Henderson, Nevada, March 15, 2021 — Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices (RAD) has published a case study featuring RAD’s client Citrus Construction, a subsidiary of The Richman Group, the seventh largest rental apartment owner in the US. This case study outlines how the deployment of RAD’s ROSA has had a positive impact on the company’s job sites. Greg Van Haute, Vice President at Citrus Construction states “…we’re paying a fraction of what we were paying before. More importantly, we’ve seen a drop in crime”.
Construction companies, property managers and contractors are repeatedly plagued by the costly and dangerous instances of theft, vagrancy and trash dumping on their active job sites and properties. RAD’s ROSA is a breakthrough in autonomous security devices, complementing and at times outright replacing traditional security guards. “ROSA is doing the same or better than having a security guard in place,” Van Haute concluded.
“This case study is absolute validation towards everything that we have built into the RAD ecosystem,” said Steve Reinharz, President and CEO of RAD. “The cost savings and enhanced security profile that Citrus Construction is experiencing with just a few ROSAs is what we envision for every business, large or small.”
The Richman Group has indicated that they plan to share these successful results with its 100+ managed residential properties and their other construction projects. “RAD is just scratching the surface of the massive US construction market. There is so much potential in the construction services industry, and we expect that ROSA and the other RAD solutions will be warmly received as they were with Citrus Construction,” Reinharz concluded. According to Statista, in 2020, new construction in the United States was valued at just over $1.36 trillion.
The complete case study can be accessed online at
https://roboticassistancedevices.com/case-study-citrus-construction/
Robotic Assistance Devices (RAD) is a high-tech start-up that delivers robotics and artificial intelligence-based solutions that empower organizations to gain new insight, solve complex security challenges, and fuel new business ideas at reduced costs. RAD developed its advanced security robot technology from the ground up including circuit board design, and base code development. This allows RAD to have complete control over all of design elements, performance, quality and the user’s experience of all security robots whether SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, or ROAMEO™. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto.
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, to meet business and financial goals including projections and forecasts, 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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Investor Relations Contact
The Waypoint Refinery, LLC
845-397-2956
www.thewaypointrefinery.com
Steve Reinharz
949-636-7060
