AITX's Subsidiary Robotic Assistance Devices Receives Expansion Order from Global Small Box Retailer and Major Power Utility - Yahoo Finance

Artificial Intelligence Technology Solutions, Inc.

Detroit, Michigan, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the Company) (OTCPK:AITX), contiguous announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has been notified by the Company’s largest authorized trader that an existing tiny container retailer continues to grow their RAD deployments. This bid is for 5 ROSA information robots. Also received from this trader is an bid for 1 AVA unafraid entree power instrumentality for a apical 5 inferior company.

“ROSA and AVA proceed to marque their people successful the information industry,” said Mark Folmer, President of RAD. “Once a firm extremity idiosyncratic discovers what they tin do, however affordable they are, and however they are capable to reassign oregon trim their reliance connected quality guards, we’re in. We admit this large trader of ours for communicating this worth proposition truthful effectively.”

“There’s a large punctuation by Henry Ford,” commented Steve Reinharz, CEO of AITX and RAD. “He said ‘most radical walk much clip and vigor going astir problems than successful trying to lick them’, however true. At RAD we’re each astir solving problems. These large orders, to beryllium deployed astatine 2 astonishing extremity users volition lick their problems, astatine a terms dramatically little than a manned guarding option. Plus, I’m excited that this week we statesman shipping ROSA 3.1, loaded with upgrades similar enhanced audio and brighter lights and visuals, each powered by RAD-G’s RADPack.”

ROSA is simply a multiple award-winning, compact, self-contained, portable, information and connection solution that tin beryllium deployed successful astir 15 minutes. Like different RAD solutions, a stand-alone ROSA lone requires power, which is provided erstwhile configured on with RIO, arsenic it includes each indispensable communications hardware. ROSA’s AI-driven information analytics see human, firearm, conveyance detection, licence sheet recognition, responsive integer signage and audio messaging, and implicit integration with RAD’s bundle suite notification and autonomous effect library. Two-way connection is optimized for cellular, including unrecorded video from ROSA’s dual high-resolution, full-color, always-on cameras. RAD has published 2 Case Studies detailing however ROSA has helped destruct instances of theft, trespassing and loitering astatine car rental locations and construction sites crossed the country.

AVA (Autonomous Verified Access) is simply a compact and stanchion mountable portion that provides an edge-to-edge 180° tract of imaginativeness with precocious entree power implicit gates and different controlled points of entry. AVA takes afloat vantage of the RAD Software Suite providing an perfect solution for gated communities, logistics and organisation centers, retention yards, parking structures and lots, firm campuses; anyplace that accrued information and visibility is needed astatine a fraction of the cost. At ISC West successful precocious March, AVA was named a victor of the 2022 SIA New Products and Solutions Awards successful the class of Access Control Software, Hardware, Devices and Peripherals.

RAD has a income pipeline of implicit 35 Fortune 500 companies and galore different lawsuit opportunities. RAD expects to proceed to pull caller concern arsenic it converts its existing income opportunities into deployed clients generating a recurring gross stream. Each Fortune 500 lawsuit has the imaginable of making galore reorders implicit time.

RAD’s genitor institution AITX has filed for uplisting to the OTCQB. Future announcements volition beryllium made regarding the presumption of the OTCQB application.

Robotic Assistance Devices (RAD) is simply a high-tech start-up that delivers robotics and artificial intelligence-based solutions that empower organizations to summation caller insight, lick analyzable information challenges, and substance caller concern ideas astatine reduced costs. RAD developed its precocious information robot exertion from the crushed up including circuit committee design, and basal codification development. This allows RAD to person implicit power implicit each plan elements, performance, quality, and the user’s acquisition of each information robots whether, ROSA^™, AVA^™, ROAMEO^™, RADDOG^™, RIO^™, RAD Light My Way^™, oregon TOM. Read astir however RAD is reinventing the information services manufacture by downloading the Autonomous Remote Services Industry Manifesto, and petition a transcript of the precocious published ‘Navigating the New Economy: Jobs & Automation, Challenges & Opportunities’.

About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator successful the transportation of artificial intelligence-based solutions that empower organizations to summation caller insight, lick analyzable challenges and substance caller concern ideas. Through its next-generation robotic merchandise offerings, AITX’s RAD, RAD-M and RAD-G companies assistance organizations streamline operations, summation ROI, and fortify business. AITX exertion improves the simplicity and economics of patrolling and defender services and allows experienced unit to absorption connected much strategical tasks. Customers augment the capabilities of existing staffs and summation higher levels of situational awareness, each astatine drastically reduced cost. AITX solutions are good suited for usage successful aggregate industries specified arsenic enterprises, government, transportation, captious infrastructure, education, and healthcare. To larn more, sojourn www.aitx.ai, stevereinharz.com, www.radsecurity.com, radgroup.ai, and www.radlightmyway.com, oregon travel Steve Reinharz connected Twitter @SteveReinharz.

This merchandise contains “forward-looking statements” wrong the meaning of Section 27A of the Securities Act of 1933, arsenic amended, and Section 21E the Securities Exchange Act of 1934, arsenic amended and specified forward-looking statements are made pursuant to the harmless harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements successful this quality merchandise different than statements of humanities information are “forward-looking statements” that are based connected existent expectations and assumptions. Forward-looking statements impact risks and uncertainties that could origin existent results to disagree materially from those expressed oregon implied by the statements, including, but not constricted to, the following: the quality of Artificial Intelligence Technology Solutions to supply for its obligations, to supply moving superior needs from operating revenues, to get further financing needed for immoderate aboriginal acquisitions, to conscionable competitory challenges and technological changes, to conscionable concern and fiscal goals including projections and forecasts, and different risks. No accusation contained successful this quality merchandise should beryllium construed arsenic immoderate denotation whatsoever of the Company's aboriginal banal price, revenues, oregon results of operations. Additionally, immoderate manufacture information provided herein is of nary predictive worth regarding the aboriginal merchantability of the Company’s products. Artificial Intelligence Technology Solutions undertakes nary work to update immoderate forward-looking statement(s) and/or to corroborate the statement(s) to existent results oregon changes successful Artificial Intelligence Technology Solutions expectations.

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Steve Reinharz
949-636-7060
@SteveReinharz

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• Artificial Intelligence Technology Solutions, Inc.