Robotic Assistance Devices Receives Two-Unit Opening Order From Major U.S. Electric Utility Company

Rhea-AI Summary

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that its subsidiary, Robotic Assistance Devices Inc. (RAD), secured an order from a top U.S. electric utility for two security devices: an Autonomous Verified Access (AVA) and a Responsive Operating Security Agent (ROSA). This client manages a significant electricity transmission system, delivering power to over five million customers. RAD's technology is poised to enhance physical security at power stations, addressing vulnerabilities in the nation's power grid.

Positive

• Initial order secured from a top 10 U.S. electric utility company.
• Deployment of AVA and ROSA devices enhancing security at power substations.
• Client operates one of the largest electricity transmission systems, with over 25,000 miles of infrastructure.

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 received an initial order from a top 10 U.S. electric utility company for one Autonomous Verified Access (AVA) and one Responsive Operating Security Agent (ROSA) security device. Due to non-disclosure agreements in place, the identity of this client cannot be released.

Reenactment of RAD’s AVA 3.0 (Autonomous Verified Access) processing and authorizing a vehicle’s entry at a secured power utility substation. (Photo: Business Wire)

RAD has confirmed that the client owns one of the nation's largest electricity transmission systems, more than 25,000 miles, delivering electricity to more than five million customers across more than 10 states.

“This is a huge win for RAD, and by association, the nation’s power grid,” said Steve Reinharz, CEO of AITX and RAD. “The nation’s power grid remains one of the most vulnerable components of our infrastructure. Billions of dollars are being allocated to cybersecurity within this industry, but the grid’s physical security has been neglected. This opening deployment is the beginning of the industry’s inevitable efforts to change that. This sector holds enormous potential for RAD,” Reinharz added.

According to a recent study by Homeland Security Today, the most vulnerable aspect of the U.S. power grid is the high-voltage transformers that allow efficient transmission from power plants to distribution substations. In 2013, an attack was carried out on Pacific Gas and Electric Company's Metcalf Transmission Substation near San Jose, California. The attack, in which gunmen fired on 17 transformers, caused $15 million in damage, and caused a dramatic shake up of security standards and regulations, the effects of which are still being felt today.

“This new RAD deployment will see AVA controlling vehicle entry to the client’s secure power facilities, and ROSA mounted on posts surveilling the vicinity for any suspicious activities,” Reinharz continued. Until now, security at power substations utilized chain-link fences, padlocks, or the occasional call box. “Everything is about to change, security across the country is transforming due to recent developments in AI and robotics. Plus, today’s tight labor market is forcing corporate end-users to seek alternatives to the cost and complexity of placing personnel in environments that are better suited for smart robotic solutions,” Reinharz concluded.

The company noted that this initial deployment is expected to occur in late November.

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 design elements, performance, quality and the user’s experience of all security robots whether SCOT™, ROSA180™, Wally™, Wally HSO™, AVA™, or ROAMEO™, and award-winning software tools including RAD Light My Way and the RAD Device Placement System. 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, www.roboticassistancedevices.com and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211102005543/en/

Steve Reinharz

949-636-7060

@SteveReinharz

Source: Artificial Intelligence Technology Solutions, Inc.,

FAQ

What security devices did AITX's RAD receive an order for?

AITX's RAD received an order for an Autonomous Verified Access (AVA) and a Responsive Operating Security Agent (ROSA) device.

Who is the client of AITX's RAD in the latest press release?

The client is a top 10 U.S. electric utility company but cannot be disclosed due to non-disclosure agreements.

What is the significance of the order received by AITX?

The order signifies a crucial step in enhancing physical security for the U.S. power grid, which is considered vulnerable.

When is the deployment of the new security devices expected?

The deployment of the AVA and ROSA devices is expected to occur in late November.

How does RAD's technology address security challenges?

RAD's technology provides advanced security solutions that replace traditional security methods, improving security at power substations.