CIMdata Blog

How can automated driving systems be reliably tested and safely put on the road? This is the subject of the project “Verification & Validation Methods” (VVM), funded by the German Federal Ministry for Economic Affairs and Climate Protection. At the mid-term event on March 15 and 16 participants will present initial results. Project partner PROSTEP will also be represented at the online event with two presentations. The PROSTEP speakers will present the demonstrator of a traceability solution (TRACY) that supports the verification and validation process. It is developed as part of the project and is freely available to all participants for the duration of the event. The VVM funding project has set itself the goal of developing a traceable proof of safety for automated driving systems including the necessary verification and validation methods. To achieve this, approaches have been developed based on the PEGASUS project, which are to be anchored via

Rockwell Automation, Inc., the world’s largest company dedicated to industrial automation and digital transformation, announced that it is doubling down on its commitment to the warehouse and fulfilment industry by exhibiting for the first time at MODEX 2022, in Atlanta, Ga., March 28-31. The company will demonstrate its proven solutions that will help customers’ operations be more intelligent, connected, and productive. “Emulate3D is excited to be exhibiting together with its parent company, Rockwell Automation, for the first time at MODEX, to demonstrate Rockwell’s game-changing automation and digital twin supply chain solutions in-person,” said Linda Freeman, manager, regional industry, Rockwell Automation. “We look forward to joining nearly 20 of our OEM, system integrator, and technology partners in Atlanta to showcase Rockwell’s technologies in booths throughout the show floor and provide attendees with an unforgettable, interactive experience.” MODEX attendees can stop by Rockwell’s booth (#B6611) to experience the newest and most innovative technology in the

Materialise NV, a leading provider of additive manufacturing and medical software and of sophisticated 3D printing services, announced its financial results for the fourth quarter and full year ended December 31, 2021. Highlights – Fourth Quarter 2021 Total revenue increased 26% to 56,989 kEUR for the fourth quarter of 2021 from 45,301 kEUR for the 2020 period. Adjusted EBITDA increased 42% to 10,490 kEUR for the fourth quarter of 2021 from 7,371 kEUR for the 2020 period. Net profit for the fourth quarter of 2021 was 4,762 kEUR, or 0.08 EUR per diluted share, compared to a loss of (2,039) kEUR, or (0.04) EUR per diluted share, for the 2020 period. Highlights – Full Year 2021 Total revenue increased 21% to 205,450 kEUR for 2021 from 170,449 kEUR for 2020. Total deferred revenues from annual software sales and maintenance fees increased 4,045 kEUR to 34,287 kEUR compared to December 31, 2020. Adjusted EBITDA increased 59% to 32,497 kEUR for

Modelon, a leading player in the simulation and analysis market that offers software products and complementary consulting services in industrial mathematical modeling, simulation and analysis of complex technical systems, invites investors to a presentation of the year-end report for the period Jan – December 2021. CEO Magnus Gäfvert together with CFO Jonas Eborn, will present the company on an audiocast at 10 am CET on March 4, 2022. The presentation will be held in English and will be available at www.modelon.com. To view the original press release, please click here. Search for Modelon on CIMdata.com

Tecsys Inc., an industry-leading supply chain management SaaS company, announced its results for the third quarter of fiscal year 2022, ended January 31, 2022. All dollar amounts are expressed in Canadian currency and are prepared in accordance with International Financial Reporting Standards (IFRS). Third Quarter Highlights: SaaS revenue increased by 49% to $7.0 million in Q3 2022, up from $4.7 million in Q3 2021. Annual Recurring Revenue (ARRi) at January 31, 2022 was up 17% to $59.5 million compared to $50.8 million at January 31, 2021. During Q3 2022, SaaS subscription bookingsi(measured on an ARRi basis) were $2.3 million, up 133% compared to $1.0 million in the third quarter of fiscal 2021. Professional services revenue was up 5% to $12.9 million in Q3 2022 compared to $12.3 million in Q3 2021. Total revenue was a record $35.4 million, 11% higher than $31.9 million reported for Q3 2021. Gross margin was 43% compared to 48% in the prior year

