CIMdata Blog

Recharge IndustriesTM, a Scale Facilitation® portfolio company, has engaged Accenture as its engineering provider to move forward on building one of the world’s largest gigafactories in Australia. At full capacity, the large-scale lithium-ion battery cell production facility in Geelong, Victoria, will generate up to 30 gigawatt hours (GWh) of storage capacity per year for electric vehicles and stationary energy storage markets. Construction will begin in the second half of 2023, with the goal of producing batteries equal to 2 GWh annually in the second half of 2024 and 6 GWh by 2026. As operations expand to full capacity, the factory will employ an estimated 1,500 to 2,000 workers directly. Recharge IndustriesTM and Accenture are now moving the project into the detailed engineering phase, which will lay the foundation for the facility’s construction. The two companies have signed a framework contract covering the following Accenture consulting and engineering capabilities: advisory on the facility layout, including utility planning and

Building on a commitment to cultivate a highly-trained workforce that will drive the innovative solutions of tomorrow, Trimble and the Faculty of Forestry at the University of British Columbia (UBC) are collaborating to establish a state-of-the-art Trimble Technology Lab at UBC’s Forest Sciences Centre.  As with many industries, the forestry profession is undergoing digital transformation to improve productivity and drive sustainability. Research and teaching at UBC Forestry is offering students new opportunities to learn and gain skills using industry-focused software and hardware technologies. With an in-kind gift from Trimble, the lab at UBC will be the first forestry-focused lab for Trimble and the first lab of this type in Canada. Among the lab technologies that will help expand teaching and research opportunities are computer-based decision support systems, 3D modeling software, rugged field-tablets and 3D laser scanners. Educational areas that will benefit from this new lab space include silviculture, stand dynamics, forest biometrics,

Developing hybrid digital twins with strategic insights and implementation consulting. Ann Arbor, Michigan, USA 16 January 2023—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the expansion of its Simulation-driven Systems Development (SDSD) practice team, with the addition of Sandeepak Natu as an Executive Consultant. With industry experience of more than 25 years, Sandeepak has a strong background in multi-physics-based modeling and simulation technologies, including the development and application of hybrid digital twins. Sandeepak started his career with Fluent India (now part of ANSYS Inc.) and has been associated with several engineering consultancy and simulation software organizations. He has worked with various industrial organizations helping them adopt simulation technologies and has deep application expertise in the automotive, aerospace, chemicals, pharmaceuticals, food, consumer products, and healthcare sectors. More recently, he has been involved in multiple technology and management consulting roles encompassing digitalization, simulation, sustainability, and business management, including a

Honeywell announced that it will host its 2023 investor conference at the Nasdaq MarketSite in New York City on Thursday, May 11, 2023. The event will feature presentations and Q&A panels with the Honeywell leadership team. Further details will be provided closer to the event. Presentation Materials / Webcast Details A real-time audio webcast of the presentation can be accessed at http://www.honeywell.com/investor, where related materials will be posted and a replay of the webcast will be available for 30 days following the presentation. To view the original press release, please click here. Search for Honeywell on CIMdata.com

Markforged (the “Company”), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, announced that the Company will be participating in the 25th Annual Needham Growth Conference on Jan 10, 2023. The virtual presentation is scheduled for Tuesday, Jan. 10 at 10:15 a.m. ET and can be viewed at this link or on the Company's website at www.markforged.com under the "Investor Relations" section. Additionally, Mark Schwartz, CFO, will be available for one-on-one meetings with attending investors on Tuesday, Jan. 10. To view the original press release, please click here. Search for Markforged on CIMdata.com

