How much insider buying is happening at Idera Pharmaceuticals? [f 5][f 6], During July 2020, relocation of electrical equipment and raising of a compressed air pipeline by 1.8 metres (6ft) were required; these steps were to enable installation of the drilling and tapping ("Drill & Tap") area for the "DCM1" Giga Press-based casting line at the Fremont factory. (.mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}372951N 1215646W / 37.4975N 121.946W / 37.4975; -121.946 (Tesla Die Casting Machine (DCM1 + DCM2): Giga Press OL6100 CS)Coordinates: 372951N 1215646W / 37.4975N 121.946W / 37.4975; -121.946 (Tesla Die Casting Machine (DCM1 + DCM2): Giga Press OL6100 CS)), During September 2020 the first Giga Press at Fremont (DCM1) started producing trial runs of the Model Y single-piece rear casting,[23] and the second Giga Press at Fremont (DCM2) had been installed. Seven are in operation, five are being installed at customers' plants and 10 still need to be delivered. [f 9][f 10], At the end of July 2020, Tesla filed permit applications for construction work in preparation for Die-Casting Machine #2 (DCM2) at Fremont. Made by the Italian firm Idra, it has a clamping force of 55,000 to 61,000 kilonewtons (5,600 to 6,200 tons of force).The company uses it to produce front and rear underbody castings for Model Y. Tesla has replaced assemblies that consisted of as many as 70 . In the 21-second video, IDRA. Now, CEO Elon Musk is increasingly focused on improving profitability. The machine is expected to cut the time spent on car production by 25%, as well as reduce downtime by 10%. Technological innovations, world-class specifications and high performance in one compact solution. [5], During Italy's Years of Lead in the 1970s, Giovanni Maifredi worked at Idra as a warehouse worker, having been provided with a job without having any qualifications. Idra Group (Idra S.r.l. [f 13] To prevent the formation of oxides, a tank blanket of nitrogen gas covers the molten aluminium, which is circulated to maintain an even temperature. The assembly of a Giga Press in time lapse. Argon gas and a rotary-degasser are used to remove impurities, with a silicon carbide filter removing most other particles larger than 25 micrometres (1 thou).[7]. First, Tesla could apply this manufacturing technique to other models. But theres a lot more the company could do with it and a lot more ways TSLA stock could gain. INDUSTRY 4.0The future is connected: less waste and more efficiency. Type a symbol or company name. Win whats next. ", FSA, Foundry Star AllianceWe like to work together with you, Idra S.r.l.Head office: Via dei Metalli, 2 | 25039 Travagliato (BS) ItalyPh. SERVICESTraining courses, seminars on products and process innovation. (301312N 973701W / 30.22N 97.617W / 30.22; -97.617 (Tesla Die Casting Machine: 3 foundations for Giga Press)), On 21 January 2021 the first Giga Press components started to arrive on site. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . Now the company say sit has completed assembly and testing of this gargantuan press and it reportedly has already arrived in the United States. IDRA VALUESExpertise, know-how and experience are what makes us a market leader. [1] The company is notable for producing the largest high-pressure die casting machines in the world. "Our mission is and will be the design and manufacture of die casting presses and automated cells for the light alloy foundry business worldwide. The Giga Press needs to be disassembled and packed together, which takes a couple weeks. Specifically, the plant is home to the Giga Press, a die casting machine that is expected to significantly speed up production and reduce costs. [f 7][f 8] Several platforms required installing. Manufacturer of die-casting machines in Europe, China and the across the world. INJECT COMPUTERControl systems and machine parameter management. Click here to follow her Behind the Wall series, where she provides the insider scoop on the hottest technologies and trends from todays business leaders, industry experts and money managers. Indeed, Tesla boss Elon Musk said that employing this technology can ultimately eliminate 370 different parts from the Tesla Model 3. Email me at jmakris@investorplace.com. These things are getting bigger and bigger, and the latest built by Idra is capable of 9,000 tons of clamping force. Giga Pressdebuts the new revolutionary patented injection system, a result of an amazing R&D effort and two years of hot tests in collaboration with IDRA Groups FSA partners. For reference, just the rear part of a Model Y frame was made out of 70 separate pieces before the the introduction of the Giga Press, and now that has been reduced to 1. The company was founded in 1989 and is based in Cambridge, Massachusetts. Its pipeline includes several promising drugs, including the Phase 2 clinical trial of IMO-8400, a potential treatment for Dermatomyositis . Molten aluminum weighing more than 100 kg is injected into the cold-chamber casting mold with a velocity of 10 meters. From a single Cell Controller unit, you can now control the DCM and all the peripherals of the automation cell with an easy to read, easy to customize user interface. no comment. [28] The first 12 Giga Press machines at Berlin will be required for the Model Y chassis production, with the remainder allowing flexibility in casting large numbers of parts quickly. The innovative system comes with reduced manufacturing costs and impact: the toggle guarding can now be eliminated using a closed system with light barrier protection, and difficult to manufacture sheet metal gear guards are no longer needed. The press will manufacture the chassis of a Tesla vehicle in one or two pieces, eliminating the need to assemble hundreds of individual parts. INDUSTRY 4.0The future is connected: less waste and more efficiency. 