Rainbow Robotics Signs Trilateral Business Agreement with Schaeffler and Korea Electronics Technology Institute for AI-Mobile Dual-Arm Robot Development



BERLIN, Feb. 21, 2024 /PRNewswire/ — Rainbow Robotics, the robot platform company, announced that it had signed a memorandum of understanding (MOU) to co-develop AI-mobile dual-arm robots with Schaeffler and the Korea Electronics Technology Institute (KETI).

The signing ceremony was attended by Dr. Michael Pausch, Chief Technology Officer of Schaeffler’s Industrial division, Lee Jung-ho, CEO of Rainbow Robotics, and Shin Hee-dong, President of KETI. The agreement will see the joint development of AI-based mobile dual-arm robots and corresponding operation technologies for autonomous manufacturing and identify new business models to expand strategically into the global market.

Under this agreement, Schaeffler will develop and supply key components, including gearboxes for mobile dual-arm robots. Meanwhile, KETI will support the application of AI technology for manufacturing processes based on international standards. Rainbow Robotics will be responsible for developing AI-based robot operation solutions and overseeing the production of the mobile dual-arm robot. This collaboration will see jointly developed mobile dual-arm robots deployed in production sites across Germany and Korea to develop successful use cases for autonomous manufacturing and promote joint cooperation to expand sales to global markets.

Autonomous manufacturing is a futuristic production environment that uses AI-based technology and …

Full story available on Benzinga.com


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