News Inc., ( a global on-line marketplace for the manufacturing community, has received $26 million in financing to continue global expansion, develop technology, create new on-line services and cultivate potential acquisitions. Fidelity Ventures and Fidelity Asia Ventures lead the investment, with an additional contribution from existing investor European Founders Fund.

Milltronics ( has unveiled a new corporate look along with some new product developments.

Besides a new company name, Milltronics CNC Machines presented a twin-table product line for increased productivity.

The 30-year-old Minnesota company has changed its identity to “ Milltronics CNC Machines” from “Milltronics Manufacturing” to convey its core business to the marketplace.

New product developments include warranties with doubled time periods, leasing packages and innovative equipment.

A new twin-table product line increases CNC productivity, and the company’s Big-Plus technology for spindles provides more contact area between the spindle and tool to maximize tool life and better handle long tools.

Also, Milltronics has introduced its HM20 horizontal spindle machine, a line of massive cast iron bridge mills for heavy-duty applications, and its SL12 heavy-duty cast iron slant-bed lathe.

Sodick Inc. (, a manufacturer of EDMs, has formed a technology partnership with NASCAR championship-winning organization Richard Childress Racing (RCR).

Dave Thomas, president of Sodick, and Rick Grimes, manufacturing manager at Richard Childress Racing.

Richard Childress Racing will use Sodick wire EDMs to manufacture the precision parts that go into their NASCAR vehicles, and Sodick will gain use of the Richard Childress Racing facility to demonstrate its machines to potential customers and to conduct corporate meetings and customer appreciation events.

Richard Childress Racing is the NASCAR Sprint Cup Series and Nationwide Series racing team whose drivers include Clint Bowyer (no. 07 Jack Daniels Chevrolet), Kevin Harvick (no. 29 Shell-Pennzoil Chevrolet), and Jeff Burton (no. 31 AT&T Chevrolet).

Max-Tek Superabrasive Machine Technologies ( now is offering complete rebuilding services for superabrasive grinding machines, many of which have been in service since the early 1990s.

Max-Tek technicians perform machine disassembly, inspection and cleaning and replace components as needed. Those can include ballscrews, linear guideways, bellows, wiring, coolant manifolds, and new or rebuilt grinding spindles and rotary tables. Upon completion, machines are reassembled, performance tested, verified, documented and repainted.

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