Machine Design
  • Resources
  • Members
  • Directory
  • Webinars
  • WISE
  • CAD Models
  • Advertise
    • Search
  • 3D Printing & CAD
  • AUTOMATION & IIOT
  • Robotics
  • Motion Systems
  • Materials
  • Video
  • Data Sheets
  • Topics
    Industry Markets3D Printing & CADAutomation & IIoTFastening & JoiningMaterialsMechanical & Motion Systems Medical DesignRobotics
    Resources
    Machine Design ResourcesWISE (Workers in Science & Engineering)Company DirectorySearch Data SheetsContributeDigital Edition ArchivesCSIA Exchange
    Members
    ContentBenefitsSubscribe
    Advertise
    https://www.facebook.com/MachineDesignMagazine/
    https://www.linkedin.com/company/10998894
    https://twitter.com/MachineDesign
    https://www.youtube.com/channel/UCXKEiQ9dob20rIqTA7ONfJg
    Universal Robots and ROBO Global ring the closing bell at the NYSE.
    1. Mechanical & Motion Systems

    Groundbreaking Moment as a Robot Closes the NY Stock Exchange

    Oct. 22, 2018
    The UR5e robot arm from Universal Robots is the first “cobot” to ring the NYSE bell, marking the rapid growth of collaborative robotics within the industrial automation market.

    Last Wednesday, Oct. 17, traders on the floor of the New York Stock Exchange (NYSE) were treated to a first-ever experience: A collaborative robot (cobot) rang the day’s closing bell. The cobot was Universal Robots’ UR5e with a two-finger gripper from Robotiq.

    This particular ceremony celebrated the five-year anniversary of ROBO Global, the first-ever robotics, automation, and AI index. Having launched in October 2013, it currently invests into more than 80 companies across the globe, including 12 subsectors ranging from manufacturing to healthcare.

    Despite the sudden departure of Rethink Robotics, which was one of the leaders in the cobot market, the cobot industry remains the fastest-growing sector of the industrial automation market. By 2025, the cobot market is expected to grow 34% in sales, according to the International Federation of Robotics.

    Www Machinedesign Com Sites Machinedesign com Files Ur Rings Image 2

    The UR5e was used to ring the bell with the help of a gripper from Robotiq. 

    Universal Robots was the first to sell a commercially viable cobot in 2008. It still leads the market with more than 60% global share, and recently sold its 25,000th cobot. “We have long admired UR as a pioneer and global leader in the collaborative robotics market,” said 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.”

    Universal Robots was founded in 2005 by the company’s CTO Esben Østergaard and is the receipent of the Engelberger Award Winner. The company, which is part of Teradyne Inc., is headquartered in Odense, Denmark, with subsidiaries and regional offices in the United States, Germany, France, Spain, Italy, the Czech Republic, Turkey, China, India, Singapore, Japan, South Korea, Taiwan, and Mexico.

    The video below captured the moment of the UR cobot ringing the bell.

    Www Machinedesign Com Sites Machinedesign com Files Source Esb Looking For Parts Rev Caps

    Continue Reading

    5 Ways Cobots Are Boosting the Efficiency of Automotive Manufacturing Processes

    Cobots Double Weld Grinding Efficiency Without Replacing Human Know-How

    Sponsored Recommendations

    Smart Factory Solutions that Connect and Protect from Amphenol RF

    Nov. 28, 2023

    Stay Connected and In Control of Your Future Factories with Littelfuse

    Nov. 28, 2023

    Turn to NKK Switches for the Widest Range of Industrial-Savvy Electromechanical Switches

    Nov. 28, 2023

    Unlocking Operational Flexibility in Manufacturing with Industria IoT

    Nov. 28, 2023

    Voice your opinion!

    To join the conversation, and become an exclusive member of Machine Design, create an account today!

    I already have an account

    New

    A Beginner’s Guide to Design Failure Mode and Effects Analysis (DFMEA)

    Deliver Robust Automated Systems Through Servo Maintenance

    How a Connected World Requires Product Adaptation and Faster Time-to-Market

    Most Read

    For Better or For Worse, Multimodal AI Cultivates New Frontiers

    Brushed vs Brushless Motors: Which is Best for your Application?

    Why it’s Time to Replace Hydraulic and Pneumatic Actuators with Electric Cylinders

    Sponsored

    The Altech Full Line of Terminal Blocks

    Push-In Terminals versus Other Types of Connections

    Foot Switches

    Machine Design
    https://www.facebook.com/MachineDesignMagazine/
    https://www.linkedin.com/company/10998894
    https://twitter.com/MachineDesign
    https://www.youtube.com/channel/UCXKEiQ9dob20rIqTA7ONfJg
    • About Us
    • Contact Us
    • Advertise
    • Do Not Sell or Share
    • Privacy & Cookie Policy
    • Terms of Service
    © 2023 Endeavor Business Media, LLC. All rights reserved.
    Endeavor Business Media Logo