Artificial Intelligence Techno Stock Price, News & Analysis

Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (OTCPK:AITX), has announced the renewal of a contract for two RIO™ units from one of its largest clients. This marks the first of many expected renewals, highlighting RAD's strong customer retention. The company reports a year-to-date attrition rate of less than 3% for deployed and revenue-producing units, outperforming their target of less than 5% per quarter.

RAD's RIO units feature dual ROSA™ (Responsive Observation Security Agent) systems, which offer AI-driven security analytics including human, firearm, and vehicle detection. The company plans to provide a year-to-date sales summary and full-year SaaS and revenue guidance on August 1, 2024. RAD's innovative AI-driven Solutions-as-a-Service model aims to reduce security costs for businesses by 35%-80% compared to traditional manned security services.

Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (OTCPK:AITX), is set to expand a major nationwide deployment for a Fortune 50 client. The company will build an additional 57 RIO™ units, expected to generate over $90,000 in monthly recurring revenue plus over $17,000 per month in remote monitoring revenue.

This expansion order is anticipated to increase RAD's Software as a Service (SaaS) Annual Recurring Revenue (ARR) by approximately $1 million. The deployment showcases RAD's ability to provide scalable security solutions for large national corporations. CEO Steve Reinharz believes this strategic deployment will help push RAD towards becoming cash flow positive this fiscal year.

Artificial Intelligence Technology Solutions (OTCPK:AITX) has announced a significantly improved equity financing agreement, expected to be in effect the week of July 22, 2024. The new agreement is estimated to increase the amount of money received per share sold by 25-35%, reducing share dilution for investors.

Key improvements include:

• Purchase price set at 95% of the lowest 5-day VWAP, up from 80% of the lowest 9-day traded price
• Potential for 25-35% increase in net cash per share purchase
• Enhanced financial flexibility for growth and innovation

AITX, through its subsidiary Robotic Assistance Devices (RAD), is revolutionizing the $25 billion security industry with AI-driven Solutions-as-a-Service, offering businesses 35-80% cost savings compared to traditional manned security models.

Artificial Intelligence Technology Solutions (OTCPK:AITX) announces an upcoming 'Ask Me Anything' session with CEO Steve Reinharz, hosted by Buffalo Fireside Chats on July 21, 2024. The discussion will cover Q1 results, fiscal year outlook, and new solution developments. Reinharz will address questions about operations, sales pipeline growth, production backlog, and the path to potential cash flow positivity.

AITX, through its subsidiary Robotic Assistance Devices (RAD), is revolutionizing the $25 billion security industry with AI-driven Solutions-as-a-Service, offering 35%-80% cost savings compared to traditional manned security. The company has a prospective sales pipeline of over 35 Fortune 500 companies and aims to convert opportunities into recurring revenue streams.

Artificial Intelligence Technology Solutions (OTCPK:AITX) reported exceptional growth in its Q1 FY2025 financial results. The company achieved a 312% increase in revenue, reaching $1,182,800, compared to $385,208 in the same period last year. Notably, rental (SaaS/RMR) revenue saw a 412% increase, totaling $980,536. AITX's market value nearly tripled to approximately $74.7 million, with the share price rising by 150% from $0.0029 to $0.0072.

The company's gross profit grew by 237% to $887,207. CEO Steve Reinharz expressed satisfaction with the growth but emphasized the need to push boundaries further. He anticipates a substantial increase in order intake in the second half of the fiscal year and is excited about upcoming new solutions like RADCam.

Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (OTCPK:AITX), has joined ZeroNow as an Industry Partner to enhance school safety. RAD offers cost-effective AI-based security solutions that improve situational awareness in schools. This partnership aims to leverage RAD's expertise in autonomous monitoring and response to address vulnerabilities in educational institutions.

RAD's commitment to school safety is further demonstrated through its Bailey's Gift campaign, which donates advanced firearm detection devices to underfunded K-12 schools. By collaborating with ZeroNow, RAD seeks to expand its efforts in creating safer learning environments. This alliance brings together law enforcement, school security, education members, and technology partners to combat school violence and ensure student safety.

Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), has secured an expansion order from a top 25 healthcare provider for its RIO™ 360 solar-powered security towers. This follows an initial deployment earlier this year, solidifying RAD's presence in the healthcare sector. Although details on the number of units and financials are confidential, this order reflects growing trust in RAD's security solutions. Additionally, the healthcare provider plans to deploy RAD Light My Way™, a mobile app and hardware solution aimed at boosting safety and security, particularly in parking areas.

RAD's ROSA™ units, part of the RIO 360 configuration, offer advanced security features such as human, firearm, and vehicle detection, and are optimized for quick installation and cellular communication. RAD's innovative security solutions provide significant cost savings of 35%-80% compared to traditional security services. RAD is poised for continued growth, with a sales pipeline including over 35 Fortune 500 companies.

Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), has received an initial order for a RIO 360 solar-powered security tower from a Miami-based car dealership.

The RIO unit will help enhance security and customer service, operating alongside manned security guards to reduce after-hours loitering and trespassing. The deployment is part of RAD's broader strategy to penetrate the U.S. car dealership market, which faces challenges such as high-value inventory theft and vandalism due to supply chain disruptions.

RAD's solutions offer substantial cost savings, enhancing security and operational efficiency at dealerships nationwide. The company provides AI-driven, subscription-based security services, including the award-winning ROSA units. RAD aims to convert its sales pipeline into recurring revenue, targeting over 35 Fortune 500 companies.

Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (OTCPK: AITX), expressed support for the recent vetoes by Kansas Governor Laura Kelly and Missouri Governor Mike Parson. These vetoes blocked legislation that would have school safety funding to a single provider, ZeroEyes, thereby ensuring fair competition. RAD's CEO, Steve Reinharz, emphasized that these decisions promote a competitive marketplace, fostering innovation and providing schools with diverse safety solutions. RAD recently announced enhanced gun detection technology and aims to achieve SAFETY Act Designation. The company has a sales pipeline involving over 35 Fortune 500 companies, expecting recurring revenue from these prospects. RAD's AI-driven solutions claim to offer 35%-80% cost savings compared to traditional manned security models.