AITX's RAD Adds Strong Construction Industry Expansion with Multiple RIO Minis and SARA

Core Insights - AITX's subsidiary RAD has secured an order for multiple RIO™ Mini units with SARA™ licenses from a construction client, following significant losses due to theft [1][4] - The RIO Mini units are designed to enhance security at construction sites, providing real-time monitoring and autonomous responses to potential risks [4][5] - The construction industry is increasingly adopting autonomous security solutions to mitigate losses and improve project security [3][5] Company Overview - AITX, through RAD, is innovating within the $50 billion US security and guarding services industry, offering AI-driven solutions that can reduce costs for businesses by 35%-80% compared to traditional security methods [5][6] - RAD's technology includes a suite of robotic solutions that can replace or complement human security personnel, enhancing operational efficiency [5][9] - The company has successfully completed a SOC 2 Type 2 audit, validating its internal controls for customer data protection, which is crucial for enterprise and government clients [6] Market Position - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for future business growth and recurring revenue [8] - The combination of RAD's hardware and SARA's AI capabilities positions the company favorably in the market, as it addresses the rising demand for effective security solutions in various sectors [4][9] - The leadership team at RAD brings extensive experience from the security services industry, enhancing the company's credibility and innovation capacity [7]