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HelpMate Robotics values govt. contract at $8 million.

DANBURY, Conn.--(BUSINESS WIRE)--Feb. 24, 1997--HelpMate Robotics Inc. (OTC: HELPU, HELP, HELPW; PSE: HLP) announced today that the National Acquisition Center for the Department of Veterans Affairs has assigned HelpMate Robotics Inc. Federal Supply Schedule Contract No. V797P-3508k.

Under the terms of the Contract, HelpMate Robotics Inc. (HRI) can sell or lease its flagship product, the HelpMate Robotic Courier, to any United States Government entity without the lengthy procurement process normally required. Potential customers are primarily VA and military hospitals in the United States, Washington D.C. and Puerto Rico.

"If HRI sells just 2 of its flagship products to one-third of the 114 V.A. Hospitals in the United States alone, we very conservatively value the contract at $8.36 million over the life of the contract (three years). Having this VA Solicitation Number dramatically speeds up the process of fulfilling a purchase order and expands our immediate base of potential customers significantly," said Joseph F. Engelberger, Chairman of HelpMate Robotics, Inc. "Before, U.S. government customers requesting one of our products had to seek comparative products and bids which typically delayed the order process 90 to 120 days even though in this market the HelpMate Robotic courier has no known competition," stated Engelberger.

"HRI and the VA National Acquisition Center have already agreed on pricing and we are offering volume discounts to encourage procurement," added Thomas Sweeny, President of HelpMate Robotics, Inc. "In fact, all potential orders from VA and military customers can be immediately approved and expedited under this new system."

HelpMate Robotics Inc. designs, manufactures and markets proprietary autonomous robot systems primarily for use by the institutional health care industry in the U.S., Canada, Japan and Europe. The Company's flagship product, HelpMate, is an intelligent, self-navigating, battery-powered robot that can travel throughout a facility without fixed tracks or guide wires.

The information in this release includes certain forward-looking statements that are based upon assumptions that are subject to a number of uncertainties and risks and actual results may differ materially. The uncertainties and risk include but are not limited to, actual order receipts, the mix of sales and leases versus rentals, the pace of order receipts for existing products, dependence on current customer base and the introduction of competing products having technological and/or pricing advantages.

CONTACT: Thomas Sweeny, President Patricia A. Meding, President

HelpMate Robotics, Inc. Forte Communications, Inc.

(800) 733-4872 (212) 785-6300

(212) 785-6205 (fax)
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Publication:Business Wire
Date:Feb 24, 1997
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