AITX's RAD Accelerates Healthcare Momentum with Client Deepening Use Across Entire Solution Platform
Detroit, Michigan--(Newsfile Corp. - April 17, 2025) - Robotic Assistance Devices, Inc. (RAD-I), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (OTC Pink: AITX) (the "Company"), today announced that it has received another expansion order from a leading healthcare provider ranked among the top 25 in the United States. This latest order, consisting of three RIO™ 360 solar-powered mobile security towers, follows a series of deployments that began in April of 2024, which was expanded in July of 2024, then again in December of 2024. The client is now on track to surpass 55 RIO units ordered before the close of calendar year 2025.
Artist's depiction of a RIO 360 positioned outside of a large medical center.
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Beyond RIO deployments, the client is actively engaged in discussions with RAD regarding additional solutions across its enterprise. These include the potential implementation of standalone ROSA™ units, the integration of SARA™, RAD's AI-powered command and control platform, and early-stage planning for ROAMEO™ Gen 4, RAD's mobile robotic security solution. This growing collaboration illustrates the client's deepening interest in leveraging RAD's full portfolio to strengthen security, improve operational efficiency, and reduce reliance on traditional guarding services.
One of the most promising applications currently underway is the client's use of RAD's ROSA units to monitor and manage activity in its walk-in lobbies. These lobbies, which serve as the public-facing entry points to hundreds of facilities across the country, are frequently impacted by incidents of vagrancy, loitering, and occasional vandalism. By deploying ROSA in these areas, the client is creating a consistent, always-present layer of security that can engage, deter, and notify in real time, without requiring costly on-site personnel.
This approach not only addresses a persistent security challenge but also represents a highly scalable model that could be replicated across the client's full footprint. Beyond the interior lobby use, ROSA is also being evaluated for select outdoor areas where a full RIO deployment may not be warranted. These exterior placements would allow the client to extend proactive coverage to parking areas, side entrances, and delivery zones, continuing to replace or reduce reliance on traditional guarding methods with RAD's AI-driven technology.
This new order reflects the healthcare provider's continued trust in RAD's ability to deliver effective, autonomous security solutions that meet the demands of high-traffic, complex environments. With each additional deployment, the client reinforces its commitment to adopting advanced technologies that improve facility security while reducing the strain on traditional guarding resources. RAD anticipates further orders from this client as additional locations evaluate and implement the RIO family of security solutions.
"This order highlights the rapid shift we're seeing across the healthcare industry," said Troy McCanna, RAD's Chief Security Officer. "Clients are no longer experimenting with AI-driven security, they're embracing it as a core part of their operations. It's exciting to see RAD becoming an integral piece of how major healthcare organizations approach safety and responsiveness."
In parallel with the expanding RIO deployments, the client continues to evaluate RAD's SARA™ platform for broader implementation across its network. The multiple award-winning SARA, part of the Company's AI-powered software suite, serves as the intelligent layer connecting RAD devices, enabling autonomous responses and streamlined incident management. As testing progresses, RAD expects SARA to play an increasing role in helping this client reduce dependency on human guarding while elevating situational awareness and response times.
Sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA's AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD-I's software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA's high-resolution, full-color, always-on cameras. RAD-I has published six Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at retail centers, hospital campuses, multi-family communities, car rental locations and construction sites across the country.
AITX, through its primary subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the nearly $50 billion (US) security and guarding services industry1 through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry's existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
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-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.radcam.ai, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the "Company"). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price.
