CoroWare Signs NSF Research Center Agreement With University of North Carolina at Charlotte

CoroWare Signs NSF Research Center Agreement With University of North Carolina
                                 at Charlotte

Launches Robotics Design and Development Center in Charlotte

PR Newswire

KIRKLAND, Wash., Jan. 23, 2013

KIRKLAND, Wash., Jan.23, 2013 /PRNewswire/ --CoroWare Technologies, a wholly
owned subsidiary of CoroWare, Inc. (COWI.OTCQB) announced today that it has
signed a membership agreement of the National Science Foundation (NSF) Safety,
Security, and Rescue Research Center (SSR-RC) with the University of North
Carolina (UNC) at Charlotte for cooperative research in advanced robotics for
homeland security, health care, and search and rescue.

The NSF SSR-RC comprises site universities, including the University of
Minnesota, University of Pennsylvania, University of Denver, and UNC
Charlotte, and industry partners. The mission of the UNC Charlotte site is to
conduct partner-oriented, multi-disciplinary research on robotic and sensor
systems augmented by data analysis, to improve the safety, capability and
well-being of humans.

"Launching this research center will help UNC Charlotte's research center link
its robotics research initiatives with industry partners such as CoroWare to
increase industry competitiveness and stimulate entrepreneurship," said Jing
Xiao, Professor of Computer Science and Site Director of SSR-RC at UNC
Charlotte. "Working together, the UNC Charlotte SSR-RC and CoroWare can bring
new and advanced technologies to market through cooperative product
development."

In support of this initiative, CoroWare has launched a robotics design and
production facility in Charlotte to refine its robotics manufacturing
capabilities, expand its robotics application development, and advance its
mobile robotics product line to address new robotics market segments such as
homeland security, health care, and search and rescue.

"We are excited to be working in close cooperation with the UNC Charlotte
SSR-RC and accelerating the growth of our robotics business," said Joe Daziel,
business unit manager at CoroWare. "Charlotte is proving to be an ideal
location to open a robotics development center because the greater Charlotte
area comprises a high concentration of science, technology, engineering and
medical researchers and industry partners."

The Robotics Operation of CoroWare Charlotte (ROCC) is located at the
Ventureprise - Ben Craig Center, a non-profit organization sponsored by UNC
Charlotte with strong links to business leaders throughout the Charlotte
region. Ventureprise provides a full range of facility and business advisory
services in its 50,000 square foot building inUniversityResearchPark, and
is the portal into the university for early-stage entrepreneurs seeking to
leverage university resources.

About I/UCRC
Industry University Cooperative Research Center, I/UCRC, is a National Science
Foundation (NSF) funded consortium of companies and universities working
together on industry-relevant research in an emerging field. TheSSR-RCis the
only NSF I/UCRC focused on robotics technologies. SSR-RC focuses on the
emerging field of Safety, Security, and Rescue research, which includes a
variety of topics in healthcare, energy, manufacturing, homeland security, and
emergency preparedness and response.

About CoroWare
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.

CoroWare has been an Authorized Vidyo Reseller and Conference Service Provider
since 2009, and has delivered HD videoconferencing solutions in North America
and subscription services across Europe, Asia, Africa, the Middle East 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 over 86 corporate and academic researchers in
over 24 countries worldwide.

In 2012, CoroWare was listed in the RBR50 list of robotics companies to watch
by Robotics Business Review.
http://www.roboticsbusinessreview.com/site/more_about_the_rbr50

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.

Investor Relations Contact:
Shanna Gerrard
CoroWare, Inc.
investor@coroware.com
(800) 641-2676, option 3

SOURCE CoroWare Technologies

Website: http://www.coroware.com
 
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