New software offering to empower
manufacturers to configure and optimize assembly automation quickly
and easily
Today, Bright Machines®, an innovator in intelligent,
software-defined manufacturing, announced the launch of Brightware®
Studio, a new software offering that liberates manufacturers from
the constraints of traditional factory automation and introduces a
new self-service capability that enables flexible automation at
greater speed and lower cost.
Brightware Studio provides additional functionality to the
Bright Machines Microfactory – the company’s flagship solution
which combines intelligent software and modular building blocks to
automate repetitive assembly and inspection tasks. Based on a
modern, low/no code workflow, Brightware Studio is operated using
an intuitive user interface, giving production line operators and
technicians the ability to easily program, run, analyze and debug
the assembly process on the factory floor.
“Software-driven automation has proven to be one of the most
effective ways for manufacturers to stay resilient and competitive
in today’s unpredictable economic environment,” said Amar Hanspal,
CEO & Co-founder, Bright Machines. “Brightware Studio elevates
our current microfactory offering with enhanced software
functionality that equips customers with the flexibility to quickly
respond to changing consumer demands.”
New features include:
Functionality that empowers everyone in the factory:
- “Self-serve” process optimization: Once a Bright
Machines Microfactory is deployed to a customer facility, onsite
operators and technicians can use Brightware Studio to easily make
changes or add steps to the line – including reconfiguring assembly
instructions or adjusting device settings – to ensure an optimal
production process from start to finish.
- Reduced vendor dependency: Unlike traditional
automation, Brightware Studio’s self-service capabilities means
manufacturers are no longer reliant on the support of technical
experts, system integrators, or other automation vendors to make
changes, thereby improving their ability to respond to market
changes and increase the overall efficiency of their lines.
- Advanced customization: Within the unified dashboard,
users can set up customized warnings, alerts, and diagnostics to
tailor their automation experience.
Smart automation that is up and running in minutes:
- Seamlessly integrated with microfactories: Bright
Machines Microfactories will now come pre-integrated with
Brightware Studio, which incorporates standard assembly skills that
can be used to reprogram lines and accommodate product
changes.
- Line monitoring without downtime: With Brightware
Studio, customers can view their equipment status, track key
performance indicators, set up alerts and notifications, customize
data visualizations and more. Unlike with traditional automation
deployments, Brightware Studio works from day one, as all of the
integration work associated with data collection, data modeling,
semantic mapping, and data visualization has already been done
upfront.
- Standardized user experience: Brightware Studio’s
intuitive user interface and easy-to-use controls reduce the need
for training and enable operators to manage other Brightware Studio
lines with ease.
“Manufacturers face many bottlenecks in the path to automation,
including vendor or system integrator lock-ins, long deployment
times, and clunky user interfaces,” said Abhishek Pani, Chief
Product Officer, Bright Machines. “By removing many of the hurdles
that have traditionally made factory automation challenging or
laborious, Brightware Studio makes the management of
next-generation automation virtually effortless.”
Brightware Studio is a subscription-based offering that is
available on all new Bright Machines Microfactories.
About Bright Machines
Headquartered in San Francisco, Bright Machines is an innovative
technology company that is pioneering a new approach to
intelligent, software-defined manufacturing. It leverages computer
vision, machine learning, 3D simulation, and robotics to
fundamentally change the flexibility, scalability, and economics of
production. With more than 550 employees worldwide, Bright Machines
operates R&D centers in the U.S. and Israel, with additional
field operations in North America, Central America, Southeast Asia
and EMEA.
In May of this year, the company entered into a definitive
merger agreement with SCVX (NYSE: SCVX), a special purpose
acquisition company, with the intent of becoming a publicly traded
company.
Bright Machines is reimagining how products can be designed and
produced to address the realities of today and the future ahead.
Rethink everything you ever knew about manufacturing. Visit
www.brightmachines.com.
Bright Machines® and the LOGO and Brightware® are registered
trademarks of Bright Machines, Inc.
Additional Information and Where to Find It
In connection with the proposed business combination, SCVX
intends to file a Registration Statement on Form S-4, including a
preliminary proxy statement/prospectus and a definitive proxy
statement/prospectus with the SEC. SCVX’s stockholders and other
interested persons are advised to read, when available, the
preliminary proxy statement/prospectus and the amendments thereto
and the definitive proxy statement/prospectus and documents
incorporated by reference therein filed in connection with the
proposed business combination, as these materials will contain
important information about Bright Machines, SCVX, and the proposed
business combination. When available, the definitive proxy
statement/prospectus and other relevant materials for the proposed
business combination will be mailed to stockholders of SCVX as of a
record date to be established for voting on the proposed business
combination. Stockholders will also be able to obtain copies of the
preliminary proxy statement/prospectus, the definitive proxy
statement/prospectus, and other documents filed with the SEC that
will be incorporated by reference therein, without charge, once
available, at the SEC’s website at www.sec.gov, or by directing a
request to: c/o Strategic Cyber Ventures, 1220 L St. NW, Suite
100-397, Washington, DC 20005.
