AITX's Subsidiary Robotic Assistance Devices Expects Large Orders from Global Small Box Retailer and Second Casino Operator
Artificial Intelligence Technology Solutions (AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), is awaiting final approval for two significant orders. The initial deployment will involve 8 ROSA units as a pilot program at a major retailer, with potential expansion to thousands of locations. Additionally, RAD is in discussions with a casino operator for an order of 20 ROSA units and one SCOT. RAD Light My Way has recently won two awards, reflecting its innovative safety solutions. AITX plans to file for OTCQB listing within 10 days of its YE2022 10-K filing.
- Awaiting final approval for two substantial orders.
- Initial deployment of 8 ROSAs at major retailer's 2 locations.
- Potential for significant expansion with the retailer.
- Securing a deal with a casino operator for 20 ROSAs and one SCOT.
- RAD Light My Way received two Secure Campus 2022 Awards.
- None.
Detroit, Michigan, April 29, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) is awaiting final approval from a pair of significant pending orders. These 2 orders are expected after months of in-person meetings, trade show visits, site walks, and being fully vetted by the clients.
“Our sales team’s efforts looks like they’re about to pay off,” said Mark Folmer, President of RAD. “We’re ready to deploy our award-winning ROSA at this major retailer. They’ve got thousands of locations, many in tough neighborhoods. We’ve been in discussions with them for quite a while, but things moved quickly once they reviewed the data on how ROSA dramatically reduces, in some cases eliminated, trespassing and loitering.”
The Company commented that the retailer is expected to initially deploy 8 ROSAs as a pilot program at 2 of their locations.
“I’ve personally met with what we expect will be our second major casino operator,” said Steve Reinharz, CEO of AITX. “They have visited the REX on several occasions, it appears that their initial order will be for twenty ROSAs and one SCOT. Once deployed, RAD will have its first corporate placement of RAD Light My Way. The use case for this client is a perfect fit for RAD, plus they’re interested in promoting this unique safety solution to their guests.”
RAD Light My Way recently won 2 Secure Campus 2022 Awards from Campus Security & Life Safety Magazine. In October 2021 RAD Light My Way along with RAD's ROSA won CBRE’s 2021 Best Workplace Experience Solution Award.
RAD’s parent company AITX intends to file for listing on the OTCQB within 10 days of filing its YE2022 10-K.
ROSA is a compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human and 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 dual high-resolution, full-color, always-on cameras. RAD has published two Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country.
Robotic Assistance Devices (RAD) is a high-tech start-up that delivers robotics and artificial intelligence-based solutions that empower organizations to gain new insight, solve complex security challenges, and fuel new business ideas at reduced costs. RAD developed its advanced security robot technology from the ground up including circuit board design, and base code development. This allows RAD to have complete control over all design elements, performance, quality, and the user’s experience of all security robots whether SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, ROAMEO™, or RAD Light My Way™. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto.
CAUTIONARY DISCLOSURE ABOUT 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 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 news 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: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial goals including projections and forecasts, and other risks. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations.
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, stevereinharz.com, www.radsecurity.com 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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FAQ
What recent orders is AITX's RAD awaiting approval for?
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