Archive for the ‘Manufacturing’ category

Manufacturing Renaissance in Greater Rochester — Greater Rochester Quality Council

March 1, 2017

What will it take to create a manufacturing renaissance in the Greater Rochester area?

According to Willy Shih, it involves strengthening the link between manufacturing and innovation, developing advanced manufacturing operations and the supporting structure, educating and preparing the workforce at all levels, and government support for key initiatives.

The Speaker: Dr. Willy Shihshih
Dr. Willy Shih is Robert & Jane Cizik Professor of Management Practice at Harvard Business School and has 28 years of leadership experience in product development and manufacturing with companies such as IBM, Silicon Graphics and Eastman Kodak. He is a leading voice on industrial competitiveness and has co-authored the recent book Producing Prosperity – Why America Needs a Manufacturing Renaissance.

Panelists
Dr. Shih will be joined by panelists Dr. Grace Wang, President of the SUNY Research Foundation; Ed White, Corporate Outreach Executive for AIM Photonics; Dr. Terry Taber, Chief Technical Officer of Eastman Kodak; Dr. Denis Cormier, Director of RIT’s AMPrint Center; Boris Gragera, CEO of NEST iON; Todd Oldham, Vice President, Economic Development and Innovative Workforce Services, Monroe Community College; and panel moderator, Greater Rochester Chamber of Commerce President and CEO Bob Duffy.

Event Date:

  •  Event Date: 3/20/2017
  •  Event Start: 05:15 PM
  •  Event End: 08:00 PM

>>Registration and more information is here<<

East High School Precision Optics Manufacturing Lab: Coating Chamber Functional!

December 22, 2016

The East High Optical Fabrication laboratory recently added coating capabilities with a Denton DV-502A coating chamber.14095696_1755989041351249_5795386981671000285_n

Patrick Iulianello,Vice President Operations at Accucoat (Rochester, NY) recently helped East High Precision Optics Manufacturing students with their first aluminum mirror coating efforts on 2″ plano discs (made in the lab).  Accucoat also helped with some custom tooling for the chamber.

Next up: copper coating!

East High School is the only high school in the country with a precision optical manufacturing lab.
The comprehensive laboratory at East High School is the envy of colleges and universities.accucoat-logo
img_0193 img_0175 img_0169 img_0203 img_0198 img_0170

Rochester Mini Maker Faire Call for Participants

August 18, 2016

Project submission deadlines are in September.

The Faire will be held at the Rochester Riverside Convention Center on Saturday, November 19th.

Calling all makers, crafters, tinkerers, and artists: the application for the third annual Rochester Mini Maker Faire is now open!

On November 19th  from 9am to 5pm at the Rochester Riverside Convention Center, Rochester celebrates the act of Making with attractions, exhibits, talks, demonstrations, and performances showcasing the intersection of science, technology, arts, and crafts — many of them immersive and interactive.

Rochester Mini Maker Faire attracts a broad array of people and exposes them to technology, art, and engineering. Dan Schneiderman, co-chair of Rochester Mini Maker Faire and NYS representative of the White House Nation of Makers Initiative, says,  “Maker Faire brings everyone together: from kids to grandparents, artists to engineers, professionals to hobbyists. Anyone with a passion for making.”
>>Read More Here<<

Addressing Critical Trade Compliance Issues

June 9, 2015

On Thursday, June 4th, OSA, SPIE and New York Photonics hosted a webinar with the Department of Commerce about proposed changes to the U.S. Munitions List.  These changes have the potential to greatly hamper the export of optics and photonics products from the U.S.

26 New York Photonics members participated in the Webinar.  The presentation is >>here<<

 

 

ITAR Alert: Rules Changes and Comment Period

May 5, 2015

A 60-day comment period beginning today is the photonics industry’s opportunity to provide vital input on proposed regulations controlling export of important technologies under Category XII of the U.S. Munitions List, which governs commodities covered by International Traffic in Arms Regulations (ITAR). The proposal has broad implications for the U.S. optics and photonics industry both now and into the future, say analysts at SPIE, the international society for optics and photonics.