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Steve Reinharz949-636-7060@SteveReinharz
1 https://www.ibisworld.com/united-states/market-research-reports/security-services-industry/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248857
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(NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage serving, valuations); Building Operations & Experience (facilities management, property management, flex space & experience); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. 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Any forward-looking statements speak only as of the date of this press release and, except to the extent required by applicable securities laws, the company expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If the company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. Factors that could cause results to differ materially include, but are not limited to: disruptions in general economic, political and regulatory conditions and significant public health events, particularly in geographies or industry sectors where our business may be concentrated; volatility or adverse developments in the securities, capital or credit markets, interest rate increases and conditions affecting the value of real estate assets, inside and outside the United States; poor performance of real estate investments or other conditions that negatively impact clients' willingness to make real estate or long-term contractual commitments and the cost and availability of capital for investment in real estate; foreign currency fluctuations and changes in currency restrictions, trade sanctions and import/export and transfer pricing rules; our ability to compete globally, or in specific geographic markets or business segments that are material to us; our ability to identify, acquire and integrate accretive businesses; costs and potential future capital requirements relating to businesses we may acquire; integration challenges arising out of companies we may acquire; increases in unemployment and general slowdowns in economic and commercial activity; trends in pricing and risk assumption for commercial real estate services; the effect of significant changes in capitalization rates across different property types; a reduction by companies in their reliance on outsourcing for their commercial real estate needs, which would affect our revenues and operating performance; client actions to restrain project spending and reduce outsourced staffing levels; our ability to further diversify our revenue model to offset cyclical economic trends in the commercial real estate industry; our ability to attract new user and investor clients; our ability to retain major clients and renew related contracts; our ability to leverage our global services platform to maximize and sustain long-term cash flow; our ability to continue investing in our platform and client service offerings; our ability to maintain expense discipline; the emergence of disruptive business models and technologies; negative publicity or harm to our brand and reputation; the failure by third parties to comply with service level agreements or regulatory or legal requirements; the ability of our investment management business to maintain and grow assets under management and achieve desired investment returns for our investors, and any potential related litigation, liabilities or reputational harm possible if we fail to do so; our ability to manage fluctuations in net earnings and cash flow, which could result from poor performance in our investment programs, including our participation as a principal in real estate investments; the ability of our indirect wholly-owned subsidiary, CBRE Capital Markets, Inc. to periodically amend, or replace, on satisfactory terms, the agreements for its warehouse lines of credit; declines in lending activity of U.S. Government Sponsored Enterprises, regulatory oversight of such activity and our mortgage servicing revenue from the commercial real estate mortgage market; changes in U.S. and international law and regulatory environments (including relating to anti-corruption, anti-money laundering, trade sanctions, tariffs, currency controls and other trade control laws), particularly in Asia, Africa, Russia, Eastern Europe and the Middle East, due to the level of political instability in those regions; litigation and its financial and reputational risks to us; our exposure to liabilities in connection with real estate advisory and property management activities and our ability to procure sufficient insurance coverage on acceptable terms; our ability to retain, attract and incentivize key personnel; our ability to manage organizational challenges associated with our size; liabilities under guarantees, or for construction defects, that we incur in our development services business; our leverage under our debt instruments as well as the limited restrictions therein on our ability to incur additional debt, and the potential increased borrowing costs to us from a credit-ratings downgrade; our and our employees' ability to execute on, and adapt to, information technology