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iRobot Upholds Its Youthful Principals

iRobot Upholds Its Youthful Principals

Many companies founded in the previous century have provided for the good of the community, but not before they were established and profitable. And, no company considered community outreach its "mission." Instead, the mission of each was to drive revenue,...

Korea Invests $750 Million in Robotics Industry

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...

FMC Buys Schilling for Robot Probes of Underwater Equipment

FMC Buys Schilling for Robot Probes of Underwater Equipment

Summary: FMC Technologies, which makes fluid-control and construction systems for the oil industry, has bought 45 percent of Schilling Robotics, largely for Schilling’s developments in remote manipulators and remote-operated inspection and repair vehicles. FMC Technologies, Inc. and Schilling Robotics announced...

Braintech Inc. Diversifies by Acquiring Shafi, Inc.

Braintech Inc. Diversifies by Acquiring Shafi, Inc.

Summary: With its acquisition of Shafi, as well as through its own organic growth, Braintech has greatly increased its number of product installations and customers.This has resulted in an increase in revenue, but also a concomitant rise in operating expenses....