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The word Group Mechatronics was first coined by a senior engineer of a Japanese company Yaskawa, in 1969, as a combination of "mecha" of mechanisms and "tronics" of electronics and the company was granted the trademark rights on the word in 1971 [1-2]. The word soon received broad acceptance in industry and, in order to allow its free use, Yaskawa elected to abandon its rights on the word in 1982 [3]. The word has taken a wider meaning since then and is now widely being used as a technical jargon to describe a philosophy in engineering technology, more than the technology itself. For this wider concept of mechatronics, a number of definitions has been proposed in the literature, differing in the particular characteristics that the definition is intended to emphasize.