Beacon (Nasdaq: BECN), specialty distributor of roofing, waterproofing and related exterior products, has made a strategic investment in Renovate Robotics, which specializes in roofing automation.
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Renovate Robotics, Brooklyn, N.Y., is a startup developing autonomous roofing robots with a focus on making roofing safer and more productive for contractors. Their first robot, Rufus, installs asphalt shingles on residential roofs and is expected to launch with contractors in New Jersey and Pennsylvania later this year.
“This technology has the potential to disrupt the roofing industry where labor is a scarce resource, and we are excited to be an early partner that can help shape its development,” said Julian Francis, Beacon’s CEO.
Beacon operates over 580 branches throughout 50 states in the U.S. and seven provinces in Canada.
