Artificial Intelligence Techno Stock Price, News & Analysis

Artificial Intelligence Technology Solutions (OTCPK: AITX) reported significant developments in its Q2 fiscal year 2023 results, highlighting an impressive 85% year-over-year increase in subscription revenue, totaling $228,145. The company achieved a stable 87% gross profit margin and eliminated 955 million warrants, enhancing stock value for shareholders. Additionally, AITX generated approximately $4M in share proceeds and plans to raise another $4M to $6M for growth and debt reduction. The company is expanding its innovative security solutions and aims for an OTCQB up listing.

Artificial Intelligence Technology Solutions (OTCPK: AITX) announced 33 new device orders via its subsidiary, Robotic Assistance Devices (RAD), since the last update, including 28 ROSAs and 5 TOMs for four clients. One dealer is deploying 26 ROSAs at a distribution center, while an existing client is adding five TOM units. RAD's sales pipeline includes over 35 Fortune 500 companies, indicating potential for recurring revenue. AITX is also pursuing uplisting to the OTCQB, with further announcements expected soon.

Artificial Intelligence Technology Solutions, Inc. (AITX) reports success with its AVA technology through its dealer, St. Moritz Security Services. This partnership highlights a growing demand for cost-effective security solutions in gated communities. St. Moritz placed its fifth AVA order, supporting five communities with deployments. The technology, recognized with a 2022 award for Access Control, offers advanced visibility and security at a lower cost. AITX's sales pipeline includes over 35 Fortune 500 companies, and the company is pursuing uplisting to the OTCQB.

Artificial Intelligence Technology Solutions (OTCPK: AITX) will host an Investor and Technology Open House on December 7, 2022, at its Ferndale, Michigan facility. CEO Steve Reinharz highlighted the significance of showcasing recent developments from its subsidiaries RAD, RAD-M, and RAD-G, including a live demonstration of the RADDOG robot. The event, which can also be viewed via livestream, aims to engage investors and media, further enhancing AITX's visibility in the market. The company also plans to pursue an OTCQB uplisting.

Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) announced an order for a ROSA security robot from its subsidiary, Robotic Assistance Devices, Inc. (RAD), through CBRE and Grainger for a Fortune 500 client. Mark Folmer, President at RAD, emphasized that this order signifies increasing adoption of RAD's technology among large enterprises.

RAD's focus on cost-effective security solutions is timely, especially as companies seek automation amid economic uncertainty. With a robust sales pipeline of over 35 Fortune 500 clients, RAD anticipates ongoing business growth. The parent company, AITX, has filed for uplisting to OTCQB.

Artificial Intelligence Technology Solutions announced that its subsidiary, Robotic Assistance Devices Group (RAD-G), is launching OEM system-level components for new market penetration. Ravi Gade has been appointed as RAD-G's OEM Program Director to lead these efforts. The initial product, RADPack Millie, is a high-performance FPGA aimed at the EV charging station sector, enhancing security through integrated solutions. RAD-G plans to offer affordable components to charging station manufacturers. AITX is also pursuing an uplisting to the OTCQB.

Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) announced the shipment of its first ROSA security robot as part of the Bailey’s Gift campaign, which aims to enhance school safety. The initiative provides at least 10 ROSA units, equipped with firearm detection capabilities, at no cost to underfunded K-12 schools in the U.S., selected in collaboration with school security advocates. Avondale High School in Michigan is the first recipient. AITX's market research indicates over 100,000 schools could benefit from this technology.

Artificial Intelligence Technology Solutions (AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), secured orders for 15 security devices from two new and four existing dealers post their participation at a trade show. The ordered devices include 11 RIOs, 2 ROSAs, and 2 AVAs. RAD's offerings address current security staffing issues and the growing demand for tech solutions in the industry. Additionally, AITX has filed for uplisting to the OTCQB, with further announcements expected on dealer signings and sales updates.

Artificial Intelligence Technology Solutions (OTCPK:AITX) announced significant pre-order commitments for RIO, their new solar-powered security solution, with thirty units pre-ordered. RIO is based on the award-winning ROSA robot and offers advanced functionalities at a competitive price. The product was well-received at GSX 2022, leading to an extension of the pre-order program. RAD, a subsidiary of AITX, aims to boost recurring revenue, while the parent company is pursuing an OTCQB uplisting.