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High speed handling (news with additional features)

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DGAP-News: KION GROUP AG / Key word(s): Alliance
07.09.2021 / 10:00
The issuer is solely responsible for the content of this announcement.

High speed handling

- KION Group and Fraunhofer IML launch LoadRunner, a new generation of autonomous guided vehicles

- Intralogistics group to license the research institute's driverless, AI-assisted guided vehicles

- Joint 'Enterprise Lab' to further develop highly dynamic vehicle swarm

- CEO Gordon Riske: "Artificial intelligence is revolutionizing the industry, and we are actively involved in this trend."

Frankfurt am Main, 07 September 2021 - KION GROUP AG and the Fraunhofer Institute for Material Flow and Logistics (IML) are joining forces to develop LoadRunner, a distributed-AI-assisted vehicle that can operate as a swarm, from prototype to market-readiness and work together on its ongoing technical refinement. To facilitate this, the research institute and the intralogistics specialist are establishing a joint Enterprise Lab. KION will also license the LoadRunner technology from Fraunhofer IML for use in its international group of companies.

LoadRunner from Fraunhofer IML represents a new generation of autonomous guided vehicles (AGVs) with substantial sorting capacity. Its distributed, intelligent vehicle coordination is designed to lift the high-speed AGVs to a new level of swarm robotics. The AGVs accelerate like a sports car and will open up a whole new level of performance. The common goal of the KION Group and Fraunhofer IML is to optimize AI-assisted swarm technology, from basic sensor to overarching platform, and launch it on the market.

"Artificial intelligence is revolutionizing the industry, and we are actively involved in this trend. Expanding the use of artificial intelligence in our products and software solutions is a key pillar of our KION 2027 strategy," says Gordon Riske, Chief Executive Officer of KION GROUP AG. "The innovative LoadRunner technology and the partnership with Fraunhofer IML will help us to make our customers' warehouse processes even simpler, faster, and more efficient. This will ease the burden on the local logistics teams and significantly increase profitability."

"The AI-assisted LoadRunner is the blueprint for the intralogistics sector's path toward a digital platform economy that is networked in real time," adds Professor Michael ten Hompel, Managing Director of Fraunhofer IML. "The vehicle swarms combine the capabilities of powerful sorting and material handling technology with the potential of autonomous AI-based systems. The launch of the joint Enterprise Lab with the KION Group is an important reminder of the technology's disruptive potential. Our partnership with innovative intralogistics expert KION will open up global markets for the LoadRunner."

Researching and fine-tuning together

A team of eight employees from both partners will work together in the Enterprise Lab at Fraunhofer IML in Dortmund to further develop the LoadRunner technology. The lab is scheduled to begin its work this September and will operate for a minimum of three years.

Currently, a LoadRunner can navigate in a swarm at up to 10m/s. If required, several vehicles and up to four passive trailers can link together magnetically to transport large and bulky items. Thanks to its maneuverability and omnidirectional running gear, the LoadRunner is perfectly suited to sorting and distribution processes. Loads are transferred without additional actuators solely by means of inertia when the vehicle brakes. Each LoadRunner can transport and sort a load of around 30kg, so it can be used to transport and sort luggage at airports, for example.

Developed by Fraunhofer IML, the LoadRunner was unveiled at the 2019 Digital Summit as part of a project funded by the Federal Ministry of Transport and Digital Infrastructure (BMVI). In September 2020, a trial using the LoadRunner for parcel sorting delivered the first promising results: with just 60 vehicles, it is theoretically possible to sort well over 10,000 items per hour. This means that 60 LoadRunners can already match the performance of a conventional sorting system. Unlike these, however, the LoadRunner requires far less fixed infrastructure and offers significantly faster start-up, flexible performance adjustment, and better scalability.

"In the 'Silicon Economy', the digital platform economy of the future, vehicle swarms will organize themselves and communicate with humans, platforms, and other swarms to complete their mission," says ten Hompel. "Thanks to artificial intelligence, the LoadRunner is capable of independently negotiating and accepting orders - a revolution in logistics," he adds.

The Company

The KION Group is among the world's leading suppliers of industrial trucks and supply chain solutions. Its portfolio encompasses industrial trucks, such as forklift trucks and warehouse trucks, as well as integrated automation technology and software solutions for the optimization of supply chains, including all related services. Across more than 100 countries worldwide, the KION Group's solutions improve the flow of material and information within factories, warehouses, and distribution centers.

The Group, which is included in the MDAX, is the largest manufacturer of industrial trucks in Europe in terms of units sold in 2020. In China, it is the leading foreign manufacturer (as measured by revenue in 2020) and number three overall. The KION Group is also one of the world's leading providers of warehouse automation (as measured by revenue in 2019).

At the end of 2020, more than 1.6 million of the KION Group's industrial trucks and over 6,000 of its installed systems were in use by customers of various sizes and in numerous industries on six continents. The Group currently has in excess of 36,000 employees and generated revenue of €8.3 billion in 2020.

Current KION Group images can be found in our image database at https://mediacenter.kiongroup.com/categories and on the websites of our various brands.

(fgr)

Disclaimer

This release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction.

This release contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, e.g. changes in business, economic and competitive conditions (including with respect to further developments in relation to the COVID-19 pandemic), regulatory reforms, results of technical studies, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. We do not undertake any responsibility to update the forward-looking statements in this release.

Further information for the media

Michael Hauger
Senior Vice President Corporate Communications
Tel: +49 (0)69 201 107 655
Mobile: +49 (0)151 1686 5550
michael.hauger@kiongroup.com

Frank Grodzki
Head of External Communications & Group Newsroom
Tel: +49 (0)69 201 107 496
Mobile: +49 (0)151 6526 2916
frank.grodzki@kiongroup.com


Further information for investors

Sebastian Ubert
Vice President Investor Relations
Tel: +49 (0)69 201 107 329
sebastian.ubert@kiongroup.com

Antje Kelbert
Senior Manager Investor Relations
Tel: +49 (0)69 201 107 346
antje.kelbert@kiongroup.com

Dana Unger
Senior Manager Investor Relations
Tel: +49 (0)69 201 107 371
dana.unger@kiongroup.com

Additional features:

Picture: https://eqs-cockpit.com/c/fncls.ssp?u=c701ab2ae4b93f5a2238009d1b4ad09f
Subtitle: LoadRunner by Fraunhofer IML

File: KION Group_Press Release_LoadRunnner

07.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

KION GROUP AG

Thea-Rasche-Straße 8

60549 Frankfurt/Main

Germany

Phone:

+49 69 20110-0

E-mail:

info@kiongroup.com

Internet:

www.kiongroup.com

ISIN:

DE000KGX8881

WKN:

KGX888

Indices:

MDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1231624


 

End of News

DGAP News Service

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