RENO, NV--(NewMediaWire - Aug 25, 2017) - On the Move Systems
(OTC PINK: OMVS) is pleased to announce that Robotic
Assistance Devices (RAD - www.roboticassistancedevices.com)
has entered into an agreement with Romeo Power to outfit the SMP
Robotics S5 Security Guard Robot with Romeo's lithium-ion energy
solution. RAD will exclusively use Romeo's power solution and
similarly Romeo will only supply RAD as their exclusive security
robot partner. The addition of Romeo's battery packs to the RAD
robotics solution delivers 12 hours of continuous operation
regardless of terrain or climate. Romeo Power's advanced battery
packs also allows four continuous years of use without
replacement.
"This advanced battery from Romeo allows our autonomous security
robot to patrol for longer periods of time, increasing its
efficiency and operational success. As we gear up to deploy more
advanced robotic solutions to the market, the battery life and
power will be a critical feature we can offer to end users," said
Steve Reinharz, President and Founder, RAD. "Additionally, Romeo
Power is an ideal technology partner as it leads the charge in
developing power solutions that drives today's modern technology
deployments."
As part of the company's alliance, Romeo Power will deploy two
S5 autonomous security guard robots at its Vernon, Calif.,
headquarters, to patrol its 113,000-square-foot manufacturing
facility and the surrounding property.
"We are excited to have the opportunity to leverage RAD robotics
to help increase safety, enhance productivity and control access to
our facility," said Michael Patterson, CEO and Founder, Romeo
Power. "Furthermore, our partnership with RAD will allow us to
further refine the lithium-ion battery for use within the
artificial intelligence market, which is expanding at a rapid
rate."
Romeo Power, founded by engineers and designers from SpaceX,
Tesla, Samsung, and Amazon, focuses on battery pack innovation,
safety and reliability for manned and unmanned vehicles, and
personal power products.
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. 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 31, 2017.
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.
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STATEMENTS
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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
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historical fact are "forward-looking statements" that are based on
current expectations and assumptions. Forward-looking statements
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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.
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forward-looking statement(s) and/or to confirm the statement(s) to
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