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Cyberworks Robotics Wins Prestigious Federal Research Grant for New Robotic Technology - Collaborates With University of Waterloo
http://finance.yahoo.com/news/cyberworks-robo...00868.html
TORONTO, October 15, 2015 /PRNewswire/ --
Great Rock Development Corp. (GROC) is pleased to announce the Canadian Natural Sciences and Engineering Research Council (the Canadian counterpart of NIST in the United States) has announced the approval of an advanced research grant for its wholly owned subsidiary Cyberworks Robotics Inc.
The grant will fund a scientific collaboration between the University of Waterloo and Cyberworks for the development of advanced autonomous path planning technology and will apply the results of past research on planetary rover technologies as well as new areas of mathematics to non-Boustrophedon Path Planning for Cyberworks' next generation of autonomous navigation guidance systems.
"We are all delighted with the approval and continued confidence in our team. This represents a leading-edge collaboration between two World-class entities," said Vivek Burhanpurkar, President of Cyberworks.
The technology, which replaces inefficient linear path trajectories which are used by conventional mobile robots, with more efficient curvilinear fluidic trajectories, significantly reduces time and energy demands on autonomous robots and will allow Cyberworks to extend its technological competitive advantage in industries ranging initially from robotic mobility aids for quadriplegics to unmanned industrial floor scrubbers. The professional floor care industry in the US alone is estimated at $25 billion annually, where labor accounts for roughly 50% of operating costs.
Mr. Burhanpurkar further commented, "These research grants are exceptionally difficult to come by. This is yet another validation of the leadership position of Cyberworks within the global research community."
Management expects to make further updates on this exciting collaboration as well as other developments in the near future.
Driven by Vision - About Great Rock / Cyberworks
Great Rock Development is a publicly traded developer of Robotics and autonomous navigation guidance systems. Through its wholly owned subsidiary Cyberworks Robotics, it is the world's oldest Autonomous Mobile Robotics Company. Its Mission is to leverage its technology to allow for the ubiquitous deployment of autonomous robotics in society. Our technology provides low-cost, high resolution machine vision based navigation technology for third party OEM products.
http://www.GreatRockDev.com, http://www.CyberworksRobotics.com
To join our mailing list email Contact@GreatRockDev.com with GROC in the subject.
Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth within this website and these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the OTCMarkets.comincluding the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. Nothing within this site is meant to be a solicitation to buy or sell our securities. Investing in over the counter (OTC) securities often carries a high degree of risk. Please contact your financial advisor before investing in our securities.
Contact :
Great Rock Development Corp.
http://www.GreatRockDev.com
Contact@GreatRockDev.com
+1-416-568-9051
Cyberworks Robotics Wins Prestigious Federal Research Grant for New Robotic Technology - Collaborates With University of Waterloo
http://finance.yahoo.com/news/cyberworks-robo...00868.html
TORONTO, October 15, 2015 /PRNewswire/ --
Great Rock Development Corp. (GROC) is pleased to announce the Canadian Natural Sciences and Engineering Research Council (the Canadian counterpart of NIST in the United States) has announced the approval of an advanced research grant for its wholly owned subsidiary Cyberworks Robotics Inc.
The grant will fund a scientific collaboration between the University of Waterloo and Cyberworks for the development of advanced autonomous path planning technology and will apply the results of past research on planetary rover technologies as well as new areas of mathematics to non-Boustrophedon Path Planning for Cyberworks' next generation of autonomous navigation guidance systems.
"We are all delighted with the approval and continued confidence in our team. This represents a leading-edge collaboration between two World-class entities," said Vivek Burhanpurkar, President of Cyberworks.
The technology, which replaces inefficient linear path trajectories which are used by conventional mobile robots, with more efficient curvilinear fluidic trajectories, significantly reduces time and energy demands on autonomous robots and will allow Cyberworks to extend its technological competitive advantage in industries ranging initially from robotic mobility aids for quadriplegics to unmanned industrial floor scrubbers. The professional floor care industry in the US alone is estimated at $25 billion annually, where labor accounts for roughly 50% of operating costs.
Mr. Burhanpurkar further commented, "These research grants are exceptionally difficult to come by. This is yet another validation of the leadership position of Cyberworks within the global research community."
Management expects to make further updates on this exciting collaboration as well as other developments in the near future.
Driven by Vision - About Great Rock / Cyberworks
Great Rock Development is a publicly traded developer of Robotics and autonomous navigation guidance systems. Through its wholly owned subsidiary Cyberworks Robotics, it is the world's oldest Autonomous Mobile Robotics Company. Its Mission is to leverage its technology to allow for the ubiquitous deployment of autonomous robotics in society. Our technology provides low-cost, high resolution machine vision based navigation technology for third party OEM products.
http://www.GreatRockDev.com, http://www.CyberworksRobotics.com
To join our mailing list email Contact@GreatRockDev.com with GROC in the subject.
Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth within this website and these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the OTCMarkets.comincluding the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. Nothing within this site is meant to be a solicitation to buy or sell our securities. Investing in over the counter (OTC) securities often carries a high degree of risk. Please contact your financial advisor before investing in our securities.
Contact :
Great Rock Development Corp.
http://www.GreatRockDev.com
Contact@GreatRockDev.com
+1-416-568-9051
