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Loft Dynamics Unveils VR Instruction from World-Renowned Pilots to Increase Access and Quality of Training, Elevate Safety Standards and Address the Pilot Shortage

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Virtual Demonstration Mode Enhances Training Quality and Safety at Scale for Aircraft OEMs, Operators
and Pilots  

New VR Simulations for Night Vision and Whiteout/Brownout Conditions Make High-Risk Scenario
Training Safe  

Pilots Gain Personalized Insights to Track Progress, Accelerate Skill Development and Gamify Their
Training Experience

ZURICH, Nov. 5, 2024 /PRNewswire/ — Loft Dynamics, the global leader in qualified virtual reality (VR) flight simulation training devices (FSTDs), today announced a suite of industry-shaping features to more efficiently and effectively address the global pilot shortage and high rates of training related accidents. Central to this is LofTWIN,a virtual demonstration mode that digitizes flight instruction from world-renowned pilots and instructors from aircraft original equipment manufacturers (OEMs). This tool makes their expertise immersive, accessible, and scalable across Loft Dynamics’ global network of simulators. Additionally, Loft Dynamics is introducing new simulations—including Night Vision Goggles (NVGs) and Whiteout/Brownout conditions— that make skill- and scenario-based training safer and make simulations more realistic.  

The Next-Gen Solution: Immersive Hardware and Instruction 

“Our VR FSTDs have made realistic and safe pilot training drastically more accessible and affordable, but hardware alone isn’t enough,” said Fabi Riesen, founder and CEO of Loft Dynamics. “The industry faces a global pilot shortage, pandemic-related retirements, and rising demand for air transport—issues compounded by the high costs and limited availability of safe yet effective training solutions. LofTWIN addresses these challenges on a new level by making world-class instruction more accessible and scalable. More than just a tool, LofTWIN is a powerful knowledge-sharing platform that captures and disseminates invaluable expertise to improve training for the next generation of exceptional pilots. It’s the first in a series of upcoming software innovations aimed at democratizing the best pilot training resources.”

Introduction to LofTWIN 

LofTWIN records and transforms expert flight instruction into an immersive VR experience for deployment across Loft Dynamics’ cloud-connected simulator fleet. Its ever-expanding catalog of demonstrations features legendary pilots and instructors, including Glenn White, an experienced EMS pilot and former factory instructor at Eurocopter (now Airbus Helicopters); Gerold Biner, former CEO of Air Zermatt and a rescue pilot in the Himalayas and the Alps; Scott Urschel, one of the world’s few aerobatic helicopter pilots; and Yann Guérin, head of pilot training at Airbus Helicopters. With LofTWIN, pilots build essential skills safely and more efficiently, while OEMs benefit from consistent and accurate demonstrations that lead to safer aircraft operations in real-world flight.  

The Pilot and Operator Experience 

Pilots and operators choose their scenario-based demonstration through Loft Dynamics’ training device, immersing themselves in a realistic VR cockpit with expert virtual instructors. The instructors’ movements are visually replicated by a full-body avatar that provides real-time guidance, while haptic feedback from the controls enhances the experience. After a LofTWIN demo session, pilots can apply learnings to their simulator training, where advanced eye and body tracking monitors responses during each maneuver. The data captured in these sessions equips pilots with insights to track progress over time and benchmark performance against experts. The gamified approach promotes regular skill development and helps usher in a new generation of digital-native pilots. Additionally, LofTWIN allows operators’ chief pilots and instructors to produce high-quality lessons in a standardized way, educating everyone in the organization more efficiently.

The Aircraft OEM Experience 

For aircraft OEMs, now their chief instructors can easily record demonstrations on any Loft Dynamics simulator, allowing them to develop the most relevant and precise instruction and instantly deploy it to any Loft Dynamics training device worldwide. The instructors execute specific maneuvers in the simulator as they usually would, providing detailed commentary through the headset microphone. All audio, visuals, control movements, and force feedback during the session are captured, uploaded, and packaged into a shareable session.   

“This technology is an important milestone for us,” said Yann Guérin, Head of Pilot Training at Airbus Helicopters. “LofTWIN lets us create instructor demonstrations. With just a push of a button, instructors can record their demo on the VR H125 simulator and instantly share it with their trainees. Thus, the training is much more consistent and efficient. Instructors are able to demonstrate and assist their trainees. Furthermore, these demos could be shared within the VR H125 instructor community, increasing training standardization and safety.”  

