RENO, NV--(NewMediaWire - Jul 26, 2017) - On the Move Systems (OTC PINK: OMVS) is pleased to announce that Robotic Assistance Devices (RAD - www.roboticassistancedevices.com) has received an additional 10 robot reservations for a total of 40 robot reservations with total contract values of approximately $4 million. "We are seeing very strong demand for robots from prospective clients," said Steve Reinharz, President and CEO of RAD, "and we expect to comfortably meet our target of 60 robot reservations by the end of the summer."
RAD expects to deploy robots to end users in July. To date RAD has commitments for 40 robots for total contract values of approximately $4 million. OMVS has successfully completed its due diligence process on RAD as part of the binding LOI that was entered into on May 10th, 2017 for the purchase of 100% of RAD by OMVS. It is anticipated that the acquisition will close before August 10, 2017.
RAD currently has signed agreements for 2 POCs 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.
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