strategies and trends; cybersecurity threats or other threats to our information technology networks, including the potential misappropriation of assets or sensitive information, corruption of data or operational disruption; our ability to comply with laws and regulations related to our global operations, including real estate licensure, tax, labor and employment laws and regulations, fire and safety building requirements and regulations, as well as data privacy and protection regulations, sustainability matters, and the anti-corruption laws and trade sanctions of the U.S. and other countries; changes in applicable tax or accounting requirements; any inability for us to implement and maintain effective internal controls over financial reporting; the effect of implementation of new accounting rules and standards or the impairment of our goodwill and intangible assets; and the performance of our equity investments in companies we do not control. Additional information concerning factors that may influence the company's financial information is discussed under 'Risk Factors,' 'Management's Discussion and Analysis of Financial Condition and Results of Operations,' 'Quantitative and Qualitative Disclosures About Market Risk' and 'Cautionary Note on Forward-Looking Statements' in our Annual Report on Form 10-K for the year ended December 31, 2024, our latest quarterly report on Form 10-Q, as well as in the company's press releases and other periodic filings with the Securities and Exchange Commission (SEC). Such filings are available publicly and may be obtained on the company's website at or upon written request from CBRE's Investor Relations Department at investorrelations@ The terms 'adjusted net revenue,' 'core adjusted net income,' 'core EBITDA,' 'core EPS,' 'business line operating profit (loss),' 'segment operating profit on revenue margin,' 'segment operating profit on adjusted net revenue margin,' 'net debt' and 'free cash flow,' all of which CBRE uses in this press release, are non-GAAP financial measures under SEC guidelines, and you should refer to the footnotes below as well as the 'Non-GAAP Financial Measures' section in this press release for a further explanation of these measures. We have also included in that section reconciliations of these measures in specific periods to their most directly comparable financial measure calculated and presented in accordance with GAAP for those periods. Totals may not sum in tables in millions included in this release due to rounding. Note: We have not reconciled the (non-GAAP) core earnings per share forward-looking guidance included in this release to the most directly comparable GAAP measure because this cannot be done without unreasonable effort due to the variability and low visibility with respect to costs related to acquisitions, carried interest incentive compensation and financing costs, which are potential adjustments to future earnings. We expect the variability of these items to have a potentially unpredictable, and a potentially significant, impact on our future GAAP financial results. (1) Resilient businesses include facilities management, project management, loan servicing, valuations, other portfolio services, property management and recurring investment management fees. Transactional businesses include property sales, leasing, mortgage origination, carry interest and incentive fees in the investment management business, and development fees. (2) Local currency percentage change is calculated by comparing current-period results at prior-period exchange rates versus prior-period results. (3) Adjusted net revenue is gross revenue less costs largely associated with subcontracted vendor work performed for clients. These costs are reimbursable by clients and generally have no margin. (4) Core adjusted net income and core earnings per diluted share (or core EPS) exclude the effect of select items from GAAP net income and GAAP earnings per diluted share as well as adjust the provision for income taxes and impact on non-controlling interest for such charges. Adjustments during the periods presented included non-cash amortization expense related to intangible assets and impairment charges of goodwill attributable to acquisitions, costs incurred related to legal entity restructuring, carried interest incentive compensation expense to align with the timing of associated revenue, write-off of financing costs on extinguished debt, integration and other costs related to acquisitions, charges and interest expense related to indirect tax audits and settlements, net results related to the wind-down of certain businesses, impact of fair value non-cash adjustments related to unconsolidated equity investments, and costs associated with business and finance transformation, efficiency and cost-reduction initiatives. It also removes the fair value changes and related tax impact of certain strategic non-core non-controlling equity investments that are not directly related to our business segments. (5) Core EBITDA represents earnings, inclusive of non-controlling interest, before net interest expense, write-off of financing costs on extinguished debt, income taxes, depreciation