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FARO® Technologies, Inc., a global leader in 4D digital reality solutions, announced its financial results for the second quarter ended June 30, 2024. "As I reflect on the completion of my first year at FARO, I am pleased with the execution of the first phase of our journey to drive operational excellence and we are pacing well ahead of our expectations," said Peter Lau, President & Chief Executive Officer. "By continuing to build a strong base of financial performance, marked by consistent EBITDA and free cash flow generation, we are investing in several multi-year value creation activities. Against the backdrop of a difficult macroeconomic environment, FARO delivered GAAP net loss of $0.5 million and $8.4 million of adjusted EBITDA, or 10.3% of revenue, concluding a first half of 2024 adjusted EBITDA that exceeded full year fiscal 2023 adjusted EBITDA. Looking forward, we are excited about the next phase in our journey, as we communicated in March, to deliver

The HOMAG Group continues to feel the effects of the customers’ reluctance to invest. Sales and earnings decreased in the first half of 2024. The job cuts in Germany announced at the end of 2023 could be achieved entirely on a voluntary basis without operational layoffs. “As expected, the first half of 2024 has not yet brought a recovery in our industry,” emphasizes CEO Dr. Daniel Schmitt. “The weak demand from the furniture and wood construction industries has persisted and is reflected above all in the low level of single machine business.” In the first six months of 2024, the HOMAG Group’s order intake increased only slightly by four percent to EUR 699 million compared to the low figure of the previous year (previous year: EUR 671 million), with the second quarter being particularly subdued. The order backlog decreased to EUR 833 million as of June 30, 2024 (6/30/2023: EUR 930

EON Reality, the world leader in AI-assisted Virtual Reality and Augmented Reality-based knowledge transfer for industry and education, today announced the launch of its Expanded Language Support feature for its cutting-edge XR platform. This revolutionary update significantly enhances the accessibility and inclusivity of XR experiences by supporting multiple languages and providing high-quality translations. The Expanded Language Support feature introduces robust multilingual capabilities, allowing users worldwide to access and benefit from XR experiences in their native languages. With support for a wide range of languages, the platform now caters to a truly global audience, breaking down linguistic barriers in education, enterprise training, healthcare, and public services. “At EON Reality, we believe that knowledge is a fundamental human right,” said Dan Lejerskar, Chairman of EON Reality. “With our new Expanded Language Support feature, we’re not just translating words; we’re translating experiences, cultures, and opportunities. This leap forward in our technology democratizes XR learning on

Kubotek Kosmos announced the 6.1 Service Pack release of the Kubotek Kosmos MBD/CAD Utility software products (Validate, Revision, and View/Convert). The release is available for download by current license holders, and provides users with updated file translators for several CAD platforms several as well as fixes based on user feedback. Improved Translators The 6.1 releases of all Kubotek Kosmos MBD utility programs include added support for solid and surface data from several prominent CAD formats: PTC CREO version 11.0 Autodesk Inventor version 2025 Siemens NX 3D 2312 Series Additionally, the View product added ability to read drawings from the Siemens NX 2D 2312 Series. This adds to an extensive library of native 2D formats that Kubotek Kosmos View is capable of reading. VALIDATE Part Tree Enhanced With Body Mass Information For the 6.1 release, the part tree in the Validate program has been enhanced with a mass properties node for each part. This area of the tree includes

OpenText™ unveiled its OpenText Axcelerate with Aviator, a groundbreaking innovation to its eDiscovery platform, recently enhanced in the company’s Cloud Editions 24.3 product release. Designed for legal professionals, Axcelerate with Aviator elevates legal professionals through the power of Large Language Models (LLMs) to drive data-driven insights, mitigate risks, and lower eDiscovery costs. In today's fast-evolving legal industry, the demand for efficient and cost-effective e-discovery solutions is at an all-time high. According to a recent survey conducted jointly by OpenText and Corporate Counsel Business Journal (CCBJ), 54% of corporate legal teams plan to leverage AI to free up time for high-value work, 52% aim to improve decision-making, and 48% seek to increase productivity. Generative AI is playing a significant role in this transformation, with its applications including document summarization, legal research, and compliance monitoring. "Axcelerate with Aviator will revolutionize how in-house legal teams operate," said Michael Acedo, Chief Legal Officer at OpenText. "By leveraging the power of Large Language Models, Axcelerate with Aviator will automate document review giving legal professionals faster access to key facts and evidence to improve early data-driven decisions and gain a powerful strategic advantage in

