$AITX Aug. 10, 2022 (GLOBE NEWSWIRE) -- Artificial
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Posted On: 08/10/2022 9:11:20 AM
$AITX Aug. 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 a Letter of Intent (LOI) with an east coast parochial school to deploy 2 ROSA security robots with firearm detection technology. Coinciding with this deployment, RAD is announcing the integration of its RADSoC™ with its full suite of AI analytics with existing networks of security cameras. The school presently has approximately 120 security cameras, of which 50 will be connected to the RAD ecosystem.
RADSoC is RAD’s proprietary, hybrid on-premises/cloud series of applications that until now has been limited to only RAD devices. The announced plan of RADSoC’s integration with existing networks of IP-based cameras opens the Company’s addressable market potentially to the several hundred million security cameras presently deployed across RAD’s target markets.
“This one deployment has the potential makings of a seminal moment for AITX and RAD,” said Steve Reinharz, CEO of AITX and RAD. “We knew from the start that we were a software company needing to build amazing hardware in order to execute our remarkable software. This school is about to deploy both.”
RADSoC is RAD’s proprietary, hybrid on-premises/cloud series of applications that until now has been limited to only RAD devices. The announced plan of RADSoC’s integration with existing networks of IP-based cameras opens the Company’s addressable market potentially to the several hundred million security cameras presently deployed across RAD’s target markets.
“This one deployment has the potential makings of a seminal moment for AITX and RAD,” said Steve Reinharz, CEO of AITX and RAD. “We knew from the start that we were a software company needing to build amazing hardware in order to execute our remarkable software. This school is about to deploy both.”
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