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InRob Tech Ltd. to Deliver Initial Shipment of Remotely Controlled Weapon Stations; Contract Exceeds $3 Million
LAS VEGAS, Nov. 3, 2005 (PRIMEZONE) -- InRob Ltd. (OTCBB:IRBL), a world leader in the development and production of advanced wireless control systems and integrated solutions for unmanned ground vehicles (UGV), today announced that it expects to deliver three proprietary Remote Control Weapon Stations (RCWS) in the coming months, with a planned follow up delivery of 300 units.
"Our customer, Israel Military Industries (IMI), is a large defense supplier," explains Mr. Ben Tsur Joseph, CEO of InRob. "IMI contracted with InRob to produce these units for one of their largest foreign clients who is acquiring the RCWS systems."
InRob's delivery of the first three units is considered the initial step in bringing their RCWS technology to the global marketplace.
"We look forward to significant growth in this market over the coming 12-18 months. Our first order will reach close to 300 units at a sales price of $11,000 per unit. This is an excellent starting point for InRob," Joseph added.
The RCWS's are desirable as they have full control of azimuth (firing angles) and elevation, creating a very versatile and flexible system for defense purposes.
About InRob Tech
InRob Tech is a Nevada based high-tech company with a wholly owned subsidiary in Israel, specializing in the planning, manufacturing and service support of advanced wireless and remote control systems, operating all types of robots and other vehicles. The Company is a leader in its field, and supports the IDF (Israeli Defense Forces), Israeli police, and other military and civilian companies dealing with security. Founded in 1988, the Company works closely with other high-tech companies to provide the most advanced and comprehensive UGV solutions to the market.
For more information, please visit our web site at www.inrobtech.com.Posts: 629 | From: new england | Registered: Feb 2005
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InRob Tech Ltd. Completes Moving Target Trials for Turkish Government
$100,000 System Used for Tank Target Practice
LAS VEGAS, Nov. 8, 2005 (PRIMEZONE) -- InRob Ltd. (OTCBB:IRBL), a world leader in the development and production of advanced wireless control systems and integrated solutions for unmanned ground vehicles (UGV), today announced the successful completion of a unique remote controlled moving tank target system contracted by the Turkish Government.
InRob's system, which will carry a real market value of $100,000, allows for full control of the locomotives, thus creating an ideal set up for moving targets.
CEO of InRob TechMr. Ben Tsur Joseph said, "This is a unique accomplishment for any company operating in the UGV market."
"Now that we have successfully completed the trials, we expect to see an outstanding response in the global market, as the Turkish government has established a genuine benchmark for the need of our system."
The tank target system is mounted on two train locomotives and is placed on an 850-yard long dedicated set of rails. The trials extended over the last few months and were conducted with the assistance of the Agriculture Engineering Department of Israel's Technion University.
The company received $200,000 in revenues from this contract
Posts: 629 | From: new england | Registered: Feb 2005
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The successful completion of a moving tank target system contracted by the Turkish Government is tremendous news. We liken this announcement to something of a successful Phase lll trial for a pharmaceutical company. Although the actual testing does not provide significant revenues immediately, a major order hinges on successful results. If the Turkish Government decides to move forward with an order, the size of a full contract could be in the order of $40 to $50 million.
Even more important, a contract from the Turkish Government wll likely set up a domino effect for orders from other governments. IRBL could be looking at hundreds of millions in sales just from this one product use. Members, we are at the tip of the iceberg and we think IRBL is setting the stage for a break out at any time. We continue to suggest accumulation at these prices, and we encourage members to look at this stock once again. We are not sure which press release will convince “The Street” this Company is the real deal, but we do think it is coming soon
Posts: 629 | From: new england | Registered: Feb 2005
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