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Success of New Venues Showcased in Drive Shack Inc.’s Third Quarter 2019 Results

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The Company announces successful opening of 3 new Drive Shack venues, results significantly outperform expectations

Achieves goal of selling 24 owned golf courses for total proceeds of ~$170 million

NEW YORK–(BUSINESS WIRE)–Drive Shack Inc. (NYSE: DS), a leading owner and operator of golf entertainment and leisure venues, today announced financial results for its third quarter ended September 30, 2019.

The Company announced the successful openings of three Generation 2.0 Drive Shack venues: Raleigh, NC opened August 23rd; Richmond, VA opened September 20th; West Palm Beach, FL opened October 18th. As of November 8th, the three new venues generated combined revenue of $6.5 million, exceeding the Company’s plan by 21%. The new venues are expected to continue to ramp up faster than anticipated and achieve average EBITDA of $4 million to $6 million and development yields of 10 to 15% in 2020. Additionally, the Company announced the retirement of Ken May, who served as Chief Executive Officer. Hana Khouri, the Company’s current President, will be assuming the role of CEO and President.

“It has been a tremendous quarter, and we are thrilled to announce the success of our Generation 2.0 venues,” says Hana Khouri. “To open not one, but three new venues in a span of three months, and to see results of this caliber out of the gate, illustrates the strong trajectory of the company, as well as the talented and experienced leadership we have in place.”

“These results provide a real platform for valuation, stability, and growth of Drive Shack moving forward,” says Chairman of the Board of Directors, Wes Edens. “Hana and her team have done a phenomenal job and set a precedent for the level of success we expect moving forward as we grow the company on a national scale.”

Additionally, the Company announced substantial progress in the development of its newest innovation, the “Urban Box.” The indoor format will provide a social, technology-enhanced mini golf experience designed for dense, urban locations. The focus on putting reduces venue dimension requirements compared to the core Drive Shack stores, and therefore provides more real estate opportunities, shorter development timelines and less capital risk. Three Urban Box stores are set to debut alongside Drive Shack’s New Orleans venue in 2020.

The Company also announced the completion of its goal to sell 24 of its 26 owned golf courses for total proceeds of approximately $170 million by year end 2019. The proceeds will be used to fund the development of the Company’s entertainment golf venues.

Financial Results

Three Months Ended September 30, 2019 compared to the Three Months Ended September 30, 2018 and Nine Months Ended September 30, 2019 compared to Nine Months Ended September 30, 2018 ($ in thousands, except for per share data):

 

 

 

 

 

 

 

 

 

 

Three Months Ended

September 30, 2019

Three Months Ended

September 30, 2018

 

Nine Months Ended

September 30, 2019

 

Nine Months Ended

September 30, 2018

Total revenues

$

74,682

 

$

87,419

 

 

$

200,249

 

 

$

245,083

 

Loss applicable to common stockholders

$

(13,414

)

$

(15,470

)

 

$

(43,763

)

 

$

(39,360

)

 

 

 

 

Basic

$

(0.20

)

$

(0.23

)

 

$

(0.65

)

 

$

(0.59

)

Diluted

$

(0.20

)

$

(0.23

)

 

$

(0.65

)

 

$

(0.59

)

 

For the three months ended September 30, 2019, the Company reported a loss of $13 million, or ($0.20) per share, compared to a loss of $15 million, or ($0.23) share, in the corresponding period of the prior year. For the nine months ended September 30, 2019, the Company reported a loss of $44 million, or ($0.65) per share, compared to a loss of $39 million, or ($0.59) per share, in the corresponding period of the prior year.

The Company paid dividends on October 31, 2019 to holders of record of preferred stock on October 1, 2019, for the period beginning August 1, 2019 and ending October 31, 2019, in an amount equal to $0.609375, $0.503125 and $0.523438 per share on the 9.750% Series B, 8.050% Series C and 8.375% Series D preferred stock, respectively.

The Board of Directors of the Company declared dividends on the Company’s preferred stock for the period beginning November 1, 2019 and ending January 31, 2020. The dividends are payable on January 31, 2020, to holders of record of preferred stock on January 2, 2020, in an amount equal to $0.609375, $0.503125 and $0.523438 per share on the 9.750% Series B, 8.050% Series C and 8.375% Series D preferred stock, respectively.

