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Why Citigroup Is Feeling Lucky on These Casino Stocks – 24/7 Wall St.

Posted on July 8, 2022 by Danzig

Investing

July 8, 2022 9:56 am

Last Updated: July 8, 2022 10:04 am

Casino stocks were a staple of many portfolios for years, and with the expansion into Macau, China, they were considered a cash cow. However, COVID-19 proved problematic with lockdowns in China and globally. With the pandemic abating and everyone getting back to business as usual, one big brokerage house from Wall Street is betting big again on these casinos.

Citigroup has issued a few calls with a focus on big casinos. Each call is incredibly positive, forecasting massive upside in both the near and long term.

George Choi was the lead analyst on the call, and he made the point that most investors seem to be willing to look past the recent COVID-19 outbreak in Macau and have regained confidence in the eventual EBITDA recovery in Macau. He attributes the positive sentiment change to the much-lower-than-anticipated regulatory risks after the Legislative Assemblys passing of the Gaming Law amendments in June.

Also, Chinas decision to half the mandatory quarantine days for inbound travelers also gets investors excited again, according to Choi. In the near term, he thinks the license retender, likely to happen in August, could be the next positive catalyst to rerate the Macau stocks to the next level.

It is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.

Las Vegas Sands Corp. (NYSE: LVS): Citigroup reiterated a Buy rating and slightly lowered the price target from $57 to $56, implying upside of 61% from the most recent closing price of $34.76. The stock traded around $35 on Friday, in a 52-week range of $28.88 to $52.00. Shares are down over 8% year to date.

Melco Resorts & Entertainment Ltd. (NASDAQ: MLCO): Citi reiterated a Buy rating and lowered the $12.50 price target to $11, implying upside of 87% from the most recent closing price of $5.89. The stock has a 52-week trading range of $4.06 to $16.58, and it traded at over $5 a share on Friday. The stock is down 48% year to date.

MGM Resorts International (NYSE: MGM): Citi reiterated a Buy rating and lowered the price target from $59 to $56, implying upside of 84% from the most recent closing price of $30.36. The stock traded around $30 on Friday, in a 52-week range of $26.41 to $51.17. Shares are down over 34% year to date.

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Wynn Resorts Ltd. (NASDAQ: WYNN): Citi reiterated a Buy rating and lowered the $92 price target to $87.50. The implied upside from the most recent closing price of $57.79 is 51%. The stock traded around $57 on Friday, in a 52-week range of $50.20 to $117.88. Shares are down over 34% year to date.

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Why Citigroup Is Feeling Lucky on These Casino Stocks - 24/7 Wall St.

Macau Casino GGR Forecasts Are Cut, COVID-19 Is Cited as the Main Cause – GamblingNews.com

Posted on July 8, 2022 by Danzig

The gross gaming revenue forecast for Macau casino concessionaires has been cut by S&P Global Ratings as the institution cited the surge of COVID-19 cases in its report, which was published yesterday (Thursday, July 7).

S&P Global Ratings stated that with the latest developments, the GGR of the casino concessionaires will be MOP87.74 billion ($1.08 billion) at most, which is 20%-30% of the GGR in the pre-pandemic era. In 2019, casino concessionaires recorded MOP292.46 billion in GGR ($3.6 billion).

The statement also shared a few details concerning the liquidity of the concessionaires. It stated that they have 18 to 20 months of liquidity even if a zero-revenue scenario occurs.

Earlier this year, an analysis conducted by JP Morgan analysts was focused on SJM Holdings and it concluded that the concessionaire is running low on funds.

Original insights into the market revenue for 2023 stated that the GGR of the concessionaires in Macau will be 80% of the pre-pandemic levels. However, that number has also reduced as S&P Global Ratings noted that the revenue that the casinos will reach will likely be 50-70% of the GGR of 2019.

June GGR of Macau concessionaires reached MOP2.48 billion ($310 million) which is the worst number since September 2020. Compared to the May GGR, which was MOP3.34 billion ($413 million), the June GGR is down 25.9% and additionally, the GGR was 62.1% lower than June 2021.

Even though July has barely started, many are convinced that his month will be no better as the number of tourists who are staying overnight and are visiting the casinos will reduce. One of the main reasons why is that hotels at casino resorts in Macau are being used for quarantine purposes.

Lau Fong Chi, a Macau Government Tourism Office official, stated that 470 rooms at the Grand Lisboa Palace (SJM Holdings) and 300 rooms at Grand Hyatt Macaus B1 Tower (Melco Resorts and Entertainment Ltd.) will now be now used as quarantine rooms for people that test positive for COVID-19.

Sheraton Grand Macao (Londoner Macao resort) and the Parisian Macao hotel are also used for the same purposes. Grand Lisboa will be used as a quarantined hotel until at least July 11 as it was locked down on Tuesday after 13 people at the premises tested positive for COVID-19. Back in May, Macaus Legislative Assembly Second Standing Committee discussed the possibility to help casino concessionaires boost their GGR by giving them tax breaks if they manage to bring foreign customers to gamble on their premises.

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Macau Casino GGR Forecasts Are Cut, COVID-19 Is Cited as the Main Cause - GamblingNews.com

PokerStars Strengthens Oracle Red Bull Racing Partnership with Hybrid Poker-Casino Promotions – Pokerfuse

Posted on July 8, 2022 by Danzig

with the huge excitement of the F1 season reaching the British Grand Prix, its only fitting we kick off with a massive $1 million dropPokerStars continues to cement itself as Oracle Red Bull Racings partner with a series of new hybrid poker-and-casino promotions throughout the remaining F1 season.

Four promotions have been announced, ranging from casino drops to Formula 1-themed freerolls for poker players. Before the start of the British Grand Prix, the operator kicked off the $1 million bonus drop promotion, giving away $1 million in casino prizes and spins.

All eligible players have to do for a shot at winning is login and open their PokerStars Chests to potentially score a share of the $1 million giveaway.

Next in the line of Oracle Red Bull promotions are the Weekend Casino Races. This one runs every Thursday to Sunday on a race weekend in the PokerStars Casino lobby.

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PokerStars Strengthens Oracle Red Bull Racing Partnership with Hybrid Poker-Casino Promotions - Pokerfuse

North America ‘catching up’ in global robotics race, says report – Robotics and Automation News

Posted on July 8, 2022 by Danzig

A research study released by Strategic Exits Partners, a boutique investment bank specializing in the sale of technology companies, found that although America has lagged behind Asia in design and production of manufacturing robots, it is now positioned to catch up and lead in a new global robotics race.

The study analyzed the last five years of transactions including 300 exits, and 5,000 investments into 3,000 global companies.

Len Zapalowski, partner, Strategic Exits Partners, says: Our research found that despite Americas minor role in manufacturing robots, it is now making robot acquisitions at a rapid rate that exceeds its geopolitical rivals.

And although America has not historically, on a systems level, been a leader in robotic technology, we concluded that America is buying its way into many robot categories.

Analysis of the available data on global robotic acquisitions by industry, found that America is on par with Europe and Asia in the acquisition of technologies in industries such as manufacturing, and medical and healthcare.

However, the trends suggest it is outspending other regions in technologies such as transportation (autonomous guided vehicles or autonomously guided robots used in logistics, agriculture and consumer applications), integrators (service companies that implement solutions), and workplace robots (collaborative robots that help people clean, serve food or in retail).

The study concluded that if America is focusing on service robots in these industries, and the largest robot manufacturing density is in Asia (robot density measured by the number of robots per population, a key indicator of the level of automation a society has achieved), then it will continue to import manufacturing robots in the assembly of these service robots from Japan and Europe.

The service robots, made in America, will assist Americans with everyday life, which will in turn provide export opportunities of novel robots for American companies.

