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AITX's RAD Sales Announcement Shows Further Solar Farm Market Penetration

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Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (OTCPK:AITX), has received an order for 6 devices from a major solar farm operator. The order includes 2 stationary ROSA™ units and 4 portable RIO™ 360 solar-powered security towers. This marks RAD's second major client in the solar farm industry, demonstrating growing recognition of its technology. The devices will enhance security measures and safeguard high-value assets in solar farms.

RAD's President, Mark Folmer, highlighted the accelerating investment in their technology by the solar farm industry. Troy McCanna, RAD's Chief Security Officer, emphasized the cost-effectiveness and reliability of their units compared to human guarding for vast solar farm properties. As of August 2024, there are over 7,120 solar farm projects in the United States, indicating strong growth in the sector.

Robotic Assistance Devices (RAD), una sussidiaria di Artificial Intelligence Technology Solutions (OTCPK:AITX), ha ricevuto un ordine per 6 dispositivi da un importante operatore di parchi solari. L'ordine comprende 2 unità stazionarie ROSA™ e 4 torri di sicurezza portatili RIO™ 360 alimentate a energia solare. Questo rappresenta il secondo importante cliente di RAD nel settore dei parchi solari, dimostrando un crescente riconoscimento della sua tecnologia. I dispositivi miglioreranno le misure di sicurezza e proteggeranno beni di alto valore nei parchi solari.

Il presidente di RAD, Mark Folmer, ha sottolineato l'accelerazione degli investimenti nella loro tecnologia da parte dell'industria dei parchi solari. Troy McCanna, Chief Security Officer di RAD, ha messo in evidenza il rapporto costi-efficacia e l'affidabilità delle loro unità rispetto alla sorveglianza umana per vaste proprietà di parchi solari. A partire da agosto 2024, ci sono oltre 7.120 progetti di parchi solari negli Stati Uniti, indicando una forte crescita nel settore.

Robotic Assistance Devices (RAD), una subsidiaria de Artificial Intelligence Technology Solutions (OTCPK:AITX), ha recibido un pedido de 6 dispositivos de un importante operador de granjas solares. El pedido incluye 2 unidades fijas ROSA™ y 4 torres de seguridad portátiles RIO™ 360 alimentadas con energía solar. Este es el segundo gran cliente de RAD en la industria de granjas solares, lo que demuestra un creciente reconocimiento de su tecnología. Los dispositivos mejorarán las medidas de seguridad y protegerán activos de alto valor en las granjas solares.

El presidente de RAD, Mark Folmer, destacó la aceleración de la inversión en su tecnología por parte de la industria de granjas solares. Troy McCanna, Director de Seguridad de RAD, enfatizó la rentabilidad y fiabilidad de sus unidades en comparación con la vigilancia humana para vastos terrenos de granjas solares. A partir de agosto de 2024, hay más de 7,120 proyectos de granjas solares en los Estados Unidos, lo que indica un fuerte crecimiento en el sector.

로봇 지원 장치 (RAD)인공지능 기술 솔루션 (OTCPK:AITX)의 자회사로, 주요 태양광 발전소 운영자로부터 6개의 장치 주문을 받았습니다. 주문에는 2개의 고정형 ROSA™ 장치와 4개의 휴대용 RIO™ 360 태양광 보안 타워가 포함되어 있습니다. 이는 RAD의 태양광 산업에서 두 번째 주요 클라이언트로, 기술에 대한 인식이 높아지고 있음을 보여줍니다. 이 장치들은 보안 조치를 강화하고 태양광 발전소 내 고가 자산을 보호할 것입니다.

RAD의 사장인 Mark Folmer는 태양광 산업에서 그들의 기술에 대한 투자 속도가 빨라지고 있음을 강조했습니다. RAD의 최고 보안 책임자인 Troy McCanna는 광대한 태양광 발전소에 대해 인간 경비와 비교할 때 그들의 장치의 비용 효율성과 신뢰성을 강조했습니다. 2024년 8월 현재, 미국에는 7,120개 이상의 태양광 발전소 프로젝트가 있어 이 분야의 강력한 성장을 나타냅니다.

Robotic Assistance Devices (RAD), une filiale de Artificial Intelligence Technology Solutions (OTCPK:AITX), a reçu une commande de 6 dispositifs d'un important opérateur de parc solaire. La commande comprend 2 unités stationnaires ROSA™ et 4 tours de sécurité portables RIO™ 360 alimentées par l'énergie solaire. Cela marque le deuxième grand client de RAD dans l'industrie des parcs solaires, démontrant une reconnaissance croissante de sa technologie. Les dispositifs amélioreront les mesures de sécurité et protégeront des actifs de grande valeur dans les parcs solaires.

