DALLAS, Nov. 13, 2013 /PRNewswire/ -- ROBO-STOX LLC,
the world leader in developing investment solutions targeting the
robotics and automation space, commemorated the launch of the
ROBO-STOX™ Global Robotics and Automation Index ETF
(Ticker: ROBO) by having a robot ring the closing bell at the
NASDAQ MarketSite in New York's
Times Square on Tuesday, November 12,
2013.
The ETF recently began trading on Exchange-Traded Concepts'
accelerated, low-cost and private-label ETF platform. It tracks the
ROBO-STOX™ Global Robotics and Automation Index, the
first investment benchmark for the worldwide robotics and
automation industry.
"Investors everywhere now have the opportunity to capitalize on
the accelerating global growth in robotics," said Frank Tobe, Co-Founder of ROBO-STOX and Editor
of The Robot Report, a robotics news portal tracking the worldwide
business of robotics. "As robots are introduced in more companies
in more sectors, investors can use our index as a benchmark by
which to judge investment opportunities in the expanding robotics
arena."
The "bell ringer," the UR5 robot arm from Universal Robots, the
Danish manufacturer of industrial robots, was chosen to showcase a
market leader within "collaborative robots," an emerging class of
robots propelling the use of robotics in companies that previously
thought robots would be too expensive and complex to deploy. The
UR5 robot arm is equipped with a three-fingered gripper designed by
SCHUNK.
Thomas Visti, Vice President and
Chief Commercial Officer of Universal Robots, said the company
targets a new market for automation within small and medium-sized
businesses by making a robot that can safely work alongside human
employees, and is affordable and easy to use.
"The moves in the bell-ringing application were programmed in
'teach mode,' allowing the user to simply grab the robot arm and
show it the desired moves," said Mr. Visti. "This eliminates the
steep learning curve often experienced when trying to program and
operate a robot."
Universal Robots introduced itself to the North American market
by implementing a high-tech distribution channel throughout the
U.S. and Canada in September 2012. The company's robots have been
integrated into a broad range of sectors, including automotive,
machine tools, medical, packaging, pharmaceutical, assembly and
electronics.
"The transition to smart and autonomous automation is ongoing
not only in manufacturing but also in collaborative work of all
types, and consequently there is money to be made in creating
robots to fill that need," said Rob
Wilson, Chief Executive Officer of ROBO-STOX. "Our index and
ETF enable investors to benefit from the many business
opportunities in the global robotics and automation industry."
For media inquiries about ROBO-STOX, please contact Brendan McManus at 646-922-7758 or
bmcmanus@jcprinc.com.
About ROBO-STOX
ROBO-STOX LLC is the creator of the
first benchmark index to track the global robotics and automation
market. Through the expertise of its leadership team and strategic
advisors, ROBO-STOX looks worldwide to find new innovations in the
robotics space, from companies of all sizes and verticals, to
deliver the growth of robotics to investors — from individuals to
institutions.
Headquartered in Dallas, Texas,
ROBO-STOX is the recognized leader in developing investment
solutions that target the robotics, automation and related
technology sectors. To learn more about ROBO-STOX, obtain facts
about the index and download pertinent information about the
industry, please visit www.robostox.com.
About Universal Robots
Universal Robots is a first
mover within a new segment of collaborative robots focusing on user
friendliness and flexibility. Since the first UR robot entered the
market in 2009, the company has seen substantial growth with the
robotic arms now being sold in 50 countries worldwide. The company
is headquartered in Odense,
Denmark where all development and production is carried
out. To learn more about Universal Robots, please visit:
www.universal-robots.com
Product photos, brochures, and videos:
http://www.universal-robots.com/GB/Press.aspx
Universal Robots Company Contact:Edward Mullen, Universal
Robots, National Sales Manager, North America Tel: 631-610-9664
emullen@universal-robots.com
Universal Robots Press Contact: Mette
McCall, Hughes Communications, PR and Marketing Manager,
North America Tel: 415-847-8649 mette@hughescom.net
CONTACT: Brendan McManus
Jennifer Connelly Public Relations
646-922-7758
bmcmanus@jcprinc.com
Video with caption: "ROBO-STOX Marks Launch Of Global Robotics
And Automation Index ETF With Robot Ringing NASDAQ Closing Bell
with UR5 Robot Arm from Universal Robots". Video available at:
http://origin-qps.onstreammedia.com/origin/multivu_archive/PRNA/ENR/FX-MM16360-20131113-01.mp4
SOURCE ROBO-STOX LLC
