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PR Newswire

ISN improves productivity by 266% with AMR solution by Körber and Locus Robotics

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HAMBURG, Germany, Oct. 9, 2021 — Automotive tool & equipment distributor is deploying integrated automation solution across three distribution centers in the US. 

ISN improves productivity by 266% with AMR solution by Körber and Locus Robotics
ISN improves productivity by 266% with AMR solution by Körber and Locus Robotics

Körber and long-time strategic partner Locus Robotics, the global leader in warehouse robotics, have joined together to deploy 49 autonomous mobile robots (AMRs) across Atlanta, Fresno, and Indianapolis for Integrated Supply Network (ISN).

The solution was initially implemented in ISN’s Atlanta location in just 90 days. This has already shown exceptional results. Picking quality, accuracy, and speed were significantly improved – from 30 to 110 picks per hour, equating to a productivity increase of 266%. ISN also significantly reduced travel times for workers, freeing up time for them to carry out other critical tasks. 

"With the AMRs, we have been able to significantly improve operations. Adoption of the AMRs has reduced physical stress of our workers, improving quality of work and as a result has increased job satisfaction. Additionally, we are reinvesting cost savings achieved with the AMR integration into higher wages for our warehouse associates, further boosting retention," says Theron Neese, Chief Supply Chain Officer at ISN.

ISN’s customer service includes picking and shipping on the same day, so high efficiency is key. The company has grown at an extraordinarily fast rate, leading to the expansion of the size of its distribution centers. Small package shipments increased from 50% pre-pandemic to 80%, adding even further fulfillment complexities. With a high reliance on warehouse labor, the current climate has brought about staffing challenges with high turnover rates amongst the competitive job market. A longtime user of a K.Motion Warehouse Management System (WMS), ISN turned to Körber to overcome these challenges with LocusBots.

"The Locus Solution allows ISN to gain higher productivity levels with the existing workforce, while also significantly improving the overall workplace environment," said Rick Faulk, CEO of Locus Robotics. "Locus also helps reduce the cost of labor recruitment, training, and retention costs, as workers spend less time walking and more time picking. And because the Locus bots handle the travel and transport of the items, workers are less fatigued and more motivated."

Bill Ryan, CEO Software North America, Körber Business Area Supply Chain, adds: "Deploying Locus Robotics’ AMRs allows ISN to improve the efficiency of their operations, overcome labor shortages and quickly scale their operations to meet rapid market growth. The successful deployment at the Atlanta site has shown that Kӧrber’s solution can be seamlessly integrated with existing system environments in a short amount of time, without disruption."

Following a successful phase one, ISN has just launched AMRs at its Fresno site with the deployment in Indianapolis following soon. The automotive tool & equipment distributor is also expanding the AMR usage to the put away process to drive further efficiency improvements.

About ISN

ISN is North America and Europe’s leading independent, wholesale distributor and private brand owner of tools, equipment and supplies in the automotive industry. With almost double the relative market share, the ISN team is positioned for growth. For 35 years, ISN has been driven to exceed expectations with sophisticated logistics, state-of-the-art technology, strategically located warehouses and a unique infrastructure. Excellence in service is routine, but our real passion is innovation to anticipate our customers’ needs in a rapidly evolving world.

About Locus Robotics

Locus Robotics’ revolutionary, multi-bot solution incorporates powerful and intelligent autonomous mobile robots that operate collaboratively with human workers to dramatically improve piece-handling productivity 2X-3X, with less labor than traditional picking systems. This award-winning solution helps retailers, 3PLs, and specialty warehouses efficiently meet and exceed the increasingly complex and demanding requirements of fulfillment environments. Locus robots may be integrated as easily into existing warehouse infrastructures as into new warehouses without disrupting workflows, instantly transforming productivity without transforming the warehouse. www.locusrobotics.com.

About the Körber Business Area Supply Chain

Supply chains are growing more complex by the day. Körber uniquely provides a broad range of proven, end-to-end supply chain solutions fitting any business size, strategy or appetite for growth. Capable of delivering not just software, but automation, voice, robotics, and materials handling – plus the expertise to tie it all together. We are a global partner not just for today, but also as the needs of supply chains continue to evolve. Conquer supply chain complexity – with Körber. The Business Area Supply Chain is part of the global technology group Körber. Find out more on www.koerber-supplychain.com  

Contact:

Heather Smith
Director Corporate Communications
Körber Supply Chain
Heather.smith@koerber-supplychain.com
T +1 800 3283271

 

Related Links :

https://www.koerber-logistics.com/en/home.html

PR Newswire

Xinhua Silk Road: China Zoomlion speeds up machinery cluster dev. with manufacturing park cons. in full swing

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BEIJING, Sept. 18, 2021 — The "smart industry city" project by Hunan-based Zoomlion Heavy Industry Science & Technology Co., Ltd. (000157.SZ; 01157.HK) on Friday took off in full swing with the headquarters building, the engineering crane machinery manufacturing park, the concrete pumping machinery park, and the aerial-work machinery park kicking off construction.

