Henderson, Nevada, June 24, 2021 — Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices Group, Inc. (RAD-G) is in development of its first generation ‘Compute & Control’ hardware controller with related software. This development will streamline cost, production, quality control, service and implementation times while increasing responsiveness and allowing for simpler integration of additional artificial intelligence based analytics in the future.
Dubbed RADCore, this new component will eliminate multiple processors presently used to drive all RAD devices. This component will be first used in RAD’s new ROSA270 device.
“This is a huge step for RAD-G, RAD and RAD-M as we integrate our proprietary AI analytics, autonomous response, and navigation technologies into board-level components designed in-house,” said Steve Reinharz, CEO of AITX and all related subsidiaries. “We anticipate a significant savings across a variety of cost categories,” Reinharz continued.
The company confirmed that this new compute platform will be integrated into all stationary and mobile security robot solutions. “RADCore opens the door for robust functionality across the RAD product line with features that we have yet to conceive. It’s really an entirely new platform for us to build upon. It’s at the core of what I refer to as RAD 3.0, the next phase of RAD,” Reinharz added.
Reinharz mentioned that RADCore is the first three R&D efforts that should create new streams of revenue for AITX under the RAD-G subsidiary. “This is a big step in our progress towards bringing transformational change to the $ 50 billion US security market,” Reinharz concluded.
Follow Steve Reinharz on Twitter @SteveReinharz for future RAD-G and AITX updates.
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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