CoroWare

CoroWare, Inc.
Public
Traded as OTCQB: COWI
Industry Robotics, Software, Business Process Automation, Telepresence,
Genre MicroCap
Founded 2003
Founder David Hyams and Lloyd Spencer
Defunct October 28, 2016 (2016-10-28)
Headquarters Kirkland, Washington, United States
Key people
 David Hyams Founder/CTO
Lloyd Spencer, Founder/President and CEO
Products Usage Metering for Vidyo, Billing Integration Framework for MetraTech and Vidyo, NameTag, CoroBot, Explorer
Services CoroCall Video Conferencing Service
Number of employees
 22 (2010)
Subsidiaries CoroWare Technologies, Inc.
Website www.coroware.com

CoroWare was an American robotics company based in Kirkland, Washington. CoroWare produced the CoroBot and Explorer mobile robotic product lines of four-wheeled robotic development platforms.[1]

History

CoroWare was founded in 2003 by David Hyams and Lloyd Spencer and joined the Technology Collaborative of Pittsburgh, PA in 2005. In 2006 CoroWare became a subsidiary of the public corporation Innova Holdings, later named Innova Robotics & Automation. In 2008, Innova became CoroWare, Inc. and CoroWare Technologies continued to operate as a fully owned subsidiary of CoroWare, Inc.

On October 28, 2016, the company ceased all operations, citing insufficient cash reserves, accumulated tax and debt liabilities, and "certain recent events resulting from the Notice of Default from YA Global Investments".[2]

After declaring to cease operations, the company was then sued by all of its former employees after refusing to pay outstanding wages.

As of May 1st, 2017, Coroware is still in business.

Products

References

  1. ↑ CoroWare CoroBot Gains Momentum Within Research and Development Community
  2. ↑ http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11655150

See also

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