AITX’s RAD Deploys Record Number of Devices in February

55 RAD Devices Begin Billing

Detroit, Michigan, March 05, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a wholly owned subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is proud to announce that February, 2024 was the biggest month in RAD’s history, in terms of devices that began invoicing. This milestone underscores RAD's continuing ability to grow revenues at an accelerating pace by increasing the number of devices billing month over month.

In the record-setting achievement, RAD has initiated billing for an impressive tally of security devices, including 20 RIO 360 units, 14 RIO 180 units, a combined total of 18 stand-alone ROSA units, 2 TOM units, and 1 AVA unit. This extensive solution mix highlights the broad appeal and applicability of RAD's innovative product line, catering to a wide array of security and surveillance needs.

Steve Reinharz, CEO of AITX and RAD, expressed his enthusiasm for this achievement, stating, “This is one of many milestones important on our journey towards achieving operational profitability. We continue to be focused on increasing the number of devices that can be built, deployed, and begin billing any given month. Furthermore, each device represents a step forward in our mission to enhance security and operational efficiency for our clients.”

Mark Folmer, CPP, PSP, FSyI, President of RAD, added, “Seeing such a diverse range of our products being deployed and starting the billing process within the same period is a testament to the depth and breadth of our portfolio. This achievement not only represents a significant revenue milestone but also solidifies our position as leaders in the AI-driven security space.”

As RAD celebrates this milestone, the Company remains focused on its commitment to providing state-of-the-art, AI-driven security solutions that address the evolving needs of its growing client base.

Sitting atop a RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.