Recent AITX News and Updates

AITX Announces Q1 FY 2025 Recurring Monthly Revenue Increase of 385% YoY, Announces First Ever Quarter of Over $1 Million in Total Revenue

Company Also Announces RMR Waiting Deployment of Over $125,000

Detroit, Michigan, June 17, 2024 – 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. This marks a significant milestone for the Company and its continued exponential growth.

“Achieving continuous, exponential growth is what we forecasted, and what we have delivered once again,” said Steve Reinharz, CEO/CTO of AITX. “Although we have smartly added some general expenses in sales, support and development, we remain committed to – and remain on track for – operational profitability this fiscal year. It’s important that we position ourselves to be a dominant player in the solar security tower market, support the launch of AIR™ in our Gen4 solutions, and prepare for the upcoming relaunch of ROAMEO™. I am pleased to say we are on track.”

The Company noted that over $125,000 in recurring monthly revenue (RMR), representing $375,000, in quarterly recurring revenue has yet to be deployed. “The transition to our Gen4 solutions could be another driving force for RAD this year. But even without Gen4 fully launched, we continue to receive re-orders from existing both large clients and smaller clients,” said Mark Folmer, CPP, PSP, FSyI, President of wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD).

Troy McCanna, RAD’s Chief Security Officer & Senior Vice President of Revenue Operations, expressed his enthusiasm about reaching these milestones, “We are absolutely thrilled that during one month during the first quarter we saw a staggering 385% year-over-year increase in RMR. Our clients’ enthusiastic adoption of RAD’s technology is a clear indicator that we are on the right track.”

McCanna continued, “Going forward, several clients have verbally confirmed orders, and we are awaiting those contracts before making the related announcements. I couldn’t be more excited about where our total sales for the fiscal year could end up.”

RMR is money earned from customers who pay for a subscription to a service or product. The Company’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

AITX, through its subsidiaries, Robotic Assistance Devices, Inc. (RAD), RAD-R, RAD-M and RAD-G is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume, becoming cash flow positive, ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s RAD-R Opens Applications for RADCam™ Beta Test Program

Join the Revolution: RADCam Beta Test Program Opens for Applications

Detroit, Michigan, June 13, 2024 – Artificial Intelligence Technology Solutions Inc. (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions, is excited to announce the launch of the Beta Test Program for RADCam, the first production home security camera from its subsidiary, RAD Residential Inc. (RAD-R). This innovative product is designed to re-imagine home security with the power of AITX’s proprietary Autonomous Intelligent Response (AIR™) technology.

RADCam is not just another home security camera; it is a groundbreaking solution that integrates AITX’s AIR technology. This “talking” security camera offers intelligent, human-like responses and real-time monitoring to ensure the highest level of security for homes. By leveraging advanced AI capabilities, RADCam can detect, analyze, and respond to potential threats autonomously, providing homeowners with unparalleled security and peace of mind.

Why Become a RADCam Beta Tester?

As a RADCam Beta Tester, you will have the unique opportunity to be among the first to experience the future of home security. Participants will:

  • Experience Cutting-Edge Technology: Get hands-on with RADCam’s innovative features, including real-time alerts, intelligent threat detection, and autonomous response capabilities.
  • Contribute to Product Development: Provide valuable feedback to help refine and enhance RADCam before its official release.
  • Enhance Your Home Security: Benefit from an advanced security system designed to protect your home and loved ones with proactive measures and intelligent responses.

How to Apply

Applications for the RADCam Beta Test Program are open to end-users across the United States. Interested participants can apply online at RADCam Beta Test Program Application Page. The selection process will consider various factors to ensure a diverse and representative group of testers.

Steve Reinharz, CEO of AITX and RAD-R, stated, “The launch of RADCam marks a significant milestone in our mission to redefine home security through advanced AI technology. By introducing this RADCam Beta Test Program, we are inviting end-users to be part of this exciting journey and help us shape the future of residential security. This moment not only represents a leap forward for our company but also stands as a defining moment in the 4th Industrial Revolution, where intelligent technology transforms everyday living into an experience of unprecedented safety and convenience.”

The Company noted that it anticipates the completion of RADCam’s development and production, with inventory expected to be in stock and ready for sale by November of this year. This strategic timing aims to capitalize on the busy holiday shopping season. However, this timeline is contingent upon the progression of development efforts and may be subject to change based on unforeseen factors.

Don’t miss the chance to be at the forefront of home security innovation. Apply now to join the RADCam Beta Test Program and contribute to the future of AI-driven home security.

AITX, through its subsidiaries, Robotic Assistance Devices, Inc. (RAD), RAD-R, RAD-M and RAD-G is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s RAD Retail Center Client Praises Security Enhancements with RIO for Reducing Crime and Costs

New Case Study Unveils Artificial Intelligence’s Ability for Dramatic Reductions in Crime and Costs, Revealing a 75% Reduction in Crime at Retail Properties

Detroit, Michigan, June 11, 2024 Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is pleased to announce the publication of a new case study showcasing the transformative impact of RAD’s RIO™ and ROSA™ units on retail center security. The deployment of these artificial intelligence driven security solutions has significantly enhanced safety and operational efficiency for a regional retail property management company overseeing several retail strip centers in the Midwest and central states.

The case study can be accessed via the RAD website at –
https://radsecurity.com/transforming-retail-center-security-with-rads-rio-and-rosa-units/

The case study highlights how the implementation of 7 RAD RIO™ 360 units and 5 standalone RAD ROSA™ devices has addressed key security challenges, including frequent dumpster diving, high levels of solicitation and loitering, and numerous car break-ins. The RAD units’ AI-driven analytics, high-resolution cameras, and autonomous intelligent response capabilities have provided comprehensive surveillance and effective deterrence, leading to a 75% reduction in car break-ins at one location, plus cost savings across all locations.

