Formic co-founder Misa Ilkhechi will take to the stage to present “Overcoming Labor and Production Challenges with a New Automation Model that Requires Zero Capital Investment or Overhead”
Visit booth Booth #B12033 for a welding cell demo from THG Automation
CHICAGO, IL, August 29, 2023 — Formic, accelerating the adoption of automation across American manufacturing, today announces its attendance at FABTECH in Chicago, from September 11-14. Formic will offer consultations on its Robotics-as-a-Service (RaaS) solution, which helps small to mid-sized factories surmount the barriers to automation that typically impede them from onboarding the technology. The company delivers customized robot systems from leading vendors at a low hourly rate with no upfront investments, guaranteed uptime, and full servicing.
For example, Formic recently announced a newly deployed automation at Arizona-based ICON Injection Molding, a family-owned business that produces custom plastic parts for laboratory use and defense equipment. Seeking to reduce risk to their employees from dangerous, repetitive activities that could potentially lead to injury, and to reduce staff turnover, operational inefficiencies, and high prices for end customers, ICON recognized the need to automate but was unable to adopt traditional automation models. Since deploying a robotic system with Formic, ICON’s production cycle times are 30% faster and they have reduced operational expenditure by 40%.
“With Formic’s unique Pay-for-Productivity RaaS offering, ICON is reaping the benefits of automation alongside dozens of our customers across the US,” said Misa Ilkhechi, co-founder and VP of Product and Partnerships, Formic. “With American manufacturing companies facing a labor shortage and struggling to fill jobs, many factories aren’t maximizing their productivity output because they don’t have the capital to purchase, don’t know what or how to automate, or just fear the unknowns of such a large investment. We manage the entire automation project and, if the robots aren’t working properly, we fix them and our customers don’t pay a dime during downtime. At Formic’s booth, we can talk through the outcomes you’re hoping to achieve from automating and formulate the best robotics solutions to meet your needs.”
Ilkechi will take the stage to deliver a session, “Overcoming Labor and Production Challenges with a New Automation Model that Requires Zero Capital Investment or Overhead,” taking place in room S404bc on Tuesday, September 12, 10:00 AM - 11:30 AM.
FABTECH attendees interested in getting an initial consultation can stop by Booth #B12033 to see a welding cell demo from THG Automation and meet with Ilkhechi or any available sales associate or schedule an appointment for later in the show.
Book your consultation with Formic by emailing hi@formic.co to transform your business with automation at Booth #B12033, FABTECH 2023, Chicago, IL from September 11-14, 2023.
Read more success stories from manufacturers automating with Formic here, or schedule an appointment during the conference or after the show by contacting the sales team at hi@formic.co.
About Formic
Founded in 2020, Chicago-based Formic is accelerating the adoption of automation across small to mid-sized U.S. manufacturers and boosting productivity by removing the risk, complexity, upfront capital, and expertise that typically exist as barriers to onboarding this technology. The company’s “Robotics-as-a-Service” model delivers customized robots at a low hourly rate, with guaranteed uptime. With a full-service offering that includes everything from planning and deployment to maintenance and upgrades, Formic is creating an innovative and accessible competitive advantage for small and mid-sized factories to ensure they stay relevant and thrive in any economy.
Company Contact:
Deanna Barnert
Si14 Global Communications
formicpr@si14global.com