OMVSD: Robotic Assistance Devices Receives Order For 5 SCOT Wally Units From Fortune 500 Client
August 30 2018 - 9:31AM
InvestorsHub NewsWire
Reno, NV -- August 30, 2018 -- InvestorsHub NewsWire --
Artificial Intelligence Technology Solutions (OMVS: OTCPK) is
pleased to announce that Robotic Assistance Devices (RAD), its
wholly owned subsidiary, has recently received an order for 5
additional SCOT™ Wally units from its existing client a Fortune 500
company in the logistics industry. On May 16, 2018 the Company
previously issued a press release about entering into an agreement
for the deployment of a SCOT™ unit. On May 29, 2018 the Company
entered into the deployment agreement and deployed the SCOT™ unit
at this client. Since this first deployment the client has been
satisfied with its SCOT™ unit and has placed an order for the
additional 5 SCOT™ Wally units mentioned above.
“We are very pleased to see our Fortune 500 clients ordering
additional units as they continue to expand their deployment of our
products in their respective organizations,” said Steve Reinharz,
President and CEO of RAD. “As we continue to work with our existing
clients we are increasing our footprint within these clients and as
clients continue to be satisfied we expect subsequent orders to
continue to grow in magnitude.”
RAD is also targeting numerous other verticals directly and via
its growing distribution network and receiving significant
interest. RAD expects to sign on more clients in the near
future.
SCOT™ and SCOT™ Wally units are deployed at client locations
based on a rental program paid monthly and remain the property of
RAD. Each SCOT™ and each SCOT™ Wally can generate over $60,000 and
$25,000 respectively of total revenue for the Company over a 4 year
period.
SCOT™ is a standalone, remote, portable, self-sufficient
intelligence observation tower designed to expand an organization's
security reach instantly. SCOT™ delivers guarding services at a
fraction of the cost and is considerably more affordable than any
human or automated solution on the market. SCOT runs the RAD
Software Suite which offers a complete ‘security ecosystem in a
box’.
SCOT™ Wally is a wall-mounted single-sided version of SCOT.
SCOT™ Wally is perfect for entrance ways in lobbies and parking
structures. It is driven by the RAD Software Suite and seamlessly
integrates with deployed SCOT™ units, onsite and remote guards and
remote control centers.
SCOT™ and SCOT™ Wally are equipped with artificial intelligence
that powers human detection analytics, featuring the longest range
detection at low false alarm rates. In addition, SCOT™ debuts the
RAD Software Suite, which is a collection of integrated software
applications hosted in Microsoft’s Azure Cloud services and allows
immediate and mobile access to alerts and controls generated by
SCOT™.
The company may post important information about its subsidiary
RAD on its website
at www.RoboticAssistanceDevices.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 On the Move Systems 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.
On the Move Systems undertakes no duty to update any
forward-looking statement(s) and/or to confirm the statement(s) to
actual results or changes in On the Move Systems 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.
Everest Corporate Advisors Inc.702-902-2361 www.everestcorp.net
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