FORT MYERS, FL – September 2005 – Innova Holdings, Inc. (OTCBB:IVHG), an automation technology company providing hardware and software systems-based solutions to the service, personal, and industrial robotic markets, announces that its wholly owned subsidiary, Service Robots, Inc. will do business under the name of Innova Robotics, Inc.
“Since the introduction of our Service Robots, Inc. subsidiary at the RoboBusiness conference and Exposition, May 10, 11, 2005 in Cambridge, MA,” said Walter Weisel, Chairman and Chief Executive Officer of Innova Holdings, Inc., “we received an order for a service robot application from the NASA Goddard Space Center. In addition to applications in space, we are seeing exciting opportunities in homeland security, military, undersea and eldercare applications that require us to broaden our scope of activities from consumer-oriented ‘service robot’ applications to more sophisticated robot applications in emerging market sectors.
As a leader in applying robotic arms and possessing proven high-performance motion control technology for multiple axes of motion and integrated sensing, we believe we are well positioned to drive innovation in leading-edge applications for homeland security, military, and other emerging markets. The name change better suits our enabling business plan.” Innova Robotics, Inc. will leverage the patented products, technology, and robotics expertise of RWT, as well as strategic relationships with system integrators and third-party developers to earn its leadership position in the emerging service robot sector. Its focus is on the development of technologies and applications for service robots with major emphasis on military, homeland security, eldercare, and undersea exploration.
“Our intent is to fill the gap in the service robot sector for serious solutions to serious requirements for agile, dexterous, intelligent robotic devices that can save and protect lives as well as improve the quality of life,” says Walter Weisel, Chairman and CEO of Innova Holdings, Inc. and President of Innova Robotics, Inc.The company will demonstrate several applications for each of these areas in booth 401 at the RoboNexus Conference and Exposition, October 6-9,2005, San Jose Convention Center, San Jose, Ca. where Mr. Weisel is also a keynote speaker.
About Innova Holdings, Inc. Innova Holdings, Inc. (OTCBB:IVHG), Fort Myers Beach, Florida, builds shareholder value by developing and acquiring technology-differentiated solutions with extraordinary potential for profitable and sustainable growth. Innova is chartered to continue expanding its growing suite of technologies.
About Robotics Workspace Technologies, Inc. Robotic Workspace Technologies (RWT), Fort Myers Beach, Florida, is a leading provider of open architecture, patent-protected, PC controls, software, and related products that improve the performance, applicability, and productivity of robots and other automated equipment. Its technology has been applied in industries ranging from agriculture to automotive, to medical and R&D. RWT is recognized internationally for its pioneering contributions to the robotics industry. Its founder, Mr.
Walter Weisel, has been a driving force in the robot industry for the past 32 years, and is a recipient of the prestigious Joseph F. Engelberger Award, recognizing his contributions to the advancement of robotics and automation.
Visit their website at www.rwt.com About Service Robots, Inc. dba Innova Robotics, Inc. Service Robots, Inc., dba Innova Robotics, Inc., Fort Myers, Florida, is a subsidiary of Innova Holdings, Inc. founded specifically to enable development of technologies, applications, and markets in the service robot international markets that include service robots for the military, space and undersea exploration, and homeland security.
As a wholly owned subsidiary of Innova Holdings, Inc., Service Robots will leverage the patented products, technology, and robotics expertise of RWT, as well as strategic relationships with system integrators and third-party developers to earn a leadership position in this emerging industry.