CHANDLER, Ariz., Feb. 8, 2012 (GLOBE NEWSWIRE) -- Ecoland International, Inc. (OTCBB:ECIT) is pleased to announce formation of "Robotics Research Group" (RRG). Newly created group aims to develop state-of-the-art robotic solutions, and partner with industry leaders to integrate those technologies and to provide innovative products and services. RRG dynamic team of engineers and technicians will tackle some of the most difficult robotics and automation puzzles. Group's creation is part of D & R's ongoing commitment to research and development in the area of the industrial robotics.
The modern robotics market has existed for nearly 30 years, but within the last decade, substantial improvements in overall functionality, levels of control, and cost structures have been achieved. While many of the advancements in robotics have been achieved in industrial markets where higher amounts of spending have allowed the development and commercialization of highly technical, yet costly, robots, many of the lessons learned are quickly trickling down to other market segments, including health care, business and commercial markets, and personal robotic devices.
"Increasing use of robots across several sectors will drive the growth. Market researchers are forecasting a US$3.6 billion jump in the industrial robotics market by 2015, from US$6.4 billion last year. The auto industry has traditionally been the largest single user of industrial robotics but increasing use of robots in sectors such as food handling and processing, clean technology and energy, as well as pharmaceutical and general consumer goods production, will lead to increased demand for industrial robotics as manufacturers look to improve the speed, quality and reliability of production through automation. According to Japanese Robot Association research, personal robot industry will be worth more than US$ 50 billion by 2025. We are structuring our organization to capitalize from exponential growth of the market," said Mr. Drasko Karanovic, President and CEO of D&R Technology Inc.
Mr. Berardino Paolucci, Special Advisor to the Board, commented on the impact of the robotics to economy and job market:
"Robotics will be a major driver for global job creation over the next five years. One million industrial robots currently in operation have been directly responsible for the creation of close to three million jobs. A growth in robot use over the next five years will result in the creation of one million high quality jobs around the world. Robots will help to create jobs in some of the most critical industries of this century: consumer electronics, food, solar & wind power, and advanced battery manufacturing to name just a few. Industrial Robots save production locations and millions of jobs in additional to the million jobs expected to be directly created by the increased use of robotics."
About D & R Technology Inc:
D & R Technology designs, manufactures, and markets industrial and consumer products. Through independent subsidiaries we provide state of the art automation technology solutions to enable customers to dramatically accelerate time-to-market and increase revenue.
D & R Technology Inc. is a recognized technology pioneer and market leader in the area of engineering, design and the manufacturing of automated tube processing solutions for the automotive industry. It is emerging as one of the world's leading providers of automated manufacturing solutions, which are used by three of the top ten automotive part suppliers in the world.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbour" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to the future anticipated direction of the Company, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, potential contracts, and/or aspects of litigation. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, Ecoland International Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions. Persons are encouraged to read our Annual Report on Form 10-K for the year ended May 31, 2011 and our other documents subsequently filed with the Securities and Exchange Commission for meaningful cautionary language in respect of forward-looking statements in this press release. Interested persons are able to obtain free copies of filings containing information about the Company at the SEC's internet site (http://www.sec.gov). The Company assumes no obligation to update any of these forward-looking statements