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Siemens AG ( ) is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad. The principal divisions of the corporation are ''Industry'', ''Energy'', ''Healthcare'' (Siemens Healthineers), and ''Infrastructure & Cities'', which represent the main activities of the corporation. The corporation is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the corporation's total sales, is its second-most profitable unit, after the industrial automation division. In this area, it is regarded as a pioneer and the company with the highest revenue in the world. The corporation is a component of the Euro Stoxx 50 stock market index. Siemens and its subsidiaries employ approximately 303,000 people worldwide and reported global revenue of around €62 billion in 2021 according to its earnings release. History 1847 to 1 ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Siemens Digital Industries Software
Siemens Digital Industries Software (formerly UGS and then Siemens PLM Software) is an American computer software company specializing in 3D & 2D Product Lifecycle Management (PLM) software. The company is a business unit of Siemens, operates under the legal name of Siemens Industry Software Inc, and is headquartered in Plano, Texas. History Evolution of Siemens PLM from UGS: 1963–2007 The first commercial product developed by what is now known as Siemens PLM Software was called UNIAPT, released in 1969 by a software company then called United Computing. UNIAPT was one of the world's first end-user CAM products. United Computing was founded in 1963 above a hair salon in Torrance, California, and went on to purchase the Automated Drafting and Machining (ADAM) software code from MCS in 1973. The code became a foundation for a product called UNI-GRAPHICS, later sold commercially in 1975 as Unigraphics. The following year, United Computing was acquired by the aerospace company M ...
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Project Engineer
Project engineering includes all parts of the design of manufacturing or processing facilities, either new or modifications to and expansions of existing facilities. A "project" consists of a coordinated series of activities or tasks performed by engineers, designers, drafters and others from one or more engineering disciplines or departments. Project tasks consist of such things as performing calculations, writing specifications, preparing bids, reviewing equipment proposals and evaluating or selecting equipment and preparing various lists, such as equipment and materials lists, and creating drawings such as electrical, piping and instrumentation diagrams, physical layouts and other drawings used in design and construction. A small project may be under the direction of a project engineer. Large projects are typically under the direction of a project manager or management team. Some facilities have in house staff to handle small projects, while some major companies have a departm ...
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Financing
Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses its internal reserves to satisfy its necessity for cash, while the term financing is used when the firm acquires capital from external sources. Sources of funding include Credit (finance), credit, venture capital, donations, Grant (money), grants, savings, Subsidy, subsidies, and taxes. Fundings such as donations, subsidies, and grants that have no direct requirement for return of investment are described as "soft funding" or "crowdfunding". Funding that facilitates the exchange of equity ownership in a company for capital investment via an online funding portal per the Jumpstart Our Business Startups Act (alternately, the "JOBS Act of 2012") (U.S.) is known as equity crowdfunding. Funds can be Asset allocation, allocated for either shor ...
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Tertiary Sector Of The Economy
The tertiary sector of the economy, generally known as the service sector, is the third of the three economic sectors in the three-sector model (also known as the economic cycle). The others are the primary sector (raw materials) and the secondary sector (manufacturing). The tertiary sector consists of the provision of Service (economics), services instead of Product (business), end products. Services (also known as "Intangible good, intangible goods") include attention, advice, access, experience and affective labor. The information economy, production of information has been long regarded as a service, but some economists now attribute it to a fourth sector, called the quaternary sector. The tertiary sector involves the provision of services to other businesses as well as to final consumers. Services may involve the transport, distribution (economics), distribution and sale of goods from a producer to a consumer, as may happen in wholesaler, wholesaling and retailer, retaili ...
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Telecommunications Equipment
Telecommunications equipment (also telecoms equipment or communications equipment) are hardware which are used for the purposes of telecommunications. Since the 1990s the boundary between telecoms equipment and IT hardware has become blurred as a result of the growth of the internet and its increasing role in the transfer of telecoms data. Types Telecommunications equipment can be broadly broken down into the following categories: *Public switching equipment **Analogue switches **Digital switches ***Voice over IP switches ***Virtual reality (VR) *Transmission equipment **Transmission lines ***Optical fiber ***Local loops **Base transceiver stations **Free-space optical communication ***Laser communication in space **Multiplexers **Communications satellites *Customer premises equipment (CPE) ** Customer office terminal **Private switches **Local area networks (LANs) **Modems **Mobile phones ** Landline telephones **Answering machines **Teleprinters **Fax machines **Pagers ** Router ...
