$AITX's Subsidiary Robotic Assistance Devices Sign
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Posted On: 05/20/2022 9:18:21 AM
$AITX's Subsidiary Robotic Assistance Devices Signs New Dealer, Awaits Final Signature on Large Quantity ROSA Order
https://www.globenewswire.com/news-release/20...Order.html
Detroit, Michigan, May 20, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has signed a new authorized dealer and expects to receive an order for at least 8 ROSA security robots from the dealer’s largest client within days. The dealer and the end user client are located in the Detroit, Michigan area. The dealer has long-standing business relationships with leaders in the automotive industry and additional details will be released in the future.
“We’re gaining more and more attention for how our solutions are providing significant value and performance within the auto industry, coming from the dealers and the manufacturers,” said Mark Folmer, President at RAD. “We're building a strong track record and reputation, and every day I see our momentum growing.”
Upon receipt of the expected initial order, this client will become RAD’s second major automobile manufacturer, adding to RAD’s several regional and national auto dealership clients. “Our plan to locate the REX in the heart of American manufacturing where we could readily promote and demonstrate our solutions is working,” said Steve Reinharz, CEO of AITX. “The calendar at the REX is booked with dealer and client meetings, and that’s where we closed this amazing opportunity. I’ll be at the REX next week, and I expect that additional sales announcements will follow,” Reinharz added.
With the addition of the new authorized dealer, RAD’s dealer network has expanded to 41, covering the US, Canada, the United Kingdom, and the European Union.
RAD’s parent company AITX intends to file for listing on the OTCQB within 10 days of filing its YE2022 10-K which is expected in May.
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.
https://www.globenewswire.com/news-release/20...Order.html
Detroit, Michigan, May 20, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has signed a new authorized dealer and expects to receive an order for at least 8 ROSA security robots from the dealer’s largest client within days. The dealer and the end user client are located in the Detroit, Michigan area. The dealer has long-standing business relationships with leaders in the automotive industry and additional details will be released in the future.
“We’re gaining more and more attention for how our solutions are providing significant value and performance within the auto industry, coming from the dealers and the manufacturers,” said Mark Folmer, President at RAD. “We're building a strong track record and reputation, and every day I see our momentum growing.”
Upon receipt of the expected initial order, this client will become RAD’s second major automobile manufacturer, adding to RAD’s several regional and national auto dealership clients. “Our plan to locate the REX in the heart of American manufacturing where we could readily promote and demonstrate our solutions is working,” said Steve Reinharz, CEO of AITX. “The calendar at the REX is booked with dealer and client meetings, and that’s where we closed this amazing opportunity. I’ll be at the REX next week, and I expect that additional sales announcements will follow,” Reinharz added.
With the addition of the new authorized dealer, RAD’s dealer network has expanded to 41, covering the US, Canada, the United Kingdom, and the European Union.
RAD’s parent company AITX intends to file for listing on the OTCQB within 10 days of filing its YE2022 10-K which is expected in May.
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.
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