ROBO GROUP TEK LT, (ROBO) Stock Research Free Stock Rating

Company Profile

RoboGroup T.E.K., Ltd. provides proprietary technologies in the areas of robotics, motion control, smart memory, and technology education. The company offers Technology for Engineering and Automated Manufacturing (TEAM), a educational program designed to provide educators tools for preparing students for careers in engineering, manufacturing, and industrial technology. It includes LearnMate (learning management system and control) and simulation software and hardware products. It develops and markets robotic products, automation products, computerized numerical control machining, and software for computer aided design and computer aided manufacturing. It also offers various other products for educational institutions in Israel and abroad. The company’s educational sector customers include universities, colleges, high schools (technical and vocational), junior high schools, and research and developments institutions. RoboGroup, through its subsidiary, Yaskawa Eshed Technology, Ltd., engages in the development and manufacture of motion control products for the industrial market. The company, through MemCall LLC, engages in the development of search technology intended to reduce the time for locating and retrieving data in computers and communications networks. It markets its products through its subsidiaries and independent distributors in Asia, Europe, and South America. The company was incorporated in 1982 as Robotec (G.A.L.) Industrial Robotic Technology, Ltd. and changed its name to Eshed Robotec (1982), Ltd. in 1983. The name was further changed to RoboGroup T.E.K., Ltd. in 2001. The company is headquartered in Rosh Ha’Ayin, Israel.

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