AITX Subsidiary Robotic Assisted Devices Releases Unique AI-Powered Tracking Feature
The company plans to apply for a patent on advanced analytics
DETROIT, Mich., April 27, 2023 – Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCK:AITX) is a global leader in AI-driven security and productivity solutions and a wholly owned subsidiary of Robotic Assistance. have a device. , Inc. (RAD) today released new AI-based analytics that enhance vehicle and human tracking.
This unique analysis is added to the list of provisional patent applications we plan to file in the near future. Analysis refers to the process of identifying, interpreting, and communicating significant or meaningful patterns in collected data.
This new analysis solves two key challenges for end users and security operations centers. Specifically, it reduces false positive alarms and introduces advanced features that can be used to detect stolen vehicles, new vehicles, and people entering spaces with existing vehicles or people. We believe there is no analytics on the market with this capability, but there may be.
The company noted that the tracking feature has been successfully tested at several client locations across the United States and is now available to all subscribed RAD clients. We have identified 31 of his ROSA devices for which analysis will be rolled out in the coming weeks. Adding this analytics enhances the value of her RAD to end users, increasing retention and exclusivity.
Tracking is part of a suite of internally developed AI analytics that includes human detection, vehicle detection, license plate recognition, and firearm detection. Tracking is included with your subscription to all his RAD devices, including RAD’s best-selling solution ROSA™ (Responsive Observation Security Agent).
AITX and RAD CEO Steve Reinharz said: “Monitoring systems have struggled to reduce what we call ‘false positives’. This is when a slight or typical movement of an object triggers an alert. This is especially troublesome when observing the vehicle in motion or when it is stationary. This new analytics stays in place when the vehicle is in motion. We have made incredible progress in reducing instances of false positives.
Mark Folmer, RAD President, CPP, FSyI, said: “Vehicle Tracking Analytics is fully customizable by the end-user or a certified remote monitoring service. Our goal is to make deploying the RAD solution a seamless and easy process for our clients and channel partners.”
“AITX has invested heavily in R&D and software development,” added Reinharz. “We have carefully considered the need for patents in each area of research in order to formulate a more effective R&D strategy to protect these investments. We have identified a project for which the company should file a relevant patent application, if necessary, in order to do so in the “Real Estate Portfolio”.
The Company will make a future announcement regarding the status of the aforementioned patent applications.
ROSA is a multi-award winning, compact, self-contained, portable security and communications solution that can be installed and activated in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communication hardware. ROSA’s AI-driven security analytics include human, firearm, and vehicle detection, license plate recognition, vehicle tracking, responsive digital signage and voice messaging, and complete integration with RAD’s software suite of notifications and autonomous response libraries. integration. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-definition, full-color, always-on cameras. RAD has published three of his case studies, detailing how ROSA eliminated cases of theft, trespassing and loitering at rental car stores and construction sites across the country.
AITX, through its subsidiary Robotic Assistance Devices, Inc. (RAD), will reinvent the $25 billion (US) security and guarding services industry through a broad portfolio of innovative AI-driven solution-as-a-service business models. Define. RAD solutions are specifically designed to provide businesses with 35% to 80% cost savings compared to the industry’s existing manned security guard and surveillance models. RAD delivers this significant cost savings through a range of fixed and mobile robotic solutions that complement, and sometimes directly replace, manpower needs in machine-friendly environments. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a potential sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD hopes to continue to attract new business by converting existing sales opportunities into deployed clients and generating a continuous revenue stream. Each Fortune 500 client may have many reorders over time.
Disclosure of Cautionary Note Regarding Forward-Looking Statements
Information contained in this publication does not constitute an offer to sell, or a solicitation of an offer to buy, any securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements that are not guarantees of future performance and may involve subjective judgments and analyses. Although the information contained herein is believed to be accurate and reliable, we make no representations or warranties, express or implied, as to its accuracy or completeness. We are under no obligation to provide recipients with additional updates. No information in this publication should be construed as indicative of our future earnings, operating results or stock price.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator of artificial intelligence-based solutions that empower organizations to gain new insights, solve complex challenges and generate new business ideas. AITX’s RAD, RAD-M, and RAD-G companies help organizations streamline operations, increase ROI, and strengthen their businesses through the delivery of next-generation robotics products. AITX technology makes patrol and security services simpler and more economical, freeing up experienced personnel to focus on more strategic tasks. Customers can augment existing staff capabilities and gain a higher level of situational awareness. All this at a significantly reduced cost. AITX solutions are suitable for use in multiple industries including enterprise, government, transportation, critical infrastructure, education and healthcare. For more information, visit www.aitx.ai, www.stevereinharz.com, www.radsecurity.com, www.radgroup.ai, and www.radlightmyway.com or follow Steve Reinharz on Twitter @SteveReinharz .
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steve reinhardts
949-636-7060
@Steve Reinharz
