Innova Holdings Inc. CEO is Keynote Speaker at RoboBusiness 2006
FORT MYERS, FL -- (MARKET WIRE) -- 05/31/06 -- The chairman and CEO of Innova Holdings Inc. (OTCBB: IVHG), a robotics and automation technology company, will be a keynote speaker at RoboBusiness Conference and Exposition 2006 on June 21 at Sheraton Square Station in Pittsburgh, Pa. Additionally, Innova Holdings' companies Innova Robotics Inc. and CoroWare Inc. will participate in exhibits and demonstrations of an unmanned mobile vehicle to showcase the companies' technologies in the emerging service-robot industry.
Innova Holdings is a Premier Sponsor and CoroWare is a Gold Sponsor of the conference and exposition that consists of two days of keynotes and general sessions delivered by the world's leading robotics, business and investment professionals.
Innova Holdings Chairman and CEO Walter K. Weisel will present "The New Robotics Industry: Converging Technologies Drive New Applications" at 9 a.m. on Wednesday, June 21. He will discuss how the robotics industry is poised to achieve significant advances in capability through the convergence of technologies especially critical for the service-robot segment that employs highly interactive mobile units.
"There are important lessons over the past 30 years that new emerging industries can learn from to achieve a new level of functionality," Weisel said, referring to some of the highlights of his keynote session. "There are pitfalls that must be avoided, and we'll also explore how multi-industry collaboration and standards are necessary to support the 'new' robotics industries."
The rapidly growing service robot industry comprises unmanned devices used in the military, space, homeland security, health care, underwater exploration and other markets. According to the United Nations Economic Commission for Europe, in cooperation with the International Federation of Robotics, the value of the stock of service robots for professional use is estimated at $3.6 billion. The professional-use service robots stock is forecast to increase by some 50,000 units through 2008. Application areas with strong growth include underwater systems, defense, rescue and security applications, medical robots and mobile robot platforms for multiple uses.
Weisel has 33 years' experience in control systems, robotics and automation, and introduced the world's first 100 percent voice-activated robotic arm and PC computer workstation for the severely disabled, including quadriplegics. He has been the recipient of numerous prestigious awards including Product of the Year Award for the State of Michigan and National Product of the Year Award. He was also awarded the Joseph F. Engelberger Award, which recognizes the most significant contribution to the advancement of robotics and automation in the service of mankind.
About Innova Holdings Inc.
Innova Holdings Inc. (OTCBB: IVHG), through its subsidiaries, provides hardware and software systems-based solutions to the military, service, personal and industrial robotic markets. The robotics and automation technology company is chartered to continue expanding its growing suite of technologies through acquisitions and organic growth. Please see
www.innovaholdings.com/.About Innova Robotics Inc.
Innova Robotics Inc., Fort Myers, Fla., is a wholly owned subsidiary and the marketing arm of Innova Holdings Inc. Innova Robotics customizes and distributes Innova Holdings' products to enable development of technologies and emerging markets in military, space, undersea and homeland security. Innova Robotics leverages the products and technology of Robotic Workspace Technologies, as well as strategic relationships with system integrators and other third-party developers, to earn a leadership position in this emerging industry.
About CoroWare
CoroWare is a mobile service robotics specialist with expertise in robotics technologies, Web services integration and embedded systems development for applications ranging from logistics and support, reconnaissance and surveillance, disaster recovery and rescue, and security and surveillance.
Investor Relations
Investors can visit Innova Holdings' Investor Relations Hub at
www.agoracom.com/IR/Innova to post questions and receive answers, or simply review questions and answers by other investors. They may also request to be added to the investor e-mail list.
RWT(TM), Universal Robot Controller(TM), URC(TM) RobotScript?? and TeachPoint File Creator(TM) are either registered trademarks or trademarks of Innova Holdings, Inc. in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Forward-looking statements such as "believe," "expect," "may," "plan," "intend," etc., contained herein are within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and are based on the Company's beliefs and assumptions it made using information currently available to it and which reflect current views concerning those future events. Actual results could differ materially. Therefore, undue reliance should not be placed on any forward-looking statements, since they apply only as of today's date, and accordingly, reference should be made to the Company's periodic filings with the SEC.
CONTACT:
Joseph Gonzales
(239) 466-0488, extension 202
Director or Corporate Communications
JGonzales@InnovaHoldings.com
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