STOCK TITAN

Robotic Assistance Devices Signs SekurCorp as New Dealer and Receives AVA Order

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

AITX, through its subsidiary Robotic Assistance Devices (RAD), has partnered with SekurCorp as an authorized dealer, marking a significant step in expanding its market reach. SekurCorp, based in Canada, has placed an order for RAD's AVA device, which enhances security operations by replacing traditional guarding staff with advanced technology. CEO Steve Reinharz emphasized the need for AI solutions in the wake of workforce changes, while RAD's president expressed optimism for ongoing business opportunities. This partnership underlines RAD's commitment to innovation in security services.

Positive
  • RAD signs SekurCorp as an authorized dealer, expanding its market presence.
  • SekurCorp has placed an order for RAD's AVA device, indicating strong initial demand.
  • The AVA device offers advanced access control and aims to reduce operational costs for clients.
Negative
  • None.

Detroit, Michigan, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has signed SekurCorp as an authorized dealer, and has received an AVA order from this new dealer. SekurCorp is a regional security services provider with offices located in Montreal, Quebec Canada and St. Johnsbury, Vermont.

“We just love signing new channel partners that can help RAD penetrate new markets and opportunities,” said Mark Folmer, President of RAD. “The addition of a forward-looking service provider like SekurCorp to the RAD dealer network is further evidence that RAD has the solutions that the industry is needing right now.”

“We are very impressed with RAD and their approach to autonomous devices,” said Jean-Patrick Lariviere, SekurCorp Group President and Chief Executive Officer. “The end user for the AVA device is transforming their entry gates across North America to operating without a guarding staff. We hope that this first AVA turns into several more.”

“All of North America is suffering from the impacts of the Great Resignation,” said Steve Reinharz, CEO of AITX. “Security companies and their corporate clients are scrambling to place AI-fueled technology where personnel once worked. And a guard at a gate is a perfect example of a job that isn’t necessary in the future. We’ve built AVA to accomplish every useful function that gate guard would perform, and more, for less money,” Reinharz added.

“RAD is starting the month the way we’ve come to expect, with nice new business. We can also expect several more opportunities in our sales pipeline to close this month, and we can close the fiscal year very strong,” Folmer concluded.

AVA is a compact and stanchion mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry. AVA takes full advantage of the RAD Software Suite providing an ideal solution for logistics and distribution centers, storage yards, parking structures and lots, corporate campuses; anywhere that increased visibility is needed at a fraction of the cost.

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, or ROAMEO. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto.

About the SekurCorp Group of Companies
SekurCorp Group of Companies (SEKURCORP), is a Canadian based privately held investment and management group headquartered in located in Montreal, Quebec Canada. SekurCorp owns and operates multiple companies in the security and mobility solutions and services industries. SekurCorp is focused to bring the most advanced and modern solutions and services to its clients. For additional information, visit www.sekurcorp.com.

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.

###

Steve Reinharz
949-636-7060
@SteveReinharz

Attachment


FAQ

What recent partnership did AITX announce?

AITX announced a partnership with SekurCorp as an authorized dealer for its RAD subsidiary.

What product did SekurCorp order from AITX?

SekurCorp ordered the AVA device from AITX's RAD subsidiary.

How does the AVA device benefit security operations?

The AVA device enhances security by enabling entry control without the need for guarding staff, reducing costs.

What market trend is AITX responding to with its new partnership?

AITX is addressing the demand for AI-fueled technology in security services, particularly after workforce changes due to the Great Resignation.

What does the CEO of AITX say about the future of security jobs?

CEO Steve Reinharz stated that roles like gate guards may become unnecessary as AI solutions are implemented.

ARTIFICIAL INTL SLTNS

OTC:AITX

AITX Rankings

AITX Latest News

AITX Stock Data

40.50M
11.91B
0%
Computer Hardware
Technology
Link
United States of America
Ferndale