Las Cumbres Observatory Global Network (LCOGT) is building the Network of Robotic Echelle Spectrographs (NRES), which will consist of six identical, optical (390 - 860 nm) high-precision spectrographs, each fiber-fed simultaneously by up to two 1-meter telescopes and a thorium argon calibration source. We plan to install one at up to 6 observatory sites in the Northern and Southern hemispheres, creating a single, globally-distributed, autonomous spectrograph facility using up to twelve 1-meter telescopes. Simulations suggest we will achieve long-term radial velocity precision of 3 m/s in less than an hour for stars brighter than V = 12. We have been funded with NSF MRI and ATI grants, and expect our first spectrograph to be deployed in fall 2016, with the full network operation of 5 or 6 units beginning in 2017. We will briefly overview the NRES design, goals, robotic operation, and status. In addition, we will discuss early results from our prototype spectrograph, the laboratory and on-sky performance of our first production unit, and the ongoing software development effort to bring this resource online.