U. S. Steel Makes Strategic Investment in Pittsburgh-Based Autonomous Warehousing Pioneer -- Freespace Robotics - Seite 2

As part of this investment, U. S. Steel’s Director of Strategy & Corporate Development, Jim Cook, will join the Freespace Robotics Board of Directors. Additional terms of the deal were not disclosed.

About U. S. Steel

Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company’s customer-centric Best for All strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3 advanced high-strength steel. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.

About Freespace Robotics

Freespace Robotics is a warehouse automation company with a reimagining of Automated Storage and Retrieval Systems (AS/RS) that are space efficient and high-speed; capable of high-volume movement of goods, in nearly any size, shape, and temperature environment. We are a robotic automation and AI company laser-focused on delivering unimagined advances in order-fulfillment and movement of goods. Freespace Robotics is based, rooted, and embedded in Pittsburgh, where industrial innovation and AI is bred, deployed and acquired. To learn more about Freespace Robotics, please visit www.freespacerobotics.com.

Inquiries:
Investment: Matthew B. Wachter, [e-mail]
Pilot / Sales: Karl Sanchack, [e-mail]

About Carnegie Foundry

Carnegie Foundry is a unique Robotics and AI venture studio, headquartered in Pittsburgh, PA. In partnership with the world leader in autonomous robotics and AI - the National Robotics Engineering Center (NREC) at Carnegie Mellon University – we develop, mature and spin out companies that commercialize cutting-edge intellectual property and advanced prototypes, already market tested and primed for new and expanded applications. For more information visit www.carnegiefoundry.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240310404334/en/

The United States Steel Stock at the time of publication of the news with a raise of +0,16 % to 43,47EUR on Tradegate stock exchange (11. März 2024, 08:00 Uhr).