ROBO-STOX Marks Launch of Global Robotics and Automation Index ETF with Robot Hand Ringing NASDAQ Closing Bell
SDH Hand from SCHUNK Rings NASDAQ Closing Bell
ROBO-STOX LLC, the world leader in developing investment solutions targeting the robotics and automation space, commemorated the launch of the ROBO-STOX™ Global Robotics and Automation Index ETF (Ticker: ROBO) by having a robot ring the closing bell at the NASDAQ MarketSite in New York's Times Square on Tuesday, November 12, 2013.
The ETF recently began trading on Exchange-Traded Concepts' accelerated, low-cost and private-label ETF platform. It tracks the ROBO-STOX™ Global Robotics and Automation Index, the first investment benchmark for the worldwide robotics and automation industry.
The "bell ringer," the UR5 robot arm from Universal Robots, the manufacturer of industrial robots equipped with the SDH hand from SCHUNK, was chosen to showcase a market leader within "collaborative robots", an emerging class of robots propelling the use of robotics in companies that previously thought robots would be too expensive and complex to deploy.
The 3-fingered gripper by SCHUNK, SDH, has been used in various ways especially in research and service robotics. It is unique in that it has all gear drives on board and runs on a mere 24 volt DC. Boasting 7 degrees of freedom, the hand is capable of various gripping operations. The hand can grip all kinds of workpieces from a pen to a plate. It also works delicately, able to pick up an egg without cracking it.
About SCHUNK:
SCHUNK is the worldwide competence leader for clamping technology and gripping systems. Totaling more than 60 years of experience, SCHUNK is a family owned operation and a global player in one.
For more information, visit www.schunk.com
Technical Contact:
Jesse Hayes, Automation Group Manager
+1-919-767-1975
jesse.hayes@us.schunk.com
Media Contact:
Alexandra Altvater, Marketing Coordinator
+1-919-767-2013
alexandra.altvater@us.schunk.com
