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press release

Sept. 20, 2021, 8:00 a.m. EDT

Bright Machines® Introduces Brightware® Studio to Liberate Factory Automation

New software offering to empower manufacturers to configure and optimize assembly automation quickly and easily

SAN FRANCISCO, (BUSINESS WIRE) -- Today, Bright Machines®, an innovator in intelligent, software-defined manufacturing, announced the launch of Brightware® Studio, a new software offering that liberates manufacturers from the constraints of traditional factory automation and introduces a new self-service capability that enables flexible automation at greater speed and lower cost.

Brightware Studio provides additional functionality to the Bright Machines Microfactory – the company’s flagship solution which combines intelligent software and modular building blocks to automate repetitive assembly and inspection tasks. Based on a modern, low/no code workflow, Brightware Studio is operated using an intuitive user interface, giving production line operators and technicians the ability to easily program, run, analyze and debug the assembly process on the factory floor.

“Software-driven automation has proven to be one of the most effective ways for manufacturers to stay resilient and competitive in today’s unpredictable economic environment,” said Amar Hanspal, CEO & Co-founder, Bright Machines. “Brightware Studio elevates our current microfactory offering with enhanced software functionality that equips customers with the flexibility to quickly respond to changing consumer demands.”

New features include:

Functionality that empowers everyone in the factory:

  • “Self-serve” process optimization: Once a Bright Machines Microfactory is deployed to a customer facility, onsite operators and technicians can use Brightware Studio to easily make changes or add steps to the line – including reconfiguring assembly instructions or adjusting device settings – to ensure an optimal production process from start to finish.

  • Reduced vendor dependency: Unlike traditional automation, Brightware Studio’s self-service capabilities means manufacturers are no longer reliant on the support of technical experts, system integrators, or other automation vendors to make changes, thereby improving their ability to respond to market changes and increase the overall efficiency of their lines.

  • Advanced customization: Within the unified dashboard, users can set up customized warnings, alerts, and diagnostics to tailor their automation experience.

Smart automation that is up and running in minutes:

  • Seamlessly integrated with microfactories: Bright Machines Microfactories will now come pre-integrated with Brightware Studio, which incorporates standard assembly skills that can be used to reprogram lines and accommodate product changes.

  • Line monitoring without downtime: With Brightware Studio, customers can view their equipment status, track key performance indicators, set up alerts and notifications, customize data visualizations and more. Unlike with traditional automation deployments, Brightware Studio works from day one, as all of the integration work associated with data collection, data modeling, semantic mapping, and data visualization has already been done upfront.

  • Standardized user experience: Brightware Studio’s intuitive user interface and easy-to-use controls reduce the need for training and enable operators to manage other Brightware Studio lines with ease.

“Manufacturers face many bottlenecks in the path to automation, including vendor or system integrator lock-ins, long deployment times, and clunky user interfaces,” said Abhishek Pani, Chief Product Officer, Bright Machines. “By removing many of the hurdles that have traditionally made factory automation challenging or laborious, Brightware Studio makes the management of next-generation automation virtually effortless.”

Brightware Studio is a subscription-based offering that is available on all new Bright Machines Microfactories.

About Bright Machines

Headquartered in San Francisco, Bright Machines is an innovative technology company that is pioneering a new approach to intelligent, software-defined manufacturing. It leverages computer vision, machine learning, 3D simulation, and robotics to fundamentally change the flexibility, scalability, and economics of production. With more than 550 employees worldwide, Bright Machines operates R&D centers in the U.S. and Israel, with additional field operations in North America, Central America, Southeast Asia and EMEA.

In May of this year, the company entered into a definitive merger agreement with SCVX /zigman2/quotes/217056727/composite SCVX -0.05% , a special purpose acquisition company, with the intent of becoming a publicly traded company.

Bright Machines is reimagining how products can be designed and produced to address the realities of today and the future ahead. Rethink everything you ever knew about manufacturing. Visit www.brightmachines.com .

Bright Machines® and the LOGO and Brightware® are registered trademarks of Bright Machines, Inc.

Additional Information and Where to Find It

In connection with the proposed business combination, SCVX intends to file a Registration Statement on Form S-4, including a preliminary proxy statement/prospectus and a definitive proxy statement/prospectus with the SEC. SCVX’s stockholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and documents incorporated by reference therein filed in connection with the proposed business combination, as these materials will contain important information about Bright Machines, SCVX, and the proposed business combination. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of SCVX as of a record date to be established for voting on the proposed business combination. Stockholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, and other documents filed with the SEC that will be incorporated by reference therein, without charge, once available, at the SEC’s website at www.sec.gov , or by directing a request to: c/o Strategic Cyber Ventures, 1220 L St. NW, Suite 100-397, Washington, DC 20005.

Participants in the Solicitation

SCVX and Bright Machines and their respective directors and executive officers may be considered participants in the solicitation of proxies with respect to the potential transaction described in this press release under the rules of the SEC. Information about the directors and executive officers of SCVX is set forth in SCVX’s Annual Report on Form 10-K filed with the SEC pursuant to Section 13 of the Securities Exchange Act of 1934, as amended, on April 6, 2021, and is available free of charge at the SEC’s web site at www.sec.gov , or by directing a request to: c/o Strategic Cyber Ventures, 1220 L St. NW, Suite 100-397, Washington, DC 20005. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the SCVX shareholders in connection with the potential transaction will be set forth in the registration statement containing the preliminary proxy statement/prospectus when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated above.

No Offer or Solicitation

This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

Forward Looking Statements

Certain statements herein may be considered forward-looking statements. Forward-looking statements generally relate to future events or SCVX’s or Bright Machines’ future financial or operating performance. For example, statements about the expected timing of the completion of the proposed business combination, the benefits of the proposed business combination, the competitive environment, and the expected future performance and market opportunities of Bright Machines are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by SCVX and its management, and Bright Machines and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (2) the outcome of any legal proceedings that may be instituted against SCVX, Bright Machines, the combined company or others following the announcement of the proposed business combination; (3) the inability to complete the proposed business combination due to the failure to obtain approval of the shareholders of SCVX or to satisfy other conditions to closing; (4) changes to the proposed structure of the proposed business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the proposed business combination; (5) the ability to meet stock exchange listing standards at or following the consummation of the proposed business combination; (6) the risk that the proposed business combination disrupts current plans and operations of Bright Machines as a result of the announcement and consummation of the proposed business combination; (7) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the proposed business combination; (9) changes in applicable laws or regulations; (10) the possibility that Bright Machines or the combined company may be adversely affected by other economic, business and/or competitive factors; and (11) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in SCVX’s Form 10-K for the year ended December 31, 2020, and which will be set forth in the registration statement to be filed by SCVX with the SEC in connection with the proposed business combination.

Nothing herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither SCVX nor Bright Machines undertakes any duty to update these forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210920005252/en/

SOURCE: Bright Machines

Justine Crosby, pr@brightmachines.com


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Copyright Business Wire 2021

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