With this impressive device order intake number, the Company has demonstrated its ability to create compelling solutions and deliver them to discerning clients. Growing demand for RAD's products underscores the Company's exceptional innovation, quality, and customer-centric approach and growing experience delivery premium client experiences bodes well for the Company’s scalability.
“We expect that Fiscal year 2024 will be a heck of year. Of course I know the sales funnel and I believe our team will delivery significant numbers this year. I think sales will be further buoyed by the tech innovations and sales technique improvements that we’ll be debuting over the next couple of months,” said
RAD had an intake of 187 device orders throughout FY 2022 which ended
“RAD's robust sales results and growing sales pipeline is a testament to the quality of our solutions and the strength of our customer relationships,” said
Reinharz added, “We are constantly striving to provide the highest value to our clients, channel partners, shareholders, and community. It is our innovation and unwavering pursuit of excellence, which allows us to maintain a competitive edge in a dynamic market. We are excited about the future and look forward to sharing our success with all those who have supported us along the way.”
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.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of
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-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 staffs 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.stevereinharz.com, www.radsecurity.com, www.radgroup.ai, and www.radlightmyway.com, or follow
###
949-636-7060
@SteveReinharz
Attachment
Artificial Intelligence Technology Solutions, Inc.
Artificial Intelligence Technology Solutions, Inc.
AITX Subsidiary Robotic Assistance Devices Receives 300+ Device Orders Ahead of Fiscal Year End.
2023 GlobeNewswire, Inc., source