QUAN Signs Letter of Intent With Clelland DataSciences to Develop and Market Mine-Killing Robots
QUAN Signs Letter of Intent With Clelland DataSciences to Develop and Market Mine-Killing Robots
HOUSTON--(BUSINESS WIRE)-- If Quantum International Corp. (OTCBB: QUAN) proves successful in its latest round of negotiations, advanced new robots could soon be detecting and clearing deadly landmines from former battlefields all over the globe.
Today, the company announced that it signed a letter of intent to form a joint venture with Clelland DataSciences, Inc. (CDS), the makers of specialized imaging technology that both parties hope to develop into autonomous, robotic vehicles capable of sensing and detecting the dangers of hidden minefields.
Using spectral analysis, the futuristic robots could detect mines that other sensors can't, potentially leading to a highly profitable revolution in battlefield demining services. CDS has already sold manned platforms using the technology, but with QUAN's help, hopes to produce an unmanned version capable of detecting landmines with minimal risk to human personnel.
"We estimate the market value for this technology to be in the billions," said Quantum CEO Robert Federowicz. "There is nothing on the market today capable of such a comprehensive and safe approach to ridding the world of landmines. We think a definitive agreement with CDS could improve not only our company's shareholder value, but life on Earth, as well."
Quantum is currently conducting due diligence toward a definitive agreement with CDS. 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 (NAS: IRBT) , Honda Motor Co., Ltd. (NYS: HMC) , AeroVironment, Inc. (NAS: AVAV) and, potentially soon, Apple Inc. (NAS: 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.
For more information about Quantum International Corp., please visit www.quantuminnovators.com.
Notice Regarding Forward-Looking Statements
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
info@quantuminnovators.com
KEYWORDS: United States North America Texas
INDUSTRY KEYWORDS:
The article QUAN Signs Letter of Intent With Clelland DataSciences to Develop and Market Mine-Killing Robots originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
