LAS VEGAS, July 27, 2006 (PRIMEZONE) -- InRob 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 first products for a development project involving Caterpillar, Ramta and InRob, are in their final stages of production and anticipates imminent delivery.
"The delivery of these first products signifies a significant milestone in InRob's relationship with its partners. The first orders have been received and products will soon be rolling off the assembly line, with many repeat orders anticipated. We are proud and pleased to enter into the global UGV market, estimated at several hundreds of millions of dollars, with partners of such high caliber and are confident that with such strategic partners, we will become a significant and dominant player in this market. We have strong expectations to expand into additional development projects with these partners," says Mr. Ben Tsur Joseph, CEO of InRob.
The modified Caterpillar multi-purpose platform complete with InRob's new remote control system is uniquely designed to meet the growing global demand for a reliable, rugged multi-purpose platform with remote control capabilities uniquely suited to military, law enforcement and defense applications.
The Caterpillar development project follows InRob's successful development of a remote control system for Caterpillar D9 bulldozers several months ago. InRob's remotely controlled Caterpillar D9 passed the most stringent testing by the IDF and was declared suitable for use by military units for work in dangerous conditions and unstable terrain.
"As one of the leading factories of IAI (Israel Aircraft Industries), Ramta has extensive experience and expertise, and an outstanding global reputation as a defense manufacturer. We are very pleased to extend our fruitful work on one of the most popular Caterpillar platforms in the world, together with Ramta, a defense industry leader whose products reflect uncompromising quality," adds Ben Tsur Joseph, CEO of InRob. "This order is a significant milestone that opens up a vast horizon for the company in the global UGV market."
About InRob Tech
InRob Tech is an Israeli-based high-tech company 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 Israel's 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 http://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.