$AITX's Subsidiary Robotic Assistance Devices Receives

New Post Public Reply Private Reply Replies (0) Message Board
louied91
210
$AITX's Subsidiary Robotic Assistance Devices Receives Multiple ROSA Order from East Coast Private College


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

Detroit, Michigan, April 20, 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 5 ROSA security robots from a renowned private college on the East Coast.

The Company confirmed that this order has been received through one of RAD’s largest authorized dealers. Details of the transaction have not been released due to non-disclosure agreements.

“There’s a really good reason why RAD shipped its two-hundredth ROSA last week,” said Mark Folmer, RAD President. “The robot works as promised, it eliminates problems that weren’t going away by doing nothing, it costs dramatically less than a human alternative, and the marketplace has started to notice. We are thrilled with this multiple unit ROSA order from this prestigious college and expect great results from this deployment,” Folmer added.

The Company also announced that the devices will be managed by RAD’s forthcoming ‘incident management system’. This cloud-based application advances RAD's goal of replacing the security industry’s disparate and obsolete user software and is offered by RAD at no additional cost.

“This college deployment validates everything that RAD is doing,” said Steve Reinharz, CEO of AITX. “The ROSA devices will be positioned in active areas of the campus replacing outdated security systems, without the need for communications cabling. We also anticipate the eventual utilization of RAD Light My Way which will provide students and faculty an added level of personal safety and security,” Reinharz concluded.

The Company confirmed that more than a dozen universities and colleges are actively considering RAD Light My Way, along with multiple RAD devices per location. "We recently started promoting RAD Light My Way to colleges and facility management companies since its announcement late last year," said Craig Stachecki, Senior VP of Sales at RAD. "Our sales pipeline is full of great opportunities. The multiple awards that RAD Light My Way has recently earned certainly got these industry's attention."

RAD Light My Way recently won 2 Secure Campus 2022 Awards from Campus Security & Life Safety Magazine. In October 2021 RAD Light My Way along with RAD's ROSA won CBRE’s 2021 Best Workplace Experience Solution Award.

RAD’s parent company AITX intends to file for listing on the OTCQB within 10 days of filing its YE2022 10-K.

ROSA is a compact, self-contained, portable, 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 autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. RAD has published two Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country.
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Royal Mint Ventures Into the Final Frontier with Star Trek Coins

Updated Category News Views 2

A Cosmic Coin Collection for the Ages The Royal Mint has stepped boldly into a realm where no coin has gone before—celebrating six decades of Star Trek with two new collectable 50p coins. For Star Trek fans who’ve followed the Enterprise to the furthest reaches of the galaxy, these coins aren’t just chump change—they’re keepsakes that capture a piece of sci-fi...

Continue Reading
ECARX Leverages AI for Next-Gen Auto Intelligence

Updated Category News Views 4

ECARX's Latest Ventures in AI-Driven Mobility ECARX is making waves with its recent announcement to integrate Tencent Cloud's WorkBuddy AI with the Flyme AIOS operating system. It's not a small tweak; it's a big leap forward in pushing AI boundaries in automobiles. If you're looking at ECARX Holdings Inc. (Nasdaq: ECX) as an investment, here's the meat and potatoes of...

Continue Reading
Tahoe Truckee Life TV Series Elevates Local Flavor

Updated Category News Views 2

Meet “Tahoe Truckee Life” Kane Schaller, the face of the Tahoe Truckee Life series, is giving folks a front-row seat to the lives and landscapes that make the Reno-Tahoe region buzz. Now, I've seen shows trying to pull this off, but this one might just spark something genuine if done right. The Real Deal on Reno-Tahoe The show airs on the REAL Shows Network—a...

Continue Reading
ePlus Wins Big: First Ambassador Partner for Everpure

Updated Category News Views 1

ePlus Breaks Ground with Everpure There's a new chapter unfolding in the tech sector, and ePlus has carved its name on the marquee. Achieving the exclusive Ambassador Partner Status with Everpure, ePlus becomes the first in North America to hit this high note. In the crowded room of tech partnerships, this isn't just a pat on the back—it's a gold star that screams...

Continue Reading
Business Leaders Push for Justice Reform Policy

Updated Category News Views 5

Business stepping up to bat for justice reform? Yeah, that’s what's shaking over in Washington, D.C. this Constitution Day. We're seeing a gathering of senior business execs, policymakers, and public safety advocates, intent on driving judicial reform in the U.S. Usually, the suits in these rooms talk about profit margins and quarterly results, but this time they're...

