OEM : Construction
With 2020 sales and revenues of $41.7 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Since 1925, we’ve been driving sustainable progress and helping customers build a better world through innovative products and services. Throughout the product life cycle, we offer services built on cutting-edge technology and decades of product expertise. These products and services, backed by our global dealer network, provide exceptional value to help our customers succeed.
Infinitum Secures $30M in Additional Growth Capital to Expand and Fully Automate Production Facility in Mexico
Infinitum, creator of the sustainable, breakthrough air core motor, today announced $30 million in additional growth capital from Riverstone Holdings Latin America, Alliance Resource Partners, Caterpillar Venture Capital and Cottonwood Technology Fund. The funds will be used to expedite commercial and industrial motor production by expanding and fully automating assembly at the company’s 65,000 square foot facility in Mexico to meet a significant increase in demand.
Electric motors consume more than half of the world’s electricity, with the general industry segment consuming 38 percent. Infinitum’s motor is 50 percent smaller and lighter, uses 66 percent less copper and no iron, and consumes 10 percent less energy. Infinitum motor components can be reused, allowing them to stay in service for decades.
U.S. Army’s New Expeditionary 3D Concrete Printer Can Go Anywhere, Build Anything
The U.S. Army Corps of Engineers’ Automated Construction of Expeditionary Structures (ACES) program is a game changer for construction in remote areas. The project will supply rugged 3D concrete printers that can go anywhere and print (almost) anything. The project started several years ago when concrete printers were very much in their infancy, but even then it was obvious that commercial products would not fit the Army’s needs.
ACES has produced multiple printers working with different industry partners. For example, ACES Lite was made in partnership with Caterpillar under a Cooperative Research and Development Agreement. It packs into a standard 20-foot shipping container and can be set-up or taken down in 45 minutes, has built-in jacks for quick leveling and can be calibrated in a matter of seconds, making it more straightforward than other devices. Overall the printer resembles a gantry crane, with a concrete pump, hose and a robotic nozzle which lays down precise layers.
The new technology is not magic, as 3D-printed construction is still construction. It does not do everything. A printed building still requires a roof and finishing touches like any other construction work. In areas with good logistics where equipment, labor and materials are all plentiful, there may be little advantage to the ACES approach. But in expeditionary environments, where all these things are likely to be in short supply, ACES could make a real difference.
Praemo Raises CAD $4.5 Million from McRock, Caterpillar Venture Capital and BDC Capital’s Industrial Innovation Venture Fund
“We are excited to be working with Caterpillar Venture Capital Inc. and BDC Capital Inc.’s Industrial Innovation Venture Fund, and to expand our relationship with McRock. This group of investors speaks to the value Praemo brings to industrial operators; McRock as a leader in the industrial IoT technology space, BDC Capital as a key shareholder providing the capital needed to drive this next wave of advancement, and Caterpillar Venture Capital Inc., a wholly-owned subsidiary of Caterpillar Inc., the world’s leading manufacturer of construction and mining equipment, engines, turbines and locomotives.”, said Michael Martinez, co-founder and CEO at Praemo. “This additional funding allows us to accelerate our technology roadmap while sharing our customers’ successes more broadly across the industrial marketplace.”