Detroit, Michigan, Dec. 13, 2022 (GLOBE NEWSWIRE)
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Posted On: 12/15/2022 7:09:53 AM
Detroit, Michigan, Dec. 13, 2022 (GLOBE NEWSWIRE ) -- Artificial Intelligence Technology Solutions, Inc., (the "Company" (OTCPK: AITX), along with its wholly owned subsidiary, Robotic Assistance Devices Inc. (RAD), conducted an Investor Open House and RAD Technology Reveal before an audience of about 100 attendees. The audience included a mix of retail investors and security industry dignitaries.
The event was held at the Company's manufacturing facility, the 'REX', located in Ferndale, Michigan. The entire presentation was live-streamed on YouTube and is available for viewing at https://youtu.be/4pTcf12xJdM
Attendees were greeted by a ROAMEO on patrol in close proximity to the parking lot. A-ROSA 3.1 security device audibly and visibly welcomed visitors outside the REX entrance, and all were checked in via an AVA access control unit in the lobby.
The Open House featured presentations by various RAD executives including Mark Folmer, RAD's President, Tony Taylor, RAD's COO, and Ravi Gade, RAD-G's Director of OEM Programs. Also present were 2 RAD dealers, and the captain of AITX's eSports team. Steve Reinharz, CEO of AITX and RAD was the emcee and host of the event.
"Wednesday's Open House and Technology Reveal far exceeded our very high expectations," said Steve Reinharz. "Our plan was to pack in as much information, recent developments, and product announcements as time would permit. From the feedback I've received thus far, we hit multiple home runs."
The main event at the event was the public introduction of RADDOG(TM), RAD's quadruped robot dog, developed specifically for the security services, logistics, utilities, and property management industries. RADDOG integrates RAD-G's RADPack plus the entire RAD ecosystem of connectivity. "No one in the security industry has seen anything comparable to RADDOG. This incredible innovation ties together all of RAD's stationary and mobile solutions, opening up so many new opportunities for us," Reinharz added.
Highlights of the event incorporated demonstrations, updates and new solution introductions including:
A review of AITX's ' Why are we in business"
The Company believes in missions that are worthwhile are worth our time. That AITX's mission to work on labor-related challenges is worthy
That being at the forefront of inevitable change is worthwhile
The Company's subsidiary, RAD, focuses on a portion of these worthy undertakings The promotion of Troy McCanna, former FBI Agent, Multi-Jurisdictional Task Force Coordinator/Supervisor, to the position of RAD's Chief Security Officer
RAD's new branding package, positions the company as a world-class tech organization. Updates of new RAD merchandise on the Company's store https://shopaitx.com
Security and Risk Management expert Jeff Slotnick CPP, PSP, presented insight on how the once stubborn industry is moving to adapt to RAD's innovations
Eddie Sorrells CPP, PSP, PSI, and COO of RAD dealer DSI Security Services discussed how deploying RAD's autonomous devices at customer sites is often the best solution as an alternative to adding more manpower. Mr. Sorrells shared a case study of how RAD ROSA deployments saved a client $150,000 annually
Raleigh Taylor, CEO of Premier Protective Security, Inc., also a RAD dealer presented how RAD solutions have helped reduce instances of trespassing by up to 80% at his company's retail clients
RAD performed a firearm detection demonstration utilizing multiple ROSA devices and discussed the impact of Bailey's Gift campaign
An interactive demonstration of AVA's enhanced noise cancelation technology, reducing truck diesel engine and other ambient noises during a vehicle check-in and verification
Mark Folmer presented a video of RAD's initial deployment of RIO Original and announced a new solution, RIO Mini, a cost-reduced, solar-powered security tower.
Tony Taylor introduced ROSS, RAD's software solution enabling the millions of IP security cameras already deployed to have the ability to connect with the RAD ecosystem (RADSoC). ROSS empowers these non-RAD cameras to run the same AI analytic capabilities as other RAD hardware solutions.
Ravi Gade provided an update on RAD-G's launch into vertical OEM markets, initially targeting electric vehicle charging station manufacturers. Steve Reinharz commented on the success of ROAMEO 2.x, and announced that development has begun on ROAMEO 3.0, coming in Q3 of 2023.
AITX's popular eSports team members discussed the impact that AITX and RAD technology will have an entire generation of tech-savvy consumers
Several RADDOG demonstrations were conducted, showcasing the smart quadruped's ability to autonomously 'follow' a human, interact with remote monitoring personnel and be autonomously dispatched by another RAD device upon detecting a suspicious activity
Reinharz offered closing thoughts regarding the Company's growth, trajectory, and drive towards profitability.
"It was incredible to hear, first-hand, from RAD dealers and industry notables how RAD is actively reshaping the security industry," said Mark Folmer, CPP, FSyI, President of RAD. "The momentum is on our side right now; our sales pipeline is full. These new product announcements coupled with testimonials from these great dealers should only push things further and faster."