“LofTWIN also allows OEMs to monetize their expertise,” Riesen added. “For instance, Air Zermatt’s VR mountain rescue demo in whiteout conditions could be purchased by operators in Nepal training rescue pilots and uploaded to their Loft sim. This goes beyond just providing access to exceptional instruction; it connects people to the most relevant expertise available, helping us collectively improve pilot skills and safety.”

Night Operations, Whiteouts and Brownouts Meet VR   

Loft Dynamics continuously develops new simulations of high-risk, complex environments that cannot be safely or accurately replicated in-flight or with other VR tools. This includes the NVG module, which simulates night flight and allows pilots to adjust NVG controls, such as goggle settings, as they would in the real world. Similarly, whiteout and brownout conditions are recreated in VR to elicit realistic physiological responses. Pilots can fine-tune environmental factors like sand and snow levels, enabling them to safely practice maintaining control with minimal visual cues.

Experience It  

To learn more and book your LofTWIN experience, visit www.loftwin.loftdynamics.com

About Loft Dynamics  
Loft Dynamics AG is the global leader in qualified virtual reality flight simulation training devices (FSTD). It is the first and only VR FSTD qualified by the FAA and EASA. Equipped with a 3D high-resolution panoramic view, dynamic six-degrees-of-freedom motion platform, and full-scale replica cockpit with a unique pose tracking system, our revolutionary VR simulators provide a more immersive, realistic, customizable, and safe training experience. By offering a training solution 10 times smaller and significantly more cost-effective than legacy simulators, we enhance training accessibility and scalability, empowering highly skilled pilots to meet global demand. We serve leading manufacturers, airlines, operators, schools, and organizations worldwide. Headquartered in Santa Monica, California, and Zurich, Switzerland, our team comprises passionate engineers, developers, and aviation experts. Visit   www.loftdynamics.com.    

CONTACT: Press@loftdynamics.com  

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SOURCE Loft Dynamics

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Sleighing the Digital Divide with Black Friday Tech Deals

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Holiday Mix & Match Deal puts tech and accessories under your tree for $200 or less!

DETROIT, Nov. 22, 2024 /PRNewswire/ — This holiday season, Human-I-T, a nonprofit dedicated to providing equitable access to technology, is making it easier than ever for holiday shoppers to access affordable tech while giving back to their community. The “Mix and Match Deal,” allows individuals to purchase devices and accessories at prices that fit any budget—all while supporting efforts to close the digital divide.

“For the past 12 years, Human-I-T has been laser-focused on three things: making technology accessible and affordable, offering digital navigation support to those who need it most, and saving our planet by keeping e-waste out of landfills,” said Graeme Jackson, Marketing and Content Manager at Human-I-T. “The ‘Holiday Mix & Match Deal’ helps us achieve all three goals, and the best part is that everyone benefits.”

Available from Friday, November 29th, through Monday, December 30th, the deal offers customers the chance to bundle one device—a tablet, Chromebook, or 2-in-1 device—with one accessory of their choice, including JBL speakers, headphones, a protective laptop sleeve, or a wireless keyboard for $200 or less.

For families, students, or job seekers who may struggle to afford essential technology, this initiative is more than a sale—it’s a lifeline. Human-I-T believes that in today’s digital world, access to reliable technology isn’t a luxury; it’s a basic human right.

“This isn’t just about shopping,” added Jackson. “It’s about providing hope, opportunity, and connection to those who need it most. When you shop with us, you’re not only getting a great deal—you’re helping to change lives.”

The Mix & Match Deal is only available for a limited time. By shopping at Human-I-T’s online store customers can brighten their holiday while directly supporting underserved communities.

Don’t wait—login to the Human-I-T store today

and give the gift of technology that gives back!

