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Artificial Intelligence Technology Solutions Inc AITX

Artificial Intelligence Technology Solutions Inc. is engaged in the delivery of artificial intelligence (AI) and robotic solutions for operational, security, and monitoring needs. The Company is focused on applying advanced AI-driven technologies, paired with multi-use hardware and supported by custom software and cloud services, to intelligently automate and integrate a variety of high-frequency security, concierge, and operational tasks. It owns and operates three wholly owned subsidiaries, which are Robotic Assistance Devices, Inc. (RAD I), Robotic Assistance Devices Group, Inc. (RAD G) and Robotic Assistance Devices Mobile, Inc. (RAD M). RAD I own all intellectual property related to RADSoC, RAD Mobile SOC, RADGuard, and their core operating architecture. RAD G is focused on the development of advanced software and electronics solutions. RAD M is focused on the development of autonomous mobile security and facility management devices, both ground-based and airborne.


OTCPK:AITX - Post by User

Post by AveragePennyon Apr 20, 2022 12:34pm
56 Views
Post# 34616895

AITX's Subsidiary Robotic Assistance Devices Receives

AITX's Subsidiary Robotic Assistance Devices Receives

“There’s a really good reason why RAD shipped its two-hundredth ROSA last week,” said Mark Folmer, RAD President. “The robot works as promised, it eliminates problems that weren’t going away by doing nothing, it costs dramatically less than a human alternative, and the marketplace has started to notice. We are thrilled with this multiple unit ROSA order from this prestigious college and expect great results from this deployment,” Folmer added.

The Company also announced that the devices will be managed by RAD’s forthcoming ‘incident management system’. This cloud-based application advances RAD's goal of replacing the security industry’s disparate and obsolete user software and is offered by RAD at no additional cost.

“This college deployment validates everything that RAD is doing,” said Steve Reinharz, CEO of AITX. “The ROSA devices will be positioned in active areas of the campus replacing outdated security systems, without the need for communications cabling. We also anticipate the eventual utilization of RAD Light My Way which will provide students and faculty an added level of personal safety and security,” Reinharz concluded.

The Company confirmed that more than a dozen universities and colleges are actively considering RAD Light My Way, along with multiple RAD devices per location. "We recently started promoting RAD Light My Way to colleges and facility management companies since its announcement late last year," said Craig Stachecki, Senior VP of Sales at RAD. "Our sales pipeline is full of great opportunities. The multiple awards that RAD Light My Way has recently earned certainly got these industry's attention."

RAD Light My Way recently won 2 Secure Campus 2022 Awards from Campus Security & Life Safety Magazine. In October 2021 RAD Light My Way along with RAD's ROSA won CBRE’s 2021 Best Workplace Experience Solution Award.

RAD’s parent company AITX intends to file for listing on the OTCQB within 10 days of filing its YE2022 10-K.

ROSA is a compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human and 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.

https://www.globenewswire.com/news-release/2022/04/20/2425517/0/en/AITX-s-Subsidiary-Robotic-Assistance-Devices-Receives-Multiple-ROSA-Order-from-East-Coast-Private-College.html

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