Tuesday May 30, 2017 0 comments
DENVER -- Gamma 2 Robotics, makers of RAMSEE the Security Robot -- the autonomous, physical presence that observes, reports, deters threats and collects data utilized to mitigate risk -- announced it has launched a $6 million offering with Boustead Securities.
The company said it intends to use the proceeds to launch initial volume manufacturing while ramping the broader Pilot-to-Purchase program and executing on its product roadmap to realize the next generations of RAMSEE.
"The engagement of Boustead Securities and the opening of this offering are key events in the rollout of RAMSEE the Security Robot to the global physical security industry," said Lew Pincus, Gamma 2’s CEO.
"Boustead's proven track record has the potential to bring G2R deep alliances in the capital markets, which we believe will lead to enhanced shareholder value."
Dan McClory, Boustead managing director and head of Equity Capital Markets, described the engagement with Gamma 2 Robotics as "an outstanding opportunity to work with G2R in their quest to quickly become a major security robotics developer in the $70 billion physical security market.
“G2R is in an advantageous position to offer RAMSEE as a low-cost, high-margin, high-impact technology,” McClory said. “We believe that G2R is an exceptional vehicle to cement Boustead's position in the appreciating robotics space."
G2R said the offering is open to "accredited investors" only and only in jurisdictions where general solicitation of such offerings is permitted.