Robotic Assistance Devices Announces Updated Board of Advisors

Rhea-AI Summary

Artificial Intelligence Technology Solutions, Inc. (AITX) announced an updated Board of Advisors for its subsidiary, Robotic Assistance Devices (RAD). The restructured Board includes 28 experts from security, law enforcement, and technology sectors. Under Chairman Jeffrey Slotnick, the Board aims to enhance RAD's strategic direction and market penetration, facilitating growth and operational advice. The inaugural meeting is set for early October. AITX is known for its AI-driven solutions that reduce security costs while improving effectiveness across various industries.

Positive

• Updated Board of Advisors consists of 28 industry experts which can enhance company direction.
• New Chairman Slotnick aims to leverage advisors for market penetration and operational guidance.

Negative

• None.

HENDERSON, Nev.--(BUSINESS WIRE)-- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD) has revised its Board of Advisors. In July 2021, the company announced that Jeffrey Slotnick, CPP, PSP, had been appointed as Chairman of the company’s Board of Advisors.

Robotic Assistance Devices Announces Updated Board of Advisors Consisting of Security Industry, Tech Startup and Finance Leaders (Photo: Business Wire)

“One of Jeff’s first assignments as Chairman of the Board of Advisors was to evaluate the existing Board and recommend additional members that would contribute to RAD’s future objectives,” said Steve Reinharz, CEO of AITX and RAD. The company’s new Board of Advisors is a diverse group of 28 security, law enforcement and technology experts that will help guide the company’s direction in a variety of ways. “I’m so pleased with this roster of advisors. Each member will bring their experiences, vision and their influence to the table,” Reinharz added.

“We have great plans on how to fully utilize this amazing group of RAD influencers and industry leaders,” said Jeffrey Slotnick, CPP, PSP, Chairman of the RAD Board of Advisors. “We anticipate having committees and teams of Board members looking at penetrating new markets for RAD solutions, leveraging their social networks, plus advising RAD leadership on day-to-day operations as the company continues its rapid growth,” Slotnick concluded.

“Refreshing our Advisors group with Jeff at the helm should give RAD advantages in thought leadership, market penetration and general corporate feedback,” said Mark Folmer, President of RAD. “The caliber of personnel, and their collective rich experiences, speaks so highly about the future of RAD. With this group of advisors and the existing RAD team, the conquering strategy is in place, all that’s left is excellent execution.”

The company confirmed that the first Board of Advisors meeting will be held in early October. The entire RAD Board of Advisors can be reviewed online at https://roboticassistancedevices.com/rad-board-of-advisors/

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 the 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.

Follow Steve Reinharz on Twitter @SteveReinharz for future RAD and AITX updates.

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 and www.roboticassistancedevices.com, or follow Steve Reinharz on Twitter @SteveReinharz.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210927005231/en/

Steve Reinharz

949-636-7060

@SteveReinharz

Source: Artificial Intelligence Technology Solutions, Inc.

FAQ

What recent changes occurred in AITX's Board of Advisors?

AITX announced an updated Board of Advisors for its subsidiary, RAD, which now includes 28 industry experts.

Who is the Chairman of the revised Board of Advisors for AITX?

Jeffrey Slotnick has been appointed as the Chairman of the Board of Advisors for AITX's subsidiary, RAD.

When will the first meeting of AITX's Board of Advisors take place?

The first meeting of the updated Board of Advisors is scheduled for early October.

How many members are in the updated Board of Advisors for RAD?

The updated Board of Advisors for RAD consists of 28 members.

What is the focus of RAD's updated Board of Advisors?

The focus includes strategic guidance, market penetration, and operational advice to support RAD's growth.