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February 09, 2016 6:11 AM ET

Electronic Equipment, Instruments and Components

Company Overview of Rethink Robotics, Inc.

Company Overview

Rethink Robotics, Inc. develops and produces industrial robots that help businesses in manufacturing, automation, and outsourcing applications. Rethink Robotics, Inc. has a strategic alliance with Sonoco Alloyd. The company was formerly known as Heartland Robotics, Inc. and changed its name to Rethink Robotics, Inc. in June 2012. Rethink Robotics, Inc. was founded in 2008 and is based in Boston, Massachusetts.

27-43 Wormwood Street

Boston, MA 02210

United States

Founded in 2008





Key Executives for Rethink Robotics, Inc.

Chief Executive Officer and President
Founder, Chairman of the Board and Chief Technology Officer
Age: 60
Co-Founder and Vice President of Administration & HR
Vice President of Manufacturing and Operations
Vice President of Product Development
Compensation as of Fiscal Year 2015.

Rethink Robotics, Inc. Key Developments

Rethink Robotics Announces Distribution Partnership with Freise Automation and HAHN Robotics

Rethink Robotics announced exclusive distribution partnerships with automation providers in Germany to continue the global expansion of the company. Freise Automation and HAHN Robotics will deliver Sawyer to the German manufacturing community, helping companies improve production processes and implement flexible and affordable automation.

Rethink Robotics and Sumitomo Heavy Industries, Ltd. Announce Exclusive Distribution Partnership in Japan

Rethink Robotics announced an exclusive distribution agreement with Sumitomo Heavy Industries, Ltd., to market, service and sell Rethink's Sawyer robot to the Japanese manufacturing community. Sawyer will be sold to manufacturers in Japan through Sumitomo's distribution channels, helping companies improve production processes by implementing flexible and affordable automation.

Rethink Robotics Announces Distribution Agreement with Shanghai Electrical Automation Design Research Institute

Rethink Robotics announced a distribution agreement with a Chinese firm to sell its newest robot, Sawyer, in China. The agreement with Shanghai Electrical Automation Design Research Institute Co., a division of Shanghai Electric, could help ease China's labor shortage woes, which have become increasingly prevalent in the Chinese manufacturing sector. At $29,000 per unit, and a five-year life span, manufacturing plants facing labor shortages will use Sawyer to perform simple tasks quickly and efficiently. Robots like Sawyer could help China reach its goal to be the world's leader in manufacturing of all kinds by 2049.

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