Formic Continues To Accelerate Robot Usage Growth in 2024 with 200k Production Hours, Celebrates with First Automation Community Event

CHICAGO--(BUSINESS WIRE)--Formic, a Robots-as-a-Service (RaaS) automation provider for U.S. manufacturers, announced that the company surpassed 200,000 production hours, that means Formic is delivering the equivalent of 5 months of human labor every single business day with its fleet of robotic automation equipment. To celebrate, the company is hosting its first Formic Automation Community event on January 23, 2025, at Formic headquarters in partnership with Chicagoland Food & Beverage Network.

“When we were founded in 2020, it took us over two and a half years to hit 50,000 production hours. Since then, every production milestone has been achieved faster than the last,” Formic CEO Saman Farid said. “For comparison, growing from 150,000 to 200,000 production hours took just 94 days and our robots have 99.8% uptime. This huge achievement reflects market demand. We’re opening our doors for this event to help as many businesses as we can embrace automation in the new year.”

This Formic and Chicagoland Food & Beverage Network event will connect industry leaders interested in learning how automation can improve production throughput, end temporary labor permanence, increase safety, and reduce overall operational costs. Through first-hand customer automation success stories, live robot product demonstrations, and real-time ROI calculations business leaders will learn how Formic’s Full Service Automation solutions transform production floors with no capital investment, automation experience, or new employee hires required.

“It’s not surprising that Formic is experiencing such rapid growth, especially when it comes to robot usage hours,” said Alan Reed, Executive Director of Chicagoland Food & Beverage Network. “Formic offers something no other automation company does: an entirely predictable cost structure across labor, maintenance, and spare parts. Plus, you have full support and unlimited production growth capability with no marginal or incremental costs. That’s unheard of in this industry.”

On top of hitting 200,000 production hours at record pace, Formic also achieved these industry-leading production milestones in 2024:

• 1.2+ billion products packed and stacked by Formic robots
• 180% growth in market demand
• 99.8% uptime
• 98% contract renewal rates

The first Formic Automation Community event will take place from 8-11 a.m. CST at Formic’s headquarters at 10210 Werch Drive, Suite 205 in Woodridge, IL. Future events will be held at different Formic customer facilities across the U.S. in California, Illinois, Pennsylvania, Minnesota, and others. You can explore the full 2025 Formic event calendar here.

About Formic

Formic was founded in 2020 to accelerate the accessibility of automation across American manufacturing by delivering the positive outcomes that robotic automation enables: more capacity, consistency, and reliability; less cost, downtime, and worker safety issues. Our Full-Service Rental program includes 24/7 technical support, 100% maintenance coverage, and guaranteed performance rates with $0 CapEx at a fixed monthly rate. Our product is productivity, and our robotic systems are a consistently dependable employee in facilities struggling with ongoing labor shortages and production downtime. Learn more at formic.co or by emailing [e-mail].