Tag: Robotic Assistance Devices (RAD)
AITX announces Q1 FY2025 financial results
July 16, 2024SSN Staff
DETROIT — Artificial Intelligence Technology Solutions (AITX), along with its wholly owned subsidiary, Robotic Assistance Devices (RAD), have announced its financial results for the first quarter of fiscal year 2025, which ended on May 31, 2024.
The company reported a 312% increase in revenue over the prior year’s quarter, reaching $1,182,800, and nearly tripled its market value to approximately $74.7 million.
AITX noted that the full SEC filing can be found online at https://tinyurl.com/aitxq1fy25...
DSS acquires more ROSA units from RAD
May 14, 2024SSN Staff
DETROIT — Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), announced that recently signed dealer Doyle Security Services (DSS) has purchased additional ROSA units to be deployed at a major retail center operator.
The large retail space operator had been grappling with persistent issues of trespassing and illegal dumping, posing significant nuisances and financial burdens. Doyle, who is charged with safeguarding these spaces, said...
ISC West teaser: RAD President Mark Folmer on elevating security teams
March 13, 2024Ken Showers, Managing Editor
LAS VEGAS – Mark Folmer, president of Robotic Assistance Devices (RAD), will moderate a panel at ISC West 2024 that will take a deep dive into how an innovative approach to physical security “truly changes how a service is obtained, delivered and measured.”
Here’s a teaser for that panel, “The Economics of Risk and Technology: Making Security's Business Case for Innovation.”
SSN: Can you tell me some more about what you’ll be discussing...
RAD starts production run of 1K next-gen RIO solar-powered security towers
February 29, 2024SSN Staff
DETROIT – Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), announced that it has begun production of 1,000 units of its fourth generation RIO solar-powered, mobile security solution.
Steve Reinharz, CEO/CTO of AITX and RAD commented, “Generation 4 of both RIO and ROSA has been a huge undertaking for the entire Company. Every component and stage of the manufacturing process has been scrutinized to find ways to reduce costs while...
RAD equipping devices with ATM anti-theft solution
February 16, 2024SSN Staff
DETROIT – Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), has announced a significant addition to its suite of AI analytics.
According to a release from the company it will equip RAD's robotic security solutions with the capability to detect the threat of Hook & Chain ATM attacks.
A Hook and Chain attack involves attaching one end of a chain or cable to an ATM and using a vehicle to exert force on the machine, usually by pulling...
RAD sees record quarterly sales intake, 343% increase in number of units sold
September 8, 2023SSN Staff
DETROIT – Artificial Intelligence Technology Solutions (AITX) has reported that its wholly owned subsidiary, Robotic Assistance Devices (RAD), saw a record number of devices ordered for Q2 of fiscal year 2024.
During the quarter RAD booked 155 devices on order, a 343% increase over the number of devices ordered in Q1 of 2024. The company’s fiscal year 2024 will end Feb. 29, 2024. “All engines are firing, and this RAD rocket has entered a new orbit,” said Steve...
RAD develops AI-powered speech and nav capabilities for robotic devices
July 14, 2023SSN Staff
DETROIT – Artificial Intelligence Technology Solutions (AITX), alongside its wholly owned subsidiary Robotic Assistance Devices (RAD), have unveiled what they are calling an important evolution in robotics and AI technology.
RAD CEO Steve Reinharz announced a fully autonomous quadruped robot that demonstrates operational functionality which is expected to transform the security and proptech industries. In a video demonstration Reinharz showed the robot’s abilities to speak, listen,...
RADDOG 2LE belle of the ball at
June 2, 2023SSN Staff
DETROIT – Robotic Assistance Devices (RAD), a wholly owned subsidiary of AITX, announced that its RADDOG 2LE quadruped robot was a hit on the red carpet at the launch party for "Stars on Mars."
Debuting on FOX on June 5, ‘Stars on Mars’ is a show placing celebrities in an unscripted environment where they attempt to colonize and conquer ‘Mars’, starring Lance Armstrong, Marshawn Lynch, Ronda Rousey, Porsha Williams, Natasha Leggero, Christopher Mintz-Plasse,...
RAD signs five new dealers
May 26, 2023SSN Staff
DETROIT – Artificial Intelligence Technology Solutions (AITX) subsidiary Robotic Assistance Devices (RAD) has announced the signing of five new dealers.
The recently added dealers are located throughout the continental U.S. and Hawaii according to RAD, and include Combination Security (Cassopolis, MI), System Integrations (Tennessee), Huffmaster Protective Services Group (Clawson, MI), V Force Security (Sacrament, Calif.), and Site Management Services which is headquartered in Hawaii....
Banking group orders ROSA bots from RAD
May 8, 2023SSN Staff
DETROIT – Robotic Assistance Devices (RAD) a subsidiary of Artificial Intelligence Technology Solutions, Inc., (AITX) have received an order for two ROSA security robots.
The order comes from a major US regional banking group that has over 1,000 branches and more than $150 billion in assets, and marks RAD’s first deployment in the financial and marketing sector. The security devices will be deployed at a pair of urban branches of the bank in the Midwest. RAD said they’ll be positioned...