Detroit, Michigan, January 13, 2023 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions Co., Ltd.(the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, together with its wholly owned subsidiaries, Robot Assist Device Co., Ltd. (RAD) is today Circadian Risk Inc.headquartered in Ann Arbor, Michigan.
Circadian Risk develops software that empowers security professionals to proactively mitigate potential risks to individuals and assets. Our industry-leading vulnerability assessment tool provides a complete, in-depth analysis and corrective action for any issues that may arise.
AITX’s investment in Circadian Risk is via SAFE. A SAFE (Simple Agreement for Future Equity) is a vehicle many startups use to raise capital. A SAFE is a legally binding contract that allows an investor to purchase a specified number of shares at an agreed price at some point in the future.
“We are embarking on our first investment in what should be a mutually beneficial relationship. steve reinhardts, CEO of AITX and RAD. “Circadian Risk has developed the security industry’s best-in-class risk assessment Software as a Service model. The future is a milestone for both organizations with significant opportunities for collaboration and integration.”
“The growing closer relationship between circadian risk and AITX will help reshape and disrupt existing traditional approaches to security and risk analysis.” Michael Martin, CEO of Circadian Risk. “Neither company is satisfied with the status quo in the industry and is bringing innovation, experience and passion to solve long-standing problems.” Martin said of his RAD advisory board Since its inception, has played a key role in raising RAD’s visibility and reaching new clients and channel partners within the industry.
“At this time, there is no formal agreement between the two companies,” added Reinharz. “There is certainly an intention to strengthen ties with certain projects that may be developed in the future.”
Martin adds: Now is the time to adapt, change and embrace where the future of physical security and risk analysis is heading. ”
“RAD is basically a software company that has developed specialized AI-powered hardware to run software. Mark Folmer, President of RAD. “We are confident that our channel his partners and enterprise customers will be eager to see the potential outcome of our collaboration with Circadian Risk to revolutionize how security is measured and implemented.”
AITX and its three subsidiaries have 85 employees across seven departments: sales, marketing, hardware development, software development, manufacturing, client service and administration.
AITX, through its subsidiary Robotic Assistance Devices, Inc. (RAD), $25 billion (USA) We serve the security and guarding services industry through a broad portfolio of innovative AI-driven solution-as-a-service business models. RAD solutions are specifically designed to provide businesses with 35% to 80% cost savings compared to the industry’s existing manned security and surveillance models. RAD delivers this significant cost savings through a range of fixed and mobile robotic solutions that complement, and in some cases directly replace, manpower needs in a machine-friendly environment. 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 is not an offer to sell or a solicitation of an offer to buy securities. Artificial Intelligence Technology Solutions Co., Ltd. (Company”). This publication contains forward-looking statements that are not guarantees of future performance and may involve subjective judgments and analyses. Although the information is believed to be accurate and reliable, we make no representations or warranties, express or implied, as to its accuracy or completeness. No information in this publication should be construed as indicative of our future earnings, operating results or stock price.
almost artificial intelligence technology solution (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, please visit or follow us at www.aitx.ai, www.stevereinharz.com, www.radsecurity.com, www.radgroup.ai and www.radlightmyway.com. steve reinhardts on Twitter @SteveReinharz.
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steve reinhardts
949-636-7060
@Steve Reinharz
- Artificial Intelligence Technology Solutions Co., Ltd.
Artificial Intelligence Technology Solutions Co., Ltd.
AITX and its wholly owned subsidiary Robotic Assistance Devices (RAD) have made a SAFE investment in Circadian Risk, a leading developer of risk assessment software.
sauce: Artificial Intelligence Technology Solutions Co., Ltd.
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