Myomo today priced an upcoming offering, looking to raise approximately $10 million to support its myoelectric braces and orthotics designed for individuals with neuromuscular disorders. In the offering, the Cambridge, Mass.-based company is looking to float approximately 4.2 million shares and warrants to purchase an additional 4.2 million shares at $2.40 per share. Warrants offered…
ABB teams with Kawasaki on cobot sandards, releases new robot
ABB and Kawasaki are collaborating internationally to help educate potential users and the general public on the benefits of cobots such as theirs. Their push for cobot standards, or at least “common industry approaches,” won’t affect their existing YuMi and duAro lines.
Han’s Robot delivers new line of Elfin collaborative robots
Energid Technologies has announced that Han’s Robot, a subsidiary of global Chinese manufacturer Han’s Laser, has licensed Energid’s Actin premier control software for its new line of cost-effective collaborative robots (“cobots”), called Elfins. Actin is an easy-to-use robot control and simulation framework that offers robot manufacturers faster time to market, reduced software development costs, and…
Matrox Imaging launches project change validator to safeguard vision systems
Matrox Imaging has announced Project Change Validator, a modification proofing utility that ensures machine vision systems uphold inspection requirements following any new project updates. Available in the Matrox Design Assistant 5.1 flowchart-based machine vision software, Project Change Validator provides production managers the comfort that all project modifications maintain inspection integrity. Project Change Validator brings enhanced…
FANUC’s new SCARA robots offer speed, precision, ultra-compact design
FANUC Corp. will introduce the new SR-3iA and SR-6iA SCARA robots at the International Robot Exhibition (iREX) 2017 in Tokyo. FANUC’s new SCARA robots feature high-speed, precise operation for pick and place, assembly, testing/inspection and packaging processes in a wide range of industries including consumer electronics, auto component, plastics, food and beverage, lab automation, appliances and…
igus launches low-cost robotics website
Today, robots dominate the manufacturing industry and are increasingly emerging in many other fields. Automation applications that grip, turn, pivot and perform simple pick-and-place tasks over long periods of time are made possible with low cost robotics. This can create a huge competitive advantage for small and medium-sized businesses. At low-cost-robotics.com, a comprehensive overview of…
Personal Robot Temi Strives for Affordability, Ease of Use
Temi, the personal robot from Roboteam Home, is designed to be helpful, affordable, and mobile. It is entering an increasingly competitive market for consumer robots.
Toshiba Machine’s THE400 to be revealed at IREX 2017
TM Robotics is preparing to introduce the THE400 SCARA robot, the latest addition to its range of industrial machinery. The new model has been developed to set the standard for the next generation of SCARA robots, and will be officially launched by Toshiba Machine at the International Robotic Exhibition (IREX) in Tokyo, Japan, which runs…
FANUC marks production of 500,000th robot
FANUC Corp. has announced the production of its 500,000th robot. “Automation and robotics are key drivers of manufacturing competitiveness,” said Mike Cicco, president & CEO, FANUC America. “More companies are using automation to overcome inefficiencies, lower costs, increase productivity, and gain market share. Having sold a half million robots is a key milestone for FANUC, and…
Robots and the two-edged blade of new technology
There’s a scare-tactic video going around on social media, and I wanted to weigh in on it—this particular video has gone from 500,000 views to almost 2 million in the past 10 days. As a matter of principle, I will not link to it. It presents a scary future in which killer robotic drones—controlled by any…
The essential niterview: Humanoid robot researcher Dr. Jun Ho Oh
In this Essential Interview, Dr. Jun Ho Oh, director of the Humanoid Research Center at KAIST and co-founder of Rainbow Robotics Co., talks about the challenges of creating a robust humanoid robot and the nascent market for commercial androids.
Chinese Xiaoyi AI-platform passes national medical licensing tests
A Chinese robotic and artificial intelligence platform has passed the country’s national medical licensing examination, according to a report from Futurism. The Xiaoyi robotic platform, developed by AI-company iFlytek, was originally designed to capture and analyze patient information. But the system was also able to pass the licensing test with a score of 456, 96…
30+2 research reports forecast significant growth for robot industry
Press releases for this batch of 30 research reports all agree that most segments of the robotics industry are expected to grow at a double-digit pace at least through 2022. Although these reports vary widely in their forecasts – often on the same topic, they all seem to agree that the global robotics industry is growing…
Titan Medical increases offering to $18m
Titan Medical (TSX:TMD) said today it has increased the size of its previously announced offering to between $14.1 million (CDN $18 million) and $18 million (CDN $23 million), up from between $10.2 million (CDN $13 million) and $11.7 million (CDN $15 million). The Toronto-based company said it is looking to offer units at approximately 39¢ (CDN…
Supply Chain Robots must earn their place at DHL
Supply chain robots are moving from pilots and testing to everyday use at DHL, just as the holiday shopping season begins. See how the company sets its automation goals and what it’s still working on.
Myomo readies $17m offering
Myomo said late last week it is looking to raise approximately $17.4 million in a new offering of shares and warrants to support its myoelectric braces and orthotics designed for individuals with neuromuscular disorders. In the offering the company plans to float approximately 1.5 million shares of common stock and warrants to purchase an additional…
Locus Robotics raises $25 million for warehouse RaaS
Locus Robotics, a Wilmington, MA-based startup, raised $25 million in a Series B funding led by Silicon Valley Scale Venture Partners, with additional participation from existing investors. Locus plans to use the funds to expand into international markets and build up its growing subscription-based robot fleet. Locus business model uses Robots-as-a-Service (RaaS) which allows customers…
TransEnterix opens the doors to a competitive US surgical robotics market
The surgical robotics market in the US has finally become competitive. In October, the FDA granted clearance to only the second robotic surgical system to date – the TransEnterix Senhance laparoscopic platform. The clearance was a huge milestone for the Morrisville, N.C.-based company and was quickly followed by yet another – almost exactly a month…
Cambridge Consultants prototypes miniaturized robot for cataract surgery
Cambridge Consultants showed off its prototype of a miniaturized robot designed for cataract surgery last week at its annual Innovation Day event. The system, Axsis, is one of the smallest known robots for surgical use, according to the firm, featuring instruments of just 1.8mm in diameter. Surgical robots are often bulky and aren’t necessarily designed…
Logistics Robots Boom Benefits Locus Robotics as Holiday Season Starts
Locus Robotics is leading the wave of investment and adoption of logistics robots. It received Series B funding, which it plans to use to scale up its RaaS offering.
Allied Electronics sponsoring Colorado State team in NASA Robotic Mining Competition
Allied Electronics is sponsoring the team from Colorado State University (CSU) in Fort Collins, Colorado, in the 2018 NASA Robotic Mining Competition (RMC). VP of eCommerce and Marketing Dan Stewart and Director of Brand and Supplier Marketing Elisa Weber traveled to Fort Collins to deliver RS Pro, and other products distributed by Allied, for use…
UMass Amherst scientist receives $1.4 million to advance AI
One of the newest, most challenging problems facing experts in artificial intelligence (AI) and machine learning is called “explainability,” said David Jensen at the University of Massachusetts Amherst. However, it’s a problem he is delighted to have because it means that machine learning systems can now learn such complex models of the world that the…