Browse Topic: Financial management
Precise time synchronization is the backbone of today's connected world, keeping telecom networks, data centers, and financial systems running seamlessly. Without accurate timing, our digital infrastructure would quickly fall out of sync. Septentrio designs and manufactures world recognized Global Navigation Satellite System (GNSS) timing receivers for critical infrastructure and leading industry organizations. The Septentrio mosaic-T timing module delivers nanosecond-level precision for synchronization and is trusted by companies such as Meinberg, VIAVI, and Saab. Built-in AIM+ technology protects against intentional and unintentional GNSS jamming and spoofing, ensuring maximum system uptime even in challenging or hostile conditions.
When Thierry Piéton stepped into the role of executive vice president and chief financial officer of Medtronic earlier this year, he entered one of the largest and most complex organizations in the medical technology industry. Yet, despite that complexity and the company’s recent years of uneven performance, Piéton says he came in with conviction. Medtronic, in his view, is sitting on the edge of a long-awaited inflection point.
When manufacturers seek to leverage specialized expertise, advanced processing capabilities, or proprietary technologies without assuming the financial burden of acquiring and maintaining dedicated equipment or facilities, they often turn to toll processing.
Zero emission vehicles are essential for achieving sustainable and clean transportation. Hybrid vehicles such as Fuel Cell Electric Vehicles (FCEVs) use multiple energy sources like batteries and fuel cell stacks to offer extended driving range without emitting greenhouse gases. Optimal performance and extended life of the important components like the high voltage battery and fuel-cell stack go a long way in achieving cost benefits as well as environmental safety. For this, energy management in FCEVs, particularly thermal management, is crucial for maintaining the temperature of these components within their specified range. The fuel cell stack generates a significant amount of waste heat, which needs to be dissipated to maintain optimal performance and prevent degradation, whereas the battery system needs to be operated within an optimal temperature range for its better performance and longevity. Overheating of batteries can lead to reduced efficiency and potential safety hazards, while low temperatures can decrease battery performance and range. The multiple temperature control loops in the thermal system design of the current FCEVs require significant energy for continuous heating and cooling. This is due to the fact that each of them exchanges energy directly with an external source or sink without redistributing energy among themselves. This can lead to energy losses during the heat exchange process. Our goal is to optimize thermal energy usage while maintaining the same performance and efficiency of both battery electric system and the fuel cell stack in a vehicle. In this paper, an analysis of thermal energy utilization of a single system is compared to the exchange of thermal energy across multiple systems, considering various heating and cooling scenarios. We compare our proposed strategy (with redistribution) with the existing strategy (without redistribution) quantitatively with respect to controller effort/ energy spent in achieving thermal target.
Despite a slight drop in the installations of factory robots in 2024, the push to automate automotive and other manufacturing was carrying momentum into fiscal 2025 and could benefit from U.S. federal priorities, said Jane Heffner, vice president of the International Federation of Robotics, at an industry expo in Detroit. Heffner, also the VP of sales for Teradyne Robotics, said the outlook for 2025 is strong, based on orders in Q4 of 2024. “We're seeing a double-digit increase in order intake from Q4 to Q1 of 2025,” she said. She acknowledged the global economic uncertainty but said the “interest in moving forward is still there.” She delivered her remarks at Automate 2025, the Association for Advancing Automation's annual expo, held this year in downtown Detroit.
The switch to electrified off-highway vehicles can help reduce reliance on hydraulic components that decrease system efficiency via parasitic losses. The off-highway machine industry is embracing new technologies to optimize operations, specifically regarding electric and hybrid off-highway equipment. The electric off-highway equipment market is poised for growth, with an expected 12.5% compound annual growth rate (CAGR) from 2025-2034, reaching over $17 billion, according to Market Research Future. These off-highway vehicles operate on tough terrain and require unprecedented amounts of power for long duty cycles. Diesel engines have always been the conventional application for this kind of work, but now hybrid and electric vehicles are starting to gain traction thanks to new innovations and more investment. While the implications of replacing traditional combustion engines with hybrid or electric counterparts can be intimidating, learning the challenges and opportunities each option holds gives end users the power to determine what's right for their needs.
The emergence of electric Vertical Takeoff and Landing (eVTOL) air vehicles is transforming how people and freight are moved in short distances. This transformation has a profound impact on surrounding infrastructure necessary to provide Aircraft On Ground support for eVTOLs. The hover capabilities of eVTOLs have similar operating characteristics within terminal and uncontrolled airspace. However, the need to conserve battery energy via rapid approaches and departures affects terminal airspace management. To attract eVTOL operators, existing airports, landing zones, and vertiports are modifying their infrastructure to include fixed electric charging stations, additional taxiways, upgraded fire suppression systems, separate hangers, and capable MRO facilities. Augusta Regional Airport (KAGS) is the base airport for the annual Masters Golf Tournament which experiences five times the normal airport traffic and some 40,000 commuting patrons. eVTOLs can offset land traffic issues associated with commuters and supplies. Since KAGS is centroid to 32,000 square miles of territory void of major highways, basing eVTOLs can offer expedited transit services for people and goods which will have a profound impact on the economic viability and quality of life in the area.
