AITX's RAD Penetrates Further into Healthcare Market with Multiple RIO Order from Top 25 Healthcare Provider

Rhea-AI Summary

Artificial Intelligence Technology Solutions, Inc. (AITX) subsidiary Robotic Assistance Devices, Inc. secures a significant order from a top 25 healthcare provider for their RIO 360 solar-powered security towers. The order highlights RAD's expanding presence in the healthcare market and emphasizes the growing demand for their innovative security solutions.

Detroit, Michigan, April 11, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), has secured an initial order from a prominent healthcare provider ranked in the top 25 nationwide. The order is for multiple units of RAD's RIO™ 360 solar-powered security towers.

The specifics of the order, including the number of units and financial details, have not been revealed, citing confidentiality agreements between the parties involved.

This news signifies RAD's continued penetration into the healthcare market, showcasing the growing demand for its innovative security solutions within this sector. By deploying RIO 360 towers, healthcare providers can enhance their security measures and ensure the safety of their facilities, staff, and patients.

“I am pleased that the healthcare industry is starting to take notice of what’s going on at RAD,” commented Steve Reinharz, CEO/CTO of AITX and RAD. This substantial order reaffirms our commitment to driving technological advancements that make a meaningful difference, and we look forward to further strengthening our presence in the healthcare market."

The Company also noted that the client is expected to deploy RAD Light My Way™, once the RIO units are deployed. RAD Light My Way is an integrated mobile app and hardware solution that empowers users by placing the control of their safety and security firmly in their own hands. With RAD Light My Way, users gain instant access to emergency services, real-time threat detection, and the ability to summon assistance swiftly through nearby RAD devices.

Sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations, and construction sites across the country.

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 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 these tremendous cost 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.

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 is the ticker symbol for Artificial Intelligence Technology Solutions, Inc.?

The ticker symbol for Artificial Intelligence Technology Solutions, Inc. is AITX.

What type of order did Robotic Assistance Devices, Inc. secure from the healthcare provider?

Robotic Assistance Devices, Inc. secured an initial order for multiple units of their RIO 360 solar-powered security towers.

What is RAD Light My Way?

RAD Light My Way is an integrated mobile app and hardware solution that provides users with access to emergency services, real-time threat detection, and the ability to summon assistance swiftly through nearby RAD devices.

Who is the CEO/CTO of AITX and RAD?

Steve Reinharz is the CEO/CTO of AITX and RAD.