The Green Baron: November Focus Stock Pick Update
InRob Tech (BB: IRBL) - “Don’t Quit Your Day Job Just Yet!”
Press Releases Announced Yesterday and Monday Rally Stock to New Closing High Since our Pick Date
Thursday, January 12: IRBL Records First Sale of Its Remote Control System for Military Hummer to Israeli Defense Forces
Monday, January 9: InRob Tech Ltd. Completes Military Trials of Remotely Controlled Hummer
Many of you might recall when The Green Baron Report initiated coverage of InRob Tech (BB: IRBL) we mentioned that our primary contact would quit his job if IRBL did not go to at least $1.00 per share near term. Although the stock looked shaky in December, IRBL has rallied off a low of .15 per share and in less than a month to close yesterday at .49 per share. IRBL is up over 58% from our profile price of .31 per share, and is up over 226% from the low in December.
Our source is still confident the stock is headed over $1.00 per share in the short-term, and he maintains that revenues and earnings could be explosive with just one major contract. Some of the world’s largest companies and governments are currently evaluating technology and products developed by IRBL. One major contract could send this stock to the moon, and make $1.00 per share a distant memory.
LAS VEGAS, Jan 12, 2006 (PRIMEZONE via COMTEX) -- InRob Ltd. ("InRob") (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 has delivered an initial remote control system for operating a Hummer(R) HMMWV (High-Mobility Multipurpose Wheeled Vehicle) jeep to the Israeli Defense Forces (IDF) at a price of close to $70,000 per unit. The Company anticipates delivery of additional units over the course of this year.
"This sale represents what we hope is the beginning of a new and large market for InRob Tech," comments Ben Tsur Joseph. "We continue to feed the military and civilian markets with high tech solutions for the most dangerous of field operations tasks. The HMMWV, also known as Humvee(R), is a standard high performance operations vehicle in almost any army, and with the remote control capabilities offered by our system, we increase its functionality and performance by several levels."
The Humvee(R) is used by the IDF and armies around the world for a wide range of field operations as it is designed for use over all types of roads, in all weather conditions and is extremely effective in the most difficult terrain. InRob Tech's remote control system enables fully remote operation of the jeep. In addition, the system is capable of including high level controls, such as the operation of cameras and weapons. This further increases the base price of the Company's system and makes its use highly attractive in the most dangerous of activities.
"Army operations continue to expand globally," continues Joseph. "The trend to find high tech solutions to prevent casualties is growing in our favor and we expect that remotely controlled operations vehicles will become commonplace in the next few years. InRob Tech is well positioned to capitalize on this market, as our technologies have successfully gone through the toughest of testing by the most demanding of armies. I am optimistic of the direction of this market and our participation in it."
Humvee is a registered trademark of AM General LLC. Hummer is a registered trademark of General Motors Corporation.
LAS VEGAS, Jan 9, 2006 (PRIMEZONE via COMTEX) -- InRob Tech Ltd. announced that it has successfully completed the development and field trials of a remote control system installed on a Hummer jeep. Any function that a driver can perform in the vehicle can now be remotely managed by an operator at distances of up to 1.8 miles. Moreover, in the same way that a driver can see the dashboard and in-vehicle dials and meters, the operator can see all these parameters on his control unit. This enables operators to manage the vehicle with or without eye contact, depending on field conditions.
In addition, other add-on systems such as observation, transmission or video can be installed on the vehicle and operated by InRob Tech's same remote control system.
Hummers are highly common vehicles for several different field operations used by military forces around the world. Now, this robust military vehicle can be driven and operated using InRob Tech's highly sophisticated remote control system. InRob Tech's remote control system for the Hummer sells for approximately $70,000 per unit.
"The Hummer is so versatile that it is used by armies for many different operations," says Ben Tsur Joseph, CEO of InRob Tech. "The Israel Defense Forces (IDF) put our system through the most rigorous of testing and we are very pleased with the results and positive feedback. InRob continues to work closely with the IDF and hopes to use this exemplary relationship to leverage our business development for this system around the world."
The military Hummer is a multi-purpose jeep used by armies as a cargo-troop carrier, armament carrier, missile carrier, ambulance carrier, and a prime mover. There are tens of subtypes to fit the specific needs of military operations.
About InRob Tech
InRob Tech is a Nevada based high-tech company with a wholly owned subsidiary in Israel, 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 a 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 www.inrobtech.com.
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