Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. BREAKOUTS..RUNNERS AND HOT PENNIES Message Board

$AITX Robotic Assistance Receives Order for Wally

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 36177
(Total Views: 168)
Posted On: 02/11/2022 1:24:57 PM
Avatar
Posted By: louied91
$AITX Robotic Assistance Receives Order for Wally Security Robot from Fortune 500 Logistics Company

https://www.globenewswire.com/news-release/20...mpany.html

Detroit, Michigan, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received an order for a Wally security robotic device from a new Fortune 500 ranked provider of third-party logistics services. The unit will be deployed at one of the client’s distribution centers in the Midwest. This is RAD’s fifth Fortune 500 company addition specific to the logistics space.

“The logistics and transportation industry is one of RAD’s strongest vertical markets,” said Mark Folmer, President of RAD. “We currently have multiple ROSAs, Wallys, AVAs and SCOTs deployed and operating at busy distribution centers.”

According to a recent McKinsey report regarding the ‘entirely new logistics paradigm’, "Many operations could be automated by 2030, as artificial intelligence takes over the many repetitive activities that logistics companies perform. Automation can reduce the dependency on an ever-tightening labor market. Second, automation can enable higher throughput in a smaller space."

“Adding clients with significant potential is always a great announcement. I expect additional sales announcements this month including at least one that many will consider especially noteworthy,” said Steve Reinharz, CEO of AITX.

Wally is expected to replace costly staff that performs the repetitive tasks of checking in truck drivers to their secure facilities 24 hours per day. “Once again we see high-profile, influential corporate end-users seek out RAD’s AI-driven solutions to help alleviate their cumbersome personnel tasks and dramatically cut costs,” continued Reinharz. “When this client eventually replaces 5 workers with 5 Wally devices, their savings in headcount alone will approach $1 million. Providing this sort of solution and savings is why RAD is in this business, Reinharz added.”

It is expected that this Wally unit will lead to a minimum of 4 additional units deployed by the client. RAD also expects to be able to name the client upon further deployments. “We are so pleased to be servicing this client and look forward to greater opportunities to come,” Reinharz concluded.

Wally (named as a wall mounted version of SCOT) is an alternative to front desk reception, lobby concierge services, and guarding personnel. Wally performs employee and visitor check-ins and clearances with automated access control of doors and gates, plus can print badges. Wally monitors the surrounding area through its dual hi-resolution, full-color digital cameras providing a wide 180° field of view. Visitors enter their information on Wally’s cloud-connect 18.5” touch screen, or can scan QR codes, bar codes and more.

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.


(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us