deliver business impact. Vodafone Business and AWS are bringing the AWS cloud closer to the devices that need it by running AWS Wavelength in strategic locations within Vodafone’s 5G network.

“With Europe’s largest 5G network across 58 cities and as a global leader in IoT with over 90 million connections, Vodafone is pleased to be the first telco to introduce AWS Wavelength in Europe,” said Vinod Kumar, CEO of Vodafone Business. “Faster speeds and lower latencies have the potential to revolutionize how our customers do business, and they can rely on Vodafone’s existing capabilities and security layers within our own network.”

With this new collaboration, developers can now easily build innovative applications on the AWS API and run them from the 5G network node closest to their end users. Workers can use augmented reality devices to help them diagnose and repair complex equipment in the field. For gamers, this means super-responsive, high-definition experiences on their mobile devices, wherever they are. Mobile robots and drones will be able to navigate safely and securely, reacting to their environment in real time.

AWS Wavelength will be available first in the UK and Germany on the Vodafone 5G network, expanding to other Vodafone markets across Europe.

This announcement marks another step in Vodafone Business’ multi-cloud strategy to partner with world-leading technology providers to help customers of all sizes succeed in a digital world.

Like Vodafone and AWS, Katalyst Technologies, the parent company of Panacea Infotech has brought cloud computing closer to enterprises by being their most astute technology service providers and partner. Our expertise in implementing IoT and enterprise mobility solutions for organizations taking initiatives towards end-to-end digital transformation has won us many a client’s heart. Connect with our experts for free to know more!

AntWorks’ Influence AI Industry with Launch of ANTstein SQUARE

SINGAPORE, Dec. 4, 2019 – It has been a year of milestones for AntWorks™, a global provider of artificial intelligence and intelligent automation solutions powered by fractal science. Most notably, AntWorks introduced its new and enhanced version of ANTstein™ SQUARE, a fullstack Integrated Automation Platform (IAP) that enables enterprises to automate end-to-end business processes quickly, easily and in a scalable manner. To support and accelerate its growth, AntWorks significantly increased its geographic footprint and global headcount, and was widely recognised for its cutting-edge and industry-disrupting technology.

 

“This was a year of records and firsts for AntWorks,” said Asheesh Mehra, AntWorks Co-Founder and Group CEO“Four years ago, we set out with an ambitious goal of disrupting the AI industry by delivering the first and only authentic IAP to agile and forward-thinking companies across every sector. Now we’re consistently punching above our weight – benchmarked against competitors that have been in the space for far longer. Over 2019, we expanded our global presence across key markets, increased our strategic partnerships, continued to foster an inclusive and collaborative culture, and launched the most innovative product of its kind. Our momentum is always guided by our mission to manifest the power of ethical AI while delivering the greatest value to our clients and the people of AntWorks. I couldn’t be prouder of all the AntWorks Colony has accomplished.”

 

Global Expansion and Talent Acquisition:

To serve its growing client base, AntWorks has increased its global presence over the last 12 months across Australia, Canada, Dubai, France, India (Bangalore, Chennai, Mumbai), Japan, Philippines, Singapore, UK and US. AntWorks now proudly has a Colony of more than 500 people, nearly tripling its headcount since 2018, stacking talent against key strategic growth areas. AntWorks has also expanded its reach on online channels, with a growing community of more than 40,000 followers across its social media platforms.

 

Continued Product Innovation:

In May, AntWorks launched the industry’s first IAP, ANTstein SQUARE. This one of a kind, multitenancy solution allows for maximum bot utilisation, understands all types of data, and provides customers with a one-stop solution for data curation and building, deploying and managing an AI-enabled digital workforce.

 

JV and Partner Expansion:

AntWorks scored a remarkable milestone of a joint venture with SBI Neo Financial Services to establish SBI Antworks Asia in Japan, providing intelligent automation solutions to the East Asia and Southeast Asia markets. Additionally, to enable accelerated adoption of AI in the GCC region, AntWorks recently announced a partnership with the SEED Group.

 

Commenting on AntWorks’ 2019 success, Phil Fersht, Founder and CEO at HFS Research said, “AntWorks offers a path to integrated intelligent automation, provided enterprises embrace its full stack. One more large round of funding, and it will be a real force.”

 

2019 was a golden period for AI, and the same is expected from the coming years. Don’t lack behind your competitors, contact Panacea, a Katalyst group company to get your idea converted into an AI-driven mobile or web application.

The Stylist LA Taps CaaStle to Expand its Subscription Rental Service

LOS ANGELES, Dec. 3, 2019/– The Stylist LA has partnered with leading rental technology platform CaaStle to re-introduce and expand its rental subscription service – The Box by The Stylist LA.

