artificial intelligence technology solutions, inc.
DETROIT, Mich., Nov. 15, 2022 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions Company, (the company) (OTCPK: AITX), today that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has received an order for 2 ROAMEO Mobile Security Robots. This order, a capital purchase being facilitated through one of RAD’s largest authorized dealers, will see ROAMEO deployed at the utility company’s main offices, and the other at one of their field locations. This customer recently placed an order AVA Access control bot announced via press release on November 3, 2022.
The company expects to publicly announce the end user in the near future as the customer has expressed support for this being made public.
“This is the exact application that ROAMEO was developed to implement,” said Mark Vollmer, President of RAD. Power companies usually have large utility yards to patrol, often with open fields and rough, unpaved roads. No other mobile safety robot can autonomously patrol such difficult terrain characteristics.”
RAD has confirmed that these will be next-generation ROAMEO 3.0 units and will be deployed in the summer of 2023. ROAMEO 3.0 builds on thousands of hours of ROAMEO 2.0 field deployment, with upgrades including increased speed and mobility, lower production costs, and faster production time, and is powered by RAD-GRadPack.
“Once again, RAD’s largest dealer delivers high revenue business from a Fortune 500 client,” said Steve Reinharz, CEO of AITX and RAD. “The cost of having human security guards patrolling these facility properties has gone up if you can find the manpower to fill the junk job. It’s just inevitable that these mail orders will be assigned to ROAMEO, hard RAD.”
Romeo It is a mobile safety robot that is about 7 feet tall and weighs over 700 pounds. The ROAMEO is designed to self-patroll an property or perimeter and survey its perimeter, perform routine patrols, record, and report to a central command post. The security robot’s dual 18.5-inch internet-connected touch screens provide customizable information and concierge services to guests it may encounter while on patrol.
RAD has a sales pipeline of over 35 Fortune 500 companies and many other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into established customers that generate a recurring revenue stream. Every Fortune 500 customer has the potential to make many reorders over time.
RAD’s parent company AITX has applied for the OTCQB listing. 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 reduced costs. RAD has developed its advanced security robotics technology from the ground up including circuit board design, core code development. This allows RAD to have complete control over all elements of design, performance, quality and user experience of all security bots whether it be, ROSA™Ava™Romeo™Radog™Rio™RAD Light My Way™, or TOM. Read about how RAD is reinventing the security services industry by downloading our Independent teleservices industry statementand request a copy of the newly published Navigating the New Economy: Jobs and Automation, Challenges and Opportunities.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in providing AI-based solutions that enable organizations to gain new insights, solve complex challenges and nurture new business ideas. With its next-generation robotic product offerings, AITX’s RAD, RAD-M, and RAD-G companies help organizations streamline operations, increase return on investment, 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 dramatically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprise, government, transportation, critical infrastructure, education, and healthcare. To find out more, visit www.aitx.aiAnd the stevereinharz.comAnd the www.radsecurity.comAnd the radgroup. aiAnd the www.radlightmyway.comor follow Steve Reinharz on Twitter @employee.
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 Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Litigation Reform Act securities for the year 1995. Statements in this press release other than statements of historical fact 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: the ability of AI technology solutions to deliver on their commitments, working capital needs from Operating revenue, to obtain additional funding required for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial objectives including projections and forecasts, and other risks. No information contained 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, any industry data presented herein has no predictive value regarding the future sale of the Company’s products. AI Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or confirm statement(s) on actual results or changes in expectations of AI Technology Solutions.
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