Formic Technologies

Formic Technologies' Robotics-as-a-Service Model

Formic Technologies leverages a Robotics-as-a-Service (RaaS) model, allowing companies to automate their processes without the need for upfront capital expenditure (CapEx). This model is particularly advantageous for businesses looking to minimize financial risk while optimizing operational efficiency. By offering flexible, pay-by-the-hour pricing, Formic ensures that clients only pay for the actual usage of the robotic systems. This approach can significantly reduce financial barriers to entry and make advanced automation accessible to a broader range of industries, including food, chemical, and consumer packaged goods (CPG).

Formic Technologies' Automation Solutions

Specializing in automation solutions such as robotic palletizing and packing, Formic Technologies provides comprehensive services that include 24/7 monitoring and 100% maintenance. The company offers dedicated solutions like Formic Stack for palletizing and Formic Pack for packaging, which can be tailored to meet specific client needs. With a deployment timeline as short as four weeks, businesses can quickly benefit from increased efficiency and productivity. By utilizing AI-based monitoring and remote support, Formic guarantees system uptime and reliability, backed by performance guarantees and service level agreements (SLAs).

Formic Technologies' Industry Impact

Formic Technologies targets industries such as food, chemical, and consumer packaged goods (CPG), where automation can significantly enhance efficiency and reduce labor costs. The company’s flexible OpEx contracts allow businesses to adapt their automation solutions as needs change, ensuring long-term relevance and scalability. Formic’s solutions are designed to address the specific challenges these industries face, such as the need for precise, reliable, and high-speed operations. With over 500 systems deployed and a robust network of 100+ system integrator partners, Formic has a proven track record of delivering impactful automation solutions.

Formic Technologies' Performance and Monitoring

Formic Technologies guarantees exceptional performance with service level agreements (SLAs) that include compensation for any downtime. Historically, the company has achieved an impressive 99% uptime across its fleet of robotic systems, thanks to its AI-based monitoring and remote support. Clients have access to a real-time dashboard and mobile app for monitoring equipment and gathering operational metrics, ensuring transparency and accountability. This level of detailed monitoring helps businesses make data-driven decisions and optimize their operations for maximum efficiency and productivity.

Formic Technologies' Client Support and Resources

Formic Technologies goes beyond providing automation solutions by offering a range of client support services and resources. Each client is assigned a dedicated automation success team to ensure seamless integration and optimal performance of the robotic systems. The company also offers a free 3D simulation to demonstrate how automation can work in a client's specific environment, along with a comprehensive guide on getting started with robotic automation. Additionally, Formic provides a ROI calculator and US labor wage data reports to help clients assess the financial impact of implementing automation, facilitating informed decision-making.