China Zoomlion holds ceremony on September 17, kicking off constructions on the headquarters building, the hoisting machinery park, the concrete pumping machinery park, and the aerial-work machinery park of its "smart industry city" project.
China Zoomlion holds ceremony on September 17, kicking off constructions on the headquarters building, the hoisting machinery park, the concrete pumping machinery park, and the aerial-work machinery park of its "smart industry city" project.

Eyeing for a global construction machinery cluster, the smart industry city project is expected to generate some 100 billion yuan of output value annually when put into function.

The project will gear Changsha City with high-end smart manufacturing namecard and a highland for advanced manufacturing base, said Changsha mayor Zheng Jianxin.

Looking ahead, Zoomlion will accelerate intelligent and green transformation and cluster development to further contribute to building Changsha City a "capital for construction machinery", said Zoomlion chairman Zhan Chunxin.

The project mainly consists of four parks with the excavating machinery park already in operation.

Annual output value of the four parks is planned to range 20-30 billion yuan each, according to Zoomlion vice president Fu Ling, noting that the project is expected to become the world’s largest construction machinery intelligent manufacturing park when completed.

It is noted that more than 260 robots, 57 intelligent production lines and four "dark factories" are planned for the engineering crane machinery park. For the concrete pumping machinery park, visual recognition, AI decision-making, laser scanning, and 3D modeling will be in place to gear 32 intelligent production lines for welding, machining, painting, and assembly. For aerial-work machinery manufacturing park, 620 sets of automation equipments are planned with 27 intelligent production lines.

Efficiency is another keyword, with the project expected to witness one concrete pump truck rolling off production line every 30 minutes, one crane every 18 minutes, one aerial work platform product every 7.5 minutes and one excavator every 6 minutes when in use.

The project also adopts sustainable philosophy such as environment-friendly details like low emission, water recycle, zero VOC emissions in the manufacturing process which is partly powered by PV solar, according to assistant president Dong Jun.

Original Link: https://en.imsilkroad.com/p/323890.html

PR Newswire

Epson Partners with Runway to Drive Digital Transformation & Build an Innovation Ecosystem

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SAN FRANCISCO, Aug. 27, 2021 — Seiko Epson Corporation (referred to below as Epson) is working with San Francisco-based Runway Innovation Hub to foster an innovation mindset, identify cutting-edge technology startups for piloting and partnership, and build strong relationships with the global innovation ecosystem.

Photo by ThisIsEngineering from Pexels
Photo by ThisIsEngineering from Pexels

Epson is on a mission to address unmet customer needs through its Open Innovation Program. As an experienced partner in corporate innovation consulting and startup engagement, Runway was selected to translate global trends into business opportunities and scout startups.

"Our partnership with  Runway has given us the opportunity to understand the Silicon Valley mindset and efficiently gain exposure to innovative startups," stated Junkichi Yoshida, COO of Epson’s Printing Solutions Division.

Yoshihiro Nakami, General Manager Epson DX Strategic Planning described, "Runway plays an important role in Epson’s worldwide innovation network. Their expertise in creating an innovation process for Epson and breadth of startup connections has accelerated our speed to pilot. We look forward to continuing our partnership." 

Runway’s team of seasoned  analysts and technology researchers have nurtured Epson’s startup partnership pipeline throughout the pandemic. Despite the global events of 2020, Runway and the Epson DX Open Innovation team have achieved strong results, including:

  • 78 startups scouted, analyzed, and evaluated
  • 22 startup meetings & demos sessions from over 6+ countries around the globe
  • 11+ partnership discussions

"Epson and  Runway have established a trusted partnership. We work very closely with the Runway team and they understand our strategic business goals. Together we are transforming step-by-step the internal mindset along with Epson’s future business." – Akihisa Obara, Epson Senior Expert and DX Project Management Lead.

One successful example is the collaboration with Avatour, a startup developing a remote collaboration platform designed to conduct meetings including for training, inspections, and other site-specific meetings. The company’s software allows users to share a real place where they can see the entire environment at 360° and interact with each other, thereby enabling remote users to effectively participate in site meetings and save time and money.

Jack Rieger, Director Digital Innovation Epson America explained, "We recognize that we don’t have good visibility to everything that is out there, so working with a firm like Runway introduced us to unknown possibilities.  We look specifically for startup or corporate partners that can help us open up new markets, enhance the value proposition of our product, and grow our business in a significant way".