Conference Call Tuesday, November 12, 2019

Management will hold a conference call to discuss these results Tuesday, November 12th at 9:15 a.m. Eastern Time. The conference call can be accessed over the phone by dialing 1-866-913-6930 (from within the U.S.) or 1-409-983-9881 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference conference ID “9757719.”

A copy of the earnings release will be posted to the Investor Relations section of Drive Shack Inc.’s website, http://ir.driveshack.com.

A simultaneous webcast of the conference call will be available to the public on a listen-only basis at http://ir.driveshack.com. Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the internet broadcast. A telephonic replay of the conference call will also be available two hours following the call’s completion through 11:30 P.M. Eastern Time on Tuesday, November 26, 2019 by dialing 1-800-585-8367 (from within the U.S.) or 1-404-537-3406 (from outside of the U.S.); please reference conference ID “9757719.”

Additional Information

For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investor Relations section of the Company’s website, http://ir.driveshack.com. For consolidated information, please refer to the Company’s most recent Quarterly Report on Form 10-Q or Annual Report on Form 10-K, which are available on the Company’s website, http://ir.driveshack.com.

About Drive Shack

Drive Shack Inc. is a leading owner and operator of golf-related leisure and entertainment businesses.

Forward-Looking Statements: Certain items in this Press Release may constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Drive Shack Inc.’s (NYSE: DS; “DS Inc.” or the “Company” and “we,” “us” and “our,” as applicable) (a) statements relating to returns on our investments, (b) anticipated future sales of selected owned golf properties, including without limitation statements relating to the timing and amount of anticipated proceeds, (c) our plans and expectations to optimize the operation of, and grow, our existing leased and managed golf properties, (d) redeployment of cash from our generated liquidity, (e) targeted multiples, yields and returns, (f) our ability to terminate or restructure leases and (g) the Company’s current business plan and expectations relating to our Drive Shack venues, including (i) the number of venues that we may be able to develop, (ii) timing and frequency for opening venues, (iii) financial performance of these venues and capital expenditure costs, (iv) the growth of the golf, golf entertainment, and eatertainment industry and business, and (v) our ability to enhance technology. These statements are based on management’s current expectations and beliefs and are subject to a number of risks, trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond our control. We cannot give any assurances that management’s current expectations will be attained. For a discussion of some of the risks and important factors that could cause actual results to differ materially from such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s periodic reports filed with the Securities and Exchange Commission (“SEC”), which are available on the Company’s website (www.http://ir.driveshack.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible to predict or assess the impact of every factor that may cause actual results to differ from those contained in any forward-looking statements. Accordingly, you should not place undue reliance on any forward-looking statements contained in this Press Release. Forward-looking statements speak only as of the date of this Press Release. We expressly disclaim any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

Non-GAAP Financial Information. This Press Release includes information based on financial measures that are not recognized under generally accepted accounting principles (“GAAP”), including EBITDA. You should use non-GAAP information in addition to, and not as an alternative to, financial information prepared in accordance with GAAP, which is included in the Company’s filings with the SEC. The Company has not reconciled its EBITDA expectations set forth in this press release to net income (loss), as items that impact such measures are out of the Company’s control and/or cannot be reasonably predicted. Accordingly, a reconciliation is not available without unreasonable effort. The company has not reconciled EBITDA to net income (loss) in this press release because doing so would require unreasonable effort.

Past Performance; No Offer; No Reliance: Past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. This Press Release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. Any such offer would only be made by means of formal offering documents, the terms of which would govern in all respects. You should not rely on this Press Release as the basis upon which to make any investment decision.

Cautionary Note regarding Estimated / Targeted Returns and Growth: Targeted returns and growth represent management’s view and are estimated based on current and projected future operating performance of our current locations and other targeted locations, comparable companies in our industry and a variety of other assumptions, many of which are beyond our control, that could prove incorrect. As a result, actual results may vary materially with changes in our liquidity or ability to obtain financing, changes in market conditions and additional factors described in our reports filed with the SEC, which we encourage you to review. We undertake no obligation to update these estimates. See above for more information on forward-looking statements.

