by Zacks Equity Research: Technology giant and Dow component Cisco Systems, Inc. recently entered into a strategic alliance with a robotics company Fanuc America, thereby stepping up its efforts to make itself a key player in the Internet of Things (IoT) space.
Per the alliance, Fanuc and Cisco have built an IoT system that enables Fanuc to monitor every robot on the factory floor. This way it can be determined whether a robot is likely to fail, so that a service technician can fix the equipment before it stops working.
This could save companies hundreds of dollars of fixing cost. Per Cisco CEO Chuck Robbins, downtime for these robots can cost a business $16,000 per minute. Therefore, the new system that offers predictive maintenance can be a big thing for some operations.
The companies are currently testing the system in a channel that comprises around 1,800 robots and includes Fanuc customer, GM. In this testing period, Fanuc says its customer has saved $38 million. Fanus has plans to expand the system to 2,500 robots by the end of the year. Cont'd...
By tech2 News Staff: Earlier this year, Google had released an interesting video of Spot, a 160-pound dog robot navigating an office and then heading outside on its own. It is a smaller version of the Big Dog that first popped its head when Google acquired Boston Company. As the new changes come into effect, Boston Company is now Alphabet-owned and not a part of Google.
It will continue to build robots, and falls under Google X Projects (for now), a subsidiary of Alphabet. The other subsidiaries include Google, Nest Labs, Google X, Calico, Google Ventures, Google Capital and Google Life Sciences.
A new report says that the “company will create a separate division for robotics within the renamed umbrella entity Alphabet”, citing a person related to the matter. Google has acquired roughly eight companies related to robotics including military grade robotics company Boston Dynamics. It will likely allow Boston Dynamics to operate with some independence. Cont'd...
By Steve Brachmann for IPWatchDog: More and more, the agricultural world is looking towards the mechanization of labor processes through robotics as a way of potentially increasing their productivity. Robotics was identified as a sector of investment growth in agricultural tech by an April 2014 white paper on agriculture technologies published by the entrepreneurship and education non-profit Kauffman Foundation. Robotics is a regular focus of ours here on IPWatchdog, most recently visited in our coverage of the incredible advancements in walking and jumping robotics pioneered by Boston Dynamics, a Google Inc. (NASDAQ:GOOG) subsidiary. With American farmers already heavily involved in the regulatory conversation involving the commercial use of unmanned aerial vehicles (UAVs), or drones, we thought that it would be interesting to delve into the world of farming robotics and see the recent advances in that particular field.
It’s important to understand first that the robotics being developed for commercial use on farms won’t be stand-alone humanoid units ranging through fields to pick crops. Any piece of hardware implementing an algorithm which automates some of the manual work of farming falls under this heading. One good example of this is the LettuceBot, a precision thinning technology which works to visually characterize plants in a lettuce row, identify which plants to keep and eliminating unwanted plants to optimize yield. The unit doesn’t move by itself but is guided along by a tractor instead. The technology has been developed by Blue River Technology of Sunnyvale, CA, a company which has attracted $13 million in investment between 2011 and 2014 to commercialize this product. The LettuceBot’s creators hope toprovide the technology as a third-party service to farm owners before manufacturing the unit for commercial sale. Cont'd...
BY GERRY SHIH for Reuters: In a cavernous showroom on the outskirts of this port city in northeastern China, softly whirring lathes and svelte robot arms represent Dalian Machine Tools Group's (DMTG) vision of an automated future for Chinese manufacturing.
On closer inspection, however, most of the machines' control panels bear the logos of Japan's FANUC Corp or the German conglomerate Siemens.
The imported control systems in DMTG's products – used in the assembly of everything from smartphones to cement trucks – are symbolic of the technology gap between Chinese and foreign industrial automation firms, just one of several challenges facing China's ambition to nurture a national robotics industry.
Chinese robotics firms are also grappling with a weakening economy and slumping automotive sector, and industry insiders already predict a market bubble just three years after the central government issued policies to spur robotics development.
