Tag Archive for 'Caterpillar'

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Fastbrick Robotics Signs Memorandum of Understanding with Caterpillar Inc.

Highlights:

  • Fastbrick Robotics signs Memorandum of Understanding (MOU) with Caterpillar Inc.
  • MOU is for collaboration between Caterpillar and Fastbrick Robotics in relation to the Fastbrick Robotics robotic bricklaying technology
  • Fastbrick Robotics welcomes Caterpillar to its share register with an investment of USD$2 million via placement
  • Caterpillar will, subject to Fastbrick shareholder approval, have an option to invest a further USD$8 million

Australian robotic technology company, Fastbrick Robotics Limited (ASX: FBR) (“Fastbrick Robotics”), has entered into a Memorandum of Understanding (“MOU”) with Caterpillar Inc. (NYSE: CAT) to discuss and develop a potential framework for collaboration regarding the development, manufacturing, sales, and services of Fastbrick Robotics’ robotic bricklaying technology (“FBR Technology”).

The MOU also establishes a strategic alliance board with representatives from both companies that intends to develop that framework and consider how best to offer this FBR Technology to Caterpillar’s construction customers. The board will also consider the most appropriate and most profitable business models to apply in each country, state and region.

The MOU has an initial 12-month term, which may be either extended by mutual written agreement or terminated by either party at any time. Fastbrick Robotics has also agreed to deal exclusively with Caterpillar for the development and potential commercialisation of the FBR Technology during the term of the MOU.

Simultaneous with the signing of the MOU, Caterpillar, through a wholly owned subsidiary, is investing USD$2 million in Fastbrick Robotics via a placement, which is being undertaken in accordance with the terms of a placement agreement. Pursuant to the placement agreement, Fastbrick Robotics will issue fully paid ordinary shares to Caterpillar at an issue price of $0.10 AUD per share.

Subject to approval by Fastbrick Robotics shareholders, Caterpillar, through that wholly owned subsidiary, also will have an option to invest a further USD$8 million in Fastbrick Robotics at an issue price of $0.20 AUD per share. Fastbrick Robotics intends to seek that shareholder approval within 60 days.

Fastbrick Robotics Managing Director Mike Pivac: “Fastbrick Robotics is delighted to sign a MOU with Caterpillar and welcomes the company as a new shareholder. Caterpillar is a globally recognised industry leader, and we look forward to collaborating with the company and uniting our teams to share ideas, pursue innovation and explore opportunities to commercialize our unique technology.”

About Fastbrick Robotics
Fastbrick Robotics Limited (ASX:FBR) is an Australian robotics company developing and commercialising digital construction solutions. Fastbrick Robotics’ revolutionary Hadrian X bricklaying machine represents the first application of the Company’s underlying intellectual property portfolio and represents a global revolution in robotics technology. Hadrian X marks the transition from robots working indoors to working outdoors in uncontrolled environments which is enabled by the Company’s patented dynamic stabilisation technology. Fastbrick Robotics is committed to improving the safety, speed, accuracy, cost and waste management within the global construction industry through utilising the world’s latest innovations in mobile robotic technology. To learn more please visit: www.fbr.com.au. To watch the latest Fastbrick Robotics video please visit: http://tinyurl.com/y9vkj4tf.

About Caterpillar
For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2016 sales and revenues of $38.537 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments – Construction Industries, Resource Industries and Energy & Transportation – and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.

CATERPILLAR ANNOUNCES VICE PRESIDENT RETIREMENT, APPOINTMENT OF A NEW VICE PRESIDENT AND NEW RESPONSIBILITIES FOR OTHER VICE PRESIDENTS

Caterpillar Announces Vice President Retirement, Appointment of a New Vice President and New Responsibilities for Other Vice Presidents    

Caterpillar Inc. (NYSE: CAT) today announced Doug Hoerr, vice president of the Material Handling & Underground Division (MH&U), has elected to retire from the company. Caterpillar’s board of directors has appointed a new vice president, and the company is also announcing new responsibilities for three current vice presidents.

