Telefactor announces the planned acquisition of 100% of Contineo Robotics' assets. The transaction is anticipated to be completed before the end of calendar year 2013.
This acquisition represents the convergence of industry-leading remote vision system capabilities and advanced robotic dexterity solutions to enable the forward projection of human capabilities into remote or hazardous areas.
Telefactor becomes the only existing robotics company to offer combined technologies that allow the user to perceive the environment as if they were actually there and to then perform work in that environment through intuitively controlled solutions. Telefactor aims to provide the complete end-to-end scalable solution set for systems ranging from micro-mobility platforms to heavy-lift capabilities across a broad spectrum of DoD, Homeland Security and Industrial applications.
Contineo Robotics principals Stuart D. Harshbarger and Matthew V. Kozlowski Ph.D. will join Telefactor Robotics.