ROBOLOCO, Inc., an educational technology
company, with headquarters in Santa Clara, CA, announces a strategic
distribution and licensing partnership with RoboTerra Inc., a Silicon
Valley & Beijing global educational robotics company. According to
the agreement, ROBOLOCO is now the sole distributor for the RoboTerra
award-winning Origin and ERRA Kits, outside of China. This partnership
incorporates a perpetual license for ROBOLOCO to develop its own
proprietary software and robots based upon the existing RoboTerra
technology.
ROBOLOCO’s CEO, Newton Paskin said, “The
acquisition of RoboTerra products distribution in the global market, the
rights to further improve the existing technology and continue to
develop our own proprietary IP on top of RoboTerra’s IP complements our
passion to help educators teach STEM (Science, Technology, Engineering,
and Mathematics). Our team, customers, and investors are extremely
excited about the possibilities.”
ROBOLOCO will continue to develop RoboTerra’s
educational tools such as the award-winning Origin Robotics Kit and the
CastleRock Online Platform, the world’s first virtual robotics learning
cloud. ROBOLOCO plans to add expertise in the areas of constructivist
curriculum and artificial intelligence to enable instant feedback to
educators and enhance the teaching and learning experiences providing an
individualized and customized education opportunity for kids.
With this strategic partnership, ROBOLOCO,
Inc. is seeking a new round of financing to scale its operations with
the aim of reaching $ 75MM in revenue.
About ROBOLOCO, Inc.
ROBOLOCO, Inc. was recently launched by Newton
Paskin, Patrick Muggler, and Derek Capo. Its’ mission is to empower
educators to teach STEM and equip students with the skills they need for
a successful life. To accomplish its mission ROBOLOCO is developing
educational tools that combine leading-edge technology in hardware and
software such as Robotics coupled with Artificial Intelligence (AI) with
accessible and easy to use constructivist curriculum, aligned with ISTE
and NGSS Standards, focused on the teacher. Its motto is “Easy for the
teacher, fun for the kids and affordable to the schools”
About RoboTerra, Inc.
RoboTerra was founded in Spring 2014 by Yao
Zhang a 2016 Young Global Leader, Columbia University alum in the
Economics and Education Ph.D. program, a FIRST Robotics World
Championship invited speaker, and recipient of the "Best 10 Global
Citizen Service Award" by the United States Department of State.
RoboTerra China Private Enterprise (a.k.a. in
Chinese “Luo Bo Tai La”) will continue its operations in China focusing
towards developing products for the Chinese education market and
RoboTerra Inc. (a Delaware C-Corp) will continue to advance technologies
in the learning space.
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