Thursday, October 25, 2007
Evolution Robotics, Wowwee To Launch Robot Products
Pasadena-based Evolution Robotics and toy maker Wowwee Limited said today that the two are in a joint agreement to launch a new category of entertainment robots and robotic toys. The two companies said that they will release at least three products in 2009 based on Evolution Robotics' technology, with additional products under development. Financial terms of the deal were not disclosed. The two said the toys are the result of 18 months of research and development by the two companies. Evolution Robotics is an Idealab-backed firm developing vision and navigation software for robots.