Shawcor Ltd. ("Shawcor" or the "Company") (TSX: SCL) today announced the sale of its Pipeline Performance Products business (the "Products business") to Seal For Life Industries ("Seal For Life"), a platform of Arsenal Capital Partners, a private equity investment firm based out of New York. The purchase price was USD $91.5 million, subject to working capital [...]
Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT) through its operating subsidiary Duos Technologies, Inc. a provider of vision based analytical technology solutions, has been awarded a contract for an additional turn-key Railcar Inspection Portal (rip®) with existing customer CSX Transportation ("CSX") (NASDAQ:CSX). This contract marks the third portal to be installed as part of [...]
Pro-Surve Technical Services Acquisitions, LLC has acquired D&C Inspection Services, Inc., an inspection services provider with a long history in Seabrook, TX. D&C Inspection Services, Inc. was headed by Christopher Rahe, Vice President of Global Operations and his team for the last 7 years. D&C Inspection Services, Inc. has grown steadily since we opened our doors [...]
Elementary, a fast-growing startup that has built an AI machine vision platform for quality and inspection in manufacturing, has closed $30M in Series B funding to support customer demand. Following the new round of capital, the company is now poised to aggressively scale its solution worldwide with existing and new customers. Given the current manufacturing market [...]
In aerospace manufacturing and maintenance, repair and overhaul (MRO), there are many nondestructive testing (NDT) techniques for aluminum and steel, but far fewer options for carbon and glass fiber-reinforced polymer (CFRP, GFRP) composites. Given the multi-layered, anisotropic nature of these materials, flaws like cracks, porosity and foreign bodies can occur on the surface or within a [...]
Hexagon’s Manufacturing Intelligence division, which supplies smart manufacturing technologies to giants from Volkswagen to Boeing, has unveiled HxGN Robotic Automation, pioneering robotic programming and control software that enables non-specialist quality professionals to program industrial robots to perform fully automated quality inspection. The platform enables manufacturers to equip greenfield factories or retrofit existing production lines with state-of-the-art [...]
Tek84 Inc., a global leader in high technology imaging and security solutions, today announced that it has made a significant strategic equity investment in Videray Technologies, Inc. Tek84 has also provided working capital funding to Videray, via a convertible note, to fund growth and expansion. In addition, Tek84 President Kevin Russeth has been appointed to the [...]
Iowa State University’s microwave and millimeter wave nondestructive evaluation laboratory, directed by Reza Zoughi at the Center for Nondestructive Evaluation (CNDE), will expand its capabilities through a new partnership with NASA. Through a Space Act Agreement (SAA), NASA Marshall Space Flight Center (MSFC) will loan a microwave/millimeter wave performance network analyzer that makes possible measurements up [...]
Magnetic Analysis Corporation, (MAC®) a designer and producer of nondestructive test instruments and systems since 1928, is pleased to announce the asset acquisition of TacTic™, a Division of Laboratory Testing Inc. (LTI), effective February 28, 2022. Originally founded as TAC Technical Instrument Corp. in 1962, the company became part of LTI’s operations in 2018. The acquisition [...]
One of the nice things about our jobs in NDT is that we come across various applications and challenges all the time. One day you are assessing the status of a pressure vessel; the next, you are putting your NDT technical skills to work on a complex aircraft component. Recently, Eddyfi Technologies was involved in a [...]