IN THE NEWS… New Scale Robotics was featured in the August 21, 2020 issue of the Rochester Business Journal.
The article discusses how the company grew as a natural offshoot of New Scale Technologies, a company with a long history and deep expertise in creating precision motion systems for industrial, scientific and commercial instruments. It explains why New Scale considers its robotics division to be a strategic growth opportunity.
It’s an industry that has the potential to go gangbusters. Market analysts suggest that the global collaborative robot market could grow from roughly $981 million in 2020 to $8 billion by 2026, with a compound annual growth rate of more than 40 percent over the next six years.
New Scale founder and CEO David Henderson explained the value of collaborative robots to small-batch, high-mix manufacturers.
“It used to be that automating a manufacturing floor would carry a minimum investment of $1 million. With new technology and the use of collaborative robotics, business owners now can invest one-tenth that amount,” Henderson said. “What that means is this [Q-Span System] workstation costs about as much as hiring a person for a year… So you’re looking at payback times that are less than a year.”
Add to that increased productivity and flexibility and it’s a win/win, particularly for small and medium sized enterprises that previously were left out in the cold because of the cost constraints of automation equipment.
About New Scale Robotics
New Scale Robotics (www.newscalerobotics.com) makes smart automation tools and systems for flexible manufacturing. Our products integrate with small collaborative robots to make automation affordable for small- and mid-sized companies. We solve problems requiring intricate part handling and precision part measurement, emphasizing plug-and-play simplicity with fast and flexible setup.
A division of New Scale Technologies, Inc., we have more than 15 years of experience and numerous patents in micro motor and motion control system development. Our electro-mechanical systems feature unmatched miniaturization, micrometer-scale resolution, and fully-integrated microelectronics with intelligent firmware. Our customers benefit from high performance, superior ease of use, and fast system integration.