RAD

AITX’s RAD Expands Sales Outreach and Industry Visibility Leading Up to ISC West

Retrieved on: 
Thursday, March 7, 2024

Detroit, Michigan, March 07, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a wholly owned subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is eagerly anticipating the opportunity to showcase its groundbreaking AI-powered security and safety solutions to diverse audiences at 2 upcoming regional conferences and one online webinar. From an exclusive IAHSS Great Lakes Chapter Meeting to the 2024 Healthcare Safety & Security Symposium, RAD is poised to present the transformative potential of its technology in shaping the future of security services. With a focus on Autonomous Remote Services and advanced Firearm Detection technology, RAD remains committed to delivering innovative solutions that address the evolving challenges faced by organizations across various sectors.

Key Points: 
  • ISC West's reputation as the premier security trade event in the U.S. aligns perfectly with RAD's mission to drive innovation and shape the future of security technology.
  • At ISC West, taking place April 9-12 in Las Vegas, RAD will be participating in 3 discussion panels, 1 educational presentation and exhibiting in booth #20131.
  • RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities.
  • RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.

GNE 2024 to Shape the Future of NaaS Services & Automation

Retrieved on: 
Tuesday, March 5, 2024

GNE 2024 serves as a catalyst for industry-wide collaboration and fuels the advancement of Network-as-a-Service (NaaS) for enterprises.

Key Points: 
  • GNE 2024 serves as a catalyst for industry-wide collaboration and fuels the advancement of Network-as-a-Service (NaaS) for enterprises.
  • The three-day event, taking place October 28-30, 2024, convenes experts across the NaaS ecosystem, including executive decision makers, strategists, technology experts, and enterprise users.
  • GNE fosters insightful discussions on current trends, business dynamics, opportunities, and challenges across the global NaaS landscape.
  • Days two and three feature in-depth discussions on the evolution of NaaS services, ecosystem automation and expansion, and the critical intersection of cybersecurity and NaaS.

AITX’s RAD Deploys Record Number of Devices in February

Retrieved on: 
Tuesday, March 5, 2024

Detroit, Michigan, March 05, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a wholly owned subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is proud to announce that February, 2024 was the biggest month in RAD’s history, in terms of devices that began invoicing. This milestone underscores RAD's continuing ability to grow revenues at an accelerating pace by increasing the number of devices billing month over month.

Key Points: 
  • This milestone underscores RAD's continuing ability to grow revenues at an accelerating pace by increasing the number of devices billing month over month.
  • Steve Reinharz, CEO of AITX and RAD, expressed his enthusiasm for this achievement, stating, “This is one of many milestones important on our journey towards achieving operational profitability.
  • We continue to be focused on increasing the number of devices that can be built, deployed, and begin billing any given month.
  • AITX, through its subsidiary, Robotic Assistance Devices , Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model.

AITX’s RAD March 3, 2024 Investor ‘Ask Me Anything’ Available Online

Retrieved on: 
Monday, March 4, 2024

Detroit, Michigan, March 04, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), completed an informative 'Ask Me Anything' (AMA) session for investors on March 3, 2024 that was hosted by Eric Kemnitzer of Buffalo Fireside Chats. The session is a regular part of AITX’s efforts to keep the public up to date, engaged and informed regarding the Company.

Key Points: 
  • The session is a regular part of AITX’s efforts to keep the public up to date, engaged and informed regarding the Company.
  • During this engaging online event, AITX and RAD leadership provided responses to over a dozen investor submitted questions.
  • Steve Reinharz, CEO of AITX and RAD took the opportunity to directly address questions from the investment community.
  • "One of our core values at AITX and RAD is transparency, especially when it comes to our relationship with investors," said Reinharz.

AITX's Subsidiary RAD Surpasses 400 Unit Fiscal Year Order Intake Milestone

Retrieved on: 
Thursday, February 29, 2024

Detroit, Michigan, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), has officially announced reaching a milestone of 400 device orders throughout its fiscal year, which concludes on February 29. With one additional day remaining before the fiscal year-end, RAD is poised to potentially surpass this significant achievement, further announcements are expected in the coming week.

Key Points: 
  • With one additional day remaining before the fiscal year-end, RAD is poised to potentially surpass this significant achievement, further announcements are expected in the coming week.
  • This accomplishment by RAD is particularly notable given the global challenges faced by businesses over the past year.
  • Mark Folmer, CPP, PSP, FSyI, President of RAD, commented on reaching the milestone, “Hitting 400 orders is a clear indication of RAD’s leadership in the AI-driven security solutions market.
  • We are proud to play a pivotal role in defining the future of security and productivity with our innovative solutions.

