Artificial Intelligence Technology Solutions Enters Energy Sector with Oil and Gas as Another Vertical
June 19 2019 - 9:29AM
InvestorsHub NewsWire
Artificial Intelligence Technology Solutions Enters Energy Sector
with Oil and Gas as Another Vertical
RENO, NV -- June 19, 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 a pilot for a SCOT unit with a Fortune
500 oil refinery client.
“We are pleased to be adding a new vertical to our growing
client base,” said Steve Reinharz, President and CEO of Robotic
Assistance Devices. “The size and scope of the energy industry
presents a significant opportunity for us moving forward to add new
clients in this vertical,”
The pilot if for 30 days after which if satisfied, the agreement
will convert to a 12 month commercial agreement.
RAD is in discussions with numerous other potential clients and
expects more orders 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.
Everest Corporate Advisors Inc.
702-902-2361
www.everestcorp.net
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