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Home Appliance
A home appliance, also referred to as a domestic appliance, an electric appliance or a household appliance, is a machine which assists in household functions such as cooking, cleaning and food preservation. Appliances are divided into three types: small appliances, major appliances (also known as white goods) and consumer electronics (brown goods). Definition Given a broad usage, the domestic application attached to home appliance is tied to the definition of appliance as "an instrument or device designed for a particular use or function". More specifically, Collins English Dictionary defines "home appliance" as: "devices or machines, usually electrical, that are in your home and which you use to do jobs such as cleaning or cooking". The broad usage, afforded to the definition allows for nearly any device intended for domestic use to be a home appliance, including consumer electronics as well as stoves, refrigerators, toasters and air conditioners. History While many ap ...
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Steam Turbine
A steam turbine is a machine that extracts thermal energy from pressurized steam and uses it to do mechanical work on a rotating output shaft. Its modern manifestation was invented by Charles Parsons in 1884. Fabrication of a modern steam turbine involves advanced metalwork to form high-grade steel alloys into precision parts using technologies that first became available in the 20th century; continued advances in durability and efficiency of steam turbines remains central to the energy economics of the 21st century. The steam turbine is a form of heat engine that derives much of its improvement in thermodynamic efficiency from the use of multiple stages in the expansion of the steam, which results in a closer approach to the ideal reversible expansion process. Because the turbine generates rotary motion, it can be coupled to a generator to harness its motion into electricity. Such turbogenerators are the core of thermal power stations which can be fueled by fossil-fuels, ...
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Gas Turbine
A gas turbine, also called a combustion turbine, is a type of continuous flow internal combustion engine. The main parts common to all gas turbine engines form the power-producing part (known as the gas generator or core) and are, in the direction of flow: * a rotating gas compressor * a combustor * a compressor-driving turbine. Additional components have to be added to the gas generator to suit its application. Common to all is an air inlet but with different configurations to suit the requirements of marine use, land use or flight at speeds varying from stationary to supersonic. A propelling nozzle is added to produce thrust for flight. An extra turbine is added to drive a propeller (turboprop) or ducted fan (turbofan) to reduce fuel consumption (by increasing propulsive efficiency) at subsonic flight speeds. An extra turbine is also required to drive a helicopter rotor or land-vehicle transmission (turboshaft), marine propeller or electrical generator (power turbine). Greater ...
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Compressor
A compressor is a mechanical device that increases the pressure of a gas by reducing its volume. An air compressor is a specific type of gas compressor. Compressors are similar to pumps: both increase the pressure on a fluid and both can transport the fluid through a pipe. The main distinction is that the focus of a compressor is to change the density or volume of the fluid, which is mostly only achievable on gases. Gases are compressible, while liquids are relatively incompressible, so compressors are rarely used for liquids. The main action of a pump is to pressurize and transport liquids. Many compressors can be staged, that is, the fluid is compressed several times in steps or stages, to increase discharge pressure. Often, the second stage is physically smaller than the primary stage, to accommodate the already compressed gas without reducing its pressure. Each stage further compresses the gas and increases its pressure and also temperature (if inter cooling between stages i ...
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Pump
A pump is a device that moves fluids (liquids or gases), or sometimes slurries, by mechanical action, typically converted from electrical energy into hydraulic energy. Pumps can be classified into three major groups according to the method they use to move the fluid: ''direct lift'', ''displacement'', and ''gravity'' pumps. Mechanical pumps serve in a wide range of applications such as pumping water from wells, aquarium filtering, pond filtering and aeration, in the car industry for water-cooling and fuel injection, in the energy industry for pumping oil and natural gas or for operating cooling towers and other components of heating, ventilation and air conditioning systems. In the medical industry, pumps are used for biochemical processes in developing and manufacturing medicine, and as artificial replacements for body parts, in particular the artificial heart and penile prosthesis. When a casing contains only one revolving impeller, it is called a single-stage pump. Whe ...
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Electric Motor
An electric motor is an Electric machine, electrical machine that converts electrical energy into mechanical energy. Most electric motors operate through the interaction between the motor's magnetic field and electric current in a Electromagnetic coil, wire winding to generate force in the form of torque applied on the motor's shaft. An electric generator is mechanically identical to an electric motor, but operates with a reversed flow of power, converting mechanical energy into electrical energy. Electric motors can be powered by direct current (DC) sources, such as from batteries, or rectifiers, or by alternating current (AC) sources, such as a power grid, Inverter (electrical), inverters or electrical generators. Electric motors may be classified by considerations such as power source type, construction, application and type of motion output. They can be powered by AC or DC, be Brushed motor, brushed or Brushless motor, brushless, single-phase, Two-phase electric power, two-p ...
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