United States Steel Corporation Announces Strategic Investment in Carnegie Foundry to Accelerate Advanced Robotics and Autonomy Capabilities
26 Janeiro 2022 - 12:07PM
Business Wire
United States Steel, (NYSE: X) (“U. S. Steel”) a leading steel
producer and Carnegie Foundry, a leading robotics and AI studio –
today jointly announced a strategic investment and partnership. The
two Pittsburgh based companies will work to accelerate and scale
industrial automation driven by advanced robotics and AI.
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“With this investment in Carnegie Foundry we continue to
progress our Best for All℠ strategy to innovate new ways to serve
our customers through profitable solutions for people and the
planet,” said U. S. Steel President and Chief Executive Officer
David B. Burritt. “The Carnegie Foundry team are clear leaders and
innovators in autonomy and this partnership keeps us at the
forefront of emerging innovation in robotics and autonomous
solutions for industry. These highly advanced technologies will be
essential to continue fulfilling our customers’ needs for a robust
and resilient supply chain.”
“We are very excited to have U. S. Steel as a key partner,” said
Carnegie Foundry CEO Dr. Robert J. Szczerba. “Our goals are aligned
and our innovations in automation complement U. S. Steel’s ongoing
work. It’s our good fortune that we found investment, aligned
mindsets and large-scale industrial specialization with the team at
U. S. Steel.”
Carnegie Foundry will use this investment to accelerate venture
opportunities - commercializing and scaling its industrial
automation portfolio of robotics and AI technologies in advanced
manufacturing, automated warehouses and supply chains, industrial
robotics, integrated systems, autonomous mobility, voice analytics
and more.
Carnegie Foundry, through its relationship with the world leader
in autonomous robotics - the National Robotics Engineering Center
(NREC) at Carnegie Mellon University - combines expertise from
decades of applied R&D work in autonomy with highly strategic,
corporate venture capital partners like U. S. Steel to bring
multi-use technology solutions to market.
As part of this strategic relationship, U. S. Steel Corporation
will join Oshkosh Corporation (NYSE: OSK), both anchor investors,
on the Carnegie Foundry Board of Directors. Terms of the deal were
not disclosed.
About United States Steel Corporation
Founded in 1901, United States Steel Corporation is a leading
steel producer. With an unwavering focus on safety, the company’s
customer-centric Best for All℠ strategy is advancing a more secure,
sustainable future for U. S. Steel and its stakeholders. With a
renewed emphasis on innovation, U. S. Steel serves the automotive,
construction, appliance, energy, containers, and packaging
industries with high value-added steel products such as U. S.
Steel’s proprietary XG3™ advanced high-strength steel. The company
also maintains competitively advantaged iron ore production and has
an annual raw steelmaking capability of 26.2 million net tons. U.
S. Steel is headquartered in Pittsburgh, Pennsylvania, with
world-class operations across the United States and in Central
Europe. For more information, please visit www.ussteel.com.
About Carnegie Foundry
Carnegie Foundry is a unique Robotics and AI venture studio,
headquartered in Pittsburgh, PA. In partnership with the world
leader in autonomous robotics and AI - the National Robotics
Engineering Center (NREC) at Carnegie Mellon University – we
develop, mature and commercialize cutting-edge intellectual
property and advanced prototypes, already market tested and primed
for new and expanded applications. For more information visit
carnegiefoundry.com or contact us at info@carnegiefoundry.com.
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John O. Ambler Vice President Corporate Communications T – (412)
433-2407 E – joambler@uss.com
Kevin Lewis Vice President Investor Relations T – (412) 433-6935
E – klewis@uss.com
Carnegie Foundry info@carnegiefoundry.com
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