Artificial Intelligence Technology Solutions, Inc.
Detroit, Michigan, July 7, 2022 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that it will host an Investor Open House and Press Event on Monday, July 18, 2022 along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD). The event will be held at the company’s manufacturing facility, the REX, located in Ferndale, Michigan.
“We are so proud of our safety and security solutions,” said Reinharz, CEO of AITX and RAD. “I’m excited to show these remarkable solutions to our customers, the press and of course the AITX community that enthusiastically supports us.”
Those interested in attending the AITX Open House and Press Event can register online at: https://tinyurl.com/mryxc8wr
The company stated that the upcoming event was planned as a result of the overwhelmingly positive response to the recent firearms detection in New York City. Reinharz added: “If there was one downside to our firearms detection demonstrations in New York, it was that they happened too quickly. The RAD devices did their job in a split second, sending alerts and initiating lockdown procedures. We have decided to hold these demonstrations again at the REX, along with hands-on demonstrations of our production ROSA and AVA, and there will be a few surprises.”
Videos of the New York firearms detection can be viewed online at: https://tinyurl.com/2um3pycb
RAD’s Firearms Detection identifies the presence of side guns and long guns. Immediately upon the detection of a firearm, RAD’s AI-powered analytics system will autonomously perform a variety of actions, including appropriately triggering local audible and visual alerts, locking and securing doors, notifying remote security personnel or onsite security personnel and law enforcement agencies – ideally before firing.
RAD noted that while there are new hardware solutions on the roadmap for this year, they will not be unveiled at the July 18 event.
RAD’s parent company AITX has applied for uplisting to the OTCQB. Future announcements will be made on the status of the OTCQB application.
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. This gives RAD 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 work capital needs from operating income, to obtain additional financing needed for future acquisitions, to meet competitive challenges and technological change, to meet 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.radsecurity.com and www.radlightmyway.comor follow Steve Reinharz on Twitter @SteveReinharz†