SPIE will host a webinar on 12 May to provide information and guidelines on how to comment on the proposed changes – registration is now open.  

Comments needed now from photonics industry on revisions of U.S. export rules. As comment window opens, SPIE webinar will advise how to give input on newly proposed revisions in U.S. export control rules.

The U.S. Department of Commerce is accepting comments on proposed new Category XII rules which govern ITAR. The rewrite is part of an overarching Export Control Reform (ECR) initiative undertaken by the Administration, explained Jennifer Douris, a lobbyist for SPIE, the international society for optics and photonics, and a member of the Sensors and Instrumentation Technical Advisory Committee (SITAC) of the Bureau of Industry and Security in the USDC.

Category XII covers many of the optics and photonics commodities and components controlled under ITAR.

The comment process is seen as the best opportunity for exporters, manufacturers, and researchers to influence revisions in regulations that control photonics exports.

“Most of the other categories have already been addressed, but the Administration has saved Category XII for last due to its complexity and importance to both industry and the military,” Douris said.

 The ECR initiative was launched in 2009 with the expressed purpose of building higher walls around fewer items, she explained. “The reasoning behind this was to allow for better protection of what the military would consider to be its ‘crown jewels’ while recognizing the economic realities that are important to industry. This approach is meant to strengthen our national security, while improving the competitiveness of U.S. businesses.”

 “I believe that the ECR revisions to Category XII must allow for future growth of the photonics and optics industry while protecting technologies especially designed for the military,” said Jim McNally, chair of the SPIE Engineering, Science, and Technology Policy (ESTeP) committee. “Many of the commodities and components controlled by the USML might more appropriately be placed on the Commerce Control List. The reforms will have a direct and lasting impact on industry and our academic community. I urge all parties to participate in the comment period.”

 SPIE CEO Eugene Arthurs noted that the economic impacts being seen by industry are becoming more serious by the day.

 “The stakes are high for our industry,” Arthurs said. “Outside of a few major contractors, the Department of Defense does not and cannot invest enough R&D funds to sustain and grow businesses. Federal budget actions have kept R&D funding virtually flat, while market opportunity grows rapidly.”

 Meanwhile, he said, non-U.S. companies with similar products are selling freely, and using the motto “ITAR-Free” to do so. “Many are prudently investing the resulting revenue back into their companies, feeding the potential for rapid growth” Arthurs said. “This scenario comes at the detriment of the U.S. industry’s growth and the high-paying jobs that come with it.”

Kodak Kodak Kodak

March 24, 2015

A Future Beyond Film, Transformation in the Digital Age

A lot of rehashing this old story, but with a few updates.  We have more jobs in Rochester now than when Kodak was at full employment.

http://graphics8.nytimes.com/bcvideo/1.0/iframe/embed.html?videoId=100000003538108

Read More

Read Even More…

Harris Corporation to Acquire Exelis

February 6, 2015

Feb. 6, 2015 — Harris Corporation (NYSE:HRS) and Exelis, Inc. (NYSE:XLS) today announced a definitive agreement under which Harris will acquire Exelis in a cash and stock transaction valued at $23.75 per share, or an approximately $4.75 billion enterprise value. The agreement has been unanimously approved by the Boards of Directors of both companies. The transaction is expected to close in June 2015 and is subject to customary closing conditions, including regulatory and Exelis shareholder approval.

Under the terms of the transaction, Exelis shareholders will receive $16.625 in cash and 0.1025 of a share of Harris common stock, based on Harris’ closing price as of Feb. 5, 2015, for each share of Exelis common stock. Upon closing, Harris shareholders will own approximately 85 percent of the combined company, and Exelis shareholders will own approximately 15 percent. On a pro forma basis for the latest twelve months ended Dec. 31, 2014, the combined company would have had more than $8 billion in revenue and about 23,000 employees globally, including 9,000 engineers and scientists.

