Oshkosh Corporation invests in Carnegie Foundry to build upon autonomy and robotics capabilities
September 20 2021 - 11:30AM
Business Wire
Oshkosh Corporation (NYSE: OSK), a leading innovator of
mission-critical vehicles and essential equipment, and Carnegie
Foundry, a robotics and artificial intelligence (AI) venture studio
headquartered in Pittsburgh, Pa., announced today a strategic
partnership and Oshkosh Corporation investment in Carnegie Foundry
to accelerate innovation in autonomy and robotics.
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the full release here:
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Carnegie Foundry has an existing relationship with the National
Robotics Engineering Center (NREC) at Carnegie Mellon University,
the world leader in autonomous robotics and artificial
intelligence. The new partnership will build upon this relationship
and will complement Oshkosh’s ongoing work in autonomous vehicles
and equipment, providing significant benefits to the millions of
people that do important work every day – including the nation’s
soldiers, firefighters and first responders, as well as
environmental service, refuse collection and construction
workers.
“The Carnegie Foundry team is comprised of industry leaders with
outstanding expertise in autonomy,” said John Pfeifer, Oshkosh
Corporation President and Chief Executive Officer. “For years
Oshkosh has been developing autonomous technology that delivers
greater productivity while reducing total cost of ownership for our
customers. Oshkosh’s strategic investment in Carnegie Foundry will
put our customers at the forefront of emerging innovation and
technology in the robotics and autonomy space.”
“We are very excited to partner with Oshkosh Corporation as we
bring autonomy, robotics and AI innovations to market,” said
Carnegie Foundry Co-Founder and Chief Executive Officer Dr. Robert
J. Szczerba. “Industrial-scale innovations require specialized
experience, a deep understanding of these unique markets and a
long-term approach. It’s our good fortune that we found investment,
aligned mindsets and large-scale industrial specialization with our
partners at Oshkosh Corporation.”
As part of the strategic partnership, a member of Oshkosh
Corporation will join the Carnegie Foundry Board of Directors.
About Oshkosh
Corporation
At Oshkosh (NYSE: OSK), we make innovative, mission-critical
equipment to help everyday heroes advance communities around the
world. Headquartered in Wisconsin, Oshkosh Corporation employs more
than 14,000 team members worldwide, all united behind a common
cause: to make a difference in people’s lives. Oshkosh products can
be found in more than 150 countries under the brands of JLG®,
Pierce®, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™,
Oshkosh® Airport Products, London™ and Pratt Miller. For more
information, visit oshkoshcorp.com.
®, ™ All brand names referred to in this news release are
trademarks of Oshkosh Corporation or its subsidiary companies.
About Carnegie Foundry
Carnegie Foundry is a unique Robotics and AI venture studio,
headquartered in Pittsburgh, PA. In partnership with the world
leader in autonomous robotics and AI - the National Robotics
Engineering Center (NREC) at Carnegie Mellon University – we
develop, mature and commercialize cutting-edge IP and advanced
prototypes, already market tested and primed for new and expanded
applications. Our business model mitigates the engineering risk,
long lead times to market ready products and high burn rate that
are the most common points of failure for other robotics companies.
This allows Carnegie Foundry to build-out and spin-off multi-use
technology solutions better, faster and cheaper. For more
information visit carnegiefoundry.com or contact us at
info@carnegiefoundry.com.
Forward Looking
Statements
This news release contains statements that the Company believes
to be “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact, including, without
limitation, statements regarding the Company’s future financial
position, business strategy, targets, projected sales, costs,
earnings, capital expenditures, debt levels and cash flows, and
plans and objectives of management for future operations, are
forward-looking statements. When used in this news release, words
such as “may,” “will,” “expect,” “intend,” “estimate,”
“anticipate,” “believe,” “should,” “project” or “plan” or the
negative thereof or variations thereon or similar terminology are
generally intended to identify forward-looking statements. These
forward-looking statements are not guarantees of future performance
and are subject to risks, uncertainties, assumptions and other
factors, some of which are beyond the Company’s control, which
could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These
factors include the overall impact of the COVID-19 pandemic on the
Company’s business, results of operations and financial condition;
the duration and severity of the COVID-19 pandemic; actions that
may be taken by governmental authorities and others to address or
otherwise mitigate the impact of the COVID-19 pandemic; the
negative impacts of the COVID-19 pandemic on global economies and
the Company’s customers, suppliers and employees; and the cyclical
nature of the Company’s Access Equipment, Commercial and Fire &
Emergency markets, which are particularly impacted by the strength
of U.S. and European economies and construction seasons.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210920005673/en/
Financial: Patrick Davidson Senior Vice President, Investor
Relations 920.502.3266 Media: Bryan Brandt Senior Vice President,
Chief Marketing Officer 920.502.3670
Carnegie Foundry info@carnegiefoundry.com
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