Artificial Intelligence Technology Solutions Inc.

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Artificial Intelligence Technology Solutions, Inc. engages in the provision of artificial intelligence (AI) solutions. It focuses on delivering AI driven technologies, paired with multi-use hardware and supported by custom software and cloud services, to intelligently automate and integrate security, concierge and operational tasks. The company was founded by John B. Crawford on March 25, 2010 and is headquartered in Ferndale, MI.

Company Closing the Gap to Achieve $10 Million+ in Annual Recurring Revenue Run Rate by End of Fiscal Year Detroit, Michigan, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the "Company") (OTCPK:AITX), a global leader in AI-driven security and productivity solutions, along with its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD), is pleased to announce that its second quarter of FY 2025 marked its best quarter to date for order intake.

AITX's RAD Reports Record Order Intake for Q2 FY 2025

The Company Expects Core RAD Inc. Revenue to be Greater Than Operational Expenses in September Detroit, Michigan, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the "Company") ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients, is proud to announce that its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD), expects that in September 2024 it can be considered operationally profitable when comparing core operational costs against revenues invoiced that month. Specifically, AITX and its four subsidiaries have an approximated monthly payroll and health insurance cost of $630,000.

AITX's RAD Announces Operational Cash Flow Positivity

Innovative Talking Camera Integrates AI-Powered Communication, Setting New Standards for Home Security Solutions

AITX's RAD-R Set to Launch RADCam Pre-Orders in Mid-September, Pioneering the Next Evolution in Residential Security

Deployments to Begin this Month Detroit, Michigan, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) ( OTCPK:AITX ), is pleased to announce that it has received anticipated purchase orders for 53 RIO ™ units from a major Fortune 500 client (the “Units”). These orders were previously announced, as expected, in a July 23, 2024 press release.

AITX's RAD Receives Anticipated Purchase Orders for 53 RIO Units

RAD's Fiscal Year 3rd Quarter Order Intake on Track to be Record Breaking Detroit, Michigan, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), is pleased to share it has been told it will receive an additional 15 sites for RIO device placement. The design for each site has been completed and it is expected the 15 sites will use an additional 52 RIO ™ solar-powered security trailers which will total nearly $1 million in annual recurring revenue (ARR) and over $1 million annual recurring revenue when additional remote monitoring contract fees are included.

AITX's RAD On Track to Break $10 Million Annual Recurring Revenue Run Rate this Fiscal Year

From the Pitcher's Mound to the Hearts of Fans, RADDOG Brings Advanced Tech and Warm Smiles to the Junior League World Series

RADDOG from AITX's RAD Captures Fans' Hearts During Appearance and ESPN+ Broadcast at Junior League World Series

Multiple ROSA and RIO Order Increases Momentum in this Market Detroit, Michigan, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) ( OTCPK:AITX ), has received an order for 6 devices, specifically 2 stationary ROSA™ units and 4 portable RIO™ 360 solar-powered security towers. The client for these initial 6 devices is a major operator in the solar farm industry.

AITX's RAD Sales Announcement Shows Further Solar Farm Market Penetration

RAD Refines Marketing and Messaging, on a Mission to Save Clients $1 Billion with Cutting-Edge Security Solutions

AITX's RAD Projects $10M in Guarding Cost Savings for August

Detroit, Michigan, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) ( OTCPK:AITX ), is pleased to announce that it has been recognized by Frost & Sullivan with the 2024 Technology Innovation Leadership Award. This prestigious accolade acknowledges the revolutionary impact of RAD's innovative solutions within the autonomous robotics industry.

AITX's RAD Honored with Frost & Sullivan's Best Practices Award for Technical Innovation Leadership in the Global Autonomous Robots Industry

Detroit, Michigan, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions Inc. (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions, today announced updated revenue guidance for its upcoming RADCam product, developed by wholly owned subsidiary RAD Residential, Inc. (RAD-R). This advanced residential and small business security solution is set to redefine market standards, potentially outpacing legacy competitors such as Arlo®1, Ring®2, and Nest™ 3 with cutting-edge features and technology.

AITX Updates RADCam™ Revenue Guidance, Positioning for Market Leadership Over Legacy Competitors

Strong Revenue Growth and Strategic Investments Position AITX for Continued Success Throughout FY 2025 Detroit, Michigan, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the "Company") ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients, is pleased to announce its forecast for the fiscal year ending February 28, 2025, with projections for the current fiscal year. FY 2025 Revenue Projections For fiscal year 2025, which will close February 28, 2025, the Company anticipates a significant increase in total revenues, projecting between $5.5 million and $6.5 million, excluding contributions from RADCam™.

AITX Forecasts Approximately 300% Revenue Growth for FY 2025

Detroit, Michigan, July 30, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), is pleased to announce the first of many expected contract renewals from one of RAD's largest clients. This first renewal is for two RIO ™ units deployed last year. This client, who already has many RIO units deployed, continues to expand their use of RAD's innovative security solutions even as they continue to expand their systems.

