Henderson, Nevada, March 18, 2021 — Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices (RAD) has signed a 10-year lease on a new facility in Royal Oak Township, Michigan, as part of its ongoing expansion plan.
RAD will be taking possession May 1 of a 30,000 SqFt light industrial building in the heart of Royal Oak Township’s robust industrial center. The company plans to move much of its manufacturing, assembly, testing and shipping operations from its Irvine, California facility to the new location in the greater Detroit area.
“This marks another major milestone in our march towards conquering the autonomous remote services sector,” said Steve Reinharz, Founder and CEO of RAD. “The innovation that will soon be rolling out of this beautiful production facility is going to shake up many industries. We are having so much fun as we continue to grow.”
The company anticipates hiring up to seventy-five employees to staff the Royal Oak Township facility over the new few years. The workforce for this facility will include electronic technicians, assemblers, quality control, warehousing and some administrative staff. Most of the personnel for this facility will be new local hires, with only a few employees being relocated from existing company sites.
The company selected this location due to the quality of the labor pool, affordability of a suitable manufacturing facility, and its proximity to the company’s R&D center in Waterloo, Ontario, Canada, just a few hours away. Key to the company’s decision on this specific property was its large paved area and open field. “Our plan is to build a vigorous test track and proving grounds for ROAMEO, our drones, and other mobile devices that will be built here. We couldn’t do this in southern California,” said Mark Folmer, COO of RAD. Additional details about the testing of mobile and drone units will be announced at a later date.
“We welcome RAD to Royal Oak Township,” said Donna Squalls, Supervisor of Royal Oak Township. “This is evidence of the resurgence of the area that a forward-looking company like RAD would choose Royal Oak Township as its new home,” Supervisor Squalls concluded.
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
