Symbotic Acquires Veo Robotics to Enhance Efficiency and Safety Innovation
Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics for supply chains, has acquired Veo Robotics' assets for $8.7 million. The acquisition, completed on July 19, 2024, includes Veo's FreeMove® 3D depth-sensing computer vision system for industrial workcells and related intellectual property. By integrating FreeMove into its warehouse automation system, Symbotic aims to enhance productivity and safety in human-robot collaborative environments.
The FreeMove system uses patented sensors and software to monitor robot workcells, dynamically anticipating human and object positions to ensure worker safety without compromising efficiency. Notably, FreeMove is the only intelligent 3D robotic safeguarding solution certified to meet EU safety standards, including ISO 13849 certification for PLd, Category 3 from TUV Rheinland, which is important for Symbotic's future growth plans.
Symbotic Inc. (Nasdaq: SYM), leader nella robotica abilitata dall'intelligenza artificiale per le catene di approvvigionamento, ha acquisito gli asset di Veo Robotics per 8,7 milioni di dollari. L'acquisizione, completata il 19 luglio 2024, include il sistema di visione artificiale FreeMove® 3D con sensori di profondità per celle di lavoro industriali e le relative proprietà intellettuali. Integrando FreeMove nel suo sistema di automazione dei magazzini, Symbotic punta a ottimizzare la produttività e la sicurezza negli ambienti di collaborazione uomo-robot.
Il sistema FreeMove utilizza sensori e software brevettati per monitorare le celle di lavoro dei robot, anticipando dinamicamente le posizioni di persone e oggetti per garantire la sicurezza dei lavoratori senza compromettere l'efficienza. È importante notare che FreeMove è l'unica soluzione di protezione robotica 3D intelligente certificata per soddisfare gli standard di sicurezza UE, inclusa la certificazione ISO 13849 per PLd, Categoria 3 da TUV Rheinland, un aspetto cruciale per i piani di crescita futuri di Symbotic.
Symbotic Inc. (Nasdaq: SYM), líder en robótica habilitada por inteligencia artificial para cadenas de suministro, ha adquirido los activos de Veo Robotics por 8,7 millones de dólares. La adquisición, completada el 19 de julio de 2024, incluye el sistema de visión por computadora FreeMove® 3D con sensores de profundidad para celdas de trabajo industriales y la propiedad intelectual relacionada. Al integrar FreeMove en su sistema de automatización de almacenes, Symbotic tiene como objetivo mejorar la productividad y la seguridad en entornos de colaboración entre humanos y robots.
El sistema FreeMove utiliza sensores y software patentados para monitorear las celdas de trabajo de los robots, anticipando dinámicamente las posiciones de humanos y objetos para garantizar la seguridad de los trabajadores sin comprometer la eficiencia. Es notable que FreeMove es la única solución de protección robótica 3D inteligente certificada para cumplir con los estándares de seguridad de la UE, incluida la certificación ISO 13849 para PLd, Categoría 3 de TUV Rheinland, lo cual es importante para los planes de crecimiento futuros de Symbotic.
Symbotic Inc. (Nasdaq: SYM)는 공급망을 위한 인공지능 로봇 분야의 선두주자로서 Veo Robotics의 자산을 870만 달러에 인수했습니다. 이 인수는 2024년 7월 19일에 완료되었으며, 산업 작업 셀을 위한 FreeMove® 3D 깊이 감지 컴퓨터 비전 시스템과 관련된 지적 재산권을 포함합니다. Symbotic은 FreeMove를 창고 자동화 시스템에 통합하여 생산성과 안전성을 향상시키는 것을 목표로 하고 있습니다.
FreeMove 시스템은 특허받은 센서와 소프트웨어를 사용하여 로봇 작업 셀을 모니터링하고, 동적으로 인간 및 객체의 위치를 예측하여 근로자의 안전을 보장하면서도 효율성을 저해하지 않습니다. 특히, FreeMove는 EU 안전 기준을 충족하는 유일한 지능형 3D 로봇 보호 솔루션으로, TUV 라인란드로부터 ISO 13849 PLd, 3등급 인증을 받은 것이 Symbotic의 미래 성장 계획에 중요한 요소입니다.
Symbotic Inc. (Nasdaq: SYM), un leader de la robotique habilitée par l'intelligence artificielle pour les chaînes d'approvisionnement, a acquis les actifs de Veo Robotics pour 8,7 millions de dollars. L'acquisition, finalisée le 19 juillet 2024, comprend le système de vision par ordinateur FreeMove® 3D avec détection de profondeur pour les cellules de travail industrielles et la propriété intellectuelle associée. En intégrant FreeMove dans son système d'automatisation des entrepôts, Symbotic vise à améliorer la productivité et la sécurité dans les environnements de collaboration homme-robot.
Le système FreeMove utilise des capteurs et logiciels brevetés pour surveiller les cellules de travail des robots, anticipant dynamiquement les positions des humains et des objets afin de garantir la sécurité des travailleurs sans compromettre l'efficacité. Il convient de noter que FreeMove est la seule solution de protection robotique 3D intelligente certifiée conforme aux normes de sécurité de l'UE, y compris la certification ISO 13849 pour PLd, Catégorie 3 de TUV Rheinland, un aspect important pour les futurs plans de croissance de Symbotic.
