Artificial Intelligence Techno Stock Price, News & Analysis

Artificial Intelligence Technology Solutions (OTCPK: AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), has received over 700 enclosures for its popular security robot, ROSA, at its Detroit facility. Following a surge in sales, AITX's CEO, Steve Reinharz, noted the decision to order enclosures was strategic as RAD expands its product line with three new solutions: RIO, RIO Mini, and ROSA-P. RAD's cost-cutting measures have resulted in ROSA unit costs being halved due to bulk purchases. The company aims to streamline operations and enhance manufacturing capabilities while maintaining a strong sales pipeline with over 35 Fortune 500 clients.

Artificial Intelligence Technology Solutions (AITX) has announced the appointment of Steve Reinharz to the board of directors for the Security Industry Association (SIA). This two-year term aims to support the SIA's mission to enhance success within the global security industry. Reinharz expressed gratitude for the appointment, aligning with RAD's vision of an AI-driven security sector. AITX, via its subsidiary Robotic Assistance Devices (RAD), is disrupting the $25 billion security industry by offering AI-driven solutions that can reduce security costs by 35%-80%. The company has a strong sales pipeline with over 35 Fortune 500 companies.

Detroit, Michigan, March 29, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions (AITX) and its subsidiary, Robotic Assistance Devices (RAD), partnered with ECAMSECURE, a GardaWorld company, to showcase the Virtual Gate Guard™ at ISC West 2023 in Las Vegas.

RAD's CEO, Steve Reinharz, expressed excitement about collaborating with ECAMSECURE, a leader in portable security systems. The Virtual Gate Guard enhances security and reduces costs compared to traditional guards. ISC West expects over 30,000 attendees and 1,000 exhibitors, highlighting RAD's presence.

With features like 180° vision and advanced access control, the unit targets logistics, storage, and corporate sectors.

Detroit, Michigan, March 27, 2023 - Artificial Intelligence Technology Solutions announced the deployment of RAD's ROSS software at The Rosenbaum Yeshiva of North Jersey, enabling existing legacy security cameras to utilize advanced AI analytics. Four RAD ROSA units will complement the system, enhancing security with features like firearm, human, and vehicle detection.

The ROSS solution is priced at approximately $10 per channel per month, making it accessible for various facilities. RAD aims to redefine security services, targeting significant cost savings of 35%-80% compared to traditional methods. A growing sales pipeline includes over 35 Fortune 500 companies.

Artificial Intelligence Technology Solutions (AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), has secured a contract with HPS, benefiting over 4,300 members across 33 states. This contract allows members to enhance safety and security through RAD's AI-powered security robots, offering potential savings of up to 80% on security expenses. AITX is redefining the $25 billion security industry with its Solutions-as-a-Service model, aiming at a cost reduction of 35%-80% compared to traditional security methods. RAD also has a sales pipeline including 35 Fortune 500 companies, indicating promising revenue potential.

Artificial Intelligence Technology Solutions has successfully deployed two ROSA security robots at a major automotive client's facility, significantly reducing incidents of trespassing and vehicle theft. The Fortune 500 manufacturer has reported no major trespassing since the deployment. RAD's Chief Security Officer highlighted this as a major accomplishment, indicating potential for expanded deployment across their facilities. With over 35 Fortune 500 prospects in the pipeline, RAD aims to capitalize on these successes to demonstrate the effectiveness of AI-driven security solutions, ultimately enhancing their recurring revenue stream.

Artificial Intelligence Technology Solutions (OTCPK: AITX) announced a partnership with Centralized Vision to enhance security response using AI-driven alerts from 39 RAD security robots. Currently, Centralized Vision has 37 trained operators responding to security breaches autonomously. The companies have successfully conducted multiple intercessions with no contract cancellations. Looking ahead, they expect to deploy 60 additional RAD devices across various sectors, including property management and education. This collaboration aims to redefine the $25 billion security services industry, promising significant cost savings for clients by up to 80%.

Artificial Intelligence Technology Solutions (OTCPK: AITX) announced the deployment of ROSA security robots to a major regional hospital group with over 600 locations. This installation features eight dual-unit ROSA-P devices, leveraging existing light poles for power. The innovative RAD Light My Way platform, crucial to the client’s decision, addresses safety concerns in parking areas, where many incidents occur. CEO Steve Reinharz emphasized the profound impact of this deployment, marking it as their largest to date, aimed at enhancing security for healthcare workers and showcasing the effectiveness of their AI-driven solutions.

Artificial Intelligence Technology Solutions (AITX), through its subsidiary Robotic Assistance Devices (RAD), has signed a partnership with DK Security, a prominent Michigan-based security company. Established in 1995, DK Security provides a range of security services to over 400 clients. This collaboration aims to leverage RAD's AI-driven solutions, enhancing DK Security’s service offerings. RAD’s ROSA device, known for its rapid deployment and robust capabilities, is expected to bolster DK Security's operations. With a strong dealer network and a potential sales pipeline including Fortune 500 companies, AITX aims to capitalize on the growing demand for cost-effective security solutions.