Formic, a pioneer in robotics-as-a-service, has unveiled Formic Flex, a groundbreaking solution designed to meet the evolving needs of manufacturers. Described as "a unique service offering," Formic Flex enables manufacturers to subscribe to robotic systems on an hourly basis, providing unparalleled flexibility and cost-effectiveness.

In today's fast-paced manufacturing landscape, agility is paramount. Formic Flex empowers manufacturers to swiftly adapt to changing demands by offering the flexibility to replace robotic systems without incurring additional costs. This innovative approach liberates manufacturers from the constraints of traditional equipment ownership, allowing them to focus on enhancing productivity and efficiency.

Formic Flex caters to a diverse range of applications, including machine maintenance, welding, palletizing, depalletizing, and crating. By leveraging selected and certified robotic solutions, Formic ensures optimal performance and reliability in various manufacturing environments.

Saman Farid, CEO and Founder of Formic, underscores the significance of Formic Flex in addressing the apprehensions surrounding automation. "Manufacturers are often wary of embracing automation due to concerns about flexibility," Farid explains. "With Formic Flex, we mitigate these concerns by offering a Robotics as a Service (RaaS) solution that delivers scalability and growth without the burden of capital investment."

Central to Formic's RaaS model is its commitment to minimizing barriers to entry for manufacturers. By assuming ownership, programming, installation, and maintenance responsibilities, Formic enables customers to deploy robotic systems with zero upfront costs. This unique approach ensures that manufacturers only pay for the deployed and fully operational systems, eliminating financial risks associated with traditional automation investments.

Moreover, Formic goes above and beyond to provide comprehensive support to its customers. From engineering to repair and maintenance, Formic covers all associated costs, ensuring seamless operation and minimal downtime. This customer-centric approach has resulted in a significant uptake of Formic's robotic solutions, with 75 percent of customers initiating their automation journey through Formic.

The results speak for themselves. By partnering with Formic, manufacturers enjoy a 42 percent reduction in operating costs and achieve average annual savings of $25,000 per system. With Formic Flex, manufacturers can embrace automation with confidence, knowing that they have a partner committed to their success and growth in an ever-changing industry landscape.