Boomerang says the arrangement will allow the company to reduce its cost structure and improve its ability to deliver a superior product in significant volumes and expedited fashion.
“This is a transformative moment for Boomerang that we are confident will drive significant value for our customers, shareholders, and our company,” said Mark Patterson, Boomerang’s CEO.
If you’re not familiar with Boomerang, it’s a New Jersey company that manufactures fully automated parking and self-storage systems. Their parking system, called RoboticValet, lets drivers drop off their vehicles at the entrance to a garage, where robots wait to ferry the cars to open spaces.
It’s an interesting concept with some obvious advantages. For one, with robots doing the driving, the cars can be parked more closely. For another, since humans never enter the garage, less lighting and ventilation is required. And finally, because people aren’t wandering around the facilities, they’re easier to secure.
If those things interest you, then today’s announcement should come as good news. See below for a video of how the system works.
Mike Davin is passionate about business and robotics. In addition to editing The Business of Robotics, he is on the advisory board for the Robotics Alley Conference & Expo. He also serves on the executive committee of AUVSI Twin Cities as communications chair. Before he covered robots, he was senior editor of Boating Industry magazine as well as online editor of its sister publication, Powersports Business.