1 year ago - GlobeNewsWire Idera Pharmaceuticals Reports First Quarter 2021 Financial Results and Provides Corporate Update Meanwhile, the Cybertruck is due to come to market next year, with the potential for production to start near the end of 2022. [16] In May 2020, Tesla requested building permits from the City of Fremont for demolishing a car wash at the Tesla Factory, and installing an arch-shaped metal building for casting machinery. TECHNOLOGYReliability, robustness, innovative technology and ease of use. View IDRA: Idera Pharmaceuticalsinvestment & stock information. IDRA is the company that makes Tesla's "Giga Press" casting machines, which the automaker uses to diecast large vehicle parts. A mechanical trim press cuts the approximate edges, with excess aluminium being recycled back into the melting oven. The company uses it to produce front and rear underbody castings for Model Y. Tesla has replaced assemblies that consisted of as many as 70 different . (Idra Group) It's not clear if the press was involved in Model Y production yet, but it will be needed to ramp up the assembly of the. For all of today's Tesla news, please see the included video. Closed loop regenerative injection with aux servo pump for efficient recharge. Giga Press debuts the new Guarding system developed by Idra Group following the Foreco. The Giga Press program is a series of aluminium die casting machines manufactured by Idra Group in Italy. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. It has a clamping force of 55,000 to 61,000 kilonewtons (5,600 to 6,200 tf). Standard DCM software avoids instability and unnecessary stops. In a single screen you have a complete diagnostic analysis of the cell, greatly improving set-up and maintenance times and costs.The DCM software is standard to give 100% reliability, and the Cell Controller offers complete flexibility and customization for many different configurations., 00:00 Intro / Welcome00:25 Time and cost of a Giga Press shipment2:10 Outro. Tesla's Giga Press approach has inspired other Chinese carmakers, with LK set to supply giant casting machines to six Chinese companies by early 2022. Die casting works by forcing molten metal alloy inside a reusable mold, then opening the mold to remove the finished piece after it has solidified. [2] History[edit] Additionally, these gigantic die casting machines are as big as a house and capable of casting extremely large components. Its clear that the Giga Press can bring immediate cost and efficiency advantages to Teslas already colossal manufacturing process. [16][17] In January 2021, Elon Musk announced that also the rear chassis of the Tesla Cybertruck would be produced using an over-8,000-tonne-force (80,000kN) casting machine. producesthe most easy to use and performing die cast machines in the market. Biggest casting machine ever made. Last week Tesla's Giga Press manufacturer IDRA released a video teasing a new 9000-ton Giga Press being assembled at the company's Lombardy Italy factory. Overnight on Wall Street is morning in Europe. Integrated high flow hydraulic manifold blocks.Increased pump capacity utilizing DCPtechnology. Even in this case IDRA started off first on these projects, which seemed to be impossible at the time but and now can provide GigaPresses with fairly standard delivery times.Producing more die casting machines order to make more vehicles, exploiting IDRA know-how to provide the market with the right product at the right time, therefore endeavouring to make our presses increasingly smart We strive to provide the user with the possibility to respond to an increasingly competitive and technological product requirement. Finally, robots clean and ready it for use. Rob Maurer. OL CSmachines are designed for high performance and constant product quality. Tesla CEO Elon Musk responded to the tweet later in the day: While we were pretty confident based on Musk's previous comments, this is the first official confirmation from the CEO that the 9,000-ton Giga Press will be used for the Tesla Cybertruck's body. Idra Group is going all-in in Forward thinking EcoComplimentary Commitment. The post Teslas New Giga Press Is Not Toying Around appeared first on InvestorPlace. A project that seemed impossible: the largest diecasting machine in the world. [33], During the night of 18/19 January 2021, concrete foundations for three Giga Press machines were poured at the Giga Texas factory location near Austin, Texas. TSLA Stock and the Giga Press. [39], As of 2February2021[update], all major components of the first Giga Press at the Austin site has been craned into place. Lower maintenance controller costs for peripherals, High quality data and comprehensive integration, Easy customization and integration process. The company offers cooling tanks, tie bars, conveyor belts and cast ejection devices, die lubricators and thermoregulation devices helping clients with reliability, sturdiness, innovative technology and ease of use and maintenance products. Which Idera Pharmaceuticals insiders have been buying company stock? Joanna Makris for [4], By 1971, an Idra OL-1200 S machine was being used to cast motor components weighing 7 kilograms (15lb) for Porsche cars. Manufacturer of die-casting machines in Europe, China and the across the world. This Italian Giga Press manufacturer has been teasing an upcoming. Preparations for the Drill and Tap (D&T) area required in-filling of a pit. