Meet Your New Coworker: A Humanoid Robot Named Apollo
Vancouver, BC
|
September 06, 2023 01:31 PM Eastern Daylight Time
Austin-based tech startup Apptronik just unveiled Apollo, a humanoid robot designed to transform the industrial workforce. Standing at 5 feet, 8 inches tall, and weighing 160 pounds, Apollo has the ability to lift 55 pounds and is designed to perform menial tasks in the logistics and manufacturing industries.
According to co-founder and CEO of Apptronik Jeff Cardenas, we need to fundamentally change the way we think about work, particularly in the warehouse and the supply chain, as labor challenges and employment trends continue to impact our economy.
"People don't want to do robotic, physically demanding work in tough conditions and they shouldn't have to. Humanoid robots are not just an answer to this challenge, they are a necessity – and because of our deep robotics lineage, Apollo is uniquely positioned to quite literally step in and make an impact," he added.
While Apptronik's initial focus is on case and tote handling solutions in the logistics and manufacturing industries, the company said Apollo is a general-purpose robot designed to work in the real world with the ability to eventually move into construction, oil and gas, electronics production, retail, home delivery, elder care, and countless other industries.
Ash Sharma, Managing Director at Interact Analysis, highlighted the burgeoning demand for robotic solutions in logistics due to labor shortages, noting that billions are being invested to implement robots to help pick, move, and sort goods through warehouses across the world.
According to a Goldman Sachs report published last November, humanoid robots could be economically viable in warehouse settings between 2025 and 2028 and in consumer applications between 2030 and 2035.
Spearheading the Rise of Autonomous Security Robots
In the battle against escalating crime rates, technology presents an avenue to bolster safety and security. While humanoid robots like Apollo are groundbreaking, security robots are carving their niche, promising to be a robust deterrent against crime. It's expected that by 2030, the global security robot market will skyrocket to an estimated $31.08 billion, with an impressive compound annual growth rate of 12.8%.
At the helm of this transformative movement is Silicon Valley-based Knightscope, Inc. (NASDAQ:KSCP). Founded in 2013, Knightscope stands as a testament to the fusion of autonomy, robotics, artificial intelligence, and electric vehicle technology. Their autonomous security robots (ASRs) serve a simple yet vital purpose: deter, detect, and report. With an astounding 2.3 million hours under its belt in real-world operations, Knightscope's tech prowess has been proven in the field
The acquisition of CASE Emergency Systems in 2022 marked a pivotal moment for Knightscope. This move not only amplified the company’s capabilities but also brought in significant revenue growth. The company boasts an impressive clientele, including the New York Police Department (NYPD), New York City Fire Department (FDNY) and the Orange County Transportation Authority (OCTA).
Throughout the year, Knightscope secured several substantial deals, including a $1.25 million contract for 145 devices with Rutgers, The State University of New Jersey; a pilot contract with the New York Police Department (NYPD) for a K5 robot designated for patrolling a Manhattan subway station.
Another significant achievement was the successful deployment of Knightscope's first two K1 Hemisphere ASRs in Hawaii. This deployment marks the end of the product development process—client testing. Knightscope has begun a rigorous evaluation process in collaboration with a globally recognized brand specializing in full-service hotels and resorts.
The deployment of a K5 in Ohio has attracted national attention, further demonstrating the company's influence and establishing Knightscope's position as a significant participant in the growing field of security technology.
Underpinning their successes is the vision and leadership of Knightscope CEO, William Santana Li. His optimism was palpable during the 2Q 2023 update, where he shared, “In the first six months of 2023, we've reported a revenue of $6.4 million. This projects an over $12 million annual revenue, doubling our figures from the previous year. The Rise of the Robots is not a future prospect—it's our reality.”
To delve deeper into Knightscope's innovations and projects, readers can visit the provided link or explore the 'Rise of the Robots' on Knightscope's official website.
Disclaimer
1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.
2) The Article was issued on behalf of and sponsored by, Knightscope, Inc. Market Jar Media Inc. has or expects to receive from Knightscope, Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) two hundred and sixty-six thousand USD for 89 days (63 business days).
3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.
4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com.
5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.
6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Knightscope, Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Knightscope, Inc.’s industry; (b) market opportunity; (c) Knightscope, Inc.’s business plans and strategies; (d) services that Knightscope, Inc. intends to offer; (e) Knightscope, Inc.’s milestone projections and targets; (f) Knightscope, Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Knightscope, Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Knightscope, Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Knightscope, Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Knightscope, Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Knightscope, Inc.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Knightscope, Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Knightscope, Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Knightscope, Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Knightscope, Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Knightscope, Inc.’s business operations (e) Knightscope, Inc. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Knightscope, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Knightscope, Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Knightscope, Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Knightscope, Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Knightscope, Inc. or such entities and are not necessarily indicative of future performance of Knightscope, Inc. or such entities.
8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation.
Contact Details
James Young
+1 800-340-9767
Company Website
