Robotics Trends

Kiva Systems’ Double Digit Growth Defies 2009’s Recession Economy Despite the 2009 “Great Recession”, Kiva Systems, a producer of order fulfillment robotics solutions, had a banner year in 2009, doubling the number of its customers and expanding into Canada, the UK and the Netherlands. Kiva Systems, a developer of game-changing mobile-robotic solutions that automate order fulfillment and warehouse operations, announced 2009 was a record year for the company. Kiva Systems grew business organically, significantly outperforming industry expectations in the face of a challenging economy by closing 2009 with increases in both revenue and bookings for new orders compared to 2008. “In a year when the Material Handling Industry of America projected a 35 to 38 percent industry contraction, Kiva experienced increased demand for its fulfillment solutions and expanded,” said Mick Mountz, founder and CEO of… View this post
Filed in: Industrial Automation • Latest News • RT News
Tagged: Robot, Robotics, Material handling, Warehouse automation, Kiva systems, Material handling industry of america