"We are very excited to be working with Promobot LLC, having finalized the exclusive distribution agreement for the entire U.S.," said Intellitronix CEO, Paul Spivak. "Our engineers will also be working with Promobot LLC to develop more advanced robotic applications to meet market demand in America."
The latest Promobot, V4, is an interactive intelligent learning robot that Intellitronix's engineers will be expanding its capabilities and features to meet market demand. That engineering activity is a co-development with Promobot LLC's engineering group.
Under the five-year contract, US Lighting Group, a major producer of LED bulbs, gains the exclusive rights (for $600,000) to sell Promobot's friendly, talking promotional robots in the U.S., and has put down an advance order for more than 2,000 robots, worth $56 million.
"This is one of the biggest deals in the history of service robotics so far," said Alexei Yuzhakov, chairman of the board of directors of Promobot, who outlined his plans for U.S. expansion in an interview with Sk.ru earlier this year.
"We are, of course, delighted to work with such a strong American partner, and can't wait to bring our robots to the U.S. Now we can really talk about Promobot's full-fledged presence on the U.S. market," he said.
Promobot robots have already been sold to 18 countries around the world, where they work as promoters, museum guides, concierges, bank consultants and administrators. The robots can be programmed to speak multiple languages, and can recognise people with whom they have previously interacted.
Promobot and USLG have also agreed to open a service centre and production line of electronics and components for the robots in the U.S. The main office of USLG in Cleveland, Ohio is currently being considered as the site for those facilities.
US Lighting Group, Inc. and its wholly-owned subsidiary Intellitronix Corp. is an American-based manufacturing company that designs and markets a wide array of electronic products including patent pending transformer-less light-emitting diode (LED) lighting tubes in the commercial and industrial tube lighting sectors in the United States and abroad. The Company designs and manufactures its innovative products at its own facility located near Cleveland, Ohio.
US Lighting is an industry-leading manufacturer of commercial 48" LED light bulbs. It's patent-pending driverless and transformerless technology allow its LED lights to offer maximum efficiency and an unmatched 21-year warranty. Bulbs are rated at 3100 Lumens/190,000 hours/160 Lumens per Watt. Carried by Home Depot and authorized distributors throughout the U.S.
According to the Zion Market Research report, the global LED lighting market accounted for USD 26.09 billion in 2016 and is expected to reach USD 54.28 Billion by 2022, growing at a CAGR of around 13% between 2017 and 2022. Energy.gov reports that up to 80% of businesses still need to retrofit from fluorescent bulbs to LED lights.
According to Tractica, the global market for customer service robots will exceed 23,000 units by 2022. The sectors of customer service robotics growth will be in retail, travel, hospitality, financial services and healthcare. Tractica is forecasting $451 million in cumulative revenue in that period.