AI Machine Learning RPA

RAD Announces That Previously Anticipated Order Is In Hand

Artificial Intelligence

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices (RAD) has received the previously anticipated order for a 5-unit RAD solution. This order was received via one of RAD’s significant North American dealers.

“We couldn’t be any more elated in receiving this high profile order,” said Steve Reinharz, President and CEO of RAD. “Our corporate culture is to never take any order for granted, and this one is certainly no exception. I applaud this particular dealer and the RAD sales team’s tenacity that was required to close this deal.”

A mix of SCOT, Wally and ROSA units will form a fully-integrated autonomous system, providing a secured distribution warehouse exclusively utilizing RAD solutions. This solution will save this client hundreds of thousands of dollars every year when compared to traditional solutions.

Specifics of the purchase agreement were not disclosed, but Reinharz added “This opportunity is scheduled to deploy before the end of February 2021, and I believe is just the tip of the iceberg for what the RAD sales funnel can deliver in 2021.”

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are “forward-looking statements” that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations.

Related posts

Iridium ‘Quant Lens’ Brings AI to Valuation in Listed Companies

PR Newswire

Informatica Named Leader in IDC’s Data Catalog Software Vendors

PR Newswire

Nuance Communications, Inc., and NVIDIA announce a partnership

PR Newswire