Robotic Assistance Devices Appoints New Chief Financial Officer

Rhea-AI Summary

Artificial Intelligence Technology Solutions (OTCPK: AITX) announced the appointment of Anthony Brenz as Chief Financial Officer of its subsidiary, Robotic Assistance Devices (RAD). With 20 years of experience in finance and operations, Brenz is expected to contribute significantly to RAD's growth strategy and evaluation of uplisting options. RAD aims to enhance shareholder value through Brenz's expertise in corporate strategy and capital market transactions. He will oversee accounting, treasury, and financial planning within the company.

Positive

• Appointment of Anthony Brenz as CFO expected to enhance RAD's growth strategy.
• Brenz brings over 20 years of relevant experience to the team.
• Focus on building shareholder value and evaluating uplisting options.

Negative

• None.

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) has appointed Anthony Brenz to the newly created position of Chief Financial Officer.

"We are very excited to have Tony join RAD. He will be a close advisor to me and an important member of RAD's senior leadership team as we continue to expand and execute our growth strategy," said Steve Reinharz, President and CEO of RAD. "Tony’s experience with helping build shareholder value will be critical as we grow and evaluate uplisting options and timing, among many other functional contributions that we expect.”

Brenz is an accomplished senior financial and operational executive with over 20 years of experience leading multiple areas of finance and operations, including corporate strategy, procurement and supply chain, human resources, and customer service.

“It’s thrilling to join RAD as it continues to increase its momentum,” said Brenz. “RAD has exceptional technology, an amazing team, a strong business model and a solid history, and I look forward to working with the team to execute on the company’s priorities, accelerate growth and enhance value for shareholders and all stakeholders.”

Brenz also brings to the company experience in team building and leading complex capital market transactions, M&A and joint ventures, as well as leadership of cross-functional business initiatives. Most recently, Brenz served as Vice President & Director of a $200M subsidiary of a publicly-traded, automotive supplier. Prior to that role, he held various financial positions including Chief Financial Officer & Vice President of Finance at Thomson Aerospace & Defense and Vice President & Director of Finance at MB Aerospace Holdings Inc.

As CFO, Brenz will lead RAD’s financial organization and will be responsible for accounting, treasury, financial planning and analysis, tax, and investor relations in addition to participation in various AITX duties and strategies.

Follow Steve Reinharz on Twitter @SteveReinharz for AITX updates.

Robotic Assistance Devices, Inc. (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™, ROSA™, 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 { "@context": "https://schema.org", "@type": "FAQPage", "name": "Robotic Assistance Devices Appoints New Chief Financial Officer FAQs", "mainEntity": [ { "@type": "Question", "name": "Who is Anthony Brenz and what role has he taken at AITX?", "acceptedAnswer": { "@type": "Answer", "text": "Anthony Brenz has been appointed as the Chief Financial Officer of Robotic Assistance Devices, a subsidiary of AITX." } }, { "@type": "Question", "name": "What experience does Anthony Brenz bring to AITX?", "acceptedAnswer": { "@type": "Answer", "text": "Brenz has over 20 years of experience in finance and operations, including roles in corporate strategy and capital market transactions." } }, { "@type": "Question", "name": "What are the main responsibilities of the CFO at AITX?", "acceptedAnswer": { "@type": "Answer", "text": "As CFO, Brenz will oversee accounting, treasury, financial planning and analysis, tax, and investor relations." } }, { "@type": "Question", "name": "How does AITX view Anthony Brenz's appointment?", "acceptedAnswer": { "@type": "Answer", "text": "The company views Brenz's appointment as critical for executing growth strategies and enhancing shareholder value." } } ] }

FAQ

Who is Anthony Brenz and what role has he taken at AITX?

Anthony Brenz has been appointed as the Chief Financial Officer of Robotic Assistance Devices, a subsidiary of AITX.

What experience does Anthony Brenz bring to AITX?

Brenz has over 20 years of experience in finance and operations, including roles in corporate strategy and capital market transactions.

What are the main responsibilities of the CFO at AITX?

As CFO, Brenz will oversee accounting, treasury, financial planning and analysis, tax, and investor relations.

How does AITX view Anthony Brenz's appointment?

The company views Brenz's appointment as critical for executing growth strategies and enhancing shareholder value.