RAD Largest End User Expands to 51 Units with 14 Additional

New Post Public Reply Private Reply Replies (0) Message Board
Ulf53
270
RAD Largest End User Expands to 51 Units with 14 Additional Units
August 8, 2022 (Globe Newswire)

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) will receive an add-on order of 14 additional units.

On June 16, 2022, AITX issued a press release announcing RAD's receipt of its largest single order to date which was for a total of 50 units. Thirty-seven of the 50 units were earmarked for a well-known mid-west-based manufacturer and were to be deployed at five of their locations.

RAD now announces that after assessing the end-user's locations. along with the authorized dealer, the portion of the order that was for 37 units has now increased to a total of 51, consisting of 42 ROSAs, 5 RIOs and 4 AVA devices for this single end-user. RAD's dealer made the recommendations to the end-user that the time was right to deploy RAD's cost-effective and proven solutions. The end-user's comments were 'let's not waste time refurbishing old technology, let's go RAD!'

"This is exactly what we love to see, end users engaging, seeing the utility of RAD and partnering with their guarding providers for improved security and significant cost savings," said Mark Folmer, RAD's President. "I expect that the other clients earmarked for the other 13 units of the original 50-unit order will also expand."

"This puts that one specific end-user as our single largest client, but I think only for a moment. I expect them to soon be our second largest client as our original largest client continues their nationwide expansion," said Steve Reinharz, CEO of AITX.

RAD's parent company AITX has filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application.

ROSA is a multiple award-winning, 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.

AVA (Autonomous Verified Access) is a compact and stanchion mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry. AVA takes full advantage of the RAD Software Suite providing an ideal solution for logistics and distribution centers, storage yards, parking structures and lots, corporate campuses; anywhere that increased visibility is needed at a fraction of the cost. At ISC West in late March, AVA was named a winner of the 2022 SIA New Products and Solutions Awards in the category of Access Control Software, Hardware, Devices and Peripherals.

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, CASSIE(TM), RIO, or RAD Light My Way. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto, and request a copy of the recently published 'Navigating the New Economy: Jobs & Automation, Challenges & Opportunities'.


Read More: https://investorshangout.com/post/view?id=645...z7bOXJBDZn

Artificial Intelligence Technology Solutions Inc. (AITX) Stock Research Links

AITX Board Company Profile Buy Rating Time & Sales News Filings Financials
Robert
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Seasonal Hiring Booms as Firms Eye Long-Term Talent

Updated Category News Views 145

A Strategic Shift in Seasonal Hiring It ain't just about the holiday rush anymore, folks. Companies are waking up to the idea that seasonal gigs are more than a temporary Band-Aid. This year, nearly 2 out of 5 companies are planning to bring more seasonal folks into the fold compared to last year. That means a good dose of them are looking for longer-term value—like...

Continue Reading
Banco Macro S.A. Plans $160B Share Buyback Initiative

Updated Category News Views 24

Tapping into Share Buybacks in a Tumultuous Market Out of nowhere, Banco Macro S.A. has decided to whip up a share buyback program, a lifeline for their current market value. Let me tell you, the market's more volatile than a caffeinated squirrel these days, hitting the financial scenery harder than a hammer on a glass table. So, Banco Macro's taken a deep breath and...

Continue Reading
Insurify's AI Gateway: A New Era in Insurance Shopping

Updated Category News Views 90

Insurify's Game-Changing AI Agent Gateway In the insurance world, Insurify's latest move feels like a bull charging through a ticker tape parade. This Cambridge-based pioneer unveiled its AI Agent Gateway, aiming to put consumers back in the driver's seat. By connecting digital assistant agents to its platform, Insurify's making insurance shopping a bit less like pulling...

Continue Reading
MetroScape: Local Roots Fuel Bold DFW Growth Plans

Updated Category News Views 145

A Local Business with Big Aspirations Here's the deal, folks: Local guys Dr. Marc Nickell and Chris Brewer snatched up MetroScape Landscape like it was the last slice of grandma's pie. Why? Not just for the greenbacks—they're putting down roots in their very own backyard, the Dallas-Fort Worth area. What Does Local Really Mean? Look, it's one thing hitting up a...

Continue Reading
Water UP! Celebrates Five Years, 61 Graduate So Far

Updated Category News Views 46

Reflecting on Five Years of Water UP! New Jersey American Water's workforce development initiative, Water UP!, is painting a picture of success as it marks its fifth year. The program celebrated its 2026 graduating class at the Camden headquarters—a milestone with both numbers and faces as evidence of its impact. A Closer Look at the Journey It’s not just about a...

