Robotics & Automation News

Market trends and business perspectives

half

Kuka receives ‘record orders’ in first six months of year

by Leave a Comment

Kuka, one of the world’s largest manufacturers of industrial robots, says it has achieved “record orders” in the first six months of 2022.

At €2,545.4 million, the value of Kuka Group’s orders received in the first half of the year was 34.8 percent higher than in the previous year, and sales revenues increased by 13.5 percent to around €1.7 billion.

In addition, Kuka improved earnings before interest and taxes (EBIT) to €48.6 million (H1/21: €33.8 million). The EBIT margin increased to 2.8 percent in the first half-year 2022. [Read more…] about Kuka receives ‘record orders’ in first six months of year

Universal Robots reports revenue of $83 million in Q2

by Leave a Comment

Universal Robots, the Danish collaborative robot maker, has reported Q2 revenue of $83 million, describing it as “robust growth” for the company.

Kim Povlsen, president of Universal Robots, says: “In headline terms, second quarter revenue is up 8 percent on the same period last year but in local Danish currency the company has seen growth of 22 percent for Q2.”

Povlsen adds that, measured this way, Universal Robots has seen growth of 30 percent across the first two quarters of 2022 compared to the first half of 2021. [Read more…] about Universal Robots reports revenue of $83 million in Q2

Electronic component manufacturer Stego expands headquarters

by Leave a Comment

Stego, a manufacturer of electronic components, is expanding its capacity at the group’s headquarters in Schwäbisch Hall, in the German state of Baden-Württemberg.

A doubling of warehouse volume for production is already complete. The construction of an office block is now starting. This should be completed by the end of 2023 and provide space for over 70 employees with 1,500 square metres.

The Stego Group in Schwäbisch Hall is growing. Even during the pandemic. Almost without restraint. Rising product demand has led to a strain on material supply and logistics. [Read more…] about Electronic component manufacturer Stego expands headquarters

Daimler and Volvo launch €1.2 billion venture to develop hydrogen fuel-cell technology for trucks

by Leave a Comment

Volvo Group and Daimler Trucks have entered into a joint venture to develop, produce and commercialize hydrogen fuel-cell systems for use in heavy-duty trucks as the primary focus, as well as other applications.

The ambition of both partners is to make the new company a leading global manufacturer of fuel cells, and thus help the world take a major step towards climate-neutral and sustainable transportation by 2050.

Volvo will acquire 50 percent of the partnership interests in Daimler Truck Fuel Cell for approximately €600 million on a cash and debt-free basis. Closing of the transaction is expected during the first half of 2021. [Read more…] about Daimler and Volvo launch €1.2 billion venture to develop hydrogen fuel-cell technology for trucks

Mitsubishi Electric selling collaborative robots at half price

by Leave a Comment

Mitsubishi Electric is selling its collaborative robots at half their normal price, according to a report on the Nikkei Asian Review website.

The giant industrial conglomerate has installed dozens of its own collaborative robots at production facilities around the world, and is targeting sales of 1,000 cobot units per year.

Mitsubishi has named its collaborative robot range “MELFA”, short for Mitsubishi Electric Factory Automation, and the main cobot model is the Assista. [Read more…] about Mitsubishi Electric selling collaborative robots at half price

Thai agritech startup to use satellite images and AI for farming

by Leave a Comment

A startup company in Thailand called Ricult is planning to use satellite imagery and artificial intelligence to provide precision agritech services to farmers.

The company recently raised $2 million in new investment, bringing its total funding to $5 million, according to Nikkei. Among its backers are the Bill and Melinda Gates Foundation, and Bangkok Bank.

Ricult – which takes its name from the middle of the agriculture – says it is particularly targeting small-scale farmers with its services. [Read more…] about Thai agritech startup to use satellite images and AI for farming

More than half of US companies are ‘planning to increase automation investments due to Covid-19’

by Leave a Comment

More than half of US companies are increasingly open to invest in automation to survive changing market conditions brought about by the Covid-19 pandemic, according to a recent study by Honeywell Intelligrated.

The 2020 Honeywell Intelligrated Automation Investment Study reveals that the e-commerce (66 percent); grocery, food and beverage (59 percent); and logistics (55 percent) industries are most willing to invest more in automation.

Chris Feuell, chief marketing officer at Honeywell Intelligrated, says: “The global pandemic caused a sudden and seismic shift in the global supply chain driving distribution centers to embrace remote operations and social distancing work processes. [Read more…] about More than half of US companies are ‘planning to increase automation investments due to Covid-19’

5 Examples How to Improve the Usability of an E-Commerce Store

by Leave a Comment

Beautiful design of the online store does not guarantee its high conversion rates. Your visitors may like beautiful pictures. But they came to buy something.

And if the process of selecting, comparing and ordering products will be inconvenient, none of designer tricks will hold them.

Moreover, visitors make up their opinion instantly. According to Microsoft research, on average, it takes 10.5 seconds. [Read more…] about 5 Examples How to Improve the Usability of an E-Commerce Store

Raytheon and United Technologies aerospace businesses to merge

by

Raytheon Company and United Technologies have entered into an agreement to combine in an all-stock merger of equals.

The transaction will create a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defence.

The merger of Raytheon, a leading defence company, and United Technologies, a leading aerospace company, comprised of Collins Aerospace and Pratt & Whitney, will offer a complementary portfolio of platform-agnostic aerospace and defence technologies.

[Read more…] about Raytheon and United Technologies aerospace businesses to merge

Groupe PSA carries out autonomous driving tests in L3Pilot project

by

Since the start of April, Group PSA’s vehicles equipped with level 3 autonomous driving functions have been operating on open roads in France as part of the European L3Pilot project.

Six to eight vehicles will undergo intensive driving tests to validate autonomous functions on dual carriageways.

The project is strengthening Groupe PSA’s expertise in the development of autonomous vehicles, thanks to a global ecosystem of partners, including European carmakers, research centres and roads authorities.

[Read more…] about Groupe PSA carries out autonomous driving tests in L3Pilot project