Detroit, Michigan, August 2, 2022 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., ( OTCPK: AITX ), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) will formally present the long-awaited RIO project at GSX (Global Security Exchange) taking place in Atlanta on September 12-14. RAD is exhibiting at GSX in booth 1650.
“RIO, like many RAD solutions, is a response to demand from dealers and end users,” said Steve Reinharz, CEO of AITX. “This is the first time we have applied RAD technology to an existing market. In this case, I estimate that this market is worth $500 million a year in recurring revenue. I’m excited to see how much of that can be captured by RAD.”
“We are excited to introduce RIO at GSX,” said Mark Folmer, president of RAD. “We look forward to disrupting this huge market and empowering our dealers to further improve their businesses.”
RIO (ROSA Independent Observation) continues RAD’s expansion of its best-selling ROSA line of security robots. “We see such early interest and enthusiasm for RIO that we are preparing for production and deployment of up to 100 systems this year,” added Reinharz.
With the introduction of RIO, RAD plans to add new software features that will be implemented in all existing and new units. This will be a major expansion of the human-machine interaction capabilities of RAD solutions.
ADR solutions have been shown to reduce or eliminate a variety of crimes against property and people over the course of our 2 million hours of service and deployment.
RAD’s parent company, AITX, has submitted an application for listing on the OTCQB. Future announcements will be made regarding the status of the OTCQB application.
About the Global Security Exchange (GSX) The Global Security Exchange (GSX) has been the world’s most comprehensive event for security professionals for more than 65 years. Meeting the needs of the global security community, ASIS designed an in-person and digital experience like no other in the security profession. ASIS International remains dedicated to expanding and enriching the exchange of knowledge, best practices, and peer connections so that security professionals from all disciplines, and at all stages of their careers, can access the information and resources they need. they need to be successful. For information on GSX, visit www.GSX.org.
Robotic Assistance Devices (RAD) is a high-tech startup offering robotics and artificial intelligence-based solutions that enable organizations to gain new insights, solve complex security challenges, and drive new business ideas at reduced costs. RAD developed its advanced security robot technology from the ground up, including circuit board design and code base development. This allows RAD to have full control over all design elements, performance, quality and user experience of all security robots, be it SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, ROAMEO™, CASSIE™, RIO™, or RAD Light My Way™. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifestoand request a copy of the recently published ‘Navigating the New Economy: Jobs and Automation, Challenges and Opportunities’.
CAUTIONARY DISCLOSURE 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 in this press release that are not statements of historical fact are “forward-looking statements” that are based on 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, without limitation, the following: Artificial Intelligence Technology Solutions’ ability to meet its obligations, to provide working capital needs from operating income, to obtain additional financing necessary for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial objectives, including projections and forecasts, and others risks. Artificial Intelligence Technology Solutions undertakes no obligation to update any forward-looking statement and/or confirm the statement(s) with actual results or changes in expectations of Artificial Intelligence Technology Solutions.
About Artificial Intelligence Technology Solutions (AITX) AITX is an innovator in delivering AI-based solutions that enable organizations to gain new insights, solve complex challenges, and drive new business ideas. Through their next-generation robotics product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI and strengthen business. AITX technology enhances the simplicity and economy of surveillance and surveillance services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing personnel and gain higher levels of situational awareness, all at dramatically reduced cost. AITX solutions are suitable for use in multiple industries, such as business, government, transportation, critical infrastructure, education, and healthcare. For more information, visit aitx.ai, stevereinharz.com, www.radsecurity.es Y www.radlightmyway.comor follow Steve Reinharz on Twitter @stevereinharz.
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Steve Reinhardt 949-636-7060 @stevereinharz
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