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Summary is AI-generated, newsdesk-reviewed
  • AITX and RAD-G sign $2.5M AI security deal with US RVM company.
  • RAD-G's SARA AI platform to replace legacy systems, enhance video monitoring reliability.
  • Successful SOC 2 Type 2 audit validates RAD-G's data protection and security compliance.

Artificial Intelligence Technology Solutions, Inc. (AITX) and its subsidiary, Robotic Assistance Devices Group (RAD-G), have secured a significant three-year contract with a US Remote Video Monitoring (RVM) company.

Designed to modernise video monitoring services, the project is expected to achieve a total contract value of $2.5 million. The deployment will utilise SARA™ (Speaking Autonomous Responsive Agent), AITX’s award-winning AI platform, to enhance the RVM's expanding portfolio of monitored accounts.

Introduction of diverse SARA solutions

Within the framework of this agreement, RAD-G will roll out a variety of SARA solutions with an initial annual revenue pegged at about $855,000. The implementation will proceed over the next several months, aiming for completion within six months. This phased approach will allow both companies to identify the most suitable SARA configurations and integrations.

Upon full deployment, the project is anticipated to generate an annual recurring income nearing $1 million, enhancing the RVM’s customer base by transitioning over 1,000 video monitoring accounts currently managed by overseas providers.

Redefining video monitoring with SARA

SARA autonomously manages live video feeds, identifying critical events and responding with voice-interactive deterrence

Steve Reinharz, CEO/CTO and founder of AITX and RAD-G, stated, “This agreement demonstrates how rapidly SARA is redefining what’s possible in video monitoring. This RVM’s decision to build around our platform validates the strength of our technology, our roadmap, and our vision for autonomous, intelligent monitoring at scale."

The project adds to RAD-G’s increasing portfolio of software engagements, aiding the company's goal of expanding its recurring monthly revenue. SARA autonomously manages live video feeds, identifying critical events and responding with voice-interactive deterrence and alerts, offering an intelligent, scalable alternative to traditional monitoring services.

Innovative mobile robotics and security solutions

AITX’s main subsidiary, Robotic Assistance Devices, Inc. (RAD), is transforming the security services sector. Through its AI-driven Solutions-as-a-Service model, RAD offers innovations that can decrease security costs by up to 80% compared to traditional staffing methods.

Its portfolio includes stationary and mobile robotic solutions designed to substitute or complement human personnel. All technologies are developed in-house, ensuring robust AI-based analytics and software support.

Data protection and security assurance

RAD's operations are bolstered by attaining the SOC 2 Type 2 audit, validating the company’s efficient management

RAD's operations are bolstered by attaining the SOC 2 Type 2 audit, validating the company’s efficient management and protection of customer data. This audit provides additional assurance to enterprise and government customers prioritising stringent data protection and security standards.

RAD’s leadership team, including industry veterans like Steve Reinharz, Mark Folmer, Troy McCanna, and Stacy Stephens, brings a wealth of experience across security, law enforcement, and robotics. Their collective expertise underpins RAD’s ability to deliver innovative security solutions.

Expanding client bases with AI solutions

RAD is actively engaging with a prospective sales pipeline that includes over 35 Fortune 500 companies. The firm anticipates converting these opportunities into active clients, contributing to a growing stream of recurring revenue.

As AITX continues to pioneer AI-based solutions, it empowers businesses to enhance operations and returns on investment while offering industry-wide applicability, from government to healthcare. The company’s technology elevates situational awareness and organisational efficiency at reduced costs, making it appealing across diverse sectors.

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