QUAN: Could Robotics be the Next Trend in the $150 Billion Smartphone Market?
In addition to smartphone robotics innovators, Quantum is already pursuing potentially lucrative new robotics targets around the globe.
HOUSTON, Jul 31, 2012 -- With the market for smartphones forecast by some experts to reach $150 billion by 2014, emerging robotics company Quantum International Corp. QUAN +32.08% is positioning itself to capitalize on the rise of the next big trend in mobile technology: smartphone-compatible robotics.
Sales of powerful new smartphones such as the Apple AAPL +2.10% iPad, iPhone and devices running the Google GOOG -0.27% platform have exploded in recent years, changing the way consumers communicate and play. These devices' built-in cameras, microphones, connectivity and processors make them ideal robotics components, as several cutting-edge developers have already discovered.
"The mass adoption of tablets and smartphones has given rise to a huge market for applications and accessories that increase the value of these amazing devices," said QUAN CEO Robert Federowicz. "Startling new innovations like the Romo Smartphone Robot have demonstrated the enormous synergy potential of the Apple iPhone and iPad to robotics developers. Quantum has short-listed several early-stage robotics companies for potential joint venture and acquisition that can help us position our business to commercialize the coming wave of smartphone robotics applications."
In addition to smartphone robotics innovators, Quantum is already pursuing potentially lucrative new robotics targets around the globe. The company recently signed a letter of intent and began due diligence toward a definitive agreement with the Industrial Research Institute for Automation and Measurements (PIAP) in Warsaw, Poland. The company is focused on aggressive growth as it competes alongside robotics companies including AeroVironment, Inc. AVAV -0.89% and Intuitive Surgical, Inc. ISRG -1.16% .
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 +32.08% 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 .
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