How to resolve AdBlock issue? Linamar invests in advanced robot drive firm
- Details
- August 11, 2021
Click image to enlargeLinamar Corp. has taken a minor equity position in Netherlands-based automation manufacturer Innovative Mechatronic Systems B.V. (IMSystems) to secure its exclusive place as the manufacturer for IMSystem’s new robot and automation transmission.
The exclusive Global Manufacturing Agreement will see Linamar manufacture the Archimedes Drive transmission system, an assembly module that uses frictional contact instead of gear teeth to transmit torque, resulting in a more efficient and precise gearbox for robots and automation.
"I am very pleased to announce this manufacturing agreement and investment with IMSystems," said Linda Hasenfratz, Linamar's CEO. "This strategic partnership is another great step for us into the opportunistic industrial robotics market, given the growing global trend of industrial automation and the ongoing demand for better, more accurate robotic systems."
Both companies see the technology as accurate, robust, efficient, and scalable than competing technologies. As part of the agreement, Linamar commits to be the manufacturing source for the system once the design is proven and production requires scale up.
The deal leverages Linamar's manufacturing expertise, infrastructure, design for manufacturing capabilities, and supply chain management expertise to allow for rapid commercialization of the Archimedes Drive transmission.
"We are very excited about the interest we have been able to attract from key stakeholders that will ensure IMSystems' long-term success," said IMSystems' CEO Jack Schorsch. "We have brought together a consortium of investors and now a manufacturing partner in Linamar that will significantly contribute to a successful commercialization."
IMSystems' existing shareholders included ABB Technology Ventures and InnovationQuarter (IQ), a regional economic development agency in the Netherlands.
Don’t be fooled by signs that North America’s supply chains are getting back to normal at major entry points. Canadian metalworking shops should continue to expect supply chain issues for the foreseeable future. Here’s why:
The recent ISO recertification of Mazak Corp.'s Florence, KY, manufacturing operations, comes on the heels of the company's adoption of a new manufacturing concept it calls "iSMART Factory."
2016 marked Honda Canada's third consecutive year of record annual automotive sales. The company reported that annual sales increased 5 per cent in 2016 with 186,676 sales versus the previous best annual sales of 177,506 units in 2015.
US president Joe Biden’s controversial electrical vehicle (EV) incentive plan, which could prove disastrous for Canada’s fledgling EV assembly ambitions, has been left teetering in uncertainty following the loss of support from a key Democrat senator yesterday.
Additive manufacturing firm Solaxis Ingéniosité Manufacturière Inc. has been granted $650,000 in federal money to invest in new, state-of-the-art computer equipment and machines.
Chysler Canada is having a good run: July marked the 56th consecuative month of year-over-year sales growth with July sales of 28,007 hitting the highest July sales in the company's history.
Single Source Technologies (SST) Canada has named Martin Craven president of the Mississauga-based based machine tool supplier.
Supply chain issues continue to hamper the manufacturing sector, with the latest report from Linamar Corp. confirming the impact on its key target markets, Access, Agriculture and Automotive markets.
EMO 2013's theme "Intelligence in Production" was aptly named and clearly in evidence among many exhibitors.
Cory Barrette, Michael Belanger and Jonathon Artiss have joined Delcam North America's post-sales support team, based in Windsor, ON.
A British group is hoping that additive technology from Renishaw will help it to win the America's Cup, the oldest international trophy in sport, started in the UK but never won by a British team.
The Ontario government is replacing the Ontario College of Trades (OCOT) with a new crown agency the provincial government hopes will make Ontario’s skilled trades and apprenticeship system more efficient, accessible and easier to navigate.
With the Winter Olympics underway in Korea, World Steel, a non-profit organisation representing global steel manufacturers, has published an article on how innovation in steel is a crucial success factor for elite-level ice hockey teams.
Brian Papke, former chairman and current executive advisor to the board of Mazak Corp., has received the prestigious Al Moore Award for his lifetime of dedication to the manufacturing industry.
