Business
, /PRNewswire/ — Terex Company (NYSE: TEX) today announced it has made an fairness investment in Apptronik, Inc. (“Apptronik”), an Austin-essentially essentially essentially based company specializing in the trend of versatile, mobile robotic programs whose aim is to bring forth the next generation of robots that will change the manner we are living and work. Fracture free the fairness investment, the two corporations own entered into a co-trend agreement to work together to perform attainable robotic applications for Terex merchandise.
“More than one tendencies are converging to power adoption of human-centered robots in on a standard foundation applications and Apptronik is neatly positioned to capitalize on this emerging trend,” talked about Terex Chairman and Chief Executive Officer John L. Garrison, Jr.
Apptronik’s co-founders own worked on some of the most evolved human-centered programs in the world. This includes the NASA Valkyrie Robotic for the DARPA Robotics Disclose. Other Apptronik initiatives include Astra, an higher-physique humanoid robotic that has affirm-of-the-art actuation packed into a little form, enabling it to be positioned on any mobility platform – and, most now not too lengthy ago, Apollo, a NASA-backed versatile humanoid designed to scale and practice to a mountainous option of applications.
“We are at an inflection point in the robotics industry the place, in merely about a years, we quiz to find customary-cause robots being adopted at scale across a mountainous option of industries,” talked about Jeff Cardenas, Chief Executive Officer and co-founder of Apptronik. “We are indignant to be working with Terex Company, as we blaze the scuttle for the robotics revolution that we look ahead to will transform the manner we are living and work.”
Forward-Looking Statements
Certain information in this press liberate includes forward-looking statements (within the meaning of Fragment 27A of the Securities Act of 1933, Fragment 21E of the Securities Substitute Act of 1934 (the “Substitute Act”) and the Private Securities Litigation Reform Act of 1995) regarding future events or our future financial performance that involve certain contingencies and uncertainties, including these talked about in our Annual File on Form 10-K for the yr ended December 31, 2022, and subsequent stories we file with the U.S. Securities and Substitute Commission from time to time, in the sections entitled “Administration’s Dialogue and Prognosis of Financial Situation and Results of Operations – Contingencies and Uncertainties.” In addition, when included in this press liberate or in documents incorporated herein by reference, the phrases “can even merely,” “expects,” “will own to unexcited,” “intends,” “anticipates,” “believes,” “plans,” “initiatives,” “estimates,” “will” and the negatives thereof and analogous or an analogous expressions are intended to name forward-looking statements. Nevertheless, the absence of these phrases would now not mean that the assertion is now not forward-looking. Now we own essentially essentially essentially based these forward-looking statements on newest expectations and projections about future events. These statements have to now not ensures of future performance. Such statements are inherently field to a range of risks and uncertainties that can even cause staunch results to vary materially from these reflected in such forward-looking statements.
Genuine events or our staunch future results can even merely vary materially from any forward-looking assertion due to these and other risks, uncertainties and field topic factors. The forward-looking statements contained herein teach handiest as of the date of this press liberate and the forward-looking statements contained in documents incorporated herein by reference teach handiest as of the date of the respective documents. We expressly disclaim any duty or undertaking to liberate publicly any updates or revisions to any forward-looking assertion contained or incorporated by reference in this press liberate to replicate any change in our expectations in regards thereto or any change in events, prerequisites or conditions on which this kind of assertion is essentially essentially essentially based.
About Terex
Terex Company is a international manufacturer of materials processing machinery and aerial work platforms. We blueprint, obtain and reinforce merchandise former in building, maintenance, manufacturing, vitality, recycling, minerals and materials management applications. Certain Terex merchandise and suggestions enable customers to minimize their impression on the environment including electric and hybrid offerings that bring still and emission-free performance, merchandise that reinforce renewable vitality, and merchandise that succor in the restoration of distinguished materials from a form of styles of waste. Our merchandise are manufactured in North The United States, Europe, Australia and Asia and offered worldwide. We engage with customers through all phases of the product lifestyles cycle, from initial specification and financing to aspects and repair reinforce.
About Apptronik
Apptronik is a robotics company that has constructed a platform to bring a range of customary-cause robots. The company was founded in 2016 out of the Human Centered Robotics Lab at the University of Texas at Austin, with a mission to leverage innovative technology for the betterment of society. Its aim is to introduce the next generation of robots that will change the manner individuals are living and work, whereas tackling some of our world’s ideal challenges. To study more about careers at Apptronik, test with https://apptronik.com/careers/.
Contact Information
Terex Company
William Adler
203-767-8001
william.adler@terex.com
Apptronik
Samantha Stone
617-365-5829
samanthastone@meetkickstand.com
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