Content area
Abstract
WowWee, with a team of design engineers based in Hong Kong and through the WowWee Marketing design team based in La Jolla, designs, develops markets and distributes technology-based consumer products and toys. WowWee is best known for its line of Robo-branded consumer robotic products. WowWee's Robosapien, introduced in 2004, was the first in a line of robotic products that use biomorphic motion technology and is uniquely programmable to perform a variety of functions. Since its launch, Robosapien has been honored with numerous awards in markets around the world. Today, the Robo line includes Roboraptor, a robotic dinosaur; Roboreptile, a robotic reptile; Robopet, a robotic dog; Robopanda, a robotic panda; Roboquad, a robotic quadraped; Roboboa, a robotic snake; Robosapien V2; and RS Media a technologically advanced version of Robosapien.
WowWee's core competency and key competitive advantage has been its ability to identify cutting-edge technologies and through its unique, creative, and flexible design process, to incorporate these technologies in the development of innovative consumer-focused products. WowWee has demonstrated the ability to be at the forefront of consumer trends with emphasis placed on evolving consumer preferences for technology-based electronic products. WowWee has continued to expand its award-winning portfolio of entertainment robots to incorporate "smart", task-based features, setting a standard for affordable, high-end, consumer-robotic and electronic devices. WowWee's products are sold through its direct sales channel as well as through international distributors. Approximately 65% of its products is sold in North America, with the balance being sold internationally.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words such as "expects", "intends", "anticipates", "plans", "believes", "seeks", "estimates", or variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include, but are not limited to, statements about our current expectations with respect to our future growth strategies, opportunities and prospects, competitive position and industry environment. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, or those of the markets we serve, to differ materially from those expressed in, or implied by, these forward-looking statements, including: