Japan robot suit firm lists on stock market

March 26, 2014
University of Tsukuba professor and president of Cyberdyne Yoshiyuki Sankai (L) unveils a robot suit at the Japan Robot Week exhibition in Tokyo, on October 18, 2012

Cyberdyne, the maker of a battery-powered exoskeleton robot suit, made its stock market debut on Tuesday, as the firm looks to raise money to boost its research.

The Japanese robot venture provided 10.85 million shares, which did not trade in the early session, with buy orders overwhelming sell orders.

But things took off in the afternoon, with the price swinging between 7,950 yen and 10,010 yen, before settling on 9,600 yen at the close.

The offering was made at the Tokyo Stock Exchange's Mothers market, a forum aimed at providing venture companies access to funds at an early stage of their development.

Cyberdyne, based in Tsukuba, northeast of Tokyo, has developed a robot suit that can help the elderly or disabled get around. Its Hybrid Assistive Limb, or HAL, is a power-assisted pair of legs.

The company has also produced a brainwave-controlled that allows wearers to don heavy radiation protection without feeling the weight, possibly offering utility to workers at the crippled Fukushima nuclear plant.

A huge tsunami in March 2011 smashed into the power plant, sparking meltdowns that forced the evacuation of a huge area of northeastern Japan.

The decommissioning of the crippled plant is expected to take several decades.

Cyberdyne is unrelated to the fictional firm responsible for the Terminator in the 1984 film of the same name, and HAL's naming is said to be unconnected to the sentient computer in the film 2001: A Space Odyssey.

The firm was established in 2004 to disseminate the research results of Tsukuba University professor Yoshiyuki Sankai.

Industrial robots have long been used in Japan, and robo-suits are gradually making inroads into hospitals and retirement homes.

Explore further: Japan's robot suit to bring hope to the disabled

Related Stories

Japan's robot suit to bring hope to the disabled

December 12, 2010

Japan's Cyberdyne may share its name with the company responsible for nuclear destruction and the killer robots of the "Terminator" movie series, but the similarities end there.

Japan firm unveils robot suit for nuclear workers

November 7, 2011

The Japanese maker of an exoskeleton robot suit to assist walking on Monday unveiled a model that could help nuclear workers weighed down by heavy anti-radiation vests in contaminated zones.

Japan to field test rehabilitation robots

February 12, 2013

(Phys.org)—Ten hospitals in Japan are set to begin testing the use of a robot known as "Robot Suit HAL" starting next month. The purpose of the test will be to determine whether use of the robot is beneficial to patients ...

Recommended for you

Tech leaders warn over 'killer robots' (Update)

July 28, 2015

A group of top tech leaders, including British scientist Stephen Hawking and Apple co-founder Steve Wozniak, on Tuesday issued a stern warning against the development of so-called killer robots.

Software turns smartphones into tools for medical research

July 27, 2015

Jody Kearns doesn't like to spend time obsessing about her Parkinson's disease. The 56-year-old dietitian from Syracuse, New York, had to give up bicycling because the disorder affected her balance. But she still works, drives ...

Where is solar power headed?

July 22, 2015

Most experts agree that to have a shot at curbing the worst impacts of climate change, we need to extricate our society from fossil fuels and ramp up our use of renewable energy.

1 comment

Adjust slider to filter visible comments by rank

Display comments: newest first

antialias_physorg
not rated yet Mar 26, 2014
Cyberdyne? They didn't trademark that? Next we'll see Weyland-Yutani digging on asteroids.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.