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Members press release

Schunk, Germany - IFR Partner

SDH Hand from SCHUNK Rings NASDAQ Closing Bell

ROBO-STOX LLC, the world leader in developing investment solutions targeting the robotics and automation space, commemorated the launch of the ROBO-STOXTM Global Robotics and Automation Index ETF (Ticker: ROBO) by having a robot ring the closing bell at the NASDAQ MarketSite in New York's Times Square on Tuesday, November 12, 2013.

The ETF recently began trading on Exchange-Traded Concepts' accelerated, low-cost and private-label ETF platform. It tracks the ROBO-STOXTM Global Robotics and Automation Index, the first investment benchmark for the worldwide robotics and automation industry.

The "bell ringer," the UR5 robot arm from Universal Robots, the manufacturer of industrial robots equipped with the SDH hand from SCHUNK, was chosen to showcase a market leader within "collaborative robots," an emerging class of robots propelling the use of robotics in companies that previously thought robots would be too expensive and complex to deploy.

The 3-fingered gripper by SCHUNK, SDH, has been used in various ways especially in research and service robotics. It is unique in that it has all gear drives on board and runs on a mere 24 volt DC. Boasting 7 degrees of freedom, the hand is capable of various gripping operations. The hand can grip all kinds of workpieces from a pen to a plate. It also works delicately, able to pick up an egg without cracking it.