I've been following iRobot for a while and beleive it has a great long term potential, but I have not been able to find any information on it's healthcare division that was started back in 2009. This was supposed to be a huge area for potentila growth and there is no longer any info on the website about this area. So, I emailed iRobot invester relations and the response I got is below:
Thank you for your interest in iRobot. In February 2011, the company combined its Home Robots Division and Healthcare Business Unit into one organization. Subsequent to the combination of the businesses, Tod Loofbourrow decided to leave iRobot to pursue other interests.
Elise P Caffrey VP, Investor Relations iRobot Corporation
I'm wondering if anyone has any info on this division. are they no longer pursuing this area or just in "stealth mode."
Thanks for the info. I hope as Colin indicates, that they stay after health care. It's not easy (heavily regulated) but once in, there is good steady money. Suspect it would help our market cap too. People like the healthcare plays like intuitive Surgical.
the AVA i thought was the blank slate upon which they were hoping to build ideas off of?
i think they are just trying to find/figure out a commercial product that would sell in volumes... not the easiest thing to do with robotics yet.
i.e i remember lots of people asking for the lawnmower however i bet the whole lawsuit aspect stopped that in its track... imagine for whatever reason an accident happened with an irobot lawnmower? that would be gameover... same with the healthcare sector... got to be careful in regards to that aspect...