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Linamar Announces Global Exclusive Manufacturing Agreement and Investment in Automation & Robotics Gearbox Leader IMSystems
Linamar Announces Global Exclusive Manufacturing Agreement and Investment in Automation &...
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[{"type":"text","content":"\n \n \n \n Linamar Announces Global Exclusive Manufacturing Agreement and Investment in Automation & Robotics Gearbox Leader IMSystems\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n Linamar Announces Global Exclusive Manufacturing Agreement and Investment in Automation & Robotics Gearbox Leader IMSystems\n \n \n Canada NewsWire\n \n \n \n \n \n GUELPH, ON\n \n ,\n \n Aug. 11, 2021\n \n /CNW/ - Linamar Corporation (TSX: LNR) today announced that it has entered into an exclusive Global Manufacturing Agreement with\n \n Netherlands\n \n based Innovative Mechatronic Systems B.V. (IMSystems) to bring the Archimedes Drive transmission system to market, a promising technology that offers a major innovation in the Industrial Robotics & Automation sector.  As part of the agreement, Linamar commits to be the manufacturing source for the system once the design is proven and production requires scale up. Concurrently with this agreement, Linamar also announced a minority equity investment in IMSystems, as part of a Series A consortium which raised €3 million Euros. Terms of the investment were not disclosed.\n \n \n \n \n \n \n \n \n \n Today's announcement is another demonstration of Linamar's innovation outreach strategy, bringing significant value to an innovative early-stage company for mutual growth. The deal leverages Linamar's manufacturing expertise, infrastructure, design for manufacturing capabilities, and supply chain management expertise to allow for rapid commercialization of the Archimedes Drive transmission. Further, the transaction allows Linamar to participate as both a shareholder and manufacturer in the rapidly growing startup.\n \n \n The Archimedes Drive system is comprised of an assembly module that uses frictional contact instead of gear teeth to transmit torque, resulting in a more efficient and precise gearbox. With a product that is more accurate, robust, efficient, and scalable than competing technologies, the IMSystems team aims to create a revolution for the robotics industry.\n \n \n \"I am very pleased to announc...