Nate Zoellner, Executive Vice President Security Solutions at American Security and Investigations, commented on the success of the deployment: “Implementing RAD’s RIO and ROSA devices has been a game-changer for us. These advanced security solutions have enabled us to capture this key retail property management client, displacing the existing security guarding company.”

Mark Folmer, CPP, PSP, FSyI, President of RAD, expressed his enthusiasm for the widespread acceptance of RAD’s technology: “We are thrilled to see how our dealer, Hudson Services, the property management company, the retail tenants, and local law enforcement have all embraced this new paradigm of security technology. The collaborative effort and positive feedback from all parties involved demonstrate the significant impact of our solutions in creating safer and more secure environments. This case study underscores our commitment to delivering innovative and effective security solutions that meet the evolving needs of our clients.”

Sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published six Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at retail centers, hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiaries, Robotic Assistance Devices, Inc. (RAD), RAD-R, RAD-M and RAD-G is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

RIO Takes Center Stage with RAD’s Security Solution Shining at CMA Fest

Seamless Performance and Real-Time, Intelligent Surveillance Keep Attendees Safe

Detroit, Michigan, June 10, 2024 – Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is thrilled to announce the successful deployment of 4 RAD RIO (ROSA Independent Observatory) solar-powered mobile surveillance units (MSU) during the 2024 CMA Fest in Nashville, Tennessee. 

The CMA Fest, one of the most significant country music events in the world, saw tens of thousands of fans flock to Nashville for an unforgettable weekend of music and entertainment. Ensuring the safety and security of such a large gathering is always a top priority, and this year, RIO played a crucial role in achieving that goal. 

Throughout the festival, the RIO units were strategically placed across key locations to enhance security coverage. The units operated flawlessly, providing continuous surveillance, monitoring for potential threats, and ensuring rapid response capabilities. The advanced AI technology embedded within the RIO units allowed for real-time analysis of crowd movement, immediate detection of any unusual activities, and swift communication with on-site security personnel law enforcement.  

Steve Reinharz, CEO/CTO of AITX and RAD, commented on the deployment, stating, “The successful performance of RIO during the CMA Fest is a testament to our commitment to providing best in class security solutions. Our AI-driven technology not only enhances safety but also offers a cost-effective alternative to traditional security methods. We are proud of the role our tech played in ensuring a safe and enjoyable experience for all attendees.”

A RAD RIO™ 360 ready to help secure the visitors to CMA Fest along Nashville's riverfront.

“RIO has proven its effectiveness at several outdoor events and venues, capturing the attention of event organizers, security professionals and law enforcement,” said Troy McCanna, RAD’s Chief Security Officer and former FBI senior agent in charge of tactical operations in Michigan and Ohio. “The success of these deployments has demonstrated RIO’s ability to provide robust, reliable security in dynamic environments.” 

Building on this momentum, RAD expects to announce additional event deployments for RIO in the coming months. 

Sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published six Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at retail centers, hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiaries, Robotic Assistance Devices, Inc. (RAD), RAD-R, RAD-M and RAD-G is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Invests in Nightingale Security to Bolster Strategic Partnership and Enhance Global Autonomous Security Solutions

Detroit, Michigan, June 4, 2024 Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients along with wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), today announced a strategic investment in Nightingale Security Inc., a leader in autonomous aerial (drone) security systems. This investment follows a partnership announced in May, enhancing the commitment to delivering cutting-edge security solutions.

The Company noted that the undisclosed financial investment was via a convertible note. A convertible note is a type of short-term debt that converts into equity, typically in conjunction with a future financing round. This investment structure provides AITX with the flexibility to support Nightingale Security’s growth while potentially benefiting from future equity appreciation. By using a convertible note, AITX is able to make a strategic investment without immediately diluting its equity stake, aligning the interests of both companies and allowing for shared growth and success in the evolving security market.

Steve Reinharz, CEO/CTO of AITX and RAD, stated, “Our investment in Nightingale Security enhances our technological capabilities and market reach. Integrating RAD’s ground-based robots with Nightingale’s drones creates a robust security ecosystem for challenging environments.”

Jack Wu, CEO of Nightingale Security, added, “This partnership pushes integrated autonomous devices to deliver autonomous security, providing cost reduction, more capabilities, and unmatched situational awareness via the ability to rapidly respond with the Nightingale autonomous drone.”

The integration of RAD’s RIO with Nightingale’s drones will enable seamless detection, surveillance, and response, offering low-cost, efficient security for large, remote areas. This combined solution will provide clients with the ability to “Detect, Respond, and Verify.”

Mark Folmer, CPP, PSP, FSyI, President of RAD, commented, “We are excited to deepen our collaboration with Nightingale. This partnership offers our clients an intelligent security solution combining stationary and aerial capabilities, setting new industry standards.”

This strategic investment emphasizes AITX’s proactive approach to leveraging emerging technologies in security. The companies aim to advance AI-powered security solutions and reinforce their leadership in the field.

Both companies are committed to a long-term vision, with typically three-year Robotics-as-a-Service (RaaS) contracts underscoring their dedication to providing sustained, innovative security solutions worldwide. The partnership highlights the significant impact and growth potential of autonomous security solutions, aiming to redefine security standards globally.

For more information about this innovative partnership and to stay updated on further developments, please visit www.radsecurity.com and www.nightingalesecurity.com.

AITX, through its subsidiaries, Robotic Assistance Devices, Inc. (RAD), RAD-R, RAD-M and RAD-G is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s RAD Announces Engagement for Department of Homeland Security SAFETY Act Designation for Firearm Detection Software Solutions

Detroit, Michigan, May 30, 2024 — Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is excited to announce it has retained a consultant to prepare its application for SAFETY Act designation from the U.S. Department of Homeland Security (DHS) for its recently enhanced, state-of-the-art Firearm Detection software solution. Successful designation, which is expected sometime in 2024, would challenge the current monopoly position held by ZeroEyes in this designation.