Symbotic Inc. (Nasdaq: SYM), ein führendes Unternehmen im Bereich KI-gestützter Robotik für Lieferketten, hat die Vermögenswerte von Veo Robotics für 8,7 Millionen Dollar erworben. Der Erwerb, der am 19. Juli 2024 abgeschlossen wurde, umfasst das FreeMove® 3D-Tiefensicht-Computersystem für industrielle Arbeitszellen sowie die zugehörigen geistigen Eigentumsrechte. Durch die Integration von FreeMove in sein Lagerautomatisierungssystem strebt Symbotic an, die Produktivität und Sicherheit in der Mensch-Roboter-Zusammenarbeit zu verbessern.
Das FreeMove-System nutzt patentierte Sensoren und Software, um die Robotereinsatzorte zu überwachen und die Positionen von Menschen und Objekten dynamisch vorherzusagen, um die Sicherheit der Mitarbeiter zu gewährleisten, ohne die Effizienz zu beeinträchtigen. Besonders hervorzuheben ist, dass FreeMove die einzige intelligente 3D-Schutzlösung für Roboter ist, die zur Erfüllung der EU-Sicherheitsstandards zertifiziert ist, einschließlich der ISO 13849-Zertifizierung für PLd, Kategorie 3 von TUV Rheinland, was für die zukünftigen Wachstumspläne von Symbotic von Bedeutung ist.
- Acquisition of Veo Robotics' FreeMove® system enhances Symbotic's robotics technology
- Integration of FreeMove expected to increase productivity and safety in human-robot collaboration
- FreeMove is the only 3D robotic safeguarding solution certified to meet EU safety standards
- Acquisition supports Symbotic's future growth plans in the European market
- Symbotic spent $8.7 million on the acquisition, potentially impacting short-term financials
Insights
Symbotic's
The FreeMove system's ISO 13849 certification for PLd, Category 3 from TUV Rheinland is a significant advantage for Symbotic's expansion plans, particularly in the EU market. This certification could accelerate market entry and adoption, potentially leading to increased revenues in the medium term.
However, investors should note that the immediate financial impact may be The true value of this acquisition will likely materialize over time as Symbotic integrates the technology and leverages it to enhance its product offerings and market position.
The acquisition of Veo Robotics' FreeMove® system represents a significant technological leap for Symbotic. This 3D vision system for intelligent safeguarding in industrial robots addresses a critical challenge in human-robot collaboration: safety without compromising efficiency.
The system's ability to dynamically anticipate human and object positions in a robot's environment is cutting-edge. It allows for more flexible and productive human-machine interactions, which could substantially increase the efficiency of Symbotic's warehouse automation systems.
Moreover, the integration of FreeMove could potentially reduce the need for physical safety barriers, leading to more compact and adaptable warehouse layouts. This could give Symbotic a competitive edge in the rapidly evolving field of warehouse automation.
Symbotic's acquisition of Veo Robotics' assets is a strategic move that could reshape the landscape of warehouse automation. The integration of FreeMove® technology into Symbotic's existing systems has the potential to significantly enhance productivity in collaborative human-robot environments.
This acquisition addresses a key challenge in the supply chain industry: balancing safety with efficiency in automated warehouses. By enabling more dynamic and flexible human-machine collaboration, Symbotic could offer its clients substantial improvements in operational efficiency.
Furthermore, the enhanced safety features could lead to reduced insurance costs and improved worker satisfaction, indirectly contributing to operational efficiency. However, the true impact on Symbotic's market position and financial performance will depend on successful integration and market adoption of this enhanced technology.
Symbotic to integrate Veo Robotics’ patented FreeMove® intelligent 3D vision system to increase efficiency and safety innovation of collaborative industrial robot workcells
WILMINGTON, Mass., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, announced it has acquired substantially all of the assets of Veo Robotics, an innovator in intelligent safeguarding for industrial robots. Assets purchased under this agreement include the FreeMove® 3D depth-sensing computer vision system for industrial workcells and all related intellectual property. By integrating FreeMove into its robotic warehouse automation system, Symbotic expects to increase productivity with more dynamic, flexible human-machine collaboration.
“The innovative FreeMove vision system allows Symbotic to enhance productivity for customers and provide the highest levels of safety in environments where humans interact with robots,” said Rick Cohen, Chairman and Chief Executive Officer of Symbotic. “We are pleased to have the former Veo Robotics team join Symbotic where they will continue this exciting work as they bring their talent, expertise, and cutting-edge technology to our company.”
The FreeMove system’s patented sensors and software monitor collaborative robot workcells to dynamically anticipate the future position of humans and objects within the robot’s environment and autonomously restrict or resume motion, ensuring worker safety without sacrificing efficiency. FreeMove is the only intelligent 3D robotic safeguarding solution to meet EU standards for safety, including ISO 13849 certification for PLd, Category 3 from TUV Rheinland, which is key for Symbotic’s future growth.
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ABOUT SYMBOTIC
Symbotic is an automation technology leader reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world’s largest retail, wholesale, and food & beverage companies. Applying next-generation technology, high-density storage and machine learning to solve today's complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency. As the backbone of commerce, Symbotic transforms the flow of goods and the economics of the supply chain for its customers. For more information, visit www.symbotic.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements about Symbotic’s acquisition of substantially all of the assets of VEO Robotics and Symbotic’s expectations or predictions of future financial or business performance or conditions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed in Symbotic’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on December 11, 2023 and Quarterly Report on Form 10-Q filed with the SEC on February 8, 2024. These forward-looking statements are expressed in good faith, and Symbotic believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made and are based on the beliefs, estimates, expectations and opinions of management on that date. Symbotic is not under any obligation, and expressly disclaims any obligation to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports that Symbotic has filed or will file from time to time with the SEC.
MEDIA CONTACT
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