Formic highlights robotics-as-a-service at Labelexpo

According to the company, it can deliver customized robot systems from leading vendors at a hourly rates with no upfront investments, guaranteed uptime, and full service, including everything from planning and deployment to maintenance and upgrades.

'With American manufacturing companies facing a labor shortage and struggling to fill jobs, far too many are missing out on the benefits of automation when they could use it most because they don’t have the capital to purchase, don’t know what or how to automate, or just fear the unknowns of such a large investment,' said Misa Ilkhechi, co-founder and VP of solutions and partnerships, Formic. 'We help alleviate all three issues by managing the entire automation project at no upfront cost and if the robots aren’t working properly or don’t solve the challenges promised, we fix it and our customers don’t pay a dime during downtime. This empowers customers to focus on their business while robots do tasks that have been difficult to find human workers to do.'

Leveraging engineering expertise and financing, Formic is said to deliver full-functioning, customized robotic systems from leading robotic vendors such as Fanuc, Universal Robots, and Yaskawa Motoman to customers who pay by the hour for usage. Formic owns, programs, installs, and maintains the robots at its own cost and operates a unique model in which customers do not pay until systems are deployed and fully operational on their floors. As a result, manufacturers automating with Formic are said to save money from day one and start increasing their production and the utilization of their facilities and assets, enabling them to offer better prices and increase profits.

Labelexpo attendees interested in getting an initial consultation can stop by Booth #5925 to meet with Ilkhechi or any available sales associate or schedule an appointment for later in the show.

'Most walking the exhibit hall at Labelexpo know they must automate to succeed in today’s difficult business climate, but cost and complexity remain top of mind and hundreds of vendors will be touting the benefits of their solutions,' Ilkhechi added. 'At Formic’s booth, we can talk through the outcomes you’re hoping to achieve from automating and formulate the best robotics solutions to meet your needs, all at a fraction of the cost or energy.'