and amortization, asset impairments, adjustments related to carried interest incentive compensation expense to align with the timing of associated revenue, costs incurred related to legal entity restructuring, integration and other costs related to acquisitions, costs associated with business and finance transformation, efficiency and cost-reduction initiatives, net results related to the wind-down of certain businesses, impact of fair value non-cash adjustments related to unconsolidated equity investments, and charges related to indirect tax audits and settlements. It also removes the fair value changes, on a pre-tax basis, of certain strategic non-core non-controlling equity investments that are not directly related to our business segments. (6) Free cash flow is calculated as cash flow provided by operations, plus gain on sale of real estate assets, less capital expenditures (reflected in the investing section of the consolidated statement of cash flows). (7) Segment operating profit is the measure reported to the chief operating decision maker (CODM) for purposes of making decisions about allocating resources to each segment and assessing performance of each segment. Segment operating profit represents earnings, inclusive of non-controlling interest, before net interest expense, write-off of financing costs on extinguished debt, income taxes, depreciation and amortization and asset impairments, as well as adjustments related to the following: certain carried interest incentive compensation expense to align with the timing of associated revenue, integration and other costs related to acquisitions, business and finance transformation, costs associated with efficiency and cost-reduction initiatives, net results related to the wind-down of certain businesses, impact of fair value non-cash adjustments related to unconsolidated equity investments, and charges related to indirect tax audits and settlement. (8) Segment operating profit on revenue and adjusted net revenue margins represent segment operating profit divided by revenue and adjusted net revenue, respectively. (9) In second-quarter 2024, a small portion of facilities management adjusted net revenue was mischaracterized as project management, resulting in understated project management adjusted net revenue growth in second-quarter 2025. (10) Represents line of business profitability/losses, as adjusted. (11) Net debt is calculated as total debt (excluding non-recourse debt) less cash and cash equivalents. Expand CBRE GROUP, INC. SEGMENT RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 2025 (in millions, totals may not add due to rounding) (Unaudited) Three Months Ended June 30, 2025 Revenue: Adjusted net revenue $ 1,983 $ 2,630 $ 847 $ 215 $ (7 ) $ 5,668 $ — $ 5,668 Pass-through costs also recognized as revenue 13 3,134 939 — — 4,086 — 4,086 Total revenue 1,996 5,764 1,786 215 (7 ) 9,754 — 9,754 Costs and expenses: Cost of revenue 1,164 5,192 1,545 36 5 7,942 — 7,942 Operating, administrative and other 455 339 122 182 177 1,275 — 1,275 Depreciation and amortization 67 61 26 3 25 182 — 182 Total costs and expenses 1,686 5,592 1,693 221 207 9,399 — 9,399 Gain on disposition of real estate — — — 19 — 19 — 19 Operating income (loss) 310 172 93 13 (214 ) 374 — 374 Equity (loss) income from unconsolidated subsidiaries (1 ) (16 ) — (3 ) — (20 ) 2 (18 ) Other income 2 3 — — — 5 — 5 Add-back: Depreciation and amortization 67 61 26 3 25 182 — 182 Adjustments: Integration and other costs related to acquisitions — 41 2 — 32 75 — 75 Carried interest incentive compensation expense to align with the timing of associated revenue — — — 3 — 3 — 3 Net results related to the wind-down of certain businesses — — — 9 — 9 — 9 Impact of fair value non-cash adjustments related to unconsolidated equity investments 2 — — — — 2 — 2 Business and finance transformation — — — — 28 28 — 28 Total segment operating profit (loss) $ 380 $ 261 $ 121 $ 25 $ (129 ) $ 2 $ 660 Core EBITDA $ 658 Expand _______________ (1) Includes elimination of inter-segment revenue. Expand CBRE GROUP, INC. SEGMENT RESULTS—(CONTINUED) FOR THE THREE MONTHS ENDED JUNE 30, 2024 (in millions, totals may not add due to rounding) (Unaudited) Three Months Ended June 30, 2024 Revenue: Adjusted net revenue $ 1,732 $ 2,228 $ 782 $ 232 $ (3 ) $ 4,971 $ — $ 4,971 Pass-through costs also recognized as revenue 12 2,627 781 — — 3,420 — 3,420 Total revenue 1,744 4,855 1,563 232 (3 ) 8,391 — 8,391 Costs and expenses: Cost of revenue 1,016 4,375 1,345 57 — 6,793 — 6,793 Operating, administrative and other 440 314 115 169 153 1,191 — 1,191 Depreciation and amortization 60 56 28 3 14 161 — 161 Total costs and expenses 1,516 4,745 1,488 229 167 8,145 — 8,145 Operating income (loss) 228 110 75 3 (170 ) 246 — 246 Equity income (loss) from unconsolidated subsidiaries — 3 — 4 — 7 (22 ) (15 ) Other (loss) income (1 ) 1 (1 ) (1 ) (1 ) (3 ) 9 6 Add-back: Depreciation and amortization 60 56 28 3 14 161 — 161 Adjustments: Integration and other costs related to acquisitions — 13 — — — 13 — 13 Carried interest incentive compensation expense to align with the timing of associated revenue — — — 1 — 1 — 1 Charges related to