Participants in the Solicitation
SCVX and Bright Machines and their respective directors and
executive officers may be considered participants in the
solicitation of proxies with respect to the potential transaction
described in this press release under the rules of the SEC.
Information about the directors and executive officers of SCVX is
set forth in SCVX’s Annual Report on Form 10-K filed with the SEC
pursuant to Section 13 of the Securities Exchange Act of 1934, as
amended, on April 6, 2021, and is available free of charge at the
SEC’s web site at www.sec.gov, or by directing a request to: c/o
Strategic Cyber Ventures, 1220 L St. NW, Suite 100-397, Washington,
DC 20005. Information regarding the persons who may, under the
rules of the SEC, be deemed participants in the solicitation of the
SCVX shareholders in connection with the potential transaction will
be set forth in the registration statement containing the
preliminary proxy statement/prospectus when it is filed with the
SEC. These documents can be obtained free of charge from the
sources indicated above.
No Offer or Solicitation
This press release shall not constitute a solicitation of a
proxy, consent, or authorization with respect to any securities or
in respect of the proposed business combination. This press release
shall also not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended, or an exemption therefrom.
Forward Looking Statements
Certain statements herein may be considered forward-looking
statements. Forward-looking statements generally relate to future
events or SCVX’s or Bright Machines’ future financial or operating
performance. For example, statements about the expected timing of
the completion of the proposed business combination, the benefits
of the proposed business combination, the competitive environment,
and the expected future performance and market opportunities of
Bright Machines are forward-looking statements. In some cases, you
can identify forward-looking statements by terminology such as
“may”, “should”, “expect”, “intend”, “will”, “estimate”,
“anticipate”, “believe”, “predict”, “potential” or “continue”, or
the negatives of these terms or variations of them or similar
terminology. Such forward-looking statements are subject to risks,
uncertainties and other factors which could cause actual results to
differ materially from those expressed or implied by such forward
looking statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by SCVX and its
management, and Bright Machines and its management, as the case may
be, are inherently uncertain. Factors that may cause actual results
to differ materially from current expectations include, but are not
limited to: (1) the occurrence of any event, change or other
circumstances that could give rise to the termination of the merger
agreement; (2) the outcome of any legal proceedings that may be
instituted against SCVX, Bright Machines, the combined company or
others following the announcement of the proposed business
combination; (3) the inability to complete the proposed business
combination due to the failure to obtain approval of the
shareholders of SCVX or to satisfy other conditions to closing; (4)
changes to the proposed structure of the proposed business
combination that may be required or appropriate as a result of
applicable laws or regulations or as a condition to obtaining
regulatory approval of the proposed business combination; (5) the
ability to meet stock exchange listing standards at or following
the consummation of the proposed business combination; (6) the risk
that the proposed business combination disrupts current plans and
operations of Bright Machines as a result of the announcement and
consummation of the proposed business combination; (7) the ability
to recognize the anticipated benefits of the proposed business
combination, which may be affected by, among other things,
competition, the ability of the combined company to grow and manage
growth profitably, maintain relationships with customers and
suppliers and retain its management and key employees; (8) costs
related to the proposed business combination; (9) changes in
applicable laws or regulations; (10) the possibility that Bright
Machines or the combined company may be adversely affected by other
economic, business and/or competitive factors; and (11) other risks
and uncertainties set forth in the section entitled “Risk Factors”
and “Cautionary Note Regarding Forward-Looking Statements” in
SCVX’s Form 10-K for the year ended December 31, 2020, and which
will be set forth in the registration statement to be filed by SCVX
with the SEC in connection with the proposed business
combination.
Nothing herein should be regarded as a representation by any
person that the forward-looking statements set forth herein will be
achieved or that any of the contemplated results of such
forward-looking statements will be achieved. You should not place
undue reliance on forward-looking statements, which speak only as
of the date they are made. Neither SCVX nor Bright Machines
undertakes any duty to update these forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210920005252/en/
Justine Crosby, pr@brightmachines.com
SCVX (NYSE:SCVX)
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SCVX (NYSE:SCVX)
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