QUAN Preps LOI to Pursue Joint Venture With University Researchers
HOUSTON--(BUSINESS WIRE)-- Robotics company Quantum International Corp. (OTCBB: QUAN) announced today that it has prepared a letter of intent to present to the University of Houston in order to move forward with negotiations toward a possible joint venture with the school's robotics researchers.
Prof. Jose Luis Contreras-Vidal is leading a team of engineers at the University of Houston that's close to a new breakthrough that could allow wheelchair users to walk by manipulating robotic exoskeletons using only brainwaves.
"We're very much looking forward to exploring opportunities to potentially collaborate with university researchers to develop and commercialize this incredible technology," said Quantum CEO Robert Federowicz.
Quantum signed a non-discloser agreement with the University of Houston this summer. Once the letter of intent has been signed by both parties, FTTN will have weeks to negotiate a possible definitive agreement to help bring the interface technology to market.
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) and Dover Corp. (NYS: DOV) .
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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.
For more information about Quantum International Corp., please visit www.quantuminnovators.com.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Quantum International Corp.
Robert Federowicz, 832-308-1260
President and CEO
KEYWORDS: United States North America Texas
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