Gamble of the week: Software for robots

Supplying software for factory robots is a growth market, says Paul Hill. And that makes this clever little tech stock a buy for the brave.

Walk into the BMW factory at Cowley and you'll see hundreds of robots bashing out thousands of Minis, every single week. Every car on the production line is slightly different: one might have dark chrome alloy wheels, while another might sport blush leather seats. So the robots need to be able to recognise each vehicle as a unique object with its own distinct properties.

Ubisense's real-time location software, which uses ultra-wide- band radio, provides these robots with the eyes and ears to do just that. It's like having an indoor radar system in the assembly plant that tracks each car in 3D. This results in greater efficiency, fewer errors, and big savings for BMW.

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.