Robotic Assistance Devices Receives First Order of Previously Received Letter of Intent for ROAMEO Mobile Security Robot

HENDERSON, Nev.–(BUSINESS WIRE)–$AITX–Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD) has received an order from one of its authorized dealers for RAD’s ROAMEO 2.0 (Rugged Observation Assistance Mobile Electronic Officer). This dealer had committed to up to 20 ROAMEO units in a prior Letter of Intent (LOI).


This first of several expected ROAMEO units will be deployed within a major Hollywood studio whose name cannot be disclosed due to existing non-disclosure agreements.

“ROAMEO, being the first mobile device that is part of the RAD system of devices, is on track for many amazing deployments,” said Steve Reinharz, CEO of AITX and RAD. “Receiving this order during the first week of ROAMEO 2.0’s public tour was great. We expect to regularly announce more ROAMEO orders as we convert LOIs to firm orders and inevitably close more deals with other prestigious clients.”

ROAMEO 2.0 was unveiled to the public at last week’s NCS4 Conference in Phoenix, Arizona to an audience of spectator sport security executives. Due to the overwhelming reception of ROAMEO at NCS4, another conference at the same resort, the Association of Equipment Manufacturers requested an appearance of ROAMEO at their keynote address. Later this week, ROAMEO will be on exhibit at the IAAPA Expo, beginning November 16th in Orlando, Florida.

The company confirmed that the nation’s continuing labor shortage is forcing security services dealers and forward-thinking end users to seek alternatives to manned security guard positions. These alternatives include the use of autonomous, AI-driven robotic solutions. ROAMEO is a mobile security robot that is nearly 7 ft. tall and weighs over 700 lbs. According to the company, ROAMEO is built to autonomously patrol a property or periphery and survey its surroundings, conducting routine patrols, recording, and reporting back to the central command center.

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 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.

Follow Steve Reinharz on Twitter @SteveReinharz for future RAD 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, RAD-M and RAD-G 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, www.roboticassistancedevices.com and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

Contacts

Steve Reinharz

949-636-7060

@SteveReinharz