Market News
Recent Developments
New product launches
- In November 2023, ISRO, the space agency of India, is actively preparing for upcoming robotic exploration ventures to the Moon and various other space destinations. ISRO remains dedicated to fostering distinct avenues for academic institutions and industries to engage in technology advancement activities aligned with its goals. To realize this objective, the U R Rao Satellite Centre (URSC) of ISRO is inviting innovative concepts and designs from India's young talents for robotic rovers intended for forthcoming missions. Through organizing a space robotics challenge, the aim is to offer development prospects in space robotics to participants while harnessing the inventive potential of India's youth for ISRO's future interplanetary endeavors.
- In October 2023, Hai Robotics ("Hai"), a trailblazer in autonomous case-handling robot (ACR) systems, unveiled the world's inaugural telescopic grapple hook ACR named the HaiPick A42T-E2, along with the HaiPick System 3. These advancements cater to customer needs by optimizing storage density and efficiency within limited warehouse spaces. When combined, the telescopic Grapple Hook ACR seamlessly integrates with the HaiPick System 3, offering superior performance and maximizing storage capabilities.
- In November 2021, Maxar, a leading space technology firm, utilized its Sample Handling Assembly (SHA) robotic arm to securely store the initial rock sample from Mars, sealing it in a tube for potential future retrieval. Integral to NASA's Perseverance Rover, this collection system is vital for the forthcoming MARS SAMPLE RETURN mission, which seeks to bring these rock samples back to Earth. These samples are crucial for deepening our understanding of Mars, as astrobiologists eagerly analyze them for potential signs of microbial life.
Acquisition and partnerships
- In December 2023, GreyOrange Inc., known for its advanced robotic fulfillment and inventory management software, is deepening its partnership with Hai Robotics to deliver increased advantages to clients. After collaborating for over two years, the combined expertise of GreyOrange's software and Hai Robotics' hardware has led to improved operational speed, storage efficiency, and flexibility, driving faster growth and operational excellence for their clientele.
- In November 2023, KPI Solutions (KPI), a prominent provider of supply chain consulting, software, integration, and automation services, unveiled its strategic collaboration with Movu Robotics™ (previously known as Stow Robotics). Movu Robotics™ is renowned globally for its innovative warehouse automation solutions, simplifying logistics automation for various warehouses worldwide. Together, the alliance integrates top-tier AS/RS and goods-to-person systems with inventive operational strategies, offering tailored warehouse solutions that revolutionize storage, retrieval, and fulfillment processes.
- In April 2023, The Unstructured Robotics Company, previously recognized as PickNik Robotics and specialized in robotic arm software, collaborated with Motiv Space Systems, a leading entity in crafting space-qualified robotic systems and components. Together, they are focusing on enhancing capabilities for In-Space Servicing, Assembly, and Manufacturing (ISAM) by combining the functionalities of MoveIt Studio for robot arm management with Motiv's xLink robot arm offerings.
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