Robotic Assistance Devices Kicks Off RADCON 2021

Rhea-AI Summary

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced the launch of RADCON 2021, its first global sales and marketing conference, at the RAD Excellence Center in Detroit. CEO Steve Reinharz emphasized the significance of this event, noting RAD's exponential growth during a 15-month remote operation. The recently operational REX manufacturing plant will enhance production capabilities. The conference will focus on strategies to achieve their 'Road to 500' goal, aiming for 500 unit deployments by March next year.

Positive

• Launch of RADCON 2021 sales and marketing conference indicating growth strategy.
• REX manufacturing facility is fully operational, enhancing production capabilities.
• Defined 'Road to 500' goal for deploying 500 units by March next year.

Negative

• None.

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) has launched RADCON 2021, the company’s first global sales and marketing conference. The event is taking place at RAD’s new manufacturing facility REX (RAD Excellence Center) in the metro Detroit area.

“This is a momentous day for RAD,” said Steve Reinharz, founder and CEO of RAD. “For the past 15 months, the company has been running remotely while growing exponentially. It’s a great pleasure to assemble critical parts of the RAD team in one room and talk through the strategies and tactics that will further accelerate our growth,” Reinharz added.

The company confirmed that the REX manufacturing plant is now fully operational, having recently transferred most production of its stationary robot devices to the much larger Detroit facility. “Not only is RADCON a chance for us to finally see our team members face to face, it’s also the first time many of us have had an opportunity to touch RAD devices like SCOT, Wally and ROAMEO,” said Mark Folmer, COO of RAD. “ROAMEO is an incredible achievement!” Folmer exclaimed.

Reinharz commented that RADCON will run through Wednesday afternoon, with a packed agenda covering everything RAD from detailed product demonstrations to breakout sessions reviewing the company’s ‘Road to 500’ goal. “This is an all-star sales and marketing team, everything action we take gets us closer to the target of 500 units deployed by March of next year,” Reinharz added.

The company also stated that a few non-RAD employees were in attendance at RADCON 2021 and that additional announcements would be expected in the coming days.

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 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/20210628005260/en/

FAQ

What is RADCON 2021 and when is it taking place?

RADCON 2021 is Artificial Intelligence Technology Solutions' first global sales and marketing conference, taking place now at the RAD Excellence Center in Detroit.

What is the goal of AITX's RAD division?

AITX's RAD division aims to deploy 500 units by March next year as part of their 'Road to 500' initiative.

Where is the REX manufacturing facility located?

The REX manufacturing facility is located in the metro Detroit area and is now fully operational.

Who commented on the significance of RADCON 2021?

Steve Reinharz, the founder and CEO of RAD, commented on the significance of the RADCON 2021 event.

What products are featured at RADCON 2021?

Products featured include RAD devices like SCOT, Wally, and ROAMEO, which attendees had the opportunity to interact with.