Sandvik Coromant recently signed a strategic research agreement with PARC, a Xerox company, to advance Sandvik Coromant’s digital manufacturing capabilities. PARC will provide their new partner with a footprint in Silicon Valley as well as expertise and resources for R&D in the field.
Sandvik Coromant will also acquire all intellectual property and technology related to PARC’s software for high-level process planning and automated manufacturing cost estimation for subtractive manufacturing.
“This partnership is a natural step and in line with Sandvik Coromant’s long-term strategy to develop attractive solutions in the field of digital manufacturing and Industry 4.0,” said Magnus Ekbäck, VP and head of business development and digital machining for Sandvik Coromant. “With this cooperation, we will significantly strengthen our capabilities within digital machining.”
PARC CEO Tolga Kurtoglu noted that industry needs are changing as technology advances.
“The missing piece for complete design automation and manufacturing of complex products has been the integrated coupling of design and manufacturing, which we have been developing at PARC for many years,” said Kurtoglu. “We’re pleased to partner with Sandvik Coromant to see these innovations come to life on the global stage.”
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 is intended to help designers and manufacturers understand real-world manufacturing process constraints during digital product design. The goal is to identify potential limitations of a supply chain early in the design phase, ultimately minimizing time-to-market and improving overall product quality.
The strategic research agreement will be governed by a joint steering committee with representatives from both PARC and Sandvik Coromant.
For more information, visit the PARC and Sandvik Coromant websites.