Strategic investment from Emerson's corporate
venture capital arm supports First Resonance's ION Factory
Operating System
ST. LOUIS, Sept. 27, 2023 /PRNewswire/ -- Emerson (NYSE:
EMR) today announced it has made a strategic investment through
Emerson Ventures, its corporate venture capital arm, in First
Resonance, a Los Angeles-based
start-up transforming manufacturing with its ION Factory Operating
System (OS).
Through Emerson Ventures' value-add strategic investment
approach, Emerson's investment will support further growth and
development of First Resonance's ION Factory OS, which enables
companies across industries to conduct day-to-day operations and
connect workflows to power modern operations, from production to
supply chain procurement and quality.
"As Emerson continues to accelerate its growth as a leading
global automation company, we are constantly searching for
innovative companies supporting the development of world-changing
software and technologies," said Thurston
Cromwell, vice president of development and innovation, and
head of Emerson Ventures. "This strategic investment brings
together Emerson's deep expertise in automation and First
Resonance's operating system that helps companies modernize their
technology, automate their processes and build transformational
products of the future."
With its discrete manufacturing platform that equips
manufacturers with a digital thread, ION helps remove barriers by
providing tools to improve collaboration, move information more
freely, and use the power of data to deliver insights that result
in better quality and faster delivery.
"First Resonance's mission aligns well with Emerson's focus on
innovation and its ongoing commitment to support manufacturers
building revolutionary products," said Karan Talati, co-founder and chief executive
officer of First Resonance. "From climate and energy to new forms
of transportation, space exploration and robotics, we are
empowering companies to address the most pressing global challenges
across both traditional and emerging industries. Through our
people, the ION Factory OS, and now with the support of Emerson, we
will continue to empower thousands of engineers, operators and
manufacturers to connect and supercharge the future."
About Emerson
Emerson (NYSE: EMR) is a global technology and software company
providing innovative solutions for the world's essential
industries. Through its leading automation portfolio, including its
majority stake in AspenTech, Emerson helps hybrid, process and
discrete manufacturers optimize operations, protect personnel,
reduce emissions and achieve their sustainability goals. For more
information, visit Emerson.com.
About First Resonance
Used by next generation
manufacturers building world-defining hardware like spacecraft,
power plants, and robots, First Resonance provides software to
visionary companies where flexibility and quality traceability are
critical for success. The ION Factory OS by First Resonance makes
it possible for engineers to rapidly move from complex prototypes
to seamless production, accelerating the development cycle. With
ION Analytics, decision-makers get real-time visibility into
bottlenecks in the manufacturing process, empowering them to
iterate quickly and at scale, resulting in faster time to market.
For more information on First Resonance please visit:
https://www.firstresonance.io.
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly historical
may be "forward-looking" statements, which involve risks and
uncertainties, and Emerson undertakes no obligation to update any
such statements to reflect later developments. These risks and
uncertainties include the Company's ability to successfully
complete on the terms and conditions contemplated, and the
financial impact of, the proposed National Instruments transaction,
the scope, duration and ultimate impacts of the COVID-19 pandemic
and the Russia-Ukraine conflict, as well as economic and
currency conditions, market demand, including related to the
pandemic and oil and gas price declines and volatility, pricing,
protection of intellectual property, cybersecurity, tariffs,
competitive and technological factors, inflation, among others, as
set forth in the Company's most recent Annual Report on Form 10-K
and subsequent reports filed with the SEC.
Contacts
Media
Michael Slatin
314-560-1062
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SOURCE Emerson