BREAKING NEWS – 20.11.2024

In the press release dated November 18, 2024, Litix SpA, an innovative SME that combines art, technology, tradition, and innovation through three business units offering solutions ranging from the design and production of robotic systems for marble and other material processing to the creation of sculptures, artworks, and design pieces, as well as hardware and software development for additive manufacturing and other processes, announced the start of work on a marble statue dedicated to Sai Baba. The statue, standing 6.5 meters tall and valued at € 0.55 million, is being crafted using the new “ROBOTOR ONE MEGA” robot (or “ONE MEGA”). The marble statue, the tallest ever created by a robot, will be installed in the atrium of the world’s largest free hospital, located in Muddenahalli, India, approximately 70 kilometers north of Bangalore. Scheduled for inauguration in November 2025, the statue originates from an imposing marble block meticulously selected to ensure quality and durability. Its extraordinary size presents a technical challenge that only Litix, a leader in robotics and automation for stone processing, can tackle. Every detail, from the selection of raw materials to the technologies employed, has been carefully designed to achieve the highest quality results. For this monumental project, Litix is utilizing its innovative ROBOTOR ONE MEGA, an anthropomorphic robot designed to handle large-scale works such as the Sai Baba statue. Equipped with a 12-meter base, the robot can work on marble and other materials of exceptional size and weight, ensuring a level of craftsmanship that meets the complexity and detail required for a project of this magnitude. The ONE MEGA shares the advanced features of other robots in the ROBOTOR ONE series, including the use of OR-OS self-programming software, which converts 3D files into precise tool paths without manual intervention. This technology not only speeds up the production process but also guarantees a level of accuracy achievable only by a robotic system of this caliber. The creation of the marble statue dedicated to Sai Baba represents not only an artistic masterpiece of exceptional value but also a significant milestone for Litix, further cementing its role as a global leader in monumental sculpture. With a total value of € 0.55 million, this project highlights the company’s artistic and technological excellence while underscoring its tangible commitment to supporting significant humanitarian initiatives. Finally, the new ONE MEGA robot, designed for large-scale operations, can also be employed in industrial sectors such as automotive and aerospace for the processing of complex and voluminous materials. This versatility opens up new market opportunities for Litix, enabling it to expand its presence in technologically advanced fields. In light of this announcement by the Group, which reaffirms its leadership in sculpture and stone processing, we reiterate our recommendations: Target Price € 3.80, Rating BUY, and Risk Medium.

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