Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News


Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

QUAN: Robots Help Pharmacists Eliminate Drug Errors

08/20/2012 | 05:05am US/Eastern

As Quantum International Corp. (OTCBB: QUAN) scours the globe for new robotics technologies for commercialization, robots now under development at the Medical Center at the University of California San Francisco (UCSF) could soon help dramatically improve efficiency and safety at pharmacies just as they've done in the manufacturing industry.

RoboticsTrends.com reported last week that an estimated 450,000 preventable medication-related adverse events occur in the U.S. every year. According to the Office of National Drug Control Policy, as many as five percent of the five billion prescriptions filled each year are incorrect.

Experts say that these problems are exacerbated by overworked pharmacists encouraged in many cases to fill more than 100 scripts a day. Robots may hold the key to reducing fatigue and boosting accuracy.

UCSF's PillPick robots, developed by integrated logistics supplier Swisslog, Buchs, Switzerland, can dispense more than 10,000 doses a day. After a year in operation, the robot has reportedly filled 350,000 prescriptions without making an error.

"We believe that emerging robots like PillPick are the solution for meeting demand from large medical centers and hospitals, such as the Texas Medical Center here in Houston," said Quantum CEO Robert Federowicz. "With the number of prescriptions forecast to explode as the world's population ages, pharmacy robots could soon be in high demand everywhere."

Quantum is currently in talks with cutting-edge robotics developers all over the world to help deliver new innovations like the PillPick to market. The company is focused on aggressive growth as it competes alongside robotics companies including iRobot Corporation (NASDAQ: IRBT), Honda Motor Co., Ltd. (NYSE: HMC) and AeroVironment, Inc. (NASDAQ: AVAV).

For more information on Quantum International's robotics initiatives, please visit http://www.quantuminnovators.com/investors.html.

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.

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

© Business Wire 2012
React to this article
Latest news
Date Title
07:08a SOUND GLOBAL : Announcements and Notices - Notice of Extraordinary General Meeting
07:08a SOUND GLOBAL : Proxy Form
07:03a FIRSTENERGY : EDITORIAL: Clean energy in the Statehouse freezer
07:01a ADURO BIOTECH : Researchers Say Mesothelioma Vaccine Looks Promising So Far, According to Surviving Mesothelioma
06:49a GENERAL MOTORS : Democrats urged to recruit candidates
06:48a SOUND GLOBAL : (1) Proposed Appointment of Statutory Auditors and (2) Notice of Extraordinary General Meeting
06:43a KOHL : Cares offers new collection
06:34a LABORATORY OF AMERICA : LabCorp's link to solving Backlog in crime testing
06:33a ZHONG FA ZHAN : Further progress update in relation to the issue of shares and warrants under specific mandate
06:28a WALKER : 2015-10-4 Announcement Pursuant to Rule 3.8 of the Takeovers Code
Latest news
Hot News 
UBS : Wealth Management Americas Introduces Enhanced Forecasting Capabilities for Equity Plan Clients
URALS ENERGY PCL : Update on Petraco Loan and Petrosakh Well 54
PERFORMANCE FOOD : to Ring New York Stock Exchange Opening Bell
CHURCHILL MINING : Raises GBP750,000 Through Share Placing (ALLISS)
Most Read News
02:26a NIOC NATIONAL IRANIAN OIL : Shell Delegation in Iran to Discuss oil Projects
03:28a NIOC NATIONAL IRANIAN OIL : Russia Optimistic Over Return to Iran Energy Sector
10/03 WORLD DAIRY EXPO : New York's Dueppengiesser Wins 2015 Merle Howard Award
10/03 WORLD DAIRY EXPO : Top Dollar Brought at the World Dairy Expo Breed Sales
10/03 WORLD DAIRY EXPO : Katrysha Earns High Honors at the 2015 International Holstein Show
Most recommended articles
03:42a VOLKSWAGEN : Merkel says VW scandal has not hurt Germany's reputation as good place for business
03:38a Merkel says VW scandal has not hurt Germany's reputation as good place for business
10/03 Chinese firms eyeing 30 percent or less in Hinkley Point - report
10/03 FORD MOTOR : U.S. auto union, Ford avert strike at pickup factory
10/03DJBrazil's Central Bank Chief Alexandre Tombini Spared in Cabinet Reshuffle