AITX’s RAD Achieves Strategic Cost Reductions in Q3 for Generation 4 Products, Highlighting Commitment to Innovation and Efficiency
Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), announces significant cost optimizations for its Generation 4 product lineup in Q3. Initially, Gen 4 products were 22% more expensive than Gen 3, but improvements in manufacturing and supply chain efficiencies have reduced this gap to 10%. The company implemented a 12% price increase to maintain target gross margins. The Generation 4 lineup, launched in Q2 FY 2025, includes AVA Gen 4, ROSA Gen 4, and RIO Gen 4. RAD's solutions aim to provide businesses with 35%-80% cost savings compared to traditional security services.
I Dispositivi di Assistenza Robotica (RAD), una filiale di Artificial Intelligence Technology Solutions (AITX), annunciano significative ottimizzazioni dei costi per la sua gamma di prodotti di Generazione 4 nel terzo trimestre. Inizialmente, i prodotti Gen 4 erano più costosi del 22% rispetto ai Gen 3, ma i miglioramenti nella produzione e nell'efficienza della catena di approvvigionamento hanno ridotto questo divario al 10%. L'azienda ha attuato un aumento di prezzo del 12% per mantenere i margini lordi target. La gamma di prodotti di Generazione 4, lanciata nel secondo trimestre dell'anno fiscale 2025, include AVA Gen 4, ROSA Gen 4 e RIO Gen 4. Le soluzioni di RAD mirano a fornire alle aziende un risparmio sui costi compreso tra il 35% e l'80% rispetto ai servizi di sicurezza tradizionali.
Los Dispositivos de Asistencia Robótica (RAD), una subsidiaria de Artificial Intelligence Technology Solutions (AITX), anuncian importantes optimizaciones de costos para su línea de productos de Generación 4 en el tercer trimestre. Inicialmente, los productos Gen 4 eran un 22% más caros que los Gen 3, pero las mejoras en la fabricación y la eficiencia de la cadena de suministro han reducido esta brecha al 10%. La empresa implementó un aumento del 12% en los precios para mantener el margen bruto objetivo. La línea de productos de Generación 4, lanzada en el segundo trimestre del año fiscal 2025, incluye AVA Gen 4, ROSA Gen 4 y RIO Gen 4. Las soluciones de RAD tienen como objetivo proporcionar a las empresas ahorros de costos del 35% al 80% en comparación con los servicios de seguridad tradicionales.
로봇 지원 장치(RAD)는 인공지능 기술 솔루션(AITX)의 자회사로, 3분기 동안 4세대 제품 라인업에 대한 상당한 비용 최적화를 발표했습니다. 처음에 4세대 제품은 3세대 제품보다 22% 더 비쌌으나, 제조 및 공급망 효율성 개선으로 이 격차가 10%로 줄어들었습니다. 회사는 목표 총이익률 유지를 위해 12%의 가격 인상을 시행했습니다. 2025 회계연도 2분기에 출시된 4세대 라인업에는 AVA Gen 4, ROSA Gen 4, RIO Gen 4가 포함됩니다. RAD의 솔루션은 전통적인 보안 서비스와 비교하여 기업에 35%에서 80%까지의 비용 절감을 제공하는 것을 목표로 합니다.
Dispositifs d'Assistance Robotique (RAD), une filiale de Artificial Intelligence Technology Solutions (AITX), annonce d'importantes optimisations de coûts pour sa gamme de produits de Génération 4 au troisième trimestre. Au départ, les produits Gen 4 étaient 22% plus chers que les Gen 3, mais les améliorations de la fabrication et de l'efficacité de la chaîne d'approvisionnement ont réduit cet écart à 10%. L'entreprise a mis en œuvre une augmentation de prix de 12% pour maintenir les marges brutes cibles. La gamme de produits de Génération 4, lancée au deuxième trimestre de l'exercice 2025, comprend AVA Gen 4, ROSA Gen 4 et RIO Gen 4. Les solutions de RAD visent à fournir aux entreprises des économies de coûts de 35% à 80% par rapport aux services de sécurité traditionnels.
Robotik-Hilfsgeräte (RAD), eine Tochtergesellschaft von Künstliche Intelligenz Technologie-Lösungen (AITX), kündigt bedeutende Kostenoptimierungen für seine Produktreihe der Generation 4 im dritten Quartal an. Zunächst waren die Gen 4 Produkte 22% teurer als die Gen 3, aber Verbesserungen in der Fertigung und Effizienz der Lieferkette haben diese Lücke auf 10% verringert. Das Unternehmen setzte eine Preiserhöhung von 12% durch, um die angestrebten Bruttomargen aufrechtzuerhalten. Die Produktreihe der Generation 4, die im zweiten Quartal des Geschäftsjahres 2025 eingeführt wurde, umfasst AVA Gen 4, ROSA Gen 4 und RIO Gen 4. Die Lösungen von RAD zielen darauf ab, Unternehmen Einsparungen von 35% bis 80% im Vergleich zu traditionellen Sicherheitsdiensten zu bieten.
- Cost reduction achieved in Generation 4 products from 22% to 10% above Gen 3 costs
- Implementation of 12% price increase to maintain gross margins
- Successful streamlining of production and supply chain efficiencies
- Solutions provide 35%-80% cost savings compared to traditional security services
- Sales pipeline includes over 35 Fortune 500 companies
- Generation 4 products remain 10% more expensive than Generation 3
- Required 12% price increase across product line
Detroit, Michigan, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”), (OTCPK:AITX) a global leader in AI-driven security and automation solutions, is pleased to announce significant cost reductions in its latest generation of products. The Company’s Generation 4 lineup, which launched in Q2 FY 2025, has seen impressive cost optimizations in Q3 as RAD implemented strategic manufacturing improvements.
Overview of Product Evolution and Cost Efficiency
For several years, RAD maintained consistent manufacturing costs with its Generation 3 lineup. With the introduction of Generation 4 products in Q2, including AVA Gen 4, ROSA Gen 4, and RIO Gen 4, initial costs increased as the Company integrated advanced technology and refined features to meet evolving client needs as well as suffering through lack of initial quantity discounts. However, by Q3, RAD’s efforts to streamline production and enhance supply chain efficiencies led to a noticeable decrease in unit costs across all Generation 4 products.
Steve Reinharz, CEO and CTO of AITX and RAD, commented, “Our team has worked diligently to ensure that while we introduce more advanced features, we also maintain a commitment to cost efficiency. These Q3 cost reductions underscore our dedication to both innovation and operational excellence.”
In sum, the cost of Generation 4 started approximately
Driving Innovation Without Compromising Value
The successful cost optimizations of Generation 4 products reflect RAD’s ability to deliver cutting-edge solutions while balancing fiscal responsibility. These advancements position RAD favorably to meet client demands for high-performance security and automation solutions without passing increased costs on to customers.
“We’re excited to offer our clients the most advanced technology in the market at competitive prices,” Reinharz continued. “Our ability to adapt quickly, streamline production, and manage costs effectively is a testament to our team’s commitment to operational agility and customer value.”
As the Company progresses through FY 2025, which will end February 28, 2025, the Company remains focused on advancing its product line and maintaining cost efficiencies, ensuring that clients continue to receive the best value in the industry.
AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the
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.
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-R, 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 staff 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.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
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.
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Steve Reinharz
949-636-7060
@SteveReinharz
FAQ
What cost reductions did AITX achieve for its Generation 4 products in Q3 2024?
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