RENO, NV, May 30, 2018 (GLOBE NEWSWIRE) — On the Move Systems (OMVS: OTCPK) is pleased to announce that Robotic Assistance Devices (RAD), its wholly owned subsidiary, has entered into discussions with a school district for a potential agreement to deploy approximately 15 Security Control and Observation Tower (SCOT™) units over the summer. Recently the company deployed a SCOT™ at one of the schools in the district as per the press release of April 26, 2018.
“We are very pleased to see existing clients looking into expanding their SCOT™ deployments,” said Steve Reinharz, President and CEO of RAD. “SCOT™ appears to be well received by the market and clients seem to understand the value proposition that SCOT™ can bring them.”
RAD is working to expand into the school and academic institutions vertical as part of RAD’s overall market penetration strategy. There are almost 100,000 schools in the U.S. which represents a significant opportunity for RAD. RAD was recently awarded the Secure Campus Award from Campus Security and Life Safety for its SCOT™ solution.
SCOT™ units are deployed at client locations based on a rental program paid monthly and remain the property of the company. Each SCOT™ unit can generate approximately $60,000 of total revenue for the RAD over a four-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.