Transcript : Berkshire Grey, Inc., Q2 2022 Earnings Call, Aug 11, 2022
"First, we secured an order from FedEx to develop a new AI robotic automation solution to help improve the efficiency of their package handling operations globally. This order means we will build on our technology platform and create a new incarnation of these technologies embodied in a new system. Most importantly, the new system will address a significant need as we believe there is no other solution available today to automate this process.
Once the initial development program is complete, we expect it will lead to additional commercial orders. Further, the solution can be sold to many others since it addresses an issue that is commonplace for retailers and logistics companies alike. In fact, we estimate that there is a multibillion-dollar global market for this application alone."