AITX’s RAD Receives Large RIO Expansion Order from Fortune 50 Client

RAD’s Single Largest Client has Placed Orders for 167 RAD Security Solutions

Detroit, Michigan, May 01, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is pleased to announce an expansion order has been received from a highly-respected Fortune 50 client. Specifically, RAD has received orders for an additional 10 RIO units, a continuation of the client’s nationwide rollout that began in the summer of 2023. This new order expands the ever-strengthening relationship between RAD and the client, which has seen over 100 RIO security towers deployed to date, and a total of 167 RAD devices placed on order. This is the first time the total order count for this one client has been revealed.

The Company noted that it anticipates that the client’s deployed units will surpass 150 by the end of May 2024.

“We are incredibly proud of the growing relationship with this amazing client, a clear indication of the trust and value that large enterprises see in RAD's security solutions,” commented Mark Folmer, CPP, PSP, FSyI, President of RAD. “Our sales funnel is brimming with opportunities from similarly impressive companies, all eager to leverage our proven technology and take advantage of the associated cost savings. The landscape of security is evolving quickly, and RAD is at the forefront, driving change and delivering results that exceed our clients’ expectations.”

Steve Reinharz, CEO / CTO of AITX and RAD commented, “I expect the capabilities of our fourth-generation solutions to help accelerate clients through the sales process. For now, we’re focused on closing a couple more big deals to stay on track for to our short-term goal of achieving $700,000 in RMR and becoming cash flow positive.”

Sitting atop a standard 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.