The robot is aimed at industrial assembly while having soft edges so it can work with human coworkers.
FRIDA is controlled by the IRC5 robot controller and also with a touchscreen. It is easy to install and can be mounted on a wall or workbench. In some of the other photos the back of FRIDA looks like a large sewing machine.
Several prototypes of FRIDA have basically left the building and further research is being conducted by the FP7 project ROSETTA.
This robot sounds exactly like what Heartland Robotics has been working on.
No word on price or availability yet, but with the project this far along, we expect something soon. Click through for a video of FRIDA in action.