Berkshire Grey Secures $36 Million in New Orders [Financial Post (Toronto, Ontario, Canada)]
Berkshire Grey, Inc. - Class A (BGRY)
Company Research
Source: Financial Post
BEDFORD, Mass., Nov. 11, 2021 (GLOBE NEWSWIRE) — Berkshire Grey Inc. (Nasdaq: BGRY), the leader in AI-enabled robotic solutions that automate supply chain processes, today announced that it recently secured new orders of $36 million representing $25 million in repeat orders from a blue-chip anchor customer and $11 million from new customers (see separate release highlighting one of these new customers here ). These orders increase the Company's total orders to-date to $184 million and increase backlog to its highest level yet to $113 million. The $25 million order represents yet another follow-on order for tens of solutions to be installed in different locations, with many more locations anticipated for future orders. Advertisement Article content “Follow-on orders with blue-chip anchor customers are important indicators and align today's progress with our long-term growth plans. Our robotic picking and other automated systems are customer proven with demonstrated ROI. That, co
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