In addition to providing safety advantages, sound and vibration are being utilized to enhance the driver experience in Battery Electric Vehicles (BEVs). There's growing interest and investment in using both interior and exterior sounds for pedestrian safety, driver awareness, and unique brand recognition. Several automakers are also using audio to simulate virtual gear shifting of automatic and manual transmissions in BEVs. According to several automotive industry articles and market research, the audio enhancements alone, without the vibration that drivers are accustomed to when operating combustion engine vehicles, are not sufficient to meet the engagement, excitement, and emotion that driving enthusiasts expect. In this paper, we introduce the use of new automotive, high-force, compact, light-weight circular force generators for providing the vibration element that is lacking in BEVs. The technology was developed originally for vibration reduction/control in aerospace applications, has been recently tested in various vehicles, and demonstrates the effectiveness for providing a real haptic feel across the entire vehicle. Shaking the vehicle globally provides a unique capability for BEVs, including Hybrid Electric Vehicles and for helping to create a smooth transition between Gas and Electric power, for example. The technology can be used to generate and emulate high-performance, high power, combustion engine feel, including idle, engine run-up/acceleration, simulated gear shifts, and Advanced Driving Assistance and Systems (ADAS) haptic indicators. The optional and customizable vibration can also mask road vibration which becomes very noticeable in otherwise smooth BEVs and can provide the perfect supplement to existing audio enhancements and gear shifting features. Additionally, the paper describes how the force generating device can be packaged in a light weight, compact, low-power manner. The technology will be compared to other force generating methods, and discuss its pros and cons.
It is a fool's errand to make timely comments - in print! - about our current political turmoil. Even so, it feels important to place a marker in the sand to note the ongoing political reign of tariff threats, the upheaval potential of a demolished regulatory state affecting road and vehicle safety, and the damage that cuts to electric vehicle support might do to American automakers attempting to keep technological pace with their global automaker peers. It's a lot. The mainstream press is reporting the broad strokes of the industry's reaction to the new president. Ford CEO Jim Farley said Trump's erratic threats and changes are adding “a lot of cost and a lot of chaos” to the automotive industry and that a 25% tariff would “blow a hole in the U.S. industry that we've never seen.” Volvo Cars CEO Jim Rowan said that profitability would suffer under any tariffs, whether those are the general 25% tariffs on Canada and Mexico (now seemingly canceled after Trump backed down), just-announced 10% tariffs on steel and aluminum or some yet-to-be-spoken-aloud new tariff concept. Industry analyst Sam Fiorani told The Independent the obvious truth that “raising the price of what is among the most important components of the vehicle is only going to raise the prices of an already expensive product.”
This research explores the use of salt gradient solar ponds (SGSPs) as an environmentally friendly and efficient method for thermal energy storage. The study focuses on the design, construction, and performance evaluation of SGSP systems integrated with reflectors, comparing their effectiveness against conventional SGSP setups without reflectors. Both experimental and numerical methods are employed to thoroughly assess the thermal behavior and energy efficiency of these systems. The findings reveal that the SGSP with reflectors (SGSP-R) achieves significantly higher temperatures across all three zones—Upper Convective Zone (UCZ), Non-Convective Zone (NCZ), and Lower Convective Zone (LCZ)—with recorded temperatures of 40.56°C, 54.2°C, and 63.1°C, respectively. These values represent an increase of 6.33%, 11.12%, and 14.26% over the temperatures observed in the conventional SGSP (SGSP-C). Furthermore, the energy efficiency improvements in the UCZ, NCZ, and LCZ for the SGSP-R are considerable, showing increases of 39.18%, 35.46%, and 39.64%, respectively, when compared to the SGSP-C. The numerical simulations are in strong agreement with the experimental results, exhibiting minimal deviations of less than 5% in both temperature distribution and energy efficiency across all zones. This study underscores the potential of SGSPs with reflectors for enhanced thermal storage performance.
Soft skin coverings and touch sensors have emerged as a promising feature for robots that are both safer and more intuitive for human interaction, but they are expensive and difficult to make. A recent study demonstrates that soft skin pads doubling as sensors made from thermoplastic urethane can be efficiently manufactured using 3D printers.
