Artificial Intelligence Technology Solutions Receives Purchase Order From a Multi-Billion Real Estate Group
July 30 2019 - 8:01AM
InvestorsHub NewsWire
Artificial Intelligence Technology Solutions Receives Purchase
Order From a Multi-Billion Real Estate Group
Reno, NV -- July 30, 2019 -- InvestorsHub NewsWire --
Artificial Intelligence Technology Solutions, Inc., (AITX: OTCPK)
is pleased to announce that Robotic Assistance Devices, Inc., (RAD)
its wholly owned subsidiary, has received a new purchase order and
subsequently deployed three SCOT™ units at a new multi-billion
dollar real estate client.
This follows the deployment of the SCOT mentioned in the
February 5, 2019 press release, which was for a San Francisco Bay
area commercial real estate customer.
This client has indicated they are likely to expand their RAD
system quickly.
“We are gaining good momentum in the real estate vertical,” said
Steve Reinharz, President and CEO of RAD. “This is a new commercial
real estate order and the first in the Northeast of the U.S. This
is a large sector that has the potential to greatly increase sales
for the company in the future.”
RAD has a sales pipeline of over 35 Fortune 500 companies and
numerous other potential clients. RAD expects to continue to
attract new clients as it converts its existing sales pipeline into
paying customers. Each new Fortune 500 Customer has the potential
of making numerous reorders over time.
RAD expects to announce the launch of a new product in the near
future.
The company may post important information about its subsidiary
RAD on its website at www.Robotic AssistanceDevices.com and through
tweets from RAD President and CEO Steve Reinharz
(https://twitter.com/SteveReinharz)
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, 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 RAD
Robotic Assistance Devices (RAD) 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, RAD can help organizations streamline
operations, increase ROI and strengthen business. RAD robotics
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. RAD robotic solutions are well suited for
use in multiple industries such as enterprises, government,
transportation, critical infrastructure, education and healthcare.
To learn more, visit www.roboticassistancedevices.com or
follow us on Twitter @RADbotsecurity.
Steve Reinharz
info@roboticassistancedevices.com
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