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.

With RADDOG LE Gen2, RAD Further Leans into Law Enforcement Robotics Detroit, Michigan, March 21, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) ( OTCPK:AITX ), today announced that it began the early production stages for 100 units of its next generation RADDOG™ LE in January 2024. The ‘LE' version of RADDOG has been specifically designed and produced for law enforcement applications.

AITX's RAD Has Begun 100 Unit Robot Dog ‘RADDOG' LE Generation 2 Production Run

RADDOG LE Users in a New Era of Community Policing Detroit, Michigan, March 20, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), today announced that it has delivered a RADDOG LE to the Taylor, Michigan Police Department. The delivery of RADDOG LE to the Taylor Police Department marks a historic moment in the integration of technology within law enforcement.

AITX's RAD Makes History with First Robotic Dog Deployed to Taylor Police Department

Company Receives First Purchase Order for Newly Announced Access Control Solution Detroit, Michigan, March 13, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), today announced it received the first order for a solar-powered AVA ™ autonomous access control device. The end user is in the Oil & Gas industry and seeks to automate ingress and egress to remote areas in order to reduce manned guard service expense.

AITX's RAD Expands Further into Oil and Gas Industry with Solar-Powered AVA

Company Confirms August 2024 Timeframe Detroit, Michigan, March 12, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the "Company") ( OTCPK:AITX ), a leader in AI-driven security and productivity solutions, today reconfirmed its expected achievement of operational profitability by August 2024. This forecast aligns with the projections shared during the annual investor event in November 2023, signaling sustained momentum in the Company's growth trajectory.

AITX's RAD Updates Profitability and Financing Outlook

Momentum Building in 1 st Month of Fiscal Year Detroit, Michigan, March 07, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a wholly owned subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), is eagerly anticipating the opportunity to showcase its groundbreaking AI-powered security and safety solutions to diverse audiences at 2 upcoming regional conferences and one online webinar. From an exclusive IAHSS Great Lakes Chapter Meeting to the 2024 Healthcare Safety & Security Symposium, RAD is poised to present the transformative potential of its technology in shaping the future of security services.

AITX's RAD Expands Sales Outreach and Industry Visibility Leading Up to ISC West

55 RAD Devices Begin Billing Detroit, Michigan, March 05, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a wholly owned subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), is proud to announce that February, 2024 was the biggest month in RAD's history, in terms of devices that began invoicing. This milestone underscores RAD's continuing ability to grow revenues at an accelerating pace by increasing the number of devices billing month over month.

AITX's RAD Deploys Record Number of Devices in February

Discussion Items Included Company Performance, Points Related to the Stock and Other Material Items Detroit, Michigan, March 04, 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), completed an informative 'Ask Me Anything' (AMA) session for investors on March 3, 2024 that was hosted by Eric Kemnitzer of Buffalo Fireside Chats . The session is a regular part of AITX's efforts to keep the public up to date, engaged and informed regarding the Company.

AITX's RAD March 3, 2024 Investor ‘Ask Me Anything' Available Online

RAD Experiences Its Strongest Order Intake Year to Date Detroit, Michigan, Feb. 29, 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), has officially announced reaching a milestone of 400 device orders throughout its fiscal year, which concludes on February 29. With one additional day remaining before the fiscal year-end, RAD is poised to potentially surpass this significant achievement, further announcements are expected in the coming week.

AITX's Subsidiary RAD Surpasses 400 Unit Fiscal Year Order Intake Milestone

RIO Production Ramps Up as Demand Surges Detroit, Michigan, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) ( OTCPK:AITX ), today announced that it has begun production of 1000 units of the next generation (Gen 4) of its RIO ™ solar-powered, mobile security solution. Steve Reinharz, CEO/CTO of AITX and RAD commented, “Generation 4 of both RIO and ROSA has been a huge undertaking for the entire Company.

AITX's RAD Begins Production Run of 1000 Next Generation RIO Solar-Powered Security Towers

AITX Executives Steve Reinharz, Anthony Brenz, and Troy McCanna to Participate, hosted by Buffalo Fireside Chats

AITX To Discuss Exponential Growth During Upcoming ‘Ask Me Anything'

RAD Devices to be Equipped with the Ability to Detect and Potentially Thwart ATM Theft Detroit, Michigan, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) ( OTCPK:AITX ), today announced a significant addition to its suite of AI analytics. This innovation equips RAD's robotic security solutions with the capability to detect the rampant threat of Hook & Chain ATM attacks plaguing the banking industry.

AITX's RAD Announces ATM Hook & Chain Attack AI Analytic

Detroit, Michigan, Feb. 12, 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 a significant milestone achievement. Specifically, contracted (including deployed and contracted to-be-deployed) revenue derived from device rental (SaaS revenue) now surpasses $500,000 a month. For clarification, this milestone excludes revenue generated from installations, training, and remote monitoring services.

AITX's RAD January SaaS Revenue Up 383%; Contracts In-Hand Break $500K Recurring Monthly Revenue Milestone as Strong Growth Continues

City of Taylor, Michigan, Welcomes Its First RADDOG 2LE to the Police Force in Historic Move Detroit, Michigan, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), today announced that the Taylor City Council has officially approved the addition of a RADDOG™ 2LE to the Taylor Police Department. This marks a historic moment as the city integrates its first robotic quadruped into the municipal police force, and RAD celebrates its inaugural deployment of RADDOG to a municipal entity.