Epson is seeking collaborations with innovators to co-develop solutions for remote work, distance learning, digital collaboration, stay-at-home and remote manufacturing to support its current and future customers as the world is forever impacted by the global pandemic.

Epson and Runway are continuing a strong partnership into 2021 and look forward to sourcing high-quality startups and technologies for successful piloting and business unit integration. If you’d like to collaborate, please use the links below to learn more.

About Epson:
Epson is a Japan-headquartered manufacturing company which provides printing solutions, visual communications, wearable products, and industrial solutions. Since 1942, Epson’s DNA has continued to embody the idea of efficient, compact, precision technology, and now their IoT hubs enable customers to access this whenever and wherever you are. Epson is helping their customers in education, tourism, healthcare, and disaster prevention tackle the challenges. By providing timely solutions to issues, they create customer-centric long term relationships, offering continuous support in solving social issues. Learn more at https://openinnovation.Epson.com/en/ .

About Runway:
Runway is a Silicon Valley innovation company accelerating the success of global corporate innovators and technology entrepreneurs.  Runway has worked with 40+ global corporations to drive innovation results by uncovering new trends and opportunities, scouting cutting-edge startups for strategic partnership, investment or acquisition, and successfully piloting new business concepts. Alongside its consulting practice, Runway incubates early stage startups across 20+ industries. Runway’s 350+ startups have done extremely well – they’ve raised a combined $2.5B in VC money and 53 have successfully exited. Learn more at https://runway.is/corporate-innovation/ .

Photo – https://techent.tv/wp-content/uploads/2021/08/epson-partners-with-runway-to-drive-digital-transformation-build-an-innovation-ecosystem.jpg

Related Links :

https://runway.is

PR Newswire

Anycubic’s Photon Ultra, the New DLP 3D Printer, Launches on Kickstarter

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SHENZHEN, China, Aug. 23, 2021 — Anycubic, the established 3D printer brand known for its high-quality and affordable printers, is coming to Kickstarter with a world premiere: the world’s first affordable, high-precision DLP 3D printer for consumers. The Anycubic Photon Ultra features an exclusive debut of Texas Instrument’s latest DLP technology, which brings many advantages to users, such as: low to no maintenance, extremely high-resolution prints, and much lower power consumption. DLP printers are superior to LCD based 3D printers in printing small and narrow models, but have always been prohibitively expensive, until now. Anycubic is aimed to solve this problem and fit the needs of its customers.


Main benefits of Anycubic Photon Ultra

High-precision printing

Although the specified resolution of this DLP printer Anycubic Photon Ultra is rated at 720p, its print quality is even better than that of 2k/4k monochrome LCD screen printers. This is because DLP printers use a different technology to project light compared to LCD printers. DLP printers use a projector that reflects all the light to a pixel via a micromirror, therefore, there is no light convergence, achieving crisper black-white contrasts. LCD printers converge all the light to a pixel, which can cause bumps and shadows on the edge of models. When displaying thin lines and small-size texts, DLP printers are clearer than LCD printers with purer colors and richer layers, resulting in more delicate texture and sharper corners of models.

 

Longer durability

LCD screens are a consumable, which need to be replaced every 3 to 5 months. The Anycubic Photon Ultra does not have an LCD screen and the internal projector enables the printer to be used for more than 20,000 hours. This means the average user saves about $600 on LCD screen replacements. With a Kickstarter price tag of $399, most people will have more money saved than they spent on the Anycubic Photon Ultra!

Energy saving

The fact that the Anycubic Photon Ultra doesn’t require high maintenance LCD screens is already a big step forward in creating an environmentally friendly 3D printer. The machine is also much more energy efficient, which further improves its impact on the environment. The Anycubic Photon Ultra DLP printer operates at 40% light efficiency, which is 15 times higher than the 2.5-3% that LCD printers usually operate at. It uses far less energy and is rated at 12W with an average power consumption of 8.5W. The printer consumes between 0.017 – 0.034 kWh to print a 100mm high model,

Whisper quiet printing

Lower power consumption equals less heat, which means the Anycubic Photon Ultra doesn’t need any cooling fans, making it truly whisper quiet.

Smooth edges

With 16 x anti-aliasing the edges and corners of prints are smoothed out, reducing layer lines and post-processing time.

Fast print speed

Anycubic Photon Ultra’s print speed is about 1.5s per layer, comparable to LCD printers like Photon Mono X, whose speed is 1.5 – 2s per layer. Compared to SLA’s point light source printing, its speed is up to 5 times faster.

