It often seems that the mere mention of Apple’s (NASDAQ: AAPL) iPad or iPhone is enough to drive OTC stocks upwards, often rapidly. This was the case today when Quantum Mechanical (OTC: QUAN) released a second press release in as many days that focused on iPad integration with its robotics initiatives.
The stock bolted following the opening bell and finished the day up over 30%. The stock closed at $2.109 having closed Tuesday at $1.60. Volume was huge at 393,000 shares traded when the company has averaged just 23,000 shares traded for the last three months.
New products such as Orbotix’s Sphero toy and Parrot’s AR.Drone 2.0 quadrocopter have proven the potential for mobile devices as robotics interfaces. The latter has been mentioned in highly-publicized speculation about helicopters delivering tacos in the Bay Area. Unfortunately, officials at the FAA quickly mentioned that the idea and promise of taco delivery was fiction. Commercial drones are still illegal in its eyes.
“Current U.S. FAA regulations prevent … using UAVs [Unmanned Aerial Vehicles, like drones] for commercial purposes at the moment. Honestly I think it’s not totally unreasonable to regulate something as potentially dangerous as having flying robots slinging tacos over people’s heads … on the other hand, it’s a little bit ironic that that’s the case in a country where you can be killed by drone with no judicial review,” said Star Simpson co-founder of TacoCopter.
Does no one important at the FAA enjoy tacos?
Regardless of the future of TacoCopter, the future of robotic systems being controlled by the iPhone and iPad is simply a matter of time according to the people at Quantum Mechanical.
“The mass adoption of tablets and smartphones has given rise to a huge market for applications and accessories that increase the value of these amazing devices,” said Quantum CEO Robert Federowicz. “Startling new innovations like the Romo Smartphone Robot have demonstrated the enormous synergy potential of the Apple iPhone and iPad to robotics developers. Quantum has short-listed several early-stage robotics companies for potential joint venture and acquisition that can help us position our business to commercialize the coming wave of smartphone robotics applications.”
One of these companies that Quantum has been looking at is Industrial Research Institute for Automation and Measurements (PIAP) in Warsaw, Poland. Quantum has already signed a letter of intent and begun due diligence as it looks to enter a joint venture with the Polish outfit. PIAP hopes to take advantage of a worldwide budget of over $5 trillion dollars to fight terrorism. PIAP has also designed a mosquito-sized robot that would be used to clean up oil spills.
Quantum is, of course, not the only company looking at the future of tablet and smart-phone-controlled robots. The company is looking to grow aggressively in order to vault to the front of other companies like iRobot (NASDAQ: IRBT), Honda Motor (NYSE: HMC), AeroVironment (NASDAQ: AVAV) and, potentially soon, Apple.
Still, the future looks bright for Quantum Mechanical.