Consolidated Balance Sheets

(dollars in thousands, except share data)

(Unaudited)

September 30, 2019

December 31, 2018

Assets

Current assets

Cash and cash equivalents

$

24,816

 

$

79,235

 

Restricted cash

 

3,163

 

 

3,326

 

Accounts receivable, net

 

5,243

 

 

7,518

 

Real estate assets, held-for-sale, net

 

27,833

 

 

75,862

 

Real estate securities, available-for-sale

 

2,914

 

 

2,953

 

Other current assets

 

18,615

 

 

20,505

 

Total current assets

 

82,584

 

 

189,399

 

Restricted cash, noncurrent

 

931

 

 

258

 

Property and equipment, net of accumulated depreciation

 

185,737

 

 

132,605

 

Operating lease right-of-use assets

 

220,197

 

Intangibles, net of accumulated amortization

 

18,208

 

 

48,388

 

Other investments

 

23,648

 

 

22,613

 

Other assets

 

4,601

 

 

8,684

 

Total assets

$

535,906

 

$

401,947

 

 

Liabilities and Equity

Current liabilities

Obligations under finance leases

$

6,222

 

$

5,489

 

Membership deposit liabilities

 

10,766

 

 

8,861

 

Accounts payable and accrued expenses

 

38,032

 

 

45,284

 

Deferred revenue

 

7,627

 

 

18,793

 

Real estate liabilities, held-for-sale

 

21

 

 

2,947

 

Other current liabilities

 

28,697

 

 

22,285

 

Total current liabilities

 

91,365

 

 

103,659

 

Credit facilities and obligations under finance leases – noncurrent

 

14,397

 

 

10,489

 

Operating lease liabilities – noncurrent

 

191,442

 

Junior subordinated notes payable

 

51,194

 

 

51,200

 

Membership deposit liabilities, noncurrent

 

93,988

 

 

90,684

 

Deferred revenue, noncurrent

 

6,170

 

 

6,016

 

Other liabilities

 

3,694

 

 

5,232

 

Total liabilities

$

452,250

 

$

267,280

 

 

Commitments and contingencies

 

Equity

 

Preferred stock, $0.01 par value, 100,000,000 shares authorized, 1,347,321 shares of 9.75% Series B Cumulative Redeemable Preferred Stock, 496,000 shares of 8.05% Series C Cumulative Redeemable Preferred Stock, and 620,000 shares of 8.375% Series D Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, issued and outstanding as of September 30, 2019 and December 31, 2018

 

61,583

 

61,583

 

 

Common stock, $0.01 par value, 1,000,000,000 shares authorized, 67,050,556 and 67,027,104 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively

 

670

 

 

670

 

Additional paid-in capital

 

3,178,655

 

 

3,175,843

 

Accumulated deficit

 

(3,158,901

)

 

(3,105,307

)

Accumulated other comprehensive income

 

1,649

 

 

1,878

 

Total equity

$

83,656

 

$

134,667

 

 

Total liabilities and equity

$

535,906

 

$

401,947

 

Consolidated Statements of Operations (unaudited)

(dollars in thousands, except share data)

 

Three Months Ended

September 30,

 

Nine Months Ended

September 30,

 

2019

 

2018

 

2019

 

2018

Revenues

 

 

 

 

Golf operations

$

60,797

 

$

68,928

 

 

$

162,889

 

 

$

191,632

 

Sales of food and beverages

 

13,885

 

 

18,491

 

 

 

37,360

 

 

 

53,451

 

Total revenues

 

74,682

 

 

87,419

 

 

 

200,249

 

 

 

245,083

 

Operating costs

 

 

 

 

Operating expenses

 

63,454

 

 

70,330

 

 

 

169,897

 

 

 

194,751

 

Cost of sales – food and beverages

 

3,856

 

 

5,180

 

 

 

10,458

 

 

 

15,413

 

General and administrative expense

 

12,755

 

 

10,149

 

 

 

37,981

 

 

 

29,611

 

Depreciation and amortization

 

5,723

 

 

4,495

 

 

 

15,769

 

 