Wide range of resin options

Anycubic Photon Ultra has options for adjustable UV power, which makes the printer suitable for use with a wide range of resins, giving users endless possibilities and creative freedom.

Better adhesion

The print bed has been laser engraved for enhanced platform adhesion and evenness, ensuring prints have a higher success rate and better stability.

User friendly interface

The Anycubic Photon Ultra debuts printing settings to be modified directly on the printer via the color touch screen, making it easier to adjust and optimize without a computer.

Price & Crowdfunding details

The Anycubic Photon Ultra is making its worldwide debut on the crowdfunding website Kickstarter, where it will be available at just $399 for the first 100 backers and $499 for normal price. After Kickstarter, Anycubic Photon Ultra’s price on Amazon will be over $599.

Anycubic Photon Ultra is launching on Kickstarter on September 15th, 2021, where it will be available for pre-order in a worldwide exclusive. We are using crowdfunding to match the innovative spirit of our customers, who are trailblazers in the creative community, always embracing the new. Our campaign will last for approximately one month, offering many benefits, discounts and special promotions to our early supporters. After Kickstarter, backers will be the first in the world to receive their Anycubic Photon Ultra, and later in the year it will become available via the regular Anycubic distribution channels at a slightly higher price.

About Anycubic

Anycubic is a leading company in the 3D printer industry, which specializes in 3D printer R&D, manufacturing and sales. We provide many affordable, high-performance and smart printers for different kinds of customers, consumers, hobbyists, schools and product designers. Since its establishment in 2015, we have been committed to propelling 3D printing technology so as to enable people from all walks of life to unleash their creativity and turn their imagination into reality.

Related Links :

https://www.anycubic.com/

PR Newswire

SKF to service Berlin underground carriages in long-term agreement

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Service agreement for U-Bahn trains includes original part supply and service for at least 606 carriages – and will last for a 32-year period minimum

GOTHENBURG, Sweden, Aug. 17, 2021 — SKF has signed a long-term agreement with Stadler Rail to equip and service rolling stock for the Berlin underground (U-Bahn) in Germany.

The contract, with Swiss rail vehicle manufacturer Stadler Rail, is worth several million Euros. It includes a number of SKF solutions ranging from wheel set bearings and axle boxes to lubrication systems. Over the more than 32-year duration of the contract, SKF will cover spares supply. The contract is covered by a performance agreement, which is measured against a set of KPIs to ensure high customer confidence.

"This contract will provide reliability and safety of spare parts over the entire period," says Thomas White, Key Account Manager for Railways at SKF. "This aims to reduce logistics efforts and raise reliability for both the train operator and Stadler Rail."

Under the agreement, SKF will service more than 606 rail carriages, to be built between 2022 and 2026. This may extend to a total of 1,500 carriages. Berlin U-bahn operator, Berliner Verkehrsbetriebe (BVG), has said that this is the largest vehicle purchasing programme in its history – with a budget of around €3 billion for up to 1,500 carriages.

Overall, the SKF contract will involve the supply and servicing of more than 12,000 wheelset bearings, among other services. The wheelset bearings are insocoated – so have a plasma coating to prevent electrical damage.

SKF’s long-standing relationship with Stadler, its ability to offer a broad service package and its technical expertise were key factors behind winning the contract. SKF was also involved in the very early phase of development – developing product solutions that were tailored to the customer’s needs.

The service contract aims to help to improve the reliability and uptime of trains on the U-Bahn.

SKF can support rail manufacturers to meet their RAMS (Reliability, Availability, Maintainability, and Safety) and LCC (Lifecycle Costing) responsibilities, a key factor in modern rail stock performance.

For further information, please contact:

Press Relations: Nia Kihlström, +46 31-337 2897; +46 706 67 28 97; nia.kihlstrom@skf.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skf/r/skf-to-service-berlin-underground-carriages-in-long-term-agreement,c3397363

The following files are available for download:

 

PR Newswire

YAOYI Technology has transformed the Bright Annealing Furnace line and improved the quality of cold-rolled stainless steel coils

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NINGBO, China, Aug. 7, 2021 — Yaoyi Stainless Steel, located in the southeast coast of China, covers an area of more than 50 acres and has 25 years of experience in the producing cold rolled stainless steel coils.

About Yaoyi
Because it specializes in the research and development, production and sales of high-precision stainless steel strip for more than two decades, YAOYI has a very close relationship with its customers, and some customers have cooperated for 23 years.

This time, the general manager of Yaoyi spent more than $150,000 to renovate the Bright Annealing Furnace line, which greatly improved the elongation, surface and mechanical properties of cold-rolled stainless steel coils.