“Acquiring Exelis is transformational for Harris,” said William M. Brown, chairman, president and chief executive officer of Harris. “The combination of the two companies’ highly complementary core franchises creates a competitively stronger company with significantly greater scale. We are expanding in a market, where we have decades of success and a workforce dedicated to providing our customers with innovative and cost-effective solutions for some of their most complex challenges.”

“This agreement to become part of Harris Corporation represents an exciting new chapter for Exelis,” said David F. Melcher, chief executive officer and president of Exelis. “Combining the companies not only creates shareholder value, but the commitment to excellence and innovation that both companies share will significantly benefit customers and provide new opportunities for employees.”

Melcher also noted, “Our 2014 was another strong year, and we expect to report revenue of approximately $3.25 billion and adjusted operating margin between 12.4 and 12.5 percent, which is in line with our previous guidance.” Exelis indicated that approximately $25 million of its anticipated free cash flow for 2014 shifted into 2015 due to some delayed collections, but that its estimate for 2015 free cash flow is being increased to approximately $275 million. Exelis also expects depreciation and amortization of approximately $106 million in 2014, net debt of $139 million and a net unfunded pension liability of approximately $1.9 billion at the end of 2014. Exelis ended the year with an estimated $2.8 billion in funded backlog.

Financial highlights
Based on an expected June 2015 closing, the transaction is expected to be slightly accretive to Harris in the first full year and a significant contributor thereafter. Harris has identified estimated net pre-tax cost synergies from the combination in a range of $100 million to $120 million, with savings expected to achieve annual run-rate in year three. Savings are expected from consolidating headquarters and eliminating public company costs and from operational and functional efficiencies.

Harris has secured $3.4 billion of fully committed bridge financing from Morgan Stanley Senior Funding, Inc. and expects to put in place permanent financing in the form of term loans and unsecured bonds prior to closing. Following the transaction, Harris expects to continue to have a solid balance sheet supported by strong free cash flow from the combined business, enabling it to pay down debt rapidly.

Integration plan
Harris has developed a detailed execution plan to ensure seamless integration and achieve identified cost synergies. The dedicated integration team will have executive leadership and be comprised of senior members of both organizations. Harris is confident in its ability to effectively combine these two companies and provide the organizational alignment to achieve full strategic value.

Advisors
Morgan Stanley & Co. LLC is acting as financial advisor to Harris Corporation and Sullivan & Cromwell LLP is serving as principal legal counsel. J.P. Morgan Securities LLC is acting as financial advisor to Exelis, and Jones Day is serving as legal counsel.

Conference call and webcast
As part of Harris’ previously scheduled conference call today beginning at 8:30 a.m. ET to discuss its second quarter fiscal 2015 financial results (reported in a separate news release today) the management of Harris and Exelis will jointly discuss this announcement. The dial-in numbers for the teleconference are (877) 303-9481 (U.S.) and (760) 666-3582 (International), using participant code 74043536. Please allow at least 10 minutes before the scheduled start time to connect to the teleconference. Participants are encouraged to listen via live webcast. Accompanying presentations as well as the live and archived webcast of the call can be accessed at www.harris.com/webcast/quarterly/2015Q2. An audio replay of the call will be available on the Harris website beginning at approximately 12 p.m. ET on Feb. 6.

About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 125 countries. Headquartered in Melbourne, Florida, the company has approximately $5 billion of annual revenue and about 13,000 employees — including 6,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications® products, systems, and services. Additional information about Harris Corporation is available at harris.com.

About Exelis
Exelis is a diversified, top-tier global aerospace, defense, information and services company that leverages a 50-year legacy of deep customer knowledge and technical expertise to deliver affordable, mission-critical solutions for global customers. Exelis is a leader in positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications and information systems; and focused on strategic growth in the areas of critical networks, ISR and analytics, electronic warfare and composite aerostructures. Headquartered in McLean, Virginia, Exelis employs approximately 10,000 people and generated 2014 sales of approximately $3.25 billion. For more information, visit www.exelisinc.com.