The automotive industry is facing unprecedented pressure to reduce costs without compromising on quality and performance, particularly in the design and manufacturing. This paper provides a technical review of the multifaceted challenges involved in achieving cost efficiency while maintaining financial viability, functional integrity, and market competitiveness. Financial viability stands as a primary obstacle in cost reduction projects. The demand for innovative products needs to be balanced with the need for affordable materials while maintaining structural integrity. Suppliers’ cost structures, raw material fluctuations, and production volumes must be considered on the way to obtain optimal costs. Functional aspects lead to another layer of complexity, once changes in design or materials should not compromise safety, durability, or performance. Rigorous testing and simulation tools are indispensable to validate changes in the manufacturing process. Marketing considerations are also significant to the success of cost reduction strategies. Brand reputation and customer perceptions of quality must be safeguarded when changes are implemented. To that end, communication strategies to convey the benefits of cost reduction without compromising perceived value are a key factor to enhance market acceptance. Another crucial element in the execution of cost reduction projects is operational efficiency. Streamlining production processes, optimizing supply chain logistics, and embracing automation technologies require careful planning and implementation to avoid disruptions in production schedules. In conclusion, addressing the challenges of reducing costs in automotive body exterior parts demands a holistic approach that considers financial, functional, and marketing aspects. Striking the right balance between these elements is essential for the success of cost reduction initiatives, ensuring that the automotive industry remains competitive while meeting the demands of a cost-conscious market. A solid technical background for all the parties involved is imperative, and this text provides an overview of the pivotal topics in that context.
North American automakers and EV battery firms have five years to erase China's dominance in technology and manufacturing or they may face the reality of buying batteries from China for the foreseeable future. That was the message from battery-analysis company Voltaiq CEO Tal Sholklapper at a media briefing in Detroit. “We're in the final innings now,” Sholklapper said. “If the industry around batteries and electric vehicles and all the follow-on applications wants to make it, we're going to have to change the way we play.”
The future of wireless technology - from charging devices to boosting communication signals - relies on the antennas that transmit electromagnetic waves becoming increasingly versatile, durable and easy to manufacture. Researchers at Drexel University and the University of British Columbia believe kirigami, the ancient Japanese art of cutting and folding paper to create intricate three-dimensional designs, could provide a model for manufacturing the next generation of antennas. Recently published in the journal Nature Communications, research from the Drexel-UBC team showed how kirigami - a variation of origami - can transform a single sheet of acetate coated with conductive MXene ink into a flexible 3D microwave antenna whose transmission frequency can be adjusted simply by pulling or squeezing to slightly shift its shape.
This study aims to explore the multifaceted influencing factors of market acceptance and consumer behavior of low-altitude flight services through online surveys and advanced neuroscientific methods (such as functional magnetic resonance imaging fMRI, electroencephalography EEG, functional near-infrared spectroscopy fNIRS) combined with artificial intelligence and video advertisement quantitative analysis. We conducted an in-depth study of the current trends in low-altitude flight vehicle development and customer acceptance of low-altitude services, focusing particularly on the survey methods used for market acceptance. To overcome the influence of strong opinion leaders in volunteer group experiments, we designed specialized surveys targeting broader online and social media groups. Utilizing specialized knowledge in aviation psychology, we designed a distinctive questionnaire and, within just 7 days of its launch, gathered a significant number of valid responses. The data was then analyzed using AI to provide original, insightful data on the acceptance of low-altitude services. Furthermore, we addressed the limitations of traditional manual survey methods by designing an advanced system combining EEG and AI analysis to automatically generate surveys by measuring neural and physiological responses while subjects watched video advertisements for low-altitude services. Our research offers a comparison with existing online survey forms and proposes specific predictions to potentially improve the accuracy of online surveys.
An SAE white paper on the different engineering approaches taken by traditional automakers and recent arrivals indicates that each category is remarkably aware of the others' strengths and weaknesses. Sven Beiker, a management lecturer at Stanford University, authored the report “Two Approaches to Mobility Engineering.” He gathered commentary from every corner of the vehicle ecosystem, from suppliers to software companies to manufacturers, and summarized the findings in a presentation at WCX 2024 in Detroit. Rather than “old companies,” Beiker likes to refer to traditional automakers as “incumbents.” Here are a few common observations from the report, which will be published this summer: Newer players are better at simplifying complexity, such as Tesla's ability to build vehicles with fewer parts. Older automakers are better at managing complexity, such as integrating disparate systems. Newer companies are constrained by financial resources and a shortage of available talent. Traditional companies are constrained by existing staff and “this is the way we've always done it” thinking and inflexible facilities. Newer companies are good at innovation in the name of customer centricity. Incumbents are very good at creating and maintaining processes.
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