Robotic Assistance Devices Announces Hawai’i Expansion
HENDERSON, Nevada, September 14, 2020 — Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received a four-unit order from its newest dealer, Hawai’i-based Titan Security Technologies, Inc.
Titan Security Technologies, Inc. is a security and facilities technology company under the same ownership as Phoenix Security Hawaii, Inc., Hawaii’s premier security services company, which has been in business for over 38 years and can be reached at sales@titansecuritytechnologies.com.
“We’re thrilled to bring RAD’s solutions to the Islands,” said Louis Siracusa Jr., President and Chief Executive Officer of Titan Security Technologies and Phoenix Security Hawaii. “Hawai’i clients now have the option of advanced technology to complement our manned security offering.”
“This opening order, which will be installed at a few top-tier end-users, highlights the momentum in acceptance and deployment that RAD is presently experiencing. And Hawaii’s adoption of RAD technology will be swift and significant through our new relationship with Titan Security Technologies,” said Steve Reinharz, founder and CEO of RAD. “The placement of these initial four units, in heavily trafficked public view, will further increase the visibility of RAD’s solutions across the country.”
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.