Doug Hoerr Retirement

After 24 years of service to the company, Doug Hoerr, Caterpillar vice president of MH&U, has elected to retire from Caterpillar.

“For more than 20 years of his career with Caterpillar, Doug worked in a wide range of accounting and finance roles with increasing levels of responsibility and global scope,” said Jim Umpleby, Caterpillar CEO. “In 2012, Doug was named group CFO for Customer & Dealer Support, a position he held until being named a Caterpillar vice president in 2015.”

In his role as CFO for Customer & Dealer Support, Hoerr was instrumental in coordinating key elements of the Across the Table initiative, which drove improved performance and alignment between Caterpillar and the worldwide dealer network. Most recently within MH&U, Hoerr led the execution of Caterpillar’s Operating & Execution Model resulting in restructuring of the MH&U operational footprint as well as the product portfolio.

Hoerr joined Caterpillar in 1993 after working for the accounting firm of McGladrey, where he gained experience in auditing and corporate tax. Within Caterpillar, he held numerous positions of increasing responsibility in accounting, business analysis and business resources in Customer Services Support, Parts Distribution, Integrated Manufacturing, Finance Services Division, Large Engine Products & Fuel System Division, Corporate Services Division and Large Power Systems Division. In 2012, he was named group CFO for Customer & Dealer Support. On January 1, 2015, Hoerr became a Caterpillar vice president. His retirement is effective August 1, 2017.

Doug Hoerr, Caterpillar vice president of the Material Handling & Underground Division, is retiring August 1, 2017.

New responsibilities for Tom Bluth, Jean Savage and Karl Weiss

Caterpillar is also announcing changes in responsibilities for current Caterpillar vice presidents Tom Bluth, Jean Savage and Karl Weiss. These changes will be effective August 1, 2017.

Bluth, who was first named a vice president in 2007 and is currently vice president of the Surface Mining & Technology Division (SM&T), will become Caterpillar’s Chief Technology Officer (CTO) and the vice president of the Innovation & Technology Development Division (ITDD).

Since joining Caterpillar in 1995, Bluth has held numerous positions, including corporate attorney in the Legal Services Division, industry manager in the Latin America Commercial Division, district manager in the North America Commercial Division, worldwide medium wheel loader product manager and president and managing director of Caterpillar France. In 2007, the Caterpillar board of directors named Bluth vice president of Asia Pacific Operations and two years later, Bluth was named vice president of the Earthmoving Division. In 2013, Bluth moved to vice president of the Mining Products Division and three years later, Bluth’s responsibilities were expanded to include leadership for mining sales and support as the vice president of SM&T. Bluth graduated with an electrical engineering degree from Iowa State University, a law degree from Northwestern University and an MBA from the University of Chicago.

 

Tom Bluth, Caterpillar vice president of the Surface Mining & Technology Division, will become Caterpillar’s Chief Technology Officer and vice president of the Innovation & Technology Development Division effective August 1, 2017.

Savage, who was first named a Caterpillar vice president in 2014 and is currently Caterpillar’s CTO and the vice president of ITDD, will become the vice president of SM&T.

Savage was formerly senior vice president and Chief Operating Officer of the Locomotive and Railcar Services business unit for Caterpillar subsidiary Progress Rail Services (PRS). Savage joined PRS in 2002 as vice president for Quality and Continuous Improvement. She also served as vice president of PRS’ Freight Car Repair, Parts and Quality Divisions before her most recent position. Prior to joining PRS, she worked in a variety of manufacturing and engineering positions in her 14 years at Parker Hannifin Corporation, a leader in motion and control technologies and systems. That was preceded by nine years in the Army Reserves as a military intelligence officer. Savage has an electrical and computer engineering degree from the University of Cincinnati and a master’s degree in engineering management from the University of Dayton.

Jean Savage, Caterpillar’s Chief Technology Officer and vice president of the Innovation & Technology Development Division, will become vice president of the Surface Mining & Technology Division effective August 1, 2017.

