Phoenix, Arizona, February 22, 2021 (Newsfile Corp.) — The Stock Day Podcast welcomed Artificial Intelligence Technology Solutions (AITX) (“the Company”), 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. CEO of the Company, Steve Reinharz, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company’s background and current projects. “It was 2017 when I did the reverse merger into the public company that I then renamed ‘Artificial Intelligence Technology Solutions’,” explained Reinharz, after elaborating on his experience in the artificial intelligence space.
“What are your revenue goals moving forward and what markets are you hoping to penetrate?”, asked Jolly. “As far as revenues go, we’ve had double-digit percent growth month-over-month, which is fantastic. That kind of exponential growth is going to be one of our goals for the foreseeable future,” said Reinharz, noting that the Company has also been working to improve the Company’s financials. “We had a situation where sales were outpacing our ability to produce, so we moved into a new assembly location in California, and recently it looks like we have been outgrowing that facility, which will accelerate our plans to move into a much larger facility in Michigan presumably before the end of this year.”
“From a sales growth standpoint, I couldn’t be happier. From a market acceptance standpoint, we’ve got a long way to go. We’re just scratching the surface,” said Reinharz. “We have a platform-style solution that applies across a variety of markets,” he continued. “We have five products in the market right now,” said Reinharz. “We have a very focused road map for 2021 and 2022 from a development standpoint. So, we’re just going to continue to build and grow,” he shared. “Our mission is to be the incumbent in this new space that we are creating, which we call the ‘Autonomous Remote Services’ space.”
“For the Robotic Assistance Devices (RAD), what is the price point from the lowest to the highest?”, asked Jolly. “It is going to be from about $700 to $6,000 per month,” explained Reinharz, noting that the Company’s solutions drastically reduce the cost of traditional manned security services.
The conversation then turned to a recent advertisement released by the Company. “We wanted to participate in a positive messaging piece,” said Reinharz. “It’s called ‘America Renewed’ on USA TODAY,” he added. “We wanted to be a part of the story of how we are protecting ourselves and staying healthy using technology and autonomous systems to do it,” explained Reinharz. “We had paid participation by all of the dealers on the ad,” he shared, noting that the advertisement represented both a low-cost and high-visibility opportunity for the Company.
To close the interview, Reinharz encouraged listeners to consider the future and potential of the artificial intelligence space as workplace roles continue to evolve and embrace technology. Reinharz also expressed his gratitude for the opportunity to reach listeners and shareholders, and encouraged listeners to take a closer look at the Company’s current projects and new developments.
To hear the entire interview with Steve Reinharz, follow the link to the podcast here: https://tinyurl.com/wuneloht
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This 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.
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 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.aitx.ai and www.roboticassistancedevices.com, or follow Steve Reinharz on Twitter @SteveReinharz.
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