rad Agent focus on successfully placing AVA in closed communities
Detroit, Michigan, October 13, 2022 (GLOBE NEWSWIRE) – Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX), along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) today announced that one of its authorized dealers, St. Moritz Security Services, Inc. With the spread of AVA in gated communities. St. Moritz has also placed its fifth anti-viral antiviral (AVA) order to be published in a community in South Florida.
“We have seen great response and results with RAD’s AVA in closed communities,” said Yvan Nardone, chief technology officer of St Moritz Security Services. Gate. AVA it is.”
St. Moritz added that it is actively supporting five gated communities with AVAs deployed or pending installation.
“We love the interest St. Moritz is giving AVA at HOAs and other gated properties,” said Mark Vollmer, President of RAD. “Ongoing staffing issues and clients’ desire to reduce costs are definitely driving interest in RAD solutions. St. Moritz does an excellent job of meeting those needs with RAD,” Vollmer continued.
St. Moritz generated over $140 million in annual sales in 2022 making it one of the largest American-owned security companies in the United States and within the top 2% of all security companies worldwide. St. Moritz has thirty offices across the country covering all parts of the United States and Canada.
AVA (Authorized Independent Access) is a compact, stent-mountable unit that provides a 180-degree edge-to-edge field of view with advanced access control through gates and other controlled entry points. AVA takes full advantage of the RAD suite of software that provides an ideal solution for gated communities, logistics and distribution centers, storage yards, parking structures, parking lots and corporate campuses; Anywhere increased security and visibility is needed at a fraction of the cost. At ISC West in late March, AVA was named the winner of the 2022 SIA Awards for New Products and Solutions in the Access Control Software, Hardware, Hardware, and Peripherals category.
RAD has a sales pipeline of over 35 Fortune 500 companies and many other customer opportunities. RAD expects to continue to attract new business as it transforms its existing sales opportunities into diffuse customers that generate a recurring stream of revenue. Each Fortune 500 customer has the potential to make multiple reorders over time.
RAD’s parent company, AITX, has applied for the OTCQB list. The status of the OTCQB application will be announced in the future.
Robotic Assistive Devices (RAD) is a high-tech startup that provides robotics and AI-based solutions that enable organizations to gain new insights, solve complex security challenges, and fuel new business ideas at low costs. RAD has developed its advanced security robotics technology from the ground up including circuit board design and core code development. This allows RAD to have complete control over all elements of the design, performance, quality and user experience of all security bots either, ROSA™AVA™romeo™radog™rio™or RAD Light My Way™. Read about how RAD is reinventing the security services industry by downloading the Remote Self-Service Industry Manifesto, and order a copy of the recently published “Navigating the New Economy: Jobs, Automation, Challenges and Opportunities.”
Cautionary Disclosure About Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made in accordance with the provisions of the Private Litigation Reform Act 1995 Securities. Statements in this press release other than statements of historical facts are “forward-looking statements” that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements, including, but not limited to, the following: AI solutions’ ability to deliver on their commitments, working capital needs of Operating income, to obtain additional financing required for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial objectives including forecasts and forecasts, and other risks. No information in this press release should be construed as any indication whatsoever of the Company’s future stock price, revenue, or results of operations. In addition, the industry data presented here is not of predictive value with respect to the future sale of the Company’s products. AI Solutions undertakes no duty to update any forward-looking statement(s) and/or confirm the statement(s) on actual results or changes in AI Solutions’ expectations.
About Artificial Intelligence Technology (AITX) Solutions
AITX is an innovator in providing artificial intelligence-based solutions that enable organizations to gain new insights, solve complex challenges, and nurture new business ideas. With their next-generation robotic product offerings, AITX’s RAD, RAD-M, and RAD-G companies help organizations streamline operations, increase ROI, and boost business. AITX technology improves the simplicity and economy of patrol and guard services and allows experienced personnel to focus on more strategic tasks. Clients increase the capabilities of existing employees and gain higher levels of situational awareness, all at a significantly reduced cost. AITX solutions are well suited for use in multiple industries such as enterprise, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, stevereinharz.com, www.radsecurity.com, radgroup.ai and www.radlightmyway.com or follow Steve Reinharz on Twitter @SteveReinharz.
Artificial Intelligence Technology Solutions, Inc.
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