Panasonic Appears To Be On The Hunt

Japanese electronics giant Panasonic Corp said it is gearing up to spend 1 trillion yen ($8.4 billion) on acquisitions over the next four years, bolstered by a stronger profit outlook for its automotive and housing technology businesses.

Chief Executive Kazuhiro Tsuga said at a briefing on Thursday that Panasonic doesn’t have specific acquisition targets in mind for now. But he said the firm will spend around 200 billion yen on M&A in the fiscal year that kicks off in April alone, and pledged to improve on Panasonic’s patchy track record on big deals.

“With strategic investments, if there’s an opportunity to accelerate growth, you need funds. That’s the idea behind the 1 trillion yen figure,” he said. Tsuga has spearheaded a radical restructuring at the Osaka-based company that has made it one of the strongest turnaround stories in Japan’s embattled technology sector.

Tsuga previously told Reuters that company was interested in M&A deals in the European white goods market, a sector where Panasonic has comparatively low brand recognition.

The firm said on Thursday it’s targeting operating profit of 430 billion yen in the next fiscal year, up nearly 25 percent from the 350 billion yen it expects for the year ending March 31.

Panasonic’s earnings have been bolstered by moving faster than peers like Sony Corp and Sharp Corp to overhaul business models squeezed by competition from cheaper Asian rivals and caught flat-footed in a smartphone race led by Apple Inc and Samsung Electronics. Out has gone reliance on mass consumer goods like TVs and smartphones, and in has come a focus on areas like automotive technology and energy-efficient home appliances.

Tsuga also sought to ease concerns that an expensive acquisition could set back its finances, which took years to recover from the deal agreed in 2008 to buy cross-town rival Sanyo for a sum equal to about $9 billion at the time.

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3D Printer Goes Retail

MakerBot, a 3D printer maker which opened two new retail stores last week, is among the companies trying to bring the cutting-edge digital manufacturing technology to Main Street consumers, but skeptics say the debut may be premature.

MakerBot, a unit of Stratasys Ltd, opened retail stores this week in Boston and in Greenwich, Connecticut, both of which are twice the size of MakerBot’s first store, 1,500 square feet in downtown Manhattan.

The company offers designs for more than 100,000 items through its “Thingiverse” online user community. The products range from knick-knacks like zombie sculptures to jewelry, sink drains and even medical devices. They are printed using its line of corn-based plastic fibers in more than a dozen colors.

“For most people 3D printing is futuristic science fiction. We’re here to make it real,” said CEO Bre Pettis, who cut the ribbon at the store on Boston’s fashionable Newbury Street using scissors made on one of MakerBot’s Replicator printers which start at $2,199.

Pettis, who has purchased splashy magazine ads to promote 3D printers as holiday gifts, believes there could soon be a 3D printer on every block in America.

Yet some technology experts say 3D printers may not be ready for prime time because they are still much less user friendly than most modern consumer electronics.

“There is so much hype,” said Pete Basiliere, an analyst at technology research firm Gartner. “People are getting a little bit misled as to how easy it is,” he said.

Some investors also are skeptical of 3D printing’s readiness for the market. Short-seller Citron this week published an article questioning the earnings of Germany’s voxeljet AG’s, and shares in the sector fell, including those of MakerBot parent Stratasys and rivals 3D Systems Corp and ExOne Co.

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MIT Develops Inflatable Antenna

Satellites the size of shoe boxes, which are expected to one day allow researchers to explore space more efficiently, will soon have greater range.

MIT researchers have built and tested an inflatable antenna that can fold into such a satellite, then inflate in orbit to enable long range communications — from seven times the distance possible today.

The technology will let the small satellites, called CubeSats, move further into space and send valuable information to scientists back on earth.

“With this antenna, you could transmit from the moon, and even farther than that,” said Alessandra Babuscia, a researcher on the inflatable antenna team at MIT, in a statement. “This antenna is one of the cheapest and most economical solutions to the problem of communication. But all this research builds a set of options to allow the spacecraft … to fly in deep space.”

The MIT effort comes as engineers at the University of Michigan work on ways to propel such small spacecraft into interplanetary space. The team is building a plasma thruster that could fit in a 10-centimeter space and push a small satellite-bearing spacecraft into deep space.

The university researchers using superheated plasma that would push through a magnetic field to propel a CubeSat.

The MIT researchers are seeking to solve the communications problems and enable far-afield CubeSats to send data to and receive instructions from Earth.

The CubeSat devices cannot support radio dishes that are used today to let spacecraft communicate when far from Earth’s orbit.

The inflatable antennas significantly amplifies radio signals, allowing a CubeSat to transmit data back to Earth at a higher rate, according to the university.

MIT engineers have built two prototype antennae, each a meter wide, out of Mylar, which is a polyester film known for its strength and use as an electric insulator. One antenna was a cone shape, while the other looks more like a cylinder when inflated. Each fits into a 10-cubic-centimeter space within a CubeSat.

Each prototype contains a few grams of benzoic acid, which can be converted to a gas to inflate the antenna, MIT noted.

In testing, the cylindrical antenna performed “slightly better” than the cone shaped device, transmitting data 10 times faster, and seven times farther than existing CubeSat antennae.

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