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Mugglehead Investment Magazine
Alternative investment news based in Vancouver, B.C.
UBTECH Robotics claims to make massive humanoid robot delivery, but not everyone's buying it
UBTECH Robotics claims to make massive humanoid robot delivery, but not everyone's buying it
Image credit: UBTECH Robotics

Technology

Spectacular humanoid robot video from UBTECH Robotics attracts skepticism

The CEO of a rival robotics firm is saying footage UBTECH shared is made with CGI

Ubtech Robotics Corp Ltd (OTCMKTS: UBTRF) posted an impressive-looking video on social media this week showcasing the large-scale delivery of hundreds of humanoid robots. The Chinese company’s alleged achievement could be considered a world-first in the robotics field, having never been done at such a scale before.

The footage was released in tandem with UBTECH revealing that dozens of these Walker S2 droids have now been delivered to multiple partners throughout China. It shows hundreds of the robots marching in unison within a warehouse before efficiently loading themselves into sea cans and represents itself as being genuine.

“The future of industrial automation is here,” the company said. “March forward to transformation!” 

But, regardless of whether UBTECH’s customers indeed received their robotic product, not everybody believes that the spectacular video of the bots is genuine.

Brett Adcock, founder of the autonomous humanoid robot company Figure, insists that UBTECH’s fancy vid is computer generated and inauthentic. He says the manner in which the light is reflecting off of the robots proves that CGI is responsible.

If Adcock’s accusation is true, UBTECH may be guilty of misleading investors and misrepresenting its capabilities. Thousands have viewed the footage on X and YouTube.

The development follows UBTECH claiming to have received orders for Walker S2 bots valued at an aggregate US$112 million this year. The robot manufacturer has also reported significant financial successes, including 27.5 per cent year-over-year revenue growth in H1 at US$87.3 million and a 17.3 per cent rise in gross profit during the six-month period at US$17.86 million.

Walker S2 robots have garnered a reputation for their ability to swap out their own battery packs, thereby potentially reducing downtime and the need for human maintenance going forward.

Read more: Roomba maker iRobot continues descent from floor hero to zero

Is UBTECH trustworthy?

UBTECH was the first humanoid robotics company to list on the Hong Kong Stock Exchange at the end of 2023.

The Shenzhen-headquartered firm has secured supply agreements with major automotive companies like Audi FAW, BYD Company ADR (OTCMKTS: BYDDY) and Geely Automobile Holdings Ltd (OTCMKTS: GELYF). They need robots for their warehouses. Also, influential operators in the aviation and electronics industries and certain logistics firms.

Overall, UBTECH has proven itself to be generally trustworthy — delivering genuine products, securing major supply deals and integrating AI and other technologies into its portfolio.

The robotics specialist was founded in 2012. In addition to Walker S2, UBTECH now has a portfolio of creations that include cleaning robots, delivery droids, indoor service robots and software programs.

Despite the accusation from Adcock, the company is largely credible and has established itself as a leading influence in the dominant Chinese robotics sector. But, as Adcock is the founder of multiple companies and has established a reputation in the robotics, aerospace and tech industries, his claim carries weight.

Future examinations by industry stakeholders will ultimately tell if his assessment is accurate or not.

Read more: Humanoid robot maker ‘Leju’ raises US$200M, prepares for IPO

 

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