Corporations to Leverage Imaging Know-how Synergies to Goal AI-powered Machine Imaginative and prescient in Business 4.0 Environments
WOBURN, MA, OCTOBER 2, 2023 — BitFlow, Inc., an innovator in body grabber expertise for the machine imaginative and prescient trade, right now introduced that it has entered right into a definitive settlement to be acquired by Advantech in an all-cash transaction representing a 100% fairness stake within the firm. The transaction was unanimously permitted by BitFlow’s Board of Administrators and is anticipated to shut through the fourth quarter of 2023.
Advantech is a world chief in embedded, industrial, Web of Issues (IoT), and automation answer platforms headquartered in Taipei Metropolis, Taipei, Taiwan, with greater than 80 workplace areas worldwide. Advantech has been a pioneer in integrating Synthetic Intelligence (AI) into machine imaginative and prescient techniques that remodel conventional inspection processes into self-learning Good Manufacturing unit functions to enhance profitability, drive innovation, and optimize operational effectivity. AI-powered imaging techniques transcend high-quality automated inspection to alternatives for producing info to find out root trigger failures, independently measure key efficiency measures, predict upkeep necessities that scale back pricey downtime, and enhance the visibility of provide chains, amongst quite a few different value-adding providers.
Avner Butnaru, CEO of BitFlow, commented on the acquisition. “The selection to cooperate with Advantech was based mostly on a number of key elements, together with Advantech’s well-known world model presence in machine imaginative and prescient functions in North America, in addition to its world industrial {hardware} provide capabilities and full after-sale assist and providers. Advantech’s manufacturing functionality can be essential to BitFlow. As well as, due to comparable company cultures, the affect on prospects led to by the mixing of Advantech and BitFlow will likely be vastly diminished. BitFlow believes that by combining its superior imaging expertise and Advantech’s R&D, gross sales and manufacturing capabilities, BitFlow merchandise will play a a lot higher position within the AI imaginative and prescient market.”
Upon completion of the transaction, analysis and improvement groups for BitFlow and Advantech’s North American enterprise improvement workforce will work collectively to launch revolutionary new 2D and 3D community units for the commercial imaging market and fast-emerging AI imaginative and prescient sectors. For example, BitFlow CoaXPress over Fiber (CoF) body grabbers will make it potential to hyperlink Advantech AI cameras and compute units utilizing low-cost Fiber cables and connectors for transmission speeds which will quickly strategy 100 Gbps — two occasions the present CXP commonplace — to fulfill the excessive bandwidth necessities for AI processing.
As one of many founding applied sciences in manufacturing unit automation courting again to the Seventies, machine imaginative and prescient is right now on the forefront of the Industrial Web of Issues (IIoT) and AI. Machine imaginative and prescient’s capabilities are being drastically expanded by more and more highly effective computing, embedded and IIoT units on the community edge, and a rising universe of deep studying AI fashions. This will allow an imaging system to detect extremely minute defects, resembling microscopic anomalies within the bond wires on a circuit board, leading to enhanced product high quality, a big discount in waste, and elevated manufacturing throughput for corporations each giant and small.
Magic Pao, Affiliate Vice President of Industrial Cloud & Video Group for Advantech, mentioned, “The applying of superior laptop imaginative and prescient has been extremely built-in with AI options. During the last three years, particularly, sturdy development in industrial AI has grow to be rather more evident. Nevertheless, up to now, Advantech primarily centered on functions for conventional machine imaginative and prescient gear, offering industrial-grade cameras and body grabber playing cards to fulfill the fundamental wants of manufacturing inspection. However, because the trade strikes in direction of high-end machine imaginative and prescient functions, resembling for superior semiconductor manufacturing and medical imaging, Advantech might want to complement high-end picture acquisition merchandise to meet the calls for for high-precision superior imaginative and prescient inspection.”
About BitFlow
BitFlow has been creating dependable, high-performance Body Grabbers to be used in imaging functions since 1993. BitFlow is the chief in CoaXPress and Digicam Hyperlink body grabbers, constructing the quickest body grabbers on this planet, with the very best digital camera/body grabber densities, triggering efficiency, and value. With hundreds of boards put in all through the world, into lots of of imaging functions, BitFlow is devoted to utilizing this information and expertise to supply prospects with the very best picture acquisition and utility improvement options. BitFlow, positioned in Woburn, MA, has distributors and resellers positioned everywhere in the world together with Asia, the Americas, and Europe. Go to our web site at www.bitflow.com.