Ford Motor Company acquires stake in Robotic Workspace Technologies RWT
Ford Motor Company acquires stake in Robotic Workspace Technologies (RWT™)
Keywords: Ford, Robots, Controller
Ford Motor Company has invested in RWT's Technology to provide the basis to meet cost savings objectives.
Robotic Workspace Technologies (RWT™), a Fort Myers, Florida-based leading edge developer of software for manufacturing and production automation becomes a strategic partner with Ford Motor Company.
"Ford actively looks for synergies between strategic partners for the purpose of helping their businesses grow and increase' profitability. Ford's venture capital interests include businesses that cater exclusively to automakers as well as tech firms with more broad-based applications. RWT's true open architecture, Universal Robot Controller™ (URC™) and RobotScript®its universal programming language can make new and used robots employed in the automotive industry more efficient, and long-lived", said Chris Johnson, who manages Ford's Technology Venture Fund. Walter Weisel, President and CEO of RWT™,adds, "The combination of the URC™ and RobotScript® allows customers to upgrade automated manufacturing systems without scrapping existing capital equipment. Recognizing these advantages, Ford Motor Company made a strategic capital investment in RWT™.
"Ford was an early adopter of robotics. It should not be a surprise that Ford realized early the value of keeping robots running rather than always buying new", said Joseph F. Engelberger, the industry's recognized Father of Robotics. "The first Unimate 001 put in 100,000 hours before retiring to the Smithsonian. Had RWT™ been active then, Unimate 001 might still be on the job."
For further information contact Robotic Workspace Technologies Inc., 16266 San Carlos Boulevard, Fort Myers, FL 33908, USA. Tel: 941 466 0488; Fax: 941 466 7270; E-mail: info@rwt.com; Web site: www.rwt.com