Velo3D, Inc., a leading additive manufacturing technology company for mission-critical metal parts, announced financial results for its fourth quarter and fiscal year ended December 31, 2021. “Our performance reflects strong execution as we exceeded our fourth quarter and fiscal year 2021 revenue forecast, surpassed our bookings target and achieved a key strategic milestone as we shipped our first Sapphire XC system which will be a significant driver of our growth in 2022,” said Benny Buller, CEO of Velo3D. “Overall, 2021 was an important and successful year for Velo3D, and I’m enormously proud of everything we achieved. Customer demand for our industry leading Sapphire systems remains high as we help some of the world’s most innovative companies create the future using our advanced additive manufacturing technology”. “In addition to shipping a record number of systems in the fourth quarter, our strong bookings reflected increasing demand across a number of verticals as we execute

Engineers at the Technical University of Munich (TUM) are making transportation history: After winning all four competitions for the fastest prototypes, the TUM Hyperloop team is now building the first full-scale prototype - including the vacuum tube. The prototype of the high-tech concrete tube is being designed using Allplan. A research team of 94 members and 29 different nationalities, including professors, research associates and students are working to turn the vision of climate-neutral travel at hyperspeed into reality. In the process, not only a life-size prototype of the electromagnetically powered passenger capsule but also a 24-meter-long piece of the Hyperloop vacuum tube will be developed by the end of 2022. The capsules are expected to one day float at a speed of 1,000 km/h through the tube, which will run above ground as well as underground, regardless of the weather. Allplan for the tube The research group working on the design of the vacuum tube decided to use

IFS, the global cloud enterprise software company, announced that EDF Renewables UK and Ireland, the leading renewable energy company, has chosen the IFS Cloud™ platform to deliver Enterprise Asset Management (EAM) to support their ambitious growth plans. EDF Renewables UK and Ireland is a joint venture between EDF Renewables Group (EDF’s global renewable business) and EDF Energy (EDF’s UK generation business) and specialises in wind, solar and battery technology. To support their plans to increase total green energy output produced by their onshore and offshore operations, EDF Renewables UK launched the project in 2021. During the engagement with IFS, the teams on both sides developed mutual trust and a joint vision of the optimal way to achieve the project’s goals and objectives. EDF Renewables UK and Ireland chose IFS Cloud due to its clear operational and commercial advantages. IFS provides a future-proof solution built around a concept of composable enterprise, which gives EDF Renewables UK

L&T Technology Services Limited, a leading global pure-play engineering services company, announced that it has been recognized as a Global Preferred Engineering Supplier for European multi-national aerospace major Airbus, under its EMES3 (Engineering, Manufacturing Engineering and Services Strategic Suppliers) program and has been awarded with a multi-year contract. The result is an outcome of an extensive Airbus Group assessment of LTTS’ capabilities and expertise across Engineering, Manufacturing Engineering and Customer Services domain conducted over a year. The engagement covers all Airbus divisions, subsidiaries and affiliates. With the EMES3 selection, LTTS has entered into a long-term commitment to provide best in class technology and engineering capabilities to the Airbus Group. LTTS has also scaled up operations across Airbus’ key geographic locations including Toulouse (France), which is poised to become the main R&D Centre of Excellence (CoE), serving LTTS’ wide aerospace customer portfolio, along with LTTS’ strong talent pool of 17,000+ engineers operating out of India

Infosys, a global leader in next-generation digital services and consulting, and Roland-Garros (RG), announced the renewal of their three-year long partnership for a further five years. The agreement will see Infosys continue to push the boundaries of technology for the Parisian Slam as the Official Digital Innovation Partner, through 2026. Together Roland-Garros and Infosys have transformed the experience for the entire tennis ecosystem, introducing next-generation solutions leveraging AI, cloud, and analytics. Highlights include pioneering new video and stats analysis platforms for players and coaches to revolutionize training, bolstering match analysis for broadcasters to post engaging content and introducing new ways for fans to engage with the tournament including bringing the history and heritage of RG to fans globally through the 3D Art Museum. The contract renewal will bring a new element to the partnership, with Infosys doubling down on broadcast and technology innovations while also launching a new social inclusion initiative at RG