In 2013, Weiss was named a Caterpillar vice president for the Earthmoving Division, the position he still holds today. Weiss will become the vice president of MH&U, replacing Hoerr.

Since joining Caterpillar in 1992, Weiss has had various assignments within product development at Caterpillar’s Decatur, Joliet and Aurora, Illinois, facilities, primarily focused on large machine structural design. Weiss subsequently transferred to Geneva, Switzerland, with Caterpillar Global Mining as an equipment management consultant serving mining customers and dealers in Europe and Africa. He then became the large wheel loader new product introduction manager in Aurora. Weiss then moved to Beijing, China, for four years where he served as the wheel loader product manager for the Asia Pacific Region. He then was named the worldwide product manager for medium wheel loaders in Aurora before being named Earthmoving vice president in 2013. Weiss graduated from Purdue University with a degree in agricultural engineering and an MBA from Northern Illinois University.

Karl Weiss, Caterpillar vice president of the Earthmoving Division, will become vice president of the Material Handling & Underground Division effective August 1, 2017.

 

Frederic Istas Appointed Vice President of the Earthmoving Division

Caterpillar’s board of directors has appointed Frederic Istas, currently aftermarket solutions global manager for Caterpillar’s Global Aftermarket Solutions Division, to the position of vice president of the Earthmoving Division.

“Building on his more than 20 years with Caterpillar, Frederic brings strong product management leadership experience from previous roles in the United States and Europe, as well as product support and marketing experience to this role,” Umpleby said.

Istas joined Caterpillar in 1996 as part of the Europe, Africa & Middle East (EAME) Marketing Division, based in Geneva, Switzerland. He held roles as a 6 Sigma black belt and master black belt. In 2004, Istas was named district manager for the EAME Marketing Division in Geneva. From 2008-11, he was a global process owner in the Global Revenue Management Group based in Peoria. He then was named a regional product manager for the Excavation Division based in Europe. Istas has a degree in electromechanics from Industriele Hogeschool, Gent, Flanders, Belgium. Istas will begin his new role August 1, 2017.

Frederic Istas, aftermarket solutions global manager for the Global Aftermarket Solutions Division, has been appointed vice president of the Earthmoving Division effective August 1, 2017.

Caterpillar Venture Capital Invests in Alight Mining Solutions™

Investment to support Caterpillar’s mining customers with financial forecasting and scenario analysis

Caterpillar Venture Capital Inc., a wholly owned subsidiary of Caterpillar Inc. (NYSE:CAT), announced today a strategic investment in Alight, Inc., a San Francisco-based SaaS (software as a service) technology company that develops industry-specific solutions for financial forecasting and scenario analysis. The unique software has modules that are designed specifically for different industries, with mining and mortgage banking as the first two target industries.

Caterpillar has begun discussions with Alight Mining Solutions to develop enhanced solutions that will combine data from technology-enabled machines with financial forecasting software to help mining companies make more real-time business decisions.

Alight’s cloud-based products allow users to pull data from other systems such as Cat® MineStar™, quickly run multiple scenarios to facilitate financial decision making and then create enterprise-level financial forecasts.

“We’re always looking to invest in new ways that could help Caterpillar’s customers improve their profitability, especially through the use of technology,” said Jim Hawkins, managing director of mining technology for Caterpillar. “Alight’s technologies can allow our customers to see the financial impact of a machine or technology purchases as well as operational decisions before they’re made.”

“We are thrilled to partner with Caterpillar and help bring new levels of innovation to the global mining industry,” said Michele McGovern, CEO, Alight, Inc. “Caterpillar’s technology is making huge quantities of rich information available to its customers and our intention is to combine this data with Alight’s solutions so that data can be used to drive decision making to find greater profits and opportunities for growth.”

Like Cat MineStar, Alight’s mining offering was developed by mining industry experts, specifically for mining customers. Combining Alight’s software with Cat MineStar will allow production data such as tons-moved to be viewed in context of financial information such as costs and revenues, helping miners make assessments at the site level and analyze strategic opportunities throughout the enterprise.

