GlobeNewswire Inc | Jan 28, 2021 07:45AM EST

January 28, 2021

JACKSONVILLE, FL, Jan. 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire-- BOTS, Inc. (OTC MARKET:BTZI),an emerging innovator of products, technologies, and services for the rapidly growing cyber-security, digital robotics automation and AI for manufacturing industry, announced today the formation of Robot Acquisition Corporation (RoboSPAC), a SPAC formed to raise the necessary capital to acquire an advanced, profitable, robotics enterprise. The Company revised its business plan to add SPAC Sponsor to itsmergers and acquisitions strategies.

Theglobal roboticstechnologymarket sizewas valued at $62.75 billion in 2019 and is projected to reach $189.36 billion by 2027, growing at a CAGR of 13.5% from 2020 to 2027. However, we believe that robotics will quickly overtake every aspect of life making this projection of 13.5% extremely modest.

The Five Major Types of Robots

Mechanical bots come in all shapes and sizes to efficiently carry out the task for which they were designed. From the 0.2 millimeter-long RoboBee to the 200 meter-long robotic shipping vessel Vindskip, robots are emerging to carry out tasks that humans simply cant. Generally, there are five types of robots:

Pre-Programmed Robots

Pre-programmed robots operate in a controlled environment where they do simple, monotonous tasks. An example of a pre-programmed robot would be a mechanical arm on an automotive assembly line. The arm serves one function to weld a door on, to insert a certain part into the engine, etc. and its job is to performthat task longer, faster and more efficiently than a human.

Humanoid Robots

Humanoid robots are robots that look like and/or mimic human behavior. These robots usually perform human-like activities (like running, jumping and carrying objects), and are sometimes designed to look like us, even having human faces and expressions. Two of the most prominent examples of humanoid robots areHanson Robotics Sophiaand Boston DynamicsAtlas.

Autonomous Robots

Autonomous robots operate independently of human operators. These robots are usually designed to carry out tasks in open environments that do not require human supervision. An example of an autonomous robot would be the Roomba vacuum cleaner, which uses sensors to roam throughout a home freely.

Teleoperated Robots

Teleoperated robots are mechanical bots controlled by humans. These robots usually work in extreme geographical conditions, weather, circumstances, etc. Examples of teleoperated robots arethe human-controlled submarines used to fix underwater pipe leaks during the BP oil spill ordrones used to detect landmineson a battlefield.

From Diffusing Bombs to Performing Surgery, VR Robots Have Some Amazing Uses

Augmenting Robots

Augmenting robots either enhance current human capabilities or replace the capabilities which a human may have lost. Some examples of augmenting robots are robotic prosthetic limbs or exoskeletons used to lift hefty weights.

The company plans to raise $100,000,000 from investors utilizing our newly formed SPAC for which Bots, Inc., as its sponsor, will retain up to a 20% interest. We invite any cutting edge robotics business interested in being acquired by a SPAC to contact the Company. While we are primarily interested in Humanoid Robotics as our primary target, we will also consider businesses profiting from any aspect of robotics. The Company registered RoboSPAC.com domain, which will serve as the SPACs website.

Special purpose acquisition companies, or blank-check companies, are formed with the purpose of using the proceeds from their initial public offerings to acquire one or more businesses, to be identified after the IPO, usually referred to as targets, commented Paul Rosenberg, Companys CEO.

ABOUT BOTS, INC.

Headquartered in San Juan, Puerto Rico, BOTS, Inc., a publicly traded OTC Markets innovator trading under the symbol (BTZI) - is a diversified company developing and servicing blockchain and robotics solutions for its clientele. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology, Cyber Security and Robotic Process Automation (RPA).

Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our SEC filings, press releases, public conference calls, and webcasts. We also use social media to communicate with our subscribers and the public about our Company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in our Company to review the information we post on the U.S. social media channels listed below. This list may be updated from time to time.

Track BTZI news on Facebook @ https://www.facebook.com/Bots.Bz/

Follow BTZI news on Twitter @Bots_bz http://www.Twitter.com/Bots_bz

Find BTZI news at http://www.bots.bz

Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.

For more information, visit http://www.bots.bz

Visit BTZI on Facebook

https://www.facebook.com/Bots.Bz/

Follow BTZI on Twitter @Bots_bz

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings.

Contact:

Paul Rosenberg, CEO

paul@bots.bz