FLORHAM PARK, N.J., Jan. 18, 2012 / -- Boomerang Systems, Inc. (OTCQB: BMER) a leading designer and manufacturer of automated robotic parking and self-storage systems announces that construction has begun on the new Elliot Museum, which will feature a 55-space fully automated parking system supplied by Boomerang to display the Stuart, Florida museum's antique car collection.
The Elliott Museum was originally founded in 1961 by Stuart resident, Harmon Elliott, as a tribute to his father Sterling Elliott, a prolific inventor that inspired the museum's theme of innovation. The new Elliott Museum will provide expanded galleries, studio space, as well as a 50-seat theatre, cafe, archival library, and flexible space for up to 500 people.
A major new exhibition in the Elliott Museum will connect post-1900 American culture with the rise in motor vehicle technology by displaying 55 vehicles in a robotic parking system supplied by Boomerang. This is the first automated parking system ever installed in a museum and will require the integration of a large touch screen display to control the multi-media content in this interactive exhibit. Each car will be brought down from its storage space to a custom turntable that will rotate the vehicle as part of a multi-media exhibit featuring local and national news headlines, inventions, art and entertainment spanning more than seven decades.
James McCormick, who serves as interim Vice President of The Historical Society of Martin County stated, "We are very happy to have found a U.S. supplier of automated parking technology in Boomerang to help us install this one-of-a-kind museum exhibit."
Mark Patterson, who serves as CEO of Boomerang Systems, Inc. stated, "We are excited to be a part of this innovative project because it uses our robotic parking technology, which we believe is important to the future of automobile use in America, to tell the story of the automobile's historical importance to our country."
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 robotic 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. The company believes that this system provides numerous advantages with regard to redundancy, throughput, layout flexibility and fire and life safety in comparison to other legacy rail based automated parking systems. Prior to starting Boomerang, the company's founding principals started S&S Worldwide, which has grown to become the largest manufacturer of thrill rides in North America with customers in 31 countries including Disney, MGM, Six Flags & Cedar Fair. Engineering accomplishments include the World's tallest thrill ride (Stratosphere, Las Vegas, NV) and the World's first roller coaster to go over 100 MPH (Guinness World Record in 2002).
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.