LAS VEGAS, March 27, 2007 (PRIME NEWSWIRE) -- InRob Ltd. ("InRob") (OTCBB:IRBL) today announced that its acquisition of a production facility in the Philippines will be completed on schedule, in the near future.
InRob announced that it has made excellent progress in its plans to acquire a modern production facility in the Philippines to expand its manufacturing infrastructure in support of its global penetration strategy. The new plant will enable InRob to mass-produce its products for the global market and exploit significant economies of scale to establish a significant competitive advantage over its competitors.
The new plant will also allow InRob to expand the production of its proven products for its primary market -- military and defense related uses, and mass produce new consumer products for the global market at competitive prices. "As we reported to our investors, final agreements are expected to be signed in the very near future," reported Nissim Halabi, General Manager of InRob.
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
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.