Robotic Assistance Devices Signs Prudential Alarm as New Dealer and Receives ROSA Order with Additional Units Expected

Rhea-AI Summary

Artificial Intelligence Technology Solutions (OTCPK:AITX) has announced a partnership with Prudential Alarm, which has become a new authorized dealer for Robotic Assistance Devices (RAD). RAD has received an order for multiple security robots from Prudential, marking its third dealer announcement in a week. Prudential serves various sectors, including government and automotive manufacturing, enhancing RAD’s dealer network to 33. The collaboration is projected to expand RAD’s market reach, as Prudential sees significant potential for using RAD’s AI-driven security solutions in their client operations.

Positive

• Partnership with Prudential Alarm expands RAD's dealer network to 33.
• Prudential Alarm's diverse client base enhances market opportunities for RAD's products.
• Third dealer announcement within a week indicates rapid growth for RAD.

Negative

• None.

Detroit, Michigan, March 02, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has signed Prudential Alarm as a new authorized dealer, and has received an order for a multiple security robots from this new dealer. Prudential Alarm is located in Taylor, Michigan and serves clients across the US in the state government space, automotive manufacturing industry, as well as logistics and warehousing.

“The signing of Prudential is RAD’s third dealer announcement in less than a week,” said Mark Folmer, President of RAD. “Their team is as impressive as their client base. We’re excited to see what this relationship will bring.”

The Company confirmed that Prudential Alarm has relationships with some of the largest commercial real estate operators and multi-family housing providers in the US, as well as multiple manufacturing facilities and several 3rd tier automotive suppliers and sees vast opportunities for applications for RAD’s ROSA and AVA security solutions related to autonomous remote services and verified access control.

“Until I witnessed how the RAD products work, I'd always thought that a machine would never replace a physical presence, no matter how smart it is," said Greg Wier, VP of Prudential Alarm. "RAD and AITX have changed my perspective on that. RAD products are going to be a game changer, not only for Prudential and our clients, but for the entire security industry.”

With the addition of this new authorized dealer, RAD’s dealer network has expanded to 33, covering the US, Canada, and the European Union.

“We’ve just begun our new fiscal year, and the REX is still humming away processing orders and shipping units, and our sales team keeps bringing in new channel partners,” said Steve Reinharz, CEO of AITX. “Prudential is a great addition to RAD’s channel strategy, we love their roster of clients and expect to see some great business as a result,” Reinharz added.

“I am very excited about our relationship with the team at RAD. I firmly believe that autonomous security is the future of our industry. I had the opportunity to visit the AITX / RAD facility, and see first-hand not only how the products work, but how they are made, that was the point when I realized that RAD is exactly who I need to be working with,” Wier concluded.

ROSA 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. ROSA’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 ROSA’s dual high-resolution, full-color, always-on cameras.

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™, ROSA™, Wally™, Wally HSO™, AVA™, ROAMEO™, or RAD Light My Way™. 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, 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.radsecurity.com and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

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Steve Reinharz
949-636-7060
@SteveReinharz

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• Artificial Intelligence Technology Solutions, Inc.,

FAQ

What is the recent announcement by AITX regarding Prudential Alarm?

AITX announced that Prudential Alarm has become a new authorized dealer for its subsidiary RAD, receiving an order for multiple security robots.

How does the partnership with Prudential Alarm impact AITX?

The partnership increases RAD's dealer network to 33, enhancing opportunities in various sectors such as government and automotive manufacturing.

When was the announcement about Prudential Alarm made?

The announcement was made on March 2, 2022.

What are the products offered by RAD to Prudential Alarm?

RAD offers AI-driven security solutions, including ROSA and AVA security robots, designed for autonomous remote services.

How does Prudential Alarm view the partnership with RAD?

Prudential Alarm's VP stated that RAD's products are a game changer for the security industry.