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QUAN, CDS Negotiate Joint Venture Milestones
By: Business Wire
Nov. 9, 2012 05:37 AM
As Quantum International Corp. (OTCBB:QUAN) and Clelland DataSciences (CDS) close in on a new joint venture agreement, both companies are negotiating specific project milestones to be achieved once the JVA is executed.
Quantum and CDS plan to work together to develop Clelland’s specialized imaging technology into portable hyperspectral camera and spectrometer system that can be worn as a backpack for mineral exploration, chemical identification and security systems.
“FTTN is ready to begin the funding phase of the development,” said Quantum CEO Robert Federowicz. “We’re making good progress toward a deal, and we expect to announce a definitive agreement with CDS very soon.”
For more information on the company’s leading-edge robotics initiatives, please visit www.quantuminnovators.com/investors.html.
Quantum 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). 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.
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.
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