Artificial Intelligence Technology Solutions, Inc., is pleased to announce that Robotic Assistance Devices (RAD), its wholly owned subsidiary, has commenced the manufacturing of its proprietary outdoor autonomous mobile security robot RADBoT™ ‘ROAMEO’ (Rugged Observation Assistance Mobile Electronic Officer).
ROAMEO delivers all-terrain and all-weather mobility for RAD’s eco-system of security detection and alerting benefits, all within RAD’s acclaimed RADCloud software platform.
Full mobility performance specifications will be released over the coming months but expected performance features should include ability to traverse surfaces with ridges and obstructions up to 8”, variable speed up to 10mph, climbing ability of up to 25 degrees, and flexible run time up to 20 hours.
ROAMEO builds on RAD’s demonstrated ability to create high value and high quality hardware and software. Like the rest of RAD’s products and services, ROAMEO is 100% RAD designed and built.
The release of SCOT in 2018 fueled our ability to deliver the same amazing RAD functionality via a mobile vehicle. ROAMEO is the realization of RAD’s goals to deliver next-generation security and concierge solutions to clients large and small.”
Steve Reinharz, President and CEO of RAD
RAD circulated a request for interest in the form of a ‘soft launch’ on July 31 and received immediate interest from several of its clients including several Fortune 500 companies. At this time there is interest for a minimum of 20 ROAMEO units once development of ROAMEO is complete. RAD expects to receive net monthly payments from clients of $4,200 per unit with each unit having a useful life of 5 years. With the current interest from clients for 20 units, this could represent a potential revenue to RAD over the useful life of the units of 5 million dollars.
RAD expects to receive interest from clients for additional ROAMEO units in the future.
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.