AITX RAD Honored with Frost & Sullivan Best Practices Award for Leadership in Technical Innovation in the Global Autonomous Robot Industry

Detroit, Michigan, Aug. 7, 2024 (GLOBE NEWSWIRE) — Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (hereinafter referred to as the “Company”) (OTCCPK:AITX), is pleased to announce that it has been recognized by Frost & Sullivan with the 2024 Technology Innovation Leadership Award. This prestigious distinction recognizes the revolutionary impact of RAD’s innovative solutions on the autonomous robotics industry.

To download the Frost & Sullivan report “The 2024 Enabling Technology Leader in the Global Autonomous Robots Industry” featuring RAD and its 2024 Best Practices Award, please contact us. click here.

“We are pleased to recognize RAD with the 2024 Enabling Technology Leadership Award. RAD’s innovative approach to integrating human oversight with autonomous operations sets a new standard for security efficiency and effectiveness. We look forward to seeing their continued success and impact on the global security landscape,” said Pranav Sahai, Industry Analyst, Best Practices Research Analyst at Frost & Sullivan.

According to Frost & Sullivan’s analysis of RAD, “A key differentiator of RAD is its sophisticated approach to human-machine collaboration. Integrating human supervision with autonomous operations enables seamless communication between robots and human security personnel, increasing overall effectiveness and reducing response times.”

Steve Reinharz, CEO/CTO of AITX and RAD, commented, “We are honored to receive the Frost & Sullivan Enabling Technology Leadership Award. This recognition is a testament to the continued dedication and ingenuity of the RAD team. Our solutions are designed to meet the urgent needs of today’s enterprise customers, providing them with innovative, cost-effective and reliable security options. Frost & Sullivan’s recognition reaffirms our commitment to revolutionizing the security industry with cutting-edge AI-powered technologies. We are excited to continue to push the boundaries of what is possible and deliver unparalleled value to our customers.”

The Enabling Technology Leadership Award also stated, “Furthermore, RAD technology is scalable to fit an organization’s specific needs. It offers flexibility, agility, and configurability to support smooth, timely decision-making while delivering the necessary tools and technology infrastructure for customers to succeed.”

About Frost & Sullivan
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AITX through its subsidiary Robot support devicesInc. (RAD), is redefining the $25 billion (U.S.) security and protection services industry with a broad range of innovative, AI-powered solutions as a business service. RAD solutions are specifically designed to deliver cost savings for organizations ranging from 35% to 80% over the industry’s existing, high-cost security and monitoring model. RAD delivers these dramatic cost savings through a suite of stationary and mobile robotic solutions that complement and sometimes directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-powered analytics, and software platforms are developed in-house.

RAD has a potential sales channel of over 35 Fortune 500 companies and many other customer opportunities. RAD expects to continue to attract new customers by converting existing sales opportunities into committed customers, generating a recurring revenue stream. Each Fortune 500 customer has the potential to make numerous repeat orders over time.

About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in delivering AI-powered solutions that enable organizations to gain new insights, solve complex challenges, and drive new business ideas. With AITX’s next-generation RAD, RAD-M, RAD-R, and RAD-G robotics product offerings, AITX helps organizations streamline operations, increase ROI, and strengthen their businesses. AITX technology simplifies and economically improves patrolling and protection, and frees experienced personnel to focus on more strategic tasks. Customers empower existing personnel and gain higher levels of situational awareness, all at dramatically reduced costs. AITX solutions are ideal for use in a variety of industries, including enterprise, 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.aiAND www.radlightmyway.comor follow Steve Reinharz on Twitter @SteveReinharz.

WARNING REGARDING FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or a solicitation of an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements that are not guarantees of future results and may involve subjective judgment and analysis. The information contained in this document is believed to be accurate and reliable, but the Company makes no representations or warranties, express or implied, as to its accuracy or completeness. The Company is under no obligation to provide the recipient with additional updated information. No information in this publication should be construed as any indication of the Company’s future earnings, operating results or stock price.

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Steve Reinharz
949-636-7060
@SteveReinharz