“Our Firearm Detection software has demonstrated its effectiveness in real-world scenarios, and receiving this designation will expand our potential market to the greatest possible extent,” said Steve Reinharz, CEO/CTO of AITX and RAD. “We are committed to providing advanced security solutions that protect lives and enhance safety across various environments.”

The SAFETY Act, or Support Anti-Terrorism by Fostering Effective Technologies Act of 2002, provides liability protections to companies that develop and deploy effective anti-terrorism technologies. Achieving this designation will not only bolster RAD’s credibility but also offer significant legal protections, encouraging broader adoption of its firearm detection software. Many end users, including major entertainment venues require vendors to have SAFETY Act designation.

RAD’s Firearm Detection software (aka gun detection) leverages advanced AI to detect firearms in real-time, seamlessly integrating with existing security camera systems. The software provides immediate alerts to security personnel and law enforcement, ensuring rapid response and potentially saving lives in critical situations.

To support and expedite the SAFETY Act designation process, the Company has engaged a renowned consultant with extensive experience in navigating the DHS’ certification process. This strategic partnership is expected to expedite the designation, ensuring that RAD’s Firearm Detection software solutions meet the highest standards of safety and reliability as swiftly as possible.

“Achieving SAFETY Act designation will be a pivotal milestone for RAD, significantly enhancing our ability to accelerate and expand our sales efforts,” said Troy McCanna, RAD’s Chief Security Officer and former FBI senior agent in charge of tactical operations in Michigan and Ohio. “This designation will provide our prospective clients with the required legal protection required which will help create numerous new opportunities.”

“Breaking the monopoly position that ZeroEyes has enjoyed with the SAFETY Act designation is a testament to the competitive and innovative spirit at RAD,” Reinharz continued. “We believe in a diverse marketplace where multiple technologies can coexist and collectively enhance public safety. Our solution is ready to set new standards in firearm detection.”

ZeroEyes recently announced they are seeking an additional $50 million in funding to add to the approximately $44 million raised to date. The company’s valuations for these raises are not publicly available.

RAD’s application for SAFETY Act designation underscores its dedication to advancing security technology and its ongoing commitment to public safety. The Company looks forward to collaborating with DHS throughout the evaluation process and remains optimistic about the positive impact this designation will have on its operations and the broader security industry.

For more information about RAD and its Firearm Detection solutions, please visit RAD’s website.

AITX, through its subsidiaries, Robotic Assistance Devices, Inc. (RAD), RAD-R, RAD-M and RAD-G is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Files FY2024 10-K and Form S-3

Company Reconfirms RMR Run Rate Increase of 505%, Significant Device Deployments, and Strategic Advancements in AI Security Solutions: Positions for Optimized Capital Raising with Form S-3 Filing

Detroit, Michigan, May 29, 2024 – Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, filed its annual report on Form 10-K with the Securities and Exchange Commission (SEC)  for its fiscal year 2024 ended February 29, 2024. AITX is a ‘full SEC reporting’ company that files detailed annual and quarterly reports. Other companies on the OTC often have lower disclosure requirements under ‘Alternate Reporting’ requirements.

The Company has also filed a Form S-3 with the SEC aimed at optimizing its capital-raising efforts. This filing allows AITX to raise funds with potentially better share pricing compared to an S-1, resulting in less dilution for shareholders while providing the Company with the required capital for operations and inventory.

The S-3 filing provides AITX with the flexibility to manage the number of shares sold over time, enabling more strategic funding based on market conditions. This also attracts long-term investors looking for registered shares.

Steve Reinharz, CEO/CTO of AITX, stated, “Our recent market cap increases in May allowed us to be eligible to file the Form S-3. I believe investors will appreciate that the S-3 gives us the flexibility to fund our operations and growth initiatives at the best possible value at this stage in our company lifecycle.”

The Company confirms that there are no changes to the financials that were previously released in its audited financial statements for FY 2024 on May 10, 2024. Highlights from the financial statement include:

  • Recurring Monthly Revenue: Over $500,000.
  • Gross Profit Increase: $1,096,457 in FY2024, up 68% from $653,883 in FY2023.
  • Q4 FY2024 Deployment: 104 units deployed, the largest quarterly deployment to date.
  • Production and Supply Line Efficiencies: Achieved through improved solution designs, production coordination, and supply chain improvements.
  • RMR Contribution: RIO™ contributed $143,686 in the final month of FY2024.
  • R&D Expenses: Reduced from $3,625,468 in FY2023 to $2,878,134 in FY2024.
  • Team Growth: 97 full-time equivalent members across the U.S., Canada, and overseas as of May 7, 2024.

Reinharz continued, “The Company is working as hard as possible to make FY 2025 an incredibly significant year as we project that we will become operationally profitable this fiscal year.  We are building sustainable strong demand, making careful strategic alliances, creating strong technical innovations, and successfully deploying our solution set.  Our goal is to propel AITX into a well-recognized, significant supplier of AI-driven solutions, enhancing human capabilities and addressing the increasing need for automation as many roles become harder to fill with human resources.”

RMR is money earned from customers who pay for a subscription to a service or product. The Company’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

AITX, through its subsidiaries, Robotic Assistance Devices, Inc. (RAD), RAD-R, RAD-M and RAD-G is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume, becoming cash flow positive, ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s RAD Announces First Paid Analytic Based on Vast Improvements in Its Firearm Detection Speed & Accuracy

Enhanced AI Software Set and Double Authentication Feature Released to Revolutionize Security and Safety

Detroit, Michigan, May 28, 2024 Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is pleased to announce significant enhancements in the performance and reliability of its firearm detection AI analytics. These improvements will be incorporated into RAD’s popular line of security devices, including ROSA™, RIO™, AVA™, and RADDOG™, and will begin shipping in June.

