TROY, MI – Altair is delighted to welcome CADY to the Altair Partner Alliance (APA), where it will provide its AI-powered CADY Electrical Schematic Inspection SaaS solution. CADY will support Altair’s customers in inspecting their electrical schematics automatically – eliminating the need for users to do it manually, and giving them a comprehensive inspection report within a few hours compared to the days or weeks previously needed.

By detecting errors at an early stage, CADY improves and expedites the design process, reduces costs and resources, accelerates time to market, and improves final products’ quality, reliability, and safety. CADY is used in the telecommunications, automotive, consumer electronics, transportation, and many additional industries.

With CADY, users can:

• Reduce re-spins
• Shorten products' time to market
• Improve products' quality, safety, and reliability
• Find critical errors
• Benefit from touchless onboarding
• Access a library of more than 1 million active components

CADY was founded in 2020 and is headquartered in Tel Aviv, Israel. CADY specializes in addressing commonly found errors in electrical schematics of printed circuit boards (PCBs) – from simple and direct errors to complex logical errors that cause malfunctions and lead to PCB re-designs. Overall, CADY has established itself by automating the traditionally manual process of electrical schematic design. CADY’s mission is to enhance organizations’ productivity and streamline workflows.

“CADY and Altair are natural partners, as our cutting-edge EDA solution meshes perfectly with Altair’s unique platform,” said Gilad Shapira, co-founder and chief executive officer, CADY. “We are excited to provide Altair customers with access to CADY, which will empower them to save time and costs in new ways within their EDA and PCB workflows.”

To learn more about CADY, visit https://web.altair.com/2023-webinar-cady 

FONTENAY-AUX-ROSES, FRANCE – ICAPE Group , a global technology distributor of printed circuit boards ("PCB"), today announced the successful completion of a financing package with a pool of nine European banks, as well as the issuance of Recovery Bonds.

Arnaud Le Coguic, Chief Financial Officer of ICAPE Group, stated: "I would like to thank all our banking partners for their confidence in our project. The successful implementation of this financing in an adverse economic environment underlines both the financial strength and the value proposition of our Group. The additional resources granted will enable us to reinforce our dynamic of aggressive external growth in the short and medium term, in line with our strategy.”

The financing operation consists of a Refinancing Loan for a total amount of €21 million (including three tranches of respectively €15.3 million to be amortized, €2.7 million in fine and €3.0 million in fine) and a €40 million external growth credit facility, of which €20 million are confirmed (including two tranches of respectively €17.0 million to be amortized, €3.0 million in fine).

TP ICAP Midcap was the exclusive financial advisor to ICAPE Group and Caisse Régionale de Crédit Agricole Mutuel de Paris et d’Ile-de-France acted as coordinator of the transaction and credit agent. Banque Palatine, Banque Populaire Rives de Paris and HSBC Continental Europe were mandated arrangers. The banking pool is composed of 9 lenders: Banque Palatine, Banque Populaire Rives de Paris, BNP Paribas, Caisse Régionale de Crédit Agricole Mutuel de Paris et d’Ile-de-France, Crédit Industriel et Commercial, Crédit Lyonnais, HSBC Continental Europe, Landesbank Saar and Tikehau Capital.

Peltier Juvigny Marpeau & Associés advised ICAPE Group on debt and bond issues, and Mermoz Avocats advised the banking pool.

€6 million of Recovery Bonds were subscribed by the Obligations Relance France fund (an investment fund managed by Tikehau Capital) and by the Obligations Relance France – Tikehau Capital fund.

De Gaulle Fleurance acted as advisor to Tikehau Capital.

SHENZHEN, CHINA – In the rapidly evolving tech industry, PCBPit, under the leadership of its Founder, Alex Pan, is extending its specialized services in PCB prototype manufacturing, fabrication, and assembly. Catering to a wide range of sectors, the company demonstrates its proficiency by handling complex circuit board designs and turning them into high-performance printed circuit boards.

For businesses of all sizes seeking PCB solutions, PCBPit continues to emphasize the importance of translating intricate designs into reliable and functional prototypes. Their team of skilled engineers and specialists work tirelessly to ensure that every project, irrespective of its complexity or volume, is handled with due diligence and expertise.

Turnaround times at PCBPit are contingent on the complexity and quantity of a project. However, they strive to ensure that production of simple PCB prototypes takes merely a few days. Owing to its stringent quality management procedures, PCBPit mandates rigorous quality checks throughout its production process. This diligent approach facilitates PCBs to fulfill their performance requirements successfully.

To further impress their commitment towards functionality and reliability, PCBPit leverages testing protocols before the delivery of each PCB prototype. Their comprehensive service includes PCB design services and is capable of accepting Gerber files, among other formats, for PCB design files.

Adding a feather to its cap, PCBPit offers a quick quotation service. It comprehends the high-volume demands of the industry, adjusting itself accordingly to handle such orders effectively. In pursuit of its quest for excellence and compliance, PCBPit makes sure that all its printed circuit boards are RoHS compliant, thus ensuring that its products are environmentally responsible.

As PCBPit expands its service offerings, Alex Pan and his team continue to dedicate themselves to providing intricate designs, reliable service, and high-performance outputs for their clients.

KEMPEN, GERMANY – Lively discussions, knowledge sharing, networking and socializing - all of this characterised the Peters Coating Innovation Forum (PCIF).

Kempen-based Lackwerke Peters GmbH & Co. KG used this first forum after the Corona period to present the technically upgraded conference room to the participants. A good 30 representatives from two dozen partner companies from Central Europe took the opportunity to find out about trends and innovations in the conformal coating segment over two days in the Lower Rhine region. The range of topics covered by renowned speakers included innovations in coating processes, conformal coatings of the future, cleaning before coating and non-contact coating thickness measurements. The program also included laboratory tours, plant presentations, exhibitions and a guided tour of Kempen's charming old town.

"Shortly after the successful productronica, we have set a second exclamation mark with our inhouse exhibition for 2023," said Peters Managing Director Ralf Schwartz, expressing his satisfaction with the 10th PCIF where all facets of conformal coating in electronics production were highlighted. Ralf Schwartz is delighted with the great response to the fully booked Peters Forum, in which all aspects of the conformal coating process played a role. There was also plenty of opportunity for personal discussions during the lunch break and at the coffee counter at the Technology Days.