Found in Robotics News & Content, with a score of 8.45
July 07, 2021
…Guardian S, the Guardian GT, the Guardian XO, and the Guardian XT. The company is backed by investors including Caterpillar Venture Capital Inc., Delta Air Lines, GE Ventures, Microsoft, and Schlumberger. In April, Sarcos announced that it will become publicly listed through a merger transaction with Rotor Acquisition Corp., a publicly-traded special-purpose acquisition company (SPAC). The transaction is expected to close in the third quarter of 2021, at which point the combined company’s common stock is expected to trade on Nasdaq under the ticker symbol “STRC.”
Found in Robotics News & Content, with a score of 8.12
October 06, 2024
…milling. The company has placed orders to outfit three Caterpillar wheel loaders of diverse vintage - a 988K, a 980M and a 988H - with Teleo Supervised Autonomy. This fall, RYAM will deploy the Teleo-equipped machines to haul bark and wood chips 24/7 at its pulp and paper mill in Fernandina Beach, Fla. An operator remotely operates one wheel loader to load bark and then it is autonomously hauled by the machine to an incinerator that burns it to produce energy that powers the facility. A second wheel loader is operated remotely to load wood chips that are then autonomously…
Found in Robotics News & Content, with a score of 7.77
January 25, 2023
…and human augmentation at ABB. I also worked at Caterpillar, and the common thread was the aftermarket side of the business.” T.I.E. asserted that its customization of hardware and software will “make integration faster, easier, and more cost-effective for smaller manufacturers looking to automate.” It said it contributes to the “circular economy” and sustainability by reusing, recycling, and refurbishing equipment. Among other services, T.I.E. offers training on CNC machinery and other automation. Source: T.I.E. Industrial RobotWorx built a 'one-stop shop' “As we moved into the robotics space, when we started conversations with new customers, the 800-lb. in the digital tools…
Found in Robotics News & Content, with a score of 7.25
April 06, 2021
…PIPE investors include funds managed by Palantir Technologies Inc., Caterpillar Venture Capital Inc., Schlumberger, and JAWS Estates Capital LLC. Upon closing, the combined company’s common stock is expected to trade on Nasdaq under the ticker symbol “STRC.” The transaction represents an enterprise value of $1.3 billion, plus a potential earnout of an additional $281 million based on the combined company’s future share trading price, said Sarcos and Rotor. “We launched Rotor Acquisition Corp. with the goal of identifying and partnering with companies that are leveraging technology and innovation to disrupt ‘old-economy’ businesses in large and growing markets,” said Stefan M.…
Found in Robotics News & Content, with a score of 7.18
January 14, 2022
…Service, United Parcel Service, Whirlpool, Jaguar Land Rover, and Caterpillar. Consumer goods are organized into sanitized totes to support a multiple gripper pick module that HDS Global said can achieve a 95% success rate. Source: Business Wire RoboFS taps talent for full automation To build the first fully automated fulfillment system and address fragmented e-commerce, HDS Global said it worked with “several innovative Global Fortune 500 heavyweights and industry veterans with bankable track records in robotics and e-commerce.” “Through the team’s collective insights, HDS Global has already refined the development of RoboFS into a production-ready fulfillment system, which could not…
Found in Robotics News & Content, with a score of 5.55
August 30, 2021
…Young. Gary [Young, senior credit officer] did work with Caterpillar and Dell, so we have a lot of experience. We have a $100 million debt facility.” “Formic's costs are predictable— we don't charge line items,” Kerr said. “We transition customers to an easy model. There's no CAPEX, and we're able to come in 42% below what facilites do today with manual labor.” “We've built an instrument to make it as simple as possible,” he said. “We deal with hard and soft costs, deal terms, and desired hours or shifts per week to make the financing beneath easier.” Vendor-neutral expertise “Our…
Found in Robotics News & Content, with a score of 5.08
May 13, 2022
…with companies such as Marble [acquired in 2020 by Caterpillar] and Dispatch [acquired by Amazon in 2017] exploring this space. Are there certain types of robots where you expect strong growth? Any that are overhyped? Sharma: Articulated robots: Robotic arms, also known as articulated robots, are fast, reliable, and accurate and can be programmed to do an infinite number of tasks in a variety of environments. They are used in factories to automate execution of repetitive tasks, such as applying paint to equipment or parts. In warehouses, robot arms pick, select, or sort goods from distribution conveyors to fulfill customer…
Found in Robotics News & Content, with a score of 4.86
May 24, 2021
…OptiMine Visualizer or other systems? Williams: Sandvik is the Caterpillar of the underground mining space. When you combine georeference data and autonomy, it's a key linkage between capturing mining data and using it. Before, you'd have to go in and manipulate each point cloud to fit a gap in a map. Now, a user can hit a button on a tablet, and it's automatically georeferenced. You can manage dozens or hundreds of systems in parallel. How did the collaboration between Exyn and Sandvik begin? Do you anticipate making more such partnerships? Williams: We got introduced to them by some early…
