Innova
Holdings Retains The Ashcroft Group, LLC as Strategic Advisor and
Consultant
Former
United States Attorney General To Assist Company In Establishing Strategic
Relationships In Military, Homeland Security and First Responder Markets and
will Chair Innova Holdings’ Board of Advisors.
FORT
MYERS, Fla. - (August 7, 2006) - Innova Holdings, Inc. (OTC BB: IVHG), a
robotics technology firm providing software and hardware systems to the service,
personal, and industrial robot markets, has retained The Ashcroft Group, LLC
to
provide strategic
advisory consulting services relative to its Innova Robotics subsidiary’s
targeted
markets including homeland security, military, first responders and the
intelligence community.
Additionally,
John Ashcroft will become the Chairman of the Company’s Board of Advisors.
Commenting
on his acceptance of the position, Mr. Ashcroft stated, “This Company’s
technologies and expertise in the automation and remote operation of robotics
are critical to the United States’ military and homeland security. I believe
that Innova Holdings is a pioneer in the industry and I look forward to working
with them to integrate their technologies into applications that will contribute
to initiatives that enact security and protection mechanisms for our nation.”
The
Innova Robotics mission is to enable the development of technologies,
applications, and emerging markets for unmanned vehicles equipped with robotic
devices, sensors, vision, and other enhancements to increase functionality.
Innova Robotics leverages the patented products, technology, and robotics
expertise of the Innova Holdings’ subsidiaries, which include Robotic Workspace
Technologies (RWT™) that recently launched the URC3™ high-performance open
architecture PC controller for robots and other automated devices, and CoroWare
that supports the application of unmanned mobile robotics, offers web-based
services and other software business solutions. Innova Holdings also has
strategic development relationships with Embry Riddle Aeronautical University
(ERAU) and the University of South Florida (USF).
“We
are
honored that John Ashcroft and his team at The Ashcroft Group have agreed to
work closely with Innova Holdings as we introduce our products and services
to
the military, homeland security, first responders, and the intelligence
community,” said Walter K. Weisel, Chairman and CEO of Innova Holdings, Inc. “We
believe that The Ashcroft Group’s involvement validates the applicability of the
breakthrough technologies we’ve developed for NASA and others, for unmanned
robotic vehicle applications on land, in the air, and on the seas.”
The
Ashcroft Group was founded by former Attorney General John Aschroft with former
Chief of Staff David Ayres in May 2005. The Ashcroft Group team includes
Juleanna Glover Weiss, a former press secretary to Vice President Dick Cheney;
Susan Richmond, Former Chief of Staff for management at the Department of
Homeland Security, William Gaynor, the Western finance director for the
Bush-Cheney 2004 campaign and a former Commerce Department official, and Lori
Sharpe Day, who had been Vice President of the Air Transport Association before
joining Ashcroft. Sharp had worked for Ashcroft as the Justice Department’s
director of intergovernmental affairs and as a legislative aide in the
Senate.
The
Innova Holdings RWT subsidiary is credited worldwide as being the leader in
developing and providing a standardized control platform, the Universal Robot
Controller™ (URC™) that can be used with virtually any industrial robot. The
company continues development of the controller and today, the URC3 is being
used by NASA with custom robotic devices to prove-out operation and control
of
robotic mechanisms in space. NASA is evaluating the use of these robotic devices
for a repair/recovery mission to the Hubble Space Telescope. The URC3 represents
not only an open control system that can be applied to any kinematical
mechanism, but also a processing system capable of handling in excess of 1,000
instructions per second and an environment that integrates analog and digital
communications from a virtually limitless array of signal generators. Working
with the CoroWare subsidiary, the company is transferring this expertise to
the
unmanned mobile robotic vehicle arena where a single command and control system
that can interface with equipment, field personnel, and command centers will
drastically improve the functionality of unmanned vehicles.
About
Innova Holdings Inc.
Fort
Myers, Fla.-based Innova Holdings Inc. (BB: IVHG), through its subsidiaries,
provides hardware and software systems-based solutions to the military, service,
personal and industrial robots markets. The robotics and automation technology
company is chartered to continue expanding its growing suite of technologies
through acquisitions and growth. Its founder, Chairman and CEO Walter K. Weisel,
is recognized as a pioneer and leader in the robotics industry. The company’s
wholly owned subsidiaries are Robotic Workspace Technologies Inc. (RWT), Innova
Robotics Inc., and CoroWare. To learn more, visit us online at www.InnovaHoldings.com.
About
the Ashcroft Group
The
Ashcroft Group is a Washington, DC-based strategic
advisory and consulting firm
founded
by former U.S. Attorney General John
Ashcroft.
The
focus of the firm is "strategic consulting, security and internal investigative
services, and crisis counseling," for countries, corporations and industry
and
political associations,
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.
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End
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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.