Qualtrics announced the FedRAMP® Moderate Authorization of the company’s full suite of AI-powered conversational analytics and natural language processing (NLP) technologies available in XM Discover. This designation enables the federal government to access Qualtrics’ industry-leading technology to build a richer understanding of people’s experiences with its services. With this certification, federal agencies can use Qualtrics to capture every piece of structured and unstructured customer feedback shared with them – including call center conversations, chat, social media posts, reviews, and surveys – while complying with security and risk assessment requirements for cloud technologies and federal agencies consistent with FedRAMP Moderate. The achievement affirms that the sophisticated AI and machine learning capabilities built into the Qualtrics® XM Platform® meet rigorous federal security standards, marking a significant milestone that underscores Qualtrics’ commitment to providing secure and reliable solutions for the more than two thousand federal agencies. Government services fall short compared to other industries in customer

We are thrilled to announce the release of ELEMENTS version 4.2.1, an open-source CFD software suite for vehicle design applications distributed by Streamline Solutions LLC. This release also introduces updated versions of the add-on modules ELEMENTS-Adjoint and ELEMENTS-Coupled. ELEMENTS 4.2.1 is focused on bug fixes and code refinements to address known issues found in the previous release 4.2.0. For more information, existing users should refer to the Release Notes provided with the software. To download the latest release of ELEMENTS, please log in to the ENGYS Customer Portal and navigate to the Downloads section to access the latest installation files for both Linux and Windows. We would also like to remind everyone that all support for ELEMENTS version 3 will be deprecated on 31st August 2024, as previously announced 18 months ago. Please take all the necessary precautions to complete the migration from version 3 to version 4 before the deadline. To view the original press release, please click

Altair, a global leader in computational intelligence, and L&T Technology Services, a global digital engineering and R&D services company, jointly announced the establishment of a digital twin center of excellence (CoE) to accelerate digital transformation. The CoE will deliver cutting-edge digital twin capabilities to joint customers worldwide across mobility, high-tech, and sustainability segments, enabling premier digital twin solutions for enhanced innovation and efficiency. The CoE will help organizations learn the latest methodologies and technologies in the areas of:  AI-powered engineering to transform products, systems, and processes Innovation labs to simulate new use cases Predictive maintenance Rapid product development to reduce cycle time for physical prototyping  Hands-on training  “In a world defined by the ever-increasing pace of technology and market pressures, this initiative will help organizations stay ahead of technology trends, maximize their investments, and bring better, more informed products and processes to market faster,” said Stephanie Buckner, chief operating officer, Altair. “Our advanced approach combined with LTTS’ expertise

Aurigo Software, the leading provider of capital planning and construction management software for infrastructure and private owners, announced the appointment of Johann Potgieter as Director of Product Management. In this role, Johann will lead a newly established team in creating innovative solutions tailored to address challenges faced by civil contractors within the heavy construction sector. “Entering the civil contractor market is a natural extension for Aurigo,” said Balaji Sreenivasan, CEO and founder of Aurigo Software. “We are committed to creating solutions that empower not only our owner customers but also their contractors, who are integral to the construction process. Johann, with his substantial industry knowledge and experience, will play a pivotal role in leading this initiative.” Johann is a construction technology veteran with over ten years of product development experience. A professional engineer by trade, he began his career in the civil contracting sector. Johann’s extensive research credentials include postgraduate studies at

Blackline Safety Corp., a global leader in connected safety technology, is pleased to announce the appointment of Robin Kooyman, CFA, MBA, as the company's new Chief Financial Officer (CFO) effective September 9, 2024. Robin brings 15 years of global experience in finance, capital markets, and strategic leadership, having held prominent positions with Brookfield Corporation, TD Securities and RBC Capital Markets in Canada, the U.S., and the UK. She joins Blackline Safety from Charger Ready Properties, an energy transition business, where she served as CFO establishing the accounting, finance, IT, and legal functions. Previously, she served as CFO at Certarus, a rapidly growing North American distributor of low carbon energy solutions. During her term the company saw its adjusted EBITDA double and was acquired by Superior Plus for over $1 billion in 2023. During her tenure as a Senior Vice President of Investor Relations at Brookfield Renewable in London, England, she played a pivotal role in boosting