InRob Continues International Expansion: Secures Manufacturing Facilities in the Philippines
March 05 2008 - 3:36PM
PR Newswire (US)
LAS VEGAS, March 5 /PRNewswire-FirstCall/ -- InRob Tech Ltd.
("InRob") (OTC:IRBL) (BULLETIN BOARD: IRBL) a leader in advanced
wireless control systems for unmanned ground vehicles (UGV), today
announced it has secured use of premises in the Philippines on a
full turnkey basis. The premises include floor space, utilities,
equipment and machinery that can be used to manufacture various
components of mobile robots and other products for both civilian
and military applications. These products will be marketed and sold
by InRob and its strategic partners. Under the terms of the
agreements, InRob has the capabilities to manufacture products with
a total value of up to $28,500,000. Full details of this agreement
are included in the Form 8-K recently filed with the SEC.
"International expansion is an integral part of our corporate
strategy," says Ben Tsur Joseph, InRob's President. "This agreement
secures important and advanced manufacturing facilities for our
world-wide operations. We are seeing very strong market interest in
our wireless remote control systems and robot solutions, and these
facilities will enable us to meet the demand for our products in
2008 and beyond. This agreement also gives us a strong base in the
important Asia Pacific region and the ability to react quickly to
our customers' needs. This is particularly critical for our
military customers who face constantly changing tactical
environments and require solutions as quickly as possible." About
InRob InRob 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 Defence 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 on 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.
DATASOURCE: InRob Tech Ltd. CONTACT: Mr. Nissim Lavi of InRob Tech
Ltd., +1-866-668-2929 Web site: http://www.inrobtech.com/
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