LAS VEGAS, May 4, 2006 (PRIMEZONE) -- InRob Tech Ltd. ("InRob") (OTCBB:IRBL), a leader in the development and production of advanced wireless control systems and integrated solutions for unmanned ground vehicles (UGV), today announced that it expects a joint venture to be signed in the near future with a division of Israel Aviation Industries (IAI) and Caterpillar (Israel), a world leader in high-performance equipment machines.
InRob will use its expertise and experience to develop a dedicated remote control system to adapt Caterpillar's multi-terrain loader to military uses. InRob will be responsible for development, integration, installation and final testing of the new machines, based on a leading industry platform. Ramta, the venture's third party, is a division of world renown defense manufacturer IAI, and will contribute its outstanding experience in production engineering, to carry forward development from proto-type to serial production. All terms between the parties have been agreed upon and await a final round of signatures.
Caterpillar is a technology leader and the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines, with a strong worldwide dealer network. Ramta, a division of IAI, brings worldclass know-how in systems engineering and large-scale manufacturing operations. This will be critical in supplying substantial quantities of the readily available remote controlled MTL to the market.
Mr. Ben Tsur Joseph, CEO of InRob Tech. stated "Our partners in this new joint venture both have an outstanding reputation in their respective fields. InRob's expertise and experience contribute an important layer of controllability to these multi-terrain machines. The integration of InRob's military-qualified remote control systems paves the way for a range of military uses for this platform worldwide. Our joint venture is uniquely positioned to make the most of the significant global potential of a reliable, rugged remote-controlled multi-terrain loader."
About InRob Tech
InRob Tech 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 Defense 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 to the market.
For more information, please visit our web site at http://www.inrobtech.com.
Forward-Looking Statements
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