Our Products
Yaoyi currently mainly produces cold-rolled stainless steel strips such as 201, 301, 304, 304L, and 316. It is worth mentioning that the star product 301 stainless steel coils can meet the requirements of customers for high hardness and high tensile strength.

Among the 200, 300, and 400 series of stainless steels, 301 is the steel that is most likely to be strengthened by cold deformation, and has excellent rust resistance under atmospheric conditions, so it is suitable for applications that bear higher loads, light weight, and do not rust. Equipment parts. In addition, 301 is prone to work hardening when impacted by an external force, thereby absorbing more impact energy and providing higher safety guarantee for the equipment and production personnel.

Some properties of Cold-Rolled 301 Stainless Steel are shown in the table below:

301 Stainless Steel Coils/ Strips

12Cr17Ni7

Thickness

0.02 mm – 3.0 mm

Width

3mm – 1250 mm

Hardness

180 – 600

Finish

2B / BA/ HL, etc.

Tensile

≥520 σb (MPa)

Elongation

≥40 δ5 (%)

Chemical Composition

C：≤0.15 ， Si ：≤1.0 ， Mn ：≤2.0 ， Cr ：16.0～18.0 ，
Ni ：6.0-8.0， S ：≤0.03 ， P ：≤0.045

Our Service
The raw materials are purchased from BAO STEEL, TISCO or a company designated by the customer.
-Customized stainless steel strips/ coils.
-Processing techniques like slitting, rewinding and cut to length.
-Deburring and edge dressing.
-Coil coating.
-Specific packing such as crates, heat treated pallets.
-Facility to load 20GP or 40GP containers.

Contact Us
If you need to consult other steel grades, such as 304 stainless steel or other services, remember to visit our official website (https://stainlesssteelfoil.com/) or contact our team:

Kay
Email: kay@nbyaoyi.com
+86 13967896222

Ewan
Email: ewan@nbyaoyi.com
+ 86 15888149352

PR Newswire

Production Officially Starts at USI’s Vietnam Plant

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SHANGHAI, July 30, 2021 — USI’s Vietnam plant is located in Dinh Vu, Haian District, Haiphong City, Vietnam, covering a total area of 65,000 square meters. The construction process will be finished in two phases. Recently the System in Package (SiP) modules for wearable products have received the production certificate and the first-phase plant officially started production on July 29, 2021. The main plant put into use in the first phase has a floor area of 54,000 square meters, covering an area of 18,000 square meters. In the foreseeable future, the plant will focus on manufacturing SiP modules for wearable electronic products.

USI Vietnam Plant
USI Vietnam Plant

The Vietnam plant is expected to reach full capacity in 2022 with an annual output of more than 10 million modules and create approximately 1,700 jobs for local residents, becoming a high-tech manufacturing company in Haiphong. Part of the land is still reserved to develop other businesses and meet the potential needs of future customers. In the future, the company will give full play to the competitive advantages of the Vietnam site and develop EMS/ODM/JDM businesses in the Vietnam site according to customer needs.

As the company’s first manufacturing base in Southeast Asia, the Vietnam plant is an important part of the USI’s global landscape of manufacturing sites. It will help the company respond to the orders from overseas customers more flexibly and promote the development of local economy and high-tech industries in Vietnam.

About USI

USI (SSE: 601231, A constituent of CSI300 Index), Universal Scientific Industrial (Shanghai) Co., Ltd., is a global leader in electronic design and manufacturing as well as a leader in the field of SiP (System-in-Package) modules. USI provides D(MS)2 product services: Design, Manufacturing, Miniaturization, Industrial software and hardware Solutions, and material procurement, logistics and maintenance Services. With Asteelflash, USI has 27 sales, production and service locations across four continents of America, Europe, Asia and Africa, and offers customer diversified products in the sectors of wireless communication, computer and storage, consumer, industrial, medical and automotive electronics worldwide. USI is one of the subsidiaries of ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX) which is a world-leading provider of semiconductor manufacturing services in assembly and test in the world. To learn more, please visit www.usiglobal.com and engage with us on LinkedIn and YouTube.

PR Newswire

TES Closes Deal On 10,000 sqm Battery Recycling Facility With Europe’s Largest Seaport

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– The deal between TES and the Port of Rotterdam will bolster Europe’s capacity to recycle lithium batteries –

ROTTERDAM, N.Y., July 12, 2021 — Today TES, one of the world’s largest providers of sustainable technology lifecycle services, has announced it has agreed to a deal that secures the future of a 10,000 square metre (approx. 110,000 sq. feet) recycling facility in the Port Of Rotterdam, Europe’s largest seaport.

