China Securities (reporter: Pan Jian) On the evening of October 19, Greatoo announced that the company has changed its name from “Greatoo Co.,Ltd” to “Greatoo Intelligent Equipment Group Co.,Ltd”. The abbreviation of the company’s securities has changed from “Greatoo” to “Greatoo Intelligent Equipment” from October 20.

Greatoo expressed that in recent years, the company has implemented the innovation-drive strategy, accelerated the transformation and upgrading of intelligent manufacturing industries and further explored the equipment area of industry 4.0, developing the complete set of equipment of industrial robots in order to strengthen the company’s comprehensive competitive power and realize the company’s industrial plans in the future. Therefore, the company changes the company’s name and the abbreviation of its securities.

In the intelligent manufacturing exhibition of of China International Small and Medium Enterprises Fair,Greatoo showed anti-collision beam automatic stamping simulation, automatic spraying of articulated arms, robotic eletrowelding, CMM automatic detection and the robotic sword dance in the exhibition , which won praise from others.

Since the development of robotic industry, Greatoo continued to establish the research platform and industrial platform of industrial robots. It was authorized to establish “Equipment Intelligent Manufacturing Engineering Laboratory” where the company carries out the researches of intelligent equipment and technology application.  Greatoo has cooperated with Israel SAS company for a long time in the self-researches, manufacturing and sales of control system and motion controller. SAS also provides upgrading, training and support service for the authorized technology. Greatoo has clearer idea of the layout of intelligent manufacturing industries and faster pace to develop intelligent manufacturing industries .

Greatoo independently invented 6-degree light and heavy industrial robots, RV reducers, the core component of robots, the unite control system of robots and stereoscopic warehouse system with proprietary intellectual property rights. Also, the company has created a series of intelligent solutions for different industries with different needs and established the first tire mold intelligent factory in China and carried out the research and implementation of intelligent solutions. Also, the company produced the first automatic tire production line for Hangzhou Zhongce. In addition, the company has done researches about mechanical and 3C industries and successfully invented the intelligent and automatic milling processing unites and put them into use in scale.

This July, the State Council issued “The Instructions about Promoting “Internet +”. The coordination between “Internet +” and manufacturing is the important content of this document in order to integrate the use of internet and manufacturing industries, increase the level of digitization, networking and intelligence of manufacturing, strengthen the cooperation of industrial chains and develop a new collaborative manufacturing mold based on the Internet. In this month, Greatoo joint stocks in Beijing Golaxy which is based on the operation of big data service. Beijing Golaxy is one of ‘s incubating enterprises of Chinese Academy of Sciences which wants to accelerate the transformation of technical achievements and promote the establishment of high-tech enterprises. The data science and engineering research center of CAS has committed itself to the theoretical researches and system researches of Internet information mining, big data and cloud computing. The company expressed that in the future, the company will give full play to the effects of intelligent manufacturing and big data.