Le président de RAD, Mark Folmer, a souligné l'accélération des investissements dans leur technologie par l'industrie des parcs solaires. Troy McCanna, responsable de la sécurité de RAD, a souligné la rentabilité et la fiabilité de leurs unités par rapport à la surveillance humaine pour de vastes propriétés de parcs solaires. En août 2024, il y a plus de 7 120 projets de parcs solaires aux États-Unis, ce qui indique une forte croissance dans le secteur.

Robotic Assistance Devices (RAD), eine Tochtergesellschaft von Artificial Intelligence Technology Solutions (OTCPK:AITX), hat eine Bestellung über 6 Geräte von einem großen Betreiber von Solarparks erhalten. Die Bestellung umfasst 2 stationäre ROSA™-Einheiten und 4 tragbare RIO™ 360 solarbetriebene Sicherheitstürme. Dies markiert RADs zweiten großen Kunden in der Solarparkbranche und zeigt das wachsende Interesse an seiner Technologie. Die Geräte werden die Sicherheitsmaßnahmen verbessern und wertvolle Vermögenswerte in Solarparks schützen.

Der Präsident von RAD, Mark Folmer, hob die beschleunigte Investition der Solarparkbranche in ihre Technologie hervor. Troy McCanna, Chief Security Officer von RAD, betonte die Kosten- und Effizienz der Einheiten im Vergleich zum menschlichen Wachdienst für große Solarparkflächen. Im August 2024 gibt es in den Vereinigten Staaten über 7.120 Solarparkprojekte, was auf ein starkes Wachstum in diesem Sektor hinweist.

Positive
  • Received order for 6 devices from a major solar farm operator
  • Second major client in the solar farm industry, indicating market penetration
  • Potential for significant cost savings compared to human guarding
  • Growing recognition of RAD's technology in the solar farm sector
  • Large market opportunity with over 7,120 solar farm projects in the US
Negative
  • None.

Multiple ROSA and RIO Order Increases Momentum in this Market

Detroit, Michigan, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), has received an order for 6 devices, specifically 2 stationary ROSA™ units and 4 portable RIO™ 360 solar-powered security towers. The client for these initial 6 devices is a major operator in the solar farm industry. A solar farm is a large-scale installation of solar panels designed to capture sunlight and convert it into electricity. The specifics of the order, including the client and dealer involved, have not been revealed, citing confidentiality agreements between the parties involved.

This announcement highlights RAD's expanding footprint in the solar farm market, emphasizing the increasing demand for its cutting-edge security solutions within this sector. This order, marking RAD's second major client in the solar farm industry, demonstrates the growing recognition of RAD's technology by operators. By deploying multiple RAD devices, such as RIO 360, solar farm operators can significantly enhance their security measures, safeguarding their high-value assets and ensuring the continuous, reliable operation of their facilities.

“The solar farm industry’s accelerating investment in RAD's technology is a testament to the value we bring in enhancing security and operational reliability,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “Securing another large client in this industry is incredibly rewarding for us. We are thrilled to strengthen our presence in the solar farm market and look forward to making a significant impact on the security and efficiency of these critical infrastructures.”

Solar farms face unique security challenges, including theft and vandalism of high-value equipment like solar panels and copper wiring, unauthorized entry due to their large and remote locations, and the need for robust surveillance and monitoring systems to detect and respond to threats promptly.

“Securing these vast solar farm properties is a critical task, given the high value of the equipment and the remote locations,” said Troy McCanna, Chief Security Officer of RAD. “Human guarding of such expansive areas would be prohibitively expensive and inefficient. Our ROSA and RIO units provide a cost-effective and highly reliable alternative, ensuring that these properties are well-protected without the need for extensive human resources. This allows solar farm operators to focus on their core mission of generating clean energy while we handle their security needs.”

As of August 2024, there are more than 7,120 solar farm projects in the United States that are either operating, under construction, or under development.1 These figures indicate strong ongoing investment and growth in the solar energy sector, reflecting the increasing role of solar power in the U.S. energy landscape.

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 six Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at retail centers, 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


1 https://www.seia.org/research-resources/major-solar-projects-list


FAQ

What devices did RAD receive an order for in the solar farm market?

RAD received an order for 6 devices, specifically 2 stationary ROSA™ units and 4 portable RIO™ 360 solar-powered security towers, from a major solar farm operator.

How does this order impact AITX's presence in the solar farm industry?

This order marks AITX's second major client in the solar farm industry, demonstrating growing recognition of RAD's technology and expanding their footprint in this market sector.

What are the benefits of using RAD's devices in solar farms?

RAD's devices enhance security measures, safeguard high-value assets, and provide a cost-effective and reliable alternative to human guarding for vast solar farm properties.

How many solar farm projects are there in the United States as of August 2024?

As of August 2024, there are more than 7,120 solar farm projects in the United States that are either operating, under construction, or under development.

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