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Modular Robotics Market to Cross $15,149.7 Million Value by 2030: P&S Intelligence

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NEW YORK, June 24, 2020 (GLOBE NEWSWIRE) — With the Industry 4.0 revolution gaining ground, the global modular robotics market revenue is projected to reach $15,149.7 million by 2030, from $5,619.1 million in 2019, at a 9.9% CAGR during 2020–2030. The demand for automation solutions, smart sensors, and internet of things (IoT) devices is surging in the manufacturing sector. Industry 4.0 standards heavily focus on the use of robots, computers, and other forms of information technology (IT) to increase productivity.
The established and under-development smart factories are envisioned to have robots doing most of the work and internet-connected devices monitoring the activity. Manufacturers across industries, especially electronics and automotive, are focusing on increasing their production output and quality, while cutting down on operational costs and errors, by deploying robots. For instance, China’s spending on robots, including those deployed for industrial purposes, is set to touch $29 billion in 2020.However, the modular robotics industry, presently, is subject to the ill-effects of the coronavirus pandemic, which has stalled the supply of components, such as manipulators, controllers, and drive modules. This has led to slower or no production at modular robot manufacturing plants, thereby leading to a stoppage in the shipments of the final product. Moreover, even the end-use industries have been hit hard, especially due to the lockdown initiated in numerous countries to check the virus spread, thereby resulting in a lower demand for modular robotic systems.Modular Robotics Market Segmentation AnalysisThe revenue generated for modular robotics firms by software is expected to experience the fastest surge till 2030, on the basis of offering. This is because sophisticated software is required to monitor the activities of modular robots in real time. Additionally, with the rapid deployment of IoT and artificial intelligence (AI) in manufacturing facilities, the requirement for software would rise further.Get the Sample Copy of this Report at: https://www.psmarketresearch.com/market-analysis/modular-robotics-market-report/report-sampleIn the coming years, the articulated modular robotics category, under segmentation by robot type, would hold the largest industry share, as these robots are finding wide application in automotive plants, for handling heavy vehicle components. Moreover, the metals and machinery industry also makes use of such robots for working with bulky metal components and sheets. In the same vein, these robots are utilized in the plastics, food & beverages, chemicals, and rubber sectors for automated processing applications.In 2019, 60.1–225.0-kg robots, based on payload capacity, dominated the market, owing to their heavy usage for picking & placing, palletizing, material handling, part and component transferring, and machine tending applications, and in assembly lines, in electrical &electronics, automotive, and other heavy industries.The industrial category, when segmented by end user, would experience the highest CAGR, of 10.0%, in the modular robotics market during the forecast period. This is attributed to the rising investments by manufacturers on the procurement of robotic systems, in order to achieve operational automation. From 2019, worldwide spending on robotic systems is expected to increase by 17.1%, reaching $112.4 billion in 2020.Browse report overview with 107 tables and 71 figures spread through 165 pages and detailed TOC on ” Modular Robotics Market Research Report: Global Industry Analysis and Growth Forecast to 2030” at: https://www.psmarketresearch.com/market-analysis/modular-robotics-market-reportAsia-Pacific (APAC) has been the largest deployer of modular robots and associated software around the world, till now, and the same trend is predicted till 2030. Automotive and electrical & electronics manufacturers in South Korea, China, and India have been the most active adopters of conventional as well as collaborative modular robots. Due to urbanization and population boom, the electrical & electronics, plastics, and automotive sectors in APAC are expanding. The Plastics Europe Trade Association says that in 2018, Asia produced around 51% of the world’s plastic.Product Launch Is Most Important Strategic Measure among CompaniesTo dominate the competition, companies offering modular robotic solutions are offering new products that:Have high rigidity and integrated cablesAre equipped with machine learning (ML) and AICan easily transport heavy automobile componentsFunction in temperatures of up to 180 °CCan be controlled from a considerable distance, using 5G communicationMake Enquiry before Purchase at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=modular-robotics-market-reportThe most prominent companies in the global modular robotics market are KUKA AG, ABB Ltd., Nachi-Fujikoshi Corporation, Schneider Electric SE, Mitsubishi Electric Corporation, Kawasaki Heavy Industries Ltd., FANUC Corporation, Yaskawa Electric Corporation, Bender GmbH & Co. KG., and Universal Robots A/S.More Reports of Semiconductor and Electronics by P&S IntelligenceAutonomous Mobile Robots MarketAutomotive Electronics MarketAbout P&S IntelligenceP&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.Contact:                       P&S IntelligenceInternational: +1-347-960-6455Email: enquiry@psmarketresearch.comWeb: https://www.psmarketresearch.com

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Release Is Transforming The World’s Agriculture & Fisheries Logistics Through Its Blockchain-Powered Social Commerce Platform

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New Taipei City, Taiwan, July 12, 2020 (GLOBE NEWSWIRE) — While the concept of social commerce is gaining traction, there are several inherent challenges that are hindering its growth. Among these, a few of the most prominent ones include – logistics & supply chain inefficiency, the lack of effective communication between buyers and sellers, etc. To address these issues and more, Release Co. Ltd. has harnessed the power of blockchain technology and tokenization. 