AITX's RAD Announces First Municipal RADDOG Adoption

Detroit, Michigan, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), is delighted to announce the surprise expansion of its relationship with its esteemed Fortune 50 client. Specifically, RAD received orders for additional 34 RIO ™ units, and encouragement from the client to continue to accelerate deployment as even more orders may be forthcoming. This new order expands the already robust partnership between RAD and the client, which has previously placed over 100 RIO orders, as well as setting expectations for continued rapid expansion.

AITX's RAD Announces that Major Order Arrives Ahead of Schedule from Fortune 50 Client

Detroit, Michigan, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) ( OTCPK:AITX ), is excited to announce the launch of 'SelectBlur', a standalone desktop application designed to enhance privacy and security when distributing and publicizing events captured on video. Set for immediate release, SelectBlur represents RAD's commitment to innovative, privacy-centric solutions in the security and surveillance industry.

AITX's RAD Announces SelectBlur, a Privacy-First Surveillance Video Processing Application

Detroit, Michigan, Jan. 29, 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 significant sales increases year over year. As of January 26, 2024, RAD has received orders that, when fully deployed, will produce approximately $258,000 in annual recurring revenue (ARR) compared to January 2023 when the Company's sales produced approximately $54,000 in annual recurring revenue.

AITX's RAD Announces Booked January Annual Recurring Revenue Up 476% Year Over Year

Detroit, Michigan, Jan. 22, 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 a significant new order from a dealer for a chain of Midwest grocery stores. This order marks a milestone in RAD's expansion into the retail sector, particularly in multi-location grocery environments.

AITX's RAD Receives Multi-Location Order from Midwest Grocery Chain Continuing Its Market Expansion

Detroit, Michigan, Jan. 17, 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 its latest financial results as highlighted in the 10-Q filing for the period ending November 30, 2023. The report showcases significant growth in Recurring Monthly Revenue (RMR) while managing a reduction in Selling, General, and Administrative (SG&A) expenses, alongside a strategic extension of debt maturity.

AITX Announces Strong Financial Growth with 2.7x Increase in Recurring Revenue, SG&A Expense Reduction and Debt Extensions in Latest 10-Q Filing

Detroit, Michigan, Jan. 09, 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 that it has completed a Master Services Agreement (“MSA”) from a large regional bank and received an expansion order of 6 ROSA™ security robots. The banking group has more than 800 branches with over $100 billion in assets.

AITX Inks Bank MSA & Receives a 6 Unit ROSA Expansion Order Through its Subsidiary Robotic Assistance Devices

Detroit, Michigan, Jan. 02, 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, today announced its sales forecast for the calendar year 2024, projecting substantial growth in annual recurring revenue. This forecast is based on calendar year 2023 results and is reliant on all orders being fully deployed and having client acceptance.

AITX Forecasts 2x to 4x Annual Recurring Revenue Sales Growth in Calendar 2024

Based on New Booked Orders and Committed Orders Putting AITX Over the $5 Million Milestone Detroit, Michigan, Dec. 21, 2023 (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), today announced that with the receipt of several expansion orders from existing clients, the Company anticipates passing the $5 million recurring annual revenue milestone upon all booked and anticipated orders being successfully deployed and accepted by the customers. This is as of December 20, 2023.

AITX Recurring Annual Revenue to Break $5 Million

Detroit, Michigan, Dec. 14, 2023 (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), today announced the signing of 5 new authorized dealers.

5 New Authorized Dealers Signed by AITX's Subsidiary Robotic Assistance Devices

Explanatory Note The press release we issued in the morning of December 12, 2023 inadvertently contained an error by incorrectly disclosing that Q3 2024 booked revenues were $151,000, when in fact that press release should have disclosed (as reflected in this new corrected press release below) that the Company in Q3 FY 2024 experienced 435% Order Growth year over year, which equated to $151,000 in additional recurring monthly revenue (“RMR”). AITX Q3 FY 2024 Sees 435% Order Growth Year Over Year Detroit, Michigan, Dec. 12, 2023 (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 their Q3 FY 2024 order intake results.

CORRECTED PRESS RELEASE FROM THE DECEMBER 12, 2023 PRESS RELEASE DISTRIBUTED TO THE PUBLIC IN THE MORNING OF DECEMBER 12, 2023.

Detroit, Michigan, Dec. 12, 2023 (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 their Q3 FY 2024 order intake results. These results indicate significant growth in device orders and Recurring Monthly Revenue (RMR) compared to the same period last year. These results also underscore the Company's continued progress in the AI-powered, security solutions market.

AITX Q3 FY 2024 Sees 435% Order Growth Year Over Year

Troy McCanna Promoted to New Dual Role Detroit, Michigan, Dec. 06, 2023 (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 the promotion of Troy McCanna from Vice President of Business Development to Senior Vice President of Revenue Operations. In this newly created and expanded role, McCanna will oversee all business development activities while continuing to serve as the RAD's Chief Security Officer (CSO).

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