Officials at machine learning and artificial intelligence consulting company Wovenware think AI could boost the quality of medical device manufacturing. The San Juan, Puerto Rico–based company already has clients in a variety of industries including airlines, education, food, financial services, insurance, telecommunications and utilities. Now it’s working with a number of medical device companies to test proof […]
Stratasys jumps on Q3 beats
Stratasys (NSDQ:SSYS) shares jumped today after the 3D-printing giant beat the consensus with its third-quarter results. Minneapolis- and Rehovot, Israel-based Stratasys posted losses of -$679,000, or -1¢ per share, on sales of $162.0 million for the three months ended Sept. 30, paring its losses by -93.3% on sales growth of 4.0% compared with Q3 2017. Get […]
Integer gains on Q3 sales, earnings beats, raises outlook
Integer Holdings (NYSE:ITGR) share prices rose today after the contract manufacturer posted third-quarter results that handily beat the consensus forecast, powered by a whopping 733.3% bottom-line gain. Plano, Texas-based Integer reported profits of $114.1 million, or $3.54 per share, on sales of $305.1 million for the three months ended Sept. 28, for top-line growth of 6.6% […]
Heraeus acquires Evergreen Medical, PhysioTest
Heraeus Medical Components said today that it acquired Evergreen Medical Technologies and its PhysioTest subsidiary for an undisclosed amount. St. Paul, Minn.-based Evergreen is a contract design, development & manufacturing consultant that specializes in neuromodulation technologies, including implantable leads and stimulation devices. Get the full story at our sister site, Medical Design & Outsourcing.
9 exhibitors to check out at MD&M Minneapolis
MD&M Minneapolis — Oct. 31–Nov. 1 this year — is one of the largest medical device manufacturing events in the Midwest, with thousands of medtech professionals networking with hundreds of industry suppliers. From new plastic welding technology at Emerson to LED curing systems at Excelitas Technologies, here are nine exhibitors and their technologies worth checking out […]
Hahn Group acquires Rethink Robotics IP
We have not seen the last of Sawyer the collaborative robot. Hahn Group, a German automation specialist, has acquired all of the patents and trademarks from Rethink Robotics, including the Intera 5 software platform. The Hahn Group says it will further develop Rethink’s technology, “combining it with German engineering and know-how of industrial applications.” Hahn Group says it “intends […]
Resonetics acquires STI Laser Industries
Resonetics (Nashua, N.H.) said today that it has purchased STI Laser Industries (Or Akiva, Israel), a medical device industry supplier of laser processing, nitinol shape setting and electropolishing, and cleanroom assembly and packaging. Financial terms of the deal were not disclosed. Founded in 1998 by its president and CEO Tovy Sivan, STI has a worldwide business, with […]
DeviceTalks Boston: Here’s a sampling of exhibitors
Join the hundreds of people attending DeviceTalks Bostonthis week, and you’ll see dozens of exhibitors representing a strong sampling of the medical device supplier network supporting New England and the U.S. in general. Here are some examples of interesting exhibitors to see at the show>>
BD uses Carbon’s 3D tech to mold intricate part
Becton, Dickinson and Company (BD) has begun producing parts based on Carbon’s digital light synthesis technology, including BD’s first production part using additive manufacturing — a hemocytometer adapter for the company’s Rhapsody single-cell genomic analysis system. This component would have been impractical and expensive to injection mold, according to Redwood City, Calif.–based Carbon, which said it offered […]
Rethink Robotics closes its doors
Rethink Robotics, the Boston, Mass.-based maker of collaborative robots Baxter and Sawyer, shut its doors today. Rethink was founded in 2008 and raised nearly $150 million to date, according to Crunchbase. It’s last round of funding was an $18 million Series E in August 2017. Rethink Robotics CEO Scott Eckert confirmed the news via email…
Novanta spends nearly $46 million on rest of Laser Quantum
Novanta (Nasdaq: NOVT) has spent nearly $46 million to buy the remaining 24% of Laser Quantum, which supplies solid-state continuous wave lasers, femtosecond lasers and optical light engines to medical market OEMs. Novanta (Bedford, Mass.) previously increased its equity stake in Lasser Quantum (Machester, U.K.) to 76% in January 2017. Get the full story on our sister […]
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