AITX's Subsidiary Robotic Assistance Devices Introduces RIO, a Portable Solar-Powered Security Solution

Rhea-AI Summary

Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) announced its subsidiary, Robotic Assistance Devices (RAD), has launched RIO, a portable, solar-powered security solution. This product targets new markets, offering features like a ruggedized trailer and 180° field of view. RIO aims to capture a share of the solar-powered security trailer business, potentially enhancing RAD's recurring revenue. The launch follows a successful pre-order phase and will be officially showcased at the GSX conference in September. Pricing details are forthcoming.

Positive

• Launch of RIO, a portable, solar-powered security solution.
• Pre-order program indicates strong dealer and customer interest.
• Potential to significantly increase RAD's recurring monthly revenue.
• Designed for various market applications, including retail and construction.

Negative

• None.

RIO Takes RAD’s ROSA to New Heights and Into New Markets

Detroit, Michigan, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has introduced RIO^™, a portable, solar-powered security solution. RIO is the Company’s first product announced for a wider market sector, positioning RAD solutions outside of the traditional manned-guarding security industry.

RIO (ROSA Independent Observatory) continues the productization of RAD’s best-selling, multiple award-winning security robot known as ROSA. RIO consists of a single ROSA 3.1 unit mounted atop a solar-powered portable trailer, with the option of adding a second ROSA unit.

The Company has been conducting a pre-order program for RIO through its dealer channel and to select end-users. This pre-order program will run through mid-September and RAD expects to report pre-order activity in the coming weeks.

“RIO is possibly our most exciting product announcement to date,” said Steve Reinharz, CEO of AITX and RAD. “Over the years, and at the cost of millions of dollars in R&D and engineering, RAD has developed a wealth of proprietary technology. That RAD technology is now being directed into new markets, which until today have been settling for legacy solutions from a multitude of suppliers, who’ve pieced together commodity components, delivering poor performance and even weaker returns on investment. RIO is poised to be a game-changer at big-box retailers, construction sites, hospital campuses, entertainment venues and so many more vertical markets,” Reinharz added.

RIO has been designed with portability and round-the-clock performance in mind. At its base stands a ruggedized portable trailer positioning the unit’s two solar panels and housing the device’s high-performance batteries and control systems. RIO’s retractable mast extends nearly 20’ where a single ROSA is mounted providing an ideally positioned 180^° field of view. To achieve a 360^° field of view, a ROSA-Expander unit is also available.

“The RAD dealer channel is excited about RIO,” said Mark Folmer, President at RAD. “RIO gives RAD dealers a lower-cost, higher-margin, higher-volume solution to offer their clients. We privately introduced RIO to our network of dealers and have received overwhelming interest, plus we’re actively booking pre-orders. We expect the security industry’s response to be even greater when we officially present RIO at GSX in two weeks.” RAD will be exhibiting in booth #1650 at GSX in Atlanta at the Georgia World Congress Center, September 12^th through 14^th.

“If RIO captures just a modest market share of the existing and large solar-powered security trailer business, it could swiftly propel RAD’s recurring monthly revenue numbers to yet another new orbit. RIO is the solution that can get us there,” Reinharz concluded.

RAD offers several RIO monitoring options, including the monitoring services provided by RAD dealers, third-party remote monitoring service providers, as well as RAD’s exclusive RADSoC^™ cloud-based application, with desktop and mobile monitoring options. RIO, like all other RAD security robot solutions is cellular optimized for robust, near Wi-Fi quality connectivity, with cellular service included with the device’s subscription service.

Pricing has not been announced, for more information on RIO contact RAD at 877-787-6268 or visit radsecurity.com/rio

RAD’s parent company AITX has filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application.

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it includes all necessary communications hardware. 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 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^™, CASSIE^™, RIO^™, or RAD Light My Way^™. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto, and request a copy of the recently published ‘Navigating the New Economy: Jobs & Automation, Challenges & Opportunities’.

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. No information contained in this news release should be construed as any indication whatsoever of the Company's future stock price, revenues, or results of operations. Additionally, industry data provided herein is of no predictive value regarding the future sale of the Company’s products. 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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• Artificial Intelligence Technology Solutions, Inc.

FAQ

What is RIO and how does it function?

RIO is a portable, solar-powered security solution developed by RAD, featuring a ROSA unit on a trailer, designed for various market applications.

When will RAD officially showcase RIO?

RAD will officially present RIO at the GSX conference, taking place from September 12th to 14th in Atlanta.

What is the expected impact of RIO on RAD's revenue?

RIO is anticipated to significantly enhance RAD's recurring monthly revenue by capturing a market share of solar-powered security solutions.

What is the status of the pre-order program for RIO?

The pre-order program for RIO is ongoing through mid-September, with initial interest reported from dealers and select end-users.

What technology does RIO utilize?

RIO leverages RAD's proprietary technology, offering features like high-performance batteries, solar panels, and remote monitoring options.