$AITX's Subsidiary Robotic Assistance Devices Rece
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Posted On: 06/16/2022 10:35:23 AM
$AITX's Subsidiary Robotic Assistance Devices Receives Anticipated Large Order, Expanded to 50 Units
https://www.globenewswire.com/news-release/20...Units.html
Detroit, Michigan, June 16, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received the anticipated large order from an authorized dealer, and the order has expanded to 50 RAD devices, adding 13 additional ROSA security robots. This becomes the Company’s largest unit order through an authorized dealer. The dealer is identified as DSI Security Services, one of the nation’s top security companies with over 4500 employees, and more than $100 Million in Annual Revenue.
The Company noted that the order quantities now stand at 44 ROSA, units plus 6 AVA autonomous access control devices. 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.
“Over the course of the past year and a half we’ve done a lot of business with RAD, and this order indicates that our clients are hungry for cost-effective solutions that do the job,” said Eddie Sorrells, Chief Operating Officer and General Counsel at DSI. “We are thrilled to be representing RAD and being out front in taking their products to market,” Sorrells concluded.
“We presented to a DSI gathering just a few weeks ago and their reps were very enthusiastic about RAD. They indicated that several big opportunities were on the horizon and ready to pop,” said Mark Folmer, president of RAD. “Just about all of their corporate clients are filling the hole created by employment vacancies with automation. I expect that this is just the tip of the iceberg.”
“If you’re going to take thirty-seven units, you might as well make it an even fifty,” said Steve Reinharz, CEO of AITX and RAD. “Our sales pipeline has significantly more multi-unit opportunities than single unit deals. I think we’ve moved past the ‘fear of being first’, and we’re well into the ‘fear of missing out’, especially when RAD can save companies millions of dollars like we’re doing with this order from DSI.”
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.
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/news-release/20...Units.html
Detroit, Michigan, June 16, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received the anticipated large order from an authorized dealer, and the order has expanded to 50 RAD devices, adding 13 additional ROSA security robots. This becomes the Company’s largest unit order through an authorized dealer. The dealer is identified as DSI Security Services, one of the nation’s top security companies with over 4500 employees, and more than $100 Million in Annual Revenue.
The Company noted that the order quantities now stand at 44 ROSA, units plus 6 AVA autonomous access control devices. 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.
“Over the course of the past year and a half we’ve done a lot of business with RAD, and this order indicates that our clients are hungry for cost-effective solutions that do the job,” said Eddie Sorrells, Chief Operating Officer and General Counsel at DSI. “We are thrilled to be representing RAD and being out front in taking their products to market,” Sorrells concluded.
“We presented to a DSI gathering just a few weeks ago and their reps were very enthusiastic about RAD. They indicated that several big opportunities were on the horizon and ready to pop,” said Mark Folmer, president of RAD. “Just about all of their corporate clients are filling the hole created by employment vacancies with automation. I expect that this is just the tip of the iceberg.”
“If you’re going to take thirty-seven units, you might as well make it an even fifty,” said Steve Reinharz, CEO of AITX and RAD. “Our sales pipeline has significantly more multi-unit opportunities than single unit deals. I think we’ve moved past the ‘fear of being first’, and we’re well into the ‘fear of missing out’, especially when RAD can save companies millions of dollars like we’re doing with this order from DSI.”
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.
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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