Universal Robots’ UR5e rings the closing bell on the New York Stock Exchange
The Danish company was on hand at the NYSE to celebrate the fifth anniversary of ROBO Global.
In a most unusual product demo, Universal Robots or more specifically the UR5e collaborative robot recently rang the closing bell on the New York Stock Exchange (NYSE).
Equipped with a two-fingered gripper manufactured by Robotiq, Universal Robots was at the NYSE to celebrate the five-year anniversary of ROBO Global, the first-ever robotics, automation and AI index launched in October 2013. ROBO invests in more than 80 of the most innovative companies across the globe, spanning 12 sub-sectors from manufacturing to healthcare to sensing.
“We have long admired UR as a pioneer and global leader in the collaborative robotics market,” says Travis Briggs, CEO of ROBO Global U.S. “Since acquiring UR in 2015, Teradyne has been a key growth driver in the ROBO Global Index. We are thrilled that Teradyne generously agreed to join the ROBO Global team for this one-of-a-kind NYSE bell ringing.”
According to the International Federation of Robotics (IFR) Cobots are now the fastest growing segment of industrial automation, expected to jump ten-fold to 34% of all industrial robot sales by 2025. Universal Robots (UR) pioneered the market by selling the first commercially viable cobot in 2008 and has kept its early frontrunner position with a 60% global share of the cobot market, selling more cobots than all competitors combined. Earlier this year, UR announced the sale of its 25,000th cobot.
Representing UR and Teradyne was Stuart Shepherd, Regional Sales Director of UR’s Americas Division. “With this event, we celebrate not just the success of robotics in empowering customers and investors, but also the successes of our customers in innovating and changing their workplace with cobots,” he says. “The bell ringing reflects our continued commitment towards making cobots an easy-to-integrate piece of a company’s operations platform.”