HENDERSON, Nevada – (COMMERCIAL THREAD) – Artificial Intelligence Technology Solutions, Inc., (OTCPK: AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD) has received an order from a leading regional financial institution. Although not disclosed due to confidentiality agreements, the end user of this 1 ROSA180 unit will be the first deployment of RAD in the financial services industry.
“It’s exciting to open up new markets, especially as we see great potential for a significant number of deployments in this industry,” said Steve Reinharz, CEO of AITX and RAD. “This deployment of ROSA180 opens up a new vertical market that desperately needs the solutions provided by RAD. We will capitalize on this victory, and I am delighted to see the response from this industry when ROSA3.0 is released on October 13, ”added Reinharz.
ROSA180 is a compact, stand-alone security and communications solution that can be deployed in approximately 15 minutes. Like other RAD solutions, it only requires power as it includes all the necessary communication hardware. ROSA180’s AI-powered security scans include people and vehicle detection, license plate recognition, responsive digital signage and audio messaging, as well as full integration with the notification and notification library. responses from the RAD software suite. Two-way communication is optimized for cellular, including live video from the two high-resolution, color, always-on cameras of the ROSA180.
In the financial services industry, RAD’s ROSA180 has the unique ability to detect, deter and report occurrences of loitering near ATMs or in bank entry halls. According to Statista, in 2019 there were 76,837 commercial bank branches in the United States, with more than 470,000 ATMs.
Robotic Assistance Devices (RAD) is a high-tech start-up that delivers robotic and artificial intelligence-based solutions that empower organizations to gain new knowledge, solve complex security issues, and fuel new business ideas at reduced costs. RAD has developed its advanced security robot technology from the ground up, including circuit board 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, whether they are SCOT ™, ROSA180 ™, Wally ™, Wally HSO ™, AVA ™ or ROAMEO ™. Find out how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto.
Follow Steve Reinharz on Twitter @SteveReinharz for future RAD and AITX updates.
CAUTIONARY DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS
This press 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 in accordance with to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this press release other than statements of historical fact are “forward-looking statements” which 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: the ability of Artificial Intelligence Technology Solutions to meet its obligations, to provide working capital requirements from operating revenues, to obtain the additional financing necessary for any future acquisitions, 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 to confirm statements to actual results or to changes in expectations of Artificial Intelligence Technology Solutions.
About Artificial Intelligence Technology Solutions (AITX):
AITX is an innovator in providing artificial intelligence-based solutions that empower organizations to gain new knowledge, solve complex challenges and fuel new business ideas. With its next-generation robotic product offerings, AITX’s RAD, RAD-M, and RAD-G companies help organizations streamline operations, increase return on investment, and strengthen businesses. AITX technology improves the simplicity and economy of patrol and guard services, and allows experienced personnel to focus on more strategic tasks. Customers expand the capabilities of existing staff and gain higher levels of situational awareness, all at a significantly reduced cost. AITX solutions are well suited for use in many industries such as business, government, transportation, critical infrastructure, education and healthcare. To learn more, visit www.aitx.ai and www.roboticassistancedevices.com, or follow Steve Reinharz on Twitter @SteveReinharz.