OMVS: Robotic Assistance Devices Deploys 2 SCOT Units At Major Mall Complex

Reno, Nev., Aug. 27, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Artificial Intelligence Technology Solutions (OMVS:OTCPK) is pleased to announce that Robotic Assistance Devices (RAD), its wholly owned subsidiary, recently deployed two Security Control and Observation Tower (SCOT™) units at a large mall complex that occupies almost 3 million square feet. The mall complex is owned by a global property owner and management company who is working with RAD to develop technologies specifically suited for this vertical. These development efforts and paid deployments will determine the potential for further deployments on other properties throughout this client’s portfolio and potentially on properties of other property owner and management companies as well.

“The software developments we are working on for this client although challenging have the potential to be very rewarding,” said Steve Reinharz, President and CEO of RAD. “We’re in the process of delivering specific software upgrades that will be valuable throughout the retail industry. The opportunity for deploying SCOT™ units in this vertical could be very significant.

“Our solutions to these customer requests are completely unique and add tremendous value to every SCOT and Wally deployment. Our technology allows over the air upgrades and we regularly add significant features and capabilities to our existing software suite,” Reinharz continued.

RAD is also targeting numerous other verticals directly and via its growing distribution network and receiving significant interest. RAD expects to sign on more clients in the near future.

SCOT™ units are deployed at client locations based on a rental program paid monthly and remain the property of the RAD. Each SCOT™ can generate over $60,000 of total revenue for the Company over a 4 year period.

SCOT™ is a standalone, remote, portable, self-sufficient intelligence observation tower designed to expand an organization’s security reach instantly. SCOT™ delivers guarding services at a fraction of the cost and is considerably more affordable than any human or automated solution on the market.

SCOT™ is equipped with artificial intelligence that powers human detection analytics, featuring the longest range detection at low false alarm rates. In addition, SCOT™ debuts the RAD Software Suite, which is a collection of integrated software applications hosted in Microsoft’s Azure Cloud services and allows immediate and mobile access to alerts and controls generated by SCOT™.

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.