$AITX Robotic Assistance Devices Orders 1000 ROSA Enclosures to Satisfy Anticipated Demand
https://www.globenewswire.com/news-release/20...emand.html
Detroit, Michigan, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has ordered 1000 units of its ROSA 3.0 plastic enclosure from its main supplier to be produced via injection molding. Previous ROSA shells were created using CNC machine processing and ordered in batches of 25 to 100.
“This is a significant and important step on our path to true mass production of all RAD devices and demonstrates our movement closer to our goals of increasingly higher levels of deployment,” said Steve Reinharz, CEO of AITX. “The company’s team members that have been added over the past 12 months have worked diligently to achieve this technical design and production capability. With our sales funnel consistently growing it was time to take this step to meet anticipated demand.”
The Company noted that over an anticipated lifespan of 4,000 units, and including amortization of tooling, ROSA 3.0 enclosure costs will decrease 88% from approximately $350 per unit to $75 per unit.
“End-users and dealers frequently ask for immediate delivery of ROSA units,” said Mark Folmer, President of RAD. “Clients continue to discover the unique capabilities of ROSA and the other RAD security robots in helping eliminate troublesome security issues while saving money and reducing the need and risk of human guard deployments. With this large ROSA 3.0 enclosure order and other related investments in ROSA production we will soon be able to deploy almost any ROSA order within 24 hours.”
RAD anticipates ROSA 3.0 per unit costs to be 50% of ROSA180 after the first few hundred ROSA 3.0 units are produced. These cost reductions should be made possible by RAD-G’s ‘RADPack Mini’ controller that will replace most existing internal hardware. “Our strategy has always been to drive costs down through tight integration of RAD developed components, strengthening our purchasing power, and reinforcing our manufacturing capabilities at the REX. We are well on our way to achieving these goals,” Reinharz commented.
“We begin our next fiscal year with a sales pipeline that looks to support these increases in purchasing and production. Fiscal year 2023 will likely be our most exhilarating year yet,” Reinharz concluded.
ROSA is a compact, self-contained, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human and vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras.
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™, ROAMEO™, or RAD Light My Way™. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto.
Read More: https://investorshangout.com/post/view?id=635...z7MERbu9XF
https://www.globenewswire.com/news-release/20...emand.html
Detroit, Michigan, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has ordered 1000 units of its ROSA 3.0 plastic enclosure from its main supplier to be produced via injection molding. Previous ROSA shells were created using CNC machine processing and ordered in batches of 25 to 100.
“This is a significant and important step on our path to true mass production of all RAD devices and demonstrates our movement closer to our goals of increasingly higher levels of deployment,” said Steve Reinharz, CEO of AITX. “The company’s team members that have been added over the past 12 months have worked diligently to achieve this technical design and production capability. With our sales funnel consistently growing it was time to take this step to meet anticipated demand.”
The Company noted that over an anticipated lifespan of 4,000 units, and including amortization of tooling, ROSA 3.0 enclosure costs will decrease 88% from approximately $350 per unit to $75 per unit.
“End-users and dealers frequently ask for immediate delivery of ROSA units,” said Mark Folmer, President of RAD. “Clients continue to discover the unique capabilities of ROSA and the other RAD security robots in helping eliminate troublesome security issues while saving money and reducing the need and risk of human guard deployments. With this large ROSA 3.0 enclosure order and other related investments in ROSA production we will soon be able to deploy almost any ROSA order within 24 hours.”
RAD anticipates ROSA 3.0 per unit costs to be 50% of ROSA180 after the first few hundred ROSA 3.0 units are produced. These cost reductions should be made possible by RAD-G’s ‘RADPack Mini’ controller that will replace most existing internal hardware. “Our strategy has always been to drive costs down through tight integration of RAD developed components, strengthening our purchasing power, and reinforcing our manufacturing capabilities at the REX. We are well on our way to achieving these goals,” Reinharz commented.
“We begin our next fiscal year with a sales pipeline that looks to support these increases in purchasing and production. Fiscal year 2023 will likely be our most exhilarating year yet,” Reinharz concluded.
ROSA is a compact, self-contained, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human and vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras.
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™, ROAMEO™, or RAD Light My Way™. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto.
Read More: https://investorshangout.com/post/view?id=635...z7MERbu9XF
Robert
