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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 Large Construction Client Expands RAD Application with Substantial Order
Newsfile· 2025-11-06 13:40
Core Insights - AITX's subsidiary RAD has received a substantial order from a large construction client for six additional ROSA units, each equipped with a SARA license, aimed at enhancing security and operational oversight at a construction site [1][3][5] Company Developments - The new ROSA units will be deployed to monitor and secure perimeter areas, deterring loitering and trespassing while providing construction time-lapse footage [3][5] - CEO Steve Reinharz emphasized that expansion orders from existing clients reflect confidence in the company's performance and commitment to exceeding client expectations [4][6] - Each ROSA unit operates with the SARA platform, which autonomously analyzes video feeds and responds to potential risks without human intervention, offering a comprehensive security solution [5][6] Industry Context - AITX, through RAD, is positioned to redefine the $50 billion security services industry with its AI-driven Solutions-as-a-Service model, providing cost savings of 35%-80% compared to traditional manned security [7] - The company has successfully completed a SOC 2 Type 2 audit, validating its internal controls for handling customer data, which enhances its credibility with enterprise and government clients [8] - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for future business growth and recurring revenue streams [10]
AITX's RAD Closes October with Strong Sales and Expanding Market Presence
Newsfile· 2025-11-05 13:40
Core Insights - AITX's RAD has experienced strong sales activity in the first two months of Q3 FY2026, securing numerous device orders and software license agreements, indicating a robust market presence and demand for AI-driven security solutions [1][3][5] Sales and Market Activity - RAD has contracted orders for 64 devices, including eight proof-of-concept deployments, and 46 software licenses for products like SARA, RADGuard™, and Firearm Detection [3] - The company has expanded its dealer network by adding six new authorized dealers and two independent channel partners, enhancing its market reach [3][5] Financial Performance and Growth - The company is positioned for a strong finish to the quarter, with expectations of recurring monthly revenue growth and operational cash flow positivity [5][6] - RAD's solutions offer cost savings of 35%-80% compared to traditional manned security services, appealing to a wide range of businesses [6] Leadership and Expertise - The company is led by experienced professionals in the security industry, including CEO Steve Reinharz, who emphasizes the importance of RAD's technology in the current market [5][8] - The leadership team includes individuals with backgrounds in law enforcement and security industry innovation, reinforcing the company's credibility and capability [8] Future Prospects - RAD has a prospective sales pipeline involving over 35 Fortune 500 companies, indicating significant potential for future business growth [9] - The company is actively pursuing new technologies and partnerships to further expand its market impact [6][9]
AITX's RAD Adds a New Major U.S. Healthcare System Client
Newsfile· 2025-11-04 13:40
Core Insights - AITX's subsidiary RAD has transitioned from a pilot program to paid contracts with a major U.S. healthcare provider, marking a significant step in expanding its presence in the healthcare sector [1][4] - The healthcare sector is identified as a long-term growth platform for RAD, driven by increasing demand for autonomous security solutions [3][4] - RAD's technology is designed to provide substantial cost savings, estimated between 35%-80%, compared to traditional manned security services [5] Company Developments - The initial pilot involved three RIO™ 360 units at two hospital locations, which will start generating revenue as of November 1, 2025 [1] - RAD's solutions are increasingly being adopted in complex healthcare environments due to staffing challenges and safety concerns [3] - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong future growth potential [8] Technology and Solutions - RAD's RIO 360 units are equipped with dual ROSA™ units, which provide advanced security features such as human and vehicle detection, license plate recognition, and two-way communication [4] - The technology aims to enhance safety and operational efficiency in various environments, including healthcare, by allowing existing personnel to focus on more strategic tasks [9] - RAD has published case studies demonstrating the effectiveness of its solutions in reducing incidents of theft and loitering across various sectors [4]
AITX's RAD Signs Propertysec as Master Distributor to UK
Newsfile· 2025-10-22 12:40
Core Viewpoint - AITX's subsidiary RAD has appointed Property Security Services PSS Ltd. (Propertysec) as the Master Distributor for the UK, marking a significant step in RAD's international expansion strategy and enhancing its global footprint in AI-powered security solutions [2][4][5]. Company Overview - AITX, through RAD, is innovating within the nearly $50 billion US security and guarding services industry by offering AI-driven Solutions-as-a-Service, which can provide cost savings of 35%-80% compared to traditional manned security models [9]. - RAD's technology suite includes various AI-powered solutions such as ROSA™, RIO™, ROAMEO™, RADCam™ Enterprise, and SARA™, aimed at modernizing security practices and enhancing safety [2][4]. Strategic Partnerships - The partnership with Propertysec is expected to leverage their expertise in securing vacant and high-risk properties, aligning with RAD's mission to redefine physical security through intelligent automation [2][6]. - This appointment follows RAD's earlier announcement of Technon Cyber as the Master Distributor for Latin America, indicating a broader strategy for global growth [4]. Market Positioning - Propertysec, founded by industry veteran Justin Quigley, is recognized for its innovative approaches to property protection and crime prevention, making it a suitable partner for RAD in the UK market [6][8]. - The collaboration aims to introduce advanced technologies that not only monitor but also actively respond to security threats, addressing the evolving needs of the UK market [8]. Leadership and Expertise - AITX and RAD are led by experienced professionals, including CEO/CTO Steve Reinharz, who has extensive experience in the security services industry, and a team with backgrounds in law enforcement and robotics innovation [12][14]. - The combined expertise of RAD and Propertysec is expected to deliver significant results for clients while enhancing RAD's presence in a mature security market [8][12].
