News Release

Epson Invests in Piece-Picking Solutions Developer RightHand Robotics

- TOKYO, Japan, February 24, 2022 -

Seiko Epson Corporation (TSE: 6724, "Epson") and its subsidiary company Epson X Investment Corporation have invested in -through the EP-GB Investment Limited Partnership in which both companies invest-U.S.-based robotic piece-picking solutions developer RightHand Robotics, Inc.

RightHand Robotics is an American startup that combines its grasping knowhow with computer vision1 and machine learning to develop piece-picking solutions. The company was founded in 2015 by a DARPA Autonomous Robotics Manipulation (ARM) Program challenge-winning team from the Harvard Biorobotics Lab, the Yale GRAB Lab, and MIT.

RightHand Robotics' RightPick™ platform uses AI software equipped with advanced computer vision to recognize and reliably pick a wide range of products at a high rate with an intelligent gripper that combines suction and compliant fingers. The platform contributes to automated logistics operations in the warehouse supply chain process and meets the evolving needs of the fulfillment2 industry.

RightPick™ platform to recognize
and reliably pick a wide range of products
An intelligent gripper that combines suction
and compliant fingers

Epson has efficient, compact, and precision technologies along with expertise in volume production at factories that assemble small, precision products. The company seeks to leverage these strengths to drive innovations in manufacturing by co-creating flexible, high-throughput production systems that reduce environmental impacts. By engaging in cooperation with RightHand Robotics, Epson will respond to the growing demand for automation in factories beset by labor shortages and will explore a range of applications to improve working environments.

Going forward, Epson aspires to achieve a sustainable society by creating a variety of partnerships and synergies based on proprietary technologies, products, and services.

About RightHand Robotics

Company name RightHand Robotics, Inc.
Location Massachusetts, U.S.
Representative Yaro Tenzer
Established 2015
Business operations Robotic piece-picking solutions
URL https://www.righthandrobotics.com/

1 A field of research and technology in computer science that focuses on enabling computers to identify and understand objects and people from information such as images and videos. Computer vision, especially in combination with machine learning and AI, can enable computers and robots to replicate human abilities and automate tasks.
2 In businesses engaged in e-commerce and catalog sales, for example, fulfillment refers to the entire process from the time an order is received until it is delivered to the customer. (Fulfillment may encompass everything from order management and the handling of inquiries to payment, inventory management, item picking, packing, and shipping, as well as after-sales support for returns and exchanges.)

About Epson
Epson is a global technology leader dedicated to co-creating sustainability and enriching communities by leveraging its efficient, compact, and precision technologies and digital technologies to connect people, things, and information. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson will become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of around JPY 1 trillion.
global.epson.com/

About Epson X Investment
Epson X Investment Corporation (EXI) is a corporate venture capital (CVC) firm. It is wholly owned by Seiko Epson Corporation, an information equipment and precision products manufacturer. Epson joined forces with general partner Global Brain Corporation, an independent venture capital company with expertise in CVC management, to form a fund (the EP-GB Investment Limited Partnership) and carry out investment activities.
https://www.epson-exi.com/