QUAN Prepares Term Sheet for Cutting-Edge Technology
HOUSTON--(BUSINESS WIRE)-- Quantum International Corp. (OTCBB: QUAN) took a big step toward what is expected to be a very profitable alliance this week by preparing a term sheet for presentation to Clelland DataSciences, Inc. (CDS).
CDS is the maker of specialized imaging technology that could be developed into autonomous, robotic vehicles capable of spectral analysis at considerable distances. Earlier this week, Quantum signed a letter of intent to form a joint venture with CDS to commercialize the ground-breaking technology.
"We've already been impressed by CDS' designs early on in our due diligence period," said Quantum CEO Robert Federowicz. "We think that the company's sophisticated, landmine-detecting robots are a billion-dollar idea, and we want to move forward with this joint venture as soon as possible. The potential applications of this technology in the areas of mineral exploration and environmental protection are even more exciting. "
CDS has already sold manned platforms that use spectral analysis to locate deadly mines that other sensors can't detect. The company hopes that the technology could benefit its shareholders almost as much as the innocent lives it may save.
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) .
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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.
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
KEYWORDS: United States North America Texas
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