AITX and wholly owned subsidiary Robotic Assistance Devices (RAD) support the new agreement between industry organization ASIS International and Circadian Risk, Inc.
Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced its support for the agreement made between ASIS International and Circadian Risk, Inc. to deliver the security organization’s Physical Asset Protection (PAP) Standard as a SaaS-based assessment within Circadian Risk’s Enhanced Solutions™ Risk Suite.
On January 13, 2023, AITX announced an investment in Circadian Risk, paving the way for possible collaborations and integrations with RAD’s solutions. Circadian Risk develops software that gives security professionals the power to proactively reduce potential risks to individuals and assets. Their vulnerability assessment tools provide a complete detailed analysis, as well as corrective actions for every issue that may arise.
ASIS International is the world’s largest membership organization for security management professionals. With hundreds of chapters across the globe, ASIS International is recognized as the premier source for learning, networking, standards, and research.
“We congratulate Circadian Risk and ASIS for working to move the security industry towards a more integrated and technology-driven future,” said Steve Reinharz, CEO of AITX and RAD. “We intend to support their joint efforts as the industry continues to evolve and adapt AI-fueled autonomous solutions.”
“It’s exciting to help propel this inevitable progress in the security services industry,” said Michael Martin, CEO of Circadian Risk. “There are so many ways to ‘think out of the box’ when assessing and addressing an organization’s security risks. We will work to incorporate AI security solutions, like those available from RAD, into future risk analysis standards like the ASIS PAP Standard and beyond.”
Reinharz added, “Working with the great team at Circadian Risk, we expect to incorporate RAD’s innovative firearm detection technology solutions, both hardware and software, into their risk assessments and recommendations.”
“RAD has a strong relationship with ASIS, and their new initiative with Circadian Risk should only strengthen that,” said Mark Folmer, President of RAD and Vice Chair, North American Regional Board of Directors of ASIS. “We are eager to see the fruits of this effort and look to supporting both organizations in every way possible.”
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 a 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 costs 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.