Laguna Hills, Calif., August 24, 2017 — Robotic Assistance Devices (RAD) has entered into an agreement with Romeo Power to outfit the SMP Robotics S5 Security Guard Robot with Romeo’s lithium-ion battery packs. RAD will exclusively use Romeo’s power solution and similarly Romeo will only supply RAD as their exclusive security robot partner.
The addition of Romeo Power battery packs to the RAD robotics solution delivers 12 hours of continuous operation regardless of terrain or climate. Romeo Power’s advanced battery packs also allows four continuous years of use without replacement.
“This advanced battery from Romeo allows our autonomous security robot to patrol for longer periods of time, increasing its efficiency and operational success. As we gear up to deploy more advanced robotic solutions to the market, the battery life and power will be a critical feature we can offer to end users,” said Steve Reinharz, President and Founder, RAD. “Additionally, Romeo Power is an ideal technology partner as it leads the charge in developing power solutions that drives today’s modern technology deployments.”
As part of the company’s alliance, Romeo Power will deploy two S5 autonomous security guard robots at its Vernon, Calif., headquarters, to patrol the company’s 113,000-square-foot manufacturing facility and surrounding property.
“We are excited to have the opportunity to partner with RAD to help increase safety, enhance productivity and control access to our facility,” said Michael Patterson, CEO and Founder, Romeo Power. “Furthermore, our partnership with RAD will allow us to further refine our lithium-ion battery packs for future use and allow us to garner data from the artificial intelligence market, which is expanding at a rapid rate.”
Romeo Power, founded by engineers and designers from SpaceX, Tesla, Samsung, Apple and Amazon, is an energy storage technology company leading the charge in battery pack innovation, safety and reliability for vehicles and stationary storage.
SMP S5 Security Guard robots, which are optimized with RAD’s customized services and solutions, deliver a cost-effective solution to augment traditional manned guard services. The S5 Security Guard serves as a force multiplier and removes security personnel from potentially dangerous situations, reducing liability. The combination of human personnel with robotic technologies creates a strong value proposition that results in new levels of security and streamlined operations.
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. OMVS has successfully completed its due diligence process on RAD as part of the binding LOI that was entered into on May 10, 2017, for the purchase of 100 percent of RAD by OMVS. It is anticipated that the acquisition will close before August 31, 2017.
RAD currently has signed agreements for two POC’s with major companies.
RAD currently has a sales pipeline of more than 50 Fortune 500 companies and more than 25 qualified dealers and distributors that have a combined customer base of more than 35,000 end-user corporations.
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Compass Integrated Communications for Robotic Assistance Devices