QUAN Targets $2.3 Billion Market for Apple iOS Accessories
HOUSTON--(BUSINESS WIRE)-- Quantum International Corp. (OTCBB: QUAN) announced today it will expand its focus on robotics to include powerful new automated accessories and peripherals designed for use with Apple (NAS: AAPL) devices, including the new iPad Mini.
"The demand for peripheral devices capable of augmenting the abilities of these powerful tablets is growing by the day," said Quantum CEO Robert Federowicz. "Thanks to our experience in the field of robotics, our company is uniquely positioned to produce incredible new accessories that will stretch the world's understanding of what an iPad or iPhone can do."
Sales of iPads and other tablets have been particularly strong in 2012. Market researcher IDC estimates that 122.3 million tablets were sold this year alone. The future looks bright as well: IDC estimates that 282.7 million tablets will be sold in 2016.
That's good news for makers of tablet accessories. The market for iOS accessories is currently worth $2.3 billion and growing fast.
"Even a small slice of that enormous global market would bring in revenues of tens of millions of dollars," Federowicz said.
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. (NYS: 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.
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.
Quantum International Corp.
Robert Federowicz, 832-308-1260
President and CEO
KEYWORDS: United States North America Texas
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