“Our mining customers make decisions on very large capital investments, in market conditions that are constantly changing,” continued Hawkins. “We believe that the solutions we are looking to develop with Alight could help them better understand the impact of these decisions on production and operations as well as on profit margins and cash flow.”

Cat MineStar, part of the Cat Connect family of technologies and services, helps customers deal with everyday challenges: controlling costs, extending equipment life, and enhancing safety. For mines large and small, above and below ground, Cat MineStar works with any brand of equipment helping customers leverage data across their existing machines, systems, and technologies to boost business results and gain their competitive edge.

About Caterpillar
For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2016 sales and revenues of $38.537 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments – Construction Industries, Resource Industries and Energy & Transportation – and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.

About Alight
Alight is a fast-growing provider of industry-specific, cloud-based applications that change the way businesses are run. Alight’s applications let executives Manage the FutureÔ by showing the financial ripple effects of potential decisions across the enterprise. Alight works with firms in dynamic and complex industries, including mining and mortgage banking. For more information: alightinc.com.

CATERPILLAR ANNOUNCES VICE PRESIDENT RETIREMENTS, APPOINTMENTS AND ORGANIZATIONAL CHANGES

Caterpillar Announces Vice President Retirements, Appointments and Organizational Changes

Caterpillar Inc. (NYSE: CAT) today announced three vice presidents, Paolo Fellin, Greg Folley and George Taylor, have elected to retire. In connection with these retirements and the company’s previously announced plan to review and update its strategy, Caterpillar is also announcing organizational changes, appointing two new vice presidents and launching a search for a third.

Paolo Fellin Retirement

After 37 years of service to the company, Paolo Fellin, Caterpillar vice president of the Global Construction & Infrastructure (GCI) Division, has elected to retire.

“Over his long career, Paolo has built an unrivaled reputation for his passion and devotion to finding solutions for our customers,” said Jim Umpleby, Caterpillar CEO. “His leadership has played a critical role as Caterpillar has improved its market position for worldwide machine sales in the last several years.”

Fellin joined Caterpillar in 1980 in Geneva, Switzerland. Over the next several years, Fellin held a series of sales and marketing positions throughout Europe, Africa & Middle East (EAME). In 1992, Fellin moved to products and operations becoming product manager for small excavators (France). In 1996, he was named product manager for wheel loaders (Belgium). In 2003, Fellin was appointed industry manager for Caterpillar’s North American Commercial Division (NACD). In 2004, the Caterpillar board of directors named him vice president of EAME, including CIS, Marketing Division, and in 2009, he was named vice president of EAME Distribution Services. In 2013, Fellin became vice president for GCI. His retirement is effective August 1, 2017.

Paolo Fellin, Caterpillar vice president of the Global Construction & Infrastructure Division, elects to retire effective August 1, 2017.

Greg Folley Retirement

After 22 years of service to the company, and 11 years of practicing law prior to joining Caterpillar, Greg Folley, Caterpillar vice president of the Industry Solutions, Components & Distribution Division (ISCD), has elected to retire.

“Greg began his career with Caterpillar in the Human Services Division, and while he’s held a range of leadership and executive positions focused on remanufacturing, component production and distribution during his career, his focus on people along with his positive attitude and leadership style are the hallmarks of his career,” Umpleby said.

Following an 11-year career outside of Caterpillar, Folley joined Caterpillar in 1995, and held numerous positions in the Human Services Division, including senior labor relations consultant, human resources manager, corporate labor relations manager, U.K. HR Shared Services director and director of Compensation + Benefits. In 2008, the Caterpillar board of directors named Folley vice president of the Core Components Division. He then served as the chief HR officer from 2009-11, and as vice president of the Remanufacturing, Components & Work Tools Division from 2011-15. In 2016, Folley was named vice president of ISCD. His retirement is effective August 1, 2017.

Greg Folley, Caterpillar vice president of the Industry Solutions, Components & Distribution Division, elects to retire effective August 1, 2017.

