AITX CEO, Steve Reinharz, Sets Forth the Company's Path to Potential Cash Flow Positivity

Rhea-AI Summary

• English
• French
• German
• Italian
• Korean
• Spanish

AITX CEO, Steve Reinharz, discusses the Company's potential path to achieving operational cash flow positivity in an interview with SmallCapVoice.com. The interview highlights AITX's innovative AI-driven security solutions through its subsidiary, Robotic Assistance Devices, Inc. (RAD), aiming to disrupt the security industry with cost-saving robotic solutions. RAD's in-house developed AI technologies target Fortune 500 companies, offering a significant cost reduction compared to traditional security services.

Interview With SmallCapVoice.com Streaming on YouTube Now

Detroit, Michigan, April 18, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), is pleased to share that Steve Reinharz, CEO/CTO of AITX and RAD was recently interviewed by SmallCapVoice.com. This wide-ranging, fast-paced interview covers many of the issues facing the Company, and Reinharz discusses the potential of reaching the goal of achieving operational cash flow positivity this calendar year.

“I absolutely love speaking with knowledgeable and well-researched YouTubers," said Reinharz. "Speaking with Stuart at SmallCapVoice was a pleasure, he’d done his homework and was prepared with some probing questions.”

The entire interview is available on SmallCapVoice.com’s YouTube channel.

“I am excited to see what the future holds for AITX,” commented Stuart T. Smith, CEO and President of SmallCapVoice.com, Inc. “I recently came across the long list of solid updates issued by AITX in 2024. The interview with CEO Steve Reinharz did not disappoint. This feels like a ground-floor opportunity with an established team at AITX leading the charge. I can’t wait to check back in with the Company on their progress later in 2024!”

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry 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 this 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.

About Artificial Intelligence Technology Solutions (AITX)

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-I, 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.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. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume, becoming cash flow positive, and ARR or RMR. 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.

###

Steve Reinharz
949-636-7060
@SteveReinharz

FAQ

What was the topic of the interview with AITX CEO Steve Reinharz?

The interview with AITX CEO Steve Reinharz focused on the Company's potential path to achieving operational cash flow positivity.

What is AITX's subsidiary that is redefining the security industry?

Robotic Assistance Devices, Inc. (RAD) is AITX's subsidiary redefining the security industry with innovative AI-driven solutions.

How does RAD's Solutions-as-a-Service business model impact businesses?

RAD's Solutions-as-a-Service business model provides cost savings of between 35%-80% to businesses compared to traditional manned security services.

What is the potential market size that RAD is targeting?

RAD is targeting the $25 billion (US) security and guarding services industry with its disruptive AI-driven solutions.

How are RAD's AI technologies developed?

All RAD technologies, AI-based analytics, and software platforms are developed in-house.