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ABB and Powrmatic Announce New Agreement for Electrical Distribution Solutions on Canadian Market

May 23, 2024 ABB Canada and Powrmatic Canada Ltd., a distributor of residential, commercial, and electrical supply equipment based in Eastern Canada, have announced a new regional distribution agreement. Powrmatic will provide electrical contractors increased access to a complete portfolio of cutting-edge ABB products and smart building solutions including, safety switches, switchboards, panelboards, amongst others,…

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ABB Invests in Strategic Partnership with GridBeyond

May 23, 2024 Partnership with GridBeyond extends ABB’s Electrification Service digital portfolio in energy management and optimization ABB has announced a minority investment in GridBeyond, a leading technology player providing energy management solutions based on artificial intelligence and data science that will enable our customers to optimize distributed energy resources and industrial loads. The investment…

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ABB Invests in Ndustrial to Accelerate Decarbonization Through AI-Powered Energy Management Technologies

May 23, 2024 ABB has announced a minority investment in Ndustrial, a US-based clean technology startup that has developed a leading-edge, AI-powered energy management platform. This innovative technology enables smarter, production-aware energy decisions in real time, helping customers reduce operating costs, optimize energy consumption and accelerate decarbonization. The investment was made through ABB Ventures. Financial…

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Investing to Grow Agriculture and Food Exports

May 22, 2204 More than 175 projects approved for funding through the Grow Ontario Market Initiative The governments of Canada and Ontario are investing over $7 million in approved projects through the Grow Ontario Market Initiative which is helping Ontario agriculture and food businesses to increase their sales in domestic and foreign markets. This five-year,…

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Ontario Continuing to Attract New Investments and Jobs

May 22, 2024 Province adds 25,000 new jobs in April Vic Fedeli, Minister of Economic Development, Job Creation and Trade, issued the following statement on May 10’s employment release by Statistics Canada, which showed Ontario is leading the nation in job creation, adding 25,000 jobs in April, including 5,800 jobs in the manufacturing sector. “For…

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Ontario Refurbishing Hydroelectric Station in Cornwall

May 22, 2024 R.H. Saunders Generating Station will supply reliable, affordable and clean power for decades to come The Ontario government is supporting Ontario Power Generation’s (OPG) plan to refurbish its R.H. Saunders Generating Station in Cornwall, the second largest hydroelectric station in Ontario. This infrastructure program would invest more than $600 million to secure…

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Safety and Security in Transformation

May 21, 2024 Thomas Pilz Pilz is an automation company. Our core competence is safety. Every day, our mission is to make the world more digital, connected, flexible, efficient, safe and secure. We want to contribute towards ensuring that the transformation of industry can succeed. Certain industries are affected more strongly by this transformation than…

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Industry in Transformation: Sustainability and Digitization Need Safety and Security

May 21, 2024 Industry in transformation: Sustainability and digitisation need Safety and Security Thomas Pilz “Our industry is undergoing a process of transformation. Digitisation and sustainability are the drivers of a changing industry. Digitization in industry leads to the networking of production systems. The risk of manipulation (intentional or otherwise) or data leakage increases with…

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Universal Robots and MiR Open New Robotics Hub in Denmark

May 15, 2024 Global robotics leaders Universal Robots (UR) and Mobile Industrial Robots (MiR), both Teradyne Robotics companies, will share headquarters to increase synergies and accelerate innovation within advanced robotics. Universal Robots, the Danish collaborative robot (cobot) company, and MiR, the Danish manufacturer of AMRs (autonomous mobile robots), recently celebrated the Grand Opening of their…

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Asahi Kasei to Build a Battery Component Plant in Port Colborne, Ontario

May 14, 2024 Asahi Kasei’s decision to build this new facility in Port Colborne is a testament to Canada and Ontario’s competitive business environment, Canada is a global leader in the electric vehicle (EV) market. As demand for EVs continues to grow, we want more of these vehicles to be assembled right here in Canada….

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Ontario Completes Largest Battery Storage Procurement in Canada to Meet Growing Electricity Demand

May 14, 2024 Successful electricity generation and storage procurement will meet province’s energy needs through 2030 The Ontario government has concluded the largest battery storage procurement in Canada’s history and secured the necessary electricity generation to support the province’s growing population and economy through the end of the decade. This successful procurement marks another milestone…

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Quarter 1 2024 Financial Results for HPS

May 13, 2024 HPS announces its financial results for the first quarter 2024 Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, has announced its financial results for the first quarter 2024. “We begin 2024 at a strong pace as we continued to grow our…

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Honda Plans to Establish Comprehensive Electric Vehicle Value Chain in Ontario, Canada

May 10, 2024 Honda Motor Co., Ltd. has announced that it plans to build a comprehensive EV value chain in Canada with an approximate investment of CAD$15 billion, including investment by joint venture partners, to strengthen its EV supply system and capability to prepare for a future increase in EV demand in North America. Honda…

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Asahi Kasei to Construct a Lithium-ion Battery Separator Plant in Canada

May 10, 2024 Asahi Kasei has announced that it will construct an integrated plant in Ontario, Canada for the base film manufacturing and coating of Hipore™ wet-process lithium-ion battery (LIB) separator1. In relation to this plant, Asahi Kasei has concluded a basic agreement with Honda Motor Co., Ltd. (Honda) and the two parties are currently…

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ABB and Niedax Group to Create Joint Venture to Meet Growing Demand for Cable Tray Systems in North America

May 8, 2024 Electrification and automation leader ABB and Niedax Group, a leading global supplier of cable management systems, have entered into an agreement to form a new 50/50 joint venture. The transaction is subject to customary closing conditions. Expected to close and commence operations in Q4 2024, the collaboration will integrate the North American…