Artificial Intelligence Technology Solutions Receives PO for High End Retail Location Owned by Billion Dollar Real Estate Fund
August 15 2019 - 8:10AM
InvestorsHub NewsWire
Artificial Intelligence Technology Solutions Receives PO for High
End Retail Location Owned by Billion Dollar Real Estate Fund
RENO, NV -- August 15, 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 purchase order for
two SCOT™ units from an upscale retail client in the greater San
Francisco bay area owned by a billion dollar real estate investment
fund.
“RAD’s innovative solution continues to gain traction across a
range of industries,” said Steve Reinharz, President and CEO of
RAD. “We’re happy to have the attention of yet another savvy real
estate ownership group.”
RAD expects to announce the launch of one new hardware and one
new software solution product in the near future, both of which are
expected to play a significant role in the overall revenue mix of
the company over the coming years.
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.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 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.
Contact:
Steve Reinharz
info@roboticassistancedevices.com
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