The study also concluded that the US manufacturing robot density will increase, as robot adoption is still in its infancy, and the service robots can be made as easily in America as overseas.

Zapalowski says: Korea currently has a 3.5x greater robot density than America. However, robots cost more or less the same anywhere, so the manufacturing base will return to America in the form of robots and advanced automation.

However, this boom in service robots is not expected to result in a commensurate job increase for the human workforce.

The research also examined global robotic acquisitions by robot form, revealing a trend on the future of automation and robotics.

Zapalowski says: Surprisingly, at least two thirds of the global acquisitions are related to robots that are in motion: drones, autonomous guided vehicles, autonomous mobile robots, maritime robots, shuttle robots, etcetera.

The significance of this finding is that there is vigorous demand for robots that are mobile, and this is expected to increase over the decade.

The next wave of innovation will be all about what these robots can perform on mobile or stationary platforms. Robot dexterity and intelligence is becoming increasingly relevant around the globe.

The overall finding of the proprietary research conducted by Strategic Exits Partners was that America is well positioned in the global robotics race, but the stakes have been moved.

No longer is the race to produce traditional manufacturing robots, but rather for mobile or stationary, service robots. Through acquisitions, America is gaining the intellectual property to maintain a dominant position.

Insights on the Food Robotics Global Market to 2027 – by Type, Payload, Application and Region – ResearchAndMarkets.com – Business Wire

Posted on July 8, 2022 by Danzig

DUBLIN--(BUSINESS WIRE)--The "Food Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global food robotics market reached a value of US$ 1.9 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 3.9 Billion by 2027, exhibiting a CAGR of 12.73% during 2021-2027.

Companies Mentioned

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Food robots carry out complex manufacturing processes, such as dispensing, feed placement, packaging and casing, pick-and-placing products into containers, sorting raw material, and labeling packages. They help perform repetitive and tedious production tasks at high speed in extreme conditions like high temperatures.

They also save space and time, lower production costs, improves the cleanliness, safety, and efficiency of manufacturing processes. As a result, leading players in the food and beverage (F&B) industry worldwide are automating the food production process using food robotics technology to mass-produce products with high precision and yields.

The lack of skilled and low-cost labor represents one of the significant factors augmenting the growth of the market across the globe. With the integration of big data and artificial intelligence (AI), various advancements in robotic technology are being made that allow quick, gentle handling of sensitive food products like biscuits, frozen pizzas, and fruit and vegetables. Robots deployed in the F&B sector can also create custom designs and complex patterns on cakes or other bakery items.

Apart from this, these robots are gaining traction in high-end restaurants and luxury hotels for efficient order picking and packaging. Once an online order is placed, they detect the location of the specific product, package aptly, and provide the customer with real-time information about delivery status. Furthermore, prominent market players are innovating food robotics for performing industrial tasks.

As a result, they are integrating intelligent vision systems that can sort products based on color, shape, and size on a conveyor belt with accuracy. Moreover, due to the coronavirus disease (COVID-19) outbreak and implementation of complete lockdown in numerous countries, most of the F&B manufacturing facilities experienced a shortage of workers. This, along with the need for the adoption of social distancing measures and surging demand for packaged food products, is propelling the growth of the market.

Key Questions Answered in This Report:

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Food Robotics Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Type

7 Market Breakup by Payload

8 Market Breakup by Application

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/b8m3c1

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Insights on the Food Robotics Global Market to 2027 - by Type, Payload, Application and Region - ResearchAndMarkets.com - Business Wire

Announcing the judges for the TC Sessions: Robotics Pitch-Off – TechCrunch

Posted on July 8, 2022 by Danzig

On June 21st, TechCrunch will host TC Sessions: Robotics 2022 virtually. No TechCrunch event is complete without a pitch-off showcasing early-stage startups from around the globe. If youre a founder in the robotics space hardware or software side you can apply here. Who will you be pitching to? The glitterati of the robotics ecosystem.

The pitch-off will consist of three startup companies presenting for four seconds on the virtual stage, in front of the entire TC Sessions audience and our expert panel of judges.

The winning team will receive a coveted spot in TechCrunch Startup Battlefield 200, free exhibition space at TechCrunch Disrupt 2022 and the chance to win $100,000 in equity-free prize money.

Bummed you missed your chance to apply for the pitch-off? Fear not! TechCrunch has your back you have until the end of day today to apply here.

Ayanna Howard, Ohio State University

Accomplished roboticist, entrepreneur and educator Ayanna Howard, PhD, became dean of The Ohio State University College of Engineering on March 1, 2021. Previously she was chair of the Georgia Institute of Technology School of Interactive Computing in the College of Computing, as well as founder and director of the Human-Automation Systems Lab.

Her career spans higher education, NASAs Jet Propulsion Laboratory, and the private sector. Dr. Howard is the founder and president of the board of directors of Zyrobotics, a Georgia Tech spin-off company that develops mobile therapy and educational products for children with special needs. Zyrobotics products are based on Dr. Howards research.

Among many accolades, Forbes named Dr. Howard to its Americas Top 50 Women In Tech list. In May 2021, the Association for Computing Machinery named her the ACM Athena Lecturer in recognition of fundamental contributions to the development of accessible human-robotic systems and artificial intelligence, along with forging new paths to broaden participation in computing.

Dr. Howard earned her bachelors degree in computer engineering from Brown University, her masters degree and PhD in electrical engineering from the University of Southern California, and her MBA from Claremont Graduate University.

Ayah Bdeir, littleBits (acquired by Sphero)

Ayah Bdeir is an entrepreneur, engineer and social activist. She is the inventor of littleBits, the electronic building block that has transformed STEM education for millions of kids around the world. For over a decade, Bdeirs work has centered around empowering everyone to be an inventor by modularizing and democratizing electronics, by pioneering new ways of learning through play, and by reimagining the relationship between technology and creativity. Bdeir has been particularly focused on empowering underrepresented communities, especially girls, with the tools to become tomorrows changemakers. In recognition of her work, Bdeir has received numerous awards, including: BBC 100 Most Influential Women (2019), a TED fellowship and she has appeared on the cover of The New York Times Magazine (2011). Her inventions are included in the permanent collection of the Museum of Modern Art (MoMA) and she holds over a dozen patents.

Bdeir graduated from the MIT Media Lab and the American University of Beirut. She is from Beirut, Lebanon, and lives and works in New York.

Kelly Chen, DCVC

Kelly is a Partner at DCVC, an early-stage deep tech VC with $3B AUM. An engineer at heart, she invests in teams solving some of the worlds most complex problems in industrials, automation, supply chain, and sustainability. At DCVC, she led investments including Agility Robotics, Fulfil.ai, SafelyYou, SmarTex, and Brimstone.

Kellys interest has always been how to use data and optimization to push boundaries, faster. From her former career as a quantitative fixed income trader to building out a new product line for a global investment bank, she has focused closely on building the best models, structures, and sales teams to optimize outcomes. Kelly received a BS and MS from Columbia Engineering and an MBA from Wharton, where she was President of the Entrepreneurship Club. In her spare time, Kelly can be found traversing the chilly Bay Area waters on her electric hydrofoil.

Announcing the judges for the TC Sessions: Robotics Pitch-Off - TechCrunch

Covariant, MassRobotics and The Engine discuss the road from lab to market at TC Sessions: Robotics – TechCrunch

Posted on July 8, 2022 by Danzig

Its a long road taking an idea from the R&D stage in a lab to successful commercialization, especially when youre talking about technologies as complex and costly as robotics and artificial intelligence.

Robotics startups require expensive equipment like industrial-grade sensors, 3D printers and controlled environments for building and testing prototypes. And even though robotics is weathering the current slowdown in venture funding better than other tech sectors, its still too easy for innovative inventions to remain stuck in the lab.

