OMVS: Robotic Assistance Devices signs on Two New Distributors And Deploys Two SCOT Units
July 02 2018 - 9:18AM
InvestorsHub NewsWire
Reno, NV -- July 02, 2018 -- InvestorsHub NewsWire -- On the Move
Systems (OMVS: OTCPK) is pleased to announce that Robotic
Assistance Devices (RAD), its wholly owned subsidiary, has entered
into a distribution agreement with two new distributors in
California and Arizona for the distribution of Security Control and
Observation Tower (SCOT™) units. As part of the distribution
agreements, the distributors each entered into rental agreements
with RAD to receive one SCOT™ unit each. The distributors are
paying for SCOT™ units on a monthly basis. As well one of RAD’s
national distributors issued the following press release on its
website last
week: http://www.aus.com/media-center/press-releases/view-press-release/articleid/1764/allied-universal-teams-with-partner-rad-to-offer-concierge-like-robots
“We are very pleased to be adding to our distribution network,”
said Steve Reinharz, President and CEO of RAD. “As we add new
distributors, our customer reach is increased and we are able to
leverage this reach to expand our footprint of products in the
field and increase our recurring revenue.”
RAD is working very closely with its distributors to bring
existing and new RAD products to the marketplace and RAD is in
discussions with other interested parties to join RAD’s growing
distribution network.
SCOT™ units are deployed at client locations based on a rental
program paid monthly and remain the property of the Company. Each
SCOT™ can generate approximately $60,000 of total revenue for the
Company over a 4 year period.
SCOT™ is a standalone, remote, portable, self-sufficient
intelligence observation tower designed to expand an organization's
security reach instantly. SCOT™ delivers guarding services at a
fraction of the cost and is considerably more affordable than any
human or automated solution on the market.
SCOT™ is equipped with artificial intelligence that powers human
detection analytics, featuring the longest range detection at low
false alarm rates. In addition, SCOT™ debuts the RAD Software
Suite, which is a collection of integrated software applications
hosted in Microsoft’s Azure Cloud services and allows immediate and
mobile access to alerts and controls generated by SCOT™.
The company may post important information about its subsidiary
RAD on its website
at www.RoboticAssistanceDevices.com and through tweets
from RAD President and CEO, Steve Reinharz
(https://twitter.com/SteveReinharz).
.
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.
About RAD
Robotic Assistance Devices (RAD) is an innovator in the
delivery of artificial intelligence-based solutions that empower
organizations to gain new insight, solve complex challenges and
fuel new business ideas. Through its next-generation robotic
product offerings, RAD 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.
Everest Corporate Advisors Inc. 702-902-2361 www.everestcorp.net
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