Robotic Assistance Devices Receives Wally Order from Leading Global Logistics Company

Rhea-AI Summary

Artificial Intelligence Technology Solutions (OTCPK:AITX) announced a Wally order from a Fortune 250 company, enhancing its presence in the security automation market. Wally, designed to replace traditional security guards, offers functionalities like visitor processing and monitoring at a reduced cost. The client plans additional deployments, potentially exceeding 50 units. The integration of advanced robotics aims to boost productivity while cutting costs, as highlighted by a McKinsey report indicating that 45% of paid activities can be automated, representing a $2 trillion opportunity.

Positive

• Secured a Wally order from a Fortune 250 company, indicating strong market demand.
• Potential for additional deployments exceeding 50 units post-initial installation.
• Wally's deployment aligns with increasing automation trends, potentially enhancing productivity and reducing operational costs.

Negative

• None.

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received a Wally order from a Fortune 250 ranked company. Although not named due to confidentiality agreements, the company indicated that the end-user is a global leader in supply chain management & third-party logistics.

“The application for this Wally order is at the core of what RAD is all about,” said Steve Reinharz, Founder and President of RAD. “Once deployed, this Wally will replace a security guard in one of the client’s lobbies. Wally can welcome, process, open doors, and document everyone that enters the facility at a fraction of the cost of the manned alternative.”

According to a recent McKinsey report, 45% of current paid activities can be automated by today’s technology, an equivalent of $2 trillion in total annual wages. Since its founding, RAD has sought to enable businesses to increase their productivity, enhance their security profile, while greatly reducing overall costs. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto.

Reinharz also stated, “This client did their homework in checking out RAD, Wally, and the way we do things. Our Canadian team in Waterloo, Ontario, welcomed them and demonstrated all of Wally’s functions as well as the RAD software suite.” The company indicated that additional units, upwards of 50 similar Wally installations are possible following this initial deployment.

Wally (named as a Wall Mounted version of SCOT) is a welcome complement to front desk reception, lobby concierge services, and guarding personnel. Wally is capable of performing employee and visitor check-ins and clearances with access controls. Wally monitors the surrounding area through its dual hi-resolution, full-color digital cameras providing a wide 180° field of view.

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™.

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/20210519005265/en/

FAQ

What recent order did AITX announce?

AITX announced a Wally order from a Fortune 250 ranked company.

How does Wally contribute to cost savings for businesses?

Wally replaces traditional security guards, performing tasks like monitoring and visitor processing at a fraction of the cost.

What are the potential future opportunities for Wally deployments?

The initial deployment may lead to over 50 additional Wally installations for the client.

How does automation impact the job market according to a McKinsey report?

The report states that 45% of current paid activities can be automated, equating to a $2 trillion savings in annual wages.