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The Global Autonomous Vessels Market is expected to grow from USD 13,769.50 Million in 2019 to USD 21,784.01 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 7.94%

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New York, July 10, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Autonomous Vessels Market Research Report by Fit, by Type, by Automataion, by Solution, by Users – Global Forecast to 2025 – Cumulative Impact of COVID-19” – https://www.reportlinker.com/p05913503/?utm_source=GNW
On the basis of Fit, the Autonomous Vessels Market is studied across Line Fit and Retrofit.
Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001

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CORRECTION – OMNIQ’s Artificial Intelligence-Based Quest Shield™ Solution Selected by the Talmudical Academy of Baltimore

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SALT LAKE CITY, July 10, 2020 (GLOBE NEWSWIRE) — In a release issued under the same headline on June 1, 2020 by OMNIQ, Inc. (OTCQB:OMQS), please be advised that the second paragraph as originally issued contained certain inaccuracies, not related to financial results or projections, which have been corrected below.Quest Shield™ security package provides a  proactive ground-breaking cloud-based solution for crime prevention on campuses and in schools using  automatic Machine Vision detection and identification of vehicles by license plate, make and color via an AI-based  identification algorithm
Real-time alert and notification to law enforcement authorities to actively prevent potential tragediesTechnology developed in Israel, previously deployed with success in sensitive security zones in the U.S., Middle East and elsewhereAddressing Covid-19 concerns, students will be equipped with a contactless, readable ID tag verifying pre-screened temperature test clearanceTalmudical Academy in Baltimore has over 1,000 students and is part of the Chofetz Haim educational chain with more than 35 locations in the U.S., Canada and IsraelOMNIQ, Inc. (OTCQB:OMQS) (“OMNIQ” or “the Company”), announces that it has been selected to deploy its Quest Shield™ campus safety solution at the Talmudical Academy of Baltimore in Maryland.The Quest Shield™ security package uses the Company’s AI-based SeeCube technology platform, a ground-breaking cloud-based/on-premise security solution for Safe Campus/School applications. The platform provides unique AI-based computer vision technology and software to gather real-time vehicle data, enabling the Quest Shield™ to identify and record images of approaching vehicles including color, make and license plate information. The license plate is then compared against the school’s internal watch list to provide immediate notifications of unauthorized vehicles to security and administrative personnel. In addition to providing a vehicle identification and recognition solution to the Talmudical Academy, the Quest Shield™ comprehensive security platform addresses other security concerns including controlling access to the buildings and visitor management as well as the ability to pre-register guests for school activities. Additionally, as part of COVID-19 mitigation, parents in Maryland will be asked to take and record their child’s temperature each day before they leave for school. Quest Shield™ will automate this process, by providing parents an online form where they may record the temperature. All Talmud Academy students will be equipped with an ID tag that will have a QR code that can be read with a barcode scanner. As students enter campus, faculty equipped with Quest handheld scanners will read the barcode to confirm that the student’s temperature has been taken that day; if the form has not been filled in, faculty will check temperatures before allowing students inside.    Shai Lustgarten, CEO of OMNIQ, commented: “It is our privilege to work with the Talmudical Academy to provide our solution to enhance safety at their Baltimore campus. Quest Shield™ is an extension of the homeland security solution we designed for the Israeli authorities to fight terrorism and save lives.”Rabbi Yaacov Cohen, Executive Director, Talmudical Academy of Baltimore, commented: “Concern about campus safety and the safety of our students and faculty drove the Talmudical Academy to seek ways to implement new strategies aimed at preventing crimes and violence that may be committed on the school grounds. The unfortunate reality today is that situations we could never imagine just a few years ago are happening now with increasing regularity. Most security systems that are currently being deployed on other campuses are good at recording events subsequent to crimes being committed. With Quest Shield™, we have an opportunity to alert personnel and Law Enforcement ahead of any sign of violence.”Mr. Lustgarten added: “The Quest Shield™ has been tailored to provide a proactive solution to improve security and safety in schools and on campuses as well as community centers and places of worship in the U.S. that have unfortunately become a target for ruthless attacks. We’re pleased to work with a forward-thinking organization like the Talmudical Academy, it is gratifying that the Academy selected the Quest Shield™ platform to strengthen its security precautions.”“Additionally, many schools and communities are expressing concern around children returning to school in the fall due to COVID-19. With that in mind, Talmudical Academy will also employ the Quest Shield™ to provide an automated screening process to confirm that students have had their temperatures checked, per Maryland regulation, upon their arrival on campus and prior to them entering the school facilities.”Mr. Lustgarten concluded, “We are proud to be able to improve student safety in the U.S., as well as in other vulnerable communities. Quest Shield™ has previously been implemented by a pre-K through Grade 12 school in Florida and at a Jewish Community Center in Salt Lake City. We look forward to working closely with the Academy and other institutions to promote the health and safety of students, faculty and support personnel.”About OMNIQ, Corp.
OMNIQ Corp. (OMQS) provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver data collection, real time surveillance and monitoring for supply chain management, homeland security, public safety, traffic & parking management and access control applications. The technology and services provided by the Company help clients move people, assets and data safely and securely through airports, warehouses, schools, national borders, and many other applications and environments.
OMNIQ’s customers include government agencies and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals.  Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. Information about Forward-Looking Statements
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “anticipate”, “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products particularly during the current health crisis, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the Company’s ability to manage credit and debt structures from vendors, debt holders and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time-to-time in OMNIQ Corp.’s filings with the United States Securities and Exchange Commission. Examples of such forward looking statements in this release include, among others, statements regarding revenue growth, driving sales, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties affecting OMNIQ Corp., please refer to the Company’s recent Securities and Exchange Commission filings, which are available at http://www.sec.gov. OMNIQ Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by law.Investor Contact:
John Nesbett/Jen Belodeau
IMS Investor Relations
203.972.9200
jnesbett@institutionalms.com 

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