Robotic
Assistance Devices Shipping
Large Quantity of Units as Fiscal Year End Approaches
Detroit, Michigan, February
8, 2022
-- InvestorsHub NewsWire
-- Artificial Intelligence Technology Solutions,
Inc., (OTCPK:AITX),
today announced that its wholly owned subsidiary Robotic Assistance
Devices, Inc. (RAD) is expected to ship a minimum of 18 units this
week as it continues its progress towards completion of the fiscal
quarter and year.
"We're shipping every type of RAD unit to a wide range of
vertical markets and end users, indicating that where there are
labor, performance or cost challenges there is likely a RAD
solution," said Mark Folmer, President of RAD. "I think it's
significant to note that these units were sold through an ideal mix
of channel partners and direct to the end user."
"Nine months ago, we took possession of our REX ('RAD
Excellence Center') and now it's humming with activity," said Steve
Reinharz, CEO of AITX. The REX is RAD's 30,000 sq. ft.
manufacturing complex located near Detroit, Michigan. "The devices
we're shipping out of the REX this week include at least one of
every solution RAD has to offer, from ROSA to ROAMEO!" Reinharz
added.
Artist's
depiction of a RAD-emblazoned tractor trailer showing all RAD
devices on their way to deployment at clients
The company
confirmed that scheduled to ship this week are 2 SCOT
towers, being deployed at a significant regional airport that
typically handles more than 15 million passengers per year,
5 ROSAs
destined for a public park in San Francisco, 2 AVA
units heading to a distribution center for a well-known
global retailer, 1 Wally HSO
for professional office use, and the second of 2
ROAMEOs
for a leading theme park operator.
During his weekly video message to nearly 20,000 subscribers,
Reinharz commented that "the fear of being first is being replaced
by the fear of missing out." Reinharz elaborated, "The security
industry has been very conservative in how quickly it adopts new
technologies. We sense that there's a shift taking place right now
and RAD is perfectly positioned to take advantage of
this."
The company also noted that the identities and locations of
several of the devices shipping this week are expected to be
revealed in the near future. "Hundreds of thousands of people will
soon see SCOTs and ROSAs at airports, ROSAs at a public park, and
ROAMEOs at theme parks. These public-facing RAD units will mean
incredible visibility for the company as we approach the end of the
company's fiscal year," Reinharz concluded.
Robotic Assistance Devices (RAD) is a
high-tech start-up that delivers robotics and artificial
intelligence-based solutions that empower organizations to gain new
insight, solve complex security challenges, and fuel new business
ideas at reduced costs. RAD developed its advanced security robot
technology from the ground up including circuit board design, and
base code development. This allows RAD to have complete control
over all design elements, performance, quality, and the user's
experience of all security robots whether SCOT™, ROSA™, Wally™,
Wally HSO™, AVA™, or ROAMEO™. Read about how RAD is reinventing the
security services industry by downloading the Autonomous Remote
Services Industry Manifesto.
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, to meet business and
financial goals including projections and forecasts, 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 Artificial Intelligence
Technology Solutions (AITX)
AITX 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, AITX's RAD,
RAD-M and RAD-G companies help organizations streamline operations,
increase ROI, and strengthen business. AITX 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. AITX solutions are well suited for
use in multiple industries such as enterprises, government,
transportation, critical infrastructure, education, and
healthcare. To learn more,
visit www.aitx.ai,
www.radsecurity.com
and www.radlightmyway.com,
or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz