Exotec, a global warehouse robotics provider, has manufactured its 5,000th robot, just three months after the production of its 4,000th robot.
This is the shortest time yet between manufacturing milestones, signifying an increasing business momentum driven by the growing demand for warehouse automation.
The completion of the 5,000th robot, which will be named ‘Monu’ (short for ‘Monumental’), is a landmark moment for the industrial unicorn, which has seen considerable growth across the UK, Europe and internationally.
Romain Moulin, CEO and Co-Founder at Exotec said: “We continue to see a strong demand for scalable and proven warehouse robotic solutions. We have a track record of serving the world’s largest brands, which places Exotec at the heart of the explosive growth of the global warehouse robotics market, which is expected to be worth $16 billion by 2031.”
Monu was built in record time – just three months after Exotec produced its 4,000th Skypod robot at the end of 2022. In 2022, Exotec signed its first major UK customer – multichannel fulfilment and returns expert iForce – and is already deploying two additional large customer projects in the UK.
Exotec has made significant strides in making warehouse jobs easier and less physically demanding. To this day, Exotec robots have saved warehouse workers from having to walk at least 16 million miles. This is equivalent to going to the moon and back 33 times.
In 2023, Exotec is committed to continuing its track record of innovation by investing in research and development. Since its inception, Exotec has doubled its R&D spend every year, and the company also commits 10% of all sales to go towards the development of new products.
As of today, Exotec holds 26 granted patents with 68 patent applications still pending. Almost 50% of all patents were filed during the last six months. The company also recently expanded its product portfolio with three innovative solutions: a new conveyor solution, an improved robotic picking system, and new proprietary warehouse control software (WCS):
- Skypath is a modular conveyor solution that can reach a maximum throughput of 2,700 totes per hour
- Skypicker is an intelligent picking solution for modern warehouses that features machine learning-based vision
- Deepsky is end-to-end warehouse software that seamlessly integrates Exotec technology with most warehouse management and control systems as well as third-party automation equipment.