RAD-M

RAD-M

Autonomous Mobile Robots

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Security Type
Common Stock
Min Investment
$250
Location
San Juan Capistrano, CA
Offering Date
October 07, 2020
Expected Close Date
November 02, 2020
Target Raise
$10.00K-$1.07M
Deal Notes

Price per Share: $10

Valuation
$25,000,000

Company Description

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.

Key Deal Facts

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.

Management Team / Advisory Board Bios

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.

Deal Notes

Price per Share: $10

Valuation Notes

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.
Amount Raised : $0
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