Formic announced the introduction of Formic Flex – a unique service offering that recognizes the shifting needs and changing requirements that manufacturers face. Formic Flex enables manufacturers to subscribe to robotic systems by the hour and when their needs shift, swap those systems for other systems at no cost. Allowing manufacturers to boost their productivity without being tied to specific equipment, Formic Flex applies to selected and certified robotic tenders across various applications, such as machine tending, welding, palletizing, depalletizing, and case packing.

Reflecting Formic’s commitment to minimizing the barriers to automation for US manufacturers, Formic Flex protects businesses that don’t have long-term visibility into their operations from tying up their capital in equipment they can no longer use. As their operational needs change, Formic customers can simply change their robotic system, without paying additional fees.

Formic Flex adds to the company’s innovative RaaS solution, which delivers full-functioning, customized robotic systems from leading robotic vendors to customers who pay by the hour for usage. Formic owns, programs, installs, and maintains the robots at its own cost and operates a unique model in which customers do not pay until the system is deployed and fully operational. Additionally, once systems are activated, Formic covers all the engineering and costs for repair and maintenance and does not charge hourly fees during downtime.

75% of Formic’s customers deploy their first robots through Formic. With all of the complexity and risk of automating removed, these customers typically pay 42% lower operating expenses and boast a $25K annual savings per system, on average.

About Formic 

Founded in 2020, Formic is accelerating the adoption of automation across small to mid-sized US manufacturers and boosting productivity by removing the risk, complexity, upfront capital, and expertise that typically exist as barriers to onboarding this technology. The company’s “Robotics-as-a-Service” model delivers customized robots at a low hourly rate, with guaranteed uptime.

For more information, visit formic.co.