AITX and Robotic Assistance Devices CEO Steve Reinharz Appointed to Security Industry Association Board of Directors

Rhea-AI Summary

Artificial Intelligence Technology Solutions (AITX) has announced the appointment of Steve Reinharz to the board of directors for the Security Industry Association (SIA). This two-year term aims to support the SIA's mission to enhance success within the global security industry. Reinharz expressed gratitude for the appointment, aligning with RAD's vision of an AI-driven security sector. AITX, via its subsidiary Robotic Assistance Devices (RAD), is disrupting the $25 billion security industry by offering AI-driven solutions that can reduce security costs by 35%-80%. The company has a strong sales pipeline with over 35 Fortune 500 companies.

Positive

• Steve Reinharz joins the SIA Board of Directors, increasing AITX's industry influence.
• RAD's innovative solutions offer significant cost savings (35%-80%) in the security sector.
• Strong prospective sales pipeline with over 35 Fortune 500 companies, indicating growth potential.

Negative

• None.

Detroit, Michigan, March 30, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced that Steve Reinharz has been appointed to the board of directors for the Security Industry Association (SIA).

Reinharz will join six other security industry professionals while serving a two-year term in support of the association’s mission “to be a catalyst for success within the global security industry through information, insight and influence.”

“It’s an honor to have been nominated and appointed to the SIA board of directors,” Reinharz said. “I commend SIA for embracing RAD’s vision of an inevitable AI-powered security industry. I look forward to working with this distinguished team of security leaders to help shape and define the future of our industry.”

SIA is an industry trade association for global security solution providers, with more than 1,300 member companies representing thousands of security leaders and experts who shape the future of the security industry.

“SIA congratulates Steve Reinharz on joining the SIA Board of Directors,” said SIA CEO Don Erickson. “As a recognized innovator in the security industry, SIA appreciates Steve’s willingness to share his vision and expertise to benefit SIA.”

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.

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

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Steve Reinharz
949-636-7060
@SteveReinharz

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• Artificial Intelligence Technology Solutions, Inc.

FAQ

What is the significance of Steve Reinharz joining the SIA Board of Directors for AITX?

Steve Reinharz's appointment to the SIA Board enhances AITX's influence and visibility in the security industry.

How does AITX plan to impact the $25 billion security industry?

AITX aims to disrupt the security industry by providing AI-driven solutions that significantly reduce operational costs.

What are the expected benefits of AITX's cost-saving solutions?

RAD's solutions can save businesses between 35%-80% compared to traditional manned security services.

What does the prospective sales pipeline of AITX include?

AITX has a sales pipeline that includes over 35 Fortune 500 companies, suggesting strong future revenue opportunities.