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Misa Ilkhechi has seen his share of idle welding robots. With stints in sales and engineering at companies like Bosch and, most recently, Universal Robots, Ilkhechi would visit various metal fabrication facilities, see a busy welding department, and yet also see a robot welding cell gathering dust. Sometimes the company couldn’t find time to train someone to run it. Other...
Read More1. SIMBE ROBOTICS Simbe Robotics is helping brick-and-mortar retail stores optimize their shelves and their profits. “Tally'' is an autonomous robot that tracks inventory to ensure that everything the customer wants is on the shelf. This is a serious problem for regional retailers; according to the IHL group, over 24% of Amazon’s current retail revenue comes from customers who first...
Read MoreSaman Farid, the CEO and Co-Founder of Formic shares his observations on the current state of U.S. manufacturing and the robotics industry. In your own words, what is Formic to you? Formic puts robots to work where they can make a difference - in factories that need reliable, cost effective, and capable throughput. How did you come into the robotics...
Read More1. AMP ROBOTICS Each year, over 139 million tons of American trash is discarded into landfills. Not only are these landfills an eyesore, but they also emit methane gas, leak dangerous chemicals and harm biodiversity. Fortunately, Amp Robotics is using artificial intelligence to solve America’s waste problem. Currently, the U.S. recycles 34.6% of its garbage, far below some nations which...
Read MoreMisa Ilkhechi, the Co-Founder and VP of Sales answers some big questions about him and his story with Formic. In your own words, what is Formic to you? Formic is the first automation solution that guarantees system uptime while lowering the barrier to entry for manufacturers with its flexible pay as you go model. The flexibility and uptime guarantee eliminates...
Read MoreAlthough manufacturing’s share of employment in the U.S. has dropped from 33% in 1947 to under 8% in 2019, it is currently the manufacturers who are desperately searching for workers and not the other way around. In fact, according to a study performed by the Workforce Institute at UKG, 54% of U.S. manufacturing firms reported extreme difficulty in hiring and...
Read MoreWhen questioning whether or not automation is a necessity, the easiest answer is to provide clear examples of how it is the most useful and essential tool. In today’s world, many manufacturers still depend heavily on the working hands of people, even if these tasks may be dangerous or extremely repetitive. Most of these tasks are difficult to hire because...
Read MoreFirst Fully Customized Robotics-as-a-Service Offering Lets Manufacturers ‘Hire’ Popular Robots at Low Hourly Rate By handling every aspect of financing and deployment, Formic empowers manufacturers to save money from day one and boost production. CHICAGO, IL — August 24, 2021-- Robotics-as-a-service company Formic Technologies launched today with a simple value proposition: hire fully customized robots from top vendors at a...
Read MoreLIVERMORE, Calif., Aug 26 (Reuters) - Silicon Valley has a new pitch to persuade small companies to automate: rent-a-robot. Better technology and the need to pay higher wages to humans have produced a surge in sales of robots to big companies all across America. But few of these automatons are making it into smaller factories, which are wary of big...
Read MoreBuilding and Financing Automation, versus Robotics-as-a-Service ("RaaS") Automation is practically a requirement for any manufacturing business that expects to compete today. An established company that wants to get automation typically has to pay with cash, take out a loan (e.g. from a bank), or get specific equipment financing to purchase the equipment. This CAPEX equipment purchase uses money that the...
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