FOR IMMEDIATE RELEASE No. 3281
TOKYO, May 8, 2019 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has taken an equity stake in Realtime Robotics, Inc. a U.S. technology startup that develops and commercializes motion-planning*1 technologies. Funding by Mitsubishi Electric is expected to accelerate the development of industrial robot systems offering enhanced safety and performance.
Going forward, Mitsubishi Electric expects to launch new industrial robot systems that integrate Realtime Robotics' motion-planning technologies by 2020. At the same time, Mitsubishi Electric will continue collaborating with other companies as well to further enhance its smart-manufacturing solutions with innovative technologies.
|Company name||Realtime Robotics, Inc.|
|Location||27-43 Wormwood St, Suite 110, Boston, MA 02210, USA|
|Business||Development of dedicated processors and software based on motion-planning technologies for industrial robots and autonomous vehicles.|
As workforces decline and labor costs rise in various markets worldwide, the importance and necessity of industrial robot systems continues to grow. Mitsubishi Electric is already meeting needs in such markets with its MELFA series of industrial robot systems, which deploy a high-speed, high-accuracy pick-and-place control solution based on vision capability, force sensors and Maisart®*2 AI technology. Industrial customers are now using the solution to supplement their limited human resources with advanced robot systems.
Note that the press releases are accurate at the time of publication but may be subject to change without notice.