Reno, NV, Sept. 17, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Artificial Intelligence Technology Solutions (OMVSD: OTCPK) is pleased to announce that Robotic Assistance Devices (RAD), its wholly owned subsidiary, has received an order for a SCOT™ unit from one of the world’s leading media and entertainment companies with over 50,000 employees.
“We are very pleased to be adding another vertical to our existing client base,” said Steve Reinharz, President and CEO of RAD, “As with our other Fortune 500 companies the potential for future deployments to this client is well over 100 units.”
As RAD continues to secure orders from additional clients in new verticals, RAD solidifies its position as a versatile artificial intelligence solution provider that can be used by a significant part of the market across a broad range of different market verticals.
SCOT™ and Wally units are deployed at client locations based on a rental program paid monthly and remain the property of RAD. Each SCOT™ and each Wally can generate over $60,000 and $25,000 respectively 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™.
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.
