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

4-Traders Homepage  >  News


Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

QUAN: Robots Help Pharmacists Eliminate Drug Errors

share with twitter share with LinkedIn share with facebook
share via e-mail
08/20/2012 | 11:05am CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news
Date Title
01:48a MANULIFE FINANCIAL : Majority of millennial business owners invest in employees benefits
01:48a MANULIFE FINANCIAL : John Hancock launches Industry-first Survivorship Life Insurance with the John Hancock Vitality Solution
01:45a Cyber Attack Strips Cancer Fighting Charities Across the US of Crucial Fundraising Dollars
01:36a GOLDCORP INC. : 72-HOUR DEADLINE: Khang & Khang LLP Announces Securities Class Action Lawsuit against Goldcorp Inc. and Reminds Investors with Losses In Excess of $250,000 to Contact the Firm
01:35a Early Warning Report
01:23a GCA SAVVIAN : Akamai Acquires Soha Systems
01:21a BOJANGLES : Which developments and construction sites are back to work after Hurricane Matthew?
01:18a ILIAD : awarded mobile spectrum in the French Overseas Departments (DOM)
01:17a PLANET FITNESS : to open St. Cloud gym
Latest news
Hot News 
14.01%BAT Offers to Buy Remaining Reynolds Stake for $47 Billion
-3.00%AT&T Is in Advanced Talks to Acquire Time Warner
-8.12%Elliott Management Opposes GE's Offer for German 3-D Printer Maker SLM
-5.41%MOODY : Says Justice Department Preparing Complaint
4.21%Microsoft shares hit high as cloud business flies above estimates
Most Read News
06:13p BOMBARDIER : to cut 7,500 more jobs through 2018, mostly in rail
06:25p AT&T agrees in principle to buy Time Warner for $85 billion - sources
06:25p AMAZON COM : New NYC law, San Francisco lawsuit highlight global risks for Airbnb
06:07p PAYPAL : says some customers unable to make payments due to cyber attack on Dyn
06:08p IDACORP : Principal Operating Subsidiary, Idaho Power, Makes Two Regulatory Filings
Most recommended articles
02:59pDJFACEBOOK : Employees Pushed to Remove Trump Posts as Hate Speech
10/19DJGold Prices Boosted by Weaker Dollar
10/18 S&P 500 earnings now expected to show growth for third quarter
10/17DJS&P 500, Nasdaq Futures -- Technical Analysis