Artificial Intelligence Technology Solutions Inc. in Advanced Discussions for Deployments to 2nd Public Transportation Agency
January 18 2019 - 9:20AM
InvestorsHub NewsWire
RENO, NV -- January 18, 2019 -- InvestorsHub NewsWire --
Artificial Intelligence Technology Solutions, Inc. (AITX: OTCPK),
is pleased to announce that Robotic Assistance Devices (RAD), its
wholly owned subsidiary, has entered into advanced discussions
with a second major US Transportation Agency for a pilot order with
a foreseeable total deployment of over 100 units for that local
region alone.
“This would be the only security solution of its kind to be
deployed to major public transportation and continues our
penetration into this industry,” said Steve Reinharz, President and
CEO of RAD. “I see the tremendous potential in this industry
manifesting into significant orders this year.”
Whereas RAD’s first expected transportation agency customer is
heavily focused on light rail, this client has a significant bus
transportation system in addition to light rail. The opening order
is expected to be for 3 SCOT units.
RAD is unique in that traditional security solutions would
either be too expensive or generally unwieldly for these kinds of
organizations. RAD’s performance for this transportation agency is
expected to help open up hundreds of thousands of locations where
clients can add effective security at an immediate ROI.
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.
Everest Corporate Advisors Inc. 702-902-2361 www.everestcorp.net
Artificial Intelligence ... (PK) (USOTC:AITX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Artificial Intelligence ... (PK) (USOTC:AITX)
Historical Stock Chart
From Sep 2023 to Sep 2024