Production Doubled for AITX's Subsidiary, Robotic Assistance Devices’ RIO™ Solar-Powered ROSA™ Towers

RAD Books an Additional 10 RIO 360 Systems via Expansion Order from Automotive Manufacturer

The Company also noted that RAD has received an order for 10 RIO 360 systems from a large automotive manufacturer as part of their nationwide expansion. This corporate end-user had previously ordered 2 RIO systems and is now considering further expansion to 40 units. This order has been facilitated by one of RAD’s largest authorized dealers.

In a press release dated July 11, 2023, RAD set the third production run of RIO at 100 units. The first production run was 10 units and the second run was 25 units. RAD now announces that the 100 unit production run has been increased to 200 units. Monthly production is expected to be 25 RIOs in September and 50 RIOs per month beginning in October. The Company will increase or decrease this number as needed. The Company’s Detroit factory, affectionately referred to as the RAD Excellence Center (or ‘REX’) can produce up to 100 RIO units per month without impacting AVA and ROSA production. The Company is staffing additional assembly personnel to perform the additional building.

“It was just last month when we kicked off production of 100 RIOs, it’s fantastic to now double that in support the sales pipeline, and get these units out to the clients,” said Steve Reinharz, CEO of AITX and RAD. “We’ll share more detail on this in the coming months but there have been 2 direct comparisons of RIO versus the volume market leader and in both cases RIO won handily. We appear on track to take a significant leadership role in this market niche in the coming years.” 

RIO 360 is a versatile security tower configured with dual ROSA devices. RIO 360 offers the marketplace two valuable benefits. The first is the unmatched performance of the dual ROSA devices that sit atop the unit’s mast. There is no device in the market that can perform ROSAs extensive list of autonomous actions. ROSA is RAD’s best-selling and a multiple award-winning device. The second critical differentiator is RIO’s value pricing. RIO’s pricing competes favorably against the leading solar tower manufacturers. RIO 180 utilizes much of the same hardware and software platform as RIO 360, but ships with a single ROSA device and fewer solar panels.

Reinharz added, “RIO is our highest revenue generating, stationary solution right now. The recurring monthly revenue produced by these 200 units will help the Company take a significant step closer to attaining positive cash flow.”

Recurring Monthly Revenue (RMR) is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

As stated, sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published three Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country.