VideoRay UROVs

VideoRay drives underwater exploration for the toughest aquatic missions using Vicor power modules

Retrieved on: 
Wednesday, November 15, 2023

ANDOVER, Mass., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Vicor Corporation, the leader in high‑performance power modules, speaks with VideoRay, a leading manufacturer of underwater remote operated vehicles (ROVs), on the Vicor Powering Innovation Podcast.

Key Points: 
  • ANDOVER, Mass., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Vicor Corporation, the leader in high‑performance power modules, speaks with VideoRay, a leading manufacturer of underwater remote operated vehicles (ROVs), on the Vicor Powering Innovation Podcast.
  • Headquartered in Pennsylvania, VideoRay builds ROVs with the latest in technology and advanced power delivery networks using high-density power modules.
  • Learn about the range of underwater missions VideoRay explores, including search and rescue, infrastructure inspections, recovery and research.
  • Listeners can learn about today’s toughest power challenges, new ideas in electrification, creative power architectures and real-life power design challenges.

VideoRay Launches "VideoRay Labs" to Bolster Innovation in Situational Awareness and Autonomy for the Maritime Robotics Industry

Retrieved on: 
Tuesday, November 28, 2023

POTTSTOWN, Pa., Nov. 28, 2023 /PRNewswire-PRWeb/ -- VideoRay has long been recognized as a trailblazer in the ROV (Remotely Operated Vehicle) industry, delivering cutting-edge underwater robotics technology to a global customer base. The new Mission Specialist systems take inspection-class robots to a new level, delivering the power and functionality expected from larger, more expensive systems in a modular, one-man-deployable footprint, significantly reducing operational costs while streamlining logistics.

Key Points: 
  • POTTSTOWN, Pa., Nov. 28, 2023 /PRNewswire-PRWeb/ -- VideoRay has long been recognized as a trailblazer in the ROV (Remotely Operated Vehicle) industry, delivering cutting-edge underwater robotics technology to a global customer base.
  • VideoRay Labs is an extension of VideoRay, working on problem sets that benefit the entire unmanned systems industry, specifically in the areas of perception, man-machine teaming, and autonomy.
  • To harness the synergies of this acquisition and accelerate the adoption of emerging technology, VideoRay proudly introduces VideoRay Labs.
  • Chris Gibson, CEO of VideoRay, adds: "VideoRay Labs represents a unique opportunity to unite our organization in a collaborative endeavor.

Sarcos Announces Delivery of Guardian® Sea Class Robotic System to UK Supplier Atlantas Marine

Retrieved on: 
Tuesday, October 17, 2023

Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacturing of advanced robotic systems, solutions, and software that redefine human possibilities, announced today that it fulfilled an order from Atlantas Marine (“Atlantas”) for two Guardian Sea Class robotic systems and a support package.

Key Points: 
  • Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacturing of advanced robotic systems, solutions, and software that redefine human possibilities, announced today that it fulfilled an order from Atlantas Marine (“Atlantas”) for two Guardian Sea Class robotic systems and a support package.
  • The Guardian Sea Class is a teleoperated, dual-armed manipulation system with six-function dexterity per arm and performs in depths of up to one kilometer (1,000 meters).
  • The use of the Guardian Sea Class system reduces the need for divers to work in dangerous underwater conditions, allowing for safer, faster operations.
  • “We are looking forward to putting the integrated Sarcos and VideoRay underwater system to work,” said Charlie Foll, Chief Executive Officer, Atlantas Marine.

VideoRay Acquires Blue Ring Imaging's AI Capabilities to Vastly Improve the Efficiency of Unmanned Systems

Retrieved on: 
Wednesday, October 4, 2023

POTTSTOWN, Pa., Oct. 4, 2023 /PRNewswire-PRWeb/ -- VideoRay, the producer of the Mission Specialist Defender robot recently selected by the US Navy for underwater mine detection and disposal, announced today that it has successfully acquired Blue Ring Imaging, a St. Petersburg, Florida-based innovator in 3D visualization, multi-view perception, and simulation for unmanned systems.

Key Points: 
  • Blue Ring Imaging, known for its OctoView™ cutting-edge mixed reality software and OctoCAM™ multi-view 360°camera, will improve situational awareness and object detection capabilities of the Defender.
  • Chris Gibson, CEO of VideoRay, shares: "VideoRay is eager to tap into Blue Ring Imaging's impressive capabilities.
  • VideoRay will use Blue Ring's technology and expertise to transform the way operators interact with and control their unmanned vehicles."
  • Casey Sapp, CEO of Blue Ring Imaging, reports: "Blue Ring is excited about the acquisition and the work ahead.

Eledon Pharmaceuticals Appoints Industry Veteran James Robinson to its Board of Directors

Retrieved on: 
Monday, September 11, 2023

IRVINE, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Eledon Pharmaceuticals, Inc. (“Eledon”) (NASDAQ: ELDN) today announced the appointment of James Robinson to its Board of Directors effective October 1, 2023.

Key Points: 
  • IRVINE, Calif., Sept. 11, 2023 (GLOBE NEWSWIRE) -- Eledon Pharmaceuticals, Inc. (“Eledon”) (NASDAQ: ELDN) today announced the appointment of James Robinson to its Board of Directors effective October 1, 2023.
  • “I am pleased to welcome Jim to our Board and look forward to working with him,” said David-Alexandre C. Gros, M.D., Chief Executive Officer.
  • Mr. Robinson currently serves on the Board of Directors of UroGen Pharma (Nasdaq: URGN).
  • He previously served on the Board of Directors for Neos Therapeutics and for AGTC before the company was sold to Syncona.

