Major Logistics Client of AITX's Subsidiary, Robotic Assistance Devices, Expands with Order for 38 RIO Solar-Powered Security Towers

August 2023 and Q2 of FY 2024 Closing Strong for AITX

Detroit, Michigan, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced that it has received an order for 38 of its increasingly popular RIO solar-powered security towers.

Not named due to nondisclosure agreements, the Company noted that this direct client is a prominent shipping and transportation company with over 250 distribution centers throughout the United States. This client has thoroughly tested RAD through 9 devices previously ordered and deployed at 2 locations. These newly ordered 38 RIO devices, completing their first phase of planned rollouts, consisting of 24 RIO 360 units, and 14 RIO 180 units will be deployed at 10 of the client’s distribution centers. The Company also noted that additional expansion orders of a similar quantity are expected as part of the second phase of rollouts, and that the client may be named in a future press release and case study.

In a press release dated August 10, 2023, RAD, in anticipation of increased RIO demand, expanded its current RIO production run to 200 units. The Company’s Detroit factory, affectionately referred to as the RAD Excellence Center (or ‘REX’) can produce up to 100 RIO units per month without impacting currently anticipated ROSA and AVA demand. The Company clarified that a ROSA 360 includes two ROSA DC units, while a ROSA 180 includes a single ROSA DC unit. However, many ROSA units that are mounted on a RIO are counted as a single device for unit device counting purposes.

“The validation of RAD as a major enterprise supplier has our entire firm buzzing with excitement and anticipation of where we’ll take this and similar clients,” said Steve Reinharz, CEO of AITX and RAD. “RIO is on track to being a solid performer for RAD and our clients. Plus, RIO is our highest revenue generating stationary solution that we’re building right now and it’s an ideal combination of volume and revenue.” 

“We want to share this moment of accomplishment with our team. From the developers to the engineers, to the implementation folks, to the business development team, to sourcing. It takes a coordinated team to prove to a Fortune 100 company that we should be their partner, and we won,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “Now we’re going to outperform and earn a lot more business from this client while we replicate this victory across all the players in this vertical market.”