 

14,358

 

Pre-opening costs

 

4,350

 

 

245

 

 

 

7,229

 

 

 

2,048

 

Impairment and other losses

 

1,872

 

 

4,172

 

 

 

6,077

 

 

 

5,645

 

Realized and unrealized (gain) loss on investments

 

48

 

 

 

 

(283

)

Total operating costs

 

92,010

 

 

94,619

 

 

 

247,411

 

 

 

261,543

 

Operating loss

 

(17,328

)

 

(7,200

)

 

 

(47,162

)

 

 

(16,460

)

 

 

 

 

Other income (expenses)

 

 

 

 

Interest and investment income

 

191

 

 

467

 

 

 

799

 

 

 

1,382

 

Interest expense, net

 

(2,061

)

 

(4,290

)

 

 

(6,008

)

 

 

(12,940

)

Other income (loss), net

 

7,341

 

 

(3,052

)

 

 

12,955

 

 

 

(7,157

)

Total other income (expenses)

 

5,471

 

 

(6,875

)

 

 

7,746

 

 

 

(18,715

)

Loss before income tax

 

(11,857

)

 

(14,075

)

 

 

(39,416

)

 

 

(35,175

)

Income tax expense

 

162

 

 

 

162

 

 

Net Loss

 

(12,019

)

 

(14,075

)

 

 

(39,578

)

 

 

(35,175

)

Preferred dividends

 

(1,395

)

 

(1,395

)

 

 

(4,185

)

 

 

(4,185

)

Loss Applicable to Common Stockholders

$

(13,414

)

$

(15,470

)

 

$

(43,763

)

 

$

(39,360

)

 

 

 

 

Loss Applicable to Common Stock, per share

 

 

 

 

Basic

$

(0.20

)

$

(0.23

)

 

$

(0.65

)

 

$

(0.59

)

Diluted

$

(0.20

)

$

(0.23

)

 

$

(0.65

)

 

$

(0.59

)

Weighted Average Number of Shares of Common Stock Outstanding

 

 

 

 

Basic

 

67,040,692

 

 

66,992,322

 

 

 

67,032,519

 

 

 

66,982,233

 

Diluted

 

67,040,692

 

 

66,992,322

 

 

 

67,032,519

 

 

 

66,982,233

 

 

 

Contacts

For Investor Relations Inquiries:

Austin Pruitt
Head of Investor Relations

646-585-5591

IR@driveshack.com

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Business and Management

Europe Waste-to-Energy (WTE) Market Report 2019-2027 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Europe Waste-To-Energy (WTE) Market 2019-2027” report has been added to ResearchAndMarkets.com’s offering.

Europe’s waste-to-energy market determines the industry to proliferate with 6.69% of compound annual growth rate during the forecast years from 2019-2027.

Data from the Eurostat suggests France to have generated 501 kg of municipal waste per capita in 2015. In 2015, the country recycled only 39.5% of the household waste that was generated, as compared to the other countries in Europe. France thus lags in comparison with other countries in the European region, considering the EU targets on waste management. The Energy Transition Act, was passed in France in 2015, which was aimed at improving the rate of recycling by at least 10% by the year 2020. Moreover, in 2015, the country became one of the top six countries in the region to use composting – a process that uses waste for creating energy.

Spain has taken measures to initiate plans for waste management in order to reduce its dependency on landfills, and has thereby become a viable market for waste management. However, the lack of incentives for managing waste, insufficient separated waste collection; lack of coordination between the different administrative levels; insufficient management of bio-waste, are some of the factors that have led to Spain having relatively low energy recovery levels, when compared to other European nations.

