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Korea Invests $750 Million in Robotics Industry

Summary: The South Korean government has promised to invest 1 trillion Won into the country’s robotics industry to attempt to accelerate growth in the global robotics business and to increase Korea’s market share in it. The government hopes Korean companies...

Hallin Marine Robotics Group Aimed at Nuclear Power Plants

Summary: Undersea industrial construction and maintenance company Hallin Marine is expanding on its success assisting with the decommissioning of the notorious Sellafield nuclear plant in the U.K. by spinning off its robotics division to accelerate development and to seek more...

Global Economic Downfall Gets Asyst Technologies Delisted from NASDAQ

Summary: Electronics-automation manufacturing vendor Asyst Technologies was delisted from NASDAQ after declaring bankruptcy following its failure to meet debt obligations at the end of March. Company officials blamed its economic problems on the global economic downturn and drop in sales...