{"id":404512,"date":"2020-12-22T09:03:33","date_gmt":"2020-12-22T14:03:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404512"},"modified":"2020-12-22T09:03:33","modified_gmt":"2020-12-22T14:03:33","slug":"robotic-assistance-devices-large-opportunity-on-the-immediate-horizon","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/robotic-assistance-devices-large-opportunity-on-the-immediate-horizon\/","title":{"rendered":"Robotic Assistance Devices Large Opportunity on the Immediate Horizon"},"content":{"rendered":"

<\/p>\n

Robotic Assistance Devices Large Opportunity on the Immediate Horizon<\/b><\/p>\n

HENDERSON, Nev.–(BUSINESS WIRE<\/a>)–
\nArtificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that a major dealer of AITX\u2019s wholly owned subsidiary Robotic Assistance Devices (RAD) has received a greatly anticipated order for a 5-unit RAD solution. This integrated autonomous remote security and access solution will be deployed to a Fortune 500 end-user client with over 10 distribution centers and over 7,500 retail locations in the U.S. and Puerto Rico.\n<\/p>\n

\n\u201cThis order holds particular significance as it is an endorsement of RAD\u2019s vision of a fully integrated facility using its autonomous security solutions,\u201d said Steve Reinharz, President and CEO of RAD. \u201cThe order of five units spans three different RAD devices acting as a complete system and saving the facility hundreds of thousands of dollars versus legacy human-based solutions. If you\u2019ve ever heard us talk about RADTown, well, this is what RADTown Logistics looks like.\u201d\n<\/p>\n

\nDetails of the agreement were not disclosed, but the company confirmed that it was told that contracts would be received by the end of this year. Implementation will be Q1 2021. Reinharz added, \u201cThis opportunity has been in play nearly a year and a half and went through exhaustive legal and other agency review. We\u2019re delighted that the PO is expected to be in RAD\u2019s hands by year end.\u201d\n<\/p>\n

\nCAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS\n<\/p>\n

\nThis release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are “forward-looking statements” that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and\/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations.\n<\/p>\n

About Artificial Intelligence Technology Solutions (AITX)<\/b><\/p>\n

\nAITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX\u2019s RAD and RAD-M companies help organizations streamline operations, increase ROI and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services, and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education and healthcare. To learn more, visit www.roboticassistancedevices.com<\/a> or follow us on Twitter @RADbotsecurity.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201222005136\/en\/<\/a><\/span><\/p>\n

Investor Relations Contact
\n<\/b>
The Waypoint Refinery, LLC
\n
(845) 397-2956
\n
www.thewaypointrefinery.com<\/a><\/p>\n

Steve Reinharz
\n<\/b>
949-636-7060\n<\/p>\n

KEYWORDS:<\/b> Nevada United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Technology Hardware Security<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Robotic Assistance Devices Large Opportunity on the Immediate Horizon HENDERSON, Nev.–(BUSINESS WIRE)– Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that a major dealer of AITX\u2019s wholly owned subsidiary Robotic Assistance Devices (RAD) has received a greatly anticipated order for a 5-unit RAD solution. This integrated autonomous remote security and access solution will be deployed to a Fortune 500 end-user client with over 10 distribution centers and over 7,500 retail locations in the U.S. and Puerto Rico. \u201cThis order holds particular significance as it is an endorsement of RAD\u2019s vision of a fully integrated facility using its autonomous security solutions,\u201d said Steve Reinharz, President and CEO of RAD. \u201cThe order of five units spans three different RAD devices acting as … <\/p>\n

Continue reading “Robotic Assistance Devices Large Opportunity on the Immediate Horizon”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-404512","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRobotic Assistance Devices Large Opportunity on the Immediate Horizon - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/robotic-assistance-devices-large-opportunity-on-the-immediate-horizon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Robotic Assistance Devices Large Opportunity on the Immediate Horizon - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Robotic Assistance Devices Large Opportunity on the Immediate Horizon HENDERSON, Nev.–(BUSINESS WIRE)– Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that a major dealer of AITX\u2019s wholly owned subsidiary Robotic Assistance Devices (RAD) has received a greatly anticipated order for a 5-unit RAD solution. This integrated autonomous remote security and access solution will be deployed to a Fortune 500 end-user client with over 10 distribution centers and over 7,500 retail locations in the U.S. and Puerto Rico. \u201cThis order holds particular significance as it is an endorsement of RAD\u2019s vision of a fully integrated facility using its autonomous security solutions,\u201d said Steve Reinharz, President and CEO of RAD. \u201cThe order of five units spans three different RAD devices acting as … Continue reading "Robotic Assistance Devices Large Opportunity on the Immediate Horizon"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/robotic-assistance-devices-large-opportunity-on-the-immediate-horizon\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-22T14:03:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201222005136r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/robotic-assistance-devices-large-opportunity-on-the-immediate-horizon\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/robotic-assistance-devices-large-opportunity-on-the-immediate-horizon\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Robotic Assistance Devices Large Opportunity on the Immediate Horizon\",\"datePublished\":\"2020-12-22T14:03:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/robotic-assistance-devices-large-opportunity-on-the-immediate-horizon\\\/\"},\"wordCount\":579,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/robotic-assistance-devices-large-opportunity-on-the-immediate-horizon\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201222005136r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/robotic-assistance-devices-large-opportunity-on-the-immediate-horizon\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/robotic-assistance-devices-large-opportunity-on-the-immediate-horizon\\\/\",\"name\":\"Robotic Assistance Devices Large Opportunity on the Immediate Horizon - 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