LAS VEGAS, Dec. 6, 2005 (PRIMEZONE) -- InRob Tech Ltd. ("InRob") (OTCBB:IRBL), a leader in the development and production of advanced wireless control systems and integrated solutions for unmanned ground vehicles (UGV), today announced that the Company is now building up its business development efforts to generate sales of its remote control system for Caterpillar D9 bulldozers.
Following the successful completion of rigorous testing by the engineering corps of The Israel Defense Forces (IDF), and the recent first sale of a system to the IDF, InRob is now ready to pursue the larger markets for selling the remote control system.
"Our research shows that the market is just now building up, starting at an estimated tens of millions of dollars," says InRob Tech's CEO, Ben Tsur Joseph. "Because this is a totally new approach for using D9's, we expect to see in the coming years a significant jump in the demand as the market becomes aware of the advantages that unmanned D9's offer. With a unit price of approximately $100,000, along with maintenance contracts, this makes the market very attractive. We are firmly establishing our name in the UGV market with this system and other products, and having the full endorsement of the IDF helps to push us ahead of the competition."
InRob's advanced remote control systems for D9's will be used by military units for work in dangerous conditions and unstable terrain. "InRob will continue to develop technological advances in this area and we will be pushing very hard on business development. We are working closely with our strategic partners in several countries and looking to develop new relationships in order to take a significant share of the market as it grows in the coming years," concludes Joseph.
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.