RAD’s Fiscal Year 3rd Quarter Order Intake on Track to be Record Breaking
Detroit, Michigan, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is pleased to share it has been told it will receive an additional 15 sites for RIO device placement. The design for each site has been completed and it is expected the 15 sites will use an additional 52 RIO™ solar-powered security trailers which will total nearly $1 million in annual recurring revenue (ARR) and over $1 million annual recurring revenue when additional remote monitoring contract fees are included.
Read more at globenewswire.com