market

ABB wins $5 million order for electric vehicle chargers from GAC Toyota

June 26, 2020 by Mai Tao Leave a Comment

ABB has won an order worth $5 million for electric vehicle chargers from GAC Toyota.

The agreement was made through Chargedot, an ABB business unit, and is considered “a major order” in China.

GAC Toyota is the Guangzhou-based joint venture between GAC Group and Toyota. With plans to expand production of electric vehicles to 400,000 a year, the company has asked ABB to supply “several thousand electric vehicle chargers” over the next year. [Read more…] about ABB wins $5 million order for electric vehicle chargers from GAC Toyota

Hyundai Robotics secures $42 million investment from KT

June 26, 2020 by Mai Tao Leave a Comment

Hyundai Robotics, a specialized robot company and subsidiary of Hyundai Heavy Industries, has secured an investment of 50 billion Korean won (approximately $42 million) from KT, formerly Korea Telecom.

Hyundai Robotics recently signed a pre-IPO investment contract for the investment with KT at KT Gwanghwamun Building East in Jongno, Seoul. [Read more…] about Hyundai Robotics secures $42 million investment from KT

ForwardX Robotics launches robots-as-a-service for its warehouse automation solutions

June 23, 2020 by David Edwards Leave a Comment

ForwardX Robotics, a provider of artificial intelligence and robotics solutions, says it will now offer Robots-as-a-Service (RaaS) options for its collaborative mobile robots.

Whilst also offering outright sale and renting options, the RaaS subscription-based model aims to encourage supply chain operations to invest in innovation by allowing them to upgrade their facilities without the large upfront investment usually associated with automation projects.

Paul Qian, VP of sales at ForwardX Robotics, says: “The pressure on supply chains to deliver is growing with every day that passes and we know how much of an impact our solutions can have on facilities and their processes. [Read more…] about ForwardX Robotics launches robots-as-a-service for its warehouse automation solutions

Analysis: Qualcomm’s new robotics platform raises a few questions

June 22, 2020 by David Edwards Leave a Comment

By Rian Whitton, principal analyst at tech market advisory firm ABI Research

Qualcomm last week launched its next step in its bid to power the next generation of commercial 5G-enabled robots, with the release of its RB5 platform.

Bringing high-compute power and a significant degree of modularity to the energy-constrained robotic platform market, the RB5 is an evolution on the company’s RB3 platform released in 2019, and a potential game-changer in the development of smart robotic fleets.

RB5 is advertised as a premium platform, with an emphasis on sophistication over cost-efficiency, supporting high-performance heterogeneous computing with built-in 5G capability and 4K HDR video streaming. [Read more…] about Analysis: Qualcomm’s new robotics platform raises a few questions

Blue Ocean Robotics and its disinfecting robots recognised by Robotics Business Review Top 50

June 19, 2020 by David Edwards Leave a Comment

Blue Ocean Robotics and its ultra-violet disinfecting robots have been recognised as Top 50 Most Influential Robotics Company by Robotics Business Review.

The company says it is experiencing “continued global growth” as disinfecting robots are used as effective weapons against coronavirus and hospital acquired infections.

Christiano Huscher, chief surgeon at Gruppo Poloclinico Abano, which operates a number of private hospitals in Italy, says: “Before we received the UVD robot, six of the hospital’s doctors had been infected with Covid-19. [Read more…] about Blue Ocean Robotics and its disinfecting robots recognised by Robotics Business Review Top 50

Samsung expands chipmaking capacity

June 17, 2020 by Mai Tao Leave a Comment

Samsung Electronics, the smartphone giant which is also one of the world’s largest semiconductor manufacturers, is expanding its NAND flash production capacity in Pyeongtaek, Korea.

The company says the development will reinforce the company’s ability to meet demands from emerging technologies.

Construction, which began this May, will pave the way for mass production of Samsung’s cutting-edge V-NAND memory in the second half of 2021. [Read more…] about Samsung expands chipmaking capacity

Geek+ wins RBR50 innovation award as one of the world’s top 50 robotics companies

June 16, 2020 by David Edwards Leave a Comment

Geek+ has won the 2020 RBR50 Robotics Innovation Award – the industry’s premier listing of the most successful and innovative robotics companies in the world.

Geek+ makes the list for the second year in a row, a rare feat, and is one of a handful of non-US based companies.

The award recognizes Geek+ as one of the most innovative and transformative robotics companies in the world, having achieved commercial success through a highly successful global expansion and proven ability to enable global fulfillment. [Read more…] about Geek+ wins RBR50 innovation award as one of the world’s top 50 robotics companies

Coronavirus expected to cut industrial robot revenue by more than 8 per cent this year

June 11, 2020 by Sam Francis Leave a Comment

By Maya Xiao of Interact Analysis

The coronavirus pandemic which has devastated economies worldwide is expected to reduce revenues in the industrial robot market by more than 8 per cent, according to a study by Interact Analysis.

“After a weak 2019, we originally expected the 2020 robot market to recover strongly, but Covid-19 changed the market revenue growth forecast from 4.8 percent to -3.6 percent,” writes Maya Xiao, automation market expert at Interact Analysis.

Global industrial robot shipments experienced negative growth for four consecutive quarters from mid-2018, she says. At the end of 2019, recovery signs appeared, and the mid-term growth rate turned positive. This turnaround happened in the context of a continued slowdown in general global manufacturing activity, which led to weak spending on machinery and automation equipment. [Read more…] about Coronavirus expected to cut industrial robot revenue by more than 8 per cent this year

Komatsu integrates automated collision avoidance system as standard in its excavators

June 8, 2020 by Mai Tao Leave a Comment

Komatsu has launched hydraulic excavators equipped with the in-house developed “KomVision Human Detection & Collision Mitigation System” as a standard feature.

The company, which also produces giant autonomous trucks for the mining industry, claims that the new collision avoidance systems is an industry first in the Japanese market.

Komatsu has developed this system by upgrading the “KomVision” bird’s eye view camera system equipped with conventional models as standard in the Japanese market. [Read more…] about Komatsu integrates automated collision avoidance system as standard in its excavators

How has AI changed the trading industry?

June 4, 2020 by Polly Leave a Comment

From retail to manufacturing to flying, AI is everywhere, and the trading industry is no exception.

The financial services industry was one of the first to adopt AI in the early 80s and automated trading systems (ATS) now account for almost 85% of all trading in the US.

Globally, the market size is expected to reach over $18 billion by 2024. [Read more…] about How has AI changed the trading industry?