Lloyd Moore @Maddog2020grape · Sep 25 How is the swag progressing.
Steve Reinharz Steve Reinharz @SteveReinharz · Sep 25 Good! Store is actually up and ready to go live with a handful of items I just haven't pulled the trigger. Waiting for the right timing.
Brian Kaplan Brian Kaplan @BKap702 · Sep 25 Skip, would it be easier to sell swag via our Facebook page? Donate proceeds to charity? Have a great week!
Steve Reinharz Steve Reinharz @SteveReinharz · Sep 25 BK good question! I don't know but feel free to patch the link to the fb page. Can't spend too much time on the swag, do as you will :)
Brian Kaplan Brian Kaplan @BKap702 · Sep 25 Sounds great! Steve Parrill visiting me in Vegas. We are going to meet with Steffan at IR later today. We will post a picture on FB page.
Steve Reinharz Steve Reinharz @SteveReinharz Replying to @BKap702 and 5 others Yes that'd be cool!
RENO, NV--(Marketwired - Sep 14, 2017) - On the Move Systems ( OTC PINK : OMVS ) provides guidance for its wholly owned subsidiary (RAD - www.roboticassistancedevices.com).
RAD is preparing to ramp up production as its prospective clients are preparing their next year budgets to include RAD's autonomous security robots and as robot reservations are converted into robot deployments.
RAD is preparing for the following expected deployment of robots:
20 robots by the end of calendar 2017 50 robots by the end of the first quarter of 2018 90 robots by the end of the second quarter of 2018 160 robots by the end of the third quarter of 2018 240 robots by the end of the fourth quarter of 2018
RAD'S business model is to rent out robots to its clients over a three-year period thereby always retaining ownership of its robots, securing its intellectual property and providing a model for regular service, software and hardware updates.
Each robot brings in approximately $110,000 of revenue over the life of the contract which translates to approximately $36,000 per annum.
RAD expects to have 20 robots deployed by the end of 2017 and a total of 560 robots deployed by the end of 2018 for an expected monthly revenue run rate at the end of 2018 of over $1,600,000 or over $20,000,000 of recurring revenue per year.
"Demand for our robots has been very encouraging," said Steve Reinharz, President and CEO of RAD. "And we are preparing for the swift ramp up of deployments over the next 15 months."
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.
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