Bosch unveiled cutting edge tech that turns normal glasses into smart glasses, according to several news reports. The Bosch Smartglasses Light Drive uses a light beam which scans a holographic element and directs it to the retina, allowing wearers to see notifications and alerts without having to use a device. The system can be fitted to the frame of any glasses; the key technology weighs less than ten grams. Bosch will launch the Light Drive at the Consumer Electronics Show (CES) in Las Vegas in January. The Light Drive will eliminate the need for people to check their phones while driving or doing other tasks. Google Glass launched in 2013 but was discontinued for the public in 2015 after a range of problems, including weight and battery life.
Stanley Black & Decker
SB&D inked a safe battery licensing deal with Amionx. Amionx is a spinout of American Lithium Energy, which has designed and manufactured batteries for the Department of Defense for more than a decade. It is the first publicly announced license for Amionx’s SafeCore technology, which acts as a circuit breaker to prevent lithium-ion batteries from igniting from an internal short, overcharging or overheating in high temperatures. Terms of the deal were not released. Amionx also has a license with a well-known consumer electronics company that wishes to remain confidential. According to Amionx, adding SafeCore in the manufacturing line does not require new equipment and adds only a small amount to the cost of the materials needed for the battery. Rather than licensing to battery makers, Amionx targets end customers who can then sub-license the tech to their battery suppliers.
Chief Technology Officer Mark Maybury shared the secret to being an innovator with 250 attendees at the American Innovation Conference. He said that to achieve breakthrough innovation, you must “observe carefully, listen deeply, think outside the box and experiment with purpose.” The conference was held at Fordham University’s Gabelli School of Business in New York, in partnership with the Norwegian School of Economics and market research firm Rockbridge Associates. The conference was focused on how important it is for companies to share and collaborate and emphasized the need to understand how customer-focused innovation impacts a company’s success. In addition to Stanley Black & Decker, speakers included representatives from Aflac, IKEA, John Deere and Toyota.
Milwaukee Tool confirmed that they plan to build a $100 million new campus in Menomonee Falls by 2025 that will create 870 new jobs in Wisconsin. Milwaukee has added more than 1,000 employees since 2011. The campus will be built on more than 65 acres that the Village of Menomonee Falls is selling to Milwaukee for $1. The campus will have 2.5 million square feet of building space. Global headquarters will remain in Brookfield, Wisconsin, but Menomonee Falls will have enough space to continue to expand product research facilities and potentially add manufacturing. The total project was announced in mid-December by Milwaukee Tool, Governor Tony Evers and the Milwaukee 7 development organization. Milwaukee Tool would be eligible for an additional $20 million in state tax credits in addition to the $26 million awarded for previously announced expansions in Brookfield. As Milwaukee develops the property, 70% of the property tax revenue generated by the facilities will be given to Milwaukee, with annual payments running until 2037. Separately, Milwaukee also pledged to create 1,812 new jobs and invest $174.5 million in capital expenditures in Wisconsin over a five-year period.
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