$AITX's Subsidiary Robotic Assistance Devices to R
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Posted On: 06/10/2022 9:46:29 AM
$AITX's Subsidiary Robotic Assistance Devices to Receive Largest Unit Order in its History
https://www.globenewswire.com/en/news-release...story.html
Detroit, Michigan, June 10, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received notice from a top dealer to expect an order for a minimum of 37 RAD devices. This will be the Company’s largest unit order through an authorized dealer. The dealer and the corporate end user are not being identified at this time due to non-disclosure agreements. The order is for a minimum of 37 units which are a mix of ROSA and AVA security robots.
The Company noted that it may release additional information on the dealer and the end user at a later date. The end user is a global leader in the transportation manufacturing industry with a presence in over 60 countries. RAD devices will be used at 5 of the end user’s manufacturing, service, and distribution centers. The end user is undergoing a modernization of their entire guarding and security profile.
“This dealer is building on their success with RAD in similar, albeit smaller, deployments. This order shows our company’s ability to deliver, maintain and grow solutions that work and provide strong ROI to dealers and end users,” said Mark Folmer, president of RAD. “The impetus for corporate end users to fill unfillable human roles while reducing cost is increasing in urgency. This order is expected to save the client millions of dollars a year while improving their safety and security profile.”
“This incredible order is one of many coming to the end of the sales cycle,” said Steve Reinharz, CEO of AITX and RAD. “I expect these types of multi-unit sale announcements to be more frequent to the point they become the regular order of business. We’re moving corporate clients from unobtainable guards to robots and saving them money in the process. It is that simple.”
By deploying RAD solutions like ROSA and AVA, end user clients can expect to realize a savings of up to 90% in the first year, and over 95% in subsequent years, when compared to a one robot-to-one manned guarding alternative performing the same property surveillance or access control tasks.
“This one order, facilitated through one of our favorite dealers, solidifies RAD’s footprint in the logistics and heavy manufacturing industries with a multi-site, multi-unit, mixed-use deployment of ROSAs and AVAs. It becomes our second logistics client with over 30 units,” Reinharz concluded.
RAD’s parent company AITX has filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application.
https://www.globenewswire.com/en/news-release...story.html
Detroit, Michigan, June 10, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received notice from a top dealer to expect an order for a minimum of 37 RAD devices. This will be the Company’s largest unit order through an authorized dealer. The dealer and the corporate end user are not being identified at this time due to non-disclosure agreements. The order is for a minimum of 37 units which are a mix of ROSA and AVA security robots.
The Company noted that it may release additional information on the dealer and the end user at a later date. The end user is a global leader in the transportation manufacturing industry with a presence in over 60 countries. RAD devices will be used at 5 of the end user’s manufacturing, service, and distribution centers. The end user is undergoing a modernization of their entire guarding and security profile.
“This dealer is building on their success with RAD in similar, albeit smaller, deployments. This order shows our company’s ability to deliver, maintain and grow solutions that work and provide strong ROI to dealers and end users,” said Mark Folmer, president of RAD. “The impetus for corporate end users to fill unfillable human roles while reducing cost is increasing in urgency. This order is expected to save the client millions of dollars a year while improving their safety and security profile.”
“This incredible order is one of many coming to the end of the sales cycle,” said Steve Reinharz, CEO of AITX and RAD. “I expect these types of multi-unit sale announcements to be more frequent to the point they become the regular order of business. We’re moving corporate clients from unobtainable guards to robots and saving them money in the process. It is that simple.”
By deploying RAD solutions like ROSA and AVA, end user clients can expect to realize a savings of up to 90% in the first year, and over 95% in subsequent years, when compared to a one robot-to-one manned guarding alternative performing the same property surveillance or access control tasks.
“This one order, facilitated through one of our favorite dealers, solidifies RAD’s footprint in the logistics and heavy manufacturing industries with a multi-site, multi-unit, mixed-use deployment of ROSAs and AVAs. It becomes our second logistics client with over 30 units,” Reinharz concluded.
RAD’s parent company AITX has filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application.
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