Key Topics Covered:

1. Europe Waste-To-Energy (WTE) Market – Summary

2. Industry Outlook

2.1. Market Definition

2.2. Key Insights

2.2.1. Data Analytics & Big Data Optimizing Waste Management Value Chain

2.2.2. Incineration – Key Thermal Waste-To-Energy Technology

2.2.3. Growing Prominence Of Biological Wte Technology

2.3. Porter’s Five Forces Analysis

2.4. Key Impact Analysis

2.4.1. Cost

2.4.2. Environment-Friendly

2.4.3. Substitutes

2.4.4. Availability

2.5. Market Attractiveness Index

2.6. Vendor Scorecard

2.7. Industry Components

2.7.1. Waste Generation

2.7.2. Waste Collection

2.7.3. Suppliers

2.7.4. Manufacturers

2.7.5. Distributors & Retailers

2.7.6. End-Users

2.8. Market Drivers

2.8.1. Rising Energy Demand & Need For Energy Security

2.8.2. Substantial Investments In New Wte Projects

2.8.3. Rapid Industrialization & Urbanization Contributing To The Increasing Municipal Waste

2.8.4. Declining Number Of Landfill Sites

2.9. Market Restraints

2.9.1. High Setup Cost – Major Drawback

2.9.2. Availability Of Alternative Technologies

2.9.3. Strict Environmental Guidelines

2.10. Market Opportunities

2.10.1. Depleting Conventional Energy Resources

2.10.2. Emerging Technologies

2.11. Market Challenges

2.11.1. Technological Challenges

2.11.2. Opposition From Environmental Groups & Local Communities

3. Europe Waste-To-Energy (Wte) Market Outlook – By Technology

3.1. Thermal

3.2. Biological

3.3. Physical

4. Europe Waste-To-Energy (Wte) Market Outlook – By Type Of Waste

4.1. Municipal Waste

4.1.1. Residential

4.1.2. Commercial & Institutional

4.1.3. Construction & Demolition

4.1.4. Other Municipal Wastes

4.2. Process Waste

4.3. Medical Waste

4.4. Agriculture Waste

4.5. Other Wastes

5. Europe Waste-To-Energy (Wte) Market Outlook – By Application

5.1. Electricity

5.2. Heat

5.3. Combined Heat & Power Units

5.4. Transport Fuels

5.5. Other Applications

6. Europe Waste-To-Energy (Wte) Market – Regional Outlook

6.1. United Kingdom

6.2. Germany

6.3. France

6.4. Spain

6.5. Italy

6.6. Russia

6.7. Rest Of Europe

7. Competitive Landscape

7.1. Amec Foster Wheeler Plc (Acquired By Wood Group)

7.2. Babcock & Wilcox Enterprises, Inc.

7.3. C&G Environmental Protection Holdings Ltd.

7.4. China Everbright International Ltd.

7.5. Covanta Holding Corporation

7.6. Green Conversion Systems, Inc.

7.7. Hitachi Zosen Corporation

7.8. Keppel Seghers

7.9. Mitsubishi Heavy Industries, Ltd.

7.10. Plasco Conversion Systems (Acquired By Rmb Advisory Services)

7.11. Suez Environnement Company

7.12. Veolia Environnement S.A.

7.13. Waste Management, Inc.

7.14. Wheelabrator Technologies, Inc.

7.15. Xcel Energy, Inc.

7.16. Bta International Gmbh

7.17. Martin Gmbh

7.18. Ze-Gen, Inc.

7.19. Sako Brno A.S.

7.20. Austrian Energy & Environment Group

For more information about this report visit https://www.researchandmarkets.com/r/nbv8ye

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

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Business and Management

PagerDuty Strengthens Board of Directors With Appointment of Twilio SendGrid CEO Sameer Dholakia

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SAN FRANCISCO–(BUSINESS WIRE)–PagerDuty, Inc. (NYSE:PD), a global leader in digital operations management, today announced that Sameer Dholakia, CEO of Twilio SendGrid, has joined its board of directors. Dholakia brings more than 25 years of experience in high growth, disruptive cloud and enterprise software companies to PagerDuty’s board.


Dholakia joined SendGrid as CEO and board member in 2014 to accelerate the company’s growth. He led SendGrid through a successful IPO in 2017 and subsequent acquisition by leading cloud communications platform Twilio for approximately $3 billion in early 2019. As a strategic and cloud-savvy executive, Dholakia has proven his expertise in developing products, engaging with customers and building SaaS businesses.

“Sameer is one of the most well respected and admired leaders in technology today and we’re thrilled to add his deep expertise in enterprise, developer and modern SaaS to our board,” said Jennifer Tejada, PagerDuty CEO. “His experience in scaling mid-sized and large cloud companies, as well as his reputation as a humble and inspiring leader will be invaluable as we continue to build our leadership in digital operations management.”

