Robotic Assistance Devices Announces Dealer Agreement with BSN Security, LLC

Rhea-AI Summary

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), has signed a dealer agreement with BSN Security LLC, Arizona’s largest family-owned security firm. This partnership enables BSN Security to offer RAD's autonomous security solutions, addressing increasing theft in construction sites. Specific financial details of the agreement were not disclosed, but BSN Security anticipates immediate orders for RAD's products. Notably, RAD's ROSA180 unit is gaining traction for its cost-effectiveness and rapid deployment capabilities.

Positive

• Partnership with BSN Security, expanding RAD's market reach.
• Potential for immediate orders from construction companies, addressing theft issues.
• ROSA180 unit gaining market acceptance due to low-cost and high-performance.

Negative

• None.

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), which provides AI-driven security and productivity solutions for enterprise clients, today announced that its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD) has signed BSN Security LLC as an authorized dealer. BSN Security is Arizona’s largest locally-owned and family-operated security firm. Through this agreement, BSN Security will expand its offering to include all of RAD’s autonomous remote security solutions.

“We are excited to bring to our clients and prospects RAD’s incredible line up of security solutions,” said Brad Zellers, President of BSN Security, LLC. “Many of our clients are experiencing the issues that RAD devices are known to help deter and eliminate. We’re confident that RAD will be a hit with our clients,” Zellers concluded. Zellers indicated that the company anticipates several immediate orders from Arizona-based construction companies presently struggling with an increase in theft and trespassing on their construction sites.

“We’re pleased to welcome BSN Security to the RAD dealer network,” said Steve Reinharz, CEO of RAD. “RAD continues to add strong regional dealers like BSN Security that have the ability to immediately showcase RAD solutions to their clients and prospects. We look forward to securing the great opportunities that BSN will be bringing to the RAD table.”

Specifics of the dealer agreement were not disclosed, but the companies confirmed that the agreement covers all RAD security devices, mobile and stationary, including the popular ROSA180 unit. ROSA180 is experiencing an acceleration in market acceptance due to its low-cost and high-performance in expanding any facility’s security operations. ROSA180 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.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210804005402/en/

FAQ

What is the significance of the partnership between AITX and BSN Security?

The partnership allows BSN Security to offer RAD's autonomous security solutions, enhancing AITX's market presence.

What products will BSN Security offer from AITX?

BSN Security will offer all RAD security devices, including the popular ROSA180 unit.

How is ROSA180 impacting AITX's business?

ROSA180 is experiencing increased market acceptance due to its cost-effectiveness and quick deployment.

What market demand is driving the partnership between AITX and BSN Security?

There is a rising demand from construction companies to deter theft and trespassing.

What does the partnership mean for AITX shareholders?

The partnership could lead to increased sales and market share, potentially benefiting shareholders.