InRob Tech Ltd. to Enter Joint Venture With Israel Aviation Industries -- IAI -- and Caterpillar Israel
Update: 10:00 AM ET May 4, 2006
LAS VEGAS, May 4, 2006 (PRIMEZONE via COMTEX) -- InRob Tech Ltd. ("InRob") (IRBL : inrob tech ltd com IRBL0.64, -0.01, -1.5%) , 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." |
