Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITXD) (OTCPK:AITX) is pleased to announce that Robotic Assistance Devices (RAD), its wholly owned subsidiary, has received a seven-unit order comprised of Scots and Rosas from a Public Transit Agency in Texas to be deployed at a variety of locations in support of guarding operations. RAD received this order from one of its largest dealers in its network.
“I expect this 28-month contract to be our signature deployment in the public transit industry and that other similar organizations will seek to replicate it across the country,” said Steve Reinharz, President and CEO of RAD. “The solution helps the organization save significant money while improving their security.”
The US transit system is comprised of over 1,500 private and public organizations engaged in bus, light rail, subway and other transport medians, presenting a tremendous opportunity for RAD as it works to penetrate this vertical. RAD has commenced the deployment of this order and expects to complete deployment within the next few months. RAD expects to deploy more orders in the near future as it continues to increase the number of deployed units in the field and thereby increasing its recurring revenue.
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.