Sarcos Technology and Robotics Corporation Announces Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 9, 2023

SALT LAKE CITY, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions and software that redefine human possibilities, today announced financial results for the quarter ended June 30, 2023.

Key Points: 
  • SALT LAKE CITY, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems, solutions and software that redefine human possibilities, today announced financial results for the quarter ended June 30, 2023.
  • We believe we have sufficient liquidity to operate into 2025 without additional financing.”
    Second quarter 2023 total revenue was $1.3 million, compared to $3.0 million during the second quarter of 2022.
  • Total operating expenses for the second quarter of 2023 were $31.2 million, compared to operating expenses of $32.0 million during the second quarter of 2022.
  • Second quarter 2023 gross margin was 26%, compared to negative 4% in the second quarter of 2022.

UroGen Pharma Announces the Appointment of James Robinson to its Board of Directors

Retrieved on: 
Tuesday, July 25, 2023

“We are thrilled to welcome Jim to the Board of Directors,” said Liz Barrett, President and Chief Executive Officer of UroGen.

Key Points: 
  • “We are thrilled to welcome Jim to the Board of Directors,” said Liz Barrett, President and Chief Executive Officer of UroGen.
  • He served as a member of the Urovant board of directors before becoming its CEO in March 2020 until June 2023.
  • “I look forward to working with Liz and her leadership team.”
    Mr. Robinson served on the Board of Directors of Urovant Sciences from 2019 to June 2023.
  • From 2019 to March 2021, Mr. Robinson served on the Board of Directors of Neos Therapeutics.

Sarcos Takes Steps to Improve Efficiency, Reduce Cash Spend

Retrieved on: 
Wednesday, July 12, 2023

This division will continue to advance Sarcos’ AI platform to support a broad range of industrial robots, Unmanned Aircraft Systems (UASs) and Unmanned Aerial Vehicles (UAVs).

Key Points: 
  • This division will continue to advance Sarcos’ AI platform to support a broad range of industrial robots, Unmanned Aircraft Systems (UASs) and Unmanned Aerial Vehicles (UAVs).
  • In conjunction with these initiatives, Sarcos conducted a thorough review of its organization and made the difficult but strategic decision to significantly reduce its headcount.
  • “With today’s announced actions, we are significantly reducing our cash usage to provide us the runway to continue developing our products and capitalize on anticipated demand.
  • We intend to manage our average monthly cash usage to approximately $3.0 million in 2024.”

VideoRay Welcomes U.S. Navy Veteran and EOD and Mine Countermeasures Expert as Program Manager

Retrieved on: 
Thursday, June 22, 2023

POTTSTOWN, Pa., June 22, 2023 /PRNewswire-PRWeb/ -- VideoRay, a global leader in underwater robotic systems, is proud to welcome U.S. Navy veteran Mario Pais as the company's new Program Manager. Pais is responsible for leading and managing a multidisciplinary team to exceed customer expectations on cost, performance and scheduling. He also manages the production, services tasks and delivery orders on all VideoRay programs, including the U.S. Navy's Maritime Expeditionary Standoff Response (MESR) MK 20 Program of Record and related R&D efforts.

Key Points: 
  • VideoRay, a global leader in underwater robotic systems, is proud to welcome U.S. Navy veteran Mario Pais as the company's new Program Manager.
  • POTTSTOWN, Pa., June 22, 2023 /PRNewswire-PRWeb/ -- VideoRay, a global leader in underwater robotic systems, is proud to welcome U.S. Navy veteran Mario Pais as the company's new Program Manager.
  • In addition, Pais created the pipeline for advanced-skills team training for all Navy EOD UMS personnel in preparation for real-world operations.
  • "I am looking forward to working again with the Navy EOD community, a group that has afforded many opportunities to me," Pais said.

VideoRay Announces U.S. Navy Chooses Mission Specialist Defender as Standard for High-Performance Man-Portable Underwater Robot

Retrieved on: 
Monday, May 1, 2023

POTTSTOWN, Pa., May 1, 2023 /PRNewswire-PRWeb/ -- VideoRay, a rapidly growing underwater technology company, announced a $16.1 million order for Mission Specialist Defender underwater remotely operated vehicles (ROVs) and related components for the U.S. Navy's Maritime Expeditionary Standoff Response (MESR) program. This brings the U.S. Navy's total procurement of Mission Specialist Defender vehicles and accessories to $49 million since they entered into a Production-Other Transaction Agreement (P-OTA) with VideoRay.

Key Points: 
  • This brings the U.S. Navy's total procurement of Mission Specialist Defender vehicles and accessories to $49 million since they entered into a Production-Other Transaction Agreement (P-OTA) with VideoRay.
  • POTTSTOWN, Pa., May 1, 2023 /PRNewswire-PRWeb/ -- VideoRay, a rapidly growing underwater technology company, announced a $16.1 million order for Mission Specialist Defender underwater remotely operated vehicles (ROVs) and related components for the U.S. Navy's Maritime Expeditionary Standoff Response (MESR) program.
  • This brings the U.S. Navy's total procurement of Mission Specialist Defender vehicles and accessories to $49 million since they entered into a Production-Other Transaction Agreement (P-OTA) with VideoRay.
  • With this order, the U.S. Navy continues their efforts to procure and equip Explosive Ordnance Disposal (EOD) units with the Mission Specialist Defender as the base platform for the MK20 Defender ROV program.