October 01, 2014 12:43 AM ET

Electronic Equipment, Instruments and Components

Company Overview of Rethink Robotics, Inc.

Company Overview

Rethink Robotics, Inc. develops and produces industrial robots that help businesses in manufacturing, automation, and outsourcing applications. The company was formerly known as Heartland Robotics, Inc. and changed its name to Rethink Robotics, Inc. in June 2012. Rethink Robotics, Inc. was founded in 2008 and is based in Boston, Massachusetts.

27-43 Wormwood Street

Boston, MA 02210

United States

Founded in 2008

Phone:

617-500-2487

Fax:

617-812-0448

Key Executives for Rethink Robotics, Inc.

Chief Executive Officer and President
Founder
Age: 59
Co-Founder and Vice President of Administration & HR
Vice President of Manufacturing and Operations
Vice President of Product Development
Compensation as of Fiscal Year 2014.

Rethink Robotics, Inc. Key Developments

Rethink Robotics Inks Robotshop, Inc, Teq, Inc. and Gaitech International as New Distributors to Deliver the Baxter Research Robot

Rethink Robotics has partnered with three new distributors to deliver the Baxter Research Robot to more universities, schools and corporate R&D labs worldwide. RobotShop, Teq and Gaitech International are the newest additions to Rethink Robotics' roster of distributors. With users in more than 18 countries across five continents, the Baxter Research Robot is shaping the future of robotics, developing real-world applications in manufacturing, healthcare, education and everyday life. These applications are also preparing the next-generation workforce to thrive in jobs that will inevitably demand skills grounded in robotics and technology.

Rethink Robotics Introduces Intera 3, Upgrade to Advanced Software Platform

Rethink Robotics announced Intera 3, a major upgrade to its advanced software platform. With Intera 3, the company doubles the performance and expands the abilities of Baxter, one of the first human-safe robots. The company's latest software makes Baxter work twice as fast, with twice the precision previously possible. Intera 3 demonstrates the power of software to deliver continuous innovation more quickly and frequently, adding ever-increasing value to company's inexpensive robot. It represents a approach to automation in manufacturing--moving robotics from fixed to flexible--with software-driven robots that adapt and evolve. As the software advances, Baxter's capabilities will continue to expand, even as the physical robot remains the same--debunking the age-old idea that hardware improvements are required to enhance performance and ability. With Intera 3, Baxter's skill set immediately expands to a broader range of applications, including: Tending to machines such as CNC lathes, ultrasonic welders and press brakes; Packing and unpacking of parts and components; Line loading and unloading; Kitting. The software will be available for all existing Baxters, and all new production beginning in mid-July.

Rethink Robotics, Inc. Launches Intera 2.1 for Manufacturing Innovation

Rethink Robotics, Inc. introduced Intera 2.1, the latest advance in the company's newly branded software platform that powers the Baxter robot to provide safe, reliable, easy-to-train automation for a wide range of manufacturing and production environments. Intera 2.1 delivers significant improvements to the robot's speed, performance, flexibility and security, making Baxter up to two times faster, more precise and easier to train than with previous versions of the software. Intera 2.1 is the company's most advanced software release to date, with features informed by input from customers and partners which includes: A Enhanced speed: A Existing Baxter hardware now works up to 2x faster on comparable tasks than with previous versions of the software. A Motion presets allow users to balance speed and path requirements for a given task, providing increased flexibility to optimize how quickly or how precisely Baxter completes a task. In addition to Intera 2.1, Rethink Robotics also announced a new version of software for its Baxter Research Robot. Now branded as SDK 1.0, the new release is a major step forward for the platform.

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