Robotics & Automation News

Market trends and business perspectives

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30 industrial robot manufacturers to watch

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2018 looks all set to be a bumper year for sales of industrial robot arms across all categories – from the large, heavyweight class right down to the small desktop variety. 

With established robot makers expanding their range, and with new startups launching innovative new models, the market is more dynamic than ever.

Oversupply may be a problem going forward, especially as Chinese robot manufacturers step up their production, but even including the new companies entering the market, the number of industry-standard robot makers worldwide is relatively small.  [Read more…] about 30 industrial robot manufacturers to watch

Kinova Robotics raises $25 million for expansion plans

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Kinova Robotics, a designer and manufacturer of robotic solutions, has raised additional funds of $25 million for further expansion.

The money came from four major contributors, including lead investor Fonds Manufacturier Québécois; co-investors KTB Network, and Foxconn; and BDC Capital, the investment arm of BDC.

Kinova says 90 per cent of its business is exports, so establishing an office outside its native Canada is a priority.

Kinova CEO Charles Deguire says: “We want our users to achieve the extraordinary with our robots – creating more value for themselves and our society.  [Read more…] about Kinova Robotics raises $25 million for expansion plans

Kinova Robotics explains role of automation in health care to Senate committee

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Charles Deguire, president and co-founder of Kinova Robotics, explained the benefits of robotics in the health sector before the Standing Senate Committee on Social Affairs, Science and Technology.

The Committee invited Deguire to testify as senators study the role of automation in the health care system, particularly robotics, artificial intelligence and 3D printing, in direct and indirect care to patients and home care.

Charles Deguire, CEO of Kinova, said: “It is clear to us that the future of medicine depends on robotics and its great ability to empower humanity. People cannot imagine how many technological advances in medical robotics have been made in recent years.

“The scalpel and the hand have not changed in the past 100 years, it’s time for medicine to evolve. Kinova is actively working with surgeons to develop better tools for them and their patients.”  [Read more…] about Kinova Robotics explains role of automation in health care to Senate committee

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