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Stock impact report

Optomec and Siemens Deliver Next Generation Manufacturing Solution for High Value Metal Repair [Yahoo! Finance]

SIEMENS AG SPONS ADR (SIEGY) 
NASDAQ:AMEX Investor Relations: siemens.com/investor
Company Research Source: Yahoo! Finance
ALBUQUERQUE, N.M., November 18, 2024 BUSINESS WIRE )--Optomec, a leading supplier of digital manufacturing hardware and software, and Siemens, a global leader in technology for industrial automation hardware, digitization software and services, today announced a next generation solution for laser cladding of high value metal repair in production environments using additive manufacturing. Unlike conventional systems that are labor intensive and skill dependent, the joint solution integrates the Optomec CS 558 system and Siemens SINUMERIK ONE to deliver advanced hardware and software that automates and simplifies maintenance, repair, and overhaul (MRO) operations for increased productivity and cost savings. According to Grand View Research, the global laser cladding market in 2023 is estimated at USD $561.3 million and projected to grow at a CAGR of 9.3 percent from 2024 to 2030. Additive manufacturing technology such as directed energy deposition (DED) used by CS 558 expands laser c Show less Read more
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