CoroWare Technologies, a subsidiary of CoroWare, Inc. (OTCBB:COWI), announced it has entered into a distribution agreement with Malaysia-based technology provider Megah Suria Sdn. Bhd. Beginning January 4, 2010, Megah Suria added CoroWare’s CoroBot and Explorer robots to their product portfolios.
Megah Suria offers technically advanced and leading edge product portfolios featuring efficient and highly reliable equipment specially designed to solve problems faced by members of the research, development and education communities. With more than 30 years of experience, the company has built a wide range of vendor relationships affiliated with education and research.
“Our partnership with CoroWare enables us to introduce innovative robotic platforms to the educational and research sectors, and channel new and cost-effective solutions to researchers and educators in this field,” said S. M. Wong, Commercial Director for Megah Suria.
CoroWare’s robotics product line includes the CoroBot and Explorer platforms. These development platforms include PC-class processors, on-board sensors, color cameras and optional robotic arms capable of four degrees of freedom. CoroBot is designed for development inside the lab, while Explorer is built on a more rugged chassis to withstand certain environmental elements encountered in the field, such as dust, dirt, gravel, sand, leaf debris and small puddles.
By teaming up with Megah Suria, CoroWare can further grow its business in the Asia-Pacific region. According to http://www.worldrobotics.org, the Asia-Pacific region, including Malaysia, experienced 10% growth in robot sales despite a sudden decline in robot sales worldwide due to the global recession.
“Approximately 50 percent of our robot sales come through our partner distribution channel,” said Jon Mandrell, Vice President of CoroWare, Inc. “We’re excited to add Megah Suria to our team of distributors, and believe their long experience as suppliers to high-tech education and research communities will help grow CoroWare’s international presence.”
About Megah Suria Sdn. Bhd.
Megah Suria Sdn Bhd, an employer-owned company, is a leading supplier of innovative and ingenious instrumentation, training systems, software and consumables at the forefront of technologies. The company is dedicated to providing development, manufacturing and marketing services and products within the field of scientific, laboratory, education, engineering, medical and industrial applications especially in the field of data and image acquisition-processing, robotics, advance material technologies, biotechnologies and physical, chemical and medical sciences advancement.
Headquartered in Redmond, Washington, CoroWare is a solutions integrator with expertise in personal telepresence and mobile robotics. For more information on CoroWare’s products and services, please visit http://www.coroware.com.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners. This press release is written using forward-looking statements pursuant to the Private Securities Litigation Reform Act of 1995: http://www.sec.gov/about/laws/sea34.pdf (Sec. 21E p. 223).
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