New and Expansion Opportunities from Security Trade Show Approaches 1000 Units
“We go into every trade show with great optimism, but this ISC West surpasses all previous show appearances,” said
Highlights and Analysis of RAD at ISC West 2024
- High Demand for ROSA™: ROSA units continue to show the highest demand among all device types, with significant interest from sectors including property surveillance, educational institutions, and automotive industries.
- Continued, Accelerating Interest in RIO™: RIO devices are also gaining traction, particularly within the automotive sector and in various security services, indicating a broad acceptance of this technology in robust security solutions.
- Consistent Market Penetration for AVA™: AVA, RAD’s outdoor access control solution experienced steady interest, especially from sectors such as critical infrastructure security and logistics.
Significant Expansion Opportunities and Potential Contracts as a Result of RAD’s ISC West Participation:
- A Fortune 100 provider of diagnostic equipment has specified 120 units in Phase 1 of their RAD rollout, signaling a strong entry into the biotechnology and healthcare markets.
- A nationwide operator of specialty shopping malls is expected to place 22 RIO units on order for an initial deployment with the possibility of expanding to 480 units across 40 locations, this represents a significant scaling opportunity in retail sector security.
- A Fortune 250 auto reseller quickly moved from interest in a single RIO unit during discussions at ISC West to rolling out to potentially 300+ locations, underscoring substantial growth potential in automotive retail security.
- A nationwide top 25 healthcare provider plans to replace several dozen existing solar-powered security towers with RAD’s RIO, showing continued penetration into healthcare security solutions. It was announced on
April 11, 2024 , that this client had ordered 3 RIO units as part of their initial RAD rollout. - A Fortune 500 logistics and supply chain company, an existing RAD client, has expressed interest in potentially as many as 50 RIO devices plus 50 TOM devices. This opportunity represents a major expansion of RAD solutions within logistics and distribution security.
Device Totals from Opportunities Created or Nurtured During ISC West 2024
- ROSA: Greater than 400 units
- RIO: An estimate of 250 units
- AVA: Approximately 120 units
- TOM: The potential for 50 units
- Plus, dozens of opportunities presented by RAD’s direct end-users and channel partners
RAD President,
RMR is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.
AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
About
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow
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Source:
2024 GlobeNewswire, Inc., source