CIMdata Blog

KORE Group Holdings, Inc. ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, reported financial and operational results for the three and nine months ended September 30, 2024. Q3 Highlights Third quarter 2024 revenue was $68.9 million, a 0.4% increase from $68.6 million in the same period last year. A 3% increase in IoT Connectivity revenue of $56.7 million from $55.2 million in the same period last year was driven by organic growth. A 9% decrease in IoT Solutions revenue of $12.2 million from $13.5 million in the same period last year was due to the decision to wind down lower margin hardware business. Net loss was $19.4 million for the third quarter of 2024, a 80% decrease from a net loss of $95.4 million for the same period a year ago largely due to the goodwill impairment recorded in the third quarter of the

Nano Dimension Ltd., “Nano Dimension” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printing solutions, announced financial results for the third quarter ended September 30th , 2024 and shared a letter from Yoav Stern, the Company’s Chief Executive Officer and member of the Board of Directors. Revenue: For Q3/2024 was $14.9 million, compared to $12.2 million in Q3/2023. For the first nine months of 2024 was $43.2 million, compared to $41.9 million in the same period in 2023. Gross Margin (“GM”): For Q3/2024 was 48.2%, compared to 44.2% in Q3/2023. For the first nine months of 2024 was 46.6%, compared to 44% in the same period in 2023. Adjusted1 Gross Margin (“Adjusted GM”): For Q3/2024 was 50.5%, compared to 48.0% in Q3/2023. For the first nine months of 2024 was 48.9%, compared to 47.5%. in the same period in 2023. Net Loss: For Q3/2024 was a loss of $8.6 million, compared to

Ansys announced it is integrating the NVIDIA Modulus AI framework into Ansys semiconductor simulation products to deliver AI functionality that significantly speeds up design optimization. This will enable engineers to create customized and generative AI surrogate models that accelerate design iterations and explore a larger design space. The technology integration will enhance the outcome for a wide range of products, including GPUs, HPC chips, AI chips, smartphone processors, and advanced analog integrated circuits.  NVIDIA Modulus is a physics-AI framework to train and deploy models that combine physics-based domain knowledge with simulation data, allowing users to create customized AI engines tailored to their needs. As AI gets integrated into computer-aided engineering workflows, it is important for users to have a seamless and integrated pipeline that allows data generated by solvers to flow to AI frameworks used to train models. Integrating NVIDIA Modulus framework into the Ansys SeaScape platform will enable customers to use

EarthCam, the leader in live camera technology, content, and services, today announced new visual data capabilities for Procore at Groundbreak, a leading construction industry conference. EarthCam is Procore’s number-one site camera partner, and its new advancements include live video combined with Procore’s Schedule to create a unique one-stop view of progress in the context of key project milestones. The Schedule integration enables clients to link Procore schedule data directly into EarthCam content, producing dynamic visual reports that merge high-quality site imagery with current and upcoming tasks. This simple, yet powerful combination creates extremely valuable insights that increase ROI, while helping teams verify progress. “The link between EarthCam and Procore has been beautiful,” said Jon Hegarty, regional construction director at Five Guys Burgers & Fries. “The fact that we can create a one-stop shop and easily access the EarthCam from Procore through the apps - it's been a great tool for us as a team

Hexagon’s Manufacturing Intelligence division has unveiled an automated computer-aided manufacturing (CAM) programming tool, called ProPlanAI, that cuts the time taken to program factory machine tools by 75%. Powered by Microsoft Azure services built into Hexagon’s cloud-based Nexus connectivity and collaboration platform for discrete manufacturers, the new artificial intelligence technology is the next step in the evolution of CAM programming enabling machine shops to achieve operational excellence at scale. ProPlanAI was unveiled at the Microsoft Ignite Conference in Chicago, USA. Hexagon’s AI application applies Microsoft’s Azure OpenAI Service, Azure Cosmos DB and Azure Databricks to help manufacturing businesses of any size to apply their institutional knowledge more quickly, easily, and thoroughly, by applying artificial intelligence (AI) to automate time-consuming process planning. Due for public launch in Q1 2025, ProPlanAI will ‘learn’ from the data being created by a company’s CAM programmers. This will enable manufacturers to automatically explore existing programming information to predict

