For more than a decade, millions of robots built by iRobot Corporation (NASDAQ:IRBT) have autonomously wandered through their surroundings using bumpers, lasers, and infrared and acoustic sensors.
But what if there was a better way for robots to get around?
And no, we're not talking about remote controls. According to the Fool's Steve Symington in the video below, iRobot has just the thing with vSLAM, which stands for "visual simultaneous location and mapping." By using its patented vSLAM technology in conjunction with low-cost cameras to build visual maps of the surrounding area, recent comments from iRobot indicate it's planning to introduce an entirely new generation of self-navigating automatons.
To hear Steve's take on what this means for robotics fans and investors alike -- including where iRobot acquired the necessary intellectual property behind vSLAM -- please watch the full video below.
Are you ready to profit from this $14.4 trillion revolution?
In the end, iRobot could be about to change the face of robotics as we know it. And let's face it, every investor wants to get in on revolutionary ideas before they hit it big. Like buying PC-maker Dell in the late 1980s, before the consumer computing boom. Or purchasing stock in e-commerce pioneer Amazon.com in the late 1990s, when it was nothing more than an upstart online bookstore. The problem is, most investors don't understand the key to investing in hyper-growth markets.
The real trick is to find a small-cap "pure-play" and then watch as it grows in EXPLOSIVE lockstep with its industry. And iRobot isn't the only promising growth name out there. In fact, our expert team of equity analysts has identified one stock that's poised to produce rocket-ship returns with the next $14.4 TRILLION industry. Click here to get the full story in this eye-opening report.
Steve Symington owns shares of iRobot. The Motley Fool recommends iRobot. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.