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.”
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).
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.
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