Sandvik Coromant has announced the signing of a strategic research agreement with California-based innovation centre, PARC (a subsidiary of Xerox), to develop more intelligent, digital manufacturing capabilities.
Partnering with PARC will offer Sandvik Coromant, part of the global industrial engineering group, Sandvik, a footprint in Silicon Valley and a leading R&D resource to further the field of digital manufacturing.
Under the terms of the agreement, Sandvik Coromant will acquire all intellectual property (IP) and technology related to PARC’s software for high-level process planning and automated manufacturing cost estimation for subtractive manufacturing.
CEO of PARC, Tolga Kurtoglu explained: “Manufacturing is entering a dynamic new phase as cyber and physical worlds converge, and the complex and diverse industry needs significant innovation to truly progress. The missing piece for complete design automation and manufacturing of complex products has been the integrated coupling of design and manufacturing.”
Reportedly, PARC has been developing technologies for government agencies and commercial clients in the field of digital manufacturing for almost a decade. Its digital manufacturing suite of technologies helps designers and manufacturers understand real-world manufacturing process constraints during digital product design, and identifies potential limitations of a supply chain early in the design phase, ultimately minimising time-to-market and improving overall product quality.
The strategic research agreement will reportedly be governed by a joint steering committee with representatives from PARC and the Sweden-headquartered Sandvik Coromant.