CoroWare And Dispersive Solutions Sign Cybersecurity Value Added Developer Agreement

KIRKLAND, Wash., Feb. 26, 2013 /PRNewswire/ -- CoroWare, Inc. (OTCQB: COWI) announced today that it has signed a value added developer agreement with Dispersive Solutions, Inc. (DSI) through which CoroWare will deliver next generation cybersecurity solutions for enterprise applications and cloud service applications.

Customers are increasingly responding to cybersecurity threats and facing the challenge of securing their networks using traditional systems and tools.  As the number of mobile devices and applications across an organization continue to grow rapidly, overcoming application security threats, including sophisticated malware campaigns, with existing firewall and network security solutions has become increasingly complex, difficult and expensive.

To address this problem, CoroWare and DSI have signed a Value Added Developer agreement, and have partnered together to deliver next generation cybersecurity solutions that will be based on DSI's patented Virtual Dispersive Networking (VDN) with Spread Spectrum IP™ technology.

"We are excited to work with CoroWare to cooperatively deliver a new generation of secure on and off premise applications, including robotics solutions, videoconferencing and cloud applications," said Robert Twitchell, chief executive officer of Dispersive Solutions, Inc.  "Through this partnership, CoroWare can now deliver products, solutions and cloud services to enterprise customers with the same level of security protection that military and government agencies have already deployed."

In support of this initiative, CoroWare plans to integrate DSI's VDN and Spread Spectrum IP™ into its line of enterprise framework solutions, including CoroWare Billing Integration Framework and CoroWare Analytics and Reporting Framework; and into future cybersecurity solutions for cloud service applications.

"Customers are increasingly looking for cybersecurity solutions that ensure the security of their mission critical applications that operate over mobile networks and the Internet," said Lloyd Spencer, chief executive officer of CoroWare, Inc. "By working with DSI, CoroWare is well positioned to meet this challenge by delivering next generation cybersecurity for videoconferencing, unmanned vehicle systems, and enterprise applications."

About Dispersive Solutions

Dispersive Solutions, Inc. is led by Robert W. Twitchell Jr., CEO, and inventor of VDN technology. He has an extensive background in the wireless industry.  He holds over 70 granted patents with many more non-provisional patents pending in wireless, GPS, networking, and location technology.  He is also a Subject Matter Expert for the Department of Defense on Mobile and Wireless Technology.

For more information on Dispersive Solutions and its products and services, please visit http://www.dispersivesolutions.com.

About CoroWare

Headquartered in Kirkland, Washington, CoroWare is a solutions integrator with expertise in affordable and open mobile robotics; business class video conferencing; and operational business intelligence.

CoroWare has been an Authorized Vidyo Reseller and Conference Service Provider since 2009, and has delivered HD videoconferencing solutions in North America and subscription services across Europe, Asia, Africa, the Middle East and the Americas.

CoroWare is recognized as an innovative mobile robotics solutions integrator in the research community because of its expertise in Robotic Operating System (ROS), robotics simulation, and application development.  CoroWare's CoroBot product line has been shipped to over 86 corporate and academic researchers in over 24 countries worldwide.

For more information on CoroWare and its products and services, please visit www.coroware.com.

Safe Harbor Statement: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") (http://www.sec.gov/about/laws/sea34.pdf (Sec.21E p. 223). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act.  Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Forward looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. CoroWare takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties.  The names of actual companies and products mentioned herein may be the trademarks of their respective owners.  

Investor Relations Contact:
Shanna Gerrard
CoroWare, Inc.
[email protected] 
(800) 641-2676, option 3

SOURCE CoroWare, Inc.