In yet another indication of the rapidly expanding proliferation of robotic technology, a robot will ring the NASDAQ closing bell next Tuesday, November 12, in order to celebrate a brand new robotics industry exchange-traded fund.
The new fund (ticker: ROBO), is predicated on an index licensed from Robo-Stox LLC, and comprised of an algorithm and database. The index sets a benchmark on the value of robotics, automation, and related technologies, and will allow investors to potentially capitalize on the seemingly-ubiquitous expansion of the robotics industry.
A robotic arm on the UR5 robot from Universal Robots will ring the NASDAQ closing bell. The UR5 robot weighs a little more than 40 pounds and can handle a payload of 11 pounds with its six rotating joints. The robot is programmed by a polyscope graphical user interface on a 12 inch touchscreen with mounting. UR5 robots have been deployed in such applications as automotive manufacturing, factory automation, food and beverage, and laboratory environments.
Rob Wilson, CEO of Robo-Stox said in a press release that the growing affordability of robotic productivity gains, along with improving technologies, have moved this sector beyond the tipping point and the adoption of related technologies across multiple industries should continue to expand.
"By introducing the first comprehensive and focused measure of the value of robotics, automation, and related technologies, we are giving investors the world’s first benchmark by which to track the growing field of robotics."
For its index, Robo-Stox tracks companies across multiple industries, market capitalizations, missions, and geographic locations to find new innovations which can fuel growth in both individual companies and economies for years to come. The index was co-founded by Rob Wilson of Fusion Analytics Investment Partners, Chris Lightbound of GaveKal Capital and Frank Tobe of The Robot Report.
Also check out:
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Carnegie Mellon to develop robots for bridge inspection, surgery
How robots could remove blood clots with medical imaging and steerable needles
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