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Bullboard - Stock Discussion Forum 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... see more

OTCPK:AITX - Post Discussion

Artificial Intelligence Technology Solutions Inc > Robotic Assistance Devices Orders 1000 ROSA Enclosures
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Post by AveragePenny on Feb 28, 2022 11:54am

Robotic Assistance Devices Orders 1000 ROSA Enclosures

The Company noted that over an anticipated lifespan of 4,000 units, and including amortization of tooling, ROSA 3.0 enclosure costs will decrease 88% from approximately $350 per unit to $75 per unit.

“End-users and dealers frequently ask for immediate delivery of ROSA units,” said Mark Folmer, President of RAD. “Clients continue to discover the unique capabilities of ROSA and the other RAD security robots in helping eliminate troublesome security issues while saving money and reducing the need and risk of human guard deployments. With this large ROSA 3.0 enclosure order and other related investments in ROSA production we will soon be able to deploy almost any ROSA order within 24 hours.”

RAD anticipates ROSA 3.0 per unit costs to be 50% of ROSA180 after the first few hundred ROSA 3.0 units are produced. These cost reductions should be made possible by RAD-G’s ‘RADPack Mini’ controller that will replace most existing internal hardware. “Our strategy has always been to drive costs down through tight integration of RAD developed components, strengthening our purchasing power, and reinforcing our manufacturing capabilities at the REX. We are well on our way to achieving these goals,” Reinharz commented.

“We begin our next fiscal year with a sales pipeline that looks to support these increases in purchasing and production. Fiscal year 2023 will likely be our most exhilarating year yet,” Reinharz concluded.

ROSA is a compact, self-contained, 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 response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras.

https://www.globenewswire.com/news-release/2022/02/28/2393217/0/en/Robotic-Assistance-Devices-Orders-1000-ROSA-Enclosures-to-Satisfy-Anticipated-Demand.html

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