Electronic Equipment, Instruments and Components
Company Overview of Rethink Robotics, Inc.
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
Founded in 2008
Key Executives for Rethink Robotics, Inc.
Chief Executive Officer and President
Founder, Chairman of the Board and Chief Technology Officer
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 and Sumitomo Heavy Industries, Ltd. Announce Exclusive Distribution Partnership in Japan
Nov 19 15
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
Nov 3 15
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.
Rethink Robotics Forms Channel Distribution Agreements with Nexon Automation and InterLatin in Mexico
Oct 15 15
Rethink Robotics announced formal channel distribution agreements with Nexon Automation and InterLatin in Mexico, signaling expansion into a new market for the company. Both the Sawyer and Baxter robots will be sold to manufacturers in Mexico, helping companies improve production processes by implementing flexible and affordable automation. After announcing the availability and global deployment of Sawyer, its new high-performance collaborative robot, last month, Rethink Robotics plans to continue developing distribution partnerships with highly qualified organizations across the globe as the company expands internationally.
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