Artificial Intelligence Techno Stock Price, News & Analysis

Artificial Intelligence Technology Solutions, Inc. (AITX) announced a significant increase in sales activity for its subsidiary, Robotic Assistance Devices, Inc. (RAD). The company reported its largest sales week recently, with two new dealer signings and orders for six RAD units. Notable orders include two AVA devices from a global retail clothing firm and two ROSA units for a California property management company. AITX's President indicated that these developments confirm the effectiveness of their sales strategies, projecting continued momentum into Q4.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced an order from Civitas PSG, a major security firm in Romania, for the ROAMEO 2.0 security robot. This marks RAD's first deployment of ROAMEO in Europe, following a previous Letter of Intent for up to three units. The order highlights a successful promotional tour for ROAMEO, which was showcased at major events like the IAAPA Expo. CEO Steve Reinharz emphasized that this order will broaden RAD's market exposure and future opportunities.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that its subsidiary, Robotic Assistance Devices Inc. (RAD), won the 2021 AST ‘ASTORS’ Award for its security robot ROSA. Recognized for Best Robotic Perimeter Protection and Motion Detection Solution, this award reflects RAD's innovative technology in autonomous security. CEO Steve Reinharz emphasized the growing industry recognition and customer interest in ROSA, which features AI-driven security analytics and rapid deployment capabilities.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that its subsidiary Robotic Assistance Devices Inc. (RAD) received orders for 14 units of its ROSA security device from clients in the property management and construction sectors. These units are expected to be deployed within six weeks and are the newly released ROSA 3.0 models. AITX's CEO, Steve Reinharz, described the orders as indicative of the growing adoption of RAD's technology, further emphasizing the momentum in the robotics and AI security market.

Artificial Intelligence Technology Solutions, Inc. (AITX) announced its subsidiary, Robotic Assistance Devices Inc. (RAD), has received an order for 20 ROAMEO 2.0 units. This follows a Letter of Intent from a dealer, with the first unit to be deployed at a Hollywood studio. The ROAMEO was well-received at the recent NCS4 Conference in Phoenix, Arizona, and will appear at the IAAPA Expo starting November 16. AITX aims to address the labor shortage in security services with AI-driven robotic solutions, enhancing operational efficiency and reducing costs.

Artificial Intelligence Technology Solutions, Inc. (AITX) announces the launch of its Device Placement System (DPS) smartphone app through its subsidiary Robotic Assistance Devices (RAD), now available on Apple iOS and Android. This app offers augmented reality for precise placement of RAD security devices, enhancing sales processes for dealers and users. The app incorporates gamification elements, rewarding community engagement and lead generation. CEO Steve Reinharz emphasizes its uniqueness and the potential market impact within the $100 billion security industry.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that its subsidiary, Robotic Assistance Devices Inc. (RAD), secured an order from a top U.S. electric utility for two security devices: an Autonomous Verified Access (AVA) and a Responsive Operating Security Agent (ROSA). This client manages a significant electricity transmission system, delivering power to over five million customers. RAD's technology is poised to enhance physical security at power stations, addressing vulnerabilities in the nation's power grid.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) has raised its revenue guidance for fiscal Q3 ending November 30, 2021, anticipating over $1 million in total revenue. The company projects over $80,000 in recurring monthly revenue (RMR) and expects to surpass $100,000 by the end of November. Non-recurring revenue is estimated between $550K-$600K in Q3 FY 2022, marking a 250%-310% growth compared to Q3 FY 2021. AITX also aims for its strongest cash position to date, driven by a robust sales pipeline and the upcoming launch of RAD 3.0 products.