AITX's Subsidiary Robotic Assistance Devices Signs New Dealers, Receives Multiple ROSA Orders

Rhea-AI Summary

Artificial Intelligence Technology Solutions (OTCPK: AITX) has expanded its dealer network by signing two new authorized dealers in Tallahassee, Florida and Corpus Christi, Texas. These dealers have already placed orders for two ROSA security robots. RAD's network now includes 46 dealers across the US, Canada, the UK, and the EU. CEO Steve Reinharz expressed optimism, citing enhanced sales opportunities due to increased dealer presence. Furthermore, AITX has filed for uplisting to the OTCQB.

Positive

• Expansion of dealer network to 46, enhancing market reach.
• Immediate orders for two ROSA security robots from new dealers.
• Positive customer engagement with strong regional dealers.
• Recent technology upgrades to ROSA, including firearm detection, may boost sales.

Negative

• None.

Detroit, Michigan, July 21, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has signed two new authorized dealers, and has received orders for two ROSA security robots from these new dealers. The new dealers are located in Tallahassee, Florida and Corpus Christi, Texas.

“These strong regional security dealers actively sought us out, eager to get moving with RAD,” said Mark Folmer, President of RAD. “One dealer came to us via our website recently, the other we inked at a regional conference. Plus, we’ve got many more in the sales funnel, all with great opportunities that only RAD can satisfy.”

“Every time we add a new dealer, we immediately gain new feet on the ground, showing RAD solutions to clients,” said Steve Reinharz, CEO of AITX and RAD. “They typically take a ROSA as a demo unit with several clients in mind, and in need. ROSA is so easy to install and activate, and immediately goes into action. And with the latest developments we have added recently, like firearm detection, demonstrations are truly mesmerizing. We expect great sales opportunities and success with these new dealers.” Reinharz added.

With the addition of these new authorized dealers, RAD’s dealer network has expanded to 46, covering the US, Canada, the United Kingdom, and the European Union.

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^™, 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. 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 recent developments did AITX announce?

AITX announced the signing of two new authorized dealers and received orders for two ROSA security robots.

Where are the new AITX dealers located?

The new dealers are located in Tallahassee, Florida, and Corpus Christi, Texas.

How many dealers are in the RAD network after the recent expansion?

After the expansion, RAD's dealer network has grown to 46 dealers.

What are ROSA security robots known for?

ROSA robots are compact, portable security solutions that can be deployed quickly and include advanced features like AI-driven analytics.

Has AITX applied for any stock market listing?

Yes, AITX has filed for uplisting to the OTCQB.