Artificial Intelligence Technology Solutions Receives Purchase Order From S&P 500 Real Estate Group
August 01 2019 - 8:21AM
InvestorsHub NewsWire
Artificial Intelligence Technology Solutions Receives Purchase
Order From S&P 500 Real Estate Group
RENO, NV -- August 1, 2019 -- InvestorsHub NewsWire --
Artificial Intelligence Technology Solutions, Inc. (AITX: OTCPK),
is pleased to announce that Robotic Assistance Devices (RAD), its
wholly owned subsidiary, has recently received a new purchase order
for three SCOTTM units from a new major real estate client that is
part of the S&P 500 and has over 50,000
employees.
“We are pleased to continue to penetrate the commercial real
estate vertical,” said Steve Reinharz, President and CEO of RAD.
“We continue to gain momentum with clients who understand that
RAD’s autonomous units can save significant money while providing
incredible performance. Working with these large clients increases
our chances of getting significant follow on orders.”
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
staff 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.
Contact:
Steve Reinharz
info@roboticassistancedevices.com
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