Artificial Intelligence Technology Solutions, Inc. announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received an order for a Wally security robotic device from a new Fortune 500 ranked provider of third-party logistics services. The unit will be deployed at one of the client’s distribution centers in the Midwest. This is RAD’s fifth Fortune 500 company addition specific to the logistics space.
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“The logistics and transportation industry is one of RAD’s strongest vertical markets,” said Mark Folmer, President of RAD. “We currently have multiple ROSAs, Wallys, AVAs and SCOTs deployed and operating at busy distribution centers.”
According to a recent McKinsey report regarding the ‘entirely new logistics paradigm’, “Many operations could be automated by 2030, as artificial intelligence takes over the many repetitive activities that logistics companies perform. Automation can reduce the dependency on an ever-tightening labor market. Second, automation can enable higher throughput in a smaller space.”
“Adding clients with significant potential is always a great announcement. I expect additional sales announcements this month including at least one that many will consider especially noteworthy,” said Steve Reinharz, CEO of AITX.
Wally is expected to replace costly staff that performs the repetitive tasks of checking in truck drivers to their secure facilities 24 hours per day. “Once again we see high-profile, influential corporate end-users seek out RAD’s AI-driven solutions to help alleviate their cumbersome personnel tasks and dramatically cut costs,” continued Reinharz. “When this client eventually replaces 5 workers with 5 Wally devices, their savings in headcount alone will approach $1 million. Providing this sort of solution and savings is why RAD is in this business, Reinharz added.”
It is expected that this Wally unit will lead to a minimum of 4 additional units deployed by the client. RAD also expects to be able to name the client upon further deployments. “We are so pleased to be servicing this client and look forward to greater opportunities to come,” Reinharz concluded.
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-M