STOCK TITAN

Major US Airport Authority Contracts with RAD for 6-Units

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Artificial Intelligence Technology Solutions announced a 6-unit order of ROSA180 units from a major US airport authority, enhancing its presence in the security sector. The ROSA180 units offer AI-driven security analytics and can be deployed rapidly. CEO Steve Reinharz expressed excitement over the deal, which could lead to further opportunities in airports worldwide, potentially impacting over 350 million passengers annually. This order is expected to bolster RAD's standing as a provider of innovative security solutions, catering to organizations aiming to enhance security while cutting costs.

Positive
  • Received a 6-unit order from a major US airport authority, indicating strong demand for RAD's products.
  • Potential for expanded deployments at airports globally, enhancing growth prospects.
  • ROSA180 units feature advanced AI-driven security analytics, increasing the attractiveness of the offerings.
Negative
  • None.

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, today announced that its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD) has received a 6-unit order from a direct client. Although not disclosed, the end-user for these 6 ROSA180 units is a major US airport authority that owns and operates more than one airport.

“We're going to deliver great value to this highly visible client. This order from this major airport authority is very exciting for us,” said Steve Reinharz, CEO of RAD. According to AeroWeb, the Top 10 U.S. airports accommodate over 350 million passengers annually. “The success of this deployment will likely blow open the doors for similar opportunities at airports around the globe,” Reinharz added.

ROSA180 (Responsive Observation Security Agent) is a compact, self-contained, 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. ROSA180’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 response library. Two-way communication is optimized for cellular, including live video from ROSA180’s dual high-resolution, full-color, always-on cameras. The airport authority is expected to deploy the 6 ROSA180 units to perform enhanced detection and deterrence of trespassers and other unauthorized intruders to parking garages and other secure areas.

“It’s very rewarding to see how major organizations are embracing RAD solutions as they seek to enhance their security profile, while at the same time reducing their costs. And RAD helps them get there,” Reinharz concluded.

Follow Steve Reinharz on Twitter @SteveReinharz for AITX updates.

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 of design elements, performance, quality and the user’s experience of all security robots whether SCOT™, ROSA180™, Wally™, Wally HSO™, AVA™, or ROAMEO™. 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 and RAD-M 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 and www.roboticassistancedevices.com, or follow Steve Reinharz on Twitter @SteveReinharz.

FAQ

What is the significance of AITX's recent order for ROSA180 units?

AITX's recent order for 6 ROSA180 units marks a significant contract with a major airport authority, highlighting the company's growing presence in the security sector.

How many passengers do the top US airports accommodate annually?

The top 10 US airports accommodate over 350 million passengers annually, indicating a substantial market for security solutions.

What capabilities do the ROSA180 units offer?

ROSA180 units provide AI-driven security analytics, including human and vehicle detection, license plate recognition, and real-time communication.

Who expressed excitement about the new airport contract at AITX?

Steve Reinharz, CEO of Robotic Assistance Devices, expressed excitement regarding the new contract with the airport authority.

What potential market impact does the airport contract have for AITX?

The airport contract could open doors to similar opportunities in airports worldwide, potentially enhancing AITX's growth and revenue.

ARTIFICIAL INTL SLTNS

OTC:AITX

AITX Rankings

AITX Latest News

AITX Stock Data

40.50M
11.91B
0%
Computer Hardware
Technology
Link
United States of America
Ferndale