Global sales of industrial robots will increase by about 2 percent in 2013 to 162,000 units, according to a study released today by the International Federation of Robotics. That would fall short of the record of 166,028 units set in 2011 but still represents the second highest total in history. The study, “World Robotics 2013
3-D printer manufacturer Stratasys Ltd. today reported it has closed its previously announced public offering. The company sold more than 5 million ordinary shares at a public offering price of $93 per share for net offering proceeds of approximating $462.8 million, after underwriting discounts, commissions and other estimated offering expenses. J.P. Morgan acted as sole
Stratasys, the professional 3-D printing leader that acquired desktop 3-D printing standout MakerBot during the summer, announced yesterday that it intends to offer 4 million of its ordinary shares in an underwritten public offering. Based on its current stock price, that would raise more than $400 million — about the same amount the company paid
After suffering through what Motley Fool has termed a “dismal performance” over the previous five years involving a negative 44 percent return for those maintaining an investment over that period, industrial robotics manufacturer Adept Technology is beginning to show significant signs of a turnaround. Following its financial report this week, Adept saw a jump in
As its military sales have stagnated over the past year, robotics market-leader iRobot has been leaning more and more on its always preeminent Home Robots division to drive corporate profits. Over the past several years, however, that division has often seemed to be less a site of technological innovation and product diversification than a home
Willow Garage, the robotics research lab responsible for both the open-source robot operating system ROS and the PR2 robot, announced yesterday via its blog and a press release that a majority of its employees are moving over to remote presence company Suitable Technologies. Both companies were founded by Scott Hassan, an early Google developer and
Israeli surgical robotics firm Mazor Robotics yesterday reported promising financial results despite a net loss for second-quarter 2013, which ended June 30. According to CEO Ori Hadomi, “Our strong financial performance, highlighted by the revenue increase and gross margin expansion, demonstrates continued global adoption of our Renaissance systems as we ended the second quarter with 54
Alaska-based Fairweather LLC, which provides a variety of support services in remote regions of Alaska, reported yesterday that it has acquired majority ownership of VDOS (Virtual Data Operations Support), a provider of manned and unmanned remote sensing and data collection services. Fairweather provides marine science, medical, aviation, meteorological and expediting support to Alaska’s natural resource
Hansen Medical, a medical robotics company focused on catheter-related technologies, reported today that it has entered into a securities purchase agreement for up to $93 million subject to closing conditions. The agreement is with Oracle Investment Management, medical device executive Jack W. Schuler, members of the company’s board of directors and other existing and new
Robotics Alley, the Minnesota-based robotics conference and expo founded in 2011 by ReconRobotics and the Minnesota High Tech Association, has been sold. The new owner is The Event Group, Incorporated, a Minnesota-based event management and marketing firm. The event was created to spur public-private partnerships and development within Minnesota’s robotics industry and the surrounding region.
