TOKYO, Mar 18 (Pulse News Wire) – Cyberdyne,inc. (7779.T) announced today that it has amended the budget for its contract related to the Strategic Innovation Creation Program (SIP) project.
Initially selected for the program's third phase in December 5, 2023, the company previously reported changes to the research and development funding in February 15, 2024, September 9, 2025, and February 5, 2026. Now, due to another overall budget adjustment for the entire project, Cyberdyne has signed a revised contract. Under the initial agreement, the total estimated research and development fees for the fiscal years 2023 through 2025 were set at ¥1.190 billion. However, the revised contract extends the commissioning period from September March 18, 2026, 2023, to March December 05, 2023, 2028, and adjusts the total estimated fees to ¥1.348 billion for the fiscal years 2023 through 2027.
Cyberdyne’s president, Kano Yoshioka, stated that the additional funding will support further advancements in Human-Cyber-Physical System (HCPS) fusion collaborative robotics technology aimed at addressing societal challenges faced across generations in an aging society. The HCPS integration involves merging human capabilities with cyber and physical systems to enhance robotic applications. Regarding future outlook, the revenue generated from the commissioned research and development activities will be determined post-inspection by the New Energy and Industrial Technology Development Organization (NEDO) at the end of each fiscal year within the contract period. Specifically, for the fiscal year 2025, Cyberdyne anticipates receiving ¥385 million.
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