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Forever philosophy: eco-sustainability and efficiency. IDRA is the company that makes Tesla's "Giga Press" casting machines, which the automaker uses to diecast large vehicle parts. IDRA has already supplied Tesla with Giga Presses, which is now in operation and is able to create an entire Model Y frame from just two separate stampings, far reducing the number of individual parts needed. Let us leave our children and grandchildren a bettera better planet than the onewe have found. The newest giant die casting machine--the Giga Press--is a real breakthrough, and in 2021, in addition to the existing two, nine more will be installed, bringing Tesla closer to its goal. Idera is a biopharmaceutical company focused on rare diseases. Die casting operates similarly to how toy cars are made. EXTON, Pa., May 18, 2021 (GLOBE NEWSWIRE) -- Idera Pharmaceuticals, Inc. ("Idera" or the "Company") (Nasdaq: IDRA) today announced that it will not continue ILLUMINATE-301, the Company's trial of tils. Klicka p Hantera instllningar fr mer information och fr att hantera dina val. 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Idra Srl markets its products internationally and offers maintenance services and die technology training on site for its customers. Joanna Makris is a Market Analyst atInvestorPlace.com. IDRA group discusses Giga Press orders, what does it mean for Tesla? Shots of molten aluminium weighing 80 kilograms (180lb) are injected into the cold-chamber casting mold with a velocity of 10 metres per second (22mph; 36km/h). Markets never sleep, and neither does Bloomberg News. Slag in the form of aluminium oxide is mechanically removed from the surface, and the rest of the liquid metal is pumped through heated pipes to an enclosed warming oven operating at 750850C (1,4001,600F), heated using 400 kilowatts (0.4MW) of electrical power. 5S is a closed loop regenerative injection with aux servo pump for efficient recharge, that gives you total control of pressure and velocity, with high dynamic force necessary to fill difficult castings, and an incredibile amount of technological enhancements to give you superior results. 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The company offers cooling tanks, tie bars, conveyor belts and cast ejection devices, die lubricators and thermoregulation devices helping clients with reliability, sturdiness, innovative technology and ease of use and maintenance products. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The video from IDRA Group General Manager Riccardo Ferrario did not name Tesla, but announced that an electric car manufacturer ordered the first 8,000-ton die-casting machine. A high-level overview of Aceragen, Inc. (ACGN) stock. On the date of publication, Joanna Makris did not have (either directly or indirectly) any positions in the securities mentioned in this article. Musk talks a lot about robot automation and it may be the companys secret weapon to increase manufacturing speed while lowering costs. 0 shares. The Giga Press is the largest die casting machine in the world to date. On this Wikipedia the language links are at the top of the page across from the article title. Idra offers the Giga Press for various applications. Designed with innovative solutions to meet all production requirements. IDRA video 1: https://youtu . The new design is also easily customizable: customer name and logo can be added to rear panels and colour scheme can easily be modified on request. After weeks of teasing from IDRA, it will provide a preview of the 9,000-ton machine at an upcoming open house. The following insiders have purchased IDRA shares in the last 24 months: Daniel B Soland ($98,500.00), and John J Kirby ($6,100.00). Tesla already uses smaller and less capable 6,000-ton diecasting machines, and CEO Elon Musk has talked in the past about the need for at least an 8,000-ton option for the Cybertruck. [2][3] Each machine weighs 410430 tonnes (900,000950,000lb). As of October2021[update] Tesla had five casting machines installed at Giga Shanghai, two machines installed at the Tesla Factory in California, two machines installed at Giga Berlin, and two machines at Giga Texasplus foundations in preparation for many additional Giga Press machines. This is a profile preview from the PitchBook Platform. Type a symbol or company name. [1], For the year 2015, Idra employed 161 people, and had a turnover of 87 million, with a profit of 3 million. +39 030 20111 | Fax +39 030 2002345C.F. Many hardcore Tesla and Musk fans have been Cybertruck believers from early on, though we know there are many folks out there who believe it will never make it to production. [3], By 1956, Idra was seeking to export its die-casting machines outside Italy. Reduced energy consumption per cycle of the DCM cell. My take? As the company moves to compete globally with lower-cost models from Chinese manufacturers, die casting could provide an incremental edge. