Our vision is that GRIP will serve as the central hub of the Upper Midwest robotics industry. The robotics industry offers a compelling regional economic development opportunity for the Upper Midwest.
There are now more connected devices in this world than dollars in the deficit. And the definition of success in business has changed from closed shops to standard modular construction and software that allows all sorts of players to add to the core products that are built.
Sometimes a company is founded because it stumbles upon a niche that it can fill better than any other company. Such a company is RE2 (Robotics Engineering Excellence). Founded by Jorgen Pedersen as a contract engineering house to fill a need for unmanned systems engineering expertise within Carnegie Mellons National Robotics Engineering Center (NREC), RE2 now provides mobile manipulation systems for defense and safety.
If you believe that the robotics industry is ready for you to invest in, you wouldn't purchase either Boeing or John Deere -- they aren't representative of the industry and their stocks move to the beat of a different drummer than robotics. Instead, you would pick from a list of pure play robotic stocks (if such a list existed).
It will be worth your time to analyze each segment of your business and decide if automation is right for your business and if automation can produce more efficiency or profit.
Selling to the military is not easy, but if you are persistent and take one step at a time, asking questions along the way, military sales can add substantially to your bottom line.
Compass Automation has rapidly become an industry-leading provider of high resolution, in-line vision inspection systems. In the fall of 2011 Compass completed the project highlighted below for Mitchel & Scott Machine Company, providing an automated vision inspection and thread checker system. Compass was able to provide Mitchel & Scott with an outstanding product in an extremely tight timeline. This system exceeded the quoted performance, providing a repeatability of 2 microns, a reproducability of 4 microns, and passing a Gage R&R with a score of 7.4%.
Companies considering a new material handling system are often simultaneously evaluating warehouse management systems (WMS) or have already implemented a WMS. When considering an automated material handling solution such as the Kiva Mobile Robotic Fulfillment System, companies often ask how the systems will work together.
Willingness to invest in future yields big dividends with 76% return on investment in first year.
In early 2008 I asked my Merrill Lynch broker for a list of stocks of American robot manufacturers. He couldn't provide me with more than two. So I went online with Bloomberg and found a list of 120 companies involved with automation. When I researched them, there were only a few in the U.S. and fewer still where robotics was the principle business.
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The ST Robotics Workspace Sentry robot and area safety system are based on a small module that sends an infrared beam across the workspace. If the user puts his hand (or any other object) in the workspace, the robot stops using programmable emergency deceleration. Each module has three beams at different angles and the distance a beam reaches is adjustable. Two or more modules can be daisy chained to watch a wider area. "A robot that is tuned to stop on impact may not be safe. Robots where the trip torque can be set at low thresholds are too slow for any practical industrial application. The best system is where the work area has proximity detectors so the robot stops before impact and that is the approach ST Robotics has taken," states President and CEO of ST Robotics David Sands.