AITX’s Subsidiary Robotic Assistance Devices Provides

RAD Comments on the 16 Month Sales Process to Large Opportunity End-Users

Detroit, Michigan, Oct. 05, 2022 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has received an order for one ROSA security robot. The sales order has been identified by RAD as being an example of the complexities and extensive undertaking involved in selling advanced technological solutions to B2B clients.

“This particular sales order was facilitated through both CBRE and Grainger for a prominent Fortune 500 client,” said Mark Folmer, President at RAD. “While a sales order for a single ROSA unit may appear to be insignificant from a revenue perspective, this is a key data point for us as we begin to see further adoption of the RAD platform by Fortune 500 companies.”

The order for this ROSA unit was recommended by CBRE, the facility management company for the end-user, with Grainger handling order processing and fulfillment responsibilities.

In June of 2021 RAD was invited by Grainger to submit ROSA and RAD Light My Way as entries to CBRE’s annual ‘Innovation Challenge’. On October 26, 2021 it was announced that ROSA and RAD Light My Way had been honored as winners of this prestigious award.

“RAD’s primary focus from a sales perspective has always been large enterprises whose bottom line would see the most benefit from RAD’s cost reductions regarding onsite security. Our data suggests that during times of economic uncertainty large corporations such as these are more open towards adopting new technology as cost saving measures,” said Steve Reinharz, CEO of AITX and RAD. “Receiving this order as a direct result of CBRE’s Innovation Challenge solidifies our position as a trusted platform in this rapidly growing industry.”

According to a report by Gartner, the typical buying group for a complex…