Continue Reading
Behavioral Crisis Center Saves Mobile $101M Since 2021

Updated Category News Views 2

AltaPointe Saves Millions While Supporting Community Health Let's dig into this remarkable achievement by the AltaPointe Behavioral Health Crisis Center. Since opening its doors in May 2021, the Mobile, Alabama facility has notched up a mind-boggling $101.5 million in community savings. This isn’t merely about numbers on a ledger—it's about real human impact, better...

Continue Reading
Check Point Shareholders Back 2026 AGM Proposals

Updated Category News Views 1

Shareholder Endorsement Solidifies Check Point's Strategy Today, Check Point Software Technologies had a bit of a celebratory mood. Their stakeholders, it seems, aren't just riding the wave; they're all in. You could almost hear the cheers from Redwood City when those shareholder voting results flashed across the board. Some 81.2 million shares—encompassing about 79.52%...

Continue Reading
Volato Group Faces Merger Scrutiny Amid SOAR Deal

Updated Category News Views 2

Unraveling the Volato Merger Drama Boy, the plot thickens with Volato Group, Inc. (SOAR), and it ain’t the first time we’ve seen this kind of shuffle in the market. Now, Volato’s got itself tangled up with Alignment Engine Inc. through a proposed merger. Sounds routine at first; we all know mergers are part of the corporate game. But here's the twist—shareholders...

Continue Reading
Crunch Fitness Organizes Major 9/11 Tribute Event

Updated Category News Views 2

A Climb for Remembrance In the realm of tributes that hit home, Fitness Ventures might have just nailed one. On this 25th anniversary of September 11, they're pulling no punches by bringing the gritty spirit of NYC right into the heart of 106 Crunch Fitness locations across America. You want to talk about a tribute that resonates, this is it—a Nationwide 9/11...

Continue Reading
GenesisFX Rolls Out Live Leaderboards, Boosts Social Trading

Updated Category News Views 5

Traders buckle up! GenesisFX Markets just kicked open a new chapter in forex and CFD trading with their Live Leaderboards and beefed-up social trading tools. What's the commotion about? Well, that's your hook. These leaderboards are the newest addition to their ecosystem, paired with some serious social trading muscle. As Arkadiusz Bujalski, the Head of Ops and System...

Continue Reading

Top 5 Most Recently Viewed Articles

Impact of Israeli Military Plans on Crude Oil Prices Explained

Updated Category News Views 113

Crude Oil Prices Experience a Notable Decline Crude oil prices faced a significant downturn recently as geopolitical tensions continue to influence the energy market. Reports indicated that Israeli Prime Minister Benjamin Netanyahu communicated directly with the Biden administration, signaling a shift in military strategy that could impact oil pricing. Details of...

Continue Reading
Hyundai Motor's Landmark $3 Billion IPO Set for India Launch

Updated Category News Views 114

Hyundai Motor India Prepares for Major IPO Hyundai Motor India is gearing up for its highly anticipated initial public offering (IPO), with plans to raise around $3 billion. This endeavour marks a significant step in the company’s expansion strategy and highlights Hyundai’s strong foothold in the Indian automotive market. The company has set a price range for its...

Continue Reading
JD.com Unveils $5 Billion Share Repurchase Initiative

Updated Category News Views 116

JD.com Introduces New Share Repurchase Program JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading provider of supply chain-based technology and services, has announced a newly approved share repurchase program. This initiative allows for repurchases totaling up to US$5.0 billion, starting in...

Continue Reading
Investors of Designer Brands Inc. Explore Class Action Options

Updated Category News Views 232

Understanding the Recent Investigation for Designer Brands Inc. Rosen Law Firm, a prominent law practice focusing on investor rights, is diligently investigating potential securities claims for shareholders of Designer Brands Inc. (NYSE: DBI). This investigation stems from serious allegations that the company may have issued misleading information that could have impacted...

Continue Reading
CSM Group Partners with Yoochang E&C for U.S. Projects

Updated Category News Views 165

CSM Group Expands Global Reach Through Major Partnership CSM Group is excited to announce its recent Master Services Agreement (MSA) with Yoochang E&C Co., Ltd., a distinguished construction and engineering firm based in South Korea. This strategic collaboration aims to broaden CSM Group’s capabilities in project management and construction management while focusing on...

Continue Reading