NEW YORK, NY--(Marketwired - Mar 24, 2015) - World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company") today announced that it has donated two Moto-Meters™ to be used for a student project in a graduate level class taught by Google-X cofounder Sebastian Thrun.
The Company was recently contacted by a graduate student in Sebastian Thrun's class who needed a device that integrated an advanced array of inertial and metering sensors for a project on a two-wheeled vehicle. The project, which will apply equally well to bicycles or motorcycles, is designed to help determine the location of a single tracked vehicle to a very high accuracy. While GPS alone can determine a position of a moving object to within a few meters, calculating a location with sub-meter precision, which is a requirement of self-navigating vehicles, requires the use of onboard inertial sensors and complex algorithms. The student contacted World Moto to supply 2 demo units after determining that the sophisticated sensor array included with the Moto-Meter™ provided a platform that was well suited for this type of demanding application.
The course professor, Sebastian Thrun, is a Max Planck Research Award winner who as a Google Vice President and Fellow led the project to create the Google driverless car. Doctor Thrun is currently CEO of Udacity, as well as a research professor at Stanford University, and is one of the most respected authorities in the fields of robotics and artificial intelligence. The particular course is designed to mentor exceptional students and to propel them forward in their careers to become innovators and entrepreneurs developing the next generation of disruptive technologies.
World Moto CTO, Chris Ziomkowski, stated, "Sebastian Thrun is a legend in the engineering community, and it is very gratifying to have the Moto-Meter's potential recognized in this way and to be able to assist one of his students with this kind of groundbreaking research."
World Moto Changing the way the world goes around™
World Moto is the inventor of the Moto-Meter™, Wheelies™, and Yes™.
Products/Services:
The Moto-Meter™ is a landmark device that CNN, Newsweek, Wired, Moneylife, among others, are calling "the world's first motorcycle taxi meter" and "world's first portable taxi meter" and "first-ever black box for motorcycles," while the Times named it "one of the most significant innovations of this decade" and Fast Company declared it "The First Real Taxi Meter Innovation in 100 Years...a $3 billion dollar idea."
Wheelies™ display static and streaming media on the wheels of motorcycles and automobiles, providing a unique and beautiful new mobile medium for advertising, broadcasting, self expression and publishing. According to Fast Company, Wheelies™ "invents a new kind of screen -- and one that's potentially ubiquitous...It's best seen to be believed."
Yes™ - Delivery in minutes - Popular food, snacks, beverages, household supplies, personal care, health and essentials. Want it now? Yes™.
Community:
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Website: http://www.worldmoto.com
To find out more, please visit the links above. World Moto, Inc. trades on the following: (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY).
Details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's EDGAR database.
Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, use of proceeds and size of market for Moto-Meter. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.