AITX's Subsidiary Robotic Assistance Devices Receives 3-Unit ROSA Order

Rhea-AI Summary

Artificial Intelligence Technology Solutions (OTCPK:AITX) announced an order for 3 ROSA security robots from a major software firm with over 25 U.S. offices. These robots will autonomously detect and deter property intrusions, offering clients potential savings of up to 90% in the first year. AITX's subsidiary, Robotic Assistance Devices (RAD), is experiencing increased demand, with multiple orders expected weekly. The company is also pursuing uplisting to OTCQB, with future updates anticipated on this initiative.

Positive

• Order for 3 ROSA security robots reflects demand from a global software leader.
• Potential savings of up to 90% in the first year for clients deploying ROSA robots.
• RAD's growing sales funnel indicates strong market interest and multiple orders expected weekly.
• Plans for uplisting to OTCQB could enhance visibility and trading liquidity.

Negative

• None.

Detroit, Michigan, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has received an order for 3 ROSA security robots from one of its dealer channel partners.

The 3 ROSAs will be deployed at a new end-user, a global leader in software with over 25 offices in the US. RAD’s ROSA has been well received for its autonomous ability to detect and deter instances of trespassing and other property intrusions without the need for manned guarding assistance. All 3 ROSAs will be deployed at one of the end-user’s locations.

“The RAD sales funnel continues to flow with highly-respected corporate clients choosing to embrace RAD,” said Mark Folmer, President of RAD. “RAD’s dealer network is busier than ever as the industry’s initial need for our solutions increases in momentum.”

“Multiple orders per week reflect progress against our expectations for August and September,” said Steve Reinharz, CEO of AITX. “We’re keeping the focus and working to sustain this level of order intake as we work towards moving from multiple orders per week to one day when we hope to regularly get multiple orders per day.”

By deploying RAD solutions like ROSA, end-user clients can expect to realize a savings of up to 90% in the first year, and over 95% in subsequent years, when compared to a one robot-to-one manned guarding alternative performing the same property detect, analyze and autonomously responding types of tasks.

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 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^™, 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.

###

Steve Reinharz
949-636-7060
@SteveReinharz

Attachment

• Artificial Intelligence Technology Solutions, Inc.

FAQ

What is the significance of the recent order for 3 ROSA robots by AITX?

The order signifies increasing demand for AITX's security solutions from established corporate clients, enhancing revenue potential.

How much can clients save by deploying ROSA security robots?

Clients can save up to 90% in the first year compared to traditional manned guarding services.

What are AITX's plans regarding OTCQB uplisting?

AITX has initiated a filing process for uplisting to OTCQB, which aims to improve the company's visibility and trading profile.

What market trends are impacting AITX's sales growth?

Increased security needs and the capabilities of RAD's solutions are driving significant interest and order inflow.