Thats why were thrilled to welcome three experts in the process to TC Sessions: Robotics on July 21: Pieter Abbeel, co-founder and chief scientist at Covariant; Joyce Sidopoulos, co-founder and VP of programs and community at MassRobotics; and Milo Werner, general partner at The Engine.

In a session entitled From Cage to Stage: Commercializing AI and Robotics, the panel will share their considerable experience in what it takes to move a robot or AI process from the lab to market.

Heres what our panelists bring to the table, and why we cant wait to get their take on the topic.

In addition to founding Covariant, which develops AI for robotic automation of warehouses and factories, Pieter Abbeel is the director of the Berkeley Robot Learning Lab and co-director of the Berkeley Artificial Intelligence (BAIR) Lab.

A founding partner at AIX Ventures, a VC firm focused on AI startups, Abbeel also hosts The Robot Brains podcast, which explores what AI and robotics can do today and where they are headed.

Abbeels work has been featured in the New York Times, Wall Street Journal, BBC, Rolling Stone, Wired, Tech Review and (of course) TechCrunch.

As the co-founder and vice president for programs and community at MassRobotics whose mission is to enable and grow the next generation of robotics companies Joyce Sidopoulos develops high-impact programs for the robotics ecosystem. She matches startups with potential funders and customers, connects students and talent to potential employers and works with academia to commercialize research.

Previously, Sidopoulos served as the innovation and robotics community manager for the Massachusetts Technology Leadership Council to expand the robotics ecosystem in Massachusetts and the New England region, which helped lead to the founding of MassRobotics.

Sidopoulos spent 14 years with the USNs Naval Undersea Warfare Center, where she served in various roles, including chief scientist, systems and test engineer and sonar systems analyst/engineer. She has held senior roles at General Dynamics and other defense contractors.

Milo Werner is a general partner at The Engine, a VC firm that helps deep tech companies bridge the gap between discovery and commercialization. Previously, she was a partner at Ajax Strategies where she led midstage investments across energy, transportation, agriculture and industrial applications.

At Tesla, Werner led the new product introduction team and helped launch the Model S powertrain and Model X. She also ran the new product introduction team at Fitbit, and she led engineering and product development at Zola, a microgrid startup providing distributed energy to families in Sub-Saharan Africa.

Werner earned a BS in Geology and Civil and Environmental Engineering from the University of Vermont, an MS in Civil Engineering and an MBA from the Massachusetts Institute of Technology.

TC Sessions: Robotics is a free online event, happening July 21. You can catch all of the sessions and join the robotics community online for speed networking, chats and one-on-one meetings. Simply register here for free.

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Covariant, MassRobotics and The Engine discuss the road from lab to market at TC Sessions: Robotics - TechCrunch

Ganymed Robotics Raises 21M to Complete the Development of Its Next Generation Surgical Robot and Prepare for a Commercial Launch – Business Wire

Posted on July 8, 2022 by Danzig

PARIS--(BUSINESS WIRE)--Ganymed Robotics, a developer of computer vision software and robotics technologies for orthopedic surgeons, announced it has raised 21 million in the oversubscribed first close of its Series B funding. The round was led by Cathay Health, with participation of Credit Mutuel Innovation, Kurma Partners, BNP Paribas Dveloppement and internationally renowned surgeons.

The funding will be used to:

- Support Ganymeds expansion in France and in the United States;- Finalize the industrial development of its surgical robotic assistant for knee arthroplasty (TKA);- Accelerate regulatory and marketing developments across geographies;- Diversify the innovation product pipeline.

Since inception in 2018, Ganymed Robotics has experienced a rapid growth. In collaboration with world-class clinicians, it has validated its proprietary algorithms and collected unique in vivo data via a 100-patient observational study, successfully completed functional prototype tests, initiated industrialization of its first device dedicated to TKA through strategic partnerships with manufacturers and secured a robust patent portfolio.

The support of this high-profile group of investors, specialized in innovation and healthcare is a strong endorsement of the work accomplished and of our vision for the future of orthopedic surgery. We are eager to enter this new phase of growth, says Sophie Cahen, co-founder and CEO of Ganymed Robotics. With our unique robot-with-eyes platform, we are committed to providing all surgeons and care centers, large and small, with an easy-to-use and cost-effective solution that will radically improve patient outcome, surgeon experience and overall efficiency of joint replacement interventions.

Ganymed Robotics patented technology platform transforms the way orthopedic surgeons perform in the operating room, thanks to its combination of advanced computer vision and mechatronics. The first application is a co-manipulated surgical robotic assistant for total knee arthroplasty (TKA). Ganymeds device is the first compact and intuitive robot, fully integrated into the workflow, that simplifies and increases accuracy of orthopedics. TKA is expected to rise in OECD countries from 2.4 million procedures currently to 5.7 million in 2030. Today, 95% of orthopedic surgeries are performed without technological assistance, leading to sub-optimal outcomes; patient dissatisfaction rate is above 20%.

We have been impressed by Ganymed next-generation technology. We are looking forward to working alongside such a talented team and contribute to making orthopedic surgery safer, more accessible, more surgeon-centric and ultimately more efficient for all, says Dr. Steve Oesterle, former SVP Medicine and Technology at Medtronic, now Venture Partner at Cathay Health.

Bryan, Garnier & Co acted as exclusive financial advisor on the transaction.

About Ganymed Robotics

Ganymed Robotics is a medical device company founded in 2018, developing the next generation of robotic assistance technologies for orthopedic surgery. The companys mission is to improve patient outcome, surgeon experience, and overall efficiency of care delivery for its target indications. Based in Paris, Ganymed Robotics currently employs 25 people who develop a proprietary technology platform combining computer vision, a branch of artificial intelligence, and mechatronics, in close collaboration with world-class clinicians and advisors. The first application is a robotic surgical assistant for knee arthroplasties, a common and fast-growing intervention associated with high dissatisfaction rates of above 20%. Ganymed Robotics intends to progressively deploy its technology to address several other orthopedics indications. Ganymed Robotics won national and international innovation awards, such as I-Lab, French Tech Emergence, Deep Tech Pioneer, EIT Health, Wilco, EIC Accelerator. For more information: http://www.ganymedrobotics.com

About Investors

Cathay Health, affiliated to Cathay Capital, is a global fund investing at the convergence of healthcare, life sciences and technology. As a multi-stage 500M fund, it backs venture and growth-stage companies across Europe, North America and Asia whose tech-enabled solutions catalyze groundbreaking advances in medicine. Its global platform brings together startups, established companies and large corporations to fuel cross-border, cross-industry collaboration and growth with direct access to new markets, partners and patients. From the worlds leading life sciences and technology hubs, including San Francisco, New York, London, Cambridge, Paris, Basel and Shanghai, Cathay Health partners with future leaders in the data-driven medicine era that will transform human health and care in all its dimensions. Find more information here or follow us on LinkedIn, Twitter @CathayHealth

Crdit Mutuel Innovation is the venture capital subsidiary of Crdit Mutuel Equity (3.5 billion of capital under management), part of Crdit Mutuel Alliance Fdrale. It invests tickets between 1m and 20m in innovative companies in the digital, life sciences and deeptech sectors. Crdit Mutuel Innovation enables entrepreneurs to develop their growth potential by connecting them to companies in the ecosystems it belongs. Because it takes more than five years to create a world leader, Crdit Mutuel Innovation invests (and often reinvests) its own capital on a long-term basis and builds long-term relationships with the entrepreneurs it supports. For more information: http://www.creditmutuel-equity.eu

Kurma Partners is a key European venture capital group specialized in healthcare, with 700 million under management, with three franchises: Kurma Diagnostics focused on diagnostic and digital health (current active fund Kurma Dx2), Kurma Biofund focused on therapeutic (current active fund KBIII), and more recently Kurma Growth Opportunities covering both sectors at a later stage of investments. Kurma Partners is part of the Eurazeo group.

