Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

QUAN: Robots Help Pharmacists Eliminate Drug Errors

08/20/2012 | 05:05am US/Eastern
Recommend:
0

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
info@quantuminnovators.com


© Business Wire 2012
Recommend :
0
React to this article
Latest news
Date Title
<1m ago COMPUTER SERVICES : Illinois Auditor General Issues Department of Central Management Services - Bureau of Communications and Computer Services
<1m ago ENBRIDGE ENERGY PARTNERS : Protecting the Great Lakes Schuette and Wyant Put Enbridge on Notice: Reinforce Pipeline Beneath the Straits of Mackinac
<1m ago NAVIENT : Madigan Testifies in D.C. on Investigations Into Abuses & Scams in Higher Education, Student Lending
<1m ago BARCLAYS : Statement from The Office of The Attorney General on Lawsuit Against Barclays
<1m ago AIR CANADA : Gov. Nixon Helps International Aviation Support Company Open Facility at KCI; Project Creating 500 New Jobs
<1m ago DAYTON PO : FERC Issues Letter Order Accepting The Dayton Power and Light Company's 6/16/14 Filing of the Notice of Termination and Cancellation of FERC Rate...
<1m ago NORTHWESTERN : FERC Issues Order Approving Transfer of License re PPL Montana, LLC and NorthWestern Corporation's Kerr Hydroelectric Project Under P-5
<1m ago PREMIER BEVERAGE : SEC Issues Administrative Ruling on Premier Beverage Group Corp.
<1m ago CHARLES SCHWAB : Gov. Perry Announces TEF Investments Bringing New Charles Schwab Facility to El Paso and Deepening Company's Roots in Austin
<1m ago TATE & LYLE : Interim management statement
Latest news
Advertisement
Hot News 
EUROPLASMA : Annual Shareholders Meeting of 1st September, 2014
CTAC : Upholding the law: Sindh Police finally gets its vehicles registered
ROYAL BANK OF SCOTLAND : Double funding boost for women's charity
CARILLION : Possible Merger - Balfour Beatty and Carillion
WESSANEN : Royal Wessanen Q2 2014 results and semi-annual financial report
Most Read News
1d ago MASTERCARD : Visa cuts revenue forecast as cross-border transactions slow
1d ago STARBUCKS : sales in Americas region up slightly more than expected
1d ago MOODY : assigns A1 underlying and Aa3 enhanced ratings to Catskill CSD NY's $5.9M GO Bonds
12m ago In China meat scandal, McDonald's Japan switches to Thai chicken, no nuggets in Hong Kong
1d ago COCA COLA : Governor denies switching to Fanta to boycott Coca-Cola
Most recommended articles
<1m ago Euro, shares sag as Ukraine woes hit German confidence
7m ago Investors fully expect sanctions against Russia to toughen - Ingram
12m ago MCDONALD JAPAN : stops sourcing all chicken from China
12m ago MCDONALD : In China meat scandal, McDonald's Japan switches to Thai chicken, no nuggets in Hong Kong
21m agoDJCAIXABANK : CEO Says Lender Plans to Tap ECB Credit Program for EUR7 Billion
Dynamic quotes  
ON
| OFF