RENO, NV--(Marketwired - Nov 29, 2017) - On the Move Systems (
"Our goal is to leverage technology to augment the power human guarding personnel and our robotic guards working are successfully being used in this manner at the Romeo facility," said Steve Reinharz, President, RAD. "RAD's robotic solutions deliver a strong value proposition for our customers that result in new levels of security, and streamlined, cost-effective operations."
RAD has commenced to deploy robots to end users. To date RAD has commitments for 62 robots for total contract values of approximately $6 million.
RAD currently has signed agreements for 2 POC's with major companies.
RAD currently has a sales pipeline of over 50 Fortune 500 companies and over 25 qualified dealers and distributors that have a combined customer base of more than 35,000 end user corporations.
The company may post important information about its subsidiary RAD on its website at www.Robotic AssistanceDevices.com and through tweets from RAD President and CEO Steve Reinharz (https://twitter.com/SteveReinharz)
About Romeo Power Romeo Power makes the most powerful and energy-dense battery packs in the world. Top engineers and designers from SpaceX, Tesla, Samsung, Apple, and Amazon, started Romeo Power in 2015 with the belief that safe and reliable energy is crucial to the advancement of human health and economic development. Today, the energy storage technology company leads the charge in battery pack innovation, safety and reliability for vehicles and stationary storage. For more information go to https://romeopower.com.
Robotic Assistance Devices (RAD) is an innovator in the delivery of artificial intelligence and robotic solutions for operational, security and monitoring needs. RAD is founded on the belief that next-generation robots can help organizations streamline operations, increase ROI and strengthen business. RAD robotics technology improves the simplicity and economics of patrolling and guard services, and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. RAD robotic solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education and healthcare. To learn more, visit www.roboticassistancedevices.com or follow us on Twitter @RADbotsecurity.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of On the Move Systems to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. On the Move Systems undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in On the Move Systems expectations.
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