Ekso Bionics Holdings Inc. yesterday completed an alternative public offering in which Ekso Bionics Inc. became a wholly owned subsidiary of the company and simultaneously completed a $20.6 million private placement offering. The alternative public offering was structured as a reverse merger. Ekso Bionics builds battery-powered robotic exoskeletons that have applications in medical, military, industrial and
Intuitive Surgical today announced preliminary fourth quarter and full year 2013 financial results, which showed that following a year in which the company faced mounting criticism over aggressive marketing tactics and under-reported complications, it still made a lot of money. Intuitive expects fourth-quarter revenue of approximately $576 million, down about 5 percent from $609 million
According to a report from Bloomberg yesterday, Takashi Kato, co-founder of recent Google acquisition and DARPA Robotics Challenge winner Schaft Inc., has opened a fund to invest in new technology from Japanese start-ups and universities. Kato told Bloomberg that his fund, 246 Capital, plans to raise about 2 billion yen ($19 million) in the next
The New York Times, which confirmed earlier this month that Google has been quietly buying up robotics companies, reports that the search giant has added an eighth acquisition to the mix: Boston Dynamics. Within the robotics community, that’s probably the biggest name to be bought up yet. The previous companies acquired during Google’s recent spending
Mazor Robotics reported today that, effective Dec. 15, it will be included in both the Tel Aviv Stock Exchange (TASE) Top 75 and Top 100 indexes. The Top 75 index, or TA-75, is a share index of the 75 most highly capitalized companies on the TASE not included in the TA-25 index. The TA-100 index, known as the Tel Aviv 100, is a stock
As of the end of November, following its first full month of operation, the Robo-Stox Global Robotics and Automation Index ETF has amassed more than $25 million in assets under management, its founders reported today. The exchange-traded fund became available to NASDAQ investors on Oct. 22. “The rapid accumulation of assets in our exchange-traded fund provides
PaR Systems, a Minnesota company with expertise in material handling, aerospace manufacturing, automation and robotics, reported yesterday that it has acquired the major assets of Atlanta-based CAMotion and CAMotion Cranes. CAMotion and CAMotion Cranes are known for material handling using Cartesian robotic technology for pick-and-place systems, palletizing and depalletizing machines, and advanced crane motion controls. The
AeroVironment yesterday reported second quarter revenue of $64.9 million, down 19 percent from $80.3 million during the same period last year. However, the company also noted that its funded backlog — or unfilled orders for which funding has been appropriated to the company under contract — was $133.8 million, a big jump from $59.4 million as of April 30.
3-D printing has been hailed as the next big thing for a while now, but as the technology continues to improve and cost decreases, it appears to be on the cusp of breaking out in a big way. Exhibit A — a newly released research report by MarketsandMarkets predicts the segment will expand at an
In another first for robot-kind, a UR5 robot arm from Universal Robots will ring the NASDAQ closing bell on Tuesday to mark the launch of the Robo-Stox Global Robotics and Automation Index exchange-traded fund. It’s the first time a non-human has been given the task. Of course, these days “ringing” the closing bell actually means
