LAS VEGAS , Sept. 19 /PRNewswire-FirstCall/ -- InRob Ltd. ("InRob") (OTC Bulletin Board: IRBL)today announced that it is pursuing a strategy to leverage its advanced technology for military wireless and remote control systems to civilian applications. This new strategy, together with the Company's existing strong presence in the military and Homeland security markets, will enable InRob to significantly grow revenues and profitability in the coming years.
The first example of this strategy was the development of a new hot water heating control unit. This product was developed for Chromagen Ltd, a major international player in the field of alternative energy, with sales in more than 35 countries around the world. The new heating control unit uses an advanced remote control system developed by InRob that can be programmed to provide specific quantities of hot water at specified times of the day. In addition to this product, the Company is investigating a number of new civilian applications with strong market potential.
"We have accumulated a wealth of experience and expertise in advanced remote-control technology for military applications", says Ben Tsur Joseph, CEO of InRob Tech. "While the military and Homeland security remain our key markets, we have set a strategic goal for the company to leverage these technologies to high-growth civilian markets. We are pleased with the results of our new project in the civilian market. This has encouraged us to pursue further opportunities to apply our advanced wireless and remote control systems to other civilian applications. We look forward to updating our shareholders on future successes with this strategy."
About InRob Tech
InRob Tech is an Israeli-based high-tech company 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 Israel's 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 and remote control solutions to the market.
For more information, please visit our web site at http://www.inrobtech.com.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward- looking statements that may involve risks and uncertainties.
There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward- looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
SOURCE InRob Ltd.
