Siemens today signed a Memorandum of Understanding (MoU) with HBIS Group Co., Ltd. (HBIS Group) to comprehensively deepen cooperation on digitization and decarbonization. The two sides will expand their cooperation in such areas as digital factories, energy optimization, as well as green and low-carbon production and services, while deeply integrating advanced digital technologies with steel production processes to inject new momentum into the intelligent and green development of the steel industry.

A new, leading motors and large drives company will be called Innomotics. Under this name, Siemens is combining its business activities in the areas of low- to high- voltage motors, geared motors, medium-voltage converters and motor spindles. The portfolio includes an innovative solutions and digitalization portfolio and a broad range of service offerings. The related businesses were previously assigned to the units Large Drives Applications and Digital Industries and to the legally separate Siemens companies Sykatec and Weiss Spindeltechnologie.

Siemens started fiscal 2023 (to December 31, 2022) with a strong performance and maintained its continuing growth momentum with very good results in Q1. The company leveraged growth opportunities in its key markets despite a still complex macroeconomic environment. Following the strong start in fiscal 2023, Siemens raises its outlook for fiscal 2023. For the Siemens Group, the company now expects comparable revenue growth, net of currency translation and portfolio effects, in the range of 7 percent to 10 percent (previously expected at 6 percent to 9 percent) and continues to expect a book-to-bill ratio above 1. Furthermore, Siemens now expects this profitable growth of its industrial businesses to drive an increase in basic EPS from net income before purchase price allocation accounting (EPS pre PPA) to a range of €8.90 to €9.40 (previously expected at €8.70 to €9.20) in fiscal 2023.

Siemens has been a pioneer in sustainability for many years and is continuing to accelerate its commitments. With the publication of its Sustainability Report covering environmental, societal and corporate governance (ESG) for fiscal 2022, the company announced new, more ambitious targets for its own decarbonization as well as extensive investments. Siemens also disclosed the customer emissions avoided through its products and solutions sold in 2022, approximately 150 million tons, based on an updated future impact calculation methodology in accordance with the principles outlined in the Greenhouse Gas (GHG) Protocol Reporting Standard.

The increasing networking of machines, controls and IT systems in industrial plants leads to increasingly complex networks at the production level. To ensure reliable data exchange, high-performance Industrial Ethernet Switches with a high number of ports and data bandwidths are required. To this end, Siemens has now renewed the Industrial Ethernet Switches of its Scalance XC-/XR-300 series and upgraded them with additional functions for next-generation industrial networks. So-called managed Layer 2 switches from the Scalance X Industrial Ethernet Switch product family are now available – both as compact models and as 19-inch variants for control cabinets. The new switches thus replace the portfolio of the current Scalance X-300 series and carry the model designation Scalance XC-/XCM-300 in the compact version and Scalance XR-/XRM-300 in the 19-inch version.

Every year, Siemens recognizes its outstanding researchers and developers as Inventors of the Year in five categories: Newcomers, Open Innovation, Outstanding Invention, Lifetime Achievement, and Design and User Experience. These prize- winning inventors are continuing a Siemens tradition that began 175 years ago. Their inventions benefit both society and the economy by enabling people to travel more sustainably, by making industry smarter and more efficient or by improving therapeutic methods. Sixteen Inventors of the Year for 2022 were honored today. They hail from Germany, Hong Kong, India, Canada, Lebanon, Austria, Poland and Scotland. Details on the prize-winning inventions and the people behind them are available at: www.siemens.com/inventors.

GENERA, a global leader in highly automated resin based additive manufacturing technologies, and Siemens are cooperating in a comprehensive partnership. The aim is to accelerate the adoption of the Digital Light Processing Technology for large-scale production of industrial applications. The sweeping collaboration will touch many aspects of GENERA`s business and is going to benefit end-users in a variety of ways.