Industry 4.0 and manufacturing analytics panel at IMTS

Swimming in Data: Thriving in an Era of Rapid Change - Assess your digital strategy…and maybe catch a wave.

August 28, 2018
Edited by Elizabeth Engler Modic

Chicago, Illinois – How efficient are your machines? What are the main sources of downtime and overall equipment efficiency (OEE)? Do you want to know how to successfully implement Industrial IoT and Industry 4.0 technology at your facility? You’re not the only one learning to swim even as the waters rise around you.

Join moderator Russell Waddell from the MTConnect Institute on Wednesday, September 12, 2018 at 2:00pm CT, in the Student Summit Orientation Theatre, McCormick Place, North Building, Level 1, for the Industry 4.0 and Manufacturing Analytics Panel at IMTS 2018.

Panelists include:

Bill Bither, MachineMetrics
Natan Linder, Tulip
Swen Niebann, Autodesk
Rob Keenan, SECO Tools
Gary Mankus, Tsugami/Rem Sales

There’s already a dizzying array of new software, networking, and connectivity products to choose from, and the pace of new releases is only increasing. Most are cheap and quick to deploy. All promise massive productivity gains and incredibly short payback times.

How do you figure out the products worth trying? When is the right time to start? And what does starting even look like?

The manufacturing technology industry is changing incredibly rapidly; modern software and networking in the factory is now a question of “when” and not “if.” Attending this panel is a tool to assess your digital strategy…and maybe help you catch a wave.

IIC 2018 Conference: To IIoT or Not to IIoT, that is the Question

Unlock the answers to IIoT to discover how it fits into Industry 4.0 and why it's beneficial

August 28, 2018
Edited by Michelle Jacobson

IMTS/Events

Plan to attend The IIC 2018 Conferences to gain deeper insights into new manufacturing technologies and ideas!

About the topic

There is still a lot of confusion and mystery around the Industrial Internet of Things (IoT).With all the hype around IoT and Industry 4.0, what does that really mean to a manufacturer? There has been an explosion of IIoT providers and devices from small startups up to large automation providers. Let's cut through the hype and buzzwords to get to the real answers.

We will address questions including:

What is IIoT?
What is the difference between IIoT and IoT?
How does IIoT fit in with Industry 4.0?
Why should I implement an IIoT solution?
How will this make my processes better?
What is the ROI? Where do I start?
What technology is right for me?

We will decipher the lingo and look at IIoT and Industry 4.0 to help demystify the technology and look for practical, money-saving solutions.

Registration is now open, so check out the IMTS 2018 website for more information.

Meet your presenter

Russ Agrusa is the Founder, President and CEO of ICONICS Inc., a world-leading software developer of open-connectivity and standards-based visualization software, HMI/SCADA, and MES solutions for energy, manufacturing, industrial, and building automation. With more than 350,000 installations worldwide, ICONICS counts 70% of Global 500 companies as its customers. Agrusa has a B.S. in Electrical Engineering from the State University of New York at Buffalo and an M.S. in Computer Science from Boston University. His career began in Pittsburgh, PA, at Westinghouse Electric Corporation, where he developed real-time software for fossil and nuclear power plants. He later joined the Foxboro Company in Massachusetts, leading human machine interface (HMI) product development for the Foxboro Intelligent Architecture series distributed control system, before starting ICONICS in 1986. Wanting to take advantage of the emerging PC-based automation market, and to create off-the-shelf HMI and SCADA software for factory automation, Agrusa recognized that OPC was central to the future of automation and led ICONICS to produce the first commercially available HMI/SCADA, "OPC-to-the-Core"-based product. ICONICS has greatly contributed to the success of the OPC Foundation, with Agrusa himself serving as a member of the foundation’s Board of Directors, as well as its marketing chairman.

Medical device industry funding, M&A round-up

CytoSorbents, DexCom, TypeZero Tech, Endologix, Utrotronic, and 410 Medical participate in raising funds, acquisitions, technology, and winning research awards.

August 27, 2018
Edited by Elizabeth Engler Modic

Economy/M&A

The National Heart, Lung, and Blood Institute (NHLBI), a division of the National Institutes of Health, granted the three-year, Phase IIB Bridge Small Business Innovation Research award of up to $3 million to CytoSorbents, a critical-care immunotherapy company, based in Monmouth Junction, New Jersey, that specializes in blood purification.

San Diego, California-based DexCom acquired TypeZero Tech, a diabetes management solutions developer. Company officials expect to launch the first automated insulin delivery system using TypeZero's InControl algorithm in 2019.

Endologix, headquartered in Irvine, California, took out a $210.5 million convertible loan facility, with three unnamed investors participating in the warrant purchase. The first sale in the offering was noted on August 9, 2018, according to the SEC filing.

According to a document filed with the SEC, Urotronic, raised $20 million in an equity offering involving 7 investors. Urotronic is developing a drug-coated balloon catheter designed to treat urethral strictures in men. This latest fundraising follows a $6 million offering that closed in July.

Durham, North Carolina-based medical device company 410 Medical Inc., focused on developing technologies for the resuscitation of critically ill patients, raised $3.1 million in new financing. The round was led by the AIM Group, with participation from the North Carolina Venture Capital Multiplier Fund, Kleinheinz Capital, and WakeMed Health & Hospitals, the health system where 410’s LifeFlow technology was developed.

IIC 2018 Conference: The Role of Intelligent Connected Devices in Reducing Downtime and Improving Efficiency Throughout a Machine’s Life Cycle

Learn where and how to apply intelligent, connected devices throughout the life cycle of a machine

August 27, 2018
Edited by Michelle Jacobson

IMTS/Events

Plan to attend The IIC 2018 Conferences to gain deeper insights into new manufacturing technologies and ideas!

About the topic

The Internet of Things (IoT) can impact every stage of a machine’s life. Using real world examples, this session will explore where and how to apply intelligent, connected devices throughout the life cycle of a machine.

Areas to be covered include:

Understanding which components are critical
Improving machine design with smart sensors
Maximizing component life by optimizing pneumatic circuits
Reducing downtime with condition monitoring
Repairing equipment faster using remote diagnostic tools

Discussions will also highlight how Industry 4.0 technologies benefit companies that would lose product batches and significant money if their processes went down; original equipment manufacturers (OEMs) looking for a competitive edge; and industries including packaging, automotive, factory automation, material handling, semiconductor, pharmaceutical, and medical.

Registration is now open, so check out the IMTS 2018 website for more information.

Meet your presenter

Jeremy King is product manager for vacuum and sensing technologies at Bimba Mfg. Since joining Bimba, he has become a certified fluid power specialist in pneumatics. King combines his pneumatic expertise with his background in sensor technologies to drive pneumatic solutions that help customers reduce downtime, increase throughput, and improve product quality.