Le Lézard
Classified in: Science and technology
Subjects: Product/Service, Personnel

Robotic Assistance Devices Announces Team Expansion


Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary Robotic Assistance Devices (RAD) has enhanced its team with the addition of six people over the past six weeks. Three team members join the engineering team, two to sales and one to the customer implementation team.

Mark Folmer, CPP, joining the RAD sales and management team, brings significant industry experience, reputation and contacts to the RAD team. Mark joins as Vice President, Security & Industry.

"Along with many others I believe that RAD's position as the creator of the Autonomous Remote Service industry will allow it to grow into the incumbent global player," said Mark Folmer. "I'm thrilled to become a big part of this team's growth and success."

"RAD's ability to attract top talent that understand our trajectory is an incredible demonstration of confidence," said Steve Reinharz, Founder and CEO of RAD. "Mark and the additional team members will enable further acceleration of sales and gives us the necessary resources for the forthcoming release of our ROAMEO rugged outdoor security robot."

RAD has a sales pipeline of over 35 Fortune 500 companies and numerous other potential clients. RAD expects to continue to attract new business 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.com or follow us on Twitter @RADbotsecurity.

Safe Harbor Statement

"This press release contains or may contain, among other things, certain forward-looking statements. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the company's plans, objectives, projections, expectations and intentions and other statements identified by words such as "projects," "may," "will," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "potential" or similar expressions. These statements are based upon the current beliefs and expectations of the company's management and are subject to significant risks and uncertainties, including those detailed in the company's filings with the Securities and Exchange Commission. Actual results may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the company's control). The company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law."


These press releases may also interest you

at 18:00
GreenSky, Inc. ("GreenSky" or the "Company") , a leading financial technology company Powering Commerce at the Point of Sale®, reported financial results today for the second quarter ended June 30, 2020. "As we all continue to navigate COVID-19, we...

at 17:44
Pinnacle Renewable Energy ("Pinnacle" or the "Company") today reported record revenues of $132.2 million in Q2 2020, $28.1 million or 27% higher than Q2 2019 revenues of $104.2 million and $21.5 million or 19% above the previous record of $110.7...

at 17:40
Ligand Pharmaceuticals Incorporated and Pfenex Inc. today announced the signing of a definitive agreement for Ligand to acquire all outstanding shares of Pfenex for $12.00 per share in cash or $438 million in equity value on a fully diluted basis....

at 17:25
Majesco , a global provider of cloud insurance platform software, today announced strong financial results for the fiscal 2021 first quarter ended June 30, 2020. "Q1 FY21 was a record quarter for Majesco across all our key performance metrics of...

at 17:25
The U.S. Food and Drug Administration (FDA) today continued to take action in the ongoing response to the COVID-19 pandemic: As part of the FDA's effort to protect consumers, the agency issued a warning letter to one firm for selling unapproved...

at 17:20
Puma Biotechnology, Inc. , a biopharmaceutical company, announced that on August 4, 2020 the Compensation Committee of Puma's Board of Directors approved the grant of inducement restricted stock unit awards covering an aggregate of 32,000 shares of...



News published on 13 july 2020 at 10:05 and distributed by: