Artificial Intelligence Technology Solutions, Inc.
1 ROAMEO mobile robot and 12 ROSA devices are Deployed at 2 locations
Detroit, Michigan, June 30, 2022 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has entered into an agreement with a Fortune 50 global leader in transportation, e-commerce and business services to supply 12 ROSA security robots and 1 ROAMEO mobile robot at 2 customer locations. The customer is not identified at this time due to nondisclosure agreements.
The company confirmed that 6 ROSAs will be in each of the 2 locations and that the single ROAMEO will patrol the customer’s largest logistics center. The client has experienced an increase in trespassing in many of their locations. The fleet of ROSA units and the mobile ROAMEO robot should deter these cases, making the customer less dependent on expensive manpower. Deployment is expected to begin in July 2022.
“This is exactly how we expect sales to progress through our pipeline,” said Mark Folmer, president of RAD. “This well-known client has been on our radar for years, they put ROAMEO and ROSA into practice earlier this year at the ISC West fair. Since then we have had meetings with them at the REX, and now they have given us a big first order.”
With this order for 13 units, RAD has publicly announced a record assumption of 85 units on order in the month of June. Additional details on RAD’s sales rate are expected to be announced after the end of the month.
“We just keep going and signing up Fortune 500 customers,” said Steve Reinharz, CEO of AITX and RAD. “Our customer list is becoming a ‘Who’s Who’ of industry leaders. The scale at which these types of customers operate is so impressive. We start with thirteen units, including a ROAMEO in two of their hundreds of distribution centers. When rolled out globally, it will have the potential to be huge,” Reinharz continued.
The addition of this customer marks a new major logistics, distribution or shipping customer for RAD. “RAD is ideally suited to support these types of customers. They all have large dockyards or service yards, a fenced periphery that is challenging to patrol, and can no longer find or afford the manpower to effectively secure their properties. Next week we expect to identify our largest customer in this category,” concludes Reinharz.
RAD’s parent company AITX has applied for uplisting to the OTCQB. Future announcements will be made on the status of the OTCQB application.
ROSA is a compact, self-contained, portable security and communications solution that can be deployed in approximately 15 minutes. Like other RAD solutions, it only needs power because it contains all the necessary communication hardware. ROSA’s AI-powered security analytics include people and vehicle detection, license plate recognition, responsive digital signage and audio messaging, and full integration with RAD’s notification software suite and autonomous response library. Two-way communication is optimized for mobile use, including live video from ROSA’s high-resolution dual, full-color, always-on cameras. RAD has published two Case Studies detailing how ROSA has helped eliminate cases of theft, trespassing and loitering at car rental locations and construction sites through the whole country.
ROAMEO is a mobile security robot that is almost 2 meters long and weighs more than 700 kilograms. ROAMEO is built to autonomously patrol a property or periphery and survey the environment, conduct routine patrols, record and report back to the central command center. The security robot’s dual 18.5-inch internet-connected touchscreens provide customizable information and concierge services for guests it may encounter while on patrol.
Robotic Assistance Devices (RAD) is a high-tech start-up delivering robotics and artificial intelligence-based solutions that enable organizations to gain new insights, solve complex security challenges and spark new business ideas at a lower cost. RAD has developed its advanced security robot technology from the ground up, including circuit board design and basic code development. As a result, RAD has full control over all design elements, performance, quality and user experience of all security robots, whether SCOT™ROSA™wally™Wally HSO™AGM™ROAMEO™or RAD Light My Way™† Learn how RAD is reinventing the security services industry through the: Autonomous Remote Services Industry Manifestoand request a copy of the recently published ‘Navigating the New Economy: Jobs and Automation, Challenges and Opportunities’†
PRECAUTIONS ABOUT FORWARD-LOOKING STATEMENTS
This press 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 in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this press 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 to meet its obligations, to meet working capital needs from operating income, to obtain additional financing needed for future acquisitions, to meet competitive challenges and technological change, to achieve business and financial goals, including projections and forecasts, and other risks. Artificial Intelligence Technology Solutions assumes no obligation to update any forward-looking statement(s) and/or to confirm the statement(s) to reflect actual results or changes in Artificial Intelligence Technology Solutions’ expectations.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in delivering artificial intelligence-based solutions that enable organizations to gain new insights, solve complex challenges and spark new business ideas. Through their next-generation robotic product offerings, AITX’s RAD, RAD-M, and RAD-G companies help organizations streamline operations, increase ROI, and empower business. AITX technology improves the simplicity and cost-effectiveness of patrol and surveillance services and allows experienced personnel to focus on more strategic tasks. Customers increase the capabilities of the existing workforce and gain a higher level of situational awareness, all at a drastically lower cost. AITX solutions are well suited for use in multiple industries such as enterprise, government, transportation, critical infrastructure, education and healthcare. For more information, visit www.aitx.ai† stevereinharz.com† www.rad security.com and www.radlightmyway.comor follow Steve Reinharz on Twitter @SteveReinharz†