Artificial Intelligence Technology Solutions Inc (AITX)

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NEWS: Artificial Intelligence Technology Solutions (OTCPK:AITX) Expected to Announce RAD’s Quarterly Sales Intake

Detroit, Michigan, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced that it is expected to release its Q2 FY 2024 sales unit intake results on Wednesday September 6, 2023.

"I am incredibly excited to soon share the sales results from our primary subsidiary RAD,” said Steve Reinharz, CEO of AITX and RAD. "The 2nd quarter that’s just closed has shown great progress and continued momentum. We’ve publicized some big wins recently and I hope our amazing community of followers is as excited as I am to announce these results."

Reinharz continued, "I’d like to invite everyone to check out our weekly videos where we review the week’s events and progress and I often share a glimpse of what lies ahead. There’s so much going on at AITX and RAD, it’s really the best way to stay informed."

Interested parties are encouraged to visit AITX on YouTube at www.youtube.com/@AITX-RAD.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

https://finance.yahoo.com/news/artificial-intelligence-technology-solutions-otcpk-124000229.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance