Boomerang Systems Featured in Fortune Magazine
FLORHAM PARK, N.J.--(BUSINESS WIRE)-- Boomerang Systems, Inc., (OTCQB: BMER) a leading designer and manufacturer of automated robotic parking and self storage systems, is featured in the April 8, 2013 issue of Fortune Magazine in a story titled "The Robot Garage."
The article focuses on Boomerang's innovative RoboticValet™technology, the history of the company and its leadership, as well as the benefits that its systems can offer for customers.
According to Fortune, "The potential market for robot garages is huge. The product should appeal to customers wherever land is at a premium such as airport car rental locations, universities, downtown apartment and retail developments, and even at transit hubs."
The story also captures key financial benefits for the developer community specifically, noting, "Real estate developers like the system because it frees up extra floors that now can be used for condos or retail space. That potentially adds up to tens of millions in extra revenues for the developer -- way more than enough to pay for the system."
Boomerang's RoboticValet™ is a revolutionary parking solution powered by robots that drive on concrete slab floors to transport vehicles to and from parking spaces. The technology eliminates the need for building ramps and reduces the number of drive aisles allowing the cars to fit in roughly half the space required by a conventional garage. Because cars are shut off before being parked in the garage, carbon emissions are reduced and less electricity is used for ventilation and lighting.
About Boomerang Systems, Inc.
Headquartered in Florham Park, NJ, with research, design, testing and production facilities in Logan, UT, Boomerang Systems, Inc. (www.boomerangsystems.com) is in the business of selling, designing, engineering, manufacturing, installing and supporting its own line of fully automated parking systems and fully automated self-storage systems. The Company is the developer and sole provider of the Boomerang RoboticValet™ automated parking system which differs from legacy automated parking systems in that it transports vehicles on a flat solid concrete slab without the use of a rail or track. Prior to starting Boomerang in 2006, the Company's founding principals started S&S Worldwide, which has grown to become the largest manufacturer of thrill rides in the USA with installations in 31 countries worldwide.
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: The Material contained in this press release may include statements that are not historical facts and are considered "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Boomerang Systems, Inc.'s current views about future events, financial performances, and project development. These "forward-looking" statements are identified by the use of terms and phrases such as "will," "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Boomerang's expectations. These risk factors include, but are not limited to, the risks and uncertainties identified by Boomerang Systems, Inc. under the headings "Risk Factors" in its latest Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. These factors are elaborated upon and other factors may be disclosed from time to time in Boomerang Systems, Inc.'s filings with the Securities and Exchange Commission. Boomerang expressly does not undertake any duty to update forward-looking statements.
KEYWORDS: United States North America New Jersey
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