Artificial Intelligence Techno Stock Price, News & Analysis

Artificial Intelligence Technology Solutions (OTCPK: AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), has secured an order for 5 security robots from a major global logistics firm. Valued in the low six figures, this order enhances the client's total to 44 RAD devices. The client, an existing Fortune 500 partner, is expanding its security solutions. RAD's technology aims to address labor shortages and e-commerce demands in the logistics sector, projected to grow significantly by 2030. AITX is also pursuing uplisting to OTCQB.

Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) is optimistic about achieving profitability within 24 months, mainly through its subsidiary, Robotic Assistance Devices (RAD). RAD reports 114 devices on backorder with expectations to exceed 300 new customer orders this fiscal quarter, ending August 31, 2022. Projections indicate 700 to 1,200 units will be on order by February 28, 2023. CEO Steve Reinharz anticipates operational cash flow break-even upon deploying 1,000 to 1,400 units. AITX has also filed for uplisting to OTCQB.

Artificial Intelligence Technology Solutions (AITX) announced that its subsidiary Robotic Assistance Devices (RAD) received an order for two ROSA security robots from a dealer partner. The robots will be used in two convenience store chains to enhance security by detecting and deterring trespassing and loitering. RAD's CEO highlighted the continued success in deploying multiple units, indicating strong demand in small retail markets. Additionally, AITX has filed for uplisting to the OTCQB, with further updates expected.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) will host an Investor Open House and Press Event on July 18, 2022, at its manufacturing facility, the REX, in Ferndale, Michigan. The event aims to showcase the Company’s innovative safety and security solutions, following a successful firearm detection event in New York City. Attendees can register online. During the event, live demonstrations of RAD's technology will occur, including the ROSA and AVA systems. AITX is also pursuing uplisting to OTCQB and will provide updates on this status.

Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) announced the release of a video showcasing its firearm detection technology during the 'Being Proactive Against an Active Shooter' event held on June 30 in New York City. RAD's AI-driven technology aims to enhance security across various venues, including schools and commercial buildings. The system detects firearms and initiates lockdown procedures autonomously. AITX has also filed for uplisting to the OTCQB, with future updates expected on the application status.

On July 5, 2022, Artificial Intelligence Technology Solutions, Inc. (AITX) announced that its subsidiary Robotic Assistance Devices, Inc. (RAD) achieved a record 85 unit orders in June 2022, marking its best month ever. This success is attributed to enhanced sales efforts and heightened demand from top-tier clients. AITX plans to file for listing on the OTCQB shortly after its year-end 2022 10-K. RAD's innovative products include ROSA, AVA, SCOT, and ROAMEO, all designed to improve security operations and reduce costs.

Artificial Intelligence Technology Solutions (OTCPK: AITX) announced a significant agreement with a Fortune 50 client in the transportation and e-commerce sector. The deal involves deploying 12 ROSA security robots and 1 ROAMEO mobile robot at two facilities to enhance security measures amidst rising trespassing incidents. The deployment is scheduled for July 2022. This marks a record intake of 85 units ordered in June, highlighting RAD's growing client base, including prominent names in logistics and distribution. Additionally, AITX has filed for uplisting to the OTCQB.

Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) plans to launch a non-fungible token (NFT) program featuring its security robot ROSA. The digital artwork for the NFT was created in-house, aiming to celebrate ROSA as a unique product. CEO Steve Reinharz expressed excitement about the initiative, which may facilitate new funding strategies without traditional capital avenues. The NFT market saw over $17 billion in sales in 2021, with collectibles leading the category. AITX has also applied for uplisting to OTCQB, with future updates expected.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced an article by CEO Steve Reinharz advocating for AI technology in schools to enhance security measures. The piece emphasizes the necessity for local investments to deter and respond to potential threats, especially regarding active shooter situations. Reinharz will also host a panel discussing firearm detection technology on June 30, 2022, in New York. Furthermore, AITX is in the process of applying for uplisting to the OTCQB, with future updates planned about its status.