Mitsubishi Electric Corporation : Invests in Realtime Robotics, Inc.
May 07, 2019 at 10:11 pm EDT
Share
Will use startup’s innovative technologies to improve performance and
safety in industrial robot systems promptly
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* technologies. Funding by
Mitsubishi Electric is expected to accelerate the development of
industrial robot systems offering enhanced safety and performance.
*
Motion planning is the process of calculating and determining the
optimized path that a robot should take to reach a goal without
colliding with any obstacle. Realtime Robotics’ motion path planning
solution performs the necessary calculations in real time.
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.
About Realtime Robotics
Company name
Realtime Robotics, Inc.
CEO
Peter Howard
Location
27-43 Wormwood St, Suite 110, Boston, MA 02210, USA
Establishment
March 2016
Business
Development of dedicated processors and software based on
motion-planning technologies for industrial robots and autonomous
vehicles.
URL
http://rtr.ai/
For the full text, please visit: www.MitsubishiElectric.com/news/
View source version on businesswire.com: https://www.businesswire.com/news/home/20190507005359/en/
Mitsubishi Electric Corporation is one of the world's leading manufacturers of electric and electronic equipment. Net sales (including intragroup) break down by family of products and by services as follows:
- industrial automation equipment (28.6%): programmable controllers, motor operators, counters, industrial robots, clutches, etc.;
- electric equipment (24.2%): generators, motors, transformers, power circuit breakers, testing systems, etc.;
- household appliances (22.4%): televisions, video recorders, air conditioners, refrigerators, lamps, vacuum cleaners, etc.;
- information and communication equipment (6.9%): mobile phones, satellites, aerials, medical and audiovisual equipment, servers, computers, etc.;
- electronic components and devices (4.7%): memory, logic integrated circuits, monitors, plasma screens, printed circuit cards, etc.;
- other (13.2%): financial services, real estate management, engineering and maintenance services, etc.
Net sales break down geographically as follows: Japan (52.1%), Asia (24.9%), Europe (11.1%), North America (10.3%) and other (1.6%).