Great Rock Development Acquires Cyberworks Robotics

Great Rock Development Corp. is pleased to announce the acquisition of Cyberworks Robotics Inc., a pioneer in the autonomous robotics industry.

About Cyberworks Robotics

Cyberworks Robotics brings a wealth of experience and knowledge to Great Rock as it is an established leader in the Automation Industry and has the technological reach to target several vertical markets.

These include, but are not limited to, automation of the industrial cleaning and wheel chair markets. The industrial cleaning market alone is the largest prospective industry for deployment of fully autonomous robots and is an area in which we believe Cyberworks Robotics has a dominant position having created the worlds first robotic cleaners that had international sales starting in the late 1980's. Additionally;

  • In 1984 Cyberworks Robotics demonstrated the world's first autonomous robot which could navigate and work in unknown areas without any apriori teaching or map learning - it was the world's first truly autonomous mobile robot.
  • Cyberworks Robotics developed the world's first robotically assisted electric scooter for the disabled in 1991 with then industry leader Everest & Jennings.

As part of the acquisition Great Rock is to issue 160,000,000 restricted common shares and 400,000 super voting shares to the shareholders of Cyberworks Robotics.

Capital Structure

In follow up to our September 11, 2015 and September 15, 2015 press releases, Great Rock has finalized the cancellation of a total of 120,000,000 shares of common stock and through the divestiture eliminated all but approx. $14,000 of debt. Post acquisition the new total issued & outstanding share amount is 247,520,269 issued common shares. The float is estimated at approximately 38,000,000 shares consistent with the past 3 years.

Management looks forward to sharing more information on our progress through timely news releases and email updates.

To be added to the Great Rock mailing list email [email protected] with GROC in the subject.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.