|By Business Wire||
|September 27, 2012 05:01 AM EDT||
As Quantum International Corp. (OTCBB: QUAN) continues talks to help develop and market new technologies related to robotic exoskeletons, the incredible medical devices have hit a new milestone.
Earlier this year, paralyzed British citizen Claire Lomas became the first person to begin home use of the robotic exoskeleton that helped her walk in the 2012 London Marathon.
The motorized legs, developed by Argo Medical Technologies, allow Lomas to stand, climb stairs and walk around independently for the first time since her life-changing accident in 2007. Reuters recently reported that Argo believes that a quarter of a million wheelchair users could benefit from its ReWalk system. The exoskeleton market for able-bodied users in physically taxing jobs or athletic training could be much larger. Some analysts have estimated the global market potential to be between $500 million and $1 billion dollars.
“This is only the first success story in what we predict will be a worldwide movement,” said Quantum CEO Robert Federowicz. “In addition to walking, robotic exoskeletons allow disabled users to speak to friends and family eye-to-eye and exercise in ways that weren’t possible before. They can also help reduce the costs associated with treating paralyzed patients for illnesses such as the loss of bone density."
“Put simply, we believe the market potential for advanced new exoskeletons to be huge,” he said.
Quantum is already working to deliver better, more innovative robotics products to the U.S. marketplace. The company recently signed a non-discloser agreement with the University of Houston so that serious discussions can begin on a possible collaboration with researchers there who are working on an external brain-machine interface that could allow users to manipulate an advanced Rex Bionics robotic exoskeleton using their thoughts alone.
For more information on Quantum International’s robotics initiatives, please visit www.quantuminnovators.com/investors.html.
Quantum International Corp. is working to develop the next generation of robotics technology to compete in a booming global industry alongside Intuitive Surgical, Inc. (NasdaqGS: ISRG), iRobot Corporation (NasdaqGS: IRBT) and Dover Corp. (NYSE: DOV).
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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.
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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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