RENO, NV, July 02, 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 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: https://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).
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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.radsecurity.com or follow us on Twitter @RADbotsecurity.