Key features of the upgraded firearm detection system include:

  • Double Authentication: This new feature aims to reduce false positives by ensuring the system only acts upon true positives, enhancing overall reliability.
 
  • Enhanced Performance: The updated software provides superior accuracy and faster response times, ensuring more effective threat detection and mitigation.
 

“Continually improving our AI both at the edge and in the cloud is crucial for staying ahead of potential threats and ensuring public safety,” said Steve Reinharz, CEO/CTO of AITX and RAD. “We are leaning into this technology in a big way. We feel that the existing, limited competition combined with a great need, makes this worthy of investment.”

The Company noted that its verified firearm detection analytic will be charged at an extra cost to ROSS and RAD’s physical product line, making it the first analytic to earn the Company additional revenue. Pricing details will be made available to RAD’s dealer channel and clients upon request.

Troy McCanna, RAD’s Chief Security Officer and former FBI agent, emphasized the importance of proactive security measures, “It’s imperative that schools and corporate campuses regularly review their active shooter security procedures and protocols. RAD’s firearm detection solutions offer a critical layer of protection, enhancing the ability to identify and respond to threats swiftly and effectively.”

RAD devices utilize a sophisticated combination of edge (on-device) technology and cloud-based processing to enhance the reliability of their firearm detection systems. When a potential firearm is detected, the device immediately sends captured images of the suspected firearm to the RAD Cloud for a process called Double Authentication. During this process, the suspected images are meticulously compared against RAD’s extensive and continuously updated library of firearm models.

If the process confirms a true positive, the RAD device at the scene automatically enters a local alert phase, including audible and visual alerts. This action triggers an immediate response protocol, where notifications are swiftly sent to remote monitoring centers and other security personnel, including law enforcement agencies.

RAD’s Double Authentication process significantly enhances the accuracy of the RAD devices, ensuring that only genuine threats are acted upon. By minimizing false alerts, RAD provides a more reliable and effective security solution, safeguarding public safety.

AITX, through its subsidiaries, Robotic Assistance Devices, Inc. (RAD), RAD-R, RAD-M and RAD-G is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Unveils AIR™ as the Core of Its Operations, Revolutionizing Industry Standards with Advanced Autonomous Solutions

AIR Manifesto Now Available on AITX Website

Detroit, Michigan, May 22, 2024 Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), is excited to announce that AIR™ (Autonomous Intelligent Response) has become the core paradigm driving all client solutions across AITX and its subsidiaries. Fully detailed and downloadable on the AITX website as of today, AIR represents the concepts and applications that integrate artificial intelligence with autonomous response capabilities across various security and facility management applications and devices.

AIR is the cumulation of years of development and experience and is aimed to transform and elevate the efficiency and effectiveness of security operations by leveraging advanced AI and machine learning technologies. This platform produces client benefits related to improved security and facility operations, enhances operational capabilities by autonomously managing and responding to security needs without human intervention, thereby reshaping the landscape of security and facility management industries.

Steve Reinharz, CEO/CTO of AITX stated, “The implementation of AIR across our solutions is a transformative step towards redefining security and facility industry standard operating procedures through enhanced application of artificial intelligence. AIR is not just a product but a comprehensive approach that embodies our commitment to innovation and excellence in all facets of our business.”

The AIR platform integrates seamlessly with AITX’s wholly owned subsidiary Robotic Assistance Devices’ (RAD) 4th Generation suite of hardware products, enhancing their capabilities, and enabling them to perform with unprecedented efficiency. Furthermore, AIR is the basis of RADCam™ available from RAD Residential (RAD-R) later this year. Additional solutions built around AIR will be announced in the coming months. This strategic focus ensures that all current and future products developed under the AITX umbrella are equipped with state-of-the-art technology that sets new benchmarks for the industry.

The Company noted that applications to be beta testers for the RADCam pilot program will soon be announced. The pilot program will include RAD team members and select users from the public in the United States and Canada. 

“As we continue to innovate and push the boundaries of what is possible in artificial intelligence and autonomous response solutions, AITX is poised to lead the way in transforming security and facility management practices worldwide,” Reinharz concluded.

AITX, through its subsidiaries, Robotic Assistance Devices, Inc. (RAD), RAD-R, RAD-M and RAD-G is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Announces Its Breakthrough AIR™ (Autonomous Intelligent Response) Technology

AI-Based Innovation Available Soon in RAD and RAD-R Solutions

Detroit, Michigan, May 15, 2024 Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), is pleased to announce the biggest technology innovation it has ever developed which it is calling Autonomous Intelligent Response, abbreviated to AIR. AIR is the inevitable evolution of the Company’s Autonomous Remote Services (ARS) paradigm by harnessing newly developed technological innovations to deliver intelligent human-like response in every applicable surveillance camera and RAD device.

“It’s like having the best possible remote video operator watching every camera with unblinking eyes and ready to apply best practices for engagement in an instant,” said Steve Reinharz, AITX CEO & CTO. “Imagine having a security operations center at the edge in every device, that’s AIR. This massively enhances our ability to identify and deter dangerous and costly events in addition to a myriad of other solutions.”

The significance of this development has prompted the Company to update the AITX Mission Statement.

AIR will be utilized throughout all AITX subsidiaries and made available for licensing in the future. For Robotic Assistance Devices, Inc. (RAD), this means the Generation 4 RAD devices and software (ROSA™, RIO™, AVA™, ROSS™) will be fully AIR-capable. AIR will also be the software backbone for RADCam™ from subsidiary RAD-R, providing home security performance levels not currently known to be available in the marketplace.

AIR’s autonomy allows AIR-based security devices to monitor environments, detect anomalies, and respond to potential threats without the need for constant human oversight. By reducing reliance on human resources, AIR not only enhances efficiency and lowers operational costs but also ensures continuous, uninterrupted protection, even in the most dynamic and complex scenarios.

