Stocks

AITX partners with EAGL solutions for gunshot detection technology

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced today that its wholly-owned subsidiary Robotic Assistance Devices (RAD) has signed a deal with EAGL Technology, Inc. to use EAGL’s Gunshot Detection System (GDS) in all current and future RAD devices.

After receiving gunshot ballistic science developed by the Department of Energy’s Pacific Northwest National Laboratory, EAGL Technology was established in 2015. (PNNL). EAGL has furthered this technology by developing a cutting-edge protection framework. The EAGL product line makes use of the company’s proprietary FireFly® Ballistic Sensor technology, which will be available as an optimized option on both mobile and stationary protection systems from RAD. Honeywell, Johnson Controls, Siemens, and a slew of other companies are among EAGL’s customers.

“We are honored that RAD will be integrating EAGL solutions into their innovative offerings, There are such great synergies in supporting RAD, the markets that they serve, and our GDS solutions.”

Jennifer Russell, Senior VP of Security Technology at EAGL Technology, Inc

A Gunshot Detection System is a device that can distinguish and pinpoint the source of gunshots or other weapon fire. An array of acoustic sensors can be used to detect this. Gunshot tracking devices may be used by intelligence forces, the military, and law enforcement to pinpoint the path of shooting, as well as the source and, in some cases, the type of firearm used. The global Gunshot Detection Systems market was estimated at $1.41 billion in 2019 and is expected to hit $8 billion by 2027, rising at a CAGR of 26.18 percent from 2020 to 2027, according to Verified Market Research.

“RAD prospects have driven the need to add this important technology to the RAD lineup, We’ve been evaluating EAGL for almost two years and we are thrilled to bring this full integration to our dealer channel.”

Steve Reinharz, RAD President/ AITX CEO

According to Gun Violence Archive, there were 417 mass shootings in 2019, making it the worst year on record for this type of attack.

“We have been receiving repeated requests that gunshot detection capabilities be built into RAD devices from industries as varied as transit operators, retail property managers, and law enforcement. Integrating EAGL’s technology into RAD’s autonomous response solutions should be well received by all of the markets we serve,”

STEVE REINHARZ, RAD PRESIDENT/ AITX CEO

EAGL’s GDS technology, which provides both additional hardware and analytic software on all RAD computers, will be an alternative, according to the company. At the time of this announcement, no pricing information was available.