Robotics & Automation News

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Cheesy technology: Sargento increases outbound fulfillment with Westfalia warehouse automation

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A Sharp History of Expertise: About the Customer

There’s a reason cheese heads live in Wisconsin, a state with a long, well-established history in the commercial cheese industry dating back to 1837.

In fact, there were over 2,800 cheese factories in the northern border state by the 1920s so, it’s no surprise that modern, high-quality cheeses originate there as well.

Sargento Foods founded in Plymouth, Wisconsin, in 1953, has grown into a powerhouse of cheese manufacturing and is a dominant brand across the United States. [Read more…] about Cheesy technology: Sargento increases outbound fulfillment with Westfalia warehouse automation

5 Reasons Why You Should Invest in Tesla this 2023

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By Cooper Haywood, WallStreetZen.com

Tesla, Inc. is a company that is at the forefront of the integration of robotics and automation in the automotive industry.

Founded in 2003 by a group of engineers who wanted to prove that electric cars could be better than gasoline-powered cars, Tesla has become a leader in developing and implementing advanced technologies in electric vehicles (EVs) and autonomous driving.

In recent years, Tesla has made significant strides in the EV market, revolutionizing the way we think about transportation and energy. [Read more…] about 5 Reasons Why You Should Invest in Tesla this 2023

Supply chain robotics company Symbotic reports $12 billion in orders

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Symbotic, a provider of AI-enabled robotics technology for the supply chain, has released financial results for its first fiscal quarter ended December 24, 2022.

Symbotic posted revenue of $206.3 million, a net loss of $68.0 million and an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) loss of $16.3 million for the first quarter of fiscal 2023.

In the same quarter of fiscal 2022, Symbotic had revenue of $77.1 million, a net loss of $23.1 million and an adjusted EBITDA loss of $21.3 million. [Read more…] about Supply chain robotics company Symbotic reports $12 billion in orders

Industrial robotics market set for ‘overwhelming’ growth to $96.82 billion in revenues by 2032

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Sales in the global industrial robotics market are expected to total $33.75 billon by 2022, rising at a compound annual growth rate of 19.2 percent during the forecast period 2022-2028.

A 2022–2028 opportunity assessment and a global industry analysis are part of new market research on the industrial robotics market from Future Market Insights. The report analyses the industrial robotics market and makes significant forecasts for the years 2019 to 2029.

The industrial robotics market is projected to reach $96.82 billion by the end of 2028. As more focus is placed on increasing the productivity of high-volume production lines, particularly in the production of semiconductors and electronic devices, the market is expanding. [Read more…] about Industrial robotics market set for ‘overwhelming’ growth to $96.82 billion in revenues by 2032

Industrial robot components market set for higher growth over next decade

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The global industrial robot components market is expected to be valued at $6.3 billion in 2023 and it is anticipated to grow at a compound annual growth rate of 13.9 percent to reach $23.2 billion by the end of 2033.

Over the 2018-2022 historical period, the global industrial robot component market registered a compound annual growth rate of 12.5 percent, according to Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 13.9 percent compound annual growth rate between 2023 and 2033.

Market share analysis of industrial robot components based on application and region is provided in a nutshell in the above image. Under the application segment, the robot arm/manipulator sub-segment dominates with a 29.1 percent market share in 2023. [Read more…] about Industrial robot components market set for higher growth over next decade

Dutch shoe retailer Schuurman Schoenen implements Magazino robots

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The robotics company Magazino has won Schuurman Schoenen as a new customer for the mobile picking robot TORU.

The Dutch company, known for offering a wide range of shoes, will use the robots in its warehouse in Neede, Netherlands.

By using the TORU robot, Schuurman Schoenen is implementing flexible automation for the manual picking process of shoeboxes. [Read more…] about Dutch shoe retailer Schuurman Schoenen implements Magazino robots

Universal Robots reports record annual revenue of $326 million

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Universal Robots, the Danish collaborative robot company, has reported Q4 revenue of $85 million, bringing 2022 annual revenue to $326 million, up 5 percent on 2021.

On a constant currency basis, growth over the year was 12 percent.

Kim Andreasen, Universal Robots’ chief financial officer, says: “We are proud to have continued to grow our business despite facing a difficult macroeconomic environment in 2022. [Read more…] about Universal Robots reports record annual revenue of $326 million

Aerones raises $30 million to develop wind turbine maintenance robot

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Aerones, a Latvia-based company specializing in robot-enabled wind turbine maintenance and inspection, has secured $30 million in growth capital to scale its business globally.

The capital will be used to help the Company meet surging demand in a market which is expected to reach $50 billion in value by 2028.

The funding round was co-led by Lightrock, the global growth equity investor, and Haniel, the European family-owned purpose-driven investor. [Read more…] about Aerones raises $30 million to develop wind turbine maintenance robot

Kodiak Robotics equips autonomous trucks with Ambarella AI system-on-chip

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Kodiak Robotics, a self-driving trucking company, has agreed a partnership with Ambarella, an edge AI semiconductor company, to integrate Ambarella’s CV2AQ AI perception system-on-chip (SoC) into its self-driving trucks for all camera data processing.

To kick off the partnership publicly, Kodiak will exhibit one of its self-driving trucks at Ambarella’s demo event in Las Vegas during the 2023 Consumer Electronics Show (CES).

Don Burnette, founder and CEO, Kodiak, says: “Our focus on building the world’s safest and most reliable self-driving trucks requires us to seek out the best partners. [Read more…] about Kodiak Robotics equips autonomous trucks with Ambarella AI system-on-chip

Wieland acquires Heyco Metals and National Bronze Manufacturing

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With the acquisition of Hummock Industries, Wieland has acquired Heyco Metals, a leader in light and medium gauge copper, copper alloy, and stainless steel strip processing, and National Bronze, a manufacturer and distributor of bronze-based bearing products.

Hummock Industries is a family-owned holding company focused on long-term investments in North American-based manufacturing companies.

These complementary operations will further strengthen Wieland’s market position with expanded product offerings, manufacturing capabilities, and distribution networks in North America. [Read more…] about Wieland acquires Heyco Metals and National Bronze Manufacturing