"These open house and tech reveal events are so fun to execute. It's invigorating to be able to present the end result of our team's amazing work and creativity. I'm already planning the next series of events," Reinharz concluded.
AITX through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics, and software platforms are developed in-house.
RAD has a prospective 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.
Read More: https://investorshangout.com/post/view?id=651...z7nXUtE710
The event was held at the Company's manufacturing facility, the 'REX', located in Ferndale, Michigan. The entire presentation was live-streamed on YouTube and is available for viewing at https://youtu.be/4pTcf12xJdM
Attendees were greeted by a ROAMEO on patrol in close proximity to the parking lot. A-ROSA 3.1 security device audibly and visibly welcomed visitors outside the REX entrance, and all were checked in via an AVA access control unit in the lobby.
The Open House featured presentations by various RAD executives including Mark Folmer, RAD's President, Tony Taylor, RAD's COO, and Ravi Gade, RAD-G's Director of OEM Programs. Also present were 2 RAD dealers, and the captain of AITX's eSports team. Steve Reinharz, CEO of AITX and RAD was the emcee and host of the event.
"Wednesday's Open House and Technology Reveal far exceeded our very high expectations," said Steve Reinharz. "Our plan was to pack in as much information, recent developments, and product announcements as time would permit. From the feedback I've received thus far, we hit multiple home runs."
The main event at the event was the public introduction of RADDOG(TM), RAD's quadruped robot dog, developed specifically for the security services, logistics, utilities, and property management industries. RADDOG integrates RAD-G's RADPack plus the entire RAD ecosystem of connectivity. "No one in the security industry has seen anything comparable to RADDOG. This incredible innovation ties together all of RAD's stationary and mobile solutions, opening up so many new opportunities for us," Reinharz added.
Highlights of the event incorporated demonstrations, updates and new solution introductions including:
A review of AITX's ' Why are we in business"
The Company believes in missions that are worthwhile are worth our time. That AITX's mission to work on labor-related challenges is worthy
That being at the forefront of inevitable change is worthwhile
The Company's subsidiary, RAD, focuses on a portion of these worthy undertakings The promotion of Troy McCanna, former FBI Agent, Multi-Jurisdictional Task Force Coordinator/Supervisor, to the position of RAD's Chief Security Officer
RAD's new branding package, positions the company as a world-class tech organization. Updates of new RAD merchandise on the Company's store https://shopaitx.com
Security and Risk Management expert Jeff Slotnick CPP, PSP, presented insight on how the once stubborn industry is moving to adapt to RAD's innovations
Eddie Sorrells CPP, PSP, PSI, and COO of RAD dealer DSI Security Services discussed how deploying RAD's autonomous devices at customer sites is often the best solution as an alternative to adding more manpower. Mr. Sorrells shared a case study of how RAD ROSA deployments saved a client $150,000 annually
Raleigh Taylor, CEO of Premier Protective Security, Inc., also a RAD dealer presented how RAD solutions have helped reduce instances of trespassing by up to 80% at his company's retail clients
RAD performed a firearm detection demonstration utilizing multiple ROSA devices and discussed the impact of Bailey's Gift campaign
An interactive demonstration of AVA's enhanced noise cancelation technology, reducing truck diesel engine and other ambient noises during a vehicle check-in and verification
Mark Folmer presented a video of RAD's initial deployment of RIO Original and announced a new solution, RIO Mini, a cost-reduced, solar-powered security tower.
Tony Taylor introduced ROSS, RAD's software solution enabling the millions of IP security cameras already deployed to have the ability to connect with the RAD ecosystem (RADSoC). ROSS empowers these non-RAD cameras to run the same AI analytic capabilities as other RAD hardware solutions.
Ravi Gade provided an update on RAD-G's launch into vertical OEM markets, initially targeting electric vehicle charging station manufacturers. Steve Reinharz commented on the success of ROAMEO 2.x, and announced that development has begun on ROAMEO 3.0, coming in Q3 of 2023.
AITX's popular eSports team members discussed the impact that AITX and RAD technology will have an entire generation of tech-savvy consumers
Several RADDOG demonstrations were conducted, showcasing the smart quadruped's ability to autonomously 'follow' a human, interact with remote monitoring personnel and be autonomously dispatched by another RAD device upon detecting a suspicious activity
Reinharz offered closing thoughts regarding the Company's growth, trajectory, and drive towards profitability.
"It was incredible to hear, first-hand, from RAD dealers and industry notables how RAD is actively reshaping the security industry," said Mark Folmer, CPP, FSyI, President of RAD. "The momentum is on our side right now; our sales pipeline is full. These new product announcements coupled with testimonials from these great dealers should only push things further and faster."
"These open house and tech reveal events are so fun to execute. It's invigorating to be able to present the end result of our team's amazing work and creativity. I'm already planning the next series of events," Reinharz concluded.
AITX through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics, and software platforms are developed in-house.
RAD has a prospective 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.
Read More: https://investorshangout.com/post/view?id=651...z7nXUtE710
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