Welcome to our dedicated page for Artificial Intelligence Techno news (Ticker: AITX), a resource for investors and traders seeking the latest updates and insights on Artificial Intelligence Techno stock.
Artificial Intelligence Technology Solutions, Inc. develops AI-driven security and productivity solutions through subsidiaries including Robotic Assistance Devices, Inc. The company’s updates commonly cover autonomous security devices such as RIO, RIO Mini, ROSA, AVA, ROAMEO, RADCam and related platforms, along with SARA, its Speaking Autonomous Responsive Agent software.
AITX news frequently addresses customer deployments, product demonstrations, industry conferences, recurring monthly revenue, enterprise sales activity and financial reporting. Reported end markets include construction, data centers, hospitality, government, transportation, critical infrastructure, education, healthcare and residential security.
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.
Summary not available.
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.
Artificial Intelligence Technology Solutions (AITX) announced a significant order from a leading attractions industry operator through its subsidiary, Robotic Assistance Devices (RAD). This marks RAD's first deployment into the attractions sector, comprising 25 units including ROAMEO mobile security robots and ROSA180 stationary devices. CEO Steve Reinharz highlights the potential for industry expansion and high visibility of the deployment. The end user will be disclosed in the coming weeks, with expectations for further marketing collaboration.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) has filed its quarterly report for the period ended August 31, 2021, revealing significant growth in sales and revenues. Key highlights include a 69% increase in device subscription revenues and an impressive 404% rise in total revenues year-over-year. The company has effectively reduced its dilutive financial instruments and significantly increased its inventory and R&D spending. Additionally, AITX announced its new RAD 3.0 device lineup, enhancing its product offerings in the AI-driven security industry.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) will unveil its RAD 3.0 product lineup during an Investors Open House on October 13, 2021. This event will be live-streamed at 4 PM ET from RAD's facility near Detroit. Key highlights include the introduction of the upgraded ROSA 3.0 and AVA 3.0 devices, as well as a new RADPak Mini component aimed at enhancing performance and reducing costs. The announcement underscores AITX's innovation in the security solutions market, aiming to attract investors and clients alike.