Artificial Intelligence Techno Stock Price, News & Analysis

Artificial Intelligence Technology Solutions (AITX) is progressing toward achieving a $10 million annual recurring revenue (ARR) run rate by the end of fiscal year 2025 (February 28, 2025), which would represent a 3x growth from FY 2024's $3.4 million ARR. During Q3 FY 2025, RAD added $105,000 in recurring monthly revenue (RMR). The company's sales funnel expanded significantly, with potential RMR opportunities reaching $1.8 million.

The growth is driven by successful products including RIO (ROSA Independent Observatory), SARA (Speaking Autonomous Responsive Agent), and RADCam. The company aims to disrupt the $50 billion security and guarding services industry, offering cost savings of 35-80% compared to traditional security models through AI-driven Solutions-as-a-Service.

AITX's subsidiary RAD-R has launched a new 'Package Theft Prevention' feature for RADCam, making it the first residential security camera with proactive theft prevention capabilities. The system uses AI technology to monitor package deliveries, notify homeowners, and activate deterrence measures including verbal warnings and sirens when unauthorized removal is detected. The feature responds to a significant market need, as package theft affected approximately 119 million packages in 2023, causing $6 billion in losses. The system includes real-time warnings, instant audible alarms, owner authorization via voice passphrase or app, and AI-powered event capture for law enforcement support.

AITX and its subsidiary RAD-R have launched RADCam, an AI-powered talking residential security camera. Unlike traditional cameras, RADCam uses advanced AI for contextual interaction and can make S.O.S. service calls. The device is priced at $99 with a $10 monthly subscription, featuring a promotional launch price of $69 from November 22 to December 6, 2024. A three-camera bundle is available for $199.

RADCam offers proactive visitor engagement, intelligent event summaries, and AI-driven escalation capabilities. The system includes a 1080p HDR imager, IR illuminators, and mobile app integration for iOS and Android devices.

AITX and its subsidiary RAD have launched SARA™ (Speaking Autonomous Responsive Agent), an AI-driven software solution for security monitoring. SARA automates traditional Global Security Operations Center (GSOC) tasks using AIR™ (Autonomous Intelligent Response) technology, promising over 90% cost reduction compared to human-operated centers. Set for release in January 2025, SARA will be available as an upgrade for all RAD devices, offering automated assessment, engagement, and action execution traditionally performed by human operators. The solution provides instant scalability, precise incident escalation, and comprehensive reporting capabilities while integrating with existing infrastructure through RAD's Operations System Software (ROSS).

Artificial Intelligence Technology Solutions (AITX) and its subsidiary Robotic Assistance Devices (RAD) announced they will unveil a new AI-based security innovation called SARA on November 20, 2024. The technology promises to transform cost-efficiency and quality in security operations, targeting a significant market segment. The announcement will include video demonstrations and pricing details. RAD's CEO Steve Reinharz describes it as a pivotal moment that introduces a cost vs quality paradigm shift. The company aims to reduce security costs by 35%-80% compared to traditional manned guarding services, with a prospective sales pipeline including over 35 Fortune 500 companies.

Artificial Intelligence Technology Solutions (OTCPK:AITX) and its subsidiary Robotic Assistance Devices (RAD) announced the deployment of two ROSA™ security solutions in downtown St. Louis, featured by NBC affiliate KSDK. The AI-driven ROSAs are designed to address urban safety challenges, providing autonomous responses to city ordinance violations including loitering, narcotics trafficking, solicitation, and aggressive panhandling.

ROSA is a portable security solution featuring AI-driven analytics including human, firearm, and vehicle detection, license plate recognition, digital signage, and two-way communication. The system can be installed in 15 minutes and has proven successful in eliminating theft, trespassing, and loitering across various locations nationwide.

Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), has been featured in the November issue of CAM Magazine, published by the Construction Association of Michigan. The article highlights RAD's AI-powered security solutions for construction sites, including the RIO™ portable security tower, addressing challenges like theft, trespassing, and liability risks. With over 1,700 member companies, CAM's coverage emphasizes RAD's role in transforming construction site security through autonomous technologies. The feature follows RAD's hosting of CAM's 'Business After Hours' event in July, where industry professionals discussed security innovations.

Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), has achieved a significant milestone of surpassing 1,000 deployed and contracted security devices as of October 2024. This achievement marks RAD's transition from an industry disruptor to a mainstream security solution provider.

The company's growth is driven by its AI-driven security technologies, including RIO™, ROSA™, and AVA™ devices, which offer organizations cost-effective alternatives to traditional security measures. RAD's solutions provide businesses with cost savings of 35%-80% compared to conventional manned security services. The company maintains a strong sales pipeline, including over 35 Fortune 500 companies, and continues to expand its product offerings and channel partner network to meet growing demand.

Artificial Intelligence Technology Solutions (AITX) anticipates increased government focus on public safety and security measures, regardless of election outcomes. The company, through its subsidiary Robotic Assistance Devices (RAD), is positioned to support these initiatives with AI-driven security solutions that offer 35%-80% cost savings compared to traditional security services.

The Biden-Harris administration has already increased funding for crime prevention, including $100 million for Community Violence Intervention and $10 billion in American Rescue Plan funds dedicated to public safety. RAD's recent successful deployments in Downtown Cleveland demonstrate the growing demand for autonomous security solutions in public spaces.