indirect tax audits and settlements — — — — 13 13 — 13 — 30 — — 37 67 — 67 Total segment operating profit (loss) $ 287 $ 213 $ 102 $ 10 $ (107 ) $ (13 ) $ 492 Core EBITDA $ 505 Expand _______________ (1) Includes elimination of inter-segment revenue. Expand CBRE GROUP, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in millions) June 30, 2025 December 31, 2024 (Unaudited) ASSETS Current Assets: Cash and cash equivalents $ 1,395 $ 1,114 Restricted cash 137 107 Receivables, net 7,319 7,005 Warehouse receivables (1) 1,448 561 Contract assets 382 400 Prepaid expenses 420 332 Income taxes receivable 306 130 Other current assets 553 321 Total Current Assets 11,960 9,970 Property and equipment, net 972 914 Goodwill 6,410 5,621 Other intangible assets, net 2,485 2,298 Operating lease assets 1,986 1,198 Investments in unconsolidated subsidiaries 858 1,295 Non-current contract assets 103 89 Real estate under development 365 505 Non-current income taxes receivable 89 75 Deferred tax assets, net 656 538 Other assets 1,809 1,880 Total Assets $ 27,693 $ 24,383 LIABILITIES AND EQUITY Current Liabilities: Accounts payable and accrued expenses $ 4,112 $ 4,102 Compensation and employee benefits payable 1,405 1,419 Accrued bonus and profit sharing 1,029 1,695 Operating lease liabilities 282 200 Contract liabilities 420 375 Income taxes payable 145 209 Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) (1) 1,432 552 Revolving credit facilities — 132 Other short-term borrowings 1,362 222 Current maturities of long-term debt 71 36 Other current liabilities 365 345 Total Current Liabilities 10,623 9,287 Long-term debt, net of current maturities 4,340 3,245 Non-current operating lease liabilities 2,053 1,307 Non-current tax liabilities 175 160 Deferred tax liabilities, net 258 247 Other liabilities 1,251 945 Total Liabilities 18,700 15,191 Mezzanine Equity: Redeemable non-controlling interests in consolidated entities 408 — Equity: CBRE Group, Inc. Stockholders' Equity: Class A common stock 3 3 Additional paid-in capital — — Accumulated earnings 9,393 9,567 Accumulated other comprehensive loss (1,143 ) (1,159 ) Total CBRE Group, Inc. Stockholders' Equity 8,253 8,411 Non-controlling interests 332 781 Total Equity 8,585 9,192 Total Liabilities and Equity $ 27,693 $ 24,383 Expand _______________ (1) Represents loan receivables, the majority of which are offset by borrowings under related warehouse line of credit facilities. Expand Non-GAAP Financial Measures The following measures are considered 'non-GAAP financial measures' under SEC guidelines: These measures are not recognized measurements under United States generally accepted accounting principles (GAAP). When analyzing our operating performance, investors should use these measures in addition to, and not as an alternative for, their most directly comparable financial measure calculated and presented in accordance with GAAP. Because not all companies use identical calculations, our presentation of these measures may not be comparable to similarly titled measures of other companies. Our management generally uses these non-GAAP financial measures to evaluate operating performance and for other discretionary purposes. The company believes these measures provide a more complete understanding of ongoing operations, enhance comparability of current results to prior periods and may be useful for investors to analyze our financial performance because they eliminate the impact of selected charges that may obscure trends in the underlying performance of our business. The company further uses certain of these measures, and believes that they are useful to investors, for purposes described below. With respect to adjusted net revenue, adjusted net revenue is gross revenue less costs largely associated with subcontracted vendor work performed for clients. We believe that investors may find this measure useful to analyze the company's overall financial performance because it excludes costs reimbursable by clients that generally have no margin, and as such provides greater visibility into the underlying performance of our business. We re-named this metric as adjusted net revenue to emphasize it is a non-GAAP measure. With respect to core EBITDA, core EPS, core adjusted net income, business line operating profit/loss, and segment operating profit on revenue and net revenue margins, the company believes that investors may find these measures useful in evaluating our operating performance compared to that of other companies in our industry because their calculations generally eliminate the accounting effects of acquisitions, which would include impairment charges of goodwill and intangibles created from acquisitions, the effects of financings and income tax and the accounting effects of capital spending. The presentation of core adjusted net income, excluding amortization of intangible assets acquired in business combinations, is useful to investors as a supplemental measure to evaluate the company's ongoing operating performance. While amortization expense of acquisition-related intangible assets is excluded from core adjusted net income, the revenue generated from the acquired intangible