Artificial Intelligence Techno Stock Price, News & Analysis

Artificial Intelligence Technology Solutions (OTCPK: AITX) announced that its subsidiary, Robotic Assistance Devices Inc. (RAD), won a prestigious design competition for its ROSA 3.x security robot. The award, managed by the Chicago Athenaeum Museum, recognizes innovative designs in various industries. CEO Steve Reinharz expressed pride in the recognition, highlighting the robot's blend of aesthetics and functionality. This award may increase industry attention towards the integration of design and technology in security solutions, positioning RAD as a leader in the evolving $25 billion security industry.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced significant progress by its subsidiary, Robotic Assistance Devices (RAD), in expanding its sales pipeline and dealer network. RAD has 280 units deployed and 250 on backorder, with a forecast for additional orders between 250 and 500 units in the next six months. With verbal commitments from 38 clients for over 200 devices, RAD expects to close these deals soon. The company also added two new dealers, increasing its total to 54, and aims to expand its development team by 15 members to enhance product offerings.

Artificial Intelligence Technology Solutions (AITX) has filed a Prospectus Supplement with the SEC detailing a $10 million purchase agreement with GHS Investment, LLC. This agreement allows for stock purchases over two years to support the company's growth plans. As of December 5, 2022, AITX's subsidiary, Robotic Assistance Devices (RAD), reported 280 units deployed and anticipates receiving orders for 250-800 additional units in the next year. The company also introduced several new products and aims to expand its workforce to enhance R&D capabilities.

Artificial Intelligence Technology Solutions (AITX) is set to host an Investor Open House and Technology Reveal on December 7, 2022, at its Ferndale, Michigan facility. The event, which is already at capacity for in-person attendees, will be livestreamed on AITX's YouTube channel at 4:30 PM ET. CEO Steve Reinharz will highlight new and enhanced RAD solutions, including RADDOG™, a security robot, and software updates like ROSS. AITX aims to transform the $25 billion security services industry with cost-effective, AI-driven solutions that could save clients 35% to 80% compared to traditional security methods.

Artificial Intelligence Technology Solutions Inc. (AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), won two 2022 AST ‘ASTORS’ Awards.

The awards were for RAD’s Firearm Detection AI analytic in Best Metal/Weapons Detection Solution and RAD Light My Way in Best Alert Notification System. Additionally, AITX's OEM client ECAMSECURE received recognition for its Virtual Gate Guard in Best Access Control & Authentication System category.

These honors highlight RAD's innovative contributions to the security industry, showcasing advancements in access control and safety solutions.

Artificial Intelligence Technology Solutions (OTCPK: AITX) announced that its ROSA security robot recorded a criminal assault at the Trinity Railway Express station in Texas on November 15, 2022. CEO Steve Reinharz testified at a hearing regarding the incident, emphasizing the importance of security solutions in deterring crime. The ROSA robot's capability of securely retaining video footage enhances its operational value. The Company also highlighted its SOC 2 compliance, indicating its commitment to data security and consumer privacy.

Artificial Intelligence Technology Solutions (OTCPK:AITX) announced the order of two ROAMEO mobile security robots by its subsidiary Robotic Assistance Devices (RAD) for a major utility company. One unit will be deployed at the corporate office, and the other at a field location, expected to be operational by summer 2023. The next-generation ROAMEO 3.0 offers improved speed and lower production costs. RAD has a robust sales pipeline, including over 35 Fortune 500 companies and plans to uplist to OTCQB.

Artificial Intelligence Technology Solutions (OTCPK:AITX) has expanded its dealer network to 52 authorized dealers with the addition of six new partners. These dealers enhance RAD's sales pipeline, enabling rapid response to customer security needs. The new dealers, from various locations including Canada and the U.S., are set to utilize RAD’s innovative security solutions like ROSA and AVA, which integrate advanced AI technologies. AITX aims to leverage this expanded network to reach end users and address upcoming economic challenges while promoting cost-effective security solutions.

Artificial Intelligence Technology Solutions (AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), received orders for five ROSA security robots and one AVA access control device from its largest authorized dealer. RAD's solutions are designed to reduce reliance on human guards, offering advanced security features. The orders cater to a small box retailer and a top utility company. Additionally, RAD is launching ROSA 3.1 with upgraded features and has a sales pipeline with over 35 Fortune 500 companies. AITX has filed for uplisting to the OTCQB.