BNP Paribas Dveloppement is an independent subsidiary of BNP Paribas which has for more than 30 years taken minority stakes in successful SMEs to support their growth and secure their long-term development by facilitating their transmission. In addition to providing the financial resources that permit stability, BNP Paribas Dveloppement's mission is to assist management teams in carrying out strategic medium-term projects. As a minority shareholder we provide our partners with appropriate governance without interference in day-to-day management. They also benefit from the strength of a leading banking group and the experience of a partner with more than 400 diversified investments, including 70 startups. For more information: http://www.bnpparibasdeveloppement.com, https://www.linkedin.com/company/bnp-paribas-developpement

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Ganymed Robotics Raises 21M to Complete the Development of Its Next Generation Surgical Robot and Prepare for a Commercial Launch - Business Wire

How the cloud can ‘enhance growth and innovation’ in milking robotics – DairyReporter.com

Posted on July 8, 2022 by Danzig

Netherlands-based Lely has chosen to work with Infor CloudSuite Equiptment to deliver growth and environmental impact, the companies announced today. By deploying what they describe as a future-proof and flexible solution, Lely hopes to see benefits in areas such as tracking capabilities, quality management and supply chain management.

"The Infor solution provides the flexibility to manage the most complex value chains, such as supply chain management, procurement insight and more efficient production processes. With the ERP solution, organisations can quickly adapt as industry trends change. This optimizes their operations and helps to increase revenue opportunities," explained Hein Kivits, Infors senior sales director in Benelux.

Lely, a Dutch family-owned company active in the agricultural sector since 1948, designs and manufactures automated systems for dairy farmers around the world. With the new cloud-based Infor ERP, powered by Amazon Web Services (AWS), Lely wants to increase flexibility to support innovation in milking robotics.

This is vital as the agricultural world is forced to adapt to challenging conditions, meeting the needs of a growing world population within finite planetary boundaries. Through automation and robotics, agricultural entrepreneurs can perform simple analyses to, for example, monitor their livestock and increase productivity, Lely believes. The Infor CloudSuite application supports the necessary flexibility to achieve this.

"We are pleased to provide Lely with a solid foundation that will help them achieve their ambition to remain the market leader in the agricultural sector, Kivits added.

Importantly, Lelys head of data, value & IT, Bart Kuijpers revealed, the company was able to implement the switch to ERP without disrupting service."I am very proud of the way we did the implementations as a team with Infors alliance partner Apex Systems and Infor. We made it a team success. The requirements were that it should be implemented in a short time, that the users and customers would not feel it and that there would be no downtime in production. Every requirement was met. The servers were replaced and the new system switched over during the weekend, so by Monday morning, the cloud applications were already working perfectly. The ultimate measure was our customers never felt any disruption," he noted.

What benefits does the switch deliver to Lelys operations?A huge advantage is we no longer need to do any system updates or maintain any servers. Everything is looked after by Infor. The ERP is at the centre of our IT landscape, and now we can take advantage of regular functionality updates and the Infor Data Lake as a central data repository, Kuijpers said.

In the next phase of the implementation, Infor's cloud-based application will be deployed in the other countries where Lely is active in 2022 and 2023. The focus is to improve the supply chain and financial processes.

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How the cloud can 'enhance growth and innovation' in milking robotics - DairyReporter.com

NEXUS ROBOTICS RECEIVES $2.6 MILLION IN GRANT FUNDING FROM SUSTAINABLE DEVELOPMENT TECHNOLOGY CANADA (SDTC) – PR Newswire

Posted on July 8, 2022 by Danzig

ST-BRUNO-DE-MONTARVILLE,QC, July 7, 2022 /PRNewswire/ - We are very pleased to announce that Nexus Robotics Inc. was just awarded $2.6M in grant funding from Sustainable Development Technology Canada (SDTC), which will be used to create the next generation of our robots and continue to develop intensively to provide farmers with even more environmentally-friendly benefits, and bring a truly revolutionary product to the agro technology market worldwide. "This grant not only confirms our technology advancement and the potential of our business model, it also confirms our ESG status and ensures our capacity to pursue our R&D roadmap," says Luc Labb, CEO.

A single Nexus robot can help reduce herbicide and fungicide application by 50%

Using a very unique combination of articulated arms, Artificial Intelligence and advanced algorithms to remove weeds and treat diseased plants, Nexus Robotics' self-driving robots help increase crop yield. In measurable terms, a single Nexus robot can help reduce herbicide and fungicide application by 50%, and allows for better use of manual labor by replacing up to five people in the weeding-related tasks.

At this time, we are rolling out the second generation of Nexus Robotics field robots in Canadian fields for the summer, all of which will be moving to California later this year to allow for a continuous improvement of the AI software powering the machines over the winter months. Nexus Robotics will attend and showcase its robot at the 2022 FIRA-USA convention in Fresno, CA from October 18th to 20th, 2022.

About Nexus Robotics Nexus Robotics is an agricultural technology solutions company that delivers flexibility and freedom to create the future of farming. Our latest product integrates precision controls and advanced optics into a fully autonomous vehicle that uses machine learning to accurately remove weeds without damaging crops. Together with our customers and partners, Nexus is reshaping one weed at a time how farm work gets done for a more sustainable future. nexusrobotics.ca

About Sustainable Development Technology Canada At SDTC, we support companies attempting to do extraordinary things. From initial funding to educational support and peer learning to market integration, we are invested in helping our small and medium-sized businesses grow into successful companies that employ Canadians from coast to coast to coast. The innovations we fund help solve some of the world's most pressing environmental challenges: climate change, regeneration through the circular economy, and the well-being of humans in the communities they live in and the natural environment they interact with. sdtc.ca/en

SOURCE Nexus Robotics Inc.

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NEXUS ROBOTICS RECEIVES $2.6 MILLION IN GRANT FUNDING FROM SUSTAINABLE DEVELOPMENT TECHNOLOGY CANADA (SDTC) - PR Newswire

5 Amazing Benefits of Combining AR, VR and Robotics | RoboticsTomorrow – Robotics Tomorrow

Posted on July 8, 2022 by Danzig

Augmented robots and VR-controlled robots are changing the robotics industry in big ways. Combining AR, VR and robotics allows engineers to push the boundaries of science and technology, as well as medicine and exploration.

There are many ways of combining these three technologies, but a handful of applications stand out today. They reveal some key benefits of AR, VR and robots working together.

AR, VR and robotics are useful technologies for training on their own. Combining them allows education in all kinds of fields to become more intuitive, immersive and safe. AR and VR can even help train robots themselves. There are numerous ways engineers and organizations worldwide are implementing these technologies together.

For example, VR has long been eyed as the perfect military training tool. People could learn in an immersive, hands-on setting without the danger of causing or receiving actual harm. This is especially important in the military, which is significantly more dangerous than most other fields. These tech-driven training programs can be elevated to a whole new level when VR is combined with robotics.

Pilots could use VR to fly robotic drones remotely, combining the actual flying experience and instincts of humans with the safety and disposable nature of drones. The same combination of technology could also be used to train pilots. In fact, the U.S. Army is conducting research on VR-controlled robots to use for training and simulated missions.

AR and VR can also help develop and train smarter robots. Researchers have used virtual environments to train robot AI models for object recognition and gripper operation. Programs like this allow for faster, more affordable training since the bot doesnt need actual objects to work with while learning. Similarly, employees in various industries could use VR and virtual environments to learn to operate these machines safely.

Safety is an increasingly common motivation for using AR, VR and robotics in many settings. These technologies can often make dangerous tasks much less hazardous and make operating various machines easier and safer.

