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Stratasys Ltd. announced financial results for the third quarter of 2020.

Q3 2020 Financial Results Summary:

Revenue for the third quarter of 2020 was $127.9 million, compared to $157.5 million for the same period last year. The 18.8% reduction was primarily driven by the adverse impact of COVID-19 on the company’s customers throughout the industries into which the company sells its products and services.

GAAP gross margin was 38.9% for the quarter, compared to 49.2% for the same period last year. Non-GAAP gross margin was 46.8% for the quarter,...

TECHNIA announced that they will host the Simulation Innovation Forum Virtual Experience on November 26th. This online event will follow the successes of TECHNIA’s three prior Virtual Experiences in 2020. These online events saw more than 3000 delegates gather to explore and discuss the future of sustainable product development and manufacture.

The Simulation Innovation Forum Virtual Experience will bring together world-leading experts to showcase pioneering simulation knowledge and help solve tomorrows challenges with today’s simulation expertise. TECHNIA Simulation Centre of Excellence and customers will present two parallel tracks covering complex simulation propositions. From collaboration using simulation tools on the 3DEXPERIENCE...

TECHNIA announced that they have entered into a strategic partnership with global, online SOLIDWORKS training experts, SolidProfessor. World leaders in CAD, CAM, BIM and engineering methods, SolidProfessor provide online and inline learning for engineers, design teams and instructors.

This strategic partnership extends the value of TECHNIA’s SOLIDWORKS offering to all areas of organizational requirement. With combined consultation from TECHNIA experts and SolidProfessor’s Skills Analyzer organizations will be able to make skills gaps a thing of the past. Inline training supports SOLIDWORKS users with the ability to learn new skills, or revisit core skills, while...

Illinois Institute of Technology has received a gift from Trimble (NASDAQ: TRMB) to establish a state-of-the-art Technology Lab for the Department of Civil, Architectural and Environmental Engineering's (CAEE) Construction Engineering and Management Program. The lab will expand the university's expertise in civil and environmental infrastructure, building construction field systems and project controls and collaboration. 

Trimble's broad Connected Construction portfolio enables all professionals along the project lifecycle to accelerate project processes—improving productivity, quality, transparency, safety and sustainability, while reducing waste.

The Trimble Technology Lab will provide students enrolled in the Illinois Institute of...

Synopsys, Inc. announced that it has acquired Moortec, a of in-chip monitoring technology specializing in process, voltage and temperature (PVT) sensors. The Moortec sensors provide a key component to Synopsys' new Silicon Lifecycle Management (SLM) platform. Data from these environmental sensors is critical to properly understanding chip performance activity and will enable the SLM platform's analytics engines to drive more detailed and precise optimizations at each stage of the semiconductor lifecycle, starting with design implementation, and progressing through manufacturing, production test, bring-up and culminating with in-field operation.

The...

By Verdi Ogwell, posted on November 11, 2020

What's happening in the PLM field for the Aerospace & Defense (A&D) industry? The issue is a hot topic not only in the wake of the dramatic coronavirus’ effects, but also related to technological developments, climate concerns and a world that seems to be heading into a massive transition from fossil-fueled to electric power generation.

How is product development affected, especially in civil aviation, when financial resources are radically reduced? What does...

What's happening in the PLM field for the Aerospace & Defense (A&D) industry? The issue is a hot topic not only in the wake of the dramatic coronavirus’ effects, but also related to technological developments, climate concerns and a world that seems to be heading into a massive transition from fossil-fueled to electric power generation.

How is product development affected, especially in civil aviation, when financial resources are radically reduced? What does the way forward look like when it comes to investments in digital tools and the corresponding methods to reach concepts such as digital twins and threads,...

OpenBOM announced the availability of OpenBOM Professional User Subscription for non-commercial use, for educators, markers, professional development, and other non-commercial projects.

The way designers develop their products is changing. More and more products are the result of a ground-up effort which often starts with an individual effort. To support these users OpenBOM has announced that OpenBOM is available for free personal use for individuals who are doing home-based, non-commercial design, manufacturing, and fabrication projects.

“We are happy to put first class BIll of Material management tools in the hands of the individual non-commercial users…. For whatever...

TECHNIA celebrates over 12 years of cooperation between Alfamail by TECHNIA and Rijkswaterstaat, Ministry of Infrastructure and Water Management. In 2020 there are more than 1000 users and 60 projects in Alfamail VISI. The partnership began with the Project Reconstruction national road N57 – for access to Middelburg and improvement in the North-South connection – which was awarded to the contractor combination Strukton/Rasenberg.

This initial project was notable as one of the first projects in the Netherlands with contract form UAV-GC and open standard VISI. Kick-off was an on-site training in Middelburg. After the training, project communication in...

Hexagon has announced a new preferred supplier agreement with the renowned ITER nuclear fusion research project based in southern France. Under the agreement, Hexagon’s Manufacturing Intelligence division will formally become the main avenue of metrology support for the project as it enters the key assembly stage. A major focus of this new agreement will be the continued provision of Absolute Tracker systems and support expertise through a team of dedicated local engineers associated with the Manufacturing Intelligence division. A wide range of other metrology devices are expected to fall under the new agreement, along with solutions from other divisions of...