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| [November 09, 2012] |
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QUAN, CDS Negotiate Joint Venture Milestones
HOUSTON --(Business Wire)--
As Quantum (News - Alert) 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/nvestors.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 (News - Alert) 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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