EXHIBIT 99.2
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Transbotics Enters into a Definitive Asset Purchase Agreement
with Automotion Systems Inc.
XXXXXXXXX, X.X.--(BUSINESS WIRE)--April 27, 2007--Transbotics
Corporation, (OTCBB: TNSB) (xxx.xxxxxxxxxxx.xxx), has entered into a
Definitive Asset Purchase Agreement with AutoMotion Systems Inc.
("AutoMotion"), which was completed yesterday. Transbotics acquired
$167,604 of current assets, including inventory and work in process
and $71,898 of fixed, research and development and intangible assets
for a total purchase price of $239,502. The acquisition will allow
Transbotics to fill a product gap that it currently has with smaller
less technologically demanding vehicles that can be used in a wide
array of industries.
"The purchase of AutoMotion's assets allows us the ability to
create a broader product line that we can offer our current customers
as well as new customers for whom we could not previously supply
solutions. These vehicles are used for smaller payloads and repetitive
operations, which can be used in warehouse, distribution, medical and
automotive operations just to name a few" stated Xxxxxxx Xxxxxxx, CEO
of Transbotics Corporation. The owner of AutoMotion, Xx. Xxxxxxx
Xxxxx, will continue to work with his existing customers as well as
cross selling Transbotics' current vehicles as Vice President Sales -
Automotion.
For over 20 years Transbotics Corporation has specialized in the
design, development, support and installation of automation solutions
with an emphasis on Automatic Guided Vehicles (AGVs). The company is a
North American automation solutions integrator that manufactures,
installs and supports various automation technologies including AGVs,
robots, conveyors, batteries, chargers, motors and other related
products.
Transbotics provides unique automation solutions to a variety of
industries, including automotive (tier one supplier), aerospace and
defense, food and beverage, paper and allied products, newsprint and
publishing, entertainment, microelectronics, plastics and primary
metals. Transbotics' current customers include Fortune 500 companies
as well as small manufacturing companies.
This release (including information incorporated by reference
herein) may be deemed to contain certain forward-looking statements
with respect to the financial condition, results of operation, plans,
objectives, future performance and business of the Company. These
forward-looking statements involve certain risk, including, without
limitation, the uncertainties detailed in Transbotics Corporation
Securities and Exchange Commission filings.
CONTACT: Transbotics Corporation
Xxxxxx Xxxxxxx, 000-000-0000
President & CFO
