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Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX), announced price reductions of 12% on RIO 360 and 14% on RIO 180, driven by improved supply chain management and production processes. The move aligns with the Company's aggressive expansion goals in the mobile surveillance unit market, following a significant production run of 1000 RIO units earlier this year.
Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (AITX), has received a large expansion order from a Fortune 50 client for 167 RAD Security Solutions. The order includes 10 RIO units, marking an increase in the client's nationwide rollout that began in 2023. This order strengthens the relationship between RAD and the client, with over 100 RIO security towers already deployed and a total of 167 devices on order. The Company anticipates the client's deployed units to surpass 150 by the end of May 2024, showcasing the trust and value large enterprises place in RAD's security solutions. RAD is driving change in the security industry through its innovative AI-driven solutions, aiming to achieve $700,000 in RMR and become cash flow positive.
