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Summary is AI-generated, newsdesk-reviewed
  • RAD-G signs $2.5M deal with RVM company deploying AI SARA platform.
  • SARA AI expected to boost annual revenue with scalable video monitoring solutions.
  • AITX emphasizes data protection and compliance through successful SOC 2 Type 2 audit.

Artificial Intelligence Technology Solutions, Inc. (AITX) has entered into a significant three-year partnership with a Remote Video Monitoring (RVM) company based in the U.S.

This collaboration involves AITX’s subsidiary, Robotic Assistance Devices Group (RAD-G), deploying its advanced AI platform, SARA™ (Speaking Autonomous Responsive Agent), to enhance the RVM company's portfolio, with an expected contract value of $2.5 million over the project term.

Implementation of SARA Solutions

According to the agreement, RAD-G is set to deploy various configurations of its SARA platform with an initial annual contract value pegged at around $855,000.

RAD-G is set to deploy various configurations of its SARA platform with an initial annual contract value

The project will be rolled out in stages over several months, with full implementation projected to be completed in approximately six months. This gradual deployment aims to establish the most effective SARA configurations and integrations.

Once fully operational, the annual recurring revenue from this initiative is projected to reach nearly $1 million as the RVM company broadens its customer reach and adds more monitored accounts. The project also plans to replace existing legacy systems, shifting more than 1,000 currently overseas-managed video monitoring accounts to the new AI-driven system.

Innovations in Video Monitoring

Steve Reinharz, CEO/CTO and founder of AITX and RAD-G, emphasized the transformative potential of the SARA platform by stating, “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. We’re not following industry trends, we’re setting them.”

RAD-G's project bolsters its expanding portfolio in enterprise software engagements, contributing to a steady increase in recurring monthly revenue. SARA autonomously manages live video streams, detects important events, and delivers real-time responses through interactive voice alerts and notifications.

AI-Driven Security Solutions

RAD-G's innovative approach is gaining traction among monitoring and security service providers seeking advanced

RAD-G's innovative approach is gaining traction among monitoring and security service providers seeking advanced, scalable alternatives to traditional monitoring practices. The platform aligns with RAD-G's broader mission to update security operations using AI-powered automation and actionable intelligence.

Operators of Remote Video Monitoring systems and Global Security Operations Centers are encouraged to explore how SARA can optimize their monitoring tasks by connecting with RAD-G.

AITX and its primary subsidiary, Robotic Assistance Devices, Inc. (RAD), focus on redefining the security and guarding services sector, a market worth nearly $50 billion in the U.S., with their AI-driven Solutions-as-a-Service business model. RAD solutions are crafted to deliver substantial cost savings of 35%-80% compared to traditional human-dependent security models.

Ensuring Data Security

These savings are achieved through a mix of stationary and mobile robotic solutions that either supplement or replace human personnel, especially in environments more suitable for automation. AITX ensures that its operations adhere to stringent security standards, as evidenced by the successful completion of the SOC 2 Type 2 audit, which appraises the company's internal controls related to customer data management.

Under the guidance of Steve Reinharz and a team boasting significant expertise—including Mark Folmer, Troy McCanna, and Stacy Stephens—RAD is well-poised to provide impactful security solutions. Leveraging a robust sales pipeline, which includes over 35 Fortune 500 companies, RAD aims to transform these leads into clients, thereby expanding its recurring revenue portfolio.

AITX’s innovative AI solutions facilitate organizations in achieving enhanced operational efficiency, higher return on investment, and improved business outcomes. These solutions empower organizations across various sectors, including enterprise, government, education, and healthcare, by significantly reducing costs while heightening situational awareness and utilizing staff more strategically.

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