OMVS: Robotic Assistance Devices Prepares Two Robots For Deployment
October 04 2017 - 9:17AM
InvestorsHub NewsWire
SOURCE: On the Move Systems
|
RENO, NV--(NewMediaWire - Oct 4, 2017) - On the Move
Systems (OTC PINK: OMVS) is pleased to announce that its
wholly owned subsidiary Robotic Assistance Devices
(RAD www.roboticassistancedevices.com) has its first two
autonomous security robots being prepared for deployment this month
to its first client under RAD's long term robot-as-a-service model
as per the guidance press release issued on September 14th. "We are
very happy to be preparing our robots for deployment to our first
client as we move towards reaching our deployment targets," said
Steve Reinharz, president and CEO of RAD. "And we are seeing strong
demand for our automation security solutions from the marketplace
both at the end user and the distributor level."
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.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.
CONTACT INFORMATION
Investor Relations:
Everest Corporate Advisors Inc.
Jack Thompson
www.everestcorp.net
702-902-2361
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