Universal Robots announced that it achieved sales of approximately 106.4 billion won and an operating profit of approximately 14.7 billion won last year alone. Universal Robots is expanding the collaborative robot market globally, showing a growth rate of 62% in 2016 compared to the previous year.

This company currently operates in a total of 11 countries, including Korea, the United States, Spain, Germany, Italy, the Czech Republic, China, Singapore, India, Japan, and Taiwan. Previously, flexible tasks had to rely on manual labor, but since the development of collaborative robots, industrial robots can now be flexibly applied to a wider variety of tasks.

In an official announcement, the company stated its ambition to “triple investment in R&D in 2016 compared to 2015 for the development of collaborative robot platform applications, invest more than 50% of total investment in human resources,” and “expand the growth rate by more than 50% by the end of this year.”