RAD Receives Surge of 33 Security Robots Placed on Order
Orders for 33 Devices Secured Since Last Public Update
Detroit, Michigan, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has received multiple orders, totaling 33 units, to be delivered to four different clients. The product mix of the 33 security devices ordered since the last public announcement is 28 ROSAs and five TOMs.
"It's wonderful to see the RAD sales pipeline flow with big potential opportunities and the addition of new authorized dealers," said Mark Folmer, President at RAD. "One of our very active dealers is extending their dominance into the auto market with a single order of 26 ROSA units, the details of which we will release in the future. Additionally, we're thrilled to add two new regional powerhouse dealers that will each take a ROSA as a demo unit. Plus, another existing client is further expanding their system with an additional five TOM units. Last week was a solid sales week."
RAD's ROSA has received industry recognition for its autonomous ability to detect and deter instances of trespassing and other property intrusions without the need for manned guarding assistance. Folmer confirmed that all 26 ROSAs will be deployed at one of the client's distribution centers.
"Every deployment is an advertisement for continued potential expansion. I hope that after these 26 units are successfully deployed this end user will expand through the rest of their facilities," said Steve Reinharz, CEO of AITX and RAD. "The RAD technology now shipping is proving its value every day helping keep properties and assets secure. When the end-users realize the great savings that are gained over costly manpower, they order more. We will continue to create and deploy complementary solutions to fulfill our mission of revolutionizing proptech with AI-enabled technology and near Wi-Fi quality cellular connectivity," Reinharz concluded.
Although not yet named due to confidentiality agreements, the Company indicated that the end-user for the five TOM visitor management devices is an existing client, a global leader in supply chain management and third-party logistics. The TOM devices are expected to be deployed in November at one of the client's logistics centers.
RAD expects to make additional announcements of recently signed authorized dealers and further sales updates in the immediate future.
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, a stand-alone ROSA only requires power, which is provided when configured along with RIO, as it includes all necessary communications hardware. ROSA's AI-driven security analytics include human, firearm, 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.
RAD has a sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
RAD's parent company AITX has filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application.
Read More: https://investorshangout.com/post/view?id=648...z7iL1oKEpb
Orders for 33 Devices Secured Since Last Public Update
Detroit, Michigan, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has received multiple orders, totaling 33 units, to be delivered to four different clients. The product mix of the 33 security devices ordered since the last public announcement is 28 ROSAs and five TOMs.
"It's wonderful to see the RAD sales pipeline flow with big potential opportunities and the addition of new authorized dealers," said Mark Folmer, President at RAD. "One of our very active dealers is extending their dominance into the auto market with a single order of 26 ROSA units, the details of which we will release in the future. Additionally, we're thrilled to add two new regional powerhouse dealers that will each take a ROSA as a demo unit. Plus, another existing client is further expanding their system with an additional five TOM units. Last week was a solid sales week."
RAD's ROSA has received industry recognition for its autonomous ability to detect and deter instances of trespassing and other property intrusions without the need for manned guarding assistance. Folmer confirmed that all 26 ROSAs will be deployed at one of the client's distribution centers.
"Every deployment is an advertisement for continued potential expansion. I hope that after these 26 units are successfully deployed this end user will expand through the rest of their facilities," said Steve Reinharz, CEO of AITX and RAD. "The RAD technology now shipping is proving its value every day helping keep properties and assets secure. When the end-users realize the great savings that are gained over costly manpower, they order more. We will continue to create and deploy complementary solutions to fulfill our mission of revolutionizing proptech with AI-enabled technology and near Wi-Fi quality cellular connectivity," Reinharz concluded.
Although not yet named due to confidentiality agreements, the Company indicated that the end-user for the five TOM visitor management devices is an existing client, a global leader in supply chain management and third-party logistics. The TOM devices are expected to be deployed in November at one of the client's logistics centers.
RAD expects to make additional announcements of recently signed authorized dealers and further sales updates in the immediate future.
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, a stand-alone ROSA only requires power, which is provided when configured along with RIO, as it includes all necessary communications hardware. ROSA's AI-driven security analytics include human, firearm, 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.
RAD has a sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
RAD's parent company AITX has filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application.
Read More: https://investorshangout.com/post/view?id=648...z7iL1oKEpb
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