ROBO ROBO Global Robotics and Automation Index

RoboGroup Announces Agreement to Supply e-Learning System to Yaskawa Electric Corporation of Japan ROSH HA'AYIN, Israel, July 8 /PRNewswire-FirstCall/ -- RoboGroup T.E.K. Ltd. (NASDAQ:ROBO), today announced that it has signed an agreement with Yaskawa Electric Corporation ("YEC"), a leading Japanese industrial company, to supply LearnMate, RoboGroup's learning management system, as well as custom e-learning content. RoboGroup and YEC each hold a 50% stake in Yaskawa Eshed Technology Ltd.("YET"). The sales price for the e-learning system is $750,000. The Company will develop the custom content to assist YEC in its training efforts for its high-level suite of motion control products. The agreement provides for a multi-stage implementation of both LearnMate and the custom content over the next few quarters. RoboGroup's CEO Rafael Aravot commented: "We are delighted to have signed this agreement with YEC. We see this agreement as an important milestone in penetrating the industrial arena and we hope to leverage this success into additional agreements." About RoboGroup RoboGroup engages in three business sectors. The first sector is devoted to RoboGroup's training products and e-learning systems. RoboGroup is a world leader in engineering and manufacturing technology training systems. The Company is market driven, deriving its growth from technological leadership, strong partnerships and management expertise. The second is Yaskawa Eshed Technology (YET), a joint venture with Japan's Yaskawa Electric Corp., which provides industrial motion controls, particularly those based on its patented algorithms. The third focuses on MemCall, a fabless VLSI semiconductor developer with unique Call Out Memory(TM) technology for Internet and communications applications requiring intensive search and filter capabilities. For more information, visit http://www.robo-group.com/. To the extent that this press release discusses expectations about market conditions or about market acceptance and future sales of the Company's products, or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause results to differ materially from the statements made. These factors include the rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate, risks associated with the acceptance of new products by individual customers and by the market place and other factors discussed in the business description, risk factors and management's discussion and analysis sections of the Company's Annual Report on Form 20-F. Company contact: Talia Myron RoboGroup +972-3-900-4170 Agency contact: Ayelet Shiloni Integrated IR +1-866-447-8633 DATASOURCE: RoboGroup t.e.k. Ltd CONTACT: Company contact: Talia Myron, RoboGroup, , +972-3-900-4170. Agency contact: Ayelet Shiloni, Integrated IR, , +1-866-447-8633

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