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Humanoid Global Holdings Corp. (“Humanoid Global” or the “Company”) (CSE:ROBO, FWB:0XM1, OTCQB:RBOHF), a publicly traded investment issuer focused on building and accelerating a portfolio of pioneering companies in the humanoid robotics and embodied AI sector, is pleased to announce that it has committed to a strategic investment into Formic Technologies Inc. (“Formic”).
Formic aims to make it possible for small to mid-sized American manufacturers to accelerate the adoption of automation through its “Robotics-as-a-Service” model, which is designed to enable rapid, scalable deployment with reduced operational risk. Its customers have access to state-of-the-art equipment, 24/7 service and maintenance, and advanced productivity software, all with no upfront capital expenditure and a single fixed monthly fee1.
“By helping to reduce financial and operational barriers, Formic seeks to enable more manufacturers to make the strategic decision to automate with greater confidence in their ability to maintain reliable consistency and quality, while also supporting improvements in employee safety and well-being,” said Shahab Samimi, CEO of Humanoid Global. “We believe that projected labor shortages in manufacturing could negatively impact productivity and contribute to instability across the supply chain and, by extension, the broader economy.”
Formic reports that its systems can be configured for a wide range of tasks across various environments. According to the company, its deployed robots have collectively packed and stacked more than 1.2 billion products, achieved uptime levels of approximately 99%, and contributed to a significant reduction in reported customer safety incidents.
Formic has received international recognition for its work in industrial automation, having been named a Technology Pioneer by the World Economic Forum in 20232, included on Fast Company’s Most Innovative Companies list3, and featured in Andreessen Horowitz’s American Dynamism Top 504, among other recognitions.
Humanoid Global has committed $US 99,997 to its strategic investment in Formic. The investment has not yet been completed and remains subject to customary closing conditions. The Company will provide additional details regarding the investment in a future news release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This press release is not for distribution to U.S. newswire services nor for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.