The facility, strategically located adjacent to the waterways of the port of Rotterdam and with an option to extend onto a neighbouring plot that will increase the site to over 40,000 square metres (approx. 430,000 sq. ft), already has a basic waste license to receive, store and forward lithium batteries and to manage electric vehicle batteries and battery production scrap as well as a license to shred alkaline batteries.

The site extension is planned to be fully operational by late 2022 and will be the first lithium battery recycling plant in the Netherlands, complimenting the two other TES lithium battery recycling facilities in Grenoble (France) and Singapore.

The TES site in Grenoble was one of the first recycling sites to use an inert shredding process that safely crushes lithium batteries and developed a number of key patents for hydrometallurgical processes.

The expertise gained in France played a key role in TES opening Southeast Asia’s first lithium battery recycling facility in Singapore in March 2021. This state-of-the-art facility has the daily capacity to recycle up to 14 tonnes of lithium batteries — the equivalent of 280,000 smartphone batteries.

These existing facilities will support the development of the new, larger-scale site in the Port of Rotterdam. The combined capacities of the three facilities will make TES one of the largest service providers of lithium battery recycling globally as well as one of the largest generators of commodity materials produced from the battery recycling process.

This deal is part of an ongoing commitment from TES to improve the collection and recycling of portable and industrial batteries in Europe and supports the European Union’s goals laid out in the European Green Deal.

It is also a strategic move in preparation for the huge rise in global demand for lithium batteries as car manufacturers increase their electric vehicle outputs — which are predicted to increase 14-fold by 2030 (compared to 2018 levels).

A report from Circular Energy Storage1 in December 2020 explained that Europe is currently under capacity for sustainable lithium battery recycling, and more capacity is needed to meet waste generation by 2030.

1 https://circularenergystorage.com/reports

According to figures from the European Commission2, the EU could account for 17% of the global demand for lithium batteries by 2030, the second highest share worldwide.

Thomas Holberg, Global Vice President of Battery Operations at TES commented, "We have a vision to be a global sustainability innovator, and our unwavering ambition to turn the Port of Rotterdam site into a state-of-the-art European battery recycling facility is key in delivering that strategy. Once up and running, we will have up to 10,000 tonnes of shredding capacity per year and a subsequent hydrometallurgical process which focuses on the recovery of nickel, cobalt, and lithium as a precursor feedstock for the battery industry."

In response to rising demand, the European Commission has proposed modernising EU legislation on batteries as part of its Circular Economy Action Plan3. This includes goals for batteries that are more sustainable throughout their entire life cycle — which is key for the European Green Deal and will contribute to the EU’s zero pollution ambition.

Jean-Christophe Marti, Senior Partner and CEO at Navis Capital Partners, added, "With this investment, TES deepens its commitment to a global network of sustainable battery recycling offerings that addresses the challenges around the lifecycle while positioning TES as a trusted partner in closing the loop for our customer’s battery supply chain."

Securing the future of this facility is welcomed by the Port of Rotterdam and is another example of their continued focus on supporting the development of circular industries within the port.

Allard Castelein, CEO at the Port of Rotterdam, commented, "We are working not only towards a net zero CO2 emission port and industry in 2050 but also looking at ways to make the industry more circular. Therefore, besides working on projects regarding, for instance, hydrogen and carbon capture and storage, it is important to take significant steps to establish circular production processes. The TES project in Rotterdam is exactly that. This could very well become the largest European facility for recycling batteries from electric cars."

Holberg concludes, "Our mission at TES is to ‘close the loop’ on lithium battery production by encouraging reuse and improving the collection and recycling of the scarce metals and materials they contain. Our commitment to this facility in the Port of Rotterdam is a clear indication that we are choosing to invest in our future now and to increase capacity in the European battery recycling supply chain."

Notes to Editors

2 https://ec.europa.eu/commission/presscorner/detail/en/fs_20_2359

3 https://ec.europa.eu/environment/strategy/circular-economy-action-plan_en#ecl-inpage-875

  • The European Green Deal sets out goals for 2030 onwards to significantly improve the recycled content of scarce metals like nickel, cobalt and lithium in industrial and electric- vehicle batteries.
  • As of 01 January 2027, industrial and electric-vehicle batteries with internal storage will have to declare the content of recycled cobalt, lead, lithium and nickel they contain.
  • From 01 January 2030, these batteries will have to contain minimum levels of recycled content (12% cobalt, 85% lead, 4% lithium and 4% nickel).
  • From 01 January 2035, these levels will be further increased (20% cobalt, 10% lithium and 12% nickel).

