COLUMBUS, Ohio, Dec. 20, 2021 /PRNewswire-PRWeb/ -- Speed Reducers are the core components of industrial robots and represent a significant portion of their lifetime costs. The current market is divided in two main camps. High precision, low torque speed reducers in one end and high torque, low precision on the other spectrum.
"CWD has created a third industry standard where end clients no longer have to choose between precision and torque density" said Dr. Shan Guan, CTO of CWD.
CWD original wobble ring technology was developed at The Ohio State University by robotics pioneer Dr. Yuan Zheng. The technology was licensed by Ikove Startup Nursery and further developed into an IP powerhouse under the technological leadership of Dr. Shan Guan.
"The speed reducer market is ripe for disruption; a global duopoly of two Japanese companies, with dated technology and high margins controls around $1 billion in annual revenues and $7 billion in market capitalization." Said Flavio Lobato, CEO and Founder of CWD. "CWD will have a very unique offering in an industry aching for innovation and significant unmet needs".
The company will be launching an Institutional funding round in January 2022 to fund its next stage of development and manufacturing of its novel speed reducers. They expect to have first products in the hands of robotics manufacturers during the second half of 2022.
About Circular Wave Drive
CWD is a company focused on the development of unique Speed Reducer technology for the $23 billion a year industrial robotics market. The company is headquartered in Columbus, Ohio.
About Ikove Startup Nursery
Founded in 2014, Ikove bridges the gap between lab and market by identifying and vetting unique technologies and launching those into successful technology companies. Since inception, Ikove has launched 20+ companies with over half a billion in equity value created.
Flavio Lobato, Circular Wave Drive, 1 (917) 620-1106, [email protected]
SOURCE Circular Wave Drive