Artificial Intelligence Techno Stock Price, News & Analysis

Artificial Intelligence Technology Solutions, Inc. (AITX) announced an updated Board of Advisors for its subsidiary, Robotic Assistance Devices (RAD). The restructured Board includes 28 experts from security, law enforcement, and technology sectors. Under Chairman Jeffrey Slotnick, the Board aims to enhance RAD's strategic direction and market penetration, facilitating growth and operational advice. The inaugural meeting is set for early October. AITX is known for its AI-driven solutions that reduce security costs while improving effectiveness across various industries.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that its subsidiary, Robotic Assistance Devices Inc. (RAD), received a follow-up order from its largest dealer for two additional RAD units. This order comes less than a month after a pilot program deployment of 17 units with a global retailer. CEO Steve Reinharz sees this as a strong validation of RAD's solutions, while President Mark Folmer emphasizes the team's commitment to client satisfaction. The RAD offerings include ROSA180, a versatile AI-driven security solution.

Artificial Intelligence Technology Solutions, Inc. (AITX) announced that its subsidiary Robotic Assistance Devices Inc. (RAD) has updated its business description, revealing critical metrics about its operations. RAD currently employs 65 staff members and has deployed 139 units across the USA and Europe, with an additional 64 units pending. The company boasts 30 paying customers, including three of the Top 25 Global corporations. Their sales pipeline shows over 350 opportunities, and a new product, 'RAD 3.0,' is set for launch in October 2021, aimed at enhancing sales efficiency.

Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) announced receiving orders for 12 units from its subsidiary, Robotic Assistance Devices (RAD). CEO Steve Reinharz highlighted a strong sales mix from both dealers and end-users, indicating a healthy demand for RAD's solutions, including 8 ROSA180 units and 6 Wally HSO solutions for a key client. The orders reflect a growing trend toward integrated guarding amid a labor shortage, which RAD addresses with cost-effective robotics. Expectations are set for future press releases detailing high-profile deployments.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) has filed a Form S-3 with the SEC to raise up to $30 million over the next 36 months. The company plans to allocate 350 million shares for this purpose, representing approximately 8.75% of existing outstanding shares. This funding aims to bolster working capital, capital expenditures, and general corporate needs. CEO Steve Reinharz indicated that the raised capital would support ongoing operational plans and potential acquisitions, ensuring continued sales growth and business progress.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced the shipment of its one-hundredth ROSA device by its subsidiary, Robotic Assistance Devices Inc. (RAD). CEO Steve Reinharz expressed satisfaction with the exponential growth in ROSA's demand, attributing it to relocating production to Detroit. The company plans to unveil the RAD 3.0 lineup next month, featuring a reengineered ROSA180 with improved functionalities. RAD's AI-driven solutions, including human detection and live video streaming, are aimed at reducing security costs for enterprise clients.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) filed a Form 8-K with the SEC, indicating that Series F preferred convertible shares cannot be converted to common shares for a minimum of two years. CEO Steve Reinharz expressed satisfaction in eliminating the risk of common share dilution from preferred shareholders. AITX, through its subsidiary Robotic Assistance Devices, aims to revolutionize the $25 billion security industry with AI-driven solutions that promise cost savings of 35%-80% compared to traditional manned security services.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), has signed a dealer agreement with BSN Security LLC, Arizona’s largest family-owned security firm. This partnership enables BSN Security to offer RAD's autonomous security solutions, addressing increasing theft in construction sites. Specific financial details of the agreement were not disclosed, but BSN Security anticipates immediate orders for RAD's products. Notably, RAD's ROSA180 unit is gaining traction for its cost-effectiveness and rapid deployment capabilities.