From 17 to 21 April 2023, ZWSOFT, a reliable all-in-one CAx solutions provider, will be present at Hannover Messe 2023 at Messegelände, Hannover, Germany, and showcase its CAx solutions, especially its flagship products ZWCAD and ZW3D. Hannover Messe: The World’s Leading Industrial Fair Hannover Messe is the world's leading fair for the manufacturing industry, with over 75, 000 visitors and 2,500 exhibitors worldwide attending in 2022. It brings the core industrial sectors together at one location – from drive engineering, automation, energy, R&D and industrial IT to subcontracting. This is the place where exhibitors break the boundaries of technology and industry.  Theme of Global Industrie 2023: Industrial Transformation – Making the Difference Hannover Messe 2023 provides everyone involved with orientation in times of energy shortages, climate change and supply chain problems. It shows the difference that exhibiting companies can make, the changes they are driving and the innovations they are developing – on the way to a smart, energy-efficient and sustainable industry.  ZWSOFT Attends Hannover Messe 2023 with Its CAx

Synopsys, Inc. announced the following presentation for the investment community. Needham Growth ConferenceThursday, January 12 at 12:00 p.m. PT / 3:00 p.m. ET Aart de Geus, Synopsys chairman and CEO There will be a live audio webcast and a replay will be available following the live event. Both live webcast and replay can be accessed via the Synopsys corporate website at https://www.synopsys.com/company/investor-relations.html. To view the original press release, please click here. Search for Synopsys on CIMdata.com

Infosys, a global leader in next-generation digital services and consulting, reported strong Q3 performance with year-on-year growth at 13.7% and sequential growth at 2.4% in constant currency. Year on year growth was in double digits for most business segments and geographical regions in constant currency terms. Large deal TCV for the quarter was the strongest in the last 8 quarters at $3.3 billion. Digital comprised 62.9% of overall revenues and grew at 21.7% in constant currency. Operating margin for the quarter remained resilient at 21.5%. FY23 revenue guidance revised to 16.0%-16.5%. FY23 operating margin guidance retained at 21%-22%. "Our revenue growth was strong in the quarter, with both digital business and core services growing. This is a clear reflection of our deep client relevance, industry-leading digital, cloud, and automation capabilities, and the unrelenting dedication of our employees", said Salil Parekh, CEO and MD. "As reflected in the large deals momentum, we continue to

Wipro Limited, a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2022. Highlights of the Results Results for the Quarter ended December 31, 2022: Gross Revenue reached ₹232.3 billion ($2.8 billion1), an increase of 3.1% QoQ and 14.4% YoY IT Services Segment Revenue increased to $2,803.5 million, an improvement of 6.2% YoY Non-GAAP2constant currency IT Services segment revenue was up by 0.6% QoQ and 10.4% YoY IT Services Operating Margin3for the quarter was at 16.3%, an increase of 120bps QoQ Total Bookings4up by 26% and large deal bookings5 up by 69% YoY Net Income for the quarter was at ₹30.5 billion ($369.1 million1), a growth of 14.8% QoQ and 2.8% YoY Earnings Per Share for the quarter was at ₹5.57 ($0.071), an increase of 14.6% QoQ and 2.6% YoY Operating Cash Flows at 142.5% of Net Income for the quarter was at ₹43.5 billion ($526.0 million1), an increase of

Cadmatic now supports DEXPI version 1.3 for both import and export to and from CADMATIC P&ID. DEXPI is an open XML format that enables process-related data to be easily transferred from one software program to another. Interoperability is a cornerstone of the Cadmatic software development philosophy. According to Cadmatic Product Owner Liisa Rosenqvist, the DEXPI cooperation allows Cadmatic customers to ensure the reliability and integrity of the data that they get from different stakeholders, operational phases, and software systems. “When you use DEXPI for smooth import of data into CADMATIC P&ID and Plant Modeller, it can shorten the time you use for the preliminary phase of your brownfield project. The P&ID data can be further used in CADMATIC eShare in the form of intelligently linked documents to the digital twin of the facility,” Rosenqvist explains. Cadmatic P&I data can also be exported via DEXPI to other software programs that support the DEXPI import. This could, for example, be the export