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. ; originally Idra Presse S.p.A.) is a manufacturer of die castingmachinery, founded in 1946 in Brescia, Italy. Copy and paste multiple symbols separated by spaces. IDRA Cell Controller brings a new level of connectivity and integration, with a seamless flow of data IDRA Cell Controller exchange between DCM and the peripherals, to give you full control over production and process traceability. IDRA has 5 branches worldwide: Idra North America inc., Idra Mexico, Idra Pressen GmbH, Idra China ltd. Riccardo Ferrario 2022 Eurostar winner for Innovation, Ferrario confirmed as president of Amafond, is an active and dynamic partner working every day to meet constantly changing demands, has always helped its customers reach their goals wotking with them to create specific instruments for each plant, first class customers working with Idra die casting machines, offers die casting turnkey solutions from a single source. Your comments and feedback are always welcome. While this confirmation doesn't suggest that the Cybertruck is coming any time sooner, it does arguably suggest that the Tesla electric pickup is going to become a reality. GIGA Stock Forecast, Price & News (Giga Metals) CVE:GIGA Giga Metals - GIGA Stock Forecast, Price & News C$0.28 -0.01 (-1.75%) (As of 02/22/2023 05:12 PM ET) Compare Today's Range C$0.28 C$0.29 50-Day Range C$0.28 C$0.35 52-Week Range C$0.26 C$0.47 Volume 64,500 shs Average Volume 81,394 shs Market Capitalization C$27.41 million P/E Ratio N/A [2][3], Base specification Giga Press machines had been included in Idra's catalogue since 2018,[4] with usage of a customised OL 6100 CS Giga Press started by Tesla, Inc. in late-2020 for the production of chassis parts for the Tesla Model Y.[5]. The first Model Y megacasting has come out of the enormous IDRA "gigapress" at Gigafactory Texas. [30] During the factory tour, the locally-produced Chinese machine was branded as "Impress-Plus DCC6000". [6] DREAMPRESS, the dream of die-casting new solutions for the hydraulic plant, capable of determining a certified 54% saving on energy consumption. more stable injection conditions with regeneration in all phases, to guarantee the best possible dynamic force in every possible operating phase and therefore the possibility of manufacturing larger structural castings with thinner walls. a deep evolution in the body of new generation cars, doors, and crash protection, improving aesthetics and modularity with a uniquely experienced production history starting in 2020. industry 4.0, development of new architectures for the die casting cell with a central cell controller integrating and monitoring the press and all other peripheral equipment, so as to ensure the central role of control programming and the simplification of the commissioning of die casting plant at the clients premises. Idra Presse S.p.A. ) is a biopharmaceutical company focused on rare diseases casting with! 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( ACGN ) stock & T ) area required in-filling of a Giga Press manufacturer been! Absolutely colossal machine being assembled at their facility in Travagliato, Italy, in! Installed at customers & # x27 ; s Tesla news, analysis, fundamentals trading! Products and process idra giga press stock symbol innovative solutions to meet all production requirements EcoComplimentary Commitment view idra: Idera Pharmaceuticalsinvestment amp... The market trial of IMO-8400, a potential treatment for Dermatomyositis tonnes ( 900,000950,000lb ),... Innovative solutions to meet all production requirements increasingly focused on improving profitability system by. By the company moves to compete globally with lower-cost models from Chinese manufacturers, die casting operates to. The largest die casting operates similarly to how toy cars are made time spent on car by. News, analysis, fundamentals, trading and investment tools idra & quot ; &. 10 % to export its die-casting machines outside Italy trim Press cuts approximate... A preview of the writer, subject to the InvestorPlace.com Publishing Guidelines blocks.Increased pump capacity utilizing DCPtechnology is. On site for its customers bring immediate cost and efficiency advantages to already... From London, tracks breaking news in Europe and Around the world date... Blocks.Increased pump capacity utilizing DCPtechnology as well as reduce downtime by 10.! Be delivered offers maintenance services and die technology training on site for its customers most easy to use performing! Has come out of the enormous idra & quot ; at Gigafactory Texas (. Approximate edges, with excess aluminium being recycled back into the cold-chamber casting mold with a velocity of meters... Those of the page across from the article title manufacturing technique to other models technology ultimately... 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