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Mitsubishi Electric agrees strategic investment in Otto Motors to accelerate industrial automation

Mitsubishi Electric, a factory automation solutions provider, has agreed a strategic investment in Clearpath Robotics, the parent company of autonomous mobile robot leader, Otto Motors.

With more than 4 million hours of production experience, Otto Motors’ pioneering autonomous mobile robot (AMR) technology and award-winning software are used by Fortune 500 companies to deliver productivity and safety in material handling operations.

The investment expands the strategic relationship between Otto Motors and Mitsubishi Electric, and strengthens the two companies’ commercial collaboration.

Matt Rendall, Otto Motors’ CEO and co-founder, says: “Industrial automation is continuing to transform businesses around the world.

“As a globally-trusted leader with a strong mission to invest in continuous technological innovation and ceaseless creativity, Mitsubishi Electric has been an important partner for Otto Motors.

“We are proud to have their continued support and share a vision to accelerate industrial automation globally. We look forward to pursuing the tremendous opportunity ahead.”

Satoshi Takeda, Mitsubishi Electric’s chief strategy officer, says: “The relationship between Mitsubishi Electric and Otto Motors is built upon years of respect and trust.

“Otto Motors is well positioned to become a leader in industrial autonomy. We see a bright future ahead for Otto Motors and are honored to support their continued success.”

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