Artificial Intelligence Technology Solutions Inc (AITX)

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$AITX AITX's Subsidiary Robotic Assistance Devices Signs New Dealer, Receives ROSA Order

https://www.globenewswire.com/news-release/2022/05/24/2449391/0/en/AITX-s-Subsidiary-Robotic-Assistance-Devices-Signs-New-Dealer-Receives-ROSA-Order.html

Detroit, Michigan, May 24, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has signed U.S. Secure Ventures (USSV) as a new authorized dealer and has received an order for a ROSA security robot from this new dealer. USSV is a commercial security services provider with offices in Dallas, TX growing from regional leader to a national authority in commercial and integrated security.

USSV has a solid reputation and client base in the commercial real estate and construction industries through the booming Texas and southern states markets. The ROSA security robot ordered by USSV will be utilized for demonstration purposes to these and other clients.

“I was introduced to RAD last year at a local security conference and was impressed with their technology, and their people,” said Brook Carreker, President of USSV. “Our company and RAD are aligned very well. Their innovative solutions fit perfectly into our plan of leading the security services sector by offering the best technology.”

“We have seen such great progress recently penetrating regional security dealers,” said Mark Folmer, President of RAD. “We welcome USSV to the RAD network and expect them to be successful with their focus on tech and AI solutions that support manned guarding at a lower cost.”

“The guarding industry is certainly coming around to what RAD is doing, at the regional and national level,” said Steve Reinharz, CEO of AITX. “Economic, employment and social conditions are forcing corporate end-users and dealers to secure more affordable, and more effective solutions, and that need leads them right to RAD,” Reinharz added.

With the addition of the new authorized dealer, RAD’s dealer network has expanded to 42, covering the US, Canada, the United Kingdom, and the European Union.

RAD’s parent company AITX intends to file for listing on the OTCQB within 10 days of filing its YE2022 10-K which is expected in May.