Artificial Intelligence Technology Solutions Launches Outdoor Autonomous Mobile Security Robot Program

RENO, NV, Aug. 20, 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 commenced the manufacturing of its proprietary outdoor autonomous mobile security robot RADBoT™ ‘ROAMEO’ (Rugged Observation Assistance Mobile Electronic Officer).

ROAMEO delivers all-terrain and all-weather mobility for RAD’s eco-system of security detection and alerting benefits, all within RAD’s acclaimed RADCloud software platform.

Full mobility performance specifications will be released over the coming months but expected performance features should include ability to traverse surfaces with ridges and obstructions up to 8”, variable speed up to 10mph, climbing ability of up to 25 degrees, and flexible run time up to 20 hours.

ROAMEO builds on RAD’s demonstrated ability to create high value and high quality hardware and software. Like the rest of RAD’s products and services, ROAMEO is 100% RAD designed and built.

“The release of SCOT in 2018 fueled our ability to deliver the same amazing RAD functionality via a mobile vehicle,” said Steve Reinharz, President and CEO of RAD. “ROAMEO is the realization of RAD’s goals to deliver next-generation security and concierge solutions to clients large and small.”

RAD circulated a request for interest in the form of a ‘soft launch’ on July 31 and received immediate interest from several of its clients including several Fortune 500 companies. At this time there is interest for a minimum of 20 ROAMEO units once development of ROAMEO is complete. RAD expects to receive net monthly payments from clients of $4,200 per unit with each unit having a useful life of 5 years. With the current interest from clients for 20 units, this could represent a potential revenue to RAD over the useful life of the units of 5 million dollars.

RAD expects to receive interest from clients for additional ROAMEO units in the future.

RAD has a sales pipeline of over 35 Fortune 500 companies and numerous other potential clients. RAD expects to continue to attract new clients as it converts its existing sales pipeline into paying customers. Each new Fortune 500 Customer has the potential of making numerous reorders over time.

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.