SOURCE: Innova Holdings, Inc.

October 03, 2005 08:29 ET

Service Robots, Inc., Subsidiary of Innova Holdings, Inc. (IVHG), dba Innova Robotics, Inc.

FORT MYERS, FL -- (MARKET WIRE) -- October 3, 2005 -- Innova Holdings, Inc. (OTC BB: IVHG), an automation technology company providing hardware and software systems-based solutions to the service, personal, and industrial robotic markets, announces that its wholly owned subsidiary, Service Robots, Inc. will do business under the name of Innova Robotics, Inc.

"Since the introduction of our Service Robots, Inc. subsidiary at the RoboBusiness conference and Exposition, May 10, 11, 2005 in Cambridge, MA," said Walter Weisel, Chairman and Chief Executive Officer of Innova Holdings, Inc., "we received an order for a service robot application from the NASA Goddard Space Center. In addition to applications in space, we are seeing exciting opportunities in homeland security, military, undersea and eldercare applications that require us to broaden our scope of activities from consumer-oriented 'service robot' applications to more sophisticated robot applications in emerging market sectors. As a leader in applying robotic arms and possessing proven high-performance motion control technology for multiple axes of motion and integrated sensing, we believe we are well positioned to drive innovation in leading-edge applications for homeland security, military, and other emerging markets. The name change better suits our enabling business plan."

Innova Robotics, Inc. will leverage the patented products, technology, and robotics expertise of RWT, as well as strategic relationships with system integrators and third-party developers to earn its leadership position in the emerging service robot sector. Its focus is on the development of technologies and applications for service robots with major emphasis on military, homeland security, eldercare, and undersea exploration.

"Our intent is to fill the gap in the service robot sector for serious solutions to serious requirements for agile, dexterous, intelligent robotic devices that can save and protect lives as well as improve the quality of life," says Walter Weisel, Chairman and CEO of Innova Holdings, Inc. and President of Innova Robotics, Inc.

The company will demonstrate several applications for each of these areas in booth 401 at the RoboNexus Conference and Exposition, October 6-9,2005, San Jose Convention Center, San Jose, Ca., where Mr. Weisel is also a keynote speaker.

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