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A Leaner CoroWare Is Bullish on 2010
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An Industry Proudly Comes of Age at Boston Event Business conclaves are always an excellent barometer of the state of the industry they’re focused on. And the Robotics Trends RoboBusiness Leadership Summit 2011, held last week in Boston, was no exception. Optimism reigned supreme throughout the two-day event, reflecting a view that the robotics industry was now back and stronger than ever, following months of slowed performance brought on by the recession. |
After two years of business turmoil, followed by the onset of the worst recession in U.S. history, CoroWare Technologies is now poised for growth based on a triumvirate of robotics, telepresence, and IT services offerings. The company, a wholly owned subsidiary of publicly traded CoroWare Inc. (OTCBB: COWI), was founded in 2003 by Lloyd Spencer (president and CEO) and David Hyams (CTO) as an engineering services firm (hardware and software), systems integrator, and IT consultancy. Robotics, however, was always part of the company’s vision. CoroWare’s recent entry into the telepresence market provides a third revenue source, but it could also intersect with the company’s robotics products in the future.
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