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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 May 23, 2022 11:31am
90 Views
Post# 34702093

AITX's Subsidiary Robotic Assistance Devices Receives Order

AITX's Subsidiary Robotic Assistance Devices Receives Order

Detroit, Michigan, May 23, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received an order from Civitas PSG, one of the largest security companies in Romania for an AVA (Autonomous Verified Access) access control device, and one ROSA (Responsive Observation Security Agent) robotic surveillance unit.

This will be RAD’s first deployment in the European market for AVA, capable of performing all functions of a security guard at a controlled gate of entry. “The RAD solutions are certainly catching on with our clients,” said Rene Pasculescu, CEO at Civitas Group. “We have a large logistics client that is actively working to reduce their security costs. Deploying AVA at the guard gate and ROSA on the property’s perimeter will drastically cut their costs, while providing a secure environment.”

“Rene and the entire team at Civitas have been the ideal distributor for RAD in the EU,” said Mark Folmer, President of RAD. “Their sales funnel is full of RAD solutions, and we can expect to announce additional sales activity and deployments in the near future.”

“The EU market has additional hurdles to entry specifically related to GDPR compliance and CE related requirements. Our strategic investments in our team, our technology and our cyber and process controls allow us to cost-effectively open this huge new market,” said Steve Reinharz, CEO of AITX and RAD. “We appreciate Civitas leading the charge in Europe and we look forward to a growing association as they bring world-class clients into the RAD family.”

AITX achieved SOC2 Type I certification in 2021 and is currently undergoing an audit required for Type II accreditation. Additional related certifications for GDPR, CE and ISO27001 are either underway or under consideration.

“It’s always been part of our overall strategy to build a world class technology library. Our achievement of obtaining these globally recognized compliance certificates shows our capabilities and willingness to be world class. If we’re to play substantially with Fortune 500 clients and in the government space, it’s absolutely required,” Reinharz concluded.

https://www.globenewswire.com/news-release/2022/05/23/2448441/0/en/AITX-s-Subsidiary-Robotic-Assistance-Devices-Receives-Order-for-AVA-and-ROSA-Security-Robots-from-Romanian-Dealer-Civitas-Group.html

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