Artificial Intelligence Technology Solutions Launches Outdoor Autonomous Mobile Security Robot Program
August 20 2019 - 8:46AM
InvestorsHub NewsWire
Artificial Intelligence Technology Solutions Launches Outdoor
Autonomous Mobile Security Robot Program
RENO, NV -- August 20, 2019 -- InvestorsHub NewsWire --
Artificial Intelligence Technology Solutions, Inc. (AITX: OTCPK),
is pleased to announce that Robotic Assistance Devices (RAD), its
wholly owned subsidiary, has commenced the manufacturing of its
proprietary outdoor autonomous mobile security robot RADBoT™
‘ROAMEO’ (Rugged Observation Assistance Mobile Electronic
Officer).
ROAMEO delivers all-terrain and all-weather mobility for RAD’s
eco-system of security detection and alerting benefits, all within
RAD’s acclaimed RADCloud software platform.
Full mobility performance specifications will be released over
the coming months but expected performance features should include
ability to traverse surfaces with ridges and obstructions up to 8”,
variable speed up to 10mph, climbing ability of up to 25 degrees,
and flexible run time up to 20 hours.
ROAMEO builds on RAD’s demonstrated ability to create high value
and high quality hardware and software. Like the rest of RAD’s
products and services, ROAMEO is 100% RAD designed and built.
“The release of SCOT in 2018 fueled our ability to deliver the
same amazing RAD functionality via a mobile vehicle,” said Steve
Reinharz, President and CEO of RAD. “ROAMEO is the realization of
RAD’s goals to deliver next-generation security and concierge
solutions to clients large and small.”
RAD circulated a request for interest in the form of a ‘soft
launch’ on July 31 and received immediate interest from several of
its clients including several Fortune 500 companies. At this time
there is interest for a minimum of 20 ROAMEO units once development
of ROAMEO is complete. RAD expects to receive net monthly payments
from clients of $4,200 per unit with each unit having a useful life
of 5 years. With the current interest from clients for 20 units,
this could represent a potential revenue to RAD over the useful
life of the units of 5 million dollars.
RAD expects to receive interest from clients for additional
ROAMEO units in the future.
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.
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 of 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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