LOS ANGELES—Lockheed Martin Ventures, the venture capital arm of Lockheed Martin Corp., is investing in Machina Labs, a start-up company developing technology that combines AI and robotics to rapidly manufacture advanced sheet metal products.
Bus bars are an essential component of electric vehicles. This metallic strip or bar efficiently distributes electrical power from high-energy battery packs to electric motors and other devices.
When the latest-generation C-Class series of automobiles was being developed in 2014, Mercedes-Benz designers placed a great emphasis on weight reduction to reduce fuel consumption.
The need to reduce vehicle weight has spawned myriad new technologies for assembling aluminum, high-strength steel and other materials. These new technologies include self-piercing rivets, flow-drilling screws and friction-stir spot welding.
Lean manufacturing was not a concern for Mark DeWys in 1977 when he founded DeWys Manufacturing Inc. in Grand Rapids, MI. The focus of his one-man shop back then was the fabrication of fireplace inserts, racks and various small metal parts.