Robotic Assistance Devices Receives Orders for 12 New Units

Rhea-AI Summary

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), has secured orders for twelve units from three clients. Deployments include the first RAD unit in Alaska and additional units for Midway Auto. A new property management client ordered eight ROSAs and one SCOT, with expectations for hundreds more deployments in the coming year. CEO Steve Reinharz highlighted the efficiency of their new business development managers in securing sales. Future announcements are expected to detail new deployments and high-profile client orders.

Positive

• Received orders for twelve RAD units from three clients.
• First RAD deployment in Alaska, showcasing product resilience.
• Midway Auto continues to expand, indicating client satisfaction.
• New client from property management sector ordered eight ROSAs and one SCOT, reflecting high market demand.

Negative

• None.

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received orders for twelve units from three clients.

One unit will be deployed at an engineering firm in Alaska, the first RAD unit in that state. RAD’s units are all weather and will work well even in Alaska’s harsh winters.

Midway Auto, who have already reordered units, added an order for two more units as they roll out ROSAs to all more locations.

A new client from the property management industry ordered eight ROSAs and one SCOT. This is considered a hot market for RAD with hundreds of more deployments expected.

“Two of the three sales came from two of our newer business development managers. It’s great to see how little time it took them to close work. I see that as a great sign as we plan to continue to expand our sales team”, said Steve Reinharz, CEO of AITX.

The company expects future press releases to describe deployments and orders with high profile clients.

RAD’s sales funnel includes opportunities for hundreds of units to be deployed within the next 12 months.

ROSA (Responsive Observation Security Agent) is a compact, self-contained, security and communication solution that can be deployed in as little as 15 minutes. Its AI-driven security systems 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 ROSA’s dual high-resolution, full-color, always-on cameras. RAD recently published a Case Study on how ROSA has helped eliminate instances of theft, trespassing and vagrancy at car rental locations in southern California.

Follow Steve Reinharz on Twitter @SteveReinharz for future RAD and 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™, 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 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/20210715005355/en/

FAQ

What recent orders did AITX's RAD subsidiary receive?

AITX's RAD received orders for twelve units from three clients.

Where will the first RAD unit be deployed?

The first RAD unit will be deployed at an engineering firm in Alaska.

What type of units did Midway Auto order?

Midway Auto ordered two additional RAD units, expanding their existing deployment.

What is the significance of the new client's order?

The new property management client ordered eight ROSAs and one SCOT, indicating strong demand in that market.

What future updates can investors expect from AITX?

Future releases will detail deployments and orders with high-profile clients, as well as expected sales growth.