assets is not excluded. All of these measures may vary for different companies for reasons unrelated to overall operating performance. In the case of core EBITDA, this measure is not intended to be a measure of free cash flow for our management's discretionary use because it does not consider cash requirements such as tax and debt service payments. The core EBITDA measure calculated herein may also differ from the amounts calculated under similarly titled definitions in our credit facilities and debt instruments, which amounts are further adjusted to reflect certain other cash and non-cash charges and are used by us to determine compliance with financial covenants therein and our ability to engage in certain activities, such as incurring additional debt. The company also uses segment operating profit and core EPS as significant components when measuring our operating performance under our employee incentive compensation programs. With respect to free cash flow, the company believes that investors may find this measure useful to analyze the cash flow generated from operations and real estate investment and development activities after accounting for cash outflows to support operations and capital expenditures. With respect to net debt, the company believes that investors use this measure when calculating the company's net leverage ratio. With respect to core EBITDA, core EPS and core adjusted net income, the company believes that investors may find these measures useful to analyze the underlying performance of operations without the impact of strategic non-core equity investments that are not directly related to our business segments. These can be volatile and are often non-cash in nature. Core net income attributable to CBRE Group, Inc. stockholders, as adjusted (or core adjusted net income), and core EPS, are calculated as follows (in millions, except share and per share data): Core EBITDA is calculated as follows (in millions, totals may not add due to rounding): Core EBITDA for the trailing twelve months ended June 30, 2025 is calculated as follows (in millions): Below represents a reconciliation of REI business line operating profitability/loss to REI segment operating profit (in millions): Below represents a reconciliation of cash flow provided by (used in) operations to free cash flow for the trailing twelve months ended June 30, 2025 (in millions):
Business Wire
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- Business Wire
Gatik Unveils Arena™: Next-Generation Simulation Platform to Accelerate Commercialization of Its Autonomous Trucking Solution, Built on NVIDIA Cosmos
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Gatik, the leader in autonomous freight for regional logistics networks, today announced Gatik Arena™, its next-generation simulation platform designed to accelerate the development and validation of autonomous vehicle (AV) systems. Built in-house and fine-tuned to Gatik's operational and technical needs, Arena™ produces photorealistic, structured, and controllable synthetic data that directly addresses the limitations of traditional real-world data collection. Built in-house and fine-tuned to Gatik's operational and technical needs, Arena™ produces photorealistic, structured, and controllable synthetic data that directly addresses the limitations of traditional real-world data collection. Share As Gatik scales Freight-Only (driverless) operations in 2025, Arena™ will enable safe and efficient training for its autonomous systems on a wide range of driving scenarios - from routine tasks to rare edge cases - reducing reliance on on-road testing and accelerating the safe, cost-effective commercialization of its solution for partners including Kroger (NYSE:KR), Tyson Foods (NYSE:TSN), and Loblaw (TSX:L). To develop this next-generation simulation platform, Gatik is collaborating with NVIDIA to integrate NVIDIA Cosmos World Foundation Models (WFMs), enabling the creation of ultra-high-fidelity, physics-informed digital environments for robust AV training and validation. Capturing rare events in the real world is expensive, time-consuming, and often unsafe. Arena™ addresses this with high-fidelity synthetic data generation - combining real-world logs, trajectory editing, agent modeling, and multi-sensor simulation pipelines to deliver full closed-loop simulations. The result: scalable, safe, and repeatable AV testing in highly realistic digital worlds. 'As the AV industry pushes toward scaled deployments, the bottleneck isn't just better algorithms - it's better, smarter data,' said Gautam Narang, Gatik's CEO and co-founder. 'Arena™ allows us to simulate the edge cases, rare events, and high-risk scenarios that matter most, with photorealism and fidelity that match the complexities of the real world.' 'NVIDIA Cosmos has been purpose-built to accelerate world model training and accelerate physical AI development for autonomous vehicles,' said Norm Marks, Vice President of Global Automotive, NVIDIA. 