Additionally, AIR-enabled systems can initiate visual and audible alarms, alert authorities, and lock doors in real-time, providing a level of responsiveness that is both faster and more accurate than traditional security systems. This rapid response capability is crucial in mitigating risks and preventing incidents before they escalate, ensuring that security measures are always one step ahead of potential threats.

Reinharz continued, “The introduction of AIR represents our unwavering commitment to advancing security and facility management through cutting-edge technology. Stay tuned for more updates and detailed insights into how AIR will redefine the landscape of intelligent security solutions.”

The Company noted that it is making preparations for the first AIR demonstrations in the next few weeks which will be available on the AITX YouTube channel.

The forthcoming release of AIR marks a pivotal moment in the evolution of corporate security and facility management. As businesses and organizations face increasingly sophisticated security challenges along with budget constraints, AIR enables transformative solutions that will combine autonomy, intelligence, and responsiveness.

AITX, through its subsidiaries, Robotic Assistance Devices, Inc. (RAD), RAD-R, RAD-M and RAD-G is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

Recently Signed Dealer Sees Great Opportunities in RAD Security Solutions

Doyle Security Services Orders Additional ROSA Security Robots for Retail Client

Detroit, Michigan, May 14, 2024 Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is pleased to announce that recently signed dealer, Doyle Security Services (Doyle) has purchased additional ROSA units to be deployed at a major retail center operator.

The large retail space operator had been grappling with persistent issues of trespassing and illegal dumping, posing significant nuisances and financial burdens. These challenges have escalated, affecting the safety and aesthetic appeal of the retail centers, which in turn impacts customer satisfaction and business operations. Despite efforts to manage these issues, traditional security measures had been inadequate, and the frequent incidents continue to strain resources and complicate maintenance efforts.

Furthermore, Doyle, tasked with safeguarding these locations for the retail operator, faces its own challenges with recruiting and retaining qualified security personnel. This staffing shortfall exacerbates the problem, as it limits the effectiveness of manned guarding solutions and hampers the ability to maintain consistent security coverage. The ongoing issues highlighted the need for more efficient and reliable solutions to ensure uninterrupted safety and order at the retail locations.

In response to these challenges, Doyle has integrated RAD’s ROSA (Responsive Observation Security Agent) devices into their security strategy. ROSA has proven to be a highly effective and cost-efficient solution for monitoring the retail locations. Equipped with autonomous response capabilities, ROSA actively deters trespassing and dumping by utilizing advanced surveillance and real-time AI analytics. ROSA seamlessly connects to Doyle’s Security Operations Center (SOC), allowing for continuous oversight without the need for extensive manned guarding on premises.

“We are thrilled to expand our deployment of RAD’s ROSA devices across our retail clients and beyond,” said Mario Doyle, CPP, President & COO of Doyle Security Services. “The success we’ve seen in significantly reducing trespassing and illegal dumping incidents has proven the unmatched value and effectiveness of the ROSA technology. This expansion is not just an upgrade to our security infrastructure, it’s a transformative step forward for our entire operation. We are committed to leveraging cutting-edge technology to enhance safety and efficiency, and the integration of more ROSA units is pivotal in our strategy to deliver superior security solutions to all our clients.”

When suspicious activity or an intrusion is detected by ROSA, the device initiates immediate autonomous responses including visual and audio messaging through its integrated systems. A qualified remote monitoring security officer can open a live audio “talk down” through the ROSA unit to directly address the intruders, often resolving the situation without further escalation. If necessary, the system or monitoring staff can also alert on-site security personnel or local law enforcement, ensuring a swift and appropriate response. This innovative approach not only enhances security but also reduces the reliance on physical guards, offering a sustainable and scalable solution to the retail operator’s ongoing security concerns.

“We are immensely pleased to see Doyle Security Services fully embracing RAD’s vision of innovation and efficiency in security,” stated Mark Folmer, CPP, PSP, FSyI, President of RAD. “Their expanded deployment of our ROSA technology across multiple sites underscores a shared commitment to transforming traditional security measures with advanced, AI-driven solutions. This collaboration not only exemplifies the strong partnership between Doyle and RAD but also sets a benchmark in the industry for others to follow.”

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX FY2024 Financials Released with Several Categories Showing Triple Digit Growth

Key Highlight: Recurring Monthly Revenue Run Rate Increased 505%

Detroit, Michigan, May 10, 2024 – Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions is pleased to announce that its audited financial results for the fiscal year ended February 29, 2024, have been filed in an updated S-1 filed on May 9, 2024. The Company highlights robust growth and operational success as evidenced by FY2024 closing with a recurring monthly revenue (RMR) run rate of $283,624, marking an increase of over 500% from the previous year’s $56,802.

“Towards the end of the fiscal year we had over $500,000 in recurring monthly revenue on the books and we were able to have $283,624 of that producing revenue. There were 42 devices delivered but not yet producing revenue at the end of the fiscal year plus over 100 more devices contracted but not yet deployed. I expect Q1 FY2025 results to show a healthy increase towards the $500,000+ objective depending upon production, deployment, and client acceptance,” said Steve Reinharz, CEO of AITX and wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD). “I’m incredibly proud of our team’s sales and technical successes, organizational improvements, and productivity improvements during that fiscal year. FY2024 was an incredibly challenging year for us as we navigated a challenging liquidity period while working to bring new solutions such as RADDOG, RIO, and 4th Generation solutions to market.”

The Company’s gross profit saw a substantial increase, reaching $1,096,457 for FY2024, up 68% from $653,883 in FY2023. This growth is attributed to increasing and enhanced operational efficiencies. Notably, Q4 of FY2024 saw the deployment of 104 units, the largest quarterly deployment to date, underscoring the demand for the Company’s innovative solutions. Furthermore, in fiscal year 2025 (started March 1, 2024), the Company will achieve production and supply line efficiencies driven by improved solution designs, production coordination and supply chain improvements.

