U. S. Steel Makes Strategic Investment in Pittsburgh-Based Autonomous Warehousing Pioneer -- Freespace Robotics
2024年3月11日 - 10:05PM
ビジネスワイヤ(英語)
Company incubated in Carnegie Foundry, a
Pittsburgh-based partner of Carnegie Mellon University
United States Steel Corporation (NYSE: X) (“U. S. Steel”) today
announced a strategic investment in Pittsburgh-based Freespace
Robotics, a pioneering manufacturer of robotic storage and
retrieval systems that are in demand by warehouses worldwide. This
investment will help Freespace hire and retain local talent as well
as recruit others into the region.
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"Investing in Freespace Robotics is another way we’re promoting
innovation while supporting the regional economy and its
workforce,” said Christian Gianni, U. S. Steel Senior Vice
President & Chief Technology Officer. "Given Freespace’s
ambitious growth plan rooted right here in our hometown, this
investment also underscores how we’re doubling down on the region
because we believe in its potential to be a force for innovation in
the U.S. and beyond.”
Freespace Robotics manufactures an autonomous storage system
that leverages robots to store and retrieve goods in ways that are
new to market. For example, its robots can handle multiple goods at
once, more sizes of goods, and can store and retrieve goods in a
single action. The company will use U. S. Steel’s investment to
execute on pilot programs, establish its manufacturing presence in
the region and scale up its team.
Automated storage and retrieval systems are used for
warehousing, retail, and logistics; from the largest of
distribution centers to regional centers, and micro-fulfillment and
back of store for ecommerce. The warehouse automation market in the
U.S. alone is expected to grow at a Compounded Annual Growth Rate
of over 15% through 2028 and become a $44B market globally by 2028.
[source: LogisticsIQ]
“This region has a long history of industrial innovation through
advances in hardware and large-scale equipment,” said Freespace
Robotics CEO Dr. Robert J. Szczerba. “U. S. Steel knows first-hand
the importance of creating an innovation pipeline for themselves
and the additional value of doing so in its hometown with hometown
talent.”
“The Freespace Robotics team are clear leaders and innovators.
These highly advanced technologies will be essential for a robust,
resilient, and more efficient supply chain,” added Gianni.
Freespace Robotics is a portfolio company from Carnegie Foundry,
a Robotics and AI venture studio headquartered in Pittsburgh that
partners with the world leader in autonomous robotics – the
National Robotics Engineering Center (NREC) at Carnegie Mellon
University – to build its technologically advanced solutions. NREC
combines expertise from decades of applied R&D work in autonomy
with highly strategic, corporate and public sector partners to
bring multi-use technology solutions to market. U. S Steel is also
an anchor investor of Carnegie Foundry.
As part of this investment, U. S. Steel’s Director of Strategy
& Corporate Development, Jim Cook, will join the Freespace
Robotics Board of Directors. Additional terms of the deal were not
disclosed.
About U. S. Steel
Founded in 1901, United States Steel Corporation is a leading
steel producer. With an unwavering focus on safety, the Company’s
customer-centric Best for All® strategy is advancing a more secure,
sustainable future for U. S. Steel and its stakeholders. With a
renewed emphasis on innovation, U. S. Steel serves the automotive,
construction, appliance, energy, containers, and packaging
industries with high value-added steel products such as U. S.
Steel’s proprietary XG3® advanced high-strength steel. The Company
also maintains competitively advantaged iron ore production and has
an annual raw steelmaking capability of 22.4 million net tons. U.
S. Steel is headquartered in Pittsburgh, Pennsylvania, with
world-class operations across the United States and in Central
Europe. For more information, please visit www.ussteel.com.
About Freespace Robotics
Freespace Robotics is a warehouse automation company with a
reimagining of Automated Storage and Retrieval Systems (AS/RS) that
are space efficient and high-speed; capable of high-volume movement
of goods, in nearly any size, shape, and temperature environment.
We are a robotic automation and AI company laser-focused on
delivering unimagined advances in order-fulfillment and movement of
goods. Freespace Robotics is based, rooted, and embedded in
Pittsburgh, where industrial innovation and AI is bred, deployed
and acquired. To learn more about Freespace Robotics, please visit
www.freespacerobotics.com.
Inquiries: Investment: Matthew B. Wachter,
matt@freespacerobotics.com Pilot / Sales: Karl Sanchack,
ksanchack@freespacerobotics.com
About Carnegie Foundry
Carnegie Foundry is a unique Robotics and AI venture studio,
headquartered in Pittsburgh, PA. In partnership with the world
leader in autonomous robotics and AI - the National Robotics
Engineering Center (NREC) at Carnegie Mellon University – we
develop, mature and spin out companies that commercialize
cutting-edge intellectual property and advanced prototypes, already
market tested and primed for new and expanded applications. For
more information visit www.carnegiefoundry.com.
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Corporate Communications T – (412) 433-1300 E –
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Emily Chieng Investor Relations Officer T – (412) 618-9554 E –
ecchieng@uss.com
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