The terms of the new settlement include AutoStore paying £200 million, around $256 million, to Ocado over the next two years.
Ocado wins UK patent lawsuit over AutoStore
Both AutoStore and Ocado operate automated storage and retrieval systems (ASRS) that operate on similar principles.
AutoStore launches modular cube storage system Pio
AutoStore has launched Pio, its Product In/Out warehouse automation system, in North America for the first time.
New AutoStore R5+ robot handles larger bins
The new taller profile robot enables the storage and retrieval of larger items within the AutoStore grid.
AutoStore loses ASRS patent fight against Ocado
A U.S. ITC judge also rejected AutoStore’s request to ban Ocado, and its partners, from making and selling the products involved and from importing them into the U.S.
AutoStore revenue up 95% in Q3 to $84.7M
AutoStore’s Q3 revenue is up 95% from Q3 last year. So far this year, it’s brought in $234.4 million in revenue.
Is Softbank Robotics Europe for sale?; Melonee Wise on Fetch’s new AMRs
We got the scoop on the new AMR solutions from Fetch Robotics and recap the week that was in robotics.
AutoStore stock surges during Oslo Stock Exchange IPO
This morning’s IPO valued AutoStore at $12.4 billion. This is Norway’s biggest IPO since 2001.
SoftBank takes 40% stake in AutoStore for $2.8B
AutoStore, a leading global robotics and software company, today announced that SoftBank has entered into a definitive agreement to acquire 40% of AutoStore from funds affiliated with Thomas H. Lee Partners, L.P. (“THL”) and EQT Private Equity (“EQT”), among other shareholders. THL will continue to be AutoStore’s majority shareholder and THL, SoftBank and EQT will…
FBI installs AutoStore records filing and retrieval system for 2B pages of documents
The General Services Administration has implemented the first robotic filing and retrieval warehouse for FBI records using AutoStore’s cube technology.
AutoStore sues Ocado over AS/RS development
AutoStore alleges its AS/RS system and robots are the foundation on which Ocado’s Smart Platform was built.
Warehouse automation market to grow globally, finds Interact Analysis
Interact Analysis looks at the global market for warehouse automation and identifies the leading integrators in each region.
Robotics investments recap: June 2019
Reported robotics investments in June 2019 focused on transportation, AI and software, manufacturing, and healthcare.