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Robotic Assistance Devices Mobile, Inc.

Autonomous Mobile Robots

Minimum target reached
Closed on 11/03/20

$73,900

amount committed 

$10k - $1070k

funding goal 

Regulation CF

exemption used 

$25,000,000

pre money valuation 

$250.00

min investment 

34

investors 


Security Type
Common Stock
$10 per share
Bonus

A Crowdfunding Reward for You

As our show of appreciation for your support and interest, we are giving away a ROAMEO USB Power Bank for the following investment levels:

  • The First 100 Investors at $250.00 (minimum)
  • The Second 100 Investors at $500.00 (minimum)

We hope you enjoy these powerful portable chargers.

Pitch

Who are we

Company Highlights

  • Over 75 ROAMEO Letters of Intent, valued at over $15 million dollars in expected revenue, have been received from several of the most progressive companies in the security field. 
  • RAD-M customers and end-users may realize up to 80% savings in labor costs by reducing manned guarding staff when deploying the company’s mobile solutions.
  • Founder & CEO Steve Reinharz is a security industry leader with 20+ years of experience and one successful exit already under his belt.
  • Mr. Reinharz has assembled an impressive team with stellar security industry & development credentials as well as an extraordinary Board of Advisors.
  • The company has distribution and sales channels in place having served this industry with stationary autonomous security service devices and applications since 2018.

 

 

Robotic Assistance Devices Mobile, Inc. (RAD-M) is building the future of fully autonomous security and concierge robots for the global security services industry. With RAD-M mobile robots, security service providers, contractors, and property managers can greatly reduce manned security costs, security guard injuries, conflict liability incidents while improving performance and end-user satisfaction. RAD-M solutions allow guarding companies a competitive edge and increased margins while end-users save money and receive reliable and superior services. 

RAD-M, formally announced on September 18, 2020, is the sister company of Robotic Assistance Devices (RAD). RAD-M’s mission is to develop, invest in, and build mobile solutions for the autonomous remote services industry. RAD is a proven security services industry supplier with over 500,000 paid operating hours of field operations via the company’s set of stationary solutions. RAD will serve as the exclusive master distributor of products developed by RAD-M. RAD will also continue to develop, build, and deploy stationary artificial intelligence-based solutions for the North American security services industry through its existing and strong network of authorized dealers.

 

Problem

The US security services sector is a $25 billion industry burdened by high employee turnover, training costs, high labor rates, and low customer satisfaction. Presently, over 1.1 million security guards are employed in the US alone. Current estimates indicate a turnover rate of up to 400%. The costs and turnover in staffing these positions in the security industry are constantly on the rise, greatly impacting these guarding and security company’s profitability and ability to compete in an increasingly competitive market.

 

Furthermore, the deployment of humans creates liability problems due to occasional guard behaviors. Have a chat with long-time guard managers and we’re certain you’ll hear some disturbing and cringe-worthy stories. A fundamental reason for this is the low wage rates guards typically earn. This creates customer dissatisfaction as they expect Seal Team 6 whereas they are paying for a basic body. Part of RAD-M's mission is to create better and higher-paying jobs in the security industry. By saving customers money, they can then spend some of their savings to create a better human guarding experience through higher wages. RAD is already seeing customers do this. Our goal is to continue to improve the career quality for guards and elevate the entire industry through the use of technology.

 

Solution

RAD-M has released the ROAMEO (Rugged Observation Assistance Mobile Electronic Officer) mobile security and concierge robotic vehicle. This multi-function security and facilities robot is the first of its kind in an industry that is often referred to as the ‘autonomous remote services’ industry.

 

RAD-M is more than a designer and manufacturer of robots, RAD-M along with master distributor RAD, will deliver an entire suite of fully autonomous, mobile security devices that will disrupt the security service industries with positive results. The company’s products will automate the majority of security and video surveillance services, allowing clients and end-users to hire and retain their most highly skilled workers, to boost profit margins and to grow their businesses.

 

RAD-M, through RAD, plans to solidify valuable customer relationships with large industry incumbents. With labor costs reduced from security and property patrol services via the introduction of ROAMEO, RAD-M offers its customers an immediate and substantial boost in profits and an enhanced profile to their contracted clients.

 

Gallery

  

More about ROAMEO

Innovative from the ground up to its impressive 78” total height, ROAMEO is a robot unlike any deployed to date. ROAMEO takes all of RAD’s industry-leading AI analytics, video surveillance capabilities, and interactive communications and puts them on the move, at speeds of up to 12 mph.

