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AITX's RAD Achieves Record Single Day Deployment as Sixteen RIO Units Go Live at Major Construction Site
Newsfile· 2025-12-08 13:40
Core Insights - AITX's subsidiary RAD achieved a record deployment by activating sixteen RIO™ Mini units in a single day at a major construction site, reflecting the company's operational maturity and the growing demand in the construction sector [1][4][3] Company Performance - The order for the sixteen RIO units was received on October 17, and all units were activated within eight weeks, showcasing RAD's efficient turnaround from order to deployment [1][4] - The successful deployment reinforces RAD's momentum and ability to execute at scale, meeting the rising demand for autonomous security solutions in the construction industry [4][3] Industry Context - The security and guarding services industry is valued at nearly $50 billion, with RAD's solutions offering cost savings of 35%-80% compared to traditional manned security services [5] - The construction sector is emerging as one of RAD's most productive areas, driven by the need for reliable security monitoring on large job sites [3][4] Leadership and Expertise - AITX and RAD are led by experienced professionals, including CEO Steve Reinharz, who has extensive background in the security services industry [7] - The leadership team includes individuals with significant expertise in security, law enforcement, and robotics, enhancing RAD's capability to deliver innovative solutions [7] Sales Pipeline - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for future business growth and recurring revenue [8]
AITX's RAD Reveals Another Wave of Orders
Newsfile· 2025-11-24 13:40
Core Insights - The company, Artificial Intelligence Technology Solutions, Inc. (AITX), reported a series of new orders for its AI-driven security and productivity solutions, indicating strong momentum in its device and software portfolio [1][3] - The recent orders include various systems and licenses, suggesting that the current quarter may be the strongest for order intake in the fiscal year [3][4] Company Overview - AITX, through its subsidiary Robotic Assistance Devices, Inc. (RAD), is innovating within the $50 billion security and guarding services industry by offering AI-driven Solutions-as-a-Service that can save businesses between 35%-80% compared to traditional manned security [5] - The company’s solutions are designed to complement or replace human personnel in environments better suited for machines, enhancing operational efficiency [5][9] Recent Developments - The company has booked new orders for 24 RADCam Enterprise systems, 3 RIO Mini systems, 3 TOM units, 2 AVA units, 6 SARA licenses, and 1 ROSA unit, contributing to a strong order intake [3][4] - CEO Steve Reinharz noted an acceleration in B-to-B activity and emphasized the focus on increasing recurring monthly revenue to finish the fiscal year strong [4] Leadership and Expertise - The leadership team at RAD includes experienced professionals from the security services industry, enhancing the company's ability to deliver innovative solutions [7] - The team’s background includes expertise in law enforcement and robotics, which supports the development of practical and disruptive security solutions [7] Sales Pipeline - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating significant potential for future business growth [8] - The company aims to convert existing sales opportunities into deployed clients, which would generate a recurring revenue stream [8]
AITX's RAD Reports One of Its Strongest Multi-Client Single-Day Order Intake Totals
Newsfile· 2025-10-17 12:40
Core Insights - The company, Artificial Intelligence Technology Solutions, Inc. (AITX), through its subsidiary Robotic Assistance Devices, Inc. (RAD), has achieved one of the strongest single-day order intakes in its history, indicating robust demand for its AI-driven security solutions [1][4]. Company Performance - On October 16, 2025, RAD received orders for 23 hardware units and 17 software licenses from diverse clients in construction, banking, healthcare, and logistics sectors, showcasing the broad applicability of its products [3][4]. - The recent surge in orders follows a series of strong sales months, with record-setting quarters and rapid adoption of RIO Mini units in the construction industry [4][5]. Market Position - AITX is positioned to redefine the nearly $50 billion security and guarding services industry with its innovative Solutions-as-a-Service business model, offering cost savings of 35%-80% compared to traditional manned security [5][6]. - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating significant growth potential as it converts sales opportunities into recurring revenue streams [8][9]. Leadership and Expertise - The leadership team, including CEO Steve Reinharz, brings extensive experience in the security services industry, enhancing the company's credibility and operational effectiveness [7][9]. - The successful completion of a SOC 2 Type 2 audit validates the company's internal controls for handling customer data, reinforcing its appeal to enterprise and government clients [6][9].
AITX's RAD Wins Major RIO Mini and SARA Deployment for Government Construction Project
Newsfile· 2025-10-02 12:40
Core Insights - AITX's subsidiary RAD has received an order for ten RIO Mini units with SARA AI platform for a government construction project, indicating a growing demand in the construction sector [1][4][6] - The initial deployment may expand to over 100 units, highlighting the potential for significant recurring revenue [3][4][6] - RIO Mini provides a flexible, solar-powered security solution that enhances security while reducing costs compared to traditional guard services [5][6] Company Overview - AITX, through RAD, is innovating in the $50 billion security services industry with AI-driven solutions that can save businesses 35%-80% compared to traditional security models [7] - The company has successfully completed a SOC 2 Type 2 audit, reinforcing its credibility with enterprise and government clients [8] - RAD's leadership team includes experienced professionals from the security and law enforcement sectors, enhancing its capability to deliver effective solutions [9] Market Potential - RAD has a prospective sales pipeline involving over 35 Fortune 500 companies, indicating strong future business opportunities [10] - The deployment of RIO Mini and SARA is expected to set the stage for broader adoption in the construction sector, as companies seek to reduce theft and control security costs [6][10]