Similarly, AR and VR could help make robots safer to use. For example, some dangerous tasks are too complex to be fully automated. However, a trained professional can use a VR-controlled robot to perform the necessary functions without being in any danger.

Robotics developers are applying this combination of technology to one of the most hazardous jobs: bomb defusal. Professional bomb defusers receive extensive specialized training to minimize the risk they face on the job, but even the slightest mistake could be deadly. VR-controlled robots remove this risk by combining the nimble precision of a bot with the expertise of a human. The robots are controlled from a safe distance, which may help operators focus better since they are not in danger themselves.

Augmented robots can make many types of jobs safer. Manufacturing is becoming increasingly automated, with machines taking on more tasks. Humans are still a crucial part of the process, though. Manufacturing professionals can use VR-controlled robots from a safe distance. A similar strategy could also be used in fields like construction and mining.

Additionally, VR and AR could potentially improve the safety of robots themselves. For example, VR simulations could be used to test their performance and resilience in inclement weather. This might help reveal things like structural defects or corrosion risks.

Corrosion is a major concern for robots in outdoor environments like construction. It causes a staggering $23.4 billion of damage every year. AR could even help technicians look for signs of wear and tear on real robots.

Augmented robots are making some incredible things possible today. Most people whove been diagnosed with debilitating illnesses and medical conditions cant have a regular job or get out of the house without assistance. Thanks to VR-controlled robots, that might no longer be the case not too far in the future. In fact, one innovative cafe in Tokyo is already making it a reality.

At DAWN Robot Cafe, the waiters and hosting staff are robots that are remotely controlled by people with various conditions that prevent them from leaving their homes. They use the robots to interact with customers, take orders, deliver food and complete all the other tasks a typical waiter would.

The pilots use various technologies to control the robots, depending on their physical abilities. Some people even control their robotic avatars solely through eye motion. DAWN Cafe and similar programs could adopt VR to give employees a more comfortable and immersive working experience through augmented robots as the technology evolves.

Military applications are often the first thing that comes to mind when most people think of VR-controlled robots. However, applying these combined technologies in civilian spaces clearly have some amazing benefits. DAWN Cafe could be pioneering the future of a new kind of remote work and even remote socialization, which could improve millions of lives worldwide.

Medical care is limited and difficult to access in some parts of the world. Sadly, many patients die because they cannot get the necessary surgery or treatment. Studies estimate that 8.6 million deaths could be prevented every year through improved access to high-quality medical care. VR-controlled robots could help solve this problem.

Surgical robots have already been developed and are in use in hospitals worldwide. These robots allow surgeons to conduct procedures with a high level of precision, but they still require the doctor to be there in person to control the robot. Similarly, VR programs are already used to train physicians to conduct various procedures. Combining these two technologies to create VR-controlled robots allows doctors to perform remote surgeries for patients anywhere in the world.

This overcomes a major hurdle in medicine in poorer areas. Surgeons especially specialists are difficult to find because people require years of study and training to take on these professions. A robot is much easier to acquire. Hospitals could be equipped with augmented robots that could conduct surgeries with the help of a doctor halfway around the world, performing the surgery in VR. Much more development is needed to make something like this a reality, but combining VR and robots could save lives one day.

One of the most exciting benefits of combining VR and robots is the new horizons it unlocks. Some environments are simply too harsh for humans to safely or easily travel to. However, these parts of the world and even the solar system hold a wealth of potential discoveries and scientific breakthroughs. VR-controlled robots can help scientists push the boundaries of exploration.

For example, scientists are using robots to explore the deepest parts of Earths oceans. One such robot called Orpheus, developed by the Woods Hole Oceanographic Institute, can withstand the immense pressure it experiences over 20,000 feet below the oceans surface. That is much further than a human could safely dive. Soon, scientists may develop more advanced ocean exploration robots equipped with VR cameras so that scientists can explore the depths themselves from the safety of the shore.

Interestingly, this same technology might help people make first contact with alien life right here in the solar system. Astronomers hypothesize that at least two moons here contain liquid oceans Europa, a moon of Jupiter, and Titan, a moon of Saturn. Traveling to these places would take years, so a round trip would be a lifetime for the astronauts on board. However, explorers could use a VR-controlled robot to visit these worlds without leaving life on Earth behind. Ocean exploration robots developed on Earth could also be used on Europa and Titan.

Augmented robots and VR-controlled robots are changing the world every day. Scientists and engineers make breakthroughs in these technologies every year. In fact, some of these incredible innovations are already a reality. Others are not far behind. Combining AR, VR and robotics can save lives, change the world, and push the boundaries of exploration and discovery.

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5 Amazing Benefits of Combining AR, VR and Robotics | RoboticsTomorrow - Robotics Tomorrow

SP Robotics partners with McDonalds India to host a Creative-Tech Workshop for kids – ThePrint

Posted on July 8, 2022 by Danzig

New Delhi [India], July 8 (ANI/SRV): SP Robotics Maker Lab, a chain of robotics & coding learning centres across India announces its partnership with McDonalds India West and South, owned and operated by Westlife Development Ltd., to launch the Creative-Tech Workshop.

The workshop will be a 2 hour-long session that will be held at a nearby McDonalds across 40+ locations in Bangalore, Chennai and Hyderabad.

This STEAM-themed (Science Technology, Engineering, Arts and Mathematics) workshop will be loaded with fun activities for children between the age of 7 to 17.

During the workshop, the students will be provided with a take-away electronics & arts kit and taught about the basics of electronics, circuit building, LEDs, switches, and designing 4+ circuits with fun projects they can learn.

The workshop is carefully curated and aims to develop and strengthen their cognitive skills and instil the habit of practical learning in a collaborative environment. The approach helps develop cognitive abilities and aid them in the speed and quality of their problem-solving skills in children.

The objective of the STEAM workshop is to focus on logical thought processes and problem-solving allows students to develop mental habits that will help them succeed in any field.

Sneha Priya, Co-Founder of SP Robotics Maker Lab, said, Every child is curious in their own way for example, one child might be meddling with remote control cars, one child would break and explore all the electronics in the house. Now the question is how do you better mould the curiosity of these children? We want SP Robotics Maker Lab to be the platform where kids from any part of the country can enhance and develop their creative passion and help them discover themselves in a fun way. Through the workshop, students can explore science and technology, allowing them to discover their passion for the future. Teaching them in a fun and practical way is extremely important to kindle interest and passion which will also boost their problem solving and other essential skills.

SP Robotic Works, a D2C (direct to consumer) company founded by Sneha Priya and Pranavan S, raised their Series A funding of USD 3M in 2021. They have a hybrid model of learning online or from their Maker Labs (across 27 cities). It has an active community of students in the age group bracket of 7 to 17 innovating and solving problems in a practical way.

It has designed reusable learning kits, enabling children to assemble, build algorithms and see their code in action through a robot or drone, making it more exciting and fun.

The workshop will be held in Bangalore, Chennai and Hyderabad across 43 locations in nearby McDonalds starting from July. The workshop is open for students between the ages of 7-17 years old with a registration fee of INR 1,250/- per student, which includes the takeaway electronics+arts kit from SP Robotics and food from McDonalds and one can register for the workshop on the SP Robotics website (www.sproboticworks.com) or call on +91 89519 44029.

This story is provided by SRV. ANI will not be responsible in any way for the content of this article. (ANI/SRV)

This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.

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SP Robotics partners with McDonalds India to host a Creative-Tech Workshop for kids - ThePrint

MDA Names Holly Johnson Vice-President of Robotics and Space Operations Parabolic Arc – Parabolic Arc

Posted on July 8, 2022 by Danzig

BRAMPTON, ON (MDA Ltd. PR) MDA Ltd. (TSX: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, today announcedHolly Johnsonhas been appointed as the companys Vice President of Robotics and Space Operations (RSO), reporting to MDA Chief Executive Officer,Mike Greenley. Ms. Johnson stepped into the role in an acting capacity earlier this year.

