AITX’s Subsidiary, Robotic Assistance Devices, Receives ROSA Order from Regional Bank Group

Artificial Intelligence Technology Solutions, a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, . (RAD), announced that it has received an order for 2 ROSA security robots from a major US regional banking group. The banking group has more than 1,000 branches with over $150 billion in assets. This client marks RAD’s initial deployment servicing the banking and financial market sector.

Read More about AiThority Interview: AiThority Interview with Brett Weigl, SVP and GM, Digital, AI and Journey Analytics at Genesys

The initial 2 ROSA security devices will be deployed at 2 of the bank’s urban branches in the Midwest. The ROSAs will be positioned adjacent to the bank’s exterior ATM machines acting as a force-multiplier to the bank’s existing security program.

“Banks, like most other enterprise clients are faced with the dilemma of having to provide security but not being able to afford a guarding staff, while still relying on legacy security systems, like unmonitored cameras,” stated Mark Folmer, CPP, PSP, FSyI, President of RAD. “ROSA fills that void perfectly, now providing that extra advantage of being able to detect – and deter potentially dangerous and costly situations.”

According to a study published by Pinkerton, there are approximately 400,000 ATMs in the U.S. Despite their convenience, ATMs expose bank customers to a heightened risk of victimization and create a new dimension of risk to be considered by financial institutions. ATM crimes in the U.S. increased 600% from 2019 to 2020. The three common types of crime related to ATMs involve physical attacks on machines, card skimming devices added on to the machines to steal customer information, and personal assault at the machines.

Read More about AiThority Interview: AiThority Interview with Brett Weigl, SVP and GM, Digital, AI and Journey Analytics at Genesys

“RAD continues to penetrate new vertical markets,” said Steve Reinharz, CEO of AITX and RAD. “I anticipate that this deployment is just the beginning of wide acceptance of our innovative solutions in the financial sector.”

The Company has published detailed demonstrations of the ROSA solution securing bank ATMs. The Company also noted that the 2 ROSA units are expected to be deployed and activated in June 2023.

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. RAD has published three Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

 Latest AiThority Interview Insights : AiThority Interview with Mary-Lou Smulders, Chief Marketing Officer at Dedrone

 [To share your insights with us, please write to sghosh@martechseries.com]