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InRob Tech Ltd. Records First Sale of Its Remote Control System for Military Hummer to Israeli Defense Forces
January 12, 2006 09:17:15 (ET)
LAS VEGAS, Jan 12, 2006 (PRIMEZONE via COMTEX) -- InRob Ltd. ("InRob") (IRBL, Trade), a leader in the development and production of advanced wireless control systems and integrated solutions for unmanned ground vehicles (UGV), today announced that it has delivered an initial remote control system for operating a Hummer(R) HMMWV (High-Mobility Multipurpose Wheeled Vehicle) jeep to the Israeli Defense Forces (IDF) at a price of close to $70,000 per unit. The Company anticipates delivery of additional units over the course of this year.
"This sale represents what we hope is the beginning of a new and large market for InRob Tech," comments Ben Tsur Joseph. "We continue to feed the military and civilian markets with high tech solutions for the most dangerous of field operations tasks. The HMMWV, also known as Humvee(R), is a standard high performance operations vehicle in almost any army, and with the remote control capabilities offered by our system, we increase its functionality and performance by several levels."
The Humvee(R) is used by the IDF and armies around the world for a wide range of field operations as it is designed for use over all types of roads, in all weather conditions and is extremely effective in the most difficult terrain. InRob Tech's remote control system enables fully remote operation of the jeep. In addition, the system is capable of including high level controls, such as the operation of cameras and weapons. This further increases the base price of the Company's system and makes its use highly attractive in the most dangerous of activities.
"Army operations continue to expand globally," continues Joseph. "The trend to find high tech solutions to prevent casualties is growing in our favor and we expect that remotely controlled operations vehicles will become commonplace in the next few years. InRob Tech is well positioned to capitalize on this market, as our technologies have successfully gone through the toughest of testing by the most demanding of armies. I am optimistic of the direction of this market and our participation in it."
Humvee is a registered trademark of AM General LLC. Hummer is a registered trademark of General Motors Corporation.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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posted
Ihub mssgs reported that huge restricted shares from note holders are coming to the float. Wait a few more days to find the bottom. It's a falling knife now. I am looing for stocks under 0.002. This one is interesting but dilutive. Ihub is good place to do your DDs. Good luck.
Under the following criteria, this one will be a big winner:
* OS: under 100 M shares;
* PR campaign has started;
* ceo has special offer to promote pps;
* No dilution in the past few weeks.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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Thanks Jim. I spend most of my time on IHUB but look here too for opinions. There are fewer posters, but a few really good ones hangout here. Like you. And so far as I know, there are no promoters here to watch out for.
-------------------- Me Trade Pretty One Day. Posts: 815 | From: NYC | Registered: May 2006
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No problem, Kermit. I think most people are tired of dealing with pinks. Because of the dilution problem, I will start to work on non-otc stocks, with target of 8-12% gain in 2 weeks. It will be posted in Hot Stocks for All, entitled Great bottom-bounce plays (Non-OTC). Please check it there. Good luck, Jim.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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Thanks Jim, will do. I'm in that boat--trying to wean myself off the pinks b/c I'm tired of the BS. Maybe if I get good at not trading pinks, like a vegetarian who goes vegan, I'll start not trading OTCBB too.
-------------------- Me Trade Pretty One Day. Posts: 815 | From: NYC | Registered: May 2006
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