August 27, 2016 8:43 PM 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

Phone:

617-500-2487

Fax:

617-812-0448

Key Executives for Rethink Robotics, Inc.

Chief Executive Officer and President
Founder, Chairman of the Board and Chief Technology Officer
Age: 61
Co-Founder and Vice President of Administration & HR
Vice President of Manufacturing and Operations
Vice President of Product Development
Compensation as of Fiscal Year 2016.

Rethink Robotics, Inc. Key Developments

Rethink Robotics Announces Four Major Distribution Partnerships

Rethink Robotics announced four major distribution partnerships with leading automation providers around the globe. Humarobotics in France, Active8 Robots Ltd. and Cobotix Ltd.in the U.K., and iCobots in Israel will help manufacturers gain flexibility and improve production processes by deploying Rethink's smart, collaborative Sawyer robot. These new partnerships further expand Rethink's global network of distributors after the company signed recent agreements with leading automation providers in Germany, China, Japan, and Mexico.

Donnelly Custom Manufacturing Simplifies Complexity with Rethink Robotics' Baxter

Donnelly Custom Manufacturing is leveraging Rethink Robotics' two-armed Baxter robot for flexible automation at its facility in Alexandria, Minn. Donnelly's focus is on short-run injection molding for customers with low to medium volumes, as well as an array of related engineering and manufacturing services. This requires a high level of flexibility and agility to deliver on vital customer needs and expectations. Two Baxter robots have been deployed on the manufacturing floor to perform tasks that are often both time-consuming and repetitive, but must be performed without error. This frees up Donnelly's employees to focus on more value-producing tasks and activities. Robots are integrated to perform tasks such as removing parts from a conveyor belt and stacking each part on customized stacking devices, as well as counting and packing finished products for shipment to customers.

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.

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