Robotic Assistance Devices Receives Orders for 12 Units – StreetInsider.com



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HENDERSON, Nev.–(BUSINESS WIRE)–
Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, today announced that its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD) has received orders for 12 units of its stationary product line from both dealers and end-user clients.

“These recent orders indicate a healthy mix of sales activity from our channel partners and our direct to end-user efforts. The product mix of these orders is a nice variety of most RAD solutions,” said Steve Reinharz, CEO of AITX and RAD. “And, it’s great to see a nearly even mix of new dealers and end-users, and repeat business from dealers and end-users that are expanding their deployments of RAD devices,” Reinharz added.

The company disclosed that these announced orders consist of 8 ROSA180 units, 2 AVA devices, 1 Wally and 1 Wally HSO unit. “One of our most prestigious and loyal clients has now ordered a total of six Wally HSO solutions,” said Mark Folmer, President of RAD. “Each Wally HSO unit deployed with this one client is doing the work previously performed by a security guard. This is confirmation that the ongoing labor shortage is impacting our clients’ businesses and creating an uptick of activity for RAD,” Folmer concluded.

A recent report by Robert H. Perry & Associates, U.S. Contract Security Market White Paper, states that “this year saw more and more smaller companies turn to some sort of ‘integrated guarding’ as a way to deal with the serious labor shortage.” “That search for ‘integrated guarding’ is leading end-users and dealers to RAD solutions. Our devices perform their job at a cost that’s dramatically lower than traditional guarding personnel that companies cannot staff,” Reinharz concluded.

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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™, Wally™, Wally HSO™, AVA™, or ROAMEO™. 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.

The company expects future press releases to describe deployments and orders with high profile clients. RAD’s sales funnel includes opportunities for hundreds of units to be deployed within the next 12 months.

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.

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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 and www.roboticassistancedevices.com, or follow Steve Reinharz on Twitter @SteveReinharz.

Investor Relations Contact

The Waypoint Refinery, LLC

845-397-2956

www.thewaypointrefinery.com

Steve Reinharz

949-636-7060

@SteveReinharz

Source: Artificial Intelligence Technology Solutions, Inc.





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