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) has announced a partnership with EAGL Technology to integrate its Gunshot Detection System (GDS) into all Robotic Assistance Devices (RAD). This GDS technology, leveraging patented FireFly® sensors, will enhance RAD's mobile and stationary security solutions, addressing rising demand across sectors such as law enforcement and retail. The global gunshot detection market is projected to grow from $1.41 billion in 2019 to $8 billion by 2027. Pricing details for the new integration have not been disclosed.
Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) has announced a 10-year lease for a new 30,000 SqFt facility in Royal Oak Township, Michigan, to support the expansion of its subsidiary, Robotic Assistance Devices (RAD). Set to take possession on May 1, the new location will host manufacturing, assembly, testing, and shipping operations previously based in California. The move aims to enhance operations with a larger space, create approximately 75 local jobs, and establish a testing track for mobile devices and drones.
Artificial Intelligence Technology Solutions (OTCPK: AITX) announced a case study showcasing its subsidiary Robotic Assistance Devices (RAD) success with Citrus Construction, part of The Richman Group. The study reports significant cost savings and a reduction in crime on job sites due to the deployment of RAD’s ROSA security robots, which outperform traditional guards. The Richman Group intends to share these results across its managed properties, highlighting the potential for RAD's solutions within the $1.36 trillion U.S. construction market.
Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) announced a partnership between its subsidiary Robotic Assistance Devices (RAD) and DSI Security Services, a top security firm with over 4,500 employees and $100 million in annual revenue. The agreement allows DSI to offer RAD’s autonomous security solutions to its clients, enhancing DSI's service portfolio. While specific financial terms were undisclosed, both companies anticipate unique deployments of RAD’s technology in the future, marking a significant step in RAD’s growth within the security industry.
Artificial Intelligence Technology Solutions (OTCPK: AITX) announced the launch of its subsidiary's 'QuickShip' order process, designed for quicker delivery using enhanced procurement systems at its new manufacturing facility in Irvine, California. The initiative has been well-received, with two clients already benefiting and placing subsequent orders. RAD plans a large-scale manufacturing expansion due to rising demand for its entry-level devices. QuickShip currently caters to ROSA units, with AVA and Wally expected to join soon.
Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) announced a partnership between its subsidiary Robotic Assistance Devices (RAD) and St. Moritz Security Services, a top security firm in North America. This agreement will enable St. Moritz to offer RAD’s autonomous remote security solutions, such as the ROSA and AVA units, enhancing their service portfolio. St. Moritz reported over $100 million in annual revenue in 2019 and will deploy these solutions at distribution centers for a nationwide furniture retailer. Further details will follow in future announcements.
Artificial Intelligence Technology Solutions (OTCPK: AITX) announced a significant order from a Fortune 10 global tech company through a Fortune 500 logistics client. The order includes seven units: four AVA devices for vehicle access control and three Wally units for monitoring personnel at a one-million square foot distribution center. These units are expected to boost Q1 revenue as they will be delivered within 60 days. Additionally, an earlier order for two Wally HSO units brings total orders to eleven for a Fortune 500 client, signaling growing demand for AITX's robotics solutions.
Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) has announced a record nine-unit order for its Wally HSO solution from a Fortune 500 client, with the end-user being a Fortune 50 global company. Seven units are already confirmed, with two expected shortly. This order marks the highest dollar value order in RAD's history and is likely to positively impact Q1 revenue and earnings. Additionally, further orders and dealer activities are anticipated, demonstrating growing demand for RAD's solutions in safety screening operations.
Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) announced favorable sales activity from its subsidiary, Robotic Assistance Devices (RAD), as 2021 begins. RAD has confirmed reorders for two additional ROSA units from a large construction company, signaling strong demand in that sector. Additionally, RAD received an AVA order aimed at the logistics industry, enhancing efficiency. The company signed two new dealers and is expanding into Europe, marking significant growth. CEO Steve Reinharz expects to close the fiscal year with increased gross revenue compared to the previous year.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), has secured a purchase agreement with Civitas PSG, a major security company in Romania, for two RAD devices. CEO Rene Pasculescu expressed enthusiasm about the interest generated and potential future orders. The RAD SCOT and ROSA units, which provide autonomous security functions, are expected to be delivered within 60–90 days. This partnership marks RAD's entry into the EU market, indicating strategic expansion.