- Posted by Vin Wiggins
- On August 30, 2018
Reno, Nev., Aug. 30, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Artificial Intelligence Technology Solutions (OMVS: OTCPK) is pleased to announce that Robotic Assistance Devices (RAD), its wholly owned subsidiary, has recently received an order for 5 additional SCOT™ Wally units from its existing client a Fortune 500 company in the logistics industry. On May 16, 2018 the Company previously issued a press release about entering into an agreement for the deployment of a SCOT™ unit. On May 29, 2018 the Company entered into the deployment agreement and deployed the SCOT™ unit at this client. Since this first deployment the client has been satisfied with its SCOT™ unit and has placed an order for the additional 5 SCOT™ Wally units mentioned above.
“We are very pleased to see our Fortune 500 clients ordering additional units as they continue to expand their deployment of our products in their respective organizations,” said Steve Reinharz, President and CEO of RAD. “As we continue to work with our existing clients we are increasing our footprint within these clients and as clients continue to be satisfied we expect subsequent orders to continue to grow in magnitude.”
RAD is also targeting numerous other verticals directly and via its growing distribution network and receiving significant interest. RAD expects to sign on more clients in the near future.
SCOT™ and SCOT™ Wally units are deployed at client locations based on a rental program paid monthly and remain the property of RAD. Each SCOT™ and each SCOT™ Wally can generate over $60,000 and $25,000 respectively of total revenue for the Company over a 4 year period.
SCOT™ is a standalone, remote, portable, self-sufficient intelligence observation tower designed to expand an organization’s security reach instantly. SCOT™ delivers guarding services at a fraction of the cost and is considerably more affordable than any human or automated solution on the market. SCOT runs the RAD Software Suite which offers a complete ‘security ecosystem in a box’.
SCOT™ Wally is a wall-mounted single-sided version of SCOT. SCOT™ Wally is perfect for entrance ways in lobbies and parking structures. It is driven by the RAD Software Suite and seamlessly integrates with deployed SCOT™ units, onsite and remote guards and remote control centers.
SCOT™ and SCOT™ Wally are equipped with artificial intelligence that powers human detection analytics, featuring the longest range detection at low false alarm rates. In addition, SCOT™ debuts the RAD Software Suite, which is a collection of integrated software applications hosted in Microsoft’s Azure Cloud services and allows immediate and mobile access to alerts and controls generated by SCOT™.
The company may post important information about its subsidiary RAD on its website at www.RoboticAssistanceDevices.com and through tweets from RAD President and CEO Steve Reinharz (https://twitter.com/SteveReinharz)
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are “forward-looking statements” that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of On the Move Systems to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. On the Move Systems undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in On the Move Systems expectations.
Robotic Assistance Devices (RAD) 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, RAD can help organizations streamline operations, increase ROI and strengthen business. RAD robotics 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. RAD robotic solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education and healthcare. To learn more, visit www.roboticassistancedevices.com or follow us on Twitter @RADbotsecurity.
Everest Corporate Advisors Inc. 702-902-2361 www.everestcorp.net