Universal Robots' UR5e cobot to ring closing bell for New York Stock Exchange

Summary

October 17, 2018 - The ringing of the closing bell on October 17 at the New York Stock Exchange (NYSE) is highly unusual as the task will be performed not by a human, but by a robot arm. The bell ringer, Universal Robots’ UR5e, is a collaborative robot – or cobot – able to work alongside people with no safety guarding, giving watchers worldwide the opportunity to see just how cobots interact with humans.

Cobots are now a fast growing segment of industrial automation, expected to jump ten-fold to 34% of all industrial robot sales by 2025, according to the International Federation of Robotics. Universal Robots (UR) first sold cobot in 2008. This fall, the company announced the sale of its 25,000th cobot.

This NYSE bell ringing will celebrate the five-year anniversary of ROBO Global, the first-ever robotics, automation and AI index. Launched in October 2013, ROBO invests in more than 80 companies across the globe, spanning 12 subsectors from manufacturing to healthcare to sensing.