Detroit, Michigan, July 26, 2022 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), along with its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) announced today that net proceeds from the company’s ROSA NFT program will go toward expanding the “Bailey’s Gift” campaign. The campaign was set to donate 10 ROSA security robots with firearm detection capabilities to underfunded or vulnerable K-12 schools in the United States. The program, Bailey’s Gift, is named in memory of Bailey Holt, who was shot and killed by a gunman during the January 23, 2018, shooting at Marshall County High School in rural Kentucky.
“The response to the Bailey’s Gift campaign has been overwhelming, with dozens of applications from across the country,” said Steve Reinharz, CEO of AITX and RAD. “Linking funds from the ROSA NFT sale to Bailey’s Gift is an exciting way to expand both programs and fund as many as thirty-five more devices for schools in need of this technology.”
An NFT is an asset verified using blockchain technology, where a network of computers records transactions and provides buyers with proof of authenticity and ownership. The current boom is mostly for digital assets, including photos. NFTs make digital artworks unique, and therefore marketable. Buyers of ROSA NFT will own a blockchain-verified unique piece of technological art based on a unique security solution that takes security services and property management (#PROPTECH) by storm.
The company stated that 3,333 units of the ROSA NFT will be minted, with 123 allocated for team members and VIPs, the remaining 3,210 being made available to the public. The ROSA NFT sale will continue until sold out. ROSA NFT is priced at 0.07 ETH.
ROSA NFT is available for purchase online at www.mint.aitxnft.com. To see more details about ROSA NFT, please visit www.aitxnft.com.
“We’ve made purchasing ROSA NFT so easy that even first-time NFT buyers will find it easy, even credit cards are accepted,” Reinharz added. “And knowing that the proceeds, after related costs, are going to help get physical ROSAs deployed in dozens of schools should be welcoming to everyone.”
“I am so impressed with the hearts of the team members at RAD and AITX,” said Secret Holt, mother of school shooting victim Bailey Holt. “Using the NFT sales to expand Bailey’s Gift to so many more schools is just amazing. Now it seems that almost fifty schools can be protected by ROSA.”
RAD’s best-selling and award-winning ROSA ‘security-in-a-box’ solution has easy installation with no network requirements. Designed to work with or without school resource officers, upon detection of a firearm it can immediately activate a lockdown (for schools with electronic locks), immediately alert school personnel and law enforcement via audible, visual, SMS and other means. ROSA can detect firearms up to 250 feet away, under the right conditions, providing an incredible advantage of time to protect and react.
The company believes there are over 100,000 K-12 schools that could immediately benefit from this firearm detection technology. RAD’s solution is rapidly deployed and provides a non-partisan level of early detection and deterrence for potential firearm-related incidents in and around these buildings.
Schools are encouraged to apply for a rating at radsecurity.com/baileys-gift. Terms and conditions apply, see website for details.
RAD’s firearm detection identifies the presence of sidearms and long firearms. Immediately upon detection of a firearm, RAD’s AI-powered analytics will autonomously perform a number of actions, including appropriate activation of local audible and visual alerts, locking and securing of doors, alerts to remote monitoring or on-site security personnel, and law enforcement authorities. – ideally before any shots are fired.
AITX has applied for listing on the OTCQB. Future announcements will be made regarding the status of the OTCQB application.
Robotic Assistance Devices (RAD) is a high-tech start-up that delivers robotics and artificial intelligence-based solutions that enable organizations to gain new insights, solve complex security challenges and give impetus to new business ideas at reduced costs. RAD developed its advanced security robotics technology from the ground up, including circuit board design and base code development. This allows RAD to have full control over all design elements, performance, quality and user experience of all safety robots whether SCOT™PINK™Wally™Wally HSO™AVA™ROAMEO™or RAD Light My Way™. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto and request a copy of the recently published ‘Navigating the New Economy: Jobs and Automation, Challenges and Opportunities’.
CAUTION REGARDING 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 of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of Private Securities Litigation Reform Act of 1995. Statements in this press 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 meet its obligations, to deliver working capital needs from operating income, to obtain additional financing necessary for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial objectives, including estimates and forecasts, and other risks. Artificial Intelligence Technology Solutions undertakes no obligation to update any forward-looking statements and/or confirm the statement(s) as to actual results or changes in the expectations of Artificial Intelligence Technology Solutions.
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that enable organizations to gain new insights, solve complex challenges and fuel new business ideas. Through next-generation robotics product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI and strengthen business. AITX technology improves the simplicity and economy of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers increase the capacity of existing staffs and gain higher levels of situational awareness, all at drastically reduced costs. AITX solutions are well suited for use in several industries such as companies, authorities, transport, critical infrastructure, education and healthcare. To learn more, visit www.aitx.ai, stevereinharz.com, www.radsecurity.com and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
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Steve Reinharz
949-636-7060
@SteveReinharz
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Artificial Intelligence Technology Solutions, Inc.