View original content to download multimedia:https://www.prnewswire.com/news-releases/sleighing-the-digital-divide-with-black-friday-tech-deals-302314632.html

SOURCE Human-I-T

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Metal Machining Market to Expand by USD 18.43 Billion (2024-2028), Driven by Rising Demand in Oil and Gas Industry, Market Evolution Powered by AI – Technavio

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NEW YORK, Nov. 22, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global metal machining market market size is estimated to grow by USD 18.43 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 4.03% during the forecast period. Growing demand for metal machining in oil and gas industry is driving market growth, with a trend towards growing adoption of automation in metal machining. However, high costs associated with metal machining industry poses a challenge. Key market players include AMADA Co. Ltd., Atlas Copco AB, Bystronic Laser AG, DMG MORI Co. Ltd., DN Solutions Co. Ltd., Guangzhou Komaspec Mechanical and Electrical Products Manufacturing Co. Ltd., IPG Photonics Corp., Jet Edge Inc., JTEKT Corp., Matsu Manufacturing Inc., Messer Cutting Systems Inc., Okuma Corp., Otter Tail Corp., Sandvik AB, Shenyang Yiji Machine Tool Sales Co. Ltd., TRUMPF SE Co. KG, Yamazaki Mazak Corp., FANUC UK Ltd, Mayville Engineering Co. Inc., and Jenoptik AG.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Metal Machining Market Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.03%

Market growth 2024-2028

USD 18.43 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.71

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 43%

Key countries

US, China, Japan, India, and Germany

Key companies profiled

AMADA Co. Ltd., Atlas Copco AB, Bystronic Laser AG, DMG MORI Co. Ltd., DN Solutions Co. Ltd., Guangzhou Komaspec Mechanical and Electrical Products Manufacturing Co. Ltd., IPG Photonics Corp., Jet Edge Inc., JTEKT Corp., Matsu Manufacturing Inc., Messer Cutting Systems Inc., Okuma Corp., Otter Tail Corp., Sandvik AB, Shenyang Yiji Machine Tool Sales Co. Ltd., TRUMPF SE Co. KG, Yamazaki Mazak Corp., FANUC UK Ltd, Mayville Engineering Co. Inc., and Jenoptik AG

 

Market Driver

The Metal Machining Market is experiencing significant trends in machine tools, CNC technology, and automation. CNC lathes, CNC laser machines, and specialized machines like teach-T are popular choices for metalworking processes. Vendors like HireCNC, NUM, and Synthesis offer comprehensive data and reliable market analysis, helping small and medium-sized businesses make informed vendor selections. Advancements in technology include innovative cutting tools, efficiency improvements, waste reduction, and product quality enhancement. Smart cutting tools and performance optimization are key to increasing productivity and accuracy. Predictive analytics and real-time quality assurance are essential for maintaining high product quality. Sectors like automotive, aerospace, construction, and industrial manufacturing are major consumers of metal components and require precision and quality. Key sectors include automotive for mass production, aerospace & defense for high-performance components, and industrial machinery for heavy-duty applications. The market landscape includes various tools and equipment like metal cutting tools, handheld devices, saws, grinders, shears, and specialized machines. IoT integration and 3D printing are also transforming the industry. Despite the high initial cost, the benefits of CNC technology and automation outweigh the investment for profitability and production efficiency. Vendor analysis is crucial for selecting the right CNC machines, PLCs like Codesys V3, and ARM CPUs for optimal performance. 

Vendors in the metal machining market are enhancing their product offerings by incorporating automated equipment in their machining and fabrication shops. Automation streamlines production processes, boosts productivity, and maximizes machine uptime. Continuous operation of automated systems leads to increased output. Automation offers design flexibility, enabling precise parts production with tight tolerances and unique configurations. It is a cost-effective and efficient method for manufacturing intricate products with high accuracy. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

 Market Challenges

The Metal Machining Market is a significant sector, encompassing machine tools, machinists, CNC technology, and various tools and equipment for metal cutting. Challenges include high initial costs, fluctuating raw materials, and the need for automation and profitability in production facilities. CNC lathes, CNC laser machines, and specialized machines like CNC milling machines dominate the market. Sectors like automotive, aerospace, construction, and industrial manufacturing utilize these machines for metalworking processes, prioritizing quality, precision, and efficiency. Advancements in technology bring innovative cutting tools, smart cutting tools, and performance optimization. Vendors like HireCNC, NUM, and FlexiumPro CNC platform offer solutions with CNC technology, IoT, and real-time quality assurance. Vendor selection is crucial for accurate market data, with reliable data analysis essential for profitability. Market sectors include automotive, aerospace, construction, industrial manufacturing, and more. Key players include CNC machines, saws, grinders, shears, gearboxes, disk brakes, and clutch plates. Cross-border trade and 3D printing are emerging trends. Vendor landscape analysis, including Codesys V3 PLC, ARM CPU, and Synthesis, is crucial for informed decision-making. Predictive analytics and quality assurance are essential for productivity increase and accuracy improvement.The global metal machining market involves the use of equipment such as CNC machines, lathes, and milling machines for metal fabrication. The high cost of purchasing and maintaining this machinery may restrict entry for small manufacturers and startups, potentially limiting market expansion. Energy consumption is significant in metal machining processes, particularly during cutting, shaping, and finishing operations. Energy-intensive processes increase operating costs, especially in areas with high electricity prices or limited energy access. Regular maintenance, repairs, and equipment upgrades are necessary for optimal performance and productivity, adding to expenses through spare parts, servicing contracts, and machine downtime.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This metal machining market market report extensively covers market segmentation by

