Seegrid Announces Record Growth for 2017

Increased Adoption of Automation and Demand for Self-Driving Vision
Guided Vehicles Drives Seegrid’s Rapid Expansion

PITTSBURGH–(BUSINESS WIRE)–Seegrid,
the leader in connected self-driving vehicles for materials handling,
today announced record-setting results for 2017, continuing the
company’s upward trajectory and surpassing 2016’s revenue and profit
milestones. Seegrid has firmly established itself as the go-to solution
for self-driving vehicles, as manufacturing and distribution facilities
rapidly adopt automation to increase efficiency, safety, and
profitability.

“Manufacturing and e-commerce companies are under pressure to modernize
their operations and transform their facilities into the smart factories
of the future,” said Jim Rock, CEO of Seegrid. “Our customers expect a
partner who can not only deliver a quality product, but help shepherd
the transition into a more automated, data-driven environment.”

The demand for Seegrid vision guided vehicles (VGVs) drove a
significant increase in customer growth in 2017. New and existing
customers selected the Seegrid Smart Platform to transform into safer,
more productive facilities as connected automation becomes best
practice. Existing customers in automotive, e-commerce, and distribution
placed additional orders to expand their VGV fleets, having increased
safety, improved workflow efficiency, and achieved ROI with Seegrid
vehicles.

In 2018, automated solutions will continue to be a priority capital
investment for manufacturing and distribution leaders. Seegrid will
support this adoption with the expansion of its Smart Platform,
releasing new self-driving vehicles and software features in 2018. As
enterprise adoption of automation continues, Seegrid remains well
equipped to advise and partner with existing and future customers.

2017 marked a year of continued growth and innovation for Seegrid as the
company expanded its product suite with the GP8 Series 6 self-driving
pallet truck, which offers fully automated material movement from
pick-up to drop-off. Operating entirely infrastructure-free, the GP8
Series 6 provides an end-to-end automation solution aligned with
Industry 4.0 and lean initiatives.

As Seegrid saw continued success and customer growth throughout 2017,
the company added new jobs, expanding its engineering, customer
engagement, and deployment departments by 30%. Seegrid also expanded its
geographic presence with new orders in Canada and Europe.

Seegrid closed out 2017 hitting a major milestone of 800,000 production
miles (1.3 million kilometers) by self-driving vehicles in customer
facilities–without a single safety incident. In 2018, the company will
hit one million miles (1.6 million kilometers) driven autonomously by
its VGVs and is committed to fulfilling its promise of zero safety
incidents.

About Seegrid

Seegrid is the leading provider of connected self-driving vehicles for
materials handling with hundreds of thousands of miles driven. The
Seegrid Smart Platform combines flexible and reliable
infrastructure-free vision guided vehicles with fleet management
software for a complete connected solution. Seegrid accelerates Industry
4.0 and lean initiatives with incremental automation, helping companies
achieve a truly connected enterprise and transform into smart factories
of the future. www.seegrid.com

Contacts

Racepoint Global for Seegrid
Joel Richardson, 617-624-3298
[email protected]