Assi robotics subsidiary of AITX – GuruFocus.com
Detroit, Michigan, May 10, 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 for 2 AVA and 1 Wally security robots from a leading global logistics company. Although not named due to confidentiality agreements, the company indicated that the end user, and existing customer, is a global leader in supply chain management and third-party logistics.
The Company has confirmed that the 2 AVA autonomous access control security robots should be deployed in June in one of the customer’s logistics centers. “We love this customer, and apparently they love RAD too,” said Steve Reinharz, CEO of AITX. “This customer has helped RAD shape and expand its product offering. As a result, they have just about every type of device, performing various tasks and saving them a lot of money,” Reinharz continued.
The company has also confirmed that with the order of these 3 RAD devices, the total number of units deployed and/or ordered by the customer amounts to 30,” concluded Reinharz.
RAD’s parent company, AITX, intends to file for OTCQB listing within 10 days of filing its YE2022 10-K.
AVA (Autonomous Verified Access) is a compact, pole-mountable unit that provides a 180° edge-to-edge field of view with advanced access control to gates, doors and other controlled entry points. AVA takes full advantage of the RAD software suite providing an ideal solution for logistics and distribution centers, stockyards, structures and parking lots, corporate campuses; wherever increased visibility is needed at a fraction of the cost.
Wally (named after a mural version of SCOT) is a welcome addition to the front desk reception, lobby concierge services, and custodial staff. Wally is able to perform employee and visitor registrations and authorizations with access controls. Wally monitors the surrounding area with its two high-resolution color digital cameras offering a wide 180° field of view.
Robotic Assistance Devices (RAD) is a high-tech start-up that offers robotics and artificial intelligence-based solutions that enable organizations to gain new knowledge, solve complex security problems and fuel new new business ideas at reduced costs. RAD has developed its advanced security robot technology from the ground up, including PCB design and basic code development. This allows RAD to have full control over all design elements, performance, quality and user experience of all security robots, which SCOT™PINK™Wally™Wally ASS™AV™ROAMEO™or RAD Light My Way™. Learn how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
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 Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements contained 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 by the statements, including, but not limited to, the following: Artificial Intelligence Technology Solutions to meet its obligations, to provide working capital requirements from operating revenues, to obtain additional financing necessary for any future acquisition, to meet competitive challenges and technological changes, to achieve business objectives and financial, including projections and forecasts, and other risks. Artificial Intelligence Technology Solutions assumes no obligation to update any forward-looking statements and/or confirm the statement(s) with respect to actual results or changes in Artificial Intelligence Technology Solutions’ expectations.
About Artificial Intelligence Technology Solutions (AITX, Financial)
AITX is an innovator in delivering artificial intelligence-based solutions that enable organizations to gain new insights, solve complex challenges, and fuel new business ideas. Through its next-generation robotics product offerings, AITX’s RAD, RAD-M, and RAD-G companies help organizations streamline operations, increase return on investment, and strengthen their business. AITX technology improves the simplicity and economy of patrol and guard services and allows experienced personnel to focus on more strategic tasks. Customers increase the capabilities of existing personnel and gain higher levels of situational awareness, all at significantly reduced cost. AITX solutions are well suited for use in multiple industries such as enterprise, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, stevereinharz.com, www.radvertising security.com and www.radlightmyway.com, or follow Steve Reinharz on Twitter @Steve Reinharz.
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