AITX's RAD Sees Q3 Sales Momentum Build as Orders Flow from Multiple Industries
Newsfile· 2025-10-09 12:40
Core Insights - AITX's subsidiary RAD has experienced significant sales momentum in Q3 2025, with new orders across various industries including healthcare, retail, construction, banking, and property management, indicating a growing market adoption of AI-driven security solutions [1][8] Sales Activity - Since September 1, 2025, RAD has secured multiple new orders, including two ROSA™ units for a security services firm in Michigan, two ROSA units with SARA™ for a luxury student housing complex, and a RIO™ 180 unit for a residential property management company in California [3][4] - Additional orders include units for a global logistics provider and a major diagnostics company, showcasing RAD's penetration into diverse sectors [3][5] Order Summary - The Q3 FY2026 order summary includes various devices: 2 ROAMEO Gen 4, 9 ROSA, 3 RIO 360, 4 RIO 180, 11 RIO Mini, and 10 RADGuard Licenses, totaling 54 devices/licenses [6][7] Market Position - The company is positioned as a leader in the AI-driven security and monitoring solutions market, with a focus on scaling production and converting demand into recurring revenue growth [8][10] - AITX's solutions are designed to provide cost savings of 35%-80% compared to traditional manned security services, indicating a strong value proposition in the security industry [10][15] Leadership and Expertise - AITX is led by experienced professionals in the security services industry, including CEO Steve Reinharz and President Mark Folmer, who bring extensive expertise to the company [12][13] Future Prospects - RAD has a prospective sales pipeline of over 35 Fortune 500 companies, indicating strong potential for future growth and recurring revenue generation [14]
AITX's RAD and Immix Deepen Partnership with Feature-Rich Technology Integration to Boost Operator Efficiency and Accelerate AI Adoption
Newsfile· 2025-09-30 12:40
Core Insights - Immix and Robotic Assistance Devices (RAD) are collaborating to develop an integration that enhances the functionality of RAD's security devices with the Immix platform, aiming to meet customer demand for improved control and real-time insights [1][3][4] Company Overview - Immix is a global provider of software that enhances the management and response capabilities of commercial central stations and monitoring centers, with a focus on video-centric managed services across various markets [9] - Artificial Intelligence Technology Solutions, Inc. (AITX), through its subsidiary RAD, is innovating within the $50 billion security and guarding services industry, offering AI-driven solutions that can reduce costs for businesses by 35%-80% compared to traditional manned security [10][14] Integration Features - The integration will provide real-time situational awareness through live video streams and actionable alarms, enabling operators to assess threats accurately and efficiently [5] - Enhanced interactive functionalities will allow operators to take deterrent measures, such as triggering alarms or communicating with individuals on-site, thereby increasing the effectiveness of remote monitoring [6] - The integration aims to improve operational efficiency by facilitating device configuration retrieval and supporting features like video playback and health checks for devices [6] Future Automation - The collaboration is strategically important for establishing a technical foundation that supports future automation and AI solutions, particularly RAD's SARA (Speaking Autonomous Responsive Agent) which automates incident management and operator dispatch [7][8] - Both companies are actively engaged in the development process, with expectations to deliver immediate value to customers while advancing the security industry towards Agentic AI [8] Leadership and Expertise - RAD is led by experienced professionals in the security services industry, including CEO Steve Reinharz, who has a strong background in security technology and innovation [12] - The RAD team includes experts with extensive experience in law enforcement and security, reinforcing the company's capability to deliver effective solutions [12] Market Potential - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue as existing sales opportunities are converted into deployed clients [13]
Leading National Retail Property Operator Strengthens AITX & RAD Engagement
Newsfile· 2025-09-24 12:40
