AITX’s RAD Passes Production Savings onto Customers with Updated Pricing for RIO Solar-Powered Security Towers

Pricing Move Expected to Further Accelerate RAD's Penetration in the Mobile Surveillance Unit (MSU) Marketplace

Detroit, Michigan, May 06, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), proudly announces price reductions for two of its flagship products: RIO 360 and RIO 180. Effective immediately, customers will enjoy a 12% reduction on RIO 360 and a 14% reduction on RIO 180.

These price reductions are facilitated by RAD's continuous enhancements in supply chain management, production processes, and the strategic shift to the innovative RAD Generation 4 design which is expected to result in substantial cost savings over the next several months. By passing these savings onto customers, RAD reinforces its commitment to becoming one of the largest suppliers of towers, complete with RAD technology, in this fast-growing market segment.

“This new RIO pricing not only reflects our dedication to quality and innovation but also aligns with our aggressive goals for expanding our presence in the mobile surveillance unit (MSU) marketplace,” stated Steve Reinharz, CEO / CTO of AITX and RAD. “We are poised to meet the growing demand for advanced, cost-effective security solutions across various sectors.”

On February 27, 2024, the Company announced a substantial production run of 1000 RIO units, reflecting strong market demand and confidence in the technological advancements its solutions. Today’s announcement to reduce the prices of the RIO models is strategically aligned with this production increase. By setting more competitive pricing, RAD aims to expand market demand further and ensure that these advanced surveillance units are accessible to a broader range of customers and industries. This move is anticipated to support the large-scale production run by significantly boosting sales and reinforcing RAD’s position in the highly competitive MSU market.

The RIO 360 and RIO 180 are integral components of RAD's respected line of autonomous intelligent response systems, equipped with cutting-edge AI capabilities to efficiently detect and respond to security threats, ensuring comprehensive coverage with minimal human oversight.

Sitting atop a standard 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.