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Modex - "Most Talked About" Prize STIQ's "Most Talked About" at Modex prize went to Opex for their new Infinity system. Our principal consultant received more questions - "What do you think of Opex Infinity" - than for any other exhibitor, system, etc. and hence took the top slot in the "Most Talked About" category at the 2022 Modex show. Here's a video we took of the solution There are several parts of this solution that are simply genius. The Opex engineers have adapted some of their Sure Pick solution and added bits and pieces of new stuff. Super exciting to see more...

#1 ROBOTICS NETWORKING EVENT STIQ Ltd organised the first ever In-Person robotics networking event in London, UK on March 23rd via the "TLA Robotics" working group. This event was hosted by Shoosmiths in their very nice and central London offices, not more than 100metres from St. Pauls Cathedral. About 70 of 100 registered attendees showed up on the night which was an excellent result considering various remaining Covid issues. Unfortunately this meant one of the presenting companies had to pull out (Q-bot). The audience was treated to seven presentations from high quality robotics companies: Botsandus, Ross Robotics, Sky Drones, Opteran, e-Nano,...

A review of Retail Supply Chain + Logistics Expo We visited: 2 March, 2022 We have visited a few trade shows in 2022 already and many of them have suffered from quite a few cancellations and low visitor numbers. This was the first time we visited the Retail Supply Chain + Logistics Expo (we think) and were pleasantly surprised to find this a very busy event. Whilst there were a few empty stands, there were definitely plenty of visitors. We talked to a few people in the stands and they appeared to be happy by the number of visitors (we visited around lunch...

Warehouse Automation investments exploding Hot on the heels of Exotec's massive $335m fundraising in Jan 2022, RightHand Robotics have picked up $66m in Feb 2022. Investors included existing shareholders and Thomas H Lee Partners and Softbank Vision Fund. Both THL and Softbank have invested heavily in the warehouse automation and robotics space for some time, most recently with their combined deal bringing AutoStore to public markets in 2021. Softbank also sold Boston Dynamics and listed Berkshire Grey via a SPAC deal in 2021 whilst THL invested in Fortna and other US system integrators. e-Commerce is the common thread The common thread among the...

AUTOSTORE: ROCKET RESULTS! AutoStore (website) announced their 4th quarter results on Feb 17th, 2021 and what a rocket it was with c.80% year on year revenue increase to $327.6m in FY21. Whilst this was super impressive, it should be contextualised with a close to flat development between 2019 and 2020, much due to pandemic disruption. Karl Lier (LinkedIn), CEO & President at AutoStore Markets appeared to like what AutoStore reported and the share (Euronext link) quickly gained a cautious 2.25% on the day having touched a high of NOK31. Euronext screenshot Order bookings in the quarter was $198.4m, up 125.9% on 4Q20...