To expand their capabilities in the power-assist robot business, Panasonic subsidiary, Activelink Co., Ltd. and Mitsui & Co., Ltd. agreed to form a business and capital alliance.
Activelink was established as a subsidiary company of Panasonic in July in 2003 and does customized development of exoskeleton / power-assist robots, including the “POWERLOADER” dual arm power amplification robot. Some ideas in the power assist robot development area being explored include the following categories: rescue, architecture, manufacture and agriculture.
With this alliance, both companies hope to be able to raise the recognition of power assist robots and expand the business.
The investment ratio will be 79.6% for Panasonic, 19.65% for Mitsui and 0.8% for individuals.