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AITX's RAD Emerges Victorious from ISC West 2024, Unveiling Unprecedented Expansion Opportunities - Seite 2

Significant Expansion Opportunities and Potential Contracts as a Result of RAD’s ISC West Participation:

• A Fortune 100 provider of diagnostic equipment has specified 120 units in Phase 1 of their RAD rollout, signaling a strong entry into the biotechnology and healthcare markets.
• A nationwide operator of specialty shopping malls is expected to place 22 RIO units on order for an initial deployment with the possibility of expanding to 480 units across 40 locations, this represents a significant scaling opportunity in retail sector security.
• A Fortune 250 auto reseller quickly moved from interest in a single RIO unit during discussions at ISC West to rolling out to potentially 300+ locations, underscoring substantial growth potential in automotive retail security.
• A nationwide top 25 healthcare provider plans to replace several dozen existing solar-powered security towers with RAD’s RIO, showing continued penetration into healthcare security solutions. It was announced on April 11, 2024, that this client had ordered 3 RIO units as part of their initial RAD rollout.
• A Fortune 500 logistics and supply chain company, an existing RAD client, has expressed interest in potentially as many as 50 RIO devices plus 50 TOM devices. This opportunity represents a major expansion of RAD solutions within logistics and distribution security.
  

Device Totals from Opportunities Created or Nurtured During ISC West 2024

• ROSA: Greater than 400 units
• RIO: An estimate of 250 units
• AVA: Approximately 120 units
• TOM: The potential for 50 units
• Plus, dozens of opportunities presented by RAD’s direct end-users and channel partners
  

RAD President, Mark Folmer, CPP, PSP, FSyI, commented, “This was a remarkable ISC West for RAD, one for the history books. The vast opportunities from existing and new clients continued to present themselves on the show floor and during private meetings. We could not have asked for a more receptive marketplace."

RMR is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.