The company is selling its gripper business assets to the Schmalz Group.

SOFT ROBOTICS LAUNCHES MGRIP: AN ON-DEMAND, MODULAR SOFT ROBOTIC KIT THAT CREATES PRODUCTION-READY SYSTEMS IN MINUTES

courtesy of Soft Robotics

Soft Robotics Inc., specializing in soft gripping, 3D vision, and artificial intelligence solutions for industrial automation, announced the divestiture of its gripper business assets to the Schmalz Group for an undisclosed sum. The company also announced that it has reformed as Oxipital AI, with a mission to deliver its transformative AI technology to customers in critical industries, enabling an entirely new generation of resilient, efficient, and sustainable manufacturing.

The divestiture of the company’s gripper hardware business marks a significant milestone in its 10-year evolution. It enables the company to focus its resources and expertise on advancing the commercialization of its groundbreaking end-to-end visual AI solutions optimized for high-speed product inspection and robotic picking.

"For years, our AI vision solutions have enabled the automation of labor-intensive processes in the food industry," says Mark Chiappetta, president and CEO of Oxipital AI. "Although under a new banner, we remain steadfast in our commitment to customers as they embrace Industry 5.0, and in providing the AI technology they need to unlock previously unattainable levels of resiliency, sustainability, and resource efficiency in their manufacturing operations."

The company will launch with a new corporate identity and a focused commitment to driving innovation in machine vision and AI. “The Oxipital AI brand name was selected because it aligns more closely with the technology, paying homage to the visual processing center of the human brain,” says Austin Harvey, VP of product and marketing at the company. “Our vision solutions unlock latent process inefficiencies through deep object understanding and provide a previously unavailable pathway to further increase manufacturing yield, throughput, and margins, while reducing product waste and ecological footprint.”

For more information about Oxipital AI or how the company’s technology can elevate your operation, visit the company website at oxipitalai.com or contact Julie Collura (jcollura@oxipitalai.com), director of marketing communications, Oxipital AI.

Oxipital AI is hosting a live webinar on Wednesday, August 21, at 11:00 am ET. During this event, the company will demonstrate its Visual AI technologies for inspection and vision-guided robotic applications. Register for the event here.

Liz Parker is the senior editor of Candy Industry and Snack Food & Wholesale Bakery, and has worked at BNP Media since 2012. She has written for CBS Detroit as well as for her own blogs. She earned a Bachelor of Arts in Creative Writing from the University of Michigan. Liz can be contacted at (248) 839-7156 or at parkere@bnpmedia.com.

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