Before joining SendGrid, Dholakia served as group vice president and general manager of cloud platforms group for Citrix Systems, Inc., where he was responsible for the company’s rapidly growing cloud business. Dholakia joined Citrix following its acquisition of VMLogix, Inc., where he served as CEO. He spent the previous decade at Trilogy in a variety of leadership roles across product, marketing and sales, helping the company build strong customer relationships across the Fortune 500 and scale to one of the largest privately-held software companies.

“PagerDuty pioneered and leads a category that is crucial in today’s always-on, customer-driven world and played a vital role in enabling Twilio SendGrid to scale our infrastructure, now delivering over 60 billion emails per month,” said Dholakia. “The company’s innovative digital operations management platform and broad set of integrations is core to a successful digital strategy, as can be seen across its more than 12,000 customers today. I look forward to joining Jennifer and her team as they continue to grow and serve the enterprise.”

For more information, visit: www.pagerduty.com.

About PagerDuty, Inc.

PagerDuty, Inc. (NYSE:PD) is a leader in digital operations management. In an always-on world, organizations of all sizes trust PagerDuty to help them deliver a perfect digital experience to their customers, every time. Teams use PagerDuty to identify issues and opportunities in real time and bring together the right people to fix problems faster and prevent them in the future. Notable customers include GE, Vodafone, Box and American Eagle Outfitters. To learn more and try PagerDuty for free, visit www.pagerduty.com. Follow our blog and connect with us on Twitter, LinkedIn, YouTube and Facebook.

Contacts

Carolyn Guss

Media@pagerduty.com

Source: PagerDuty

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Business and Management

Realtime Robotics Extends Relationship with Mitsubishi Electric

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Will unveil its motion planning technology coupled with robots at iREX

BOSTON–(BUSINESS WIRE)–#automationRealtime Robotics, the inventor of responsive motion planning for industrial robots and autonomous vehicles, announced that it is working with Mitsubishi Electric Corporation to develop a custom integrated solution that pairs Realtime Robotics’ smart motion planning technology with Mitsubishi Electric’s industrial and collaborative robot product lines. The intelligent robots will be on display at iREX later this month and there will be a series of demonstrations showcasing the motion-planning technology in action.

Despite the growing demand for automation, multi-robot work cells continue to require complicated, time-consuming, and costly programming, which prohibits the automation of new tasks. The custom Mitsubishi Electric seamless stackable solution significantly reduces work cell development time and costs while reducing cycle time with interlock-free, collision-free autonomous planning. The joint solution delivers the productivity and efficiency gains that increased automation has promised but failed to deliver as yet.

Incorporation of Realtime’s technology enables industrial robots to work safely in dynamic, unstructured environments, allowing the robots to evaluate millions of alternative motion paths to avoid a collision and choose the optimal route before making a move, all in milliseconds.

The integrated robots will be demonstrated at Mitsubishi Electric’s booth (S1-03) at iREX in Tokyo (December 18-21) and will be commercially available in 2020.

Quotes and Commentary

“Our shared vision with Mitsubishi Electric is to help robots realize their potential in industrial settings. We are excited to unveil our motion planning technology coupled with Mitsubishi Electric’s robots at iREX, removing many of the boundaries to greater robotic automation.”

Peter Howard, CEO, Realtime Robotics

“Smart manufacturing requires productive and safe robotic systems. With Realtime’s innovative motion planning technology, together, we will be able to transform industrial automation.”

Satoshi Takeda, Senior Deputy General Manager of Nagoya Works, Mitsubishi Electric

About Realtime Robotics

Realtime Robotics has developed a specialized processor to generate safe motion plans in milliseconds for industrial robots and autonomous vehicles. Its solution enables robots to function together in unstructured and collaborative workspaces, as well as react to dynamic obstructions the instant changes are perceived. Its solutions expand the potential of automation. Learn more about Realtime Robotics here and connect on Twitter and LinkedIn.

Contacts

Claire Rowberry

claire@clearcommsc.com
+1 617 785 5571

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