The Stylist LA, which started with a la carte, special event rentals in 2014, expanded their offering to include a subscription rental box model due to customer demand in 2018. Re-launching today at stylistlabox.com, members can select three rentals at a time with unlimited swapping, complimentary laundering services, and free priority shipping and returns for $79 per month.

 

“We are excited to put our strengths together to scale The Box by The Stylist LA service,” said Emily McDonald, Founder of The Stylist LA. “CaaStle’s platform will help us to deliver more functionality and a unified customer experience, while we focus on curating the best new styles and a deeper inventory than ever before.”

With new arrivals added each week, The Stylist LA team will continue to curate and rotate looks to provide members a revolving closet of trends. CaaStle will now handle all advanced technology, reverse logistics and managed services while delivering a seamless experience for the expanded subscription program.

“Our partnership with The Stylist LA marks the first time CaaStle has worked with another pure-play rental company to grow its existing business,” said Christine Hunsicker, CEO and Founder of CaaStle. “The Stylist LA already has a dedicated following and unique position in the west coast market. By leveraging our technology and logistics platform, the company can streamline shipping and inventory and focus on strengthening its customer base while giving subscribers access to a wider range of features.”

Undoubtedly, advanced tech-driven solutions are strengthening supply chains for businesses by streamlining processes like warehousing, logistics, shipping, and inventory management while creating an exceptional customer experience. Your business can also harness digital technologies by collaborating with reliable service providers. Katalyst Technologies, the parent company of Panacea Infotech, offers cutting-edge supply chain and logistics solutions to enhance your supply chain capabilities. Connect with our experts to achieve these goals in 2020.

 

 

Xometry Acquires Shift On-Demand Manufacturing Marketplace

Gaithersburg, Md. and Munich, December 3, 2019: Xometry, the largest marketplace for on-Demand manufacturing, announced the acquisition of Munich-based Shift, the largest on-demand manufacturing marketplace in Europe. Through the acquisition, Xometry will accelerate its international expansion into 12 new countries, leveraging a worldwide network of over 4,000 manufacturers.

“Global expansion is a key step for us,” said Xometry CEO Randy Altschuler. “Many of our customers, like BMW and Bosch, have a global presence and we can serve more of their needs with a global network. Our AI-driven algorithms and intelligent sourcing platform give us a competitive advantage as we expand across new geographies and manufacturing technologies.”

Albert Belousov, Shift co-founder and Managing Director of Xometry Europe, said, “We are thrilled to join the Xometry team. Our customers and suppliers will benefit from us joining forces with Xometry.”

Dmitry Kafidov, Shift co-founder and Managing Director of Xometry Europe, agreed. He said, “We’re eager to leverage Xometry’s technology to continue to scale our business in Europe. We look forward to providing our customers additional manufacturing capabilities, including additive manufacturing and injection molding.”

Shift co-founder and Head of Technology for Xometry Europe Alexander Belskiy noted, “There are huge opportunities in enabling Xometry’s Instant Quote Engine and other product features in the European market.”

Shift has built the largest on-demand manufacturing network in Europe and a customer base that includes some of the leading manufacturing companies in Europe. Shift will operate as Xometry Europe and continue to be headquartered in Munich, Germany.

Shift’s lead investors include Cherry Ventures who will become investors in Xometry. Christian Meermann, Founding Partner, Cherry Ventures stated, “The custom manufacturing industry is a massive global market of over $100 billion. We’re excited for Shift to utilize Xometry’s industry-leading technology as well as leverage the global manufacturing expertise from other Xometry investors, including BMW i Ventures and Robert Bosch Venture Capital.”

Xometry has raised $118 million since it was founded in 2013. Over the past two years, the company has grown from 100 employees to over 300 while more than doubling revenue each year.

Xometry and ProvenCut Announce Partnership for Machining Resources & Supplies

In October, Xometry Supplies, their materials and tooling eCommerce arm announced a strategic partnership with ProvenCut, an online platform that provides proven cutting recipes to machinists. Xometry Supplies’ materials and tools will be recommended for use in ProvenCut’s recipes and available for purchase. Xometry will also promote ProvenCut’s offerings on the Xometry Supplies site.

ProvenCut is an online platform that redefines Speeds & Feeds by using real-world, unbiased testing to deliver proven CNC machining recipes. ProvenCut helps machinists by maximizing process reliability and demonstrating the performance of the machine tool and cutting tool. Provencut’s partnership with Xometry Supplies allows customers to make informed purchase decisions based on ProvenCut’s extensive information.

Like Xometry, Katalyst Technologies, the parent company of Panacea Infotech, helps enterprises with optimal manufacturing solutions through design engineering that provides custom manufacturing solutions to diverse manufacturing enterprises to ensure faster turnaround of finished products. Get a free consultation from our technology experts for your engineering enterprise TODAY!