George Taylor Retirement

After 19 years of service to the company, and with more than 15 years of business experience prior to joining Caterpillar, George Taylor, vice president of the Marketing & Digital Division, has elected to retire.

“George has played a significant role in leading Caterpillar’s initiatives utilizing data analytics, innovation, digital channels and techniques to unlock competitive advantages for our customers,” Umpleby said. “George has laid a solid groundwork in this area as Caterpillar continues to develop digital solutions and products for our customers.”

Taylor joined Caterpillar in 1998 as a strategic business planning services manager. Taylor held numerous marketing, product support and general management positions before he was named the director and general manager of the global on-highway truck group in 2006. In 2015, the Caterpillar board of directors appointed Taylor as vice president of the Customer Services Support Division, and, later, as vice president of the Marketing & Digital Division.

Before joining Caterpillar, Taylor had extensive external experience with IBM. He began in 1984 as a systems engineer and held several managerial positions before becoming a client executive in 1994. Taylor’s retirement is effective August 1, 2017.

George Taylor, Caterpillar vice president of the Marketing & Digital Division, elects to retire effective August 1, 2017.

New Divisions Created in Connection to Updated Corporate Strategy

Following the above announced retirements, and taking into account the company’s previously announced plan to review and update its strategy with the establishment of a Strategic Planning Committee (SPC), Caterpillar is also announcing organizational changes that will result in the creation of two new divisions. The company is forming these new divisions to drive greater efficiencies and effectiveness in support of its customers.

 

Chris Snodgrass Appointed Vice President of Product Support & Logistics Division

Caterpillar’s board of directors has appointed Chris Snodgrass, currently general manager for Caterpillar’s Industrial Power Systems Division (IPSD), to the position of vice president of the newly created Product Support & Logistics Division (PSLD). This division will combine groups currently located in other Caterpillar divisions to drive collaboration and implement strategic initiatives under the leadership of Snodgrass. PSLD will include design and manufacturing of wear and maintenance component products, as well as support of prime product and parts distribution, inbound and outbound logistics, warehousing functions, and packaging and container management.

Snodgrass joined Caterpillar in 2013 following a successful 20-year career that included senior and executive leadership positions with commercial vehicle and industrial components manufacturer Meritor, and with Daimler AG, including roles in the Mercedes Benz truck division in Europe, Freightliner Trucks in North America, and with engine manufacturer Detroit Diesel Corporation.

“Since joining Caterpillar, Chris has quickly demonstrated an ability to deliver results;  as general manager for IPSD, he’s played a significant role reducing material costs and driven substantial process improvements and results for the division’s sales and marketing functions,” Umpleby said. “His significant outside experience and perspective combined with his sharp focus on customers make him ideally suited for this role.”

Snodgrass has a bachelor’s degree in management and organizational leadership from Concordia University. He will report to Rob Charter, group president of Customer & Dealer Support. Snodgrass will assume his new duties effective July 1, 2017.

Chris Snodgrass is appointed to the position of vice president of Caterpillar’s newly created Product Support & Logistics Division effective July 1, 2017.

Caterpillar Announces New Digital Enabled Solutions Division and Search for a Digital Vice President

The newly created Digital Enabled Solutions Division will bring together the company’s data analytics group, the enterprise data hub, equipment management tools, Cat® Connect technologies and customer experience portals.

“We recognize the need to bring these groups into an organization that will bring enhanced focus and strategic alignment to the existing and yet-to-be developed digital enablers for our products and customers,” Umpleby said.

Caterpillar will immediately begin an external search for an executive to lead the new division, which will report to Charter. In addition, as part of the reorganization, Caterpillar’s marketing and brand organization will become part of the existing Global Aftermarket Solutions Division led by Vice President Nigel Lewis.

 

Damien Giraud Appointed Vice President of Global Construction & Infrastructure Division

Caterpillar’s board of directors has appointed Damien Giraud, currently worldwide product manager for Caterpillar’s large excavators, as the vice president of GCI.

