OMVSD: Robotic Assistance Devices Receives Order For 5 SCOT Wally Units From Fortune 500 Client

Reno, Nev., Aug. 30, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Artificial Intelligence Technology Solutions (OMVS: OTCPK) is pleased to announce that Robotic Assistance Devices (RAD), its wholly owned subsidiary, has recently received an order for 5 additional SCOT™ Wally units from its existing client a Fortune 500 company in the logistics industry.

On May 16, 2018 the Company previously issued a press release about entering into an agreement for the deployment of a SCOT™ unit. On May 29, 2018 the Company entered into the deployment agreement and deployed the SCOT™ unit at this client. Since this first deployment the client has been satisfied with its SCOT™ unit and has placed an order for the additional 5 SCOT™ Wally units mentioned above.

“We are very pleased to see our Fortune 500 clients ordering additional units as they continue to expand their deployment of our products in their respective organizations,” said Steve Reinharz, President and CEO of RAD. “As we continue to work with our existing clients we are increasing our footprint within these clients and as clients continue to be satisfied we expect subsequent orders to continue to grow in magnitude.”

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™ and SCOT™ Wally units are deployed at client locations based on a rental program paid monthly and remain the property of RAD. Each SCOT™ and each SCOT™ 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 runs the RAD Software Suite which offers a complete ‘security ecosystem in a box’.

SCOT™ Wally is a wall-mounted single-sided version of SCOT. SCOT™ Wally is perfect for entrance ways in lobbies and parking structures. It is driven by the RAD Software Suite and seamlessly integrates with deployed SCOT™ units, onsite and remote guards and remote control centers.

SCOT™ and SCOT™ Wally are 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.