AITX's Subsidiary RAD-R Now Accepting RADCam™ Preorders Online
GlobeNewswire Inc.
September 24, 2024 12:40PM GMT
AI-Powered Talking Security Camera Available for Purchase at radcam.ai
Detroit, Michigan, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), is excited to announce that RAD-R, its subsidiary, is now accepting online preorders for the groundbreaking RADCam™ at radcam.ai. Shipments are expected to begin in mid-December 2024.
RADCam represents a revolutionary leap in residential security with its AI-powered, interactive capabilities, making it what the Company sees as the world’s first AI-powered, purpose-built ’Talking Security Camera’. Designed to engage with individuals approaching or entering homes, RADCam enhances security through real-time interactions, all while maintaining the essential features of traditional security cameras, including monitoring, detecting, and recording.
Steve Reinharz, CEO/CTO of AITX and RAD-R, commented, “RADCam is not just another security camera, it’s a transformative technology. By utilizing our proprietary AIR™ technology, RADCam offers homeowners and small businesses an unparalleled level of engagement and protection that traditional cameras simply can’t match.”
Building on the success of its primary subsidiary, Robotic Assistance Devices, Inc. (RAD), AITX has proven that direct interaction with individuals engaged in or considering suspicious activities can deter potential threats. This philosophy is encapsulated in AITX’s ‘Autonomous Intelligent Response’ (AIR), outlined in the AIR Manifesto.
Key Features of RADCam:
RADCam is now available for pre-order at radcam.ai, with deliveries expected in mid-December 2024. The product carries a retail price of $99.00 plus applicable taxes. Additional options and features will be announced in the coming months.
The RADCam subscription, priced at $24.99 per month, unlocks the full suite of AIR-enabled features, including the "Talking Camera" functionality for real-time alerts, proactive deterrence, and personalized interactions. Subscribers also get enhanced threat detection, intelligent responses, and continuous software updates to keep up with evolving security needs. While basic functionality like live streaming and motion detection is available without a subscription, the plan is essential to experience RADCam’s full conversational AIR and advanced detection capabilities.
Reinharz added, “Interest in RADCam has exceeded our initial projections, and we expect it to positively impact this year's revenue. Initially, we estimated annual revenues between $200,000 and $800,000, but based on early indicators, we have adjusted our forecast to potential revenues of between $1 million to $2 million, with monthly subscription revenues potentially ranging from $150,000 to $400,000. RADCam is designed to appeal to tech-savvy consumers seeking more intelligent and interactive home security solutions.”
About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.radcam.ai, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances whatsoever that the Company will meet its expectations with respect to its future revenues, sales volume, becoming cash flow positive, ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.
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Steve Reinharz
949-636-7060
@SteveReinharz