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Microcap & Penny Stocks : Denning Mobile Robotics (OTCBB:DMRI) -- Ignore unavailable to you. Want to Upgrade?

To: JP390 who wrote (97)	8/23/1998 2:57:00 PM
From: Mongo2116	Read Replies (1) \| Respond to of 182

FWIW>>February 17, 1997 A worthy overseas overture -------------------------------------------------------------------------------- iven the tortured local and national history of overseas "economic development" junkets, it's no wonder so many locals were skeptical of the trip last July that sent area politicians, business and civic leaders to Japan with the Pittsburgh Steelers. Many doubted that politicians, economic development leaders and business executives could attract new business here just by tagging along as the Steelers played an exhibition game in Tokyo. But as Dan Fitzpatrick's Feb. 10 story reported, this overseas trip included an overture to Japan's fourth-largest robotics company, Yaskawa Electric Corp., that may bring a new factory here. Pittsburgh's Urban Redevelopment Authority and Carnegie Mellon University are talking with Yaskawa about the benefits of one of the region's newest and best-kept, high-tech secrets, the NASA Robotics Engineering Consortium. It's because of the collected brain and computing power involved in this consortium, managed by CMU's Robotics Institute, that Yaskawa is interested in Pittsburgh. This is just the kind of corporate interest that Pittsburgh must instill in foreign and domestic companies if it is to successfully build on the tremendous collection of assets assembled by CMU and the University of Pittsburgh in robotics, engineering and biomedical disciplines. The good news is that Yaskawa is interested in Pittsburgh because of the NASA consortium. The better news is that the consortium is talking to 10 companies, not just Yaskawa, about relocating here or opening facilities here because of local work in robotics that is leading the world in commercial applications of university-derived research. This is the kind of commercial growth that Pittsburgh must cultivate and harness to its newest and most promising job creators, our universities. The Yaskawa overture, while possibly leading to a large new investment by a private robotics firm here, is hardly the first such effort. In 1994, Denning Mobile Robotic relocated here from Boston for the same reason, to be close to the people, the machines and the technology on the sharpest edge of the robotics revolution. These individuals and organizations, right here in Pittsburgh, are often forgotten and rarely acknowledged by the rest of us. That's a shame. If a company in Japan can see great opportunities in Pittsburgh, then those of us who call this community home must educate ourselves -- and spread the message. Pittsburgh has a great opportunity; let's build on it. c 1997, Pittsburgh Business Times