"Last year everybody thought they could produce a robot," said Alan Lee, director of Asia sales and business development at Boston-based Rethink Robotics. "When you have market saturation you'll have filtering and M&A. These guys will be the first layer to suffer."
It is a storyline familiar from other new industries such as solar panels: Beijing's policies and subsides trigger a wave of low-margin, low-cost contenders to rush into the market, where, with no meaningful technology of their own, they struggle to compete on price alone. Cont'd...
OMRON plans to acquire 100% of the outstanding shares of Adept common stock through an all cash tender offer followed by a second-step merger. OMRON will offer Adept investors $13.00 per share of Adept common stock, which represents a 63% premium over the closing price for Adept's common stock on September 15, 2015. This values Adept at approximately $200 million. OMRON will fund the tender offer through cash on hand.
Commenting on the acquisition, Yutaka Miyanaga, OMRON Industrial Automation Business Company President, said, "We are delighted Adept Technology, a world leader in robotics, has agreed to join OMRON. This acquisition is part of our strategy to enhance our automation technology and position us for long term growth. Robotics will elevate our offering of advanced automation."
Rob Cain, President and Chief Executive Officer of Adept, added, "We are excited about the opportunity to join OMRON, a global leader in automation. Together, our products will offer new innovative solutions to customers all around the globe."
Chad Fraser for The Street: Soon, robots could be doing much more than just vacuuming your house or assembling your next car-they could also invade your investment portfolio. If you're looking for the industry's fastest growth, you'll want to pay particular attention to what's happening on the consumer/office side, where sales are set to grow at a 17% compound annual rate between 2014 and 2019, according to a May report from Business Insider -- seven times quicker than the industrial-robot market. In addition, a number of radical new applications for robotics are emerging in the medical and defense markets, as outlined in this presentation from Investing Daily.
Even though the automation trend is clearly set, there still aren't many pure ways for investors to play it. But that doesn't mean there are no intriguing options out there. Here are five robot makers to keep on your radar screen:
Boston Dynamics have developed the "Atlas" robot a highly mobility, humanoid robot designed to negotiate outdoor, rough terrain. Here is a video showing "Atlas" courtesy euronews.
MIT researchers have designed a human-machine interface that allows an exoskeleton-wearing human operator to control the movements and balance of a bipedal robot.
The technology could allow robots to be deployed to a disaster site, where the robot would explore the area, guided by a human operator from a remote location.
"We'd eventually have someone wearing a full-body suit and goggles, so he can feel and see everything the robot does, and vice versa," said PhD student Joao Ramos of Massachusetts Institute of Technology's Department of Mechanical Engineering.
"We plan to have the robot walk as a quadruped, then stand up on two feet to do difficult manipulation tasks such as open a door or clear an obstacle," Ramos said. Cont'd...
By Deborah M. Todd / Pittsburgh Post-Gazette: A new accelerator program and a $20 million venture fund started by Carnegie Mellon University and GE Ventures could brand Pittsburgh as the official home of the globe’s growing robotics industry.
CMU’s National Robotics Engineering Center and GE Ventures, the investment arm of Fairfield, Conn.-based General Electric, have teamed up to create The Robotics Hub, an early-stage startup accelerator program designed to draw the nation’s best advanced robotics firms to Pittsburgh and to keep those started here firmly in place.
The for-profit Robotics Hub will provide funding through newly created Coal Hill Ventures and access to equipment at CMU and the NREC to chosen companies by 2016, in addition to putting their creations on a fast track toward commercialization.
“The strategy that’s most important to GE is to really get behind startups and help them scale. A lot of companies can come with the money, but what we bring is the ability to scale and the opportunity to commercialize quite quickly, said Alex Tepper, GE Ventures managing director. Cont'd...
GreyOrange, a robotics firm that is in the business of automating warehouses, has raised $30 million (Rs 191.6 crore) in a round led by Tiger Global Management, with participation from existing investors Blume Ventures.
The funding, which the company says is one of the largest for robotics company globally, will be used to invest in developing new products, expand internationally into Asia Pacific, Middle East and Europe. The company says it has a 90% market share of India's warehouse automation market and it powers over 180,000 square feet of warehouse.
