Artificial Intelligence Technology Solutions Deploys First Unit in Healthcare Vertical
September 12 2019 - 7:12AM
InvestorsHub NewsWire
Artificial Intelligence Technology Solutions Deploys First Unit in
Healthcare Vertical
RENO, NV -- September 12, 2019 -- InvestorsHub NewsWire --
Artificial Intelligence Technology Solutions, Inc. (AITX: OTCPK),
is pleased to announce that Robotic Assistance Devices (RAD), its
wholly owned subsidiary, has completed the implementation of its
first Wally unit into a healthcare client’s
hospital.
This healthcare client owns and operates five hospitals
and over 100 clinics.
“Our healthcare sales funnel shows that this vertical has
needs that are well satisfied by the RAD solution,” said Steve
Reinharz, President and CEO of RAD. “I expect that hospitals will
also increase their all-important HCAP scores through the
implementation of RAD solutions.”
Another healthcare client has recently requested a
proposal that if accepted would generate over $1.2 Million in
annual recurring revenue for RAD while saving the client several
millions of dollars in equivalent manned guarding
costs.
RAD expects to release a software application in the near
future originally inspired by the nursing staff of a top 5 hospital
network. This application is expected to solve a specific challenge
in healthcare and other large-campus
environments.
RAD has a sales pipeline of over 35 Fortune 500 companies
and numerous other potential clients. RAD expects to continue to
attract new clients as it converts its existing sales pipeline into
paying customers. Each new Fortune 500 Customer has the potential
of making numerous reorders over
time.
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 Artificial Intelligence Technology Solutions 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. Artificial Intelligence
Technology Solutions undertakes no duty to update any
forward-looking statement(s) and/or to confirm the statement(s) to
actual results or changes in Artificial Intelligence Technology
Solutions expectations.
About
RAD
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.comor follow us on Twitter
@RADbotsecurity.
Contact:
Steve Reinharz
305.721.2727
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