AITX's RAD Receives Multiple RIO Contract Renewal from Large Client

Detroit, Michigan, July 23, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), is thrilled to announce the imminent expansion of a substantial nationwide deployment. RAD is gearing up to build an additional 57 RIO ™ units, reflecting the strong demand and commitment from this highly esteemed Fortune 50 client.

AITX's RAD Anticipates $1 Million SaaS ARR Increase with New Fortune 50 Client Deployment

Detroit, Michigan, July 19, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients, is pleased to announce that a new equity financing agreement is expected to be in effect the week of July 22, 2024.

AITX Announces Significantly Improved Equity Financing Agreement

Topics Expected to be Discussed are Q1 Results, Fiscal Year Outlook, and New Solution Development Progress Detroit, Michigan, July 17, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions will be participating in an ‘Ask Me Anything' online session. The live discussion will be hosted by Eric Kemnitzer of the popular YouTube channel Buffalo Fireside Chats on Sunday, July 21, 2024, at 12 noon Eastern Time.

AITX's Steve Reinharz to Discuss Recent Developments During Upcoming ‘Ask Me Anything'

Company Achieves 312% Revenue Growth and Nearly Triples Market Value in Q1 FY2025 Detroit, Michigan, July 16, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced its financial results for the first quarter of fiscal year 2025, which ended on May 31, 2024. The Company reported a 312% increase in revenue over the prior year's quarter, reaching $1,182,800, and nearly tripled its market value to approximately $74.7 million.

AITX Announces Q1 FY2025 Financial Results in Latest 10-Q Filing, Exceptional Growth in Revenue and Market Value

Detroit, Michigan, July 15, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) ( OTCPK:AITX ), is pleased to announce that ZeroNow has welcomed RAD as an Industry Partner in its quest to bring the number of victims of school violence to zero.

AITX's RAD Joins ZeroNow as a Partner in Making Schools Safer

Detroit, Michigan, July 11, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) ( OTCPK:AITX ), is pleased to announce that it has secured an expansion order from a prominent healthcare provider ranked in the top 25 nationwide. This order builds on the initial deployment of RAD's RIO ™ 360 solar-powered security towers earlier this year.

AITX's RAD Receives RIO Expansion Order from Top 25 Healthcare Provider

Detroit, Michigan, July 10, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), has received an initial order of a RIO ™ 360 solar-powered security tower to be deployed at a Miami, Florida-based car dealership.

AITX's RAD Continues Its Penetration into Car Dealerships with RIO Order

Detroit, Michigan, July 05, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), today expressed strong support for Kansas Governor Laura Kelly's and Missouri Governor Mike Parson recent vetoes of legislation that would have limited school safety funding to a single company.

AITX's RAD Applauds Kansas and Missouri Governor's Commitment to Fair Competition in School Safety Funding

Initial Deployment of RIO Security Tower Marks the Beginning of Over 200 Potential Installations Across Multiple Locations

AITX's RAD Adds Another Fortune 100 Client with RIO Order

Deployments Slated for Decommissioned Schools in California Detroit, Michigan, July 02, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), has received an order for six RIO™ units from a recently signed dealer. This order will see the deployment of RAD's advanced, solar-powered security trailers at two decommissioned schools in California, enhancing security and monitoring of these premises.

AITX's RAD Receives Order for 6 RIO Units from Recently Signed Dealer

Strengthening Market Penetration Through 14 New Strategic Partners Detroit, Michigan, June 25, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), is proud to announce continued significant expansion of its distribution channel. RAD announces that over the past six months it has successfully expanded its distribution channel partners by 20%, further solidifying its access to clients, and positioning itself as a leader in the AI-driven security solutions market.

AITX's RAD Accelerates Expansion With 20% Growth of Channel Partners Over Six Months

Dublin, June 25, 2024 (GLOBE NEWSWIRE) -- The "Growth Opportunities in Email Security, Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. As the primary means of business communication, email is one of the main gateways for cybercrime and the primary vector of phishing attacks. Email can facilitate the spread of malware throughout an organization's network. Email security is a software platform that protects against malware and targeted cyberattacks, prevents access to inappropriate or unproductive content, and tracks and monitors communications for regulatory issues, compliance, and theft. An email security solution inspects incoming emails for malicious threats and secures outbound email traffic through encryption. Cloud email security has become essential as many organizations move to a cloud or hybrid email platform. Providers increasingly deliver email security solutions as a cloud or software-as-a-service (SaaS) product. The analysis examines the factors driving and restraining industry growth and identifies the growth opportunities emerging from this space for stakeholders. The base year is 2023, and the forecast period is 2024 to 2027. RESEARCH HIGHLIGHTS The email security industry analysis provides revenue breakdowns and forecasts by the following segments:

Email Security Market Analysis and Growth Opportunities Forecast to 2027 - Renewed Attack Methods and Artificial Intelligence Technology Developments Propel Growth Potential

Company Also Announces RMR Waiting Deployment of Over $125,000 Detroit, Michigan, June 17, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, is pleased to announce its unaudited operating revenue for the first quarter of fiscal year 2025 is 2.86 x greater than the same quarter in the prior fiscal year. The total unaudited revenue was $1,098,975 for Q1 FY 2025, ended May 31, 2024, compared to the same quarter, prior year revenue of $384,277.

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