Quantum International is focused on aggressive growth as it competes alongside robotics companies
HOUSTON, Jul 16, 2012 -- As the nation's focus turns to election-year issues, emerging robotics company Quantum International Corp. QUAN +9.16% is working to capitalize on a new robotics initiative championed by the current administration.
Late last month, the president unveiled the National Robotics Initiative, pledging $70 million in government money to help accelerate the development and use of co-robotics--robots that work beside or cooperatively with humans. Four federal agencies, including the National Science Foundation, NASA, the National Institutes of Health and the Department of Agriculture, have issued a joint solicitation to provide research funding for next-generation robotics.
The new initiative is good news for Quantum, which is exploring the potential commercialization of new breakthroughs in several promising fields of robotics. The company recently signed a letter of intent to begin due diligence toward a possible joint venture with one of Europe's top robotics labs: the prestigious Industrial Research Institute for Automation and Measurements (PIAP) in Warsaw, Poland.
"Quantum is already pursuing potentially lucrative opportunities in tactical and industrial robotics," said Quantum CEO Robert Federowicz. "We are extremely pleased by the new federal support for co-robotics and we expect this initiative to help jumpstart the domestic robotics economy. We're already seeking potential partners to help us develop and commercialize new co-robotics innovations with the potential to revolutionize American society."
Quantum International is focused on aggressive growth as it competes alongside robotics companies including Honda Motor Co., Ltd. HMC -0.92% , AeroVironment, Inc. AVAV -0.19% and, potentially soon, Apple Inc. AAPL +0.38% .
For more information on Quantum International's robotics initiatives, please visit http://www.quantuminnovators.com/investors.html .
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About Quantum International Corp.
Quantum International Corp. QUAN +9.16% is an emerging robotics innovation company working to commercialize the next generation of sophisticated, automated technology. The Company is positioning itself to develop, deliver and market the most cutting-edge innovations in robotics in order to leverage the worldwide demand for the precision, speed, and cost-effectiveness these technologies offer.
For more information about Quantum International Corp., please visit www.quantuminnovators.com .