Giraud joined Caterpillar in 1998, following a seven-year career with Colas Group, a French civil engineering and construction firm. During his nearly 20 years with Caterpillar, Giraud has held a number of marketing and product management roles with an increasing level of responsibility. A native of France who speaks four languages, Giraud has worked in Europe, Africa, Asia and North America.

“Damien brings an exceptional focus on our customers to this position,” Umpleby said. “That customer focus combined with his global work experience, deep industry knowledge and his strong and transparent communication skills make him ideally suited for this position.”

Giraud has a bachelor’s degree in engineering from Ecole Des Mines, Saint Etienne, France and a master’s degree from the International Institute for Management Development in Lausanne, Switzerland. Giraud will be based in Geneva, Switzerland and will assume his new duties effective August 1, 2017.

Damien Giraud is appointed vice president of Caterpillar’s Global Construction & Infrastructure Division effective August 1, 2017.

About Caterpillar
For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2016 sales and revenues of $38.537 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments – Construction Industries, Resource Industries and Energy & Transportation – and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.

Caterpillar Introduces Cat® Rp12000 E Portable Generators In Us And Canada

 

Caterpillar is expanding the Cat® RP Series portable generators line with the introduction of the RP12000 E. The new generator fills out the top of the series, delivering 12kW of running power and new features to meet the specific needs of the “pro-sumer” – emergency home back-up, DIY enthusiasts and contractors.

The RP Series initially launched in North America in September 2016 with four standard models, ranging from 3.6 to 7.5 kW. The series is the first prime product designed, engineered and supported by Caterpillar specifically for consumers. The generators are now available in the US and Canada via over 550 Cat Home & Outdoor Power sales locations, which include regional and local retailers, traditional Cat dealers and online retailers (currently Electric Generators Direct and Amazon).

Like the other products in the series, the RP12000 E was designed by Caterpillar engineering teams based in Illinois and the United Kingdom. The team focused on delivering the key design elements customers value most – power output and quality, ease of use, run-time, low noise, overall value and durability – in addition to a collection of premium features to set it apart from other generators in its class.

Long Lasting Power

The RP12000 E has a new, larger frame to house a larger, powerful 670cc V-Twin engine. The engine has a fully pressurized oil system and delivers up to 15kW of surge power, making it suitable for powering more equipment and heavy loads. The all-copper generator delivers a clean power with less than 5 percent total harmonic distortion, which is suitable for sensitive electronics and tools. Engineers also included a low-idle mode option, which optimizes fuel consumption and noise levels and reduces engine wear. With runtimes over 11 hours (at 50% load), customers will be able to work an entire day without needing to refuel.

In addition to the low idle mode, engineers designed a custom muffler and positioned the extra-large steel fuel tank on top of the engine (versus the side like most competitive models) to further minimize noise levels. The design also prevents damage from vibration.

Ease of Use

Like other models in the series, the RP12000 E was designed for simple, safe, fuss-free operation. It includes a lighted, single side-operators station, enabling the user to start and operate the generator without having to walk around or move it. The panel houses 9 receptacles including a 50A 240V outlet, which is unique to this model and required for many heavy-duty tools. The RP12000 E also includes a removable lifting eye and handle, and is designed with a balanced center of gravity, which test users noted makes it surprisingly easy to push and pull around. The whole unit is deftly packed into a compact, visually appealing frame – easy to store and a show piece on any showroom floor.

Durability

The RP 12000 E is constructed of solid 32mm steel, which is treated and coated to prevent corrosion and rust. The large metal wheels include integrated bearings for long life and high-quality solid rubber tires. The RP12000 E comes with a 2-year warranty (extended to 3 years when the product is registered), which includes parts and service for the entire warranty term, and all RP Series products are backed by Caterpillar’s 24/7 customer support.

Caterpillar continues to expand its Home & Outdoor Power distribution channels and product portfolio and anticipates additional product launches in 2017. For more information on the RP Series, including where to buy, visit: http://www.cat.com/homeandoutdoorpowerhttp://www.cat.com/12kw.