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New Venturist Blog series on Robotics Features Seegrid
New Venturist Blog series has Robotics Features on Seegrid and their products
Carryer explained, Seegrid, named for “See” (vision-guided)
Value proposition. Forklifts are used to move pallets. Why take the guy off of the forklift? The first reason is monetary: three-quarters of the cost of running the forklift is labor. The second reason is safety. Driving around that equipment is dangerous. The accident rate is so high that workers’ comp is two-thirds of the direct labor of these people. The third reason is operational tempo or intensity. To increase productivity you have to remove the limitations that a person brings to the job. You have to radically change the tempo of the truck and the activity. You can’t accomplish those with people; you need machines. That’s the value of robots.
Market. The forklift industry is a $38B/year, the labor to drive the forklifts in $120B/year. Together, they make up a very large opportunity for automating those same forklifts. The forklift industry sells about 1M units per year. Of these, we can assume only a percentage will be converted to robotic, unmanned vehicles. There are less than 3,000 such automated vehicles in use today. But the number is increasing so the market is on an upswing of demand.
According to Pittsburgh-based Seegrid Corp. (www.seegrid.com)