Application 1.1 Automotive1.2 Construction1.3 Aerospace1.4 OthersType 2.1 Laser cutting machine2.2 Plasma cutting machine2.3 Flame cutting machine2.4 Waterjet cutting machinesGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Automotive- The automotive industry is a major consumer of metal machining products, accounting for a significant share of the global metal machining market. Metal parts, including bus bars, electrical contacts, terminals, lead frames, shields, and clips, are extensively used in various vehicle components such as chassis, fuel delivery systems, motors, engines, batteries, alternators, and brake systems. The increasing demand for personal mobility solutions, particularly in urban areas, is driving the growth of the automotive industry. Factors like population growth and government initiatives, such as incentives and regulations promoting electric vehicle adoption, are further fueling this demand. For instance, in Europe, new car registrations grew by 17.8% between June 2022 and June 2023. In India, electric vehicle sales increased by around 49.25% year-on-year to 15,29,947 units in 2023. Major automotive manufacturers, like Toyota and Volkswagen, are expanding their manufacturing capacity and introducing new models to cater to this growing demand. These developments will increase the need for metal machining products, thereby driving the growth of the global metal machining market.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Metal Machining Market encompasses a comprehensive range of machine tools and equipment used for metal cutting and shaping. Machinists utilize various tools such as CNC lathes, milling machines, saws, grinders, shears, and specialized machines to manufacture metal components. The integration of advanced technologies like E and P systems, Industry 4.0, and automation has significantly increased profitability and production efficiency. The market is witnessing in demand for 3D printing technology, which is revolutionizing metal machining by enabling rapid prototyping and customization. Handheld devices and metal cutting tools are also gaining popularity due to their portability and ease of use. The Metal Machining Market continues to evolve, offering endless opportunities for innovation and growth.

Market Research Overview

The Metal Machining Market encompasses a comprehensive data analysis of machine tools, including CNC lathes, CNC laser machines, and specialized machines, used for metal cutting and shaping in various sectors such as automotive, aerospace, construction, industrial manufacturing, and metalworking processes. The market is driven by advancements in technology, innovations in CNC technology, and automation, leading to improvements in product quality, efficiency, and productivity. The integration of Industry 4.0, IoT, and big data analytics enables real-time quality assurance and predictive analytics for profitability and performance optimization. Vendor landscape includes key players offering solutions such as HireCNC, NUM, FlexiumPro CNC platform, Codesys V3 PLC, ARM CPU, and more. The market caters to small & medium-sized businesses and large-scale production facilities, with sectors like automotive and aerospace leading in mass production. The market includes various metal cutting tools, handheld devices, saws, grinders, shears, and specialized machines. The market faces challenges such as high initial costs and fluctuating raw material prices. Cross-border trade is a significant factor in the market’s growth, with various industrial machinery sectors like food & beverage, aerospace & defense, military equipment, and transport machinery utilizing metal machining technologies.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationAutomotiveConstructionAerospaceOthersTypeLaser Cutting MachinePlasma Cutting MachineFlame Cutting MachineWaterjet Cutting MachinesGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Minister Wilkinson highlights the government’s tax break for all Canadians and new Working Canadians Benefit

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NORTH VANCOUVER, BC, Nov. 22, 2024 /CNW/ – The past few years have been challenging. It feels like the price of everything has gone up. And while inflation is back to the 2 per cent target and interest rates have been cut four times this year, we know that Canadians aren’t yet feeling that in their household budgets.

Our government can’t set prices at the checkout, but we can give Canadians more money in their pockets – to help them afford the things they need and save for the things they want.

