Realtime announced its first commercial contract with an undisclosed multinational customer to apply its real-time motion planning processors in a high volume, unstructured pick and place work-cell. The contract is worth up to $15 million rolled out across a three year horizon.

Realtime started operations on May 22nd, with three founding employees moving in to the MassRobotics incubator located in the Waterfront District in South Boston (www.massrobotics.org)