AITX’s RAD Passes Production Savings onto Customers with Updated Pricing for RIO™ Solar-Powered Security Towers
2024-05-06 08:40 ET - News Release
Pricing Move Expected to Further Accelerate RAD's Penetration in the Mobile Surveillance Unit (MSU) Marketplace
Detroit, Michigan, May 06, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), proudly announces price reductions for two of its flagship products: RIO™ 360 and RIO 180. Effective immediately, customers will enjoy a 12% reduction on RIO 360 and a 14% reduction on RIO 180.
These price reductions are facilitated by RAD's continuous enhancements in supply chain management, production processes, and the strategic shift to the innovative RAD Generation 4 design which is expected to result in substantial cost savings over the next several months. By passing these savings onto customers, RAD reinforces its commitment to becoming one of the largest suppliers of towers, complete with RAD technology, in this fast-growing market segment.
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