Fast Facts:

  • TES owns and operates 42 facilities worldwide in 21 countries, which, in 2020 alone, processed over 108,000 metric tonnes of electronic material, with a reuse, recycling and recovery rate of 96.9%.
  • In the next 10 years, the battery demand due to electric vehicles will increase tenfold, up to 2,333 GWh.
  • By 2030, 215 to 300 million electric vehicles (EVs) will be on the road. By 2040, this number is expected to increase to 900 million.
  • Global demand for batteries is set to increase 14-fold by 2030 (compared to 2018 levels), mostly driven by electric transport.
  • TES officially took over the assets, employees, the site and its permit on 15 June 2021 from Battery Recycling Services Netherlands. The recycling site is on a 10,000 sqm property in the Port of Rotterdam and has an extension space of 30,000 sqm.
  • TES intends to reinstate the business and will begin plans for a capacity extension on the neighbouring 30,000 sqm plot for a recycling and repurposing centre for lithium batteries.
  • In March 2021, TES opened a multimillion-dollar, state-of-the-art facility in Singapore to cover Southeast Asia. The facility has the daily capacity to recycle up to 14 tonnes — the equivalent of 280,000 lithium smartphone batteries. A second battery recycling plant is set to go live later in 2021 in Shanghai (China). The site in the Port of Rotterdam will increase the capabilities and capacities in the European region. A video explanation of the recycling process can be found online: https://www.tes-amm.com/our-resources/tes-battery-recycling-facility-singapore
  • TES acquired the assets of a European battery recycling company in Grenoble (France) back in 2019. The site, operational since 1993, has been one of the first recycling sites using an inert shredding process to crush lithium batteries and developed a number of key patents for hydrometallurgical refining processes. The know-how gained in France over the years has been key for the latest projects in Singapore and will support the new, larger-scale site in the Port of Rotterdam.
  • Sustainable batteries are produced with the lowest possible environmental impact, using materials that have been obtained with full consideration of social and ecological standards, are long lasting and safe and can be repaired or reused and repurposed.

About TES – https://www.tes-amm.com

Since our formation in 2005, TES has grown to become a global leader in sustainable technology services and bespoke solutions that help clients manage the commissioning, deployment and retirement of technology devices and components.

We provide comprehensive services for technology devices throughout their lifecycle — from deployment to decommissioning to disposition — all the way through to recycling and end-of-life repurposing. This includes innovating new processes to leverage the value locked in assets if they are to be recycled, such as our proprietary lithium battery recycling process, which extracts scarce materials from used batteries at purity rates high enough that they can be used in the manufacturing supply chain.

We have made it our mission to make a decade of difference by securely, safely and sustainably transforming and re-purposing 1 billion kgs of assets by 2030. Our 42 owned facilities across 21 countries offer unmatched service level consistency, consistent commercials, lower logistics costs, local compliance experts in-region, support in local time zones and languages and a deep understanding of transboundary movement globally.

TES creates outstanding value for our clients, employees, stakeholders and the global community by leveraging a unique combination of security, value recovery and environmental expertise. We focus exclusively on eliminating the risks surrounding data security, compliance and environmental impact while maximising value recovery for businesses around the world.

About Port of Rotterdam – https://www.portofrotterdam.com/en

The aim of the Port of Rotterdam Authority is to strengthen the competitive position of the port of Rotterdam as a logistics hub and a world-class industrial complex in terms of both size and quality. The Port Authority is able and willing to make an impact, and so it is focusing on accelerating sustainability in the port, and it is a partner in the digitalisation of the port and logistics chains. The Port Authority’s core tasks are the sustainable development, management and operation of the port, the maintenance of the smooth and safe handling of shipping and supporting the future resilience of the Port of Rotterdam.

About Navis Capital Partners Limited – https://www.naviscapital.com

Founded in 1998, Navis manages approximately US$ 5 billion in private equity capital and focuses on investments primarily in and around Asia. Navis contributes both capital and management expertise to a limited number of well-positioned companies, with the objective of directing strategic, operational and financial improvements.

Navis has one of the largest private equity professional teams in Asia, comprising 58 individuals, supported by 30 administrative staff in six offices across the region. Navis has a long and proven track record in pan-Asian private equity, with over 80 control transactions across the Asian region completed since its establishment.

PR Newswire

Mycronic receives order for a Prexision Lite 8 Evo

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STOCKHOLM, July 6, 2021 — Mycronic AB (publ) has received an order for a Prexision Lite 8 Evo, for deployment in Asia. The order value is in the range of USD 6-9 million. Delivery of the system is planned for the second quarter of 2023.

Prexision Lite 8 Evo is designed to meet the requirements for cost-efficient production of photomasks for mainstream displays up to G8 mask size. The order for the Prexision Lite 8 Evo mask writer is to replace one of the customer’s older systems.

