On The Move Systems Corp (OTCMKTS:OMVS) Is A Penny Stock On The Move

Do you remember our last article on On Move Systems Corp. (OTCMKTS:OMVS)?We said that the recent acquisition of Robotic Assistance Devices, Inc. had been a good announcement, but the market had not pushed up the share price after the announcement came out. RAD's RobotsWe believed that some market participants were profiting from the situation: "shareholders are disclosing, smart money is using the selloff as an opportunity to load up."We were not wrong. The share price jumped recently.From $0.04, the share price spiked up and touched the $0.08 share price level. On top of it, more than 6 million shares changed hands. Have a look at it: 1 month chart for OMVSWhat happened?The company announced more good news including a new agreement with Allied Universal Security Services, the development of new robots, and new partnerships.Recent DevelopmentsOn September 14, 2017, we received guidance from OMVS for RAD. It was noted that the company is preparing to ramp up production. The following expected deployments of robots were given:

• 20 robots by the end of calendar 2017
• 50 robots by the end of the first quarter of 2018
• 90 robots by the end of the second quarter of 2018
• 160 robots by the end of the third quarter of 2018
• 240 robots by the end of the fourth quarter of 2018

The robots will be rented to clients over a three-year period, so that the company secures its intellectual property. Software and hardware updates are also sold as complementary services.Do you want to make some calculations about the future revenues of RAD?You will need to know that each robot brings in approximately $110,000 of revenue over the life of the contract. Thus, the company makes about $36,000 a year per robot.Is there demand for robots?Yes, according to RAD, a total of 62 commitments for robots have been received. Furthermore, clients are said to be over 50 Fortune 500 companies and over 25 qualified dealers and distributors.On September 19, 2017, the market received more good news. Mark McCourt, who was previously Vice President of Enterprise Security Services at Allied Universal, the largest security company in North America, had been appointed as Strategic Advisor at RAD. We appreciate the expertise that he brings to the company, which will help create strategic corporate alliances.He explained his reasons to join RAD. We highlight the following words:

"RAD is clearly the technology leader in artificial intelligence, and there is a significant opportunity to build sustainable, high-growth initiatives in key markets, even beyond security " Source

It was noted in another press release that Mark McCourt commenced working for the company on September 5, 2017.Additionally, on September 21, 2017, new plans were released. RAD had decided to offer its security guard robotics solution through the integrator channel. The president, Steve Reinharz, explained the importance of this news:

"We look forward to enabling integrators to help their customers enhance safety while also delivering the services and support integration firms require to ensure long-term success with emerging technologies." Source

October has been so far a hot month. On October 4, 2017, Robotic Assistance Devices noted that its first two autonomous security robots were being prepared for its first client.But, that's not all. The company noted that it is seeing strong demand for its automation security solutions from the marketplace both at the end user and the distributor level.On October 13, 2017, it was released that RAD had signed a completed dealer agreement with Allied Universal Security Services. The company did not release a lot of information about the terms included in the agreement, but the market did not need it. Only mentioning that Allied Universal was going to collaborate with the company made the market push up the share price.Mark McCourt, adviser of the company, and ex Vice President of Enterprise Security Services at Allied Universal, helped seal the deal. We want to highlight that the share price jumped when this person was hired. Additionally, the share price jumped again when it was released that his ex-employer was going to collaborate with RAD.ConclusionCurrently trading with a market cap of $7 million, OMVS is an exciting story among small caps. The company reported $16,000 in cash, and $18 million in total liabilities in the last quarterly release. Thus, we believe that the company will need financing soon, which, we believe, may not be a problem.Why?Because it seems that the market is appreciating the recent innovations released by OMVS and RAD. If the company decided to raise capital in the market, the commitments for new robots will bring in substantial revenues.To sum up, be alert on the next announcements as OMVS remains a penny stock on the move.Be sure to check out our coverage on OMVS!We will be updating our subscribers as soon as we know more. For the latest updates on OMVS, sign up below!Image courtesy of Fox Pix via FlickrDisclosure: We have no position in OMVS and have not been compensated for this article.