Press Release: Agility Opens New Fremont Facility to Accelerate Physical AI Development

Dow Jones07-17

Bay Area facility will advance the AI technologies that enable its humanoid robot, Digit, to learn new skills, supporting expanded capabilities across commercial deployments.

FREMONT, Calif., July 16, 2026 /PRNewswire/ -- Agility, a leading humanoid robotics and Physical AI company, today announced the opening of its new Fremont, California, facility designed to accelerate Physical AI developments that directly improve performance in customer operations. The new site will serve as the company's software and capabilities hub, where engineering teams will train, test and advance the AI technologies that enable Agility's humanoid, Digit, to learn new skills and perform more sophisticated tasks in customer environments.

The 60,000-square-foot facility complements Agility's RoboFab manufacturing operations in Salem, Oregon, establishing Agility's Bay Area Physical AI development hub in the heart of Silicon Valley.

Agility will house nearly 200 existing and new employees including hardware engineering, AI/ML software engineering, and field operations to lead development and deployment of next-generation AI capabilities to extend Digit's market lead in safety and productivity in enterprise environments.

"Being in the heart of Silicon Valley brings us into one of the world's leading AI talent and innovation ecosystems, allowing us to develop new capabilities for Digit faster and put them to work for customers immediately," said Peggy Johnson, CEO of Agility. "Being one of the only companies operationally deploying humanoids in real enterprise environments, our Fremont facility will play a critical role in driving innovation that anticipates and delivers on the capabilities our customers need."

Agility has active humanoid deployments with Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre. The company has already secured more than $300 million of multi-year orders for Digit v5, subject to the realization of certain contractual milestones and a growing pipeline of over 30 customers, reflecting growing demand from enterprises preparing to deploy humanoid robots at scale. The Fremont facility is vital to meet this demand and spark even greater uptake by delivering ongoing safety and productivity advantages built on AI that can increasingly take on more repetitive, physically demanding tasks in warehouses and manufacturing facilities while working safely alongside people.

"Fremont is where the future is built. Agility Robotics' decision to establish its AI development hub here reflects the strength of our talent, our culture of innovation, and our leadership in advanced manufacturing and robotics," said Fremont Mayor Raj Salwan. "We're proud to welcome Agility to our community, along with nearly 200 high-quality jobs and continued investment in Fremont."

Agility is expanding its physical footprint ahead of its planned public listing via business combination with Churchill Capital Corp XI (NASDAQ: CCXI), whereby the company will become the first publicly listed U.S. pure-play humanoid robotics company.

About Agility Robotics

Agility's commercially deployed humanoids operate alongside teams in warehouses, manufacturing facilities and distribution centers -- tackling physically demanding and repetitive tasks while enabling workers to focus on higher-value work. With industry-leading safety standards and years of proven deployment data, we're pioneering a new era of automation that enhances human potential. To learn more, visit agilityrobotics.com.

About Churchill Capital Corp XI

Churchill XI is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.

Additional Information About the Proposed Transaction and Where to Find It

The proposed transaction will be submitted to shareholders of Churchill XI for their consideration. Churchill XI intends to file a registration statement on Form S-4 (the "Registration Statement") with the Securities and Exchange Commission ("SEC"), which will include preliminary and definitive proxy statements to be distributed to Churchill XI's shareholders in connection with Churchill XI's solicitation of proxies for the vote by Churchill XI's shareholders in connection with the proposed transaction and other matters to be described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Company stockholders in connection with the completion of the proposed transaction. After the Registration Statement has been filed and declared effective, a definitive proxy statement/prospectus and other relevant documents will be mailed to Churchill XI shareholders as of the record date established for voting on the proposed transaction. Before making any voting or investment decision, Churchill XI and Company stockholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus statement, as well as other documents filed with the SEC by Churchill XI in connection with the proposed transaction, as these documents will contain important information about Churchill XI, the Company and the proposed transaction. Shareholders may obtain a copy of the preliminary or definitive proxy statement/prospectus statement, once available, as well as other documents filed by Churchill XI with the SEC, without charge, at the SEC's website located at www.sec.gov or by directing a written request to Churchill XI Capital Corp XI, 640 Fifth Avenue, 14th Floor, New York, NY 10019.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. We have based these forward-looking statements on current expectations and projections about future events. These statements include statements relating to, without limitation: our ability to consummate the proposed business combination and PIPE and the satisfaction or waiver of the closing conditions set forth in the proposed business combination or PIPE subscription agreements; the occurrence of any other event, change or other circumstances that could give rise to the termination of the proposed business combination or PIPE subscription agreements; projections of market opportunity and market share; estimates of customer adoption rates, market acceptance and usage patterns; projections regarding the Company's future development plans; the timing and success of the Company's future development plans; the ability of the Company to implement its strategic initiatives and continue to innovate its existing products and services; the potential for share price appreciation; the expected timing of announcement and close of the potential transaction; the Company's economic opportunity and total addressable market; the expected amount of gross transaction proceeds and the planned pre-money valuation of the Company; expectations regarding the Company's ability to attract, retain and expand its customer base; the Company's deployment of proceeds from capital raising transaction; the Company's expectations concerning relationships with strategic partners, suppliers, regulatory bodies and other third parties; the Company's ability to maintain, protect and enhance its intellectual property; future ventures or investments in companies, products, services or technologies; development of favorable regulations affecting the Company's markets; the potential benefits of the proposed transaction and expectations related to its terms and timing; and the potential for the combined company to increase in value.

These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of the Company and Churchill XI.

These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause Churchill XI's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such statements. Such risks and uncertainties include: that the Company is pursuing an emerging technology, faces significant technical challenges and may not achieve commercialization or market acceptance; the Company's historical net losses and limited operating history; the Company's expectations regarding future financial performance, capital requirements and unit economics; the Company's use and reporting of business and operational metrics; the Company's competitive landscape; the Company's dependence on members of its senior management and its ability to attract and retain qualified personnel; the potential need for additional future financing; the Company's ability to manage growth and expand its operations; potential future acquisitions or investments in companies, products, services or technologies; the Company's reliance on strategic partners and other third parties; the Company's ability to maintain, protect and defend its intellectual property rights; risks associated with privacy, data

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July 16, 2026 15:00 ET

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