Tennant Company and Brain Corp Sign Exclusive Technology Agreement to Accelerate Innovation and Adoption of Robotic Floor Cleaning

2024-02-23 00:59:45

A Tennant Company (NYSE: TNC), a leading global developer, manufacturer and marketer of solutions to reinvent the way the world cleans, and Brain Corp, a leading autonomous technology company creating transformative robotics and artificial intelligence (“AI”) solutions ), jointly announce an exclusive technology agreement to accelerate the development and adoption of the next generation of robots in the floor cleaning industry. This important agreement builds on the historically successful partnership between the two companies and seeks to accelerate innovation. Tennant and Brain Corp bring complementary strengths to the relationship that create an exceptional customer support ecosystem. Tennant has a more than 150-year history of developing industry-leading cleaning equipment and has extensive direct sales and service coverage. Brain Corp offers industry-leading AI-enabled AMR cleaning technology, with more than 6,500 Tennant cleaning robots in the field, powered by Brain. We expect Tennant’s purpose-built robotic equipment, powered by Brain Corp’s next-generation, AI-based autonomous navigation technology, to enhance customer return on investment and enable more customers to invest in robotic cleaning.

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“Our customers have always relied on Tennant for equipment innovation and after-sales support to address key business challenges such as labor shortages and cost pressures,” said Tennant Company President and CEO Dave Huml. “Our partnership with Brain Corp has already produced an industry-leading portfolio of autonomous equipment in this fast-growing space. We are excited to expand our existing partnership to definitively accelerate the robotic cleaning transition and drive adoption in new segments of our markets. By combining cleaning intelligence and automation, we will be positioned to lead the disruption that AI-enabled robotic technology will bring to our industry.”

In the second quarter of 2024, Tennant plans to launch the new X4 ROVR, the first Autonomous Mobile Robot (AMR) built exclusively for the company. The X4 ROVR offers greater maneuverability, is specifically designed for operation in smaller spaces and is powered by Brain Corp’s suite of state-of-the-art navigation software and hardware, which will be available exclusively on Tennant machines for floor care applications. Its compact size, better obstacle detection and greater mobility will result in fewer technical calls and will provide a significant improvement in the customer’s ROI (return on investment). The X4 ROVR is expected to drive an increase in the adoption of robotic cleaning, as it offers an avenue of access to customers for whom robotic technology was previously out of reach. The X4 ROVR is the first of many AMR cleaning products planned for the future, powered by Brain Corp’s cutting-edge technology, that will be exclusively available on Tennant equipment. With this agreement, the partnership seeks to accelerate the construction of a portfolio of robotic floor cleaning solutions to cover more cleaning applications and improve customer return on investment to encourage adoption.

Tennant and Brain Corp bring complementary strengths to the partnership that are positioned to drive accelerated adoption of robotic cleaning. Tennant has a more than 150-year history of developing exceptional cleaning equipment, a strong go-to-market strategy and a differentiated customer support ecosystem. Brain Corp delivers industry-leading, AI-enabled AMR cleaning technology with more than 6,500 Tennant cleaning robots in the field, powered by BrainOS^®.

With this agreement and starting with the X4 ROVR, Tennant will begin offering an all-in-one AMR solution, with autonomy equipment and services bundled together as a single solution sold by Tennant. This new approach will simplify the purchasing experience for customers and allow Tennant to benefit from recurring revenue for autonomy services in the future.

“This partnership further aligns the two companies driven by a shared goal: to increase productivity and efficiency, while also providing essential support to cleaning teams facing staff shortages and overwhelming demand,” said Brain Corp CEO David Pinn. “At Brain Corp, we envision a world where people’s lives become safer, easier, more productive and more fulfilling with the help of robots, and I believe this expanded partnership will make that a reality.”

“Innovation and customer focus are a significant part of Tennant’s identity,” said Huml. “This partnership expands our commitment to innovation, as well as positions Brain Corp as a pioneer in AI and automation applied to cleaning equipment. We are excited to unlock the full potential of next-generation robotic floor cleaning solutions that deliver true business value to customers using our AMR equipment today and to those eagerly awaiting an AMR solution they can leverage for their business. ”

With this deal, Tennant invested $32 million in Brain Corp. Fay West, senior vice president and chief financial officer of Tennant Company, will join Brain Corp.’s board of directors.

About Tennant

Founded in 1870, Tennant Company (NYSE: TNC), headquartered in Eden Prairie, Minnesota, is a global leader in designing, manufacturing and marketing solutions that help create a cleaner, safer and healthier world. Its innovative products include equipment for maintaining surfaces in industrial, commercial and outdoor environments; detergent-free cleaning technologies and other sustainable cleaning technologies; and cleaning tools and supplies. Tennant’s global field service network is the most extensive in the industry. Tennant Company had 2023 sales of $1.24 billion and has approximately 4,457 employees. Tennant has manufacturing operations worldwide and sells products directly in 15 countries and through distributors in more than 100 countries. For further information, visit www.tennantco.com e www.ipcworldwide.com.

Sobre a Brain Corp

Brain Corp is a global leader in artificial intelligence (AI) robotic software that powers the largest fleet of autonomous mobile robots (AMRs) operating in commercial public spaces. Global OEM partnerships leverage the company’s cloud-connected platform, BrainOS ^®, to create scalable, autonomous robots that are used by end customers for cleaning floors and sensing environmental data – transforming manual operations into automated workflows. Fortune 500 brands across industries benefit from growing portfolio of BrainOS-powered robots^® and our industry-leading privacy, security, and efficiency tools that make it easier to manage and scale automation. Brain Corp currently powers more than 30,000 AMRs, representing the largest fleet of its kind in the world.

The original language text of this announcement is the official authorized version. Translations are provided as a facility only and must refer to the text in the original language, which is the only version of the text that has legal effect.

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Contact:

INVESTOR RELATIONS CONTACT:

Lorenzo Bassi

Tennant Company

Vice President, Finance and Investor Relations

[email protected]

763-540-1242

MEDIA CONTACTS:

Josh Stanbury

Brain Corp

Media relations