RAD Continuing Government Market Share Expansion
Detroit, Michigan, January 29, 2025 — Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, along with its subsidiary, Robotic Assistance Devices, Inc. (RAD), has secured a contract for six RIO 360™ solar-powered security trailers. This order, facilitated through an authorized dealer, was placed by a municipality in the southeastern United States.
This contract was awarded following a competitive evaluation, with RAD’s RIO 360 security solution selected over an established industry leader in solar-powered security trailers. The decision reinforces RAD’s growing reputation as a preferred provider for municipalities seeking advanced security technology.
Building on the momentum announced earlier this week, this latest order further accelerates RAD’s expansion into city and county markets. The Company continues to see increased demand from municipalities looking for effective, cost-efficient security solutions that deliver real-time deterrence and remote monitoring capabilities.
“RIO 360 is winning when in competitive situations because it’s simply superior in so many ways” said Steve Reinharz, CEO/CTO of AITX and RAD. “Designed to provide comprehensive site coverage, the mobile security unit combines AI-powered analytics and automated deterrence features, making it an ideal choice for municipalities and large-scale deployments.”
With a growing pipeline of municipal and enterprise opportunities, RAD continues to expand its market presence with security solutions that provide immediate operational benefits and long-term cost savings. The Company remains focused on accelerating deployments, strengthening dealer partnerships, and securing additional contracts that reinforce its leadership in AI-driven security technology.
“Seeing municipalities adopt RAD solutions at an increasing pace is a testament to the effectiveness of our technology,” said Troy McCanna, Chief Security Officer & Senior Vice President of Revenue Operations at RAD. “RIO delivers the security coverage and deterrence that cities need while offering a streamlined deployment process through our dealer network. This latest contract is another indicator that RAD’s solutions are meeting the real-world demands of public safety and security.”
Reinharz concluded, “With a rapidly growing network of channel partners and enterprise clients, we are seeing an influx of demand for our AI-driven security solutions. Supporting this expansion requires investments in production, deployment logistics, and client support, ensuring that as we grow, we maintain the highest levels of service and innovation.”
Deployments are expected to begin in Q1 2025, with the RIO 360 units being placed at key locations identified by the end-user. RAD will support the deployment process along with its authorized dealer, ensuring seamless integration and optimal performance.
Sitting atop a standard RIO 360 are two ROSA units. ROSA is a multiple award-winning, compact, self-contained security and communication device that can be installed and activated in about 15 minutes. Its AI-driven capabilities include human, firearm, and vehicle detection, license plate recognition, responsive digital signage, audio messaging, and seamless integration with RAD’s software suite for real-time notifications and autonomous intelligent responses. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published six Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at retail centers, hospital campuses, multi-family communities, car rental locations and construction sites across the country.
AITX, through its primary subsidiary, Robotic Assistance Devices, Inc. (RAD-I), is redefining the nearly $50 billion (US) security and guarding services industry[i] through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD-I solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD-I delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD-I has a prospective sales pipeline of dozens of Fortune 500 companies and numerous other client opportunities. RAD-I expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
About Artificial Intelligence Technology Solutions (AITX)
AITX 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’s RAD-I, RAD-R, RAD-M and RAD-G 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 staff 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.aitx.ai, www.radsecurity.com, www.radcam.ai, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
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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. 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.
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. 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.
CERTAIN ILLUSTRATIVE FINANCIAL PROJECTIONS
Forward-Looking Statements
The financial projections of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (the “Projections”) set forth below constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements or industry standards may differ materially from those expressed or implied in such forward-looking statements. The forward-looking statements contained in the Projections are subject to trends and uncertainties. The forward-looking statements in the Projections are not guarantees of future results and are subject to risks that could cause actual results to differ materially and adversely from those expressed in any forward-looking statements. As such, you are cautioned not to place undue reliance on such forward-looking statements. The Company is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise. All forward-looking included below are qualified in their entirety by this cautionary statement and the statements under “Important Information” below.
Important Information Regarding Financial Projections
The Projections and the underlying assumptions were prepared internally by the Company’s management and were not prepared with a view towards compliance with published SEC or the American Institute of Certified Public Accountants for preparation and presentation of financial forecasts or generally accepted accounting principles. Neither the Company’s independent auditors, nor any other independent accountants, have compiled, examined or performed any procedures or review with respect to the Projections, nor have they expressed any opinion or given any form of assurance with respect to such information or its achievability. Furthermore, the Projections are necessarily based on numerous variables, assumptions and estimates that are inherently uncertain, many of which are beyond the Company’s control, including a wide variety of industry performance, general business, economic, regulatory, competitive, market and financial conditions, as well as matters specific to the Company’s business.
The Projections should not be regarded as an indication that any of the Company or its affiliates or management considered to be predictive of actual future events. Actual results will likely vary from the Projections, and such variations may be material. Neither the Company nor its affiliates or management can give you any assurance that actual results will not differ materially from the Projections. The Projections should be read together with the Company’s historical financial statements, which may be accessed at www.sec.gov.
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Steve Reinharz
949-636-7060
@SteveReinharz