Hexagon’s Manufacturing Intelligence division has unveiled new capabilities in 3D printing with a new technology that eliminates costly trial-and-error in precision metal part production. The innovative Advanced Compensation approach uses advanced geometry compensation to ensure large or complex metal parts distort into their intended shape during the printing process. By combining process simulation and 3D scan compensation, the most challenging parts with tight quality tolerances can be printed successfully with just one prototype build. Despite its transformative potential, additive manufacturing has faced several barriers that have slowed the pace of adoption in safety-critical and precision-engineered applications such as machine building, aerospace and medical prosthetics that require high surface quality, repeatability and dimensional accuracy. The complex physical processes of laser powder bed fusion (LPBF) printing often lead to inconsistencies, deviations and defects that are unacceptable quality for complex parts with tight, critical tolerances. Hexagon’s Simufact Additive software is trusted by leading manufacturers to

Materialise, a global leader in 3D printing software and services, is announcing software enhancements to expand users’ ability to customize their 3D printing operations. The updates allow users to create custom workflows in Magics software, protect the intellectual property behind component designs, and print high-performant geometries. Materialise also announces several collaborative efforts, including an initiative with HP to reduce its CO2 emissions with carbon-reduced PA 12. "3D printing is evolving from a focus on technology innovation to becoming an essential tool in industrial applications,” said Udo Eberlein, Vice President of Materialise Software. “The next phase is about empowering users to adapt this technology to their specific manufacturing needs. With our latest updates, we’re providing the tools and flexibility to help them meet these unique requirements. This ‘power to the people’ approach underscores our commitment to enabling manufacturers to achieve precise, impactful results in their production workflows." Magics opens its SDK for greater

OpenText™ announced a new Partner Enterprise Learning Subscription at OpenText World 2024. The Partner Enterprise Learning Subscription gives Partners the ability to build the skills they need at scale and helps customers verify their Partner has the relevant product-related skills, giving them confidence in their choice of Partner.  It is another important investment by OpenText in its Partner Network and makes it easier for Partners to expand, build and sustain their OpenText practices. It gives Partners: a cost-effective training solution to address any skills gaps; visibility of capacity constraints and a way to resolve them quickly; insight into the skills available across their geographically dispersed teams; and the ability to adopt a just-in-time, on-demand learning approach, at scale. The Partner Enterprise Learning Subscription provides flexible, unlimited access to all commercially available self-paced training, hands-on lab environments, and certification vouchers. Integrated with the Learning Subscription are training analytics that allow the Partner to measure content consumption and track skill

OpenText™ unveiled Cloud Editions (CE) 24.4 at OpenText World 2024, presenting a suite of transformative advancements in Business Cloud, AI, and Technology to empower the future of AI-driven knowledge work. This release delivers secure, AI-integrated solutions that strengthen data connectivity, streamlines workflows, and enhances human potential—addressing the needs of forward-thinking CIOs and business leaders navigating multi-cloud environments. As multi-cloud strategies become standard practice, enterprises are now leveraging them to enhance flexibility, reduce vendor lock-in, and improve resilience. Seamless data flow across an organization’s cloud ecosystem is essential for data accessibility, informed decision-making, and operational continuity. OpenText Cloud Editions 24.4 provides the ideal foundation, supporting secure and efficient data movement across platforms while maintaining compliance and mitigating risk in complex multi-cloud setups. “OpenText Cloud Editions 24.4 is purpose-built to empower today’s knowledge-driven workforce by blending AI with secure, seamless data connectivity,” said Muhi Majzoub, EVP and Chief Product Officer at OpenText. “As AI

Elysium has released CADdoctor SX10.0.1. Key Enhancement Changed support of CAD versions Import & Export Options Versions added in SX10.0.1 Supported Versions CATIA V5 (Standalone) Importer R34(V5-6R2024) R10 – R34(V5-6R2024) NX (Standalone) Importer NX 2312 Series UG10 – NX 2312 Series (until 2312.7000) Creo Parametric (Standalone) Importer 11.0 2000i – Creo Parametric 11.0 JT (Standalone) Importer v10.10 v6.4 – v10.10 To view the original press release, please click here. Search for Elysium on CIMdata.com