“We are incredibly excited about the trajectory RAD is on as we continue our pursuit of excellence in AI-driven security solutions and the milestone we’re eagerly anticipating – becoming cash flow positive this fiscal year,” commented Mark Folmer, CPP, PSP, FSyI, President of RAD. That’s not just a financial indicator; it will be a testament to the hard work of our dedicated team and the trust our clients place in us. It propels us into a future where we continue to lead and expand the possibilities of security technology, enhancing safety and efficiency for businesses around the globe.”

RIO, introduced in FY2024, emerged as a standout product offering, contributing $143,686 in RMR in the final month of the fiscal year alone. This success highlights RAD’s capability to continually develop and introduce effective solutions that meet evolving market needs.

Furthermore, AITX achieved significant reductions in R&D operations expenses, which decreased from $3,625,468 in FY2023 to $2,878,134 in FY2024, even as the output increased with the creation of three generations of RIO, significant advancements on RADDOG, ROSA Generation 4, and AVA Generation 4.

As of May 7, 2024, AITX’s team has grown to 97 full-time equivalent members across the United States, Canada, and overseas, supporting its expansion and innovation in security technology.

Looking ahead, AITX’s management feels the prospects for FY2025 are outstanding, with further details to be provided in the forthcoming ‘Form 10-K’ filing that is due by the end of May 2024.

RMR is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume, becoming cash flow positive, ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

Drone Leader Nightingale Security and AITX’s Robotic Assistance Devices Announce Global Reach with Targeted Autonomous Security Solutions

Detroit, Michigan, May 9, 2024 Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), announces a strategic expansion of its market reach through a new partnership with Nightingale Security Inc. This collaboration leverages Nightingale’s proven autonomous drone technology, which has seen increasing sales both in the U.S. and internationally. The partnership is set to explore and capture substantial opportunities across Africa, Europe, Australia, and Latin America.

The types of opportunities in the sales funnel and being pursued use a combination of autonomous detection by RAD’s RIO™ with autonomous dispatch to Nightingale’s autonomous drones. This expansion focuses on specific sectors where autonomous security solutions are not just advantageous but critical. This synergy will allow for low-cost, active patrols and response for large areas with little supporting infrastructure. Specifically, these include mining operations in Australia, Latin America, and Nigeria, oil and gas industries in Africa and Latin America, and critical infrastructures and defense across Africa, Europe, and Latin America. These regions present challenges such as vast, remote areas where traditional human guard deployment is impractical, making advanced automation the optimal solution.

“Our cooperation with Nightingale offers large clients a solution that brings autonomous solutions to dangerous security and surveillance assignments,” commented Steve Reinharz, CEO/CTO of AITX and RAD. “Although we’re following Nightingale’s lead in these international opportunities, we are equally enthusiastic about the growth prospects in the U.S. market.”

Jack Wu, co-founder, and CEO of Nightingale Security added, “Our collaborative efforts with RAD are set to redefine security standards globally. We are excited about the potential in these international markets and the revenue potential they represent. Our partnership underlines the significant impact and growth potential of our autonomous security solutions.”

The Companies noted that they expect to share specific sales information over the next few weeks.

The partners are committed to a long-term vision with typically three-year Robotics-as-a-Service (RaaS) contracts, underscoring their dedication to providing sustained, innovative security solutions worldwide.

For more information about this innovative partnership and to stay updated on further developments, please visit www.radsecurity.com and www.nightingalesecurity.com.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

New Markets – AITX’s RAD Announces MOU to Collaborate with Commend Americas

Detroit, Michigan, May 8, 2024 Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), is pleased to announce that it has signed a memorandum of understanding (MOU) agreement with Commend Americas (Commend), outlining the details of the strategic relationship between the two companies for mutual collaboration and growth.

Commend, a global leader in Integrated Communication Systems since 1971, is known for safeguarding people, buildings, and assets worldwide and is renowned for its hands-free voice communication systems, making it the preferred choice globally.

The agreement establishes a framework for the collaboration between RAD and Commend to explore and potentially integrate their respective technologies and services. This collaboration aims to enhance product offerings, expand market reach, and explore joint solutions.

“This agreement marks the beginning of what we believe will be a highly fruitful partnership, presenting both parties with a wealth of exciting opportunities,” expressed Tom Reilly, President of Commend Americas. “We’re optimistic about the prospects ahead and are eager to collaborate closely with the team at RAD to unlock the full potential of this venture.”

The two Companies are expected to begin working on integrations of RAD’s popular RAD Light My Way™ safety and security application with Commend’s communications systems, as well as the integration of RAD-G‘s RADPack™.

“I was introduced to Commend 25 years ago when I was a low voltage integrator focused on the corrections market. Commend had, and still holds, the esteemed position of simply being the best with audio and more,” commented Steve Reinharz, CEO/CTO of AITX and RAD. “This MOU allows us to share technology which should benefit our clients and expand our markets further, particularly in healthcare and higher education.”

“As the first collaborative manufacturer partner with RAD we’re looking forward to exploring the sales opportunities arising from this collaboration,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “We look forward to sharing more as it develops.”