 

ROAMEO’s 360-degree field-of-view routed through a robust analytic suite, all documented (HIPAA-compliant) securely on the cloud through enhanced cellular services will allow ROAMEO to map property patrol sites, plan and execute routes, avoid obstacles (i.e., people, trees, power posts), and collect and apply data to further optimize for precision and efficiency. The AI analytic suite powering ROAMEO enables the unit to identify vehicles, license plate numbers, and people, with facial recognition, even people wearing or not wearing face masks.

 

For environments and conditions demanding an even greater field-of-view or surveillance, ROAMEO can be equipped with its self-housed unmanned aerial system (UAS) aka “drone” named AERO. AERO connects to ROAMEO via a 40’ tether which provides power and communications. Current US Federal Aviation Administration (FAA) rules mandate a tethered UAS system for commercial applications.

 

As an added benefit, ROAMEO will also interact with people along its patrol route, providing necessary calls for help, panic buttons, security alerts, etc., plus an unlimited number of concierge services including local information, weather, directions, plus profit-generating advertising messaging.

 

 

Achievement & Traction

RAD-M has experienced a tremendous amount of market anticipation and excitement from its existing customers during pre-release and in response to ROAMEO’s proposed subscription costs as a cost-saving alternative, considering its impact on customer P&Ls. Pre-orders and Letters of Intent from several industry leaders suggest initial pricing will be effective and is in line with expectations.

 

Press Coverage:

 

 

 

Market

North American security services industry valued at $25 billion in the US. Many of these guard service providers are existing dealers and clients of RAD-M and RAD.

 

Competition

Knightscope Inc. professes to provide outdoor security robots. These robots have different features that ROAMEO and are not paired to ROAMEO’s stationary line. Furthermore, it is believed that Knightscope’s premier product, the K5, is substantially more expensive than ROAMEO. Knightscope has been very successful at raising money through crowdfunding and its last offering was at a $ 320 million dollar valuation.

 

Business Model

RAD-M, formally announced on September 18, 2020 is the sister company of Robotic Assistance Devices (RAD). RAD-M’s mission is to develop, invest in and build mobile solutions for the autonomous remote services industry. RAD is a proven security services industry supplier with over 500,000 paid operating hours of field operations via the company’s set of stationary solutions. RAD will serve as the exclusive master distributor of products developed by RAD-M. RAD will also continue to develop and provide stationary artificial intelligence-based solutions for the North American security services industry through its existing and strong network of authorized dealers.

 

RAD has experienced tremendous market excitement recently in response to the company's Face Mask detection and Health Screening Options. Several NBC-owned, major-market and affilate stations have recently carried news reports on RAD's industry-leading solutions

 

Team

RAD-M's founding team is comprised of security industry leader and AI veteran Steve Reinharz as President and CEO, robotics and AI analytics innovator Ioan Pop as CTO, and unmanned aerial system (UAS) veteran Sean Smith as Special Consultant.

 

Steve Reinharz

President and CEO

Steve Reinharz is the Founder and President of Robotic Assistance Devices Mobile Inc. (RAD•M) and Robotic Assistance Devices (RAD). A proven and seasoned leader in the physical security industry with 20+ years of experience holding various roles in multiple disciplines, Mr. Reinharz has led RAD to create and launch a successful line of artificial intelligence-powered solutions specifically developed for the guarding and concierge industries. RAD is a wholly-owned subsidiary of Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX)

Ioan Pop

CTO

Ioan Pop leads the research and development vision and efforts of the company. A licensed professional engineer, with over 12 years of experience in high-tech industries including aerospace, automotive, and robotics, Ioan brings a distinct skillset to the RAD-M portfolio. Fueled by an incessant desire to make a positive impact on the world through engineering, Ioan strives to find innovative technical and effective industry solutions. Ioan has earned his Bachelor of Engineering in the Mechanical Systems Engineering field, specializing in robotics, advanced manufacturing, and mechanical design, from Conestoga College; and is in good standing as a P.Eng. with Professional Engineers of Ontario.

Sean Smith

Special Consultant

Sean Smith is a forward-thinking challenge oriented tech entrepreneur excellent at transforming innovative ideas and concepts and developing them into sustainable companies and profitable revenue streams. Serving in senior-level leadership positions he is driven to serve and to help those around him. An awarding-winning executive (2014 Wings Magazine Top 20 Under 40 Award Recipient), a recognized stakeholder by Transport Canada for UAV related items, a mentor at McGill University’s B21, and a founding member of the ENSCO Canadian Division. In 2015, he founded VOZWIN a firm that is focused on providing end-to-end services and solutions to solve problems in alternate revenue stream development, corporate strategic initiatives, product realization, and digital transformation.

