Just to add in, the lowest priced “industrial” arm projected prior to this was the “Franks” robot, where they anticipated to sell them at quantity for about $10k. Note the current development version of that arm is at least 2X that price.
"During a 7 unit fabrication run in-house, Bill of Materials
(BoM) cost for each arm was tracked at $3328 as shown in
Table II. Plastics were printed on Markforged Onyx One and
Monoprice MP Select Mini 3D printers. About 75% of our
prototype costs were motors and driver boards."
