Word: automatix
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...where 118,800 robots are in use. Along with sluggish domestic demand, U.S. manufacturers face a shrinking share of the roughly $1.9 billion global robotics market. Reason: Japanese competitors have gained a strong edge in the field and appear likely to continue their domination. Says Michael Cronin, president of Automatix, a Massachusetts-based robotmaker that lost $7.8 million last year: "It's a bloodbath out there...
...Puma robots a month, and will have estimated sales this calendar year of $42 million. Its chief competitor: Cincinnati Milacron, which makes the sophisticated T3 robot and expects 1980 sales of $32 million. It will soon open a new plant in Greenwood, S.C. Sprouting up are newcomers like Automatix Inc., of Burlington, Mass., which was founded last year with $6 million from, among others, Harvard and M.I.T. Giants like IBM and Texas Instruments are weighing the advantages of getting in on the prospective bonanza. Overall, the fledgling U.S. robot industry is producing about 1,500 units per year...
...added that the University chose to be an original investor in Automatix, the only robot systems company in the United States, because "the robotics industry is just in its infancy and we think it has a very major application in increasing productivity...
Villers said this week that although Automatix had enough original investors, he was "delighted" to let his alma mater in on the deal. "We expect Automatix to grow from zero to $50 million in a year," Villers said...
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