RIO Production Ramps Up as Demand Surges
The Company noted that RIO Gen 4 is a further optimization of Gen3 and specifically incorporates enhancements to realize procurement, assembly, shipping, and deployment improvements. Materials, labor, shipping, and deployment costs are projected to provide up to 25% in cost savings with Gen 4 than the present Gen 3 devices over the entire length of the production run.
Reinharz continued, “The potential revenue from the successful deployment of 1000 RIO units, when added to our existing revenues is significant. As we have discussed internally, we appear to be entering a new chapter in the story of AITX, an exciting chapter where we turn the corner towards operational profitability and additional capabilities to sustain our exponential growth.”
In a press release dated
The Company expects to issue updates related to total devices contracted in Fiscal Year 2024 (ending
The Company reminds readers of its upcoming ‘Ask Me Anything' on
Sitting atop a RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.
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-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
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
###
949-636-7060
@SteveReinharz
Source:
2024 GlobeNewswire, Inc., source