HRG Robotics Presents Key Industry Report at the World Robot Conference 2018

BEIJING,Aug. 17,2018 -- HIT Robot Group ("HRG" or "the Group"),one of China's leading robot manufacturers,presentedtheAnalysis Report on Robot Industry in China 2018alongsideits new "Robotics Biosphere" business model during the World Robot Conference 2018,held from August 15-19 in Beijing.

Jointly conducted and produced by HRG,the China Institute of Science and Technology,and HIT Insights,the analysis report showed the latest trends andchallenges of theroboticsindustry in China. The report evaluated the status of the country's supplychain,highlightedobstacles,and predictionson potential futuredevelopments. Thereportaims tosupport industryleaders,startups and investors to make better-informed decisionsin a fast-paced,dynamic industry.

Under the national strategic plan "Made in China 2025," the market scale of the Chineseroboticsindustry has rapidly expanded. In 2017,China'sroboticsindustryreached a market scale of RMB 120 billion (approx.US$17.44 billion) with a 25.4percentyear-on-year increase;aworld-leading growth rate,as suggested by the report.

"Our newly-released report highlights the problems we are facing in the industry and the trendsweseenow," said Zong Xiao,Senior Vice-President of HIT Robot Group,in a keynote speech at the conference. "The products and roboticssolutions we brought heretodayare designed toalleviatesome ofthoseproblemsand thosewe'veseenfrom first-hand experience," he said.

Thereportpredictsthat the industrywillsee more technological breakthroughsasthemarketcontinues to accelerate.Industries of noteincludedthelogistics,educational,and medicalsectors where the demand forrobotics solutions remainshigh.

In a bid to furtheract onmarkettrends andsupportenterpriseswithin the industry,HRG hasestablishedthe"Robotics Biosphere".Anewbusiness model andcomprehensive set of services for companies at various business stages. The innovative new model provides a full-industry chain service,from research to core product development,incubation and to-market strategy,helping convert technological R&D breakthroughs into profitable enterprises.

"We've establishedseveralinstitutes across China to develop robots across different sectors,incubate startups,and facilitate companies to sustain their business," saidZong. "We've been making efforts to provide a platform forplayers in theroboticsindustry,with a focus on R&D,startup incubation,talent cultivation and market investment," he said.

To date,HRG has six institutes operating in six cities,with three institutesunderconstruction. Each institute hasa specific focusdevelopingsolutions fordifferentmarkets,including smart factories,industrial robots,service robots,entertainment robots,and customized robotics.

During the conference,the Group also displayed over 50 cutting-edge products and signed severalpartnershipswith participating manufacturers,including:

BangBang: Aconference first,aone-stop platform developed by HRG that provides solutions and integrates information of government policies,industry trends,manufacturing campuses,funds,and more. BangBangcaughtthe eye of severalmanufacturerswithHRG's subsidiary,Hechao(Shanghai) Information Technology Co.,Ltd.,inkingpartnershipagreementswithKUKA andKinova during the event.

An intelligent robotbartender,dubbed "SuperMix",the first of its kind in China,able to make acocktail within a minute,and customizedrinksbased oncustomers'preferences.

IntelligentRoboticCloud:Asystem that syncsto HRG's cloud service as it collects andanalyzesreal-time dataonfactory productionlines,enablingoperators to monitor,control andresolve issues swiftly.

About HIT Robot Group

HIT Robot Group (HRG),founded in 2014,is one of China's leading robotics companies. It focuses on manufacturing a range of robots and robotic equipment for different industries and is a solution and service provider for technology companies. Currently,HRG has a presence in 16 major Chinese cities and overseas offices in Washington D.C., California, Frankfurt, Seouland Tokyo.

View original content:/news-releases/hrg-robotics-presents-key-industry-report-at-the-world-robot-conference-2018-300698746.html