Continue Reading
Infinite Electronics Reveals Cutting-Edge Connectivity at Electronica

Updated Category News Views 102

Infinite Electronics Makes Waves at Electronica 2026 Let’s get down to brass tacks: Infinite Electronics is setting up one heck of a show at the electronica 2026 in Munich from November 10–13. They're not just there to give out free pens—these guys mean business with connectivity products that cover everything from drones to industrial automation. A Showcase of...

Continue Reading
Temu Joins DBI to Boost Irish Digital Business Growth

Updated Category News Views 22

You know it's a lively day when Temu, the big fish in the e-commerce pond, decides to dive into Ireland's digital waters by joining forces with Digital Business Ireland (DBI). Yeah, we're talking about more than just a handshake here. If you’re wondering why this matters, keep your ears open to the whispers of opportunity. Temu's addition isn't just a membership; it's a...

Continue Reading
Nikon Unveils Game-Changing Zoom Lens for Pros

Updated Category News Views 35

Nikon Raises the Bar with New Pro Zoom Lens Well, Nikon's done it again, folks. They've dropped the NIKKOR Z 120-300mm f/2.8 TC VR S lens, and it looks like they're giving photographers something to drool over. Now, before you start rolling your eyes, this isn't just another shiny gadget. This bad boy is lighter and faster than anything Nikon's thrown at us before, and it...

Continue Reading
Lilly Taps AI for Alzheimer’s Research with SpeechDx

Updated Category News Views 96

Some folks might just brush off a little forgetfulness as old age, but what if we could pinpoint Alzheimer's up front with just the way someone talks? That’s the big league play Eli Lilly's making by licensing the SpeechDx dataset from the Alzheimer's Drug Discovery Foundation (ADDF). This ain't your run-of-the-mill data—it's the largest harmonized longitudinal...

Continue Reading
Minesto Charts Bold Tides with Dragon Farms Funding

Updated Category News Views 19

Minesto’s making waves, folks, and it ain’t just its tech splashing around. This Swedish tidal power ace is strutting on the global stage, flexing some serious muscle with projects that mean business. From the dragon-taming Faroe Islands to the Irish coasts, they’re pushing the envelope on tidal energy, and investors might wanna take note. Dragon Power Unleashed:...

Continue Reading

Top 5 Most Recently Viewed Articles

Citi Research Places Buy Rating on Alstom with Risks Noted

Updated Category News Views 85

Citi Research Assigns Buy Rating to Alstom, Highlighting Risks Citi Research has recently given Alstom (EPA: ALSO) a high-risk Buy rating, establishing a price target of €22, while the current market price sits at €16.10. This noteworthy rating arises amidst mixed performance signals from the company. Although Alstom shares have faced some obstacles, largely due to...

Continue Reading
Hennessy Advisors Reevaluates Executive Pay Structure for Growth

Updated Category News Views 68

Hennessy Advisors Announces Changes to Executive Compensation Hennessy Advisors, Inc. has recently announced some updates to the compensation plans for its key executives via an official filing. Starting October 1, Neil J. Hennessy, the firm's founder and a prominent leader, will see his quarterly incentive bonus change from 6.5% to 5.0% of the pre-tax profits. On the...

Continue Reading
Exploring the Best Dividend Stocks for Reliable Income

Updated Category News Views 75

Many investors have been drawn to the allure of dividends, providing passive income that complements their earnings. Strong dividend stocks typically stem from companies with solid business models, positive cash flow, and a commitment to sharing profits. But potential investors should always look beyond mere payouts when evaluating these stocks. Companies with a proven...

Continue Reading
Kathleen Hinn Celebrated as a Pinnacle Professional Member

Updated Category News Views 154

Kathleen Hinn Recognized as a Pinnacle Professional Member Prominently featured in the Inner Circle, Kathleen Hinn is honored as a Pinnacle Professional Member for her exceptional contributions to the real estate industry over the past five decades. A Trusted Name in Real Estate Kathleen Hinn has established herself as a prominent figure in both residential and commercial...

Continue Reading
Performance Shipping Secures $100 Million in Bond Offering Success

Updated Category News Views 139

Performance Shipping Achieves Major Bond Offering Milestone Performance Shipping Inc. (NASDAQ: PSHG), a prominent player in the shipping sector, recently announced a significant achievement—a successful placement of $100 million in bonds within the Nordic bond market. This strategic move not only reinforces the company’s financial positioning but also reflects its...

Continue Reading