ARiCON Signs Client-Tenant Agreement with Ventureprise, Delivering High-Tech Solutions to Enhance the Construction Industry

CHARLOTTE, N.C., March 20, 2013 /PRNewswire/ -- Ventureprise, a regional public-private non-profit that supports the success of start-up and early-stage entrepreneurs and is affiliated with UNC Charlotte, announces today a new client-tenant agreement with ARiCON LLC.

ARiCON is a joint venture between CoroWare, Inc. (OTCQB: COWI), who is contributing mobile robotics development capabilities; and Lucas Snyder, a private investor who is contributing construction industry knowledge, expertise and customer relationships. They are developing small robot platforms (ARiBOT), applications and solutions for the construction industry. 

"We chose Ventureprise at The Ben Craig Center as our start-up home because of their reputation as a substantive resource with a full range of facility and business advisory services for high tech, fast growth ventures," says Joe Daziel, ARiCON President.  "We also recognize Ventureprise as the portal into UNC Charlotte for leveraging university resources, which are vital to our commercial success."

ARiCON will repurpose existing technology with its unique design to create the ARiBOT, which uses CAD/CAM architectural plans to precisely measure and mark for interior walls, plumbing, HVAC, etc. in new commercial construction significantly faster and with greater accuracy than today's tools.

"We are pleased ARiCON chose to start-up in Charlotte, and with Ventureprise, and are excited to assist with their growth," says Paul Wetenhall, Ventureprise President. "ARiCON's leaders understand the value Ventureprise provides through access to the right resources, advisory services, meaningful connections and receiving full benefits from the shared office resources available to all Ventureprise client-tenants to help accelerate their growth."

In addition to establishing ARiCON in Charlotte, CoroWare has also relocated its robotics design, development and manufacturing center to Ventureprise, located at The Ben Craig Center.  CoroWare will continue to develop complementary robotics software technologies, develop cyber security and collaboration solutions and deliver its CoroCall Business Class HD Videoconferencing Service from its headquarter office in Kirkland, Washington and other locations across the United States.

About Ventureprise, Inc.
Ventureprise, Inc. (formerly The Ben Craig Center) is a regional public-private non-profit that supports the success of start-up and early-stage entrepreneurs. Ventureprise accomplishes this through a program of education, networking, access to capital, and business incubation and acceleration services. Ventureprise is leading the region in building a strategy and a supportive ecosystem that fosters growth of innovative and entrepreneurial companies. Ventureprise has strong links to the University of North Carolina at Charlotte as well as to businesses and community resources throughout the region.

About ARICON, LLC
Headquartered in North Carolina, ARiCON, LLC, is focused on the development and marketing of mobile robot platforms, applications, and solutions for the construction industry.

About CoroWare, Inc.
Headquartered in Kirkland, Washington, CoroWare is a solutions integrator with expertise in affordable and open mobile robotics; business class video conferencing; and operational business intelligence.  Since 2004, CoroWare has delivered mobile robotics consulting services, solutions, and products to customers worldwide in Europe, Asia, and the Americas. 

CoroWare is recognized as an innovative mobile robotics solutions integrator in the research community because of its expertise in Robotic Operating System (ROS), robotics simulation, and application development.  CoroWare's CoroBot product line has been shipped to corporate and academic researchers in over 24 countries worldwide.

For more information on CoroWare and its products and services, please visit www.coroware.com.

Safe Harbor Statement: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") (http://www.sec.gov/about/laws/sea34.pdf (Sec.21E p. 223). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act.  Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Forward looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. CoroWare takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties.  The names of actual companies and products mentioned herein may be the trademarks of their respective owners.  

CoroWare Investor Relations Contact:
Shanna Gerrard
CoroWare, Inc.
[email protected]
(800) 641-2676, Option 4

Media Contact
Cassandra Ray, Turning Point Advisors
(330) 464-5839
[email protected]

SOURCE CoroWare, Inc.