With 14 years of experience at MDA, including a decade in engineering and business development and four years in corporate operations, Ms. Johnson is ideally positioned to lead the RSO business area as it accelerates through a period of tremendous growth, maximizes new commercial market opportunities, and focuses on delivering Canadarm3.

Holly has quickly established herself as a customer-centric business leader and skilled operational executive, and I am incredibly proud that we are able to tap into MDAs deep talent pool to fill this critical senior executive position, saidMike Greenley, CEO of MDA. With a strategic vision for MDA to capitalize on the growing commercial market for RSO products and services and the operational mindset to deliver Canadarm3 and multiple other programs, Holly is the right leader to take us forward.

A professional engineer (P.Eng.), Ms. Johnson earned a Bachelor of Applied Science (B.A.Sc.), Mechanical Engineering, from theUniversity of Toronto, and received the schools Early Career Award as an alumnus. She is also a recipient of the Northern Lights Aero Foundation Rising Star Award, a prestigious national honour given to outstanding women in the Canadian aviation and aerospace industry, and a past member of theBramptonBoard of Trades Top 40 Under 40.

About MDA

Serving the world from its Canadian home and global offices, MDA (TSX: MDA) is an international space mission partner and a robotics, satellite systems and geointelligence pioneer with a 50-year story of firsts on and above the Earth. With over 2,400 employees acrossCanada, the US and the UK, MDA is leading the charge towards viable Moon colonies, enhanced Earth observation, communication in a hyper-connected world, and more. With a track record of making space ambitions come true, MDA enables highly skilled people to continually push boundaries, tackle big challenges, and imagine solutions that inspire and endure to change the world for the better, on the ground and in the stars.

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MDA Names Holly Johnson Vice-President of Robotics and Space Operations Parabolic Arc - Parabolic Arc

The Robots are Taking Over Indiana! New Robotics Career Pathway Available for High School Students This Fall – Business Wire

Posted on July 8, 2022 by Danzig

CLARKSVILLE, Ind.--(BUSINESS WIRE)--Indiana Gateway Digital Academy (INGDA), a full-time, tuition-free online program of Clarksville Community School Corporation is announcing a new Automation & Robotics pathway for students in grades 9-10 starting this fall.

Everything is robots. Everything is technology. We see it every day. Classes like these will give Indiana students a head start on a great career should they choose to go down that path, said Dwight Ashley, Head of School at INGDA.

This new program will give students to chance to gain valuable career experience in the heavily competitive field of robotics while still in high school, allowing them to ascertain their career possibilities and potentially save college tuition costs down the road.

The pathway is possible thanks to an Indiana 3E Grant, which will allow INGDA students to take classes at Ivy Tech Community College campuses around the state closest to them. The courses will be funded by INGDA.

Once again, Indiana Gateway has found a creative way to expand the choices available to our students, said Lisa Render, INGDA High School Principal We started with six pathways last year and increased to 12 which include Digital Design, Engineering, Medical Assisting and Criminal Justice to Hospitality and now Automation and Robotics, we really do offer pathways to engage every student.

An online public-school program, INGDA is available tuition-free to students in grades K-12 who reside anywhere in the state. Many families and students choose INGDA because it provides an alternative to traditional brick-and-mortar education. Athletes, advanced learners, and students seeking a bullying-free environment can balance a full academic course load along with extracurricular pursuits (including competitive eSports) or medical needs.

INGDA is now accepting enrollments for the 2022-2023 school year. To learn more about INGDA and how to enroll, visit ingda.k12.com or download the Stride K12 mobile app for iOS and Android devices - where families can enroll, prepare for the first day of school, and monitor students academic progress throughout the school year.

About Indiana Gateway Digital Academy

Indiana Gateway Digital Academy (INGDA) is an online public-school program of the Clarksville Community School Corporation that serves students in grades K-12. INGDA is tuition-free and provides families the choice to access the curriculum and tools provided by K12, a Stride Company (NYSE: LRN). Stride offers learners of all ages a more effective way to learn and build skills for their future. INGDAs individualized approach gives Indiana students the chance to learn in the ways that are right for them. For more about INGDA, visit ingda.k12.com.

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The Robots are Taking Over Indiana! New Robotics Career Pathway Available for High School Students This Fall - Business Wire

Simple ways to find out what AI can do – Fast Company

Posted on July 8, 2022 by Danzig

Aside from drawing photo-realistic images and holding seemingly sentient conversations, AI has failed on many promises. The resulting rise in AI skepticism leaves us with a choice: We can become too cynical and watch from the sidelines as winners emerge, or find a way to filter noise and identify commercial breakthroughs early to participate in a historic economic opportunity.

Theres a simple framework for differentiating near-term reality from science fiction. We use the single most important measure of maturity in any technology: its ability to manage unforeseen events commonly known as edge cases. As a technology hardens, it becomes more adept at handling increasingly infrequent edge cases and, as a result, gradually unlocking new applications.

Edge case reliability is measured differently for different technologies. A cloud services uptime could be one way to assess reliability. For AI, a better measure would be its accuracy. When an AI fails to handle an edge case, it produces a false positive, or a false negative. Precision is a metric that measures false positives, and Recall measures false negatives.

Heres an important insight: Todays AI can achieve very high performance if it is focused on either precision, or recall. In other words, it optimizes one at the expense of the other (i.e., fewer false positives in exchange for more false negatives, and vice versa). But when it comes to achieving high performance on both of those simultaneously, AI models struggle. Solving this remains the holy grail of AI.

Based on the above, we can categorize AI into two classes: high-fidelity versus low-fidelity. An AI with either high precision or high recall is lo-fi. And one with both high precision and high recall is hi-fi. Today, AI models used in image recognition, content personalization, and spam filtering are lo-fi. Models required by robo-taxis, however, have to be hi-fi.

There are a few important insights about lo-fi and hi-fi AI worth noting:

A popular metric for evaluating AI reliability is the F1 score, which is a type of numeric average of precision and recall, thus measuring for both false positives and false negatives. A F1 of 100% represents a perfectly error-free AI that handles all edge cases. By our estimate, some of the best AI today perform at a rate of 99%, though a score above 90% is generally considered high.

Lets calculate the F1 score for two applications:

It is clear from the above examples that a F1 of 65% is easily achievable by todays AI, but how far away are we from an F1 of six nines?

As discussed earlier, maturity and market readiness for any technology is tied to how well it handles edge cases. For AI, the F1 score can be a useful approximation for maturity. Similarly, for previous waves of digital innovation such as web and cloud, we can use their uptime as a signal for maturity.

As a 30-year-old technology, the web is one of the most reliable digital experiences. The most mature sites such as Google and Gmail aim for 99.999% uptime (five nines), meaning the service is unavailable no more than six minutes per year. This is sometimes missed by a wide margin, such as YouTubes 62 minute disruption in 2018 or Gmails six hour outage in 2020.

At roughly half of the webs age, the cloud is less reliable. Most services offered by Amazon AWS have an uptime SLA of 99.99%, or four nines. That is an order of magnitude less than Gmail, but still very high.

A few observations:

Google engineers who left their self-driving car team to start their companies had a common thesis: Narrowly-defined applications of autonomy will be easier to commercialize than general self-driving. In 2017, Aurora was founded to move goods via long-haul trucks on highways. Around the same time, Nuro was founded to move goods in small cars and at slower speeds.

Our team also shared this thesis when we started off inside Postmates (also in 2017). Our focus has also been on moving goods but, contrary to others, we chose to leave cars behind and instead focus on smaller form robots that operate off the street: Autonomous Mobile Robots (AMRs). These are widely adopted in controlled environments such as factory floors and warehouses.

