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Amazon is Buying Cloostermans in Another Move to Expand its Robotic Workforce

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Cyber Monday 2016 at Amazon Fulfillment Center in Dupont WA. (Photo by GeekWire/Kevin Lisota)

In a further push to accelerate the engagement of robots as part of its workforce; Amazon said Friday it has acquired a Belgian company, Cloostermans, which designs technology to manage the flow of robots through warehouses.

The acquisition adds to the e-commerce giant’s investments in tools to automate its logistics network, a move that has seen significant increase in recent time. Amazon has acquired other robotics in Europe as its workforce dwindles amid labor disputes.

Though Amazon did not disclose details of the deal, Cloostermans will be added to the division of 2012-launched Amazon Robotics.

“We’re thrilled to be joining the Amazon family and extending the impact we can have at a global scale,” said Frederik Berckmoes-Joos, CEO of Cloostermans, in a statement in a blog post published by Amazon. “Amazon has raised the bar for how supply chain technologies can benefit employees and customers, and we’re looking forward to being part of the next chapter of this innovation.”

A decade after the acquisition of Kiva Systems, its first foray into robotics, Amazon has acquired iRobotm, Dispatch, Zoox and Canvas technology in deals worth billions of dollars.

“Amazon’s investments in robotics and technology are supporting how we build a better and safer workplace for our employees and deliver for our customers,” Ian Simpson, vice president of global robotics at Amazon, said in a company blog post.

However, the push is believed to have been inspired by labor shortage in the US, which recently has seen the rise in companies shutting down because they can’t find workers.

Cloostermans builds technology to move and stack heavy palettes and totes, and robotics used to package products for customer orders. Amazon has been using those products or its e-commerce operation since 2019, making it a long customer of Cloostermans. The ecommerce leviathan said it’s making the acquisition to ramp up its R&D and deployment in that area.

The technology, the company said, will help robots operate alongside its warehouse employees, including to improve worker safety and to reduce packaging waste.

Amazon’s decade-long foray into robotics has seen the deployment of more than 520,000 robots in its warehouses. The company said it recently added its first fully autonomous mobile robot, which can maneuver around employees and does not need to be restricted to certain areas of a warehouse.

Amazon’s romance with robot staff was notable in the wake of Covid-19, which came with a level of unprecedented surge in retail sales. With the safety restrictions limiting human contact, Amazon touted drone delivery.

But a lot has changed since then. With the safety restrictions lifted as the pandemic’s waves die down, Amazon is relaxing its logistics expansion plan as the Covid-induced surge in e-commerce orders has dropped significantly.

However, Amazon is yet to contain its labor crisis. With unionization growing across its warehouses amid staff shortage, it looks like robots will form an integral part of the company’s future as it is counting on automation as part of its strategy to serve its growing markets.

Cloostermans was founded in 1884 as a manufacturer of machinery for textiles manufacturers, and has been redesigned over the years to serve as an engineering and automation company. Although Amazon did not share terms of the deal, Cloostermans’ about 200 employees will likely form part of the deal – joining Amazon.

Victor Ekpenyong Funds 30 Scholarships to Tekedia CollegeBoost

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Tekedia Institute is very excited to announce that we have received more scholarship funds. Victor Ekpenyong, CEO of Kenyon International West Africa Limited is funding 30 scholarships to enable college students in African universities, polytechnics and colleges of education attend Tekedia CollegeBoost, a mini-MBA designed for college students.

We want to thank Mr. Ekpenyong for his generosity. We wish Kenyon more wins across markets and territories.

Eyitayo Adeleke, mMBA will work with our non-profit partners to handle the selections. Follow Tekedia Institute as they do that via that handle; I will also share here.

What is the Token to the Cryptoverse Rescue? It is Neither Flow Nor Aave but Big Eyes Coin (BIG)!

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The universe has been experiencing a great influx of cryptocurrencies since the invention of Bitcoin. However, some of these coins are just hype but no action. In fact, others cause harm to the ecosystem as mining poses great risk to the world’s ecosystem. Nevertheless, Big Eyes Coin (BIG) is here to the rescue. Join the train as Big Eyes Coin (BIG) does what Flow (FLOW) and Aave (AAVE) have failed at.

Why Users Should Not Miss Out of the Big Eyes Coin (BIG) Community

Big Eyes Coin (BIG) is exclusively a community token with an ecosystem that is created on user participation and monetization. Big Eyes Coin (BIG) is vested with the objective of veering crypto wealth into the Decentralized Finance (deFi) ecosystem while safeguarding the marine territory; an essential component of the world’s ecosystem. To this effect, a visible charity wallet has been designed to earmark 5% of Big Eyes (BIG) tokens for safeguarding the oceans. Community tokens are tested and trusted sources of wealth for Community and charity. However, Big Eyes Coin’s intentions transcend generating 1000x profits. Big Eyes Coin (BIG) yearns to give its users more. This it will, by assembling a self-propagating blockchain ecosystem with a hyper growth. The blockchain will utilize Non-Fungible Tokens (NFTs) to provide users with permission to more events and contents that will endear users to the token and its blockchain.

