Artificial Intelligence Technology Solutions Receives Purchase Order From Global Pharmaceutical Company
January 29 2019 - 9:11AM
InvestorsHub NewsWire
Reno, NV -- January 29, 2019 -- InvestorsHub NewsWire --
Artificial Intelligence Technology Solutions, Inc., (AITX: OTCPK)
is pleased to announce that Robotic Assistance Devices (RAD), its
wholly owned subsidiary, has received a purchase order from a major
global pharmaceutical company.
“This first deployment for this Fortune 50 company could be
their first of many,” said Steve Reinharz, President and CEO of
RAD. “This is a new major vertical for the company as we continue
to penetrate the market.”
“The ability of RAD to be able to consistently attract these
major corporate clients is a sign of the value that RAD’s
technology offers to the market,” said Garett Parsons, President
and CEO of AITX. “Each of these large clients has the potential for
numerous deployments so each time RAD closes on a large client, it
is also closing on the potential for numerous re-orders for years
to come.”
This unit will be added to the growing number of paid
deployments in the greater San Francisco Bay area. RAD currently
has paid deployments in 11 states and growing.
Adoption of this solution could save the client 75% of the
expense of alternative solutions while providing superior
performance. The company is finalizing contract details with the
potential client and expects to get final contract documents this
month.
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.
Everest Corporate Advisors Inc.702-902-2361 www.everestcorp.net
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