 

Board of Advisors
RAD-M has also assembled an impressive Board of Advisors to help guide the company. These individuals hail from diverse professional backgrounds including the security industry, tech startups, and financial institutions. This notable board is an endorsement of RAD-M's business model and the competency of the company's management team.

 

Use of Funds

The funds raised will be utilized for expanding RAD-M’s R&D, manufacturing, and marketing of mobile robotic security solutions for the North American autonomous remote services industry.

 

 

Valuation Comparison

It is management’s opinion that RAD-M’s valuation for this regulation crowdfunding effort is severely undervalued. This is based on the values of a near-competitor, specifically Knightscope, Inc (KI). KI has raised the bulk of its investment through crowdfunding, recently closed a round at a valuation of $320 million. Management believes that ROAMEO is superior to Knightscope’s premier product, their K5, in terms of mobility, size, concierge functionality. Management understands that ROAMEO is significantly less expensive to end users than the K5.

 

For this reason, RAD-M sees tremendous investor value in this crowdfund.

 

A Crowdfunding Reward for You

As our show of appreciation for your support and interest, we are giving away a ROAMEO USB Power Bank for the following investment levels:

  • The First 100 Investors at $250.00 (minimum)
  • The Second 100 Investors at $500.00 (minimum)

We hope you enjoy these powerful portable chargers.

 

Exit Strategy

RAD-M’s high profitability and low-cost structure should create a desirable acquisition target for a variety of large multinational companies and private equity groups. A sale of this manner is one of the two potential exit strategies. Furthermore, the company is considering a NASDAQ listing as another potential exit strategy.

 

Updates


No updates, yet. Stay tuned.

Q&A


Unfortunately, this securities offering is closed. For questions, please email support@trucrowd.com. Thanks!

John Harris
John Harris - Issuer 3 weeks ago
What is a USB Bank

Steve Reinharz
Steve Reinharz - Issuer    
It's a powerbank for charging wireless devices in the shape of a ROAMEO. A cool and useful momento from your investment.

3 weeks ago
Jose Nesto
Jose Nesto - Investora month ago
After the whole Nikola tragedy, I must ask, do you guys have an actual working model of the Roameo? Or is it just a prototype or CGI? Have you guys lands an contracts as of yet? The drone attached to the Roameo, what’s it’s purpose? How does it assist the Roameo? How long can the Roameo run for and how will it charge itself? Thanks guys!
Steve Reinharz
Steve Reinharz - Issuer    
Hello Jose! I'm note sure that Nikola was a 'tragedy' per se, at this point it appears it's outright fraud/etc. We have several working models with the first in the process of being deployed to a client this week :). No vaporware here. RADROAMEO.com has some cgi on it but the real thing looks very similar. We're in the process of collecting more LOIs and converting the LOIs we have to deployment orders. Short answer: it's very real :).

a month ago
Jose Nesto
Jose Nesto - Investor   
Thanks Steve! Can’t wait for the updates!

a month ago
Steve Reinharz
Steve Reinharz - Issuer    
Update coming next week :)

a month ago

Documents

Start-up Valuation Download
Offering Statement Download

Other Disclosures

Read the Form C filed with the SEC for other important disclosures, like financial statements, Directors, Officers, shareholders with more than 20% of voting rights, and more.
Irregular Use of Proceeds
The Company may make Irregular Use of Proceeds. Such Irregular Use of Proceeds, which may be in material amounts in excess of $10,000, may include by way of example and not limitation: Vendor payments and salary made to management, business associates, relatives, related parties and/or affiliates thereof; expenses labeled "Administration Expenses" that are not strictly for administrative purposes; expenses labeled "Travel and Entertainment"; and expenses that are for the purposes of intercompany debt or back payments.

Without limiting the above, the Company may elect to vary from the proposed use of funds as circumstances or assessments of circumstances following the closing change.
Special Note Regarding Forward-Looking Statements
This offering contains forward-looking statements within the meaning of the federal securities laws. We caution investors that any forward-looking statements presented in this offering, or which management may make orally or in writing from time to time, are based on the Company’s beliefs and assumptions made by, and information currently available to, the Company. When used, the words “anticipate,” “believe,” “expect,” “intend,” “may,” “might,” “plan,” “estimate,” “project,” “should,” “will,” “would,” “result” and similar expressions, which do not relate solely to historical matters, are intended to identify forward-looking statements. Such statements are subject to risks, uncertainties and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties and factors that are beyond the Company’s control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. While forward-looking statements reflect the Company’s good faith belief when made, they are not guarantees of future performance. The Company expressly disclaims any responsibility to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. It is not possible to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this offering may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We undertake no obligation to revise or publically release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements.
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