Innovation From Concept to Commercialization

ULC Robotics Announces Acquisition by SPX Corporation

ULC Robotics

ULC will join the company’s Detection and Measurement segment focused on location and inspection technologies

HAUPPAUGE, N.Y., Sept. 2, 2020ULC Robotics, a pioneer in Robotics-as-a-Service (RaaS) solutions and technology development for the energy, utility and industrial markets, today announced that the company has been acquired by SPX Corporation, a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets. ULC will join the Detection and Measurement segment of SPX which will contribute to ULC’S overall growth as a business and better position the company for product commercialization.

“We are delighted to join the SPX family and look forward to the continued growth of ULC Robotics in this exciting new phase,” said Gregory Penza, CEO and founder of ULC Robotics. “SPX’s extensive resources, expertise at commercializing new products and dedication to growing its Location and Inspection portfolio create attractive opportunities for ULC’s employees and customers alike.”

SPX will support ULC in product commercialization and market development of inspection technologies. The addition of ULC Robotics will round out SPX Corporation’s Detection and Measurement segment, which encompasses businesses focused on underground locators and inspection equipment, fare collection systems, and communication technologies products.

“We are excited to welcome the ULC Robotics team to SPX,” said Gene Lowe, President and CEO of SPX Corporation. “ULC’s Robotics-as-a-Service business is a strong complement to SPX’s world-class suite of solutions for the location, inspection and maintenance of underground infrastructure; and, the addition of ULC’s R&D business further enhances SPX’s capacity to develop advanced technology solutions for customers across our platforms.”

“Becoming a part of the SPX team will support ULC’s ongoing commitment to develop and deploy advanced technology for energy and utility companies around the globe,” said Robert Kodadek, President of ULC Robotics. “The future of ULC has become even stronger through this partnership.”

More information can be found in the SPX Corporation press release: www.spx.com/investor-relations/financial-news-releases.

EC Mergers & Acquisitions acted as the exclusive financial advisor to ULC Robotics.

 

ULC Robotics Tests Drone Tech at Former Grumman Site

ULC Robotics

LI-Based Robotics Firm Builds Unmanned Aerial Systems Locally to Support Future Windfarms

ULC Robotics, a rapidly expanding Long Island-based technology firm serving the utility and offshore wind markets, has been granted a temporary license agreement to use the inactive western runway at the Enterprise Park at Calverton (EPCAL) for testing of their unmanned aerial systems (UAS), or drones.

The request was unanimously approved at a meeting of the Riverhead Town Board on April 7, 2020 and enables ULC Robotics to use a 2,500 square foot area for flight test operations of their custom-developed, US-built blended wing body vertical take-off and landing (VTOL) fixed wing aircraft.

“Having open space away from the general public is key for us to safely perform flight testing of our new blended wing body VTOL aircraft,” said Mike Passaretti, Director of Aerial Services at ULC Robotics. “And there’s a lot of great history at EPCAL. It was the former site of the Grumman Corporation, where they assembled and tested their aircraft, so it feels like we’re reviving a little bit of Long Island’s aviation history.”

The VTOL aircraft is being developed at ULC Robotics’ Hauppauge, NY headquarters in order to support offshore wind farms, which are to be built off the coast of Long Island. By building and operating their purpose-built UAS to support wind farms, the company estimates a significant 6.8% reduction in the levelized cost of energy (LCOE) and expects a considerable reduction in or elimination of safety hazards.

ULC Robotics will deploy their VTOL aircraft to provide services including protected species observation during offshore wind farm construction, inspection of critical assets, the delivery of parts for repairs, and even search and rescue efforts.

ULC Robotics started supporting the offshore wind industry in 2018 by inspecting the wind turbine foundations of the Block Island Windfarm, the first windfarm in the US. The company has since continued work for Orsted, owner of the Block Island Wind Farm, and also currently performs unmanned aerial services for companies such as PSEG Long Island, National Grid, and Con Edison.

ULC Robotics and SGN Team Up to Build All-Electric Excavation Robot

ULC Robotics

US Robotics Firm and UK Gas Network Develop World’s First Robotic Roadworks and Excavation System to Transform Utility Excavation

One of the largest gas network companies in the UK has partnered with a world-leading robotics company to transform the most costly and disruptive job in the industry – excavation.

With its gas pipes buried underneath Britain’s roads and pavements, excavating in the road is essential to enable SGN to maintain and upgrade its network. However, this doesn’t come without associated safety implications as well as disruption to residents and road users. SGN is committed to reducing the impact of its essential work on the public and so the company is investing in ground-breaking technology to alleviate these issues.

“Because we operate 76,000km of underground pipelines in the UK and dig thousands of excavations every year, we recognize the need for smarter roadworks,” said John Richardson, Head of Innovation at SGN. “We’re leading the effort to change utility excavation by investing in the development of technology to address this global problem.”

The Robotic Roadworks and Excavation System (RRES) project combines a powerful industrial robot, an all-electric track drive system, below-ground locating sensors, artificial intelligence, machine vision, and new vacuum excavation methods for safer, faster autonomous roadworks.

The collaborative project between ULC Robotics and SGN, which is funded by UK energy regulator Ofgem, will reduce accidental damages to buried infrastructure, minimize carbon emissions and improve the safety and speed of utility excavation and construction.

“We are at the midway point of the project and in partnership with SGN we have been able to create the world’s first functional all-electric autonomous excavation robot,” said Ali Asmari, Ph.D, Program Manager at ULC Robotics. “There is a significant amount of work remaining, including the development of additional tools and support equipment, as well as testing and validating the robotic operation in different environments, but we have an outstanding team and are confident that the robot will be ready to work come 2021.”

The RRES is currently conducting autonomous operations, including cutting of the road surface and performing a patented vacuum excavation method.

“Progress on the development, learnings and outputs of the project have gone above and beyond our expectations,” said Richardson. “We see RRES as a platform that can expand to meet the needs of the global utility and construction industries.”

Initial field trials of RRES are scheduled to take place in 2020 on the SGN network.

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