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Alias Born | 10/10/2016 |
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Monday, March 12, 2018 7:23:07 PM
Growth Strategy
Dealerships - The Company plans to primarily look to rent its robots through dealerships with guarding companies. Guarding companies are cognizant of the fact that failure to adopt new technology will severely impact their business in the future. The guarding partnership model is valuable as it provides RAD with instant access to the largest consumers of guarding services, the Company’s primary target market. After the International Security Conference (“ISC”) show in Las Vegas in April 2017, the Company signed up 5 dealers: WeSecure, Champion Security, Watchman, Reece Security and Clear Cloud Solutions, with plans to sign on additional dealers. Each of the 5 dealers agreed to various training commitments, promotion and seeking to book a minimum reservation of 10 robots each.
Development Partnerships - The Company has been working towards a co-development partnership to provide real-time, real-world feedback of its robots and intends to explore other co-development agreements with strategic partners. Currently, the Company is in discussions with at least one such strategic partner and plans to engage in similar discussions with additional potential partners.
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