RENO, NV, Jan. 07, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE –
Artificial Intelligence Technology Solutions, Inc., (AITX: OTCPK) is pleased to announce that Robotic Assistance Devices (RAD), its wholly owned subsidiary, has entered into advanced discussions with a major US Transportation Agency for a pilot order with a foreseeable total deployment of over 50 units for that local region alone.
“This would be the first security solution of its kind to be deployed to major public transportation and opens up a huge brand new industry to us,” said Steve Reinharz, President and CEO of RAD. “Our solutions are unique in that they bring clients with the level of security they need at a fraction of the cost of traditional existing solutions which is why we expect to be able to make numerous deployment in this sector in the future.”
RAD is unique in that traditional security solutions would either be too expensive or generally unwieldly for these kinds of organizations. RAD’s performance for this transportation agency is expected to help open up hundreds of thousands of locations where clients can add effective security at an immediate ROI.
The company may post important information about its subsidiary RAD on its website at www.RoboticAssistanceDevices.com and through tweets from RAD President and CEO Steve Reinharz (https://twitter.com/SteveReinharz)
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances whatsoever that the Company will meet its expectations with respect to its future revenues, sales volume, recurring monthly revenue growth, and operational cash flow positivity. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
For purposes of the Company's disclosures, "Artificial Intelligence" refers to machine-based systems designed to operate with varying levels of autonomy that, for a given set of human defined objectives, can make predictions, recommendations, or decisions influencing real or virtual environments. In the context of the Company's business, Artificial Intelligence is deployed primarily within the security services and property management industries to support functions such as detection, analysis, prioritization, communication, and response related to safety, security, and operational events.
The Company delivers these capabilities principally through its SARA™ (Speaking Autonomous Responsive Agent) platform, which serves as the Company's primary agentic artificial intelligence system. SARA is designed to receive and process video, audio, and other sensor data, apply automated analysis and inference, and support actions in accordance with predefined operational objectives and human oversight.
Further note that the Company's Board of Directors oversees the Company's deployment of Artificial Intelligence.
