AITX’s Subsidiary Robotic Assist Devices Receive a Raise


Orders for 33 Devices secured since Last public update

Detroit, Michigan, Oct. 19, 2022 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has received multiple orders, totaling 33 units, to be delivered to four different customers . The product mix of the 33 safety devices ordered since the last public announcement is 28 ROSAs and five TOMs.

“It’s wonderful to see RAD’s sales flow with great potential opportunities and the addition of new authorized resellers,” said Mark Folmer, President of RAD. “One of our very active dealers is extending its dominance in the automotive market with a single order for 26 ROSA units, details of which we will post later. Additionally, we are delighted to add two new strong regional dealers who will each take a ROSA as a demo unit.Additionally another existing customer is expanding their system further with five additional TOM units.Last week was a strong sales week.

RAD’s ROSA has been recognized by the industry for its autonomous ability to detect and deter intrusions and other property intrusions without the need for human guard assistance. Folmer has confirmed that all 26 ROSAs will be deployed at one of the customer’s distribution centers.

“Each deployment is an advertisement for continued potential expansion. I hope that after the successful deployment of these 26 units, this end user will expand into the rest of their facilities,” said Steve Reinharz, CEO of AITX and RAD. “The RAD technology currently available proves its value every day in helping to secure properties and assets. When end users realize the big savings from expensive labor, they order more. We will continue to build and deploy complementary solutions to fulfill our mission to revolutionize proptech with AI-powered technology and Wi-Fi-like quality cellular connectivity,” concluded Reinharz.

Although not yet named due to confidentiality agreements, the company said the end user of the five TOM visitor management devices is an existing customer, a global leader in chain management. third party supply and logistics. The TOM devices are expected to be deployed in November in one of the customer’s logistics centers.

RAD plans to make additional announcements of newly signed authorized resellers and other sales updates in the immediate future.

ROSA is a multi-award winning, compact, self-contained, portable security and communications solution that can be deployed in approximately 15 minutes. Like other RAD solutions, a standalone ROSA only requires power, which is supplied when configured with RIO, as it includes all necessary communication hardware. ROSA’s AI-powered security analytics include person, gun, vehicle detection, license plate recognition, responsive digital signage and audio messaging, as well as full integration with the RAD software suite notification and self-contained response library. Two-way communication is optimized for cellular, including live video from ROSA’s two high-resolution, color, always-on cameras. RAD has released two case studies detailing how ROSA has helped eliminate instances of theft, trespassing and vagrancy at rental car agencies and construction sites across the country.

RAD has a sales pipeline of over 35 Fortune 500 companies and many other client opportunities. RAD plans to continue to attract new business by converting its existing sales opportunities into deployed customers generating a recurring revenue stream. Every Fortune 500 customer has the potential to place many orders over time.

RAD’s parent company, AITX, has applied for OTCQB listing. Future announcements will be made regarding the status of the OTCQB application.

Robotic Assistance Devices (RAD) is a high-tech start-up that provides robotics and artificial intelligence-based solutions that enable organizations to gain new knowledge, solve complex security problems and fuel new new business ideas at reduced costs. RAD has developed its advanced security robot technology from the ground up, including PCB design and basic code development. This allows RAD to have full control over all design elements, performance, quality and user experience of all security robots, which ROSAAVROAMEORADDOGRioRAD Light My Way, or TOM. Learn how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto and requesting a copy of the recently released “Navigating the New Economy: Jobs & Automation, Challenges & Opportunities” document.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this press release other than statements of historical fact are “forward-looking statements” that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: Artificial Intelligence Technology Solutions to meet its obligations, to provide working capital requirements from operating revenues, to obtain additional financing necessary for any future acquisition, to meet competitive challenges and technological changes, to achieve business objectives and financial, including projections and forecasts, and other risks. Nothing contained in this press release should be construed as any indication of future stock price, earnings or results of operations of the Company. Further, the industry data provided herein does not have any predictive value regarding the future sale of the Company’s products. Artificial Intelligence Technology Solutions assumes no obligation to update any forward-looking statements and/or confirm the statement(s) with respect to actual results or changes in Artificial Intelligence Technology Solutions’ expectations.

About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in delivering artificial intelligence-based solutions that empower organizations to gain new insights, solve complex challenges, and fuel new business ideas. Through its next-generation robotics product offerings, AITX’s RAD, RAD-M, and RAD-G companies help organizations streamline operations, increase return on investment, and strengthen their business. AITX technology improves the simplicity and economy of patrol and guard services and allows experienced personnel to focus on more strategic tasks. Customers increase the capabilities of existing personnel and gain higher levels of situational awareness, all at a significantly reduced cost. AITX solutions are well suited for use in multiple industries such as enterprise, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, stevereinharz.com, www.radsecurity.com, radgroup.ai and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

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Steve Reinharz
949-636-7060
@SteveReinharz

  • Artificial Intelligence Technology Solutions, Inc.

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