Artificial system

2022-06-09 | OTCPK:AITX | Press release

Detroit, Michigan, June 09, 2022 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) will showcase its ROSA™, SCOT™ and RAD Light My Way™ solutions to a group of hospitals and at least 1 major manufacturer of consumer goods invited and organized by one of the 3 main guard companies.

This is RAD’s largest private demonstration of its systems, post-pandemic, and is at the request and invitation of a major regional healthcare organization. Attendees will include other healthcare groups hosted by RAD’s partner, one of the top 3 security companies.

“When a key customer of a valued partner opens their facility to help spread the word about our technology, it’s remarkable,” said Mark Folmer, President of RAD. “Seeing RAD’s unique RAD Light My Way solution in action, as well as real-time gun detection, prospects move quickly to become customers.”

RAD partners with security guard companies to help fill vacancies that are currently very difficult and expensive to fill. Current labor shortages cannot meet customers’ growing demand for security services. RAD’s solutions address both requirements, active work and safety performance.

“Protection companies’ labor issues are becoming more severe as inflation pushes wages higher and higher,” said Steve Reinharz, CEO of AITX and RAD. “We’ve built our entire business for times like this, to become the service robot standard in the security and facilities industries.”

The company reports that engagement with major security companies has increased significantly over the past few months, with at least 2 major security companies preparing to launch co-branded solutions to market. These companies have hundreds of business development employees who will introduce RAD solutions to their existing and potential customers, which should lead to a significant increase in demand for RAD solutions.

In future releases, RAD will provide updates on its June 30 conference and demonstration in New York on school and business safety.

RAD’s parent company, AITX, has applied for OTCQB listing. Future announcements will be made regarding the status of the OTCQB application.

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, be they SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, ROAMEO™ or RAD Light My. Way™. Learn how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto and requesting a copy of the recently released document “Navigating the New Economy: Jobs & Automation, Challenges & Opportunities”.

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)

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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Steve Reinharz

949-636-7060

@Steve Reinharz

  • Artificial Intelligence Technology Solutions, Inc.

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