Q5D Technology, a UK-based company specializing in developing hardware and software tools for automating the manufacture of wiring harnesses, recently announced a $3 million investment round led by Lockheed Martin Ventures. The venture capital arm of Lockheed Martin Corporation has invested in the company to help it transition from project-based revenue to machine sales.
Q5D has created robotic tools that work in conjunction with advanced computer-aided design and manufacturing software. This innovative technology allows for the autonomous addition of wiring and printed electronics directly onto product surfaces. By automating this process, Q5D not only improves quality and reliability but also reduces manufacturing costs significantly compared to traditional manual methods.
The company has seen considerable success in the automotive sector, particularly as the industry shifts towards electric powertrains. Automation plays a crucial role in cost reduction and simplifying complex supply chains in this rapidly evolving sector.
Lockheed Martin’s investment in Q5D comes at a critical time as the company transitions from project-based revenue to machine sales. Following the successful launch of its first hardware product last year, Q5D is poised for growth and expansion.
Chris Moran, vice president and general manager of Lockheed Martin Ventures, highlighted the potential of Q5D’s technology for increased versatility and agility. He noted that wiring is a complex and costly aspect of the manufacturing process, and Q5D’s technology can offer flexibility for efficiently switching between manufacturing different parts without sacrificing quality.
To learn more about Q5D and their innovative automation technology, visit their website.
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