CORAL SPRINGS, Florida, October 13, 2015 /PRNewswire/ --
A recent report issued by Allied Market Research indicates the robotics market, which was valued at $26.78bn in 2012, will continue to grow at a Compound Annual Growth Rate (CAGR) of 5.4% annually for the forecast period of 2013 - 2020. Companies with plans for significant penetration of industrial robotics as products are Great Rock Development's (OTC: GROC), Google Inc. (NASDAQ: GOOG), iRobot Corp. (NASDAQ: IRBT), Accuray Incorporated (NASDAQ: ARAY) and International Business Machines Corporation (NYSE: IBM)
Great Rock Development's (OTC: GROC) wholly owned subsidiary Cyberworks Robotics announces a return to the Robotic Industrial Cleaning market. As the world's oldest autonomous mobile robotics engineering company, with over 30 years' of pioneering experience, Cyberworks has again revolutionized autonomous robotic vision and guidance systems. This time redefining the way industrial space will be cleaned.
Read the full GROC Press Release at http://www.financialnewsmedia.com/profiles/groc.html
"We were the pioneers in this massive market decades ago" explained Vivek Burhanpurkar, President of Great Rock. , "Some 25 years ago Cyberworks worked with major companies in this industry to manufacture and sell Autonomous Robots for Industrial cleaning" added Burhanpukar. In the United States alone, commercial cleaning is a $25 billion dollar a year "invisible niche industry" where 50% of costs are attributable to labor. Said Burhanpurkar, "We are not interested in the consumer market where products like Roomba dominate. The industrial market is a totally different animal and we know the major multinational players within it." "We created this market, in Partnership with leading industrial companies, when we developed the world's first industrial robotic sweeper and the technology we have today is once again years ahead of the competition. Industry participants will now be able to retro-fit the Cyberworks Guidance System into existing fielded equipment, creating an inexpensive robotics machine" explained Burhanpurkar.
In other robotics advancements and recent developments: Google (NASDAQ: GOOG) is officially trading as Alphabet, meaning that companies falling outside of the tech giant's core businesses (Robots! Drones!) now have more breathing room to operate independently and move faster. There have been reports that Google will create a separate branch for robotics under the newly formed Alphabet. This isn't a huge surprise, since most of their robotics companies already operate within one division: Google X. Read the full article at http://www.techinsider.io/the-coolest-robots-google-turned-alphabet-is-working-on-2015-10
iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, recently announced its Defense & Security business unit has been awarded two indefinite delivery/indefinitely quantity (IDIQ) contracts with a combined total ceiling of $96 million from the Naval Surface Warfare Center, Indian Head Explosive Ordnance Disposal Technology Division. Initial orders under the contracts have been placed and total $7.9 million.
Accuray Incorporated (NASDAQ: ARAY) and RaySearch Laboratories AB announced recently that they have expanded on their existing relationship with the signing of a new long-term collaboration agreement which will lead to the integration of treatment planning support for the TomoTherapy® and CyberKnife® Systems in the RayStation® treatment planning system (TPS). RayStation is one of the most advanced independent treatment planning systems available and will provide an ideal complement to the unique Accuray treatment delivery systems, enabling customers to choose the delivery technology that will best meet their needs. Accuray and RaySearch previously announced a long-term collaboration regarding the RayCare® oncology information system.
International Business Machines Corp (NYSE: IBM) Breaks New Ground With Cognitive Computing Unit -Thanks in large part to a nice run this past week, IBM's stock price has slowly inched up about 6% so far in October, as of this writing. However, its recent gains have simply eased IBM's year-to-date stock-price declines, which now sit at about 5%. The problem appears to be the unwillingness of investors to look past the notion that IBM is no longer all about PCs and hardware. Hardware and software sales both dropped double digits last quarter, which of course plays right into the hands of IBM naysayers; but that will almost certainly change before long. The "new" IBM is all about CEO Ginni Rometty's "strategic imperatives," consisting of cloud services, business analytics (which houses its super-computer Watson), security, social media, and mobile solutions. IBM has recently added one more item to its list of strategic imperatives, and it could prove to be another winner. Read the full article at http://www.fool.com/investing/general/2015/10/12/international-business-machines-corp-breaks-new-gr.aspx?source=eogyholnk0000001&utm_source=yahoo&utm_medium=feed&utm_campaign=article
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