Core Insights - The company has signed a multi-unit proof of concept with a leading national retail property operator to deploy multiple ROSA™ units powered by SARA™ to address security issues such as overnight trespassing [1][3] - This engagement is expected to pave the way for further deployments of additional security solutions across the operator's extensive portfolio [1][6] Company Overview - Artificial Intelligence Technology Solutions, Inc. (AITX) and its subsidiary Robotic Assistance Devices, Inc. (RAD) are focused on redefining the $50 billion security and guarding services industry through AI-driven solutions [7] - RAD's solutions can provide cost savings of 35%-80% compared to traditional manned security services, enhancing operational efficiency [7] Industry Challenges - Retail property operators are facing increasing security challenges, including trespassing and loitering, particularly in high-traffic areas where after-hours oversight is limited [5] - The pressure to adopt technology-led solutions is growing as traditional guard forces are costly and often insufficient [5] Future Prospects - Successful results from the current engagement could lead to significant expansion opportunities across numerous retail centers nationwide, creating recurring monthly revenue [6] - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for future business growth [10]
AITX's RAD Breaks 100 Channel Partner Mark, Driving Growth Across Verticals
Newsfile· 2025-08-28 12:40
Core Insights - AITX's subsidiary, Robotic Assistance Devices, Inc. (RAD), has surpassed 100 signed channel partners, indicating strong market confidence and growth potential in the security and safety sectors [1][3][4] Company Growth and Strategy - The increase in channel partners to 103 reflects both new dealers and independent representatives, showcasing RAD's expanding reach and deepening relationships with existing partners [3][6] - The company has reported significant sales and revenue growth, with a focus on recurring monthly revenue and strong dealer engagement [3][5] Product Demand and Recognition - RAD's solutions, particularly the SARA™ AI platform and ROAMEO™ autonomous mobile security robot, are gaining traction, supported by recent awards and increased partner interest [5][6] - The ROAMEO Road Trip initiative has enhanced visibility and engagement among dealers and clients, further driving enthusiasm for RAD's offerings [5][6] Market Position and Cost Savings - AITX is positioned to redefine the nearly $50 billion security and guarding services industry with its AI-driven Solutions-as-a-Service model, offering cost savings of 35%-80% compared to traditional manned security [7][10] - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue generation [9] Operational Credibility - The successful completion of a SOC 2 Type 2 audit reinforces the company's credibility with enterprise and government clients, ensuring compliance with strict data protection and security standards [8]
AITX's RAD Launches Logistics Market Solution With ROAMEO
GlobeNewswire News Room· 2025-08-25 12:40
Core Insights - The company is expanding its focus on the logistics sector due to strong client feedback on its security solutions, particularly ROAMEO™ Gen 4 and SARA™ [1][2] - The logistics industry is characterized by a constant demand for efficiency and security, presenting significant growth opportunities for the company [2][3] - The company has already deployed its solutions at approximately 75 sites, significantly reducing guarding expenses for logistics operators [3][5] Company Initiatives - A refreshed Logistics Solution brochure has been issued to support the new initiative, highlighting the complete range of logistics solutions [2][4] - The company aims to deliver unmatched value to logistics providers by addressing persistent security and operational challenges [2][4] - The autonomous ecosystem of the company offers continuous monitoring and measurable cost savings, targeting high-value cargo protection and access control [2][4] Market Potential - The logistics industry is a large market, with the company positioned to capture significant share through its innovative solutions [1][5] - The company is redefining the nearly $50 billion security and guarding services industry with its AI-driven Solutions-as-a-Service model [5] - Cost savings of 35%-80% can be achieved compared to traditional manned security services, enhancing the appeal of the company's offerings [5] Client Engagement - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong future business potential [7] - Existing clients have shown substantial expansion potential, particularly within the logistics sector [3][7] - The company encourages logistics providers to explore its solutions for immediate savings and long-term value [5] Technology and Innovation - The company's robotic solutions, such as AVA™, RIO™, ROAMEO, and ROSA™, provide layered protection while maintaining operational efficiency [4][8] - All technologies are developed in-house, ensuring a comprehensive and integrated approach to security and monitoring [5][8] - The solutions are applicable across various industries, including government, transportation, and healthcare, enhancing their market versatility [8]