AITX’s RAD Wins New Fortune 500 Manufacturer, Displacing Established Competitor

Core Insights - The company has received initial orders for RIO Mini units from a Fortune 500 manufacturer, marking the beginning of a significant opportunity for expansion in North America [1][2] - The deployment of RIO units is expected to lead to a potential order of up to 200 units across various models, indicating strong growth prospects [1][2] - The company aims to replace traditional security methods with its AI-driven solutions, which can provide cost savings of 35%-80% compared to conventional manned security [3][4] Company Overview - Artificial Intelligence Technology Solutions, Inc. (AITX) is a leader in AI-driven security solutions, with its subsidiary Robotic Assistance Devices, Inc. (RAD) focusing on innovative, cost-effective security services [3][5] - The company has a strong leadership team with extensive experience in security services and technology, enhancing its capability to deliver effective solutions [5] - AITX's solutions are designed for various sectors, including government, healthcare, and critical infrastructure, aiming to streamline operations and improve ROI [7] Market Position - The security and guarding services industry is valued at nearly $50 billion in the U.S., presenting a substantial market opportunity for AITX's innovative solutions [3] - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating a robust potential for recurring revenue as these clients may place multiple orders over time [6] - The successful completion of a SOC 2 Type 2 audit reinforces the company's credibility and compliance with data protection standards, which is crucial for attracting enterprise and government clients [4]