Consider red-light detection for delivery robots. While they should never cross on red given the risk of collision with vehicles, conservatively stopping on green introduces no safety risk. Therefore, a recall rate similar to robo-taxis (99.9999%) along with a modest precision (80%) would be adequate for this AI use case. This results in an F1 of 90% (one nine), which is easy to achieve. By moving from street to sidewalk and from a full-size car to a small robot, the AI accuracy required decreases six nines to one.

Delivery AMRs are the first application of urban autonomy to commercialize, while robo-taxis still await an unattainable hi-fi AI performance. The rate of progress in this industry, as well as our experience over the past five years, has strengthened our view that the best way to commercialize AI is to focus on narrower applications enabled by lo-fi AI, and use human intervention to achieve hi-fi performance when needed. In this model, lo-fi AI leads to early commercialization, and incremental improvements afterwards help drive business KPIs.

By targeting more forgiving use cases, businesses can use lo-fi AI to achieve commercial success early, while maintaining a realistic view of the multi-year timeline for achieving hi-fi capabilities. After all, sci-fi has no place in business planning.

Ali Kashaniis the cofounder and CEO of Serve Robotics.

Construction Robots Market is predicted to Expand at a CAGR of 15.3% during the Forecast Period, TMR Study – GlobeNewswire

Posted on July 8, 2022 by Danzig

Wilmington, Delaware, United States, July 07, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The value of the global construction robots market was clocked at US$ 91.2 Mn in 2021. The market is likely to expand at a CAGR of 15.3% during the forecast period, from 2022 to 2031. The global market is anticipated to attain value of US$ 359.6 Mn by 2031. In terms of use of robots in construction industry, the sector is falling behind and the sectorheavily relies on human labour. The global deployment of sophisticated construction robotics is now being driven by the demand for more economical and environmentally responsible homes with reduced environmental effects. Few construction companies now use automation, suggestingthat there is a tremendous opportunity for service providers and construction robotics companies aliketo revolutionize the sector through robotics.

Robotic technologies on construction sites significantly cut construction time and improve safety by taking over the role of construction workers byexecuting tedious or hazardous tasks, which paints a favourable future of robotics in construction. As a result of their labour-intensive modelling,intrinsic complexities, and distinctiveness, building jobs demand a lot of human effort and knowledge. The advancement of computer vision and machine learning will enable us to raise thelevelof automation of construction robots, which will help us totackle these construction-related issues. This offers lucrative growth prospects for both robotics and automation in construction industry.

Robotic systems created for construction activities, which frequently take place in dynamic conditions, are referred to as robots in the construction industry. Robotics can help reduce the need for human labour and help establish safer working conditions by automating repetitive and labour-intensive processes like loading,painting, bricklaying, and bulldozing. Additionally, robots may operate in a variety of settings around-the-clock.

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Global Construction Robots Market: Growth Drivers

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Global Construction Robots Market: Key Players

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Global Construction Robots Market: Segmentation

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Collaborative Robot Market - Collaborative Robot Market is expected to reach the value of US$ 33.95 Bn by the end of 2031, it is estimated to expand at a CAGR of 41.3% from 2021 to 2031

Industrial Robotics Market - Industrial Robotics is predicted to witness a CAGR of 9% during the forecast period from 2019 to 2027, with an estimated value of US$ 297 Bn by end of 2027.

3D Printing in Construction Market 3 D printing in construction market is expected to witness a ten-fold growth during the forecast period and reach a value of ~US$ 280 Mn by 2027.

IoT in Construction Market- The global IoT in construction market is expected to reach value of US$ 34 Bn by the end of 2031, expand at a CAGR of 16.2% from 2022 to 2031

Commercial Building Automation Market - The global commercial building automation market is expected to cross the value of US$ 76.49 Bn by the end of 2031, expand at a CAGR of 8.3% from 2021 to 2031

Construction Market - The global construction market is projected to grow at a steady CAGR of 5% during the forecast period 2019 - 2027

Industrial Automation Market - The global industrial automation market is expected to touch US$438.08 bn by 2027-end, rising up from US$227.29 bn in 2018

All Terrain Robot Market - The global all terrain robot market is projected to expand at a CAGR of 14.5% between 2019 and 2027, and reach value of US$ 540 Mn by 2027

About Transparency Market ResearchTransparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Odense Robotics and UAS Denmark International Test Center host The International Drone Show – sUAS News

Posted on July 8, 2022 by Danzig

Drone technology has a huge potential to solve tasks but many companies lack knowledge about how to apply drone technology to become more competitive and sustainable. Thats exactly what companies can learn more about at the International Drone Show 2022 on 30 August at HCA Airport in Odense, Denmark. Here, the latest drone technologies will be showcased within key application areas such as transport, logistics, surveillance, healthcare and safety.

Robots are transforming our daily lives and drones are about to follow suit. Whether its about surveillance of the Arctic, sustainable transport of people and goods or quick delivery of medicine and organs drones have the potential to become a key technology within everything from logistics and industry to defence and security, healthcare, inspection and mapping.

Denmark has become a northern European hub for the development and testing of new drone technologies, but we have only seen the top of the iceberg so far when it comes to applying drone technologies. That is why Denmarks national robot and drone cluster Odense Robotics and the national drone test center UAS Denmark Test Center will gather companies and organisations from the Danish and international drone industry at the International Drone Show 2022 (IDS) on 30th August at HCA Airport in Odense. The annual event is about showcasing drone technologys many application areas.

Drone technology has a huge potential to solve challenges in key areas such as logistics and inspection. But many companies dont know how they can leverage drone technology to become more competitive and indeed sustainable. The International Drone Show 2022 in Odense is an opportunity for companies to learn more about the latest drone technologies and the many benefits they can bring to a range of sectors, says Mikkel Christoffersen, CEO in Odense Robotics,

Denmarks national robot and drone cluster.Talks from CoolRunner and rsted

IDS 2022 zooms in on four areas where drone technology already plays a key role or is on the cusp of playing a key role, such as transport, industrial applications and artificial intelligence.

Visitors will be able to see live demos and drone flights as well as hear inspirational talks from research scientists and drone companies from Denmark, the United Kingdom and the United States. Talks will provide insight into the latest technologies and cases on topics such as 5G-drones, freight drones carrying up to 200 kilos and radar systems designed to spot terror drones.

Drone technology has a huge potential just like robotics, as we know it today. IDS 2022 is all about demonstrating this potential and the many opportunities for a range of sectors in drone technologies, says Michael Larsen, Head of UAS Denmark Test Center.

Speakers include CoolRunner, sister company to Coolshop, that will talk about how they include drones in their lien-haul concepts. rsted will talk about their use of drones today and in the future.

Contact

For interviews with Mikkel Christoffersen, CEO of Odense Robotics, contact Eva Juul Langlands,Head of Communications: [emailprotected] / +45 30 71 81 23.Michael Larsen, Head of UAS Denmark Test Center: [emailprotected] / 25 50 53 01.

Facts about drones According to the Drone Market Report 2021-2026 published in 2021, the global commercial market for drones excluding drone solutions for defence will increase by 9.4% annually reaching an estimated EUR 39 billion in 2026. According to IRIS Groups analysis Autonomous Technologies published in 2021, there are around 150 people employed on Funen in the drone industry an increase of 250 % in four years. Since 2015, the University of Southern Denmark has attracted EUR 53 million in drone research funding.

