Quantum believes that partnering with PIAP could be the key to unlocking billions in potential revenues in the booming robotics industry.
HOUSTON--Quantum International Corp. (OTCBB: QUAN) announced today that it has completed due diligence and is pushing forward with a potential joint venture with one of Europe's top robotics laboratories, the Industrial Research Institute for Automation and Measurement (PIAP) in Warsaw.
The company has initiated talks to enter a joint venture with the prestigious institute and aid in the development and commercialization of one or more of PIAP's cutting-edge robotics projects. PIAP is currently working on a variety of advanced robotic systems, from automated medical devices to unmanned crisis response and intervention robots.
"Our due diligence has confirmed that PIAP is an ideal partner for Quantum International moving forward, and we anticipate signing a definitive agreement with the institute very soon," said Quantum CEO Robert Federowicz. "We're particularly interested in the commercialization of robots featuring tablet and smartphone integration, but PIAP is developing many different innovations worthy of our attention. We look forward to detailing our plans for these technologies as soon as we're able to come to terms."
Quantum believes that partnering with PIAP could be the key to unlocking billions in potential revenues in the booming robotics industry. 5,556 robots worth $403.1 million sold to North American companies in the second quarter of 2012, up 14 percent in units and 28 percent in dollars over the same period last year.
For more information on Quantum International's robotics initiatives, please visit www.quantuminnovators.com/investors.html.
Quantum International Corp. is working to develop the next generation of robotics technology to compete in a booming global industry alongside Intuitive Surgical, Inc. (NasdaqGS: ISRG), iRobot Corporation (NasdaqGS: IRBT), Medtronic, Inc. (NYSE: MDT) and Dover Corp. (NYSE: DOV).
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About Quantum International Corp.
Quantum International Corp. (OTCBB: QUAN) is an 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.