Brisbane, Australia – June 2021
About IMI Precision Engineering (a division of IMI plc)
IMI plc, is a global engineering company that is listed on the London Stock Exchange, and that designs, manufactures and services highly engineered products that control the precise movement of fluids. Revenues in 2020 were £1,825m and operating profit £285m. Market capitalisation is c.£3.5bn. Precision Engineering is IMI’s largest division with c.£900m of revenues and specialises in developing motion and fluid control technologies for applications where precision, speed and reliability are essential. The division has a range of diverse end markets with an excess of £400m of its revenues coming from Factory Automation. In Factory Automation we have a large number of longstanding customer relationships – mainly end user, OEM and distribution – focused in the United States and EMEA.
Context: IMI’s focus on innovation
Since 2019, IMI has started a new approach to market-led innovation – internally we call this our Growth Hub. At any time Precision Engineering has up to 20 small teams working on innovating in spaces in which we have identified an acute customer problem that is common across a sufficiently large customer segment to create a large opportunity for growth for IMI.
Dr Jürgen ‘Juxi’ Leitner
LYRO Robotics Pty Ltd (ABN 47 635 402 489)
6 Electronics St, Eight Miles Plain, QLD 4113, Australia
ABOUT LYRO ROBOTICS
LYRO Robotics is an Australian robotics company, incorporated in August 2019. It leads the push to create intelligent robots for order fulfilment in warehousing and logistic scenarios in Australia. LYRO is creating ‘the brains, eyes and hands’ for the next generation of robots. LYRO is in the business of developing state-of-the-art robotics, computer vision and artificial intelligence to visually identify, locate, pick and pack a large range of inventory stock. Dr Leitner previously led the Australian Centre for Robotic Vision’s Manipulation and Vision research program before taking the leap into the world of start-ups with fellow Centre Research Fellow, Dr Nicole Robinson, and former Research Student, Mr Norton Kelly-Boxall. LYRO Robotics was born after Dr Leitner led “Team ACRV” to victory at the 2017 Amazon Robotics Challenge in Japan with the only custom-built robot in the global competition.