BELLEVUE, WA--(NewMediaWire - Mar 29, 2016) - CoroWare, Inc. (OTC PINK: COWI) announced today the initial deployment of
an RFID-based Industrial Internet of Things (IIoT) solution that
significantly improved logistics management and throughput for an
integrated seafood processor.
CoroWare served as a systems integration contractor to design
and implement an RFID-based solution that could improve the
accuracy and throughput of an existing logistics management system
that includes automated packaging and robotic palletizing.
The initial deployment involved the installation and testing of
3rd party RFID hardware, including RFID antennas, specialized RFID
tags that operate well at very low temperatures; and embedded
software that integrated the 3rd party RFID hardware with existing
programmable logic controllers (PLCs) that control palletizing
robots.
"CoroWare's initial deployment of an RFID-based IIoT solution
increased overall logistical throughput ten-fold, and therefore
improved overall productivity," said Lloyd Spencer, president and
CEO of CoroWare, Inc. "We look forward to deploying IIoT
solutions based on Bluetooth Low Energy (BLE) and RFID with
manufacturing and process control customers in North America."
According to MarketsAndMarkets, the Industrial Internet of
Things (IIoT) market is a significant sub-segment of the IoT
marketplace; was valued at USD 93.99 Billion in 2014; and is
projected to reach USD 151.01 Billion by 2020. IIoT
technologies, products and services improve the integration of
devices with industrial networks and data analytics solutions to
improve operational efficiency and reduce operational costs.
In fiscal year 2016, CoroWare is working toward a goal of
achieving USD 10 Million in gross revenues -- in part by delivering
solutions and consulting services in rapidly growing industry
segments such as Industrial Internet of Things (IIoT) -- although
we cannot say with any certainty that our plans will successfully
achieve that revenue goal.
About Coroware, Inc.
Coroware, Inc., headquartered in Bellevue, Washington, is a
diversified technology and solutions company with expertise in:
- Business Consulting Services: R&D engineering services,
business process workflow, software architecture, design and
development, content management, console, PC and online game
production, marketing coordination and management.
Robotics and Automation: Custom engineering such as visualization,
simulation and software development, mobile robot platforms for
university, government and corporate researchers.
CoroWare's customers are located in North America, Europe, Asia
and the Middle East, spanning multiple industry sectors. CoroWare
partners with universities, software and hardware product
development companies and non-profit organizations. For more
information, please visit www.coroware.com.
Forward-Looking Statement
This press release may contain certain forward-looking
statements 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. Investors are cautioned that such
forward-looking statements involve risks and uncertainties, which
include among others, the inherent uncertainties associated with
smaller reporting companies, including without limitation, other
risks detailed from time to time in the Company's periodic reports
filed with the Securities and Exchange Commission.