HENDERSON, Nevada, July 29, 2020 — Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices (RAD) has received an order from a Fortune 500 customer for the first Wally unit to ship with the company’s exclusive Health Screening Option (HSO).
The HSO unit will be deployed in a corporate office environment and relieve the need for manned security guards that would have otherwise been needed to perform temperature checks on personnel entering the building. In addition, the Wally unit with HSO will also perform other functions not available through traditional human guarding.
HSO is a platform that includes a temperature taking system and a HIPAA compliant storage system.
“Wally HSO was selected by this client for several reasons including the fact that this solution begins the health screening process before the subject reaches the office,” said Steve Reinharz, Founder and CEO of RAD. “Furthermore it’s a seamless addition to RAD’s complete security-in-a-box ecosystem.”
RAD’s face mask detection analytic is included in the Wally HSO product and will, at the client’s request, deny entry to personnel that are not wearing a face mask.
RAD has a sales pipeline of over 35 Fortune 500 companies and numerous other potential clients. RAD expects to continue to attract new business 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.radsecurity.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.