The award-winning RAD Light My Way from RAD is an integrated mobile app and hardware solution that empowers users by placing the control of their safety and security firmly in their own hands. With RAD Light My Way, users gain instant access to emergency services, real-time threat detection, and the ability to summon assistance swiftly through nearby RAD Light My Way compatible communication devices.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

About Commend Americas

At Commend, we are passionate about innovating and perfecting communication and security technology. Our mission is to translate this passion into intercom and public address solutions that you can always trust to support and protect your business, reputation, assets and lives. For 50 years, your voice, your needs and your trust has been our inspiration in all we do, from research and production to installation and after-sales services. The result are high-class products that are built around your requirements to serve your business and safety needs – whether in road tunnels, on the factory floor or in the operating room, on ships or trains, and in places from car parks to office buildings and Smart Cities. All this is made possible by over 700 passionate individuals that work together as one across a worldwide support network, dedicated to ensuring that our mission is acted upon. For further information visit us online at www.commend.com.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s RAD Passes Production Savings onto Customers with Updated Pricing for RIO™ Solar-Powered Security Towers

Pricing Move Expected to Further Accelerate RAD’s Penetration in the Mobile Surveillance Unit (MSU) Marketplace

Detroit, Michigan, May 6, 2024 – Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), proudly announces price reductions for two of its flagship products: RIO™ 360 and RIO 180. Effective immediately, customers will enjoy a 12% reduction on RIO 360 and a 14% reduction on RIO 180.

These price reductions are facilitated by RAD’s continuous enhancements in supply chain management, production processes, and the strategic shift to the innovative RAD Generation 4 design which is expected to result in substantial cost savings over the next several months. By passing these savings onto customers, RAD reinforces its commitment to becoming one of the largest suppliers of towers, complete with RAD technology, in this fast-growing market segment.

“This new RIO pricing not only reflects our dedication to quality and innovation but also aligns with our aggressive goals for expanding our presence in the mobile surveillance unit (MSU) marketplace,” stated Steve Reinharz, CEO / CTO of AITX and RAD. “We are poised to meet the growing demand for advanced, cost-effective security solutions across various sectors.”

On February 27, 2024, the Company announced a substantial production run of 1000 RIO units, reflecting strong market demand and confidence in the technological advancements its solutions. Today’s announcement to reduce the prices of the RIO models is strategically aligned with this production increase. By setting more competitive pricing, RAD aims to expand market demand further and ensure that these advanced surveillance units are accessible to a broader range of customers and industries. This move is anticipated to support the large-scale production run by significantly boosting sales and reinforcing RAD’s position in the highly competitive MSU market.

The RIO 360 and RIO 180 are integral components of RAD’s respected line of autonomous intelligent response systems, equipped with cutting-edge AI capabilities to efficiently detect and respond to security threats, ensuring comprehensive coverage with minimal human oversight.

Sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume, becoming cash flow positive, ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s RAD Receives Large RIO Expansion Order from Fortune 50 Client

RAD’s Single Largest Client has Placed Orders for 167 RAD Security Solutions

Detroit, Michigan, May 1, 2024 Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is pleased to announce an expansion order has been received from a highly-respected Fortune 50 client. Specifically, RAD has received orders for an additional 10 RIO™ units, a continuation of the client’s nationwide rollout that began in the summer of 2023. This new order expands the ever-strengthening relationship between RAD and the client, which has seen over 100 RIO security towers deployed to date, and a total of 167 RAD devices placed on order. This is the first time the total order count for this one client has been revealed.

The Company noted that it anticipates that the client’s deployed units will surpass 150 by the end of May 2024.

“We are incredibly proud of the growing relationship with this amazing client, a clear indication of the trust and value that large enterprises see in RAD’s security solutions,” commented Mark Folmer, CPP, PSP, FSyI, President of RAD. “Our sales funnel is brimming with opportunities from similarly impressive companies, all eager to leverage our proven technology and take advantage of the associated cost savings. The landscape of security is evolving quickly, and RAD is at the forefront, driving change and delivering results that exceed our clients’ expectations.”

Steve Reinharz, CEO / CTO of AITX and RAD commented, “I expect the capabilities of our fourth-generation solutions to help accelerate clients through the sales process. For now, we’re focused on closing a couple more big deals to stay on track for to our short-term goal of achieving $700,000 in RMR and becoming cash flow positive.”

Sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume, becoming cash flow positive, ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Provides Sales Guidance for New Subsidiary RAD-R

Up to 20,000 RADCam™ Set for Q3 Production and Holiday Selling Season

Detroit, Michigan, April 25, 2024 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions, announces further details concerning its newly established subsidiary, Robotic Assistance Devices Residential, Inc. (RAD-R). With the fall production schedule set, the Company is preparing to meet the expected demand of the holiday selling season. This update provides a deeper look into the strategic developments of RAD-R, ensuring its innovative residential security solutions are positioned to make a significant impact in the market.

AITX announced the formation of RAD-R in a press release dated April 3, 2024.

RAD-R is proud to unveil RADCam™ as its initial product offering. This advanced residential security camera system embodies RAD-R’s commitment to innovation, designed with the latest in AI-driven capabilities from sister subsidiary, Robotic Assistance Devices, Inc. (RAD). Aimed at tech-savvy homeowners, RADCam seeks to redefine home security by integrating cutting-edge solutions and leveraging state-of-the-art artificial intelligence and machine learning technologies to enhance security, safety, and user experience.

In anticipation of the holiday shopping season, the Company is actively negotiating production capacities for its RADCam units. The Company aims to sell up to 20,000 units of this advanced residential security camera with the exact first production number to be released around June. This preparation highlights RAD-R’s strategic efforts to capitalize on peak sales opportunities during the shopping season, ensuring that they can adequately supply their innovative product to homeowners looking for state-of-the-art security solutions.

Steve Reinharz, CEO and CTO of AITX, stated, “With RADCam, we’re not just enhancing home security, we’re specifically targeting critical concerns like porch piracy. This growing threat affects countless homeowners annually, and RADCam’s advanced AI-driven capabilities are designed to provide an active and effective deterrent. We’ve spent years developing this type of technology which will now allow for real-time detection, intelligent response, and the deterrent, giving our customers peace of mind and significantly reducing the risk of theft from their doorsteps.”

According to the 2023 Package Theft Annual Statistics and Trends report from Security.org, porch pirates stole goods valued at $8 billion over the past year, affecting 44 million Americans in the last three months of 2023. With e-commerce business continuing to rise, nearly half of all Americans have experienced package theft at some point. The report highlights the ongoing challenge of package theft, underscoring the need for effective prevention and response strategies, especially as the holiday shopping season approaches.

