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Artificial Intelligence Technology Solutions, Inc. develops AI-driven security and productivity solutions through subsidiaries including Robotic Assistance Devices, Inc. The company’s updates commonly cover autonomous security devices such as RIO, RIO Mini, ROSA, AVA, ROAMEO, RADCam and related platforms, along with SARA, its Speaking Autonomous Responsive Agent software.
AITX news frequently addresses customer deployments, product demonstrations, industry conferences, recurring monthly revenue, enterprise sales activity and financial reporting. Reported end markets include construction, data centers, hospitality, government, transportation, critical infrastructure, education, healthcare and residential security.
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Artificial Intelligence Technology Solutions (OTCPK: AITX) announced its intention to file a patent application for a new AI-based analytic that enhances vehicle and human tracking. This innovation aims to reduce false-positive alarms in security operations and improve detection capabilities for stolen vehicles. The analytic has been successfully tested at various client locations and will be deployed on 31 ROSA devices. AITX emphasizes its commitment to R&D and plans to build a robust intellectual property portfolio through strategic patent filings. The vehicle tracking feature is customizable for end-users, enhancing the value of RAD's solutions while improving client retention.
With access to a pipeline of over 35 Fortune 500 companies, the company anticipates ongoing business growth and new deployment opportunities.
AITX Reports Strong Initial Deployments of RIO
Artificial Intelligence Technology Solutions (AITX), through its subsidiary RAD, has reported promising results from the deployment of its RIO™ (ROSA Independent Observation) units. Since the product's announcement in September 2022, 25 units have been ordered for immediate deployment, with major client GXO accounting for 10 orders. Currently, five units are fully deployed and additional units are in production.
The company highlights that RIO’s competitive pricing and performance significantly enhance its market position, with plans for future expansion orders totaling 125 units. CEO Steve Reinharz expressed satisfaction with the deployment results and the positive customer feedback. The RIO units utilize solar power and can be installed quickly, further diversifying their application across various locations.