Benzinga | Sep 20, 2021 03:28PM EDT

Oshkosh Invests In Carnegie Foundry To Accelerate Autonomy, Robotics

* Oshkosh Corp (NYSE:OSK) has entered a strategic partnership and invested in Carnegie Foundry to accelerate innovation in autonomy and robotics. The financial terms of the deal were not disclosed.

* Carnegie Foundry is a robotics and artificial intelligence (AI) venture studio based in Pittsburgh, Pennsylvania.

* Carnegie Foundry has an existing relationship with the National Robotics Engineering Center (NREC) at Carnegie Mellon University.

* The new partnership will build upon this relationship and complement Oshkosh's ongoing autonomous vehicles and equipment work.

* As part of the strategic alliance, a member of Oshkosh will join the Carnegie Foundry Board of Directors.

* Price Action: OSK shares are trading lower by 2.14% at $105.86 on the last check Monday.