LAS VEGAS, Oct. 11, 2005 (PRIMEZONE) -- The CEO of InRob Tech Ltd. ("InRob") (OTCBB:IRBL), Mr. Joseph, takes this special opportunity, following the successful completion of the reverse merger with Western Gaming, to provide a brief overview of the company, its activities, and its plans for the next 12 to 18 months.
"We made a commitment from the very onset of this process to keep the investment public up-to-date on our activities, and I see this as prime opportunity to begin fulfilling this commitment," says Joseph.
"InRob has been in business now since 1988, and our real growth is expected to take place in the next three years, particularly because of global trends and our focus on defense and homeland security unmanned ground vehicles robot (UGV) technologies. Revenues in 2004 we were at $1.2 million, and on the basis of half-year results, we expect to see a solid increase by the end of this year, with many large contracts in the workings for 2006 and 2007."
"We expect that our growth will continue in the coming months and years. We have built up our reputation for creating innovative and cost-effective solutions for the ever-growing security needs around the world."
"What are the reasons behind the use of UGVs? Robots are increasingly used in tasks involving any of the "three Ds" -- dirty, dangerous, or dull. While there are many commercial industries that have successfully made use of robotic technology in manufacturing to cover the dull part of the three Ds, InRob is directing its focus on the dirty and dangerous. Our reasoning is simple -- perhaps the most difficult challenge for robots today is the use of unmanned ground vehicles (UGV) in the unstructured, complex, and changing outdoor environment of land operations."
"Advances in remote-control technologies are leading to increased use of UGVs. For example, UGVs are expected to produce significant changes in ground warfare. Under a plan presented to the U.S. Congress by Senator John Warner of Virginia in 2001, by 2015 one-third of U.S. ground combat vehicles would be unmanned. As a result, the current U.S. defense budget includes significant funding for unmanned vehicle projects including research by the Defense Advanced Research Projects Agency (DARPA), which develops advanced technologies for the U.S. Army's future combat systems. Working with our strategic partners, InRob fits very nicely in this market."
"With this, our target market is the full range of military, law enforcement, and civilian mission-critical applications for unmanned ground vehicles. Military applications can include explosive ordinance disposal (EOD), which is used by bomb squads to minimize danger to bomb technicians, mine clearing, and a whole range of other activities. For law enforcement, we're also dealing with bomb disposal, but in this case, the bombs can be much more unstable, and we are also fulfilling surveillance functions. In the civilian realm, perhaps the most important direction InRob has taken is in the field of fire fighting."
"Two of our strongest selling points are that InRob builds a complete UGV system and does so to the highest standards of military specifications. This means that all of the components and functions are fully integrated in-house, under strict military supervision, and they work all the time."
"When we talk about a complete system, this covers the major components of a UGV, which include a platform upon which the system sits and is moved, like a tank, a tractor, or a customized vehicle; an operator control unit through which the operator gives commands to the UGV; a communications system for the remote operation of and collection of data from the UGV; and a set of tools that enable the UGV to carry out it's primary mission, like an x-ray or weapons system."
"Because we have such a strong understanding of all the components of a UGV, we can also work with partners in building portions of the system and helping them to integrate them with their components. We view this as our jumping block to attaining even greater growth in the coming months and years. We are targeting strategic partners that could be excellent matches in terms of combined expertise, while leveraging our position through their established markets."
"So, in addition to selling our line of established UGV systems, we expect to see real growth in the sale of our remote control systems, our specialized tools, and our customized solutions, as well. As technology advances, we'll also be looking to create smaller, more autonomous high-performance UGVs."
"InRob works very closely with various military and law enforcement organizations. Much of their activities are not disclosed to the public, meaning that we won't always be in a position to fully or even partially disclose our achievements to our investors. Please know that this is simply a condition for doing business and not an excuse to hide information from the public. Wherever possible, we will disclose our activities to our investors."
"This briefly sums up our activities at InRob, and we look forward to creating a momentum of continuous growth in value over the coming years."
About InRob Tech
InRob Tech is a Nevada-based high-tech company with a wholly owned subsidiary in Israel, specializing in the planning, manufacturing, and service support of advanced wireless and remote control systems, operating all types of robots and other vehicles. The company is a leader in its field and supports the IDF (Israeli Defense Forces), Israeli police, and other military and civilian companies dealing with security. Founded in 1988, the company works closely with other high-tech companies to provide the most advanced and comprehensive UGV solutions to the market.
For more information, please visit our web site at www.inrobtech.com.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate, and actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.