Jacobs and UK Government to Fund International Robotics Research Center By $11M Over Five Years
Portfolio Pulse from Benzinga Newsdesk
Jacobs (NYSE:J) and the University of Manchester will create a new international research center, CRADLE, to develop robotics and autonomous systems for climate response. The center will be co-funded by Jacobs, the University of Manchester, and the UK EPSRC's Prosperity Partnerships program, with a total value of $11 million over five years.
May 25, 2023 | 8:17 am
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Jacobs is co-funding the creation of a new international research center, CRADLE, with the University of Manchester and the UK EPSRC, investing $11 million over five years.
The creation of CRADLE will position Jacobs as a key player in the development of robotics and autonomous systems for climate response. This partnership with the University of Manchester and the UK EPSRC will enhance Jacobs' reputation and potentially lead to new business opportunities in the future. The $11 million investment over five years demonstrates the company's commitment to this project, which could have a positive impact on its stock price in the short term.
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