SOURCE: On the Move Systems

June 08, 2017 09:30 ET

OMVS: Robotic Assistance Devices Demonstrates At Verizon's Operation Convergent Response Conference

HENDERSON, NV--(Marketwired - Jun 8, 2017) - On the Move Systems (OTC PINK: OMVS) is pleased to announce that Robotic Assistance Devices (RAD - www.roboticassistancedevices.com) presented at the Verizon Operation Convergent Response Conference to over 100 Verizon clients. RAD joined first responders, law enforcement, military, private sector experts and leading tech companies to demonstrate that its SMP S5 Security Guard Robot can play an integral role in disaster and security response scenarios.

The two-day event showcased the ability of RAD's technology to:

  • Provide high-level security to affected areas, relieving manpower for other purposes.
  • Add medical triage support through autonomous or remote control delivery and pickup of medical supplies
  • Provide force multiplication for authorities to issue commands using long-range paging and two-way voice
  • Provide safe "eyes and ears" in hostage or active-shooter situations.

"This event was an opportunity for RAD to showcase how integral a security guard robot can be to disaster-response teams in a variety of situations from natural disaster, to active shooter and beyond," said Steve Reinharz, Founder and President of RAD. "As emergency agencies continue to refine their response procedures, RAD looks forward to being a part of the collaboration to ensure the safety of our communities."

RAD expects to deploy robots to end users in July. To date RAD has commitments for 15 robots for total contract values of approximately $1.5 million. OMVS is continuing its due diligence process on RAD as part of the binding LOI that was entered into last week for the purchase of 100% of RAD by OMVS. It is anticipated that the acquisition will close before August 10, 2017.

RAD currently has a sales pipeline of over 50 Fortune 500 companies and over 25 qualified dealers and distributors that have a combined customer base of more than 35,000 end user corporations.
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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.

Contact Information

  • Investor Relations:
    Everest Corporate Advisors Inc.
    Jack Thompson
    www.everestcorp.net
    702-902-2361