Robotic Assistance Devices Reaches Milestone with One-Hundredth ROSA Unit Shipped

Rhea-AI Summary

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced the shipment of its one-hundredth ROSA device by its subsidiary, Robotic Assistance Devices Inc. (RAD). CEO Steve Reinharz expressed satisfaction with the exponential growth in ROSA's demand, attributing it to relocating production to Detroit. The company plans to unveil the RAD 3.0 lineup next month, featuring a reengineered ROSA180 with improved functionalities. RAD's AI-driven solutions, including human detection and live video streaming, are aimed at reducing security costs for enterprise clients.

Positive

• Achieved milestone of shipping 100 ROSA devices.
• Increased demand for ROSA attributed to relocation of production to Detroit.
• Planned launch of RAD 3.0 with enhanced functionalities and design.

Negative

• None.

HENDERSON, Nev.--(BUSINESS WIRE)-- 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 shipped its one-hundredth ROSA device.

RAD CEO, Steve Reinharz (back row left) poses with the REX (RAD Excellence Center) production team along with members of the R&D group and administrative staff to commemorate the 100th ROSA unit shipment. (Photo: Business Wire)

“I’m very happy with the rapid success we’ve seen with ROSA,” said Steve Reinharz, CEO of RAD. “Moving our production capabilities to Detroit has proven to be a great move for RAD. Our exceptional production team can now keep up with the increasing demand for ROSA. And next month we will unveil the fruits of our expanded engineering efforts when we introduce ‘RAD 3.0’. The RAD 3.0 lineup includes a totally reengineered ROSA180, with even greater functionality and a gorgeous new design,” Reinharz added.

According to the company, ROSA was developed as a way to package the capabilities and performance of the popular SCOT device into a smaller and more affordable form factor. RAD’s recently announced 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. RAD recently published two Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country.

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.

Follow Steve Reinharz on Twitter @SteveReinharz for future AITX and RAD 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/20210901005376/en/

Investor Relations Contact

The Waypoint Refinery, LLC

845-397-2956

www.thewaypointrefinery.com

Steve Reinharz

949-636-7060

@SteveReinharz

Source: Artificial Intelligence Technology Solutions, Inc.

FAQ

What recent milestone did AITX achieve?

AITX announced the shipment of its one-hundredth ROSA device.

What is the significance of ROSA's production relocation?

The relocation to Detroit has boosted production capabilities to meet rising demand.

What new product is AITX planning to launch?

AITX is set to unveil the RAD 3.0 lineup next month, including the reengineered ROSA180.

How does ROSA180 enhance security solutions?

ROSA180 includes AI-driven functionalities such as human detection and live video streaming.