The acquisition of RoboTerra products distribution in the global market, the rights to further improve the existing technology and continue to develop our own proprietary IP on top of RoboTerra’s IP complements our passion to help educators teach STEM.
SANTA CLARA, CA (PRWEB)
September 21, 2017
ROBOLOCO, Inc., an educational technology company, with headquarters in Santa Clara, CA, announces a strategic distribution and licensing partnership with RoboTerra Inc., a Silicon Valley & Beijing global educational robotics company. According to the agreement, ROBOLOCO is now the sole distributor for the RoboTerra award-winning Origin and ERRA Kits, outside of China. This partnership incorporates a perpetual license for ROBOLOCO to develop its own proprietary software and robots based upon the existing RoboTerra technology.
ROBOLOCO’s CEO, Newton Paskin said, “The acquisition of RoboTerra products distribution in the global market, the rights to further improve the existing technology and continue to develop our own proprietary IP on top of RoboTerra’s IP complements our passion to help educators teach STEM (Science, Technology, Engineering, and Mathematics). Our team, customers, and investors are extremely excited about the possibilities.”
ROBOLOCO will continue to develop RoboTerra’s educational tools such as the award-winning Origin Robotics Kit and the CastleRock Online Platform, the world’s first virtual robotics learning cloud. ROBOLOCO plans to add expertise in the areas of constructivist curriculum and artificial intelligence to enable instant feedback to educators and enhance the teaching and learning experiences providing an individualized and customized education opportunity for kids.
With this strategic partnership, ROBOLOCO, Inc. is seeking a new round of financing to scale its operations with the aim of reaching $ 75MM in revenue.
About ROBOLOCO, Inc.
ROBOLOCO, Inc. was recently launched by Newton Paskin, Patrick Muggler, and Derek Capo. Its’ mission is to empower educators to teach STEM and equip students with the skills they need for a successful life. To accomplish its mission ROBOLOCO is developing educational tools that combine leading-edge technology in hardware and software…