AITX’s RAD Begins Production Run of 1000 Next Generation RIO Solar-Powered Security Towers

Retrieved on: 
Tuesday, February 27, 2024

Detroit, Michigan, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), today announced that it has begun production of 1000 units of the next generation (Gen 4) of its RIO™ solar-powered, mobile security solution.

Key Points: 
  • Steve Reinharz, CEO/CTO of AITX and RAD commented, “Generation 4 of both RIO and ROSA has been a huge undertaking for the entire Company.
  • Every component and stage of the manufacturing process has been scrutinized to find ways to reduce costs while improving performance.
  • Reinharz continued, “The potential revenue from the successful deployment of 1000 RIO units, when added to our existing revenues is significant.
  • RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.

AITX To Discuss Exponential Growth During Upcoming ‘Ask Me Anything’

Retrieved on: 
Tuesday, February 20, 2024

Detroit, Michigan, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), has been sharing sales and revenue results that show exponential growth. Three top executives from AITX will participate and discuss what this means for the future of the Company. The live discussion will be hosted by Eric Kemnitzer of the popular Buffalo Fireside Chats on Sunday, March 3, 2024, at 12 noon Eastern Time.

Key Points: 
  • Three top executives from AITX will participate and discuss what this means for the future of the Company.
  • "We're very excited to conduct another AMA session with Buffalo Fireside Chats," said Reinharz.
  • “With his insightful perspectives and candid approach, this upcoming session promises to be nothing short of exceptional.
  • We eagerly anticipate delving into thought-provoking discussions and gaining valuable insights into the exciting developments at AITX and RAD."

Electrify Expo Expands for 2024 with Three New Cities, A Record Number of Tour Stops and Leading Brands Making Returns and Product Debuts

Retrieved on: 
Thursday, February 15, 2024

The tour kicks off in Orlando in March and will continue all the way through November to the final stop in Austin, Texas.

Key Points: 
  • The tour kicks off in Orlando in March and will continue all the way through November to the final stop in Austin, Texas.
  • Building on the success of previous years, Electrify Expo will grow its number of demo experiences to include nearly all forms of electric transportation providing meaningful, firsthand experiences to attendees.
  • "The demand and curiosity from US consumers about electric vehicles is growing," said BJ Birtwell, CEO and founder of Electrify Expo.
  • In addition to the new locations for 2024, Electrify Expo New York will move to Citi Field in Queens, October 12-13.

AITX’s RAD Announces ATM Hook & Chain Attack AI Analytic

Retrieved on: 
Thursday, February 15, 2024

Detroit, Michigan, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), today announced a significant addition to its suite of AI analytics. This innovation equips RAD's robotic security solutions with the capability to detect the rampant threat of Hook & Chain ATM attacks plaguing the banking industry. A Hook and Chain attack involves attaching one end of a chain or cable to an ATM and using a vehicle to exert force on the machine, usually by pulling the chain with the vehicle, with the objective of forcefully open the ATM's safe doors, allowing thieves to access the cash inside. With this development, RAD continues to lead the charge in providing cutting-edge security solutions tailored to meet the evolving challenges faced by financial institutions and other enterprise clients.

Key Points: 
  • This innovation equips RAD's robotic security solutions with the capability to detect the rampant threat of Hook & Chain ATM attacks plaguing the banking industry.
  • Hook and chain attacks were the leading ATM crime, in which thieves steal the cash from an ATM machine and cause extensive property damage, sometimes with loss and damages approaching $500K per incident.
  • Mark Folmer, CPP, PSP, FSyI, President of RAD, added, “The Hook & Chain analytic was requested during discussions with a leading national bank with over 1000 branches.
  • We currently have highly satisfied banking clients who are eager to implement the ATM attack detection analytic.

AITX’s RAD January SaaS Revenue Up 383%; Contracts In-Hand Break $500K Recurring Monthly Revenue Milestone as Strong Growth Continues

Retrieved on: 
Monday, February 12, 2024

Specifically, contracted (including deployed and contracted to-be-deployed) revenue derived from device rental (SaaS revenue) now surpasses $500,000 a month.

Key Points: 
  • Specifically, contracted (including deployed and contracted to-be-deployed) revenue derived from device rental (SaaS revenue) now surpasses $500,000 a month.
  • Furthermore, the Company reports that January 2024 invoiced SaaS revenue was 383% greater than January 2023 invoiced revenue, coming in (unaudited) at $226K for the month.
  • On January 29, 2024, the Company announced that booked recurring monthly revenue (RMR) was up 476% over the previous year.
  • RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.