Under the terms of the agreements, InRob has the capabilities to
manufacture products with a total value of up to
"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.
SOURCE InRob Tech Ltd.