'Our collaboration with Gatik unlocks the development of safe, reliable, ultra-high-fidelity digital environments for robust AV training and validation, and is helping to accelerate the commercialization of Gatik's autonomous trucking solution at scale.' Solving the Data Bottleneck with Simulation-First Development Traditional fleet testing and data logging cannot provide the scale, diversity, or reproducibility required to validate AV systems comprehensively. Arena™ addresses this challenge through an extensible modular simulation engine that leverages strengths of advanced AI techniques (NeRFs, 3D Gaussian splatting, diffusion models) to enable scaling from quick scenario augmentation to high-fidelity, full-stack simulation - ensuring each component of the autonomy pipeline is trained and validated with the most optimal and resource efficient technique. Photorealistic Neural Rendering: Leveraging neural techniques like volumetric reconstruction to create high-fidelity simulations from abstract representations such as segmentation maps, LiDAR, and HD maps. Scenario Editing and Control: Support for modifying real-world logs - adjusting traffic flow, pedestrians, lighting, and road layouts to conduct controlled A/B testing. Sensor-Accurate Outputs: Multi-modal simulation across camera, LiDAR, and radar to reflect real-world sensor behavior under varied environmental conditions. Closed-Loop Simulation: Real-time interaction between ego-vehicle decisions and surrounding agents (NPCs), enabling testing of the full autonomy stack in complex interactive environments. This includes modeling vehicle dynamics, policy interactions, and latent scene evolution. Structured Synthetic Data Generation: Enables scalable, annotation-free data generation for machine learning workflows, regression testing, and safety case validation. Purpose-Built for Autonomous Driving Arena™ is engineered with AV-specific needs in mind, including support for difficult-to-collect or safety-critical scenarios such as: Adverse Weather & Visibility: Rain, fog, snow, low-light, glare, and occlusion impacting perception. Unpredictable Road Users: Jaywalking pedestrians, weaving cyclists, lane-splitting motorcycles, animals, and erratic drivers. Challenging Road Geometry: Unprotected turns, faded markings, roundabouts, and poorly marked intersections. Dynamic Road Changes: Construction, detours, school zones, emergency vehicles, and temporary traffic shifts. Sensor & Perception Failures: Occluded signs, low-contrast objects, LiDAR noise, reflections, and degraded sensor inputs. Dense Urban Interactions: High-traffic, mixed road users, double parking, and limited maneuvering space. By simulating these scenarios with spatiotemporal consistency and sensor-level realism, Arena™ reduces the need for costly, time-intensive on-road testing. A Strategic Investment in Scalable Safety Arena™ plays a central role in Gatik's broader simulation-first development strategy. It is tightly integrated with the company's autonomy stack and live safety case platform, allowing AV teams to validate behavior, assess system robustness, and close safety assurance gaps with unmatched efficiency. 'With Arena™, we're reimagining simulation not just as a testing tool, but as a core enabler of safe, scalable autonomy,' said Gautam Narang. 'It gives us the control, realism, and flexibility we need to rapidly build confidence in our systems - and do so without compromising safety or time-to-market.' Today's announcement builds on Gatik's ongoing collaboration with NVIDIA. Earlier in 2025, the two companies announced that Gatik will use NVIDIA DRIVE AGX accelerated by the DRIVE Thor system-on-a-chip running the NVIDIA DriveOS automotive operating system in the company's next-generation autonomous trucks. About Gatik Gatik AI Inc., the leader in autonomous freight for regional logistics networks, is revolutionizing B2B supply chains by enabling safe, consistent, high-frequency freight movement. Gatik's AI-Driven Autonomy is transforming regional logistics for Fortune 500 retailers, and in 2021 the company launched the world's first driverless commercial transportation service. Gatik's autonomous trucks are commercially deployed in multiple markets including Texas, Arkansas, Arizona, and Ontario. Gatik partners with industry leaders including Isuzu Motors, NVIDIA, Cummins, Ryder, and Goodyear. Founded in 2017 by veterans of the autonomous technology industry, the company has offices in Mountain View, Dallas-Fort Worth, Phoenix, Bentonville and Toronto. Safe Harbor Statement This press release contains forward-looking statements, including but not limited to, statements regarding future business strategies, plans, objectives, and anticipated performance. These forward-looking statements are based on the current expectations and beliefs of Gatik and are subject to various risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied in such statements. Factors that could impact these forward-looking statements include, but are not limited to, changes in market conditions, economic factors, competitive dynamics, regulatory developments, and unforeseen operational challenges. Gatik undertakes no obligation to update or revise any forward-looking statements to reflect new information, future events, or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release.
