AITX's Subsidiary Robotic Assistance Devices Signs First UK Authorized Dealer
Artificial Intelligence Technology Solutions (OTCPK: AITX) announced the signing of its first authorized dealer in the UK for its ROSA security robot. This order marks RAD's expansion into a new market, reflecting strong market similarities between the UK and North America. The dealer network now includes 40 dealers across the US, Canada, the UK, and the EU. CEO Steve Reinharz highlights the potential for significant growth in the European market, paralleling the size of the US market. The company aims to list on the OTCQB following its upcoming 10-K filing.
- New dealer contract in the UK for ROSA security robot enhances market reach.
- Expansion of dealer network to 40, increasing visibility in the US, Canada, UK, and EU markets.
- CEO emphasizes strong growth potential in European markets.
- None.
RAD Picks Up ROSA Security Robot Order, Starts Building Sales Funnel
Detroit, Michigan, May 18, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has signed its first authorized dealer in the United Kingdom and has received an order for a ROSA security robot. Additional details, including the name of the new dealer will be released in the future.
“Market similarities between the UK and North America make our solutions a natural fit in that market,” said Mark Folmer, President of RAD. “I’ve had strong relationships with leaders in the UK’s security industry for years, and I’m thrilled that there will now be a qualified dealer bringing RAD solutions to this large and vibrant market.”
With the addition of the new authorized dealer, RAD’s dealer network has expanded to 40, covering the US, Canada, the United Kingdom, and the European Union.
"It’s important that we continue to build a global network of dedicated RAD dealers. This UK addition is a great step forward for RAD. Having a qualified base of dealers is essential as we aim to deliver tens of thousands of units in addition to innovative software solutions such as RAD Light My Way over the next many years,” said Steve Reinharz, CEO of AITX. “This dealer has great a great reputation and tremendous clients that we expect will embrace RAD solutions.”
Reinharz is returning from 2022 IFSEC International, Europe’s premier security trade show. “Companies throughout Europe are yearning for solutions that RAD offers, performance at a lower cost. They’re struggling with the same human resource issues soaring manpower costs that the US and Canada are experiencing. We will continue to build a base of qualified European dealers as we see that market almost the same size as the US,” Reinharz concluded.
RAD’s parent company AITX intends to file for listing on the OTCQB within 10 days of filing its YE2022 10-K which is expected in May.
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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