Cobot rings bell at New York Stock Exchange

Universal Robots’ UR5e rang the closing bell on October 17, 2018, at the New York Stock Exchange (NYSE) robot arm.

The bell ringer, a collaborative robot (cobot) with a two-fingered gripper from Robotiq, is able to work alongside people with no safety guarding.

According to the International Federation of Robotics (IFR), cobots are now the fastest growing segment of industrial automation, expected to jump ten-fold to 34% of all industrial robot sales by 2025. Universal Robots (UR) pioneered the market by selling the first commercially viable cobot in 2008 and now has a 60% global share of the cobot market. Earlier this year, UR announced the sale of its 25,000th cobot.

This NYSE bell ringing celebrates the five-year anniversary of ROBO Global, the first-ever robotics, automation and AI index. Launched in October 2013, ROBO invests in more than 80 of the most innovative companies across the globe, spanning 12 subsectors from manufacturing to healthcare to sensing.