Brisbane based LYRO Robotics has been contracted to license their LYRO Machine Intelligence software to US-based IMI Precision Engineering (a division of IMI plc). This technology partnership will deliver smart robots that will replicate the “hands”, “eyes” and “brain” of human capabilities in automation and logistics applications.
The partnership means the two companies will work to deliver a full-stack robotic solution to satisfy the rising global demand for automated bin picking in various industries, such as agriculture, logistics and e-commerce.
“LYRO Machine Intelligence is the brain which detects objects, makes a decision about how to pick it up and commands the hands to pick up the objects. The hands or the mechanical tool that can pick up a wide range of objects will be developed by IMI Precision Engineering.”
Tim LaCrosse, VP Engineering Americas at IMI Precision Engineering said IMI has longstanding experience and world-leading capabilities in mechanical, electrical and controls engineering.
“IMI has looked at a number of providers in the market. Our assessment is that LYRO Robotics has developed technology that can provide the artificial intelligence and integration capability required to bring our solution, a comprehensive, full-stack solution, to end-use customers and system integrators.
“We have been impressed by LYRO’s market knowledge, technical know-how, and corporate culture,” said Mr LaCrosse.
Dr Nicole Robinson, Director at LYRO, said: “International partnerships, such as this one between LYRO Robotics and IMI Precision Engineering, are accelerating the capacity for artificial intelligence and robotics to meet increasing industry demands.”Over the past few months, LYRO Robotics has seen increased demand for its packing robots from businesses and facilities that pack fresh produce, food subscription boxes and meat. Aside from Australia, the interest has also come from France, UK, Chile, Mexico and the USA.“We look forward to the partnership between LYRO Robotics and IMI Precision Engineering. It is an exciting next step to expand our reach in the global packing and order fulfilment market,” said Dr Robinson.
If you are interested in becoming an exclusive trial partner reach out via LEARNMORE@LYRO.io
About IMI Precision Engineering (a division of IMI plc)
IMI plc, is a global engineering company that is listed on the London Stock Exchange, and that designs, manufactures and services highly engineered products that control the precise movement of fluids. Revenues in 2020 were £1,825m and operating profit £285m. Market capitalisation is c.£3.5bn. Precision Engineering is IMI’s largest division with c.£900m of revenues and specialises in developing motion and fluid control technologies for applications where precision, speed and reliability are essential. The division has a range of diverse end markets with an excess of £400m of its revenues coming from Factory Automation. In Factory Automation we have a large number of longstanding customer relationships – mainly end user, OEM and distribution – focused in the United States and EMEA. Context: IMI’s focus on innovation Since 2019, IMI has started a new approach to market-led innovation – internally we call this our Growth Hub. At any time Precision Engineering has up to 20 small teams working on innovating in spaces in which we have identified an acute customer problem that is common across a sufficiently large customer segment to create a large opportunity for growth for IMI.
Originally published in LYRO