Tokyo-based MELCO Invests in Canadian Robotics Company

Tokyo-headquartered Mitsubishi Electric Corp. (MELCO) on May 12 announced a strategic investment in Clearpath Robotics, a Canadian company that develops and sells autonomous mobile robots (AMR). The move is part of MELCO’s effort to strengthen complete factory optimization and automation by utilizing AMR systems and “contribute to further development of manufacturing automation through open innovation and investments in companies with diverse ideas and advanced technologies.” A global leader in developing AMR technology, Clearpath Robotics owns OTTO Motors, an AMR brand for manufacturing facilities and warehouses. MELCO observed that AMRs are not only used for conveyance, but also through their connection to IT systems  such as factory and line-simulation software. They also are part of the solution to labor shortages. MELCO products include elevators and escalators, high-end home appliances, air conditioning, factory automation systems, train systems, electric motors, pumps, semiconductors and more.