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Hammond Power Solutions Announces $56,957,490 Bought Deal Secondary Offering of Class A Subordinate Voting Shares

October 9, 2024 Hammond Power Solutions Inc. (TSX: HPS.A) (the “Company” or “HPS”) and 1000925271 Ontario Inc., a wholly-owned subsidiary of Arathorn Investments Inc., (the “Selling Shareholder”) announced on September 24, 2024, that they have entered into an agreement with Acumen Capital Finance Partners Limited and Canaccord Genuity Corp. (the “Co-Lead Underwriters”), pursuant to which…

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Hammond Power Solutions Closes $65.5 Million Bought Deal Secondary Offering

October 9, 2024 Hammond Power Solutions Inc. (“HPS” or the “Company”) (TSX: HPS.A) announced on September 27, 2024 that Chair of Board, Mr. William G. Hammond, through a company he controls, closed the sale of 500,000 Class A Subordinate Voting Shares at a price of $131.00 (the “Offering”) for gross proceeds of approximately $65.5 million….

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US Technology Leaders Tap NVIDIA AI Software to Transform World’s Industries

October 9, 2024 U.S. technology leaders tap NVIDIA AI software to transform industries worldwide NVIDIA has announced it is teaming with U.S. technology leaders to help organizations create custom AI applications and transform the world’s industries using the latest NVIDIA NIM™ Agent Blueprints and NVIDIA NeMo™ and NVIDIA NIM microservices. Across industries, technology organizations like AT&T, Lowe’s and the University…

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Bossard Showcases Advanced Fastening Technology at FABTECH 2024 in Orlando, Florida

September 30, 2024 Bossard Inc., a leader in industrial fastening and assembly technology solutions, announces a live demonstration of its innovative fastening technology at the 2024 FABTECH show in Orlando, Florida. Bossard’s Fastening Innovations: Enhancing production and manufacturing processes is crucial for success as we face a rapidly growing industry. However, challenges such as skilled…

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Universal Robots Updates Payload Capacity for UR20 and UR30

September 26, 2024 Enhancing the strength of high-payload cobots will boost throughput and productivity for customers. Universal Robots, the Danish collaborative robot (cobot) company, is now increasing the payload capacity on its new-generation, high-payload cobots UR20 and UR30, enabling customers to lift more at no additional cost. The updates raise the total payload, including end-effector, to 25 and…

HPS Introduces Expanded Mini Power Centre with 480V & 600V Primary Solutions
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Hammond Power Solutions Signs Definitive Agreement to Acquire Assets of Micron Industries Corporation

September 24, 2024 Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A), a leading manufacturer of dry-type transformers and power quality solutions, announced on September 23, 2024, that it has entered into a definitive agreement to acquire the assets relating to the operations of Micron Industries Corporation (“Micron Industries”), a company based in the United States. Micron…

Vention is proud to introduce its AI-enabled automation controller: MachineMotion AI.
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Entering the Post-PLC Era: Introducing MachineMotion AI

September 24, 2024 By Quinn Harker Vention is proud to introduce its AI-enabled automation controller: MachineMotion AI.  MachineMotion AI, powered by NVIDIA technology, is the first-of-its-kind AI-enabled automation controller. With its launch, Vention officially marks the beginning of the post-PLC era. Say goodbye to traditional custom-made control cabinets, manual integration with pigtail wires and terminal…

Festo Launches Rooftop Solar Project at Its North American Hub in Mason, Ohio
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Festo Launches Rooftop Solar Project at Its North American Hub in Mason, Ohio

Festo is launching a clean energy project at its North American Regional Service Center in Mason, OH, near Cincinnati. Roof-mounted solar panels on two of the three buildings will supply 48% of the facility’s electricity requirements – 2.6 million kilowatt hours (kWh) year round – when installation is completed next year. “Every kilowatt hour of electricity generated by sunlight at the Festo North American Regional Service Center is an additional kilowatt hour added to Duke Energy’s pool of electricity for local consumers and businesses,” said Jose Luis Esparza, Head of Non-Production Material Procurement, Festo North America.

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AI in Manufacturing: The Next Era

Manufacturing in AI is leading the way into the future; join and be a part of the next era September 13, 2024 Purpose. Barrett Centre For Technology Innovation.  Join the Barrett Centre for Technology Innovation and their consortium partners for an exiting exploration of AI’s impact on Manufacturing! Dive into the challenges and opportunities of…

Weidmuller Canada Unveils a New Customer Experience Center and Introduces the Innovative WOW Van for the Eastern Canada Markets
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Weidmuller Canada Unveils a New Customer Experience Centre and Introduces the Innovative WOW Van for the Eastern Canada Markets

September 12, 2024 Weidmuller Canada proudly opens its new Customer Experience Centre at its headquarters in Markham, Ontario on September 12, 2024 Weidmuller Canada proudly opens its new Customer Experience Centre at its headquarters in Markham, Ontario on September 12, 2024. This state-of-the-art 600 sq. ft. facility is designed to provide customers and distribution partners…

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Ontario Introducing Over 35,000 Students to Careers in Skilled Trades

September 12, 2024 Expansion of career fairs to 15 cities giving next generation of workers hands-on exposure to the trades The Ontario government is expanding its successful Level Up! skilled trades career fairs to more cities this fall, introducing over 35,000 students to exciting, in-demand careers in the trades. For the third year in a row, these…

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84% of Manufacturing Executives Anticipate a Recession by 2026, According to New CADDi Research

September 11, 2024 While nearly half (49%) of U.S. manufacturers expect a recession to hit in 2025 and an overwhelming majority (84%) think it will happen within the next two years, most are overlooking straight-forward opportunities to lower their costs and drive profitability ahead of a down market, according to new research conducted and released on September…

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Humber Polytechnic Recognized with STARS Gold Rating for Sustainability Excellence

September 11, 2024 Building Brilliance: Humber ranks first among all North American peers Humber Polytechnic’s leadership continues to shine as it holds its STARS Gold rating from the Association for the Advancement of Sustainability in Higher Education (AASHE), reflecting ongoing excellence in sustainability. The STARS (Sustainability Tracking, Assessment & Rating System) program measures and promotes…

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Manufacturers Are Embracing AI, Reveals Survey from Universal Robots

September 11, 2024 Universal Robots (UR), the Danish collaborative robot (cobot) company, recently asked 1,200 manufacturers across North America and Europe how they use technology and how they plan to invest for the future. In the survey more than 50% responded that they already harness artificial intelligence and machine learning in their production. “AI isn’t just hype,”…

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Hammond Power Solutions Awarded Top Spot in 2024 TSX30 Ranking

September 11, 2024 Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type transformers and power quality solutions, announced the recognition as the top-performing company in the 2024 TSX30 ranking, highlighting the top-performing companies on the Toronto Stock Exchange. “Being named the top company in the 2024 TSX30 underscores the commitment from our…

Introducing the Festo Certified Systems Integrator Program!
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New Festo Canada Program Helps End Users Find System Integrators for Automation Projects 

September 10, 2024 New Festo Canada Program Helps End Users Find System Integrators for Automation Projects  For end users wanting to incorporate more automation in their operations but lacking the in-house capability to make it happen, Festo Canada has a solution to overcome that barrier. The company’s new Certified System Integrator Program will match an…