Facts about the International Drone Show 2022

Arranged by Odense Robotics and UAS Denmark Test Center Tuesday 30 August 8am-4pm at HCA Airport in Odense, Denmark. On Monday 29 August there will be a networking dinner. On Wednesday 31 August there will be an event for investors and drone companies. Read more at http://www.odenserobotics.dk/events/international-drone-show-2022/

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Odense Robotics and UAS Denmark International Test Center host The International Drone Show - sUAS News

Outlook on the $501 Million Medical Disinfection Robots Global Market to 2029 – by Type, End-user and Region – ResearchAndMarkets.com – Business Wire

Posted on July 8, 2022 by Danzig

DUBLIN--(BUSINESS WIRE)--The "Medical Disinfection Robots Market Analysis by Type (Ultraviolet Light, Hydrogen Peroxide Vapor), by End User (Commercial, Residential, Industrial, Healthcare), and by Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The global medical disinfection robots market size is estimated to be USD 501 million in 2020 and is expected to witness a CAGR of 37.21% during the forecast period.

Companies Mentioned

Infiltration of robotics in household and medical appliances is a key driver for the growth of the global medical disinfection robots market. Additionally, increase in labour costs and safety concerns due to COVID-19 and compacted size with self-charging competence are some of the other drivers propelling the market growth. Nevertheless, high cost of private cleaning robots, decrease in consumer expenditure due to COVID-19, and effectiveness of cleaning robots are expected to restrain the global market growth.

By Type

Based on type, the market is segmented into ultraviolet light, hydrogen peroxide vapor, and others. In 2020, the ultraviolet light segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is attributed to growing application of autonomous robots for the COVID pandemic worldwide. Hydrogen peroxide vapor segment projected to grow at a profitable CAGR during the forecast period. This is attributed to the new product launches by leading players is further expected to strengthen the market growth.

By End User

Based on end user, the market is categorized into commercial, residential, industrial, healthcare, and others. In 2020, the healthcare segment accounted for the substantial revenue share with lucrative CAGR during the forecast period. This is due to spread of COVID-19 pandemic worldwide. The residential segment is anticipated to grow at a profitable CAGR during the forecast period, due to the technical advancements that is resulting in increased application of these robots in the residential end user segment.

Regional Insights

In 2020, North America accounted for the highest revenue share in the global market and is expected to maintain its dominance during the forecast period. This is attributed to the presence of major players in the region, growth in initiatives from government, accessibility of technological advanced products in the region. Asia Pacific market is projected to exhibit the fastest CAGR over the forecast period owing to the growing disposable income amongst the consumers, growing government and corporate investment in healthcare sector are the major factors in this region.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029.

The medical disinfection robots market report is categorized into the following segments and subsegments:

Medical Disinfection Robots Market, By Type (Revenue, USD Million, 2021 - 2029)

Medical Disinfection Robots Market, By End User (Revenue, USD Million, 2021 - 2029)

Medical Disinfection Robots Market, By Region (Revenue, USD Million, 2021 - 2029)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/j0y8uk

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Outlook on the $501 Million Medical Disinfection Robots Global Market to 2029 - by Type, End-user and Region - ResearchAndMarkets.com - Business Wire

Global Coatings and Application Technologies for Robotics Market 2022: Growth Assesment By Key Manufacture Akzo Nobel, Axalta Coating Systems, PPG…

Posted on July 8, 2022 by Danzig

The detailed analysis of the global Coatings and Application Technologies for Robotics market delivers key insights on the changing industry dynamics, value chain analysis, leading investment pockets, competitive scenarios, regional landscape, and crucial segments. It also offers an extensive inspection related to the driving and restraining ingredients for the global Coatings and Application Technologies for Robotics market. Additionally, explains the superior data about the working strategies and growth prospects of the global Coatings and Application Technologies for Robotics market. This will help industry players, policymakers, stakeholders, investors, and new aspirants to grab innovative opportunities, uncover important strategies, and also accomplish a competitive edge in the global Coatings and Application Technologies for Robotics Industry.

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Vital Players covered in the Coatings and Application Technologies for Robotics Market report:

Akzo NobelAxalta Coating SystemsPPG IndustriesThe Sherwin Williams CompanyHMG Paints LimitedThe Lubrizol CorporationYashm Paint & Resin IndustriesU.S. Paint CorporationKansai PaintBernardo EcenarroNippon Paint Holdings

Product Types of the Coatings and Application Technologies for Robotics market are as follows:

PolyurethanesAcrylicsAlkydPolyesterEpoxy

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HealthcareAgricultureMiningManufacturingConstruction

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North America Market(United States, Canada, North American country and Mexico),Europe Market (Germany, Coatings and Application Technologies for Robotics France, UK, Russia and Italy),Asia-Pacific Market (China, Coatings and Application Technologies for Robotics Japan and Korea, Asian nation, India and Southeast Asia),South America Market (Brazil, Argentina, Republic of Colombia etc.),Middle East & Africa Market (Saudi Arabian Peninsula, UAE, Egypt, Nigeria and South Africa)

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It demonstrates the overall competitive landscape of the global Coatings and Application Technologies for Robotics market. Revenue produced by each segment of the Coatings and Application Technologies for Robotics market by 2029. It covers different industrial factors that are anticipated to drive and generate newer opportunities in the Coatings and Application Technologies for Robotics market. The report on the Coatings and Application Technologies for Robotics market also illustrates several strategies to climb sustainable growth of the Coatings and Application Technologies for Robotics industry. It displays the tactics used by the leading players and product offerings. Exhibits geographical regions that would develop excellent business opportunities during the predicted timeframe from 2022 to 2029. The global Coatings and Application Technologies for Robotics market report covers, revenue shares, sale assessment, gross margin, historical growth analysis, and upcoming perspectives in the Coatings and Application Technologies for Robotics market.

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Global Coatings and Application Technologies for Robotics Market 2022: Growth Assesment By Key Manufacture Akzo Nobel, Axalta Coating Systems, PPG...

Protest in Karachi over blasphemous Wi-Fi name – ThePrint

Posted on July 8, 2022 by Danzig

Karachi [Pakistan], July 2 (ANI): Scores of people protested in a market of mobile phones in Pakistans Karachi city over a blasphemous text that appeared on several cell phones due to a Wi-Fi device installed at the market.

The protest erupts in the Saddar area of Karachi on Friday and lasted for atleast five hours, The News International reported.

According to police, some people had mischievously chosen the blasphemous text as the name of the Wi-Fi router. The protesters torched and damaged stalls and banners of the company.

News International reported that they detained 22 people including the office staff of a private company.

Blasphemy arrests and mob violence continue to escalate in Pakistan as blasphemy laws are leading to the erasure of atheist identities.

Pakistan is among one of 32 Muslim-majority countries that impose harsh penalties for blasphemy, apostasy, or atheism, and one of 12 that punishes these crimes with death. The atheists, agnostics, and other dissenters of Islam in the country are fast losing their safe spaces online, which they had built to dodge the institutionalized threats engulfing them, media reports stated.

After the Pakistan Electronic Crimes Act (PECA) in 2016 co-opted the harsh clauses of the Pakistan Penal Code, blaspheming online became a capital crime.

In 2017, immediately after passing PECA, Pakistan issued its first death sentence for digital blasphemy. The same year, the state launched a crackdown on online dissent and atheism, urging the masses to report blasphemers, going so far as to abduct and torture activists and bloggers for dissent against the military establishment and Islamic hegemony.

Since Islamic hegemony helps the state, especially the all-powerful military and radical Islamist groups, maintain its autocratic control, it has been in the rulers interest to silence all forms of dissent, DailyDot reported, citing sources.

However, some Pakistani atheists believe that their free-thinking kin will hopefully have their day.

Prevention of Electronic Crimes Act (PECA) law goes on to intimidate Pakistans marginalized communities by giving power to those who are reigning in the top powers. The Pakistan government has also urged Facebook and Twitter to help in identifying the blasphemers on their platforms and has also issued warnings to cell phone users, regarding the perils of sending blasphemous texts by the PTA. (ANI)

This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.

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Protest in Karachi over blasphemous Wi-Fi name - ThePrint

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