Balyo : 2020 targets abandoned due to COVID-19 / Unexpected change to the board of directors
>COVID-19 impact: delays to ongoing projects (assembly of robots, installations) to be expected, guidance not reiterated - Balyo yesterday evening released an update on COVID-19 and its business. The production of kits and the assembly of autonomous mobile robots had until now remained on schedule, whilst the majority of the group’s employees are working remotely (including R&D).That said, Balyo indicates that its current stocks should enable it to continue the a...Balyo SA is a France-based company that designs robotic navigation solutions which are installed into forklifts and allow them to automatically transport pallets. The Company's apparatus is equipped with the guidance technology called Geoguidage. The Geoguidage system is installed in a module which is attached to the forklift, and allows the vehicle to calculate its position and memorize the layout of the warehouse. Its equipment allows detection of pallets, containers and dollies; stacking pallets; read barcode; towing loads; interactions with conveyors and doors, etc; scalable setting and automatic modes, among others. The Company's products are used in logistics and in industry.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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