|By Marketwired .||
|January 17, 2014 09:15 AM EST||
ALAMOGORDO, NM -- (Marketwired) -- 01/17/14 -- CoroWare, Inc. (OTCQB: COWID) announced today that it has established a strategic partnership agreement with FRST, Inc., an Alamogordo, New Mexico based unmanned and autonomous system company, to cooperatively develop mobile robotics hardware and software control systems that will be used on integrated, cross-domain unmanned aerial, ground and maritime systems for military and civilian applications.
"We chose to work with CoroWare because of its demonstrated capabilities in developing systems and applications based on Robot Operating System (ROS)," said Cliff Hudson, CEO and Director of FRST. "CoroWare's expertise in embedded systems and prototype development will contribute to our goal of competitively delivering integrated unmanned systems for complex operations and environments in emerging markets across the military and civilian sectors."
Over the past 7 years, CoroWare's Robotics and Automation business unit has provided custom robotics engineering services to corporate researchers, government integrators, and manufacturers of telepresence robots and unmanned aerial vehicles (UAV). CoroWare's contribution to this effort will be on implementing the command and control architecture and mission planning capability to support multi-vehicle teams across a broad spectrum of operational environments.
"We are pleased to have established this strategic partnership with FRST in conjunction with the State of New Mexico and City of Alamogordo. The unique public-private model that is emerging will provide a pathway for tomorrow's game-changing technologies and innovative economies," said Lloyd Spencer, president and CEO of CoroWare. "CoroWare's Robotics and Automation consulting team look forward to ensuring that FRST will achieve its milestone commitments on or ahead of time."
About FRST, Inc.
Based in Alamogordo, New Mexico, FRST is a designer, manufacturer, assembler of integrated, cross-domain unmanned aerial, ground and maritime systems for military and civilian applications.
Headquartered in Kirkland, Washington, CoroWare is a solutions integrator with expertise in affordable and open mobile robotics; business class video conferencing; and operational business intelligence. Since 2004, CoroWare has delivered mobile robotics consulting services, solutions, and products to customers worldwide in Europe, Asia, and the Americas.
CoroWare is recognized as an innovative mobile robotics solutions integrator in the research community because of its expertise in Robotic Operating System (ROS), robotics simulation, and application development. CoroWare's CoroBot product line has been shipped to over 80 corporate and academic researchers in over 20 countries worldwide.
Safe Harbor Statement: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") (http://www.sec.gov/about/laws/sea34.pdf (Sec.21E p. 223). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Forward looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. CoroWare takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
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