U.S. Steel Announced Strategic Investment in Freespace Robotics

SEATTLE (Scrap Monster): Leading steelmaker United States Steel Corporation (U.S. Steel) announced strategic investment in Pittsburgh-based Freespace Robotics- a leading manufacturer of robotic storage and retrieval systems, widely used in warehouses across the globe.

RELATED NEWS:

U.S. Steel Named One of the World's Most Ethical Companies for Third Year in a Row

United Steelworkers Signs Non-Disclosure Agreement with Nippon Steel

Christian Gianni, U. S. Steel Senior Vice President & Chief Technology Officer stated that the investment will not only promote innovation, but also support regional economy and its workforce. Freespace has ambitious growth plans rooted in Pennsylvania, the company’s hometown. The investment underscores the company’s ambition to be a force for innovation in the U.S. and beyond. U.S. Steel understands the essentiality of highly advanced technologies like those offered by Freespace so as to ensure a robust, resilient, and more efficient supply chain, Gianni added.

As part of the agreement, Jim Cook, Director of Strategy & Corporate Development at U.S. Steel will join the Freespace Robotics Board of Directors. More details of the deal are awaited.

Freespace Robotics is a portfolio company from Carnegie Foundry, in which U.S. Steel is also an anchor investor.