{"id":441964,"date":"2021-02-23T09:03:22","date_gmt":"2021-02-23T14:03:22","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=441964"},"modified":"2021-02-23T09:03:22","modified_gmt":"2021-02-23T14:03:22","slug":"robotic-assistance-devices-announces-large-expansion-order-received-from-fortune-50-client","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/robotic-assistance-devices-announces-large-expansion-order-received-from-fortune-50-client\/","title":{"rendered":"Robotic Assistance Devices Announces Large Expansion Order Received from Fortune 50 Client"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Robotic Assistance Devices Announces Large Expansion Order Received from Fortune 50 Client<\/b><\/p>\n<p>HENDERSON, Nev.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nArtificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices (RAD) has received its highest dollar value order commitment to date, a nine-unit Wally HSO order from a Fortune 500 company with the ultimate end-user being a renowned Fortune 50 global company.\n<\/p>\n<p>\nSeven of the nine orders are in hand with the last two additional orders expected this week. These orders are from the logistics client that placed two Wally HSO units in service near the end of 2020 bringing their Wally HSO count to eleven. This particular client has several additional RAD units deployed throughout the country with dozens of additional units under contemplation.\n<\/p>\n<p>\n&#8220;We are just days away from closing FY 2021 and it\u2019s with great pleasure that I announce this substantial order from one of our most prestigious end-users,\u201d said Steve Reinharz, Founder and President of RAD. \u201cThis order is validation of our Wally HSO solution, and the entire RAD ecosystem.\u201d\n<\/p>\n<p>\nThe end-user had been evaluating the Wally HSO platform since November of 2020, verifying its performance in conducting and documenting routine required safety screening of employees entering mission critical facilities.\n<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Froboticassistancedevices.com%2Fwally-health-screening-option%2F&amp;esheet=52383647&amp;newsitemid=20210223005454&amp;lan=en-US&amp;anchor=Wally+HSO&amp;index=1&amp;md5=0004a3f96ca5a978191e9731c43a2117\">Wally HSO<\/a> is one of RAD\u2019s stationary solutions that allow end users to save significant expense while improving performance versus legacy solutions. The application of RAD\u2019s solutions and the direction of Artificial Intelligence Technology Solutions, Inc. can be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.aitx.ai%2F&amp;esheet=52383647&amp;newsitemid=20210223005454&amp;lan=en-US&amp;anchor=www.aitx.ai&amp;index=2&amp;md5=a0d8a570bf12ace0d3eb4c8fdc8c7202\">www.aitx.ai<\/a> in the Autonomous Remote Services manifesto. Through RAD, AITX seeks to bring a significant paradigm change to the 1.1 million strong manned guarding industry.\n<\/p>\n<p>\n&#8220;These orders mark the single largest dollar value order received since we started RAD and since this user opts to purchase these units there will be a significant positive impact on the company\u2019s Q1 revenue and earnings,\u201d Reinharz added. \u201cThe recurring monthly subscription revenue will begin after the first year.\u201d\n<\/p>\n<p>\nThe company also stated that additional anticipated orders and dealer channel activity would be announced at a later date.\n<\/p>\n<p>\nCAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS\n<\/p>\n<p>\nThis release contains &#8220;forward-looking statements&#8221; 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 &#8220;forward-looking statements&#8221; 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<p><b>About Artificial Intelligence Technology Solutions (AITX)<\/b><\/p>\n<p>\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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.aitx.ai%2F&amp;esheet=52383647&amp;newsitemid=20210223005454&amp;lan=en-US&amp;anchor=www.aitx.ai&amp;index=3&amp;md5=c6c419934dea3bf141007409001425ba\">www.aitx.ai<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.roboticassistancedevices.com&amp;esheet=52383647&amp;newsitemid=20210223005454&amp;lan=en-US&amp;anchor=www.roboticassistancedevices.com&amp;index=4&amp;md5=31d6b5c1193ceec31d27f1a3a4459db3\">www.roboticassistancedevices.com<\/a>, or follow Steve Reinharz on Twitter <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FSteveReinharz&amp;esheet=52383647&amp;newsitemid=20210223005454&amp;lan=en-US&amp;anchor=%40SteveReinharz&amp;index=5&amp;md5=c4a0761fa50b0ba753fbf5d8ed0b59cc\">@SteveReinharz<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210223005454r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210223005454\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210223005454\/en\/<\/a><\/span><\/p>\n<p>\nInvestor Relations Contact<br \/>\n<br \/>The Waypoint Refinery, LLC<br \/>\n<br \/>845-397-2956<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.thewaypointrefinery.com%2F&amp;esheet=52383647&amp;newsitemid=20210223005454&amp;lan=en-US&amp;anchor=www.thewaypointrefinery.com&amp;index=6&amp;md5=7e7d9b168f6339856ede867797e30fcb\">www.thewaypointrefinery.com<\/a><\/p>\n<p>\nSteve Reinharz<br \/>\n<br \/>949-636-7060\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Nevada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Data Management Consumer Electronics Technology Other Technology Software Hardware<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210223005454\/en\/783394\/3\/RAD_Logo_New_Portrait.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Robotic Assistance Devices Announces Large Expansion Order Received from Fortune 50 Client HENDERSON, Nev.&#8211;(BUSINESS WIRE)&#8211; Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices (RAD) has received its highest dollar value order commitment to date, a nine-unit Wally HSO order from a Fortune 500 company with the ultimate end-user being a renowned Fortune 50 global company. Seven of the nine orders are in hand with the last two additional orders expected this week. These orders are from the logistics client that placed two Wally HSO units in service near the end of 2020 bringing their Wally HSO count to eleven. This particular client has several additional RAD units deployed throughout the country with dozens &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/robotic-assistance-devices-announces-large-expansion-order-received-from-fortune-50-client\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Robotic Assistance Devices Announces Large Expansion Order Received from Fortune 50 Client&#8221;<\/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-441964","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Robotic Assistance Devices Announces Large Expansion Order Received from Fortune 50 Client - 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-announces-large-expansion-order-received-from-fortune-50-client\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Robotic Assistance Devices Announces Large Expansion Order Received from Fortune 50 Client - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Robotic Assistance Devices Announces Large Expansion Order Received from Fortune 50 Client HENDERSON, Nev.&#8211;(BUSINESS WIRE)&#8211; Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices (RAD) has received its highest dollar value order commitment to date, a nine-unit Wally HSO order from a Fortune 500 company with the ultimate end-user being a renowned Fortune 50 global company. Seven of the nine orders are in hand with the last two additional orders expected this week. These orders are from the logistics client that placed two Wally HSO units in service near the end of 2020 bringing their Wally HSO count to eleven. 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Seven of the nine orders are in hand with the last two additional orders expected this week. These orders are from the logistics client that placed two Wally HSO units in service near the end of 2020 bringing their Wally HSO count to eleven. 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