Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) will formally unveil the long-awaited RIO project at GSX (Global Security Exchange) to be held in Atlanta September 12-14. RAD is exhibiting at GSX in booth 1650.
“RIO, like many RAD solutions, is a response to dealer and end-user demand,” said Steve Reinharz, CEO of AITX. “This is the first time we are applying RAD technology to an existing market. In this case, I estimate that this market is worth $500 million a year in recurring revenue. I’m excited to see how much of that can be captured by RAD.”
“We are excited to be introducing RIO at GSX,” said Mark Folmer, president at RAD. “We look forward to disrupting this huge market and empowering our dealers to further improve their businesses.”
RIO (ROSA Independent Observation) continues RAD’s expansion of its best-selling ROSA security robot lineup. “We see such early interest and enthusiasm for RIO that we’re gearing up for the production and deployment of up to 100 systems this year,” Reinharz added.
With the introduction of RIO, RAD is planning on adding new software features that will be rolled out to all existing and new units. This will be an important expansion of the human-machine interaction abilities of RAD’s solutions.
RAD’s solutions have been proven to reduce or eliminate a variety of crimes against property and people during the course of our 2 million in-service and deployed hours.
RAD’s parent company AITX has filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application.
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