Ashtead Technology, a global provider of subsea rental equipment and solutions, has entered into an exclusive rental agreement with Reach Robotics, an Australian-based company specializing in the manufacture of electric robotic arm solutions for inspection-class Remotely Operated Vehicles (ROVs). The agreement designates Ashtead Technology as the exclusive rental partner for Reach Robotics’ manipulators, which are designed to enable inspection, maintenance, and repair tasks that are typically performed by more expensive work-class ROVs. These manipulators are known for being compact, lightweight, and capable of operating effectively in challenging underwater environments. By partnering with Reach Robotics, Ashtead Technology aims to enhance its offerings to support customers’ ROV tooling applications. This agreement signifies Ashtead Technology’s commitment to serving the global offshore energy market by providing advanced technologies and solutions for its customers’ projects worldwide.
The Bot Brief
The Fed's decision to halt monetary policy tightening and weak economic reports led to a significant upswing in tech stocks...
