Robotic Assistance Devices Signs L&P Global Security as a New Dealer with Initial Unit Commitment

Rhea-AI Summary

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), has signed L&P Global Security as an authorized dealer. L&P Global Security, a premier security guard service in Texas, will represent RAD's security robot solutions. They plan to deploy RAD's ROSA unit at a major retailer in Texas, addressing client needs for automated security solutions that reduce costs. The collaboration is expected to lead to hundreds of deployments in Texas due to increasing demand for innovative security alternatives.

Positive

• Partnership with L&P Global Security will enhance RAD's market reach in Texas.
• L&P Global Security's established client base may lead to quick deployment of RAD units.
• Potential for hundreds of RAD devices to be deployed across Texas in the near future.

Negative

• None.

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) has signed L&P Global Security as an authorized dealer.

L&P Global Security is a premier security guard services company in Texas. The company boasts a skilled and highly trained commercial and business security staff, unarmed and armed security guards, patrol security, and executive security. Under this agreement, L&P Global Security will represent all RAD stationary and mobile security robot solutions.

“We have been following RAD for years, and it’s now time to bring them on as a solution provider,” said Prashant Kumar, Managing Partner at L&P Global Security. The company’s client base includes top-tier big-box retailers, warehousing and distribution centers, and Class A facility operators. “Our customers have been increasingly interested in ways to automate and modernize their security profile that reduces costs, and we’re confident that with RAD we can deliver on these requirements.”

“We are thrilled to welcome L&P Global Security to the RAD dealer network,” said Jordan Lippel, CPP, RAD’s Vice President, Enterprise Solutions. “Prashant and the team at L&P Global have been pursuing us for a while, and it’s gratifying to know that forward-thinking end-users can help RAD pull a new dealer in.” Lippel confirmed that L&P Global will be deploying their first unit, a ROSA, at a large retailer in north Texas.

Kumar also commented, “Our clients know us for our proprietary software that helps predict when and where security breaches may occur. Our plan is to integrate the data and analytics fed from the RAD devices into our software resulting in an even more robust, data-driven security solution.”

“RAD is excited to have L&P Global Security onboard as an authorized dealer,” said Steve Reinharz, Founder and President of RAD. “They’ve got an impressive and aggressive team, plus an extraordinary client base. We expect to see quick results considering the appetite from their end-users to deploy cost saving, autonomous devices,” Reinharz added.

“It’s feasible that we could deploy hundreds of RAD devices across Texas in the coming months,” Kumar added. Reinharz also indicated that in light of the current hiring, staffing and retention issues facing their security guarding dealers and end-users, many companies are investigating alternatives that will perform the functions and tasks of traditional security personnel. CNN recently reported that many security firms are offering bonuses up to $3,000 to new guards in an attempt to satisfy demand from clients as businesses reopen nationwide. “Market conditions, the need to cut costs, and the hunger for innovation are driving numerous companies to RAD,” Reinharz concluded.

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™, ROSA180™, ROSA270™, 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/20210617005138/en/

FAQ

What recent partnership did AITX announce?

AITX announced a partnership with L&P Global Security, who will represent RAD's security solutions.

What will L&P Global Security do with RAD's technology?

L&P Global Security will deploy RAD's ROSA security robots at various client locations.

How many RAD devices could be deployed in Texas according to AITX?

AITX indicated that hundreds of RAD devices could be deployed across Texas in the coming months.

What is the significance of the AITX and L&P Global Security partnership?

The partnership is significant as it combines RAD's security solutions with L&P's established clientele, aiming to modernize security operations.