KIRKLAND, Wash., March 26, 2013 /PRNewswire/ -- CoroWare Technologies, a wholly owned subsidiary of CoroWare, Inc. (OTCQB: COWI), today announced that its Enhanced Collaboration Solutions business unit has received new orders and signed a three year reseller agreement for its CoroCall Business Class HD Video Conferencing service.
The new orders represent a mixture of new and repeat customer engagements with Value Added Service Providers (VASP) who focus on vertical market segments, including distance learning and telemedicine.
"CoroWare and its VASP partners are addressing a rapidly growing videoconferencing services market that is projected to reach $15.6 billion by 2018," said Susan Eustis, president of Wintergreen Research. "CoroWare is uniquely positioned to support VASP partnerships by virtue of its usage-based billing software and customer support services. The company has a credible presence in the market and very good support services. CoroWare videoconferencing services represent a quality solution based on very strong technology that permits efficient implementation on a customized basis"
CoroWare's education VASP partners offer distance learning or virtual field trip videoconferencing services to primary and secondary schools across North America, whereas CoroWare's telemedicine VASP partners offer a range of videoconferencing and collaboration services to hospital and healthcare management facilities.
"CoroWare is committed to helping Value Added Service Providers rapidly deploy and profitably sell a range of HD videoconferencing services to their customers," said Mike Searcy, director of sales at CoroWare. "CoroWare's VASP partners can focus on marketing a unique combination of collaboration services to their customers because CoroWare focuses on delivering the videoconferencing, recording, and billing services that CoroWare's partners need to grow their businesses."
About WinterGreen Research
WinterGreen Research is an independent research organization funded by the sale of market research studies all over the world and by the implementation of ROI models that are used to calculate the total cost of ownership of equipment, services, and software. The company has 35 distributors worldwide, including Global Information Info Shop, Market Research.com, Research and Markets, Bloomberg, and Thompson Financial.
About CoroWare
Headquartered in Kirkland, Washington, CoroWare is a solutions integrator with expertise in affordable telepresence, service oriented business applications, and mobile robotics. Since 2004, CoroWare has delivered consulting services and software solutions to customers worldwide in Europe, Asia, and North America. For more information on CoroWare and its products and services, please visit www.coroware.com.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners. This press release is written using forward-looking statements pursuant to the Private Securities Litigation Reform Act of 1995: http://www.sec.gov/about/laws/sea34.pdf (Sec.21E p. 223).
Investor Relations Contact:
Shanna Gerrard
CoroWare
investor@coroware.com
(800) 641-2676, option 3
SOURCE CoroWare, Inc.