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    ABBN   CH0012221716

ABB LTD

(ABBN)
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ABB : partners with start-up Sevensense to drive next generation autonomous mobile robots

11/18/2021 | 03:12am EST
  • ABB invests in Swiss start-up and ETH Zurich spin-off Sevensense Robotics (Sevensense), a leading provider of artificial intelligence (AI) and 3D visual technology
  • Integrating Sevensense AI and navigation technology will enable future autonomous mobile robots (AMR) to work in more dynamic, unstructured environments

ABB is entering into a strategic partnership with Swiss-based start-up Sevensense, founded in 2018 as a spin-off from ETH Zurich, to enhance ABB's new autonomous mobile robotics (AMR) offering with artificial intelligence (AI) and 3D vision mapping technology. The technology will offer customers unprecedented levels of flexibility as mobile robots will be able to navigate autonomously in complex, dynamic indoor and outdoor environments close to people.

The partnership is another important step in ABB's strategy to drive the next generation of flexible automation and expand ABB's robotics and automation portfolio, following its acquisition of ASTI Mobile Robotics, a leading global AMR manufacturer, announced in July 2021. The partnership includes a minority investment in Sevensense through ABB's venture capital unit, ABB Technology Ventures, which is expected to close by the end of November 2021.

"Building on our acquisition of ASTI Mobile Robotics earlier this year, our partnership with Sevensense is another milestone in our efforts to fully unlock flexible automation for our customers," said Sami Atiya, President of ABB Robotics & Discrete Automation. "Integrating Sevensense's AI and 3D mapping technology with our AMR offering will help accelerate the replacement of today's linear production lines with fully flexible networks. Our vision of the future workplace is one in which AMRs move materials, parts and finished products between smart workstations in increasingly unstructured, dynamic work environments and our partnership with Sevensense is an important step in realizing that vision."

The Sevensense navigation technology uses advanced computer vision and AI algorithms to create a 3D map that is more accurate than today's 2D solutions, leading to superior navigation capabilities, and more cost-effective solutions than laser scanner-based navigation. An AMR equipped with 3D Simultaneous Localization and Mapping (SLAM) technology will be able to accurately interpret its environment, identify a person, a pallet or another robot and autonomously make decisions to navigate around these obstacles. This level of intelligence will enable safer human-machine interactions and ensure material flows around factories and warehouses are safe and efficient for maximum flexibility and productivity.

Gregory Hitz, CEO of Sevensense Robotics, said: "This is a great step for us, coming at the right time. Partnering with ABB lays the foundation for a long-term collaboration, while retaining our complete independence as a business. It allows us to mutually benefit from our expertise and create the best product for all of our customers in the long run. At the same time, the investment by ABB gives us planning security. We are very much looking forward to lifting our technology to a global scale and establishing Sevensense at the top of AI supported vision and navigation companies globally."

ABB will integrate Sevensense's soft- and hardware technology into ABB's AMR offering, with pilot customer projects planned in 2022.

Sevensense was selected to partner with ABB Robotics after participating in the 2021 ABB Robotics Innovation Challenge, which evaluated the performance of a range of Visual SLAM solutions from multiple global technology businesses.

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB's success is driven by about 105,000 talented employees in over 100 countries. www.abb.com

Sevensense Robotics was founded in 2018 as a spin-off from ETH Zurich and received early support from Wyss Zurich. Headquartered in Zurich and ETHZ Foundation, Switzerland, Sevensense employs 25 people and offers industry-grade 3D SLAM based localization and navigation solutions for all kinds of autonomous service machines, from forklifts to professional cleaning machines. www.sevensense.ai

Disclaimer

ABB Ltd. published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 08:11:10 UTC.


ę Publicnow 2021
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Sales 2021 28 876 M - -
Net income 2021 4 235 M - -
Net Debt 2021 977 M - -
P/E ratio 2021 17,6x
Yield 2021 2,37%
Capitalization 73 877 M 74 002 M -
EV / Sales 2021 2,59x
EV / Sales 2022 2,44x
Nbr of Employees 105 000
Free-Float -
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Bj÷rn Klas Otto Rosengren Chief Executive Officer
Timo J. Ihamuotila Chief Financial Officer
Peter R. Voser Chairman
Jacob Wallenberg Vice Chairman
David Edward Constable Independent Non-Executive Director
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