Industry-proven AI security hardware and software in OEM devices; Fortune 500 Sales Growth: Stock Symbol: AITX




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Artificial Intelligence Technology Solutions (OTCMKTS: AITX)

Ravi is an accomplished business builder who has been in the RAD and AITX orbit for some time. I believe Ravi is leading RAD-G’s efforts to bring RAD hardware and software to new markets.”

—Steve Reinharz, CEO of AITX

RENO, NEVADA, USA, Oct. 10, 2022 / — Industry-proven AI-based security hardware and software in OEM devices; Increasing Sales to Fortune 500 Companies: Artificial Intelligence Technology Solutions (Ticker: AITX)

• Artificial intelligence and robotic solutions for industry, schools and government.

• Expand sales of several security units to new and repeat customers.

• Multiple orders from GSX Expo, including pre-orders for 30 RIO portable solar security towers.

• Company presenting at top security industry seminars.

• Security Today Magazine names AITX ROSA 3.0 Product of the Year.

• The fiscal quarter ended August 31 sees an increase in sales activity.

AITX has initiated efforts to provide OEM system-level components to specific industries and customers outside of the company’s current security services industry footprint.

To support and lead these efforts, the company has appointed Ravi Gade as RAD-G’s OEM Program Manager. “I am delighted to welcome Ravi to the RAD team,” said Steve Reinharz, CEO of AITX. “Ravi is an accomplished business builder who has been in the RAD and AITX orbit for some time. I think Ravi, who is leading RAD-G’s efforts to bring RAD hardware and software to new markets, has great potential.

AITX has received an order for a ROSA security robot. The purchase order was identified by RAD as an example of the complexities and considerable effort involved in selling advanced technology solutions to B2B customers.

“This particular customer order was facilitated by CBRE and Grainger for a major Fortune 500 customer,” said Mark Folmer, president of RAD. “While a customer order for a single ROSA unit may seem insignificant from a revenue perspective, this is a key data point for us as we begin to see adoption of the RAD platform. by Fortune 500 companies.

• About the AITX:

Artificial Intelligence Technology Solutions (OTC: AITX) is an innovator in delivering artificial intelligence-based solutions that enable organizations to gain new insights, solve complex challenges and fuel new business ideas. Through its next-generation robotics product offerings, AITX RAD, RAD-M, and RAD-G companies help organizations streamline operations, increase return on investment, and strengthen their business.

AITX technology improves the simplicity and economy of patrol and guard services and allows experienced personnel to focus on more strategic tasks. Customers increase the capabilities of existing personnel and gain higher levels of situational awareness, all at significantly reduced costs. AITX solutions are well suited for use in multiple industries such as enterprise, government, transportation, critical infrastructure, education, and healthcare.

• AITX receives several orders through new and existing resellers; Orders for 15 Secured Devices Since Attending Security Industry Show

On September 27, AITX announced that it had received six orders, totaling fifteen units, from two recently signed authorized resellers and four existing authorized resellers. The product line of fifteen safety devices ordered since the last public announcement includes eleven RIOs, two ROSAs and two AVAs. AITX exhibited at GSX 2022 in Atlanta September 12-14. At the security industry trade show, RIO, several ROSAs and AVAs were on display.

• AITX concludes GSX 2022 with pre-orders for 30 RIO portable solar security towers

On September 15, AITX announced pre-order commitments for thirty of its recently announced RIO™ solar-powered portable security solutions. RIO (ROSA Independent Observatory) continues production of the best-selling and multi-award winning AITX security robot known as ROSA.

AITX exhibited at GSX 2022 in Atlanta. RIO, several ROSA and AVA were exhibited at the security industry show.

RIO was designed with portability and round-the-clock performance in mind. RIO is completely self-contained and self-sufficient. All the components needed to provide security and surveillance day and night are included with RIO. All networking hardware and software is provided, including AITX’s “cell-optimized” connectivity. At its base is a sturdy portable trailer positioning the unit’s two solar panels and housing the device’s high-performance batteries and control systems. RIO’s retractable mast extends nearly 20′ where a single ROSA is mounted, providing a conveniently positioned 180° field of view with its two high-resolution PTZ cameras. To achieve a 360° field of view, a ROSA-Expander unit is also available.

• Presentation of the AITX at the best security industry seminars

On September 8, AITX announced that it would be attending and presenting at two upcoming security industry seminars.

Allied Universal, the nation’s largest security service provider, has asked AITX to participate in its “Maintaining Resilience in the Face of the Evolving Active Shooter Threat” seminar, to be held September 21, 2022 at Charlotte Convention Center in Charlotte, North Carolina. AITX gun detection technology and the related “Bailey’s Gift” campaign have received widespread reception and attention since their introduction in June. AITX will demonstrate its gun detection via the award-winning ROSA security device.

The Security Industry Association (SIA) will present the first in a series of free virtual public events on Tuesday, September 27, 2022. AITX CEO Steve Reinharz is chair of the AI, Drones and Robotics Interest Group of the SIA and will lead the session. This online event will focus on key topics related to artificial intelligence (AI).

• AITX ROSA 3.0 named Product of the Year by Security Today magazine

On September 7, AITX announced that its ROSA 3.0 had been named the recipient of the Product of the Year award by Security Today magazine.

Security Today’s New Product of the Year award recognizes the outstanding product development achievements of security equipment manufacturers whose products are considered particularly outstanding in their ability to improve security. The AITX ROSA 3.0 was named Product of the Year in the Autonomous Response Surveillance category.

ROSA is a multi-award winning, compact, self-contained, portable security and communications solution that can be deployed in approximately 15 minutes. Like other AITX solutions, it only requires power as it includes all the necessary communication hardware. ROSA’s AI-powered security analytics include person, gun and vehicle detection, license plate recognition, responsive digital signage and audio messaging, as well as full integration with the RAD software suite notification and self-contained response library. Two-way communication is optimized for cellular, including live video from ROSA’s two high-resolution, color, always-on cameras. RAD has released two case studies detailing how ROSA has helped eliminate instances of theft, trespassing and vagrancy at rental car agencies and construction sites across the country.

• AITX closes fiscal quarter with increased business activity

On September 2, AITX announced multiple orders and signed a new authorized reseller in the final days of its fiscal quarter ending August 31, 2022.
Four ROSA security robots have been ordered by The Richman Group, the parent company of Citrus Construction, an existing AITX customer with several ROSA units deployed.

Two AVA units have also been ordered through one of AITX’s recently signed authorized dealers. These AVA devices will be deployed at one of the dealership’s end-user sites, providing controlled access for self-driving vehicles and visitors, replacing traditional and costly security personnel at access gates.
AITX has also signed a new authorized reseller, a regional security service provider located in Southern Michigan. This dealer has ordered a ROSA device for demonstration purposes.

“August 2022 and Q2 have proven to be the best periods for RAD order intake in our history,” said Steve Reinharz, CEO of AITX and RAD. “RAD’s reseller network has grown well, the sales funnel is full of great opportunities, the product line is ideal, and the response to our new RIO and ROSA-P products has been outstanding.”

DISCLAIMER: This article is for informational purposes only and does not constitute a recommendation to buy or sell stocks.

Steve Reinharz, CEO of AITX and RAD
Artificial Intelligence Technology Solutions
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