Robot rings NASDAQ closing bell

Universal Robots' UR5 robot arm has been chosen as the first non-human to ever ring the NASDAQ closing bell to mark the launch of the ROBO-STOC Global Robotics and Automation Index.


Universal Robots, a Danish industrial robot manufacturer, has been chosen by ROBO-STOX to represent the burgeoning robotics industry. On Tuesday, Nov. 12 at 4 p.m. EST, Universal Robots’ UR5 robot arm, equipped with a three-fingered gripper from SCHUNK, pressed the button activating NASDAQ’s closing bell. The bell ringing celebrated the launch of the ROBO-STOX Global Robotics and Automation Index ETF (Ticker Symbol: ROBO), the latest exchange-traded fund to begin trading through Exchange Traded Concepts' accelerated, low-cost, private-label ETF platform. 

Co-founder of ROBO-STOX and publisher of The Robot Report, Frank Tobe, says the choice of Universal Robots as the “bell ringer” was due to its unique industry position:

“We didn’t want to showcase a robot only used in a research lab. We wanted to show viable robotics technology, well-positioned for a future IPO, that is selling and being implemented in a wide range of industries today.”

Ed Mullen, national sales manager with Universal Robots in North America, is delighted to have the UR5 robot arm be chosen to mark the launch of ROBO-STOX:

“Our collaborative robots have pioneered a new trend within automation, enabling employees to work directly alongside a portable robot that’s easy to program and doesn't require safety fencing,” he says. "Your new colleague can be a robot that optimizes production and alleviates workers of monotonous tasks, often promoting them to higher skilled positions."

Universal Robots introduced itself to the North American market in September of 2012, implementing a high-tech distribution channel throughout USA and Canada. The Danish company has penetrated a wide variety of industries including automotive, machine tools, medical, packaging, assembly, pharmaceutical, and electronics.

Bringing robotics into multiple industries continues to accelerate the sector, says Rob Wilson, Chief Executive Officer of ROBO-STOX:

“The growing affordability of robotic productivity gains coupled with expanding technological capabilities have helped move the robotics sector beyond the ‘tipping point,’” said Wilson. “By introducing the first comprehensive and focused measure of the value of robotics, automation, and related technologies, we’re giving investors the world’s first benchmark by which to track the growing field of robotics.”

Universal Robots 

- Edited by CFE Media. See more Control Engineering robotics stories here.

No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2013 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
A cool solution: Collaboration, chemistry leads to foundry coat product development; See the 2015 Product of the Year Finalists
Raising the standard: What's new with NFPA 70E; A global view of manufacturing; Maintenance data; Fit bearings properly
Sister act: Building on their father's legacy, a new generation moves Bales Metal Surface Solutions forward; Meet the 2015 Engineering Leaders Under 40
Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again
Pipeline vulnerabilities? Securing hydrocarbon transit; Predictive analytics hit the mainstream; Dirty pipelines decrease flow, production—pig your line; Ensuring pipeline physical and cyber security
Upgrading secondary control systems; Keeping enclosures conditioned; Diagnostics increase equipment uptime; Mechatronics simplifies machine design
Designing positive-energy buildings; Ensuring power quality; Complying with NFPA 110; Minimizing arc flash hazards
Building high availability into industrial computers; Of key metrics and myth busting; The truth about five common VFD myths

Annual Salary Survey

After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.

The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.

Read more: 2014 Salary Survey: Confidence rises amid the challenges

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.