"We are doubling our team size globally as we steer the company and our products beyond India and into international markets," said co-founder and CEO Samay Kohli, who founded the company with Akash Gupta in 2011.
The company has two products: The Sorter and the Butler. The former is a high-speed system that consolidates orders and routes parcels. By Diwali, the company will have installed sortation capacity of 3 million parcels per day.
The second product, the Butler, is an order-picking system that is tailored for high-volume, high-mix orders characteristic of e-commerce and omni-channel logistics fulfilment. Cont'd..
Engineers use the environment to give simple robotic grippers more dexterity.
Engineers at MIT have now hit upon a way to impart more dexterity to simple robotic grippers: using the environment as a helping hand. The team, led by Alberto Rodriguez, an assistant professor of mechanical engineering, and graduate student Nikhil Chavan-Dafle, has developed a model that predicts the force with which a robotic gripper needs to push against various fixtures in the environment in order to adjust its grasp on an object.
By Matt Beane for MIT Technology Review: I think perhaps there’s something else at work here. Beyond building robots to increase productivity and do dangerous, dehumanizing tasks, we have made the technology into a potent symbol of sweeping change in the labor market, increased inequality, and recently the displacement of workers. If we replace the word “robot” with “machine,” this has happened in cycles extending well back through the Industrial Revolution. Holders of capital invest in machinery to increase production because they get a better return, and then many people, including some journalists, academics, and workers cry foul, pointing to the machinery as destroying jobs. Amidst the uproar, eventually there are a few reports of people angrily breaking the machines.
Two years ago, I did an observational study of semiautonomous mobile delivery robots at three different hospitals. I went in looking for how using the robots changed the way work got done, but I found out that beyond increasing productivity through delivery work, the robots were kept around as a symbol of how progressive the hospitals were, and that when people who’d been doing similar delivery jobs at the hospitals quit, their positions weren’t filled. Cont'd...
SEAN MCLAIN for WSJ.com: Foxconn became the latest global giant to declare its intention to tap into India’s budding manufacturing potential.
The company is looking for manufacturing sites in India. So far it hasn’t been able to settle on any in particular, Foxconn Chairman Terry Gou told a news conference in New Delhi.
“India is a big, big country. Too many places, too many states, too many cities. The choice is difficult,” he said.
Foxconn is the world’s largest contract electronics manufacturer by revenue. The Taiwanese company—known officially as Hon Hai Precision Industry Co.—is looking to tap India’s massive labor pool and has big ambitions for its Indian investments. It has long-term plans for Asia’s third-largest economy and hopes to do more in India than simply assemble smartphones and laptops. “We want to bring the whole supply chain here,” Mr. Gou said.
Analysts say Foxconn is looking to diversify its global network of factories as the company faces more competition and rising wages in China, where it has most of its manufacturing operations. Cont'd...
By Conner Forrest for TechRepublic: In Dongguan City, located in the central Guangdong province of China, a technology company has set up a factory run almost exclusively by robots, and the results are fascinating.
The Changying Precision Technology Company factory in Dongguan has automated production lines that use robotic arms to produce parts for cell phones. The factory also has automated machining equipment, autonomous transport trucks, and other automated equipment in the warehouse.
There are still people working at the factory, though. Three workers check and monitor each production line and there are other employees who monitor a computer control system. Previously, there were 650 employees at the factory. With the new robots, there's now only 60. Luo Weiqiang, general manager of the company, told the People's Daily that the number of employees could drop to 20 in the future.
The robots have produced almost three times as many pieces as were produced before. According to the People's Daily, production per person has increased from 8,000 pieces to 21,000 pieces. That's a 162.5% increase. Cont'd...
A global arms race for killer robots? Bad idea.
That’s according to more than 1,000 leading artificial intelligence (AI) and robotics researchers, who have together signed an open letter, published Monday, from the nonprofit Future of Life Institute.
The letter calls for a ban on autonomous offensive weapons as a means of preventing just such a disaster, and represents the latest word on the global conversation around the risks and benefits of AI weaponry. Cont'd...
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