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Artificial Intelligence Technology Solutions, Inc. is pleased to announce that Robotic Assistance Devices (RAD), its wholly owned subsidiary, has entered into a direct master services contract with a major logistics client listed on the NYSE. This existing client chose to go direct with RAD and currently manages the logistics of its 50,000 clients.
“This new agreement holds the promise of opening the door to numerous purchase orders for RAD,” said Steve Reinharz, President and CEO of RAD. “As part of managing logistics, this client also manages numerous warehouses and facilities for its clients, each of which could benefit from RAD’s cost cutting solutions.”
The logistics industry is extremely cost sensitive and is always looking for ways to reduce costs, which lends itself well for RAD’s solutions that can save clients 70% on their security costs.
RAD has a sales pipeline of over 35 Fortune 500 companies and numerous other potential clients. RAD expects to continue to attract new clients as it converts its existing sales pipeline into paying customers. Each new Fortune 500 customer has the potential of making numerous reorders over time.