Artificial Intelligence Technology Solutions Receives Preliminary Order With Multi-Billion Dollar Client

RENO, NV, Dec. 18, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Artificial Intelligence Technology Solutions (OTCPK: AITX) is pleased to announce that Robotic Assistance Devices (RAD), its wholly owned subsidiary, recently received a preliminary order of one SCOT™ unit and two Wally SCOT™ units at a multi-billion dollar company with over 1,000 locations and more than 100,000 employees.

Artificial Intelligence Technology Solutions Subsidiary Secures Initial Order

RENO, NV, December 18, 2018 – Artificial Intelligence Technology Solutions (OTCPK: AITX) announced that its wholly owned subsidiary, Robotic Assistance Devices (RAD), recently received a preliminary order of one SCOT™ unit and two Wally SCOT™ units.

This order was placed by a multi-billion dollar company that operates over 1,000 locations and employs more than 100,000 individuals.

The first Scot™ unit was recently deployed and immediately succeeding in eliminating targeted criminal behaviors as desired by the end user.

The total potential value from this order assuming the client uses the units for the full 4 year life is roughly $100,000. This deployment is for an initial 3 of the client’s locations. Assuming the client is satisfied, RAD is discussing future deployments which over the next 3 years could have a combined total potential value over the life of the deployment units of approximately $8,000,000.

“This is notable as it is the first RAD deployment in an environment that typically could not afford a responsive security solution,” said Steve Reinharz, President and CEO of RAD. “I believe there are well over 500,000 applications that exactly mirror this situation.”

Note that RAD will be releasing details on its newest hardware addition by the end of January 2019.

RAD is successfully winning large multi-billion dollar clients who enjoy cost savings of 75% to 80% by using RAD products and technology as compared to their existing legacy security costs. RAD’s product sales life cycle for large clients follows several steps; first clients test out a small number of units usually one or two in a single or so location, then deploy to several more locations and if satisfied start to plan for larger deployments with the objective of capturing company wide savings by maximizing unit deployments across numerous sites and thus benefiting from significant cost savings company wide. At this point in RAD’s growth cycle, several large clients have already successfully ordered units and have also successfully reordered units as they are working to increase the number of sites that are equipped with RAD’s products. RAD is already discussing company wide deployment with a number of clients and management believe it is only a matter of time before clients start to place significantly larger unit orders as they enter into the company wide deployment phase.

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.

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