Industrial Robot Installations Hit Record Highs Amid Labor Shortage Crisis
GlobeNewswire reports global industrial robot installations rose to 542,000 units in 2024, with installation value reaching a record $16.7 billion, citing the International Federation of Robotics. Nightfood Holdings Inc., doing business as TechForce Robotics (OTCQB: NGTF), said it signed a nonbinding LOI with NBR Intelligence to pursue a factory automation program targeting up to 5,000 systems, starting with five pilots in 120 days.