Additionally, Big Eyes Coin (BIG) is cooking up NFT collections that will be rated in the top ten. This indicates that the community is bound to get value for its token. In addition, profits from NFT events will undergo a burn or not to burn vote by the community. Users have no worries as transactions are void of pay and buy tax, and fees. So, it is not just hype after all, it is action.

200 billion Big Eyes (BIG) tokens have been minted. 70% was for sale during the public presale. 20% was for exchanges. 5% was for marketing wallet. 5% was for charity. 10% was for tax NFTs. 4% was allocated to the actual seller(s) of the NFTs. 5% was allocated to holders. 1% was for charity.

Own, Stake And Earn Freshly Minted Flow (FLOW) Tokens

Flow (FLOW) is the local token of the Flow blockchain. In fact, it is crucial to conserving and running the Flow (FLOW) blockchain. Flow was developed to deliver a blockchain that possesses dependable decentralization and is void of sharding. It is also meant to supply scalable solutions and applications for games, apps, and further digital assets. Flow (FLOW) tokens can be employed as the foremost payment currency of Decentralized Applications (dApps) running on the Flow blockchain. These dApps can also use Flow (FLOW) tokens for other transactions. They could even suffice as rewards when users earn. Moreover, users who own and stake Flow (FLOW) tokens have the potential to become nodes. They also become authorized to  partake in the management of the platform. Such users are rewarded by Flow with a mixture of freshly minted Flow (FLOW) tokens and a percentage of the transaction fees.

Loan Aave (AAVE) Tokens And Enjoy Liquidity

Aave is a Decentralized Finance (DeFi) lending and borrowing platform. Aave (AAVE) token is an ERC-20 governance token as well as the currency of the Aave blockchain. As a governance token, it comes handy in decisions regarding the development of Aave protocol and delivery of its services. Aave provides liquidity to its users when users loan their tokens by proposing inviting interest rates to lenders. However,  users hoping to borrow are given competitive rates. Nevertheless, borrowers are required to supply a loftier value of Aave (AAVE) tokens than they want to borrow. This procedure is known as collateral.

The Big Eyes (BIG) token’s and network’s goal is not one meant to fade with the night. For a protracted tenure, Big Eyes Coin (BIG) is resolved to contend on an efficient and technical echelon with currencies that are top bananas in the cryptoverse.

To find out more about Big Eyes Coin (BIG), visit the links below:

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Protect your idea and trade secret with non-disclosure agreement.

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Legal document Non-Disclosure Agreement on paper close up

Yesterday, a client came knocking at my office door saying that he has this billion dollar idea but due to lack of capital he cannot fund or execute it. He instead has set up a meeting with a prospective investor that will finance that idea but he is worried that if the investor ends up not working with him the investor may steal the idea since he will be divulging the idea to the investor at the course of the meeting. 

Many start-up founders and business owners have this worry. The worry of losing their ideas, patent rights, and trade secrets to prospective investors in the quest of getting funding or the worry of losing their trade secrets to their employees, interns, independent contractors, or project managers. Many have even learned the lessons of seeing their ideas or being executed by someone else they opened up to.

The good news is that the legal fulcrum has handled this fear by providing a binding contractual document that you as a startup founder or business owner should arm yourself with. 

You are to enter into this contract with your employees or with your prospective investor(s) before you divulge your billion-dollar ideas or expose your trade secrets.

 This contractual document is called a non-disclosure agreement.

A non-disclosure agreement is a legal contract or part of a contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or wish that the information remains between the two parties and never to be disclosed to someone else or never for the other party to independently utilize the idea in the absence or without the authority or consent of the originator of the idea. 

An NDA (as it is fondly called) creates a confidential relationship between the parties, primarily to protect any type of confidential and proprietary information or trade secrets. 

A non-disclosure agreement can be entered between a company/business owner and the employees, independent contractors, or project managers. It can also be entered between a person or a company with an investor or a financier. 

The purpose of a Non-disclosure agreement is primarily to Protect your idea or your trade secrets. 

If you are in a manufacturing business or producing products where the intricate buildup of that product is not of public knowledge and you want it to remain a secret and only be known to the employees of the company, the best way to protect that trade secret or make it remain confidential information is to have your employees, interns, consultants, or partners sign an employee NDA to agree to keep that business information secret. 

On that note, if you have a billion-dollar idea and you have been struggling with executing it due to lack of finance and you have the opportunity of taking it to investors or financiers, make sure you go along with a legal contract called a non-disclosure agreement.