"Despite the clear trend towards more advanced photomasks for displays, the market for less complex photomasks remains significant and important. We appreciate the opportunity to deliver the modern Prexision Lite 8 Evo to replace one of the customer´s older systems. " says Charlott Samuelsson, Sr VP Pattern Generators at Mycronic.

Mycronic provides mask writers for manufacturing photomasks in several fields of application. These include display manufacturing (TVs, smartphones and tablets), production of semiconductors and applications in the multi-purpose market, a broad segment that comprises many different areas of application.

For additional information, please contact:

Charlott Samuelsson
Sr VP Pattern Generators
Tel: +46 709 844 282
E-mail: charlott.samuelsson@mycronic.com

Sven Chetkovich
Director Investor Relations
Tel: +46 70 558 39 19,
E-mail: sven.chetkovich@mycronic.com

About Mycronic

Mycronic is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic’s headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, the Netherlands, Singapore, South Korea, Taiwan, United Kingdom and the United States. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com

This information was brought to you by Cision http://news.cision.com
https://news.cision.com/mycronic-ab/r/mycronic-receives-order-for-a-prexision-lite-8-evo,c3380294

The following files are available for download:

https://mb.cision.com/Main/10432/3380294/1441286.pdf

210629 Photronics P Lite 8 Evo_ENG
PR Newswire

Recon Technology Announces Pricing of $55.0 million Registered Direct Offering

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BEIJING, June 14, 2021 — Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company") announced today it has entered into a securities purchase agreement with certain accredited investors on June 14, 2021 to purchase $55.0 million worth of its Class A ordinary shares (or pre-funded warrants to purchase Class A ordinary shares in lieu thereof) in a registered direct offering, and Class A ordinary shares warrants in a concurrent private placement.

Under the terms of the securities purchase agreement, the Company has agreed to sell 8,814,102 Class A ordinary shares or pre-funded warrants in lieu thereof, and warrants to purchase up to 8,814,102 Class A ordinary shares in a concurrent private placement transaction. The pre-funded warrants have an exercise price of $0.01 per share and will be exercisable immediately upon the date of issuance until they are exercised in full. The pre-funded warrants will be issued to certain purchasers who have elected to purchase them in lieu of Class A ordinary shares in this offering, as those purchasers would otherwise have exceeded 9.99% (or such lesser percentage as required by the investor) beneficial ownership of our Class A ordinary shares immediately following the offering. The ordinary share warrants will be exercisable immediately upon the date of issuance and have an exercise price of $6.24. The ordinary share warrants will expire five and a half years from the date of issuance. The purchase price for one ordinary share (or pre-funded warrant in lieu thereof) and a corresponding ordinary share warrant will be $6.24. The gross proceeds to the Company from this registered direct offering are estimated to be $55.0 million before deducting the placement agent’s fees and other estimated offering expenses. The registered direct offering is expected to close on or about June 16, 2021, subject to the satisfaction of customary closing conditions.

Maxim Group LLC ("Maxim") is acting as the sole placement agent in connection with this offering.

The securities described above are being offered by the Company pursuant to a shelf registration statement on Form F-3 filed with the Securities and Exchange Commission (SEC) dated November 13, 2019, and declared effective on November 26, 2019, and Form F-3MEF filed thereafter. A prospectus supplement related to the offering will be, filed with the SEC and available on the SEC’s website at http://www.sec.gov. Copies of the prospectus supplements relating to the offering may be obtained, when available, by contacting: Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, by telephone: at (212) 895-3500.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Recon Technology, Ltd.

Recon Technology, Ltd. (NASDAQ: RCON) is China’s first listed non-state owned oil and gas field service company on NASDAQ. Recon supplies China’s largest oil exploration companies, Sinopec (NYSE: SNP) and The China National Petroleum Corporation ("CNPC"), with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs. Through the years, Recon has taken leading positions on several segmented markets of the oil and gas filed service industry. Recon also has developed stable long-term cooperation relationship with its major clients. For additional information please visit: www.recon.cn.

Forward-Looking Statements

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, whether we will sign any additional contracts with the North China Branch, the final revenue from providing services to the North China Branch, actual results of our solutions in the field, levels of spending in our industry as well as consumer confidence generally; changes in the competitive environment in our industry and the markets where we operate; our ability to access the capital markets; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F, which filings are available from the SEC. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

For more information, please contact:
Ms. Liu Jia
Chief Financial Officer
Recon Technology, Ltd
Phone: +86 (10) 8494-5188
Email: info@recon.cn

 

Related Links :

http://www.recon.cn/