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Olis Robotics Appoints Folster as Vice President of Sales



Michael Folster

Olis Robotics has appointed Michael Folster as Vice President of Sales.

Folster has more than a decade of experience in sales of advanced industrial automation and robotics. Prior to that, he spent more than 25 years with Tier 1 automotive suppliers in leadership roles that included sales, product development and operations.

"I am excited and really motivated to help manufacturers and systems integrators eliminate the waste and frustration associated with robotic downtime. This task is especially critical in the first year of an automation launch," said Folster.

Folster holds a Bachelor of Science in economics from the University of Michigan-Dearborn and Master of Science in management from Walsh College.

"We expect automation adoption to move faster and generate less waste by leveraging Olis Connect, which provides remote monitoring, diagnostics and control of robotic systems and empowers integrators to get the facts and fix robot errors safely and securely without even having to leave their desks," said Folster.

Once Olis' plug & play hardware is installed and secure remote access has been configured, users can monitor and manage their automation remotely from anywhere via any browser-capable device. If a problem occurs with the robot, Olis Connect sends out an alert via a secure connection to the user's device, all without connecting to the cloud-sidestepping all cloud-related cybersecurity concerns in the process. Users can then use the system to remotely perform error recovery actions such as releasing its grip on a part or moving the robot from its error position.

In August 2023, Seattle-based Olis Robotics raised $4.1 million funding to meet surging demand for its remote robot management technology, which currently addresses approximately 20% of the operational stock of more than 3.5 million industrial robots deployed worldwide.

Leveraging its new funding, Olis is adding support for additional robot brands representing more than half of all industrial robots while also developing new software products. In addition, the funding will help Olis Robotics expand its partnerships with robot system integrators across North America-a key part of Folster's new role.

"Mike brings a great combination of customer relationships, market savvy and deep manufacturing experience. He fits well into our team, and it is exciting to see where we can take this vision of a better world using Olis to remote control robots and keep production lines running," said Fredrik Ryden, CEO, Olis Robotics.

For more information contact:

Olis Robotics

3601 Fremont Ave. N, Ste. 414

Seattle, WA 98103

855-33-ROBOT

info@olisrobotics.com

www.olisrobotics.com

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