On The Move Systems Corp. (OTC Pink: OMVS) Rallies 20.18% After Partnering With Dealer Network To Distribute Security Guard Robot Systems
On The Move Systems Corp. (OTC Pink: OMVS), through its Robotic Assistance Devices (RAD) subsidiary, provides a line of automated, high-tech robotic systems that are used primarily for security guard duties. Shares of the automated robotics company are jumped 20.18%, during trading on Thursday, September 21, 2017. Over the past month, On The Move Systems Corp. has seen average daily volume of 5.76 million shares. However, volume of 4.38 million shares or dollar volume of $341,640, exchanged hands during today’s trading.
Shares of On The Move Systems Corp. are climbed today, after RAD announced that it has partnered with a large integrator channel network. The integrator network will allow the company to vastly expand its geographical presence, as more potential clients will have access to the company’s robotics. To date, RAD has commitments for 62 robots with contract values totaling $6 million. Here is the full press release detailing of the partnership:
On The Move Systems Corp. Press Release:
RENO, NV — (Marketwired) — 09/21/17 — On the Move Systems Corp. (OTC PINK: OMVS) is pleased to announce that its wholly-owned subsidiary Robotic Assistance Devices (RAD – www.roboticassistancedevices.com) is pleased to announce its plans to offer its security guard robotics solution through the integrator channel.
By leveraging the power of the integrator network, RAD will expand the geographic reach of the innovative S5 Security Guard Robot while allowing members to gain access to the emerging security guard robot market.
“In working with the integrator channel, RAD is expanding its sales network beyond our guarding company partnerships allowing more customers to gain access to technologies that transform security operations,” said Steve Reinharz, President and CEO, RAD. “We look forward to enabling integrators to help their customers enhance safety while also delivering the services and support integration firms require to ensure long-term success with emerging technologies.”
RAD has commenced to deploy robots to end users. To date, RAD has commitments for 62 robots for total contract values of approximately $6 million.
RAD currently has signed agreements for 2 POC’s with major companies.
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.
The company may post important information about its subsidiary RAD on its website at www.RoboticAssistanceDevices.com and through tweets from RAD President and CEO Steve Reinharz (https://twitter.com/SteveReinharz)
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.
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