QUAN Initiates Final JV Talks with Clelland DataSciences
Quantum and CDS plan to work together to develop Clelland's specialized imaging technology into autonomous, robotic vehicles capable of sensing and detecting hidden landmines left behind on former battlefields.
HOUSTON--After presenting Clelland DataSciences (CDS) with a term sheet, Quantum International Corp. (OTCBB: QUAN) has begun its final round of talks with the cutting-edge technology company before the parties agree to enter a joint venture.
Quantum and CDS plan to work together to develop Clelland's specialized imaging technology into autonomous, robotic vehicles capable of sensing and detecting hidden landmines left behind on former battlefields. CDS has already sold manned demining platforms utilizing the technology, but both companies estimate the market for an unmanned version, which reduces risk to operators, to be much higher.
"We've already agreed in principle to this joint venture," said Quantum CEO Robert Federowicz. "Now it's just a matter of finalizing the details. We have no doubt that we'll be able to develop a successful, ground-breaking product that will save lives and be sought out for purchase around the world."
For more information on the company's leading-edge robotics initiatives, please visit www.quantuminnovators.com/investors.html.
The company plans to offer clients the next generation of robotics technology to compete in a booming global industry alongside iRobot Corporation (NASDAQ: IRBT), Honda Motor Co., Ltd. (NYSE: HMC), AeroVironment, Inc. (NASDAQ: AVAV) and, potentially soon, Apple Inc. (NASDAQ: AAPL).
Follow us on Twitter at www.twitter.com/QuantumIntlCorp.
About Quantum International Corp.
Quantum International Corp. (OTCBB: QUAN) is a 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.
Featured Product
Midwest Motion Products is a leading provider of robust and reliable Motion Control Products.
MMP specializes in supplying high-quality Brushed & Brushless DC Motors & Gearmotors for Robotics and Automation Equipment with a wide range of motor windings and gear ratios. With an impressive track record of more than 8,000 released DC Gearmotors designs and over 2,000,000 individual part numbers, we are renowned for our ability to handle large-scale orders. Due to our huge on-hand inventory, we are also well known for lightning-fast delivery of our standard products. We take pride in our dedicated customer service and our team of knowledgeable sales and engineering experts who are ready to assist you with custom design solutions tailored to your specific application. Additionally, we also offer a wide range of complimentary products, such as DC Motor Controls, DC Linear Actuators, AC-DC power Supplies, and DC Servo Amplifiers and others.