Today in North Vancouver, Minister of Energy and Natural Resources, the Honourable Jonathan Wilkinson, visited local restaurant Akbar Joojeh 16th to highlight the government’s plan to put more money in Canadians’ pockets.

As Prime Minister Justin Trudeau announced on November 21, starting December 14, we’re giving a tax break to all Canadians. With a GST/HST exemption across the country, Canadians will be able to buy essentials like groceries, snacks, children’s clothing, and gifts – all tax-free.

This new tax break will apply to:

Prepared foods, including pre-made meals and salads, vegetable trays, and sandwiches.Restaurant meals, whether dine-in, takeout, or delivery.Snacks, including chips, candy, and granola bars.Beer, wine, and cider.Children’s clothing, footwear, car seats, and diapers.Children’s toys, such as board games, dolls, and video-game consoles.Books, print newspapers, and puzzles, for all ages.Christmas trees.

This tax break is projected to last until February 15th. This will deliver meaningful savings for Canadians by making essentially all food GST/HST free, providing real relief at the cash register.

Working Canadians will also get some cash back. We’re doing this by providing a new Working Canadians Rebate. That means, Canadians who worked in 2023 with net earnings up to $150,000, will see a $250 cheque in their bank account or mailbox, starting early spring. With the Working Canadians Rebate, we are putting money directly into the pockets of the middle-class – those who have worked so hard to beat inflation. This will give 18.7 million Canadians that extra help to buy what they need.

We encourage Parliament and all parties to get this legislation passed quickly and unanimously, so workers and working families get more money in their pockets.

Families will be spending quality time together over the coming weeks. Some will light Christmas trees for Santa to put gifts underneath. Some will share meals with family and friends. Some might just make hot chocolate, order some take out, and stay in for a movie night. With today’s announcements, we’re making the holidays easier and helping Canadians start the new year with a little more in their pockets.

Quote

“The holiday season is when expenses are highest for many families in North Vancouver—even with inflation back down to 2 per cent and interest rates being cut four times this year. With new tax relief on groceries and holiday essentials, plus a $250 rebate for working Canadians, we are reducing costs when they are highest for Canadians. This means you can focus more on celebrating with family and friends, and start the new year off with a little extra money in your bank account.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

Quick Facts

The GST/HST would be fully relieved on the supply or importation of qualifying goods for a period beginning on December 14, 2024, and ending on February 15, 2025. Further details on the qualifying goods are available here.A family spending $2,000 on qualifying goods, such as children’s clothing, shoes and toys, diapers, books, snacks for the house, or restaurant meals would pay $100 less GST over the two-month period.Canadians who have claimed tax credits for Canada Pension Plan/Quebec Pension Plan contributions or for Employment Insurance (EI) or Quebec Parental Insurance Plan (QPIP) premiums, and those who reported income from EI or QPIP benefits, with individual net income below $150,000 in 2023, would be eligible for the Working Canadians Rebate. Eligible Canadians would begin receiving the payments starting in early spring 2025.The government is focused on making life more affordable for Canadians, with actions that are already saving families and individuals thousands of dollars a year, including:A new National School Food Program, with $1 billion over five years to provide meals for up to 400,000 more kids each year, ensuring all children have the food they need to have the best start in life, regardless of their family circumstances. The Program is expected to save the average participating family with two children $800 per year in grocery costs, with lower-income families benefitting the most.More money through the Canada Child Benefit, to help with the costs of raising children and make a real difference in the lives of children in Canada. The Canada Child Benefit, which is providing up to nearly $8,000 per child in 2024-25, is indexed annually to keep up with the cost of living and has helped lift hundreds of thousands of children out of poverty since its launch in 2016.Saving families up to $14,300 per child, per year with the Canada-wide $10-a-day child care system, which has already cut fees for regulated child care to an average of $10-a-day or less in over half of all provinces and territories and by 50 per cent or more in all others.Saving families about $730 per year with the Canadian Dental Care Plan, which is already available for children under 18, with family incomes under $90,000, because no one should have to choose between taking care of their kids’ teeth and putting food on the table.

Related products

News Release: More money in your pocket—A tax break for all Canadians and the Working Canadians RebateBackgrounder: A Tax Break on Groceries and Holiday Essentials

SOURCE Natural Resources Canada

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