Oct 30 2012
Quantum International Corp. 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.
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).
Source: http://www.quantuminnovators.com/