CoroWare Signs NSF Research Center Agreement With University of North Carolina at Charlotte

KIRKLAND, Wash., Jan. 23, 2013 /PRNewswire/ -- CoroWare Technologies, a wholly owned subsidiary of CoroWare, Inc. (COWI.OTCQB) announced today that it has signed a membership agreement of the National Science Foundation (NSF) Safety, Security, and Rescue Research Center (SSR-RC) with the University of North Carolina (UNC) at Charlotte for cooperative research in advanced robotics for homeland security, health care, and search and rescue.

The NSF SSR-RC comprises site universities, including the University of Minnesota, University of Pennsylvania, University of Denver, and UNC Charlotte, and industry partners.  The mission of the UNC Charlotte site is to conduct partner-oriented, multi-disciplinary research on robotic and sensor systems augmented by data analysis, to improve the safety, capability and well-being of humans.

"Launching this research center will help UNC Charlotte's research center link its robotics research initiatives with industry partners such as CoroWare to increase industry competitiveness and stimulate entrepreneurship," said Jing Xiao, Professor of Computer Science and Site Director of SSR-RC at UNC Charlotte.  "Working together, the UNC Charlotte SSR-RC and CoroWare can bring new and advanced technologies to market through cooperative product development."

In support of this initiative, CoroWare has launched a robotics design and production facility in Charlotte to refine its robotics manufacturing capabilities, expand its robotics application development, and advance its mobile robotics product line to address new robotics market segments such as homeland security, health care, and search and rescue.

"We are excited to be working in close cooperation with the UNC Charlotte SSR-RC and accelerating the growth of our robotics business," said Joe Daziel, business unit manager at CoroWare. "Charlotte is proving to be an ideal location to open a robotics development center because the greater Charlotte area comprises a high concentration of science, technology, engineering and medical researchers and industry partners."

The Robotics Operation of CoroWare Charlotte (ROCC) is located at the Ventureprise - Ben Craig Center, a non-profit organization sponsored by UNC Charlotte with strong links to business leaders throughout the Charlotte region.  Ventureprise provides a full range of facility and business advisory services in its 50,000 square foot building in University Research Park, and is the portal into the university for early-stage entrepreneurs seeking to leverage university resources.

About I/UCRC
Industry University Cooperative Research Center, I/UCRC, is a National Science Foundation (NSF) funded consortium of companies and universities working together on industry-relevant research in an emerging field. The SSR-RC is the only NSF I/UCRC focused on robotics technologies. SSR-RC focuses on the emerging field of Safety, Security, and Rescue research, which includes a variety of topics in healthcare, energy, manufacturing, homeland security, and emergency preparedness and response.

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.

In 2012, CoroWare was listed in the RBR50 list of robotics companies to watch by Robotics Business Review.  http://www.roboticsbusinessreview.com/site/more_about_the_rbr50

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 Technologies