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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].