LANSING—Multimatic Sales & Marketing Inc. will build an advanced vehicle development and driving simulation center in Novi with support from the Michigan Strategic Fund, the Michigan Economic Development Corp. announced. The company is a subsidiary of Markham, Ontario-based Multimatic Inc., a global supplier of engineered components, systems, and services to the automotive industry. The project, the
ANN ARBOR—Kraig Biocraft Laboratories Inc., the developer of “spider silk” textiles through genetic engineering, announced that its subsidiary Prodigy Textiles has signed a new five-year lease on a 50,000-square-foot factory in Quang Nam province, Vietnam. Company officials, in a press release, said the new factory “is expected to play a major role in supporting the
DETROIT—Airspace Experience Technologies, an aviation technology start-up that is developing an electric-powered vertical takeoff and landing aircraft that can be rented by the public, announced the launch of an equity funding round through the crowdfunding platform SeedInvest. The company, based at Detroit City Airport, seeks to produce and operate fleets of safe, reliable, emission-free aircraft.
ANN ARBOR—Pixel Velocity, the Ann Arbor-based provider of industrial Internet of Things software and services, announced the addition of several new executives. Pixel Velocity’s Event Velocity is a digital operations software platform for automating the monitoring and management of remote and hazardous assets. Patrick Talley joined the company as executive vice president of sales. Talley has
PLYMOUTH—Wayne County businesses have joined forces to partner with the SME Education Foundation to make available education opportunities for students of Starkweather Academy, an alternative and adult education program that is part of the Plymouth-Canton Community Schools. Seven companies—Alpha USA, Clips and Clamps Industries, Link Engineering Co., Loc Performance Products Inc., Master Automatic Inc., Roush Industries Inc.,
AUBURN HILLS - Fiat Chrysler Automobiles N.V. announced that it will use technology from Harman International Industries Inc., a Stamford, Conn.-based subsidiary of South Korea’s Samsung Electronics, and Google, to power a new “ecosystem” that will enhance the connected life of FCA vehicle owners globally. Harman manufactures connected products for automakers, consumers and enterprises, including
HOLLAND – The New York City-based private equity firm Crestview Partners announced the sale of Holland-based JR Automation Technologies LLC for $1.425 billion in cash to Hitachi, Ltd. Established in 1980, JR designs, builds, and programs advanced automation systems for the automotive, aerospace, e-commerce and life science industries. It has more than 2,000 employees. Crestview
ANN ARBOR—Organizers of the Midwest Growth Capital Symposium announced the ventures that will present at the 38th annual event, which will be held May 14-15 at the Marriott Resort in Ypsilanti. A total of 32 companies actively seeking funding that represent the best of the emerging growth companies across the Midwest will showcase their ventures to an audience of more than
SOUTHFIELD—ImageSoft Inc., the document management software developer, has introduced CaseShare, software that serves appellate court cases as a stand-alone system or integrated with lower courts’ case and document management systems. The company said the software was the product of collaboration with the Virginia District Court. Officials said the software automates the case assembly process, including
BENTON HARBOR—Whirlpool Corp. officials have released the company’s 2018 Corporate Sustainability Report, highlighting the company’s progress and accomplishments in the 2018 operational year, with particularly strong results in its efforts to reduce the amount of natural resources required in manufacturing its appliances. Milestones and progress outlined in the 2018 Corporate Sustainability Report Summary include: Sustainable