The 2023 Home Security Market Report by SafeHome.org reveals that 39 million U.S. households currently use home security systems, with another 13 million considering installations this year. The market is continually expanding, driven by consumer demand for advanced features like AI-based analytics, detections, and intelligent response in security devices.

Reinharz continued, “In addition to our aggressive production targets for RADCam, we are actively staffing RAD-R with the talent and experience needed to compete and win in the B2C marketplace. We expect distribution and channel sales in place sometime in Q3 of this calendar year.”

Further details about RAD-R’s product launch and an update for the pilot program will be shared in the coming weeks, as AITX and RAD-R continue to pave the way for advanced residential security.

Distributors, online retailers, and brick & mortar retailers interested in carrying RADCam are encouraged to contact sales@radresidential.ai.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX CEO, Steve Reinharz, Sets Forth the Company’s Path to Potential Cash Flow Positivity

Interview With SmallCapVoice.com Streaming on YouTube Now

Detroit, Michigan, April 18, 2024 — 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 share that Steve Reinharz, CEO/CTO of AITX and RAD was recently interviewed by SmallCapVoice.com. This wide-ranging, fast-paced interview covers many of the issues facing the Company, and Reinharz discusses the potential of reaching the goal of achieving operational cash flow positivity this calendar year.

“I absolutely love speaking with knowledgeable and well-researched YouTubers,” said Reinharz. “Speaking with Stuart at SmallCapVoice was a pleasure, he’d done his homework and was prepared with some probing questions.”

The entire interview is available on SmallCapVoice.com’s YouTube channel.

“I am excited to see what the future holds for AITX,” commented Stuart T. Smith, CEO and President of SmallCapVoice.com, Inc. “I recently came across the long list of solid updates issued by AITX in 2024. The interview with CEO Steve Reinharz did not disappoint. This feels like a ground-floor opportunity with an established team at AITX leading the charge. I can’t wait to check back in with the Company on their progress later in 2024!”

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume, becoming cash flow positive, and ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

Leaving Las Vegas: AITX’s RAD Emerges Victorious from ISC West 2024, Unveiling Unprecedented Expansion Opportunities

New and Expansion Opportunities from Security Trade Show Approaches 1000 Units

Detroit, Michigan, April 16, 2024 Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), returned triumphant from its participation at ISC West 2024, marking a watershed moment in the Company’s journey towards unparalleled growth and innovation. The annual gathering, renowned as the premier event for the security industry, served as a platform for RAD to showcase its cutting-edge lineup of AI-powered security and safety solutions and to forge lucrative connections with industry leaders and stakeholders. Following the successful event, RAD is thrilled to announce a wave of expansion opportunities and prospective contracts, illuminating a path towards extraordinary market penetration and influence across a diverse array of sectors. With a resounding testament to the power of innovation and strategic partnerships, RAD’s presence at ISC West 2024 has initiated a seismic shift in the landscape of autonomous intelligent security, potentially propelling the Company towards unprecedented heights of success and prosperity.

“We go into every trade show with great optimism, but this ISC West surpasses all previous show appearances,” said Steve Reinharz, CEO of AITX and RAD. “The confidence that the entire RAD team projected was well received by the clients and prospects we met with. From all account, the RAD sales funnel is swiftly flowing with these opportunities nearing the goal line of increased RMR and potential cash flow positivity.”

Highlights and Analysis of RAD at ISC West 2024

  • High Demand for ROSA: ROSA units continue to show the highest demand among all device types, with significant interest from sectors including property surveillance, educational institutions, and automotive industries.
  • Continued, Accelerating Interest in RIO: RIO devices are also gaining traction, particularly within the automotive sector and in various security services, indicating a broad acceptance of this technology in robust security solutions.
  • Consistent Market Penetration for AVA: AVA, RAD’s outdoor access control solution experienced steady interest, especially from sectors such as critical infrastructure security and logistics.

 

Significant Expansion Opportunities and Potential Contracts as a Result of RAD’s ISC West Participation:

  • A Fortune 100 provider of diagnostic equipment has specified 120 units in Phase 1 of their RAD rollout, signaling a strong entry into the biotechnology and healthcare markets.
  • A nationwide operator of specialty shopping malls is expected to place 22 RIO units on order for an initial deployment with the possibility of expanding to 480 units across 40 locations, this represents a significant scaling opportunity in retail sector security.
  • A Fortune 250 auto reseller quickly moved from interest in a single RIO unit during discussions at ISC West to rolling out to potentially 300+ locations, underscoring substantial growth potential in automotive retail security.
  • A nationwide top 25 healthcare provider plans to replace several dozen existing solar-powered security towers with RAD’s RIO, showing continued penetration into healthcare security solutions. It was announced on April 11, 2024, that this client had ordered 3 RIO units as part of their initial RAD rollout.
  • A Fortune 500 logistics and supply chain company, an existing RAD client, has expressed interest in potentially as many as 50 RIO devices plus 50 TOM devices. This opportunity represents a major expansion of RAD solutions within logistics and distribution security.

 

Device Totals from Opportunities Created or Nurtured During ISC West 2024

  • ROSA: Greater than 400 units
  • RIO: An estimate of 250 units
  • AVA: Approximately 120 units
  • TOM: The potential for 50 units
  • Plus, dozens of opportunities presented by RAD’s direct end-users and channel partners

 

RAD President, Mark Folmer, CPP, PSP, FSyI, commented, “This was a remarkable ISC West for RAD, one for the history books. The vast opportunities from existing and new clients continued to present themselves on the show floor and during private meetings. We could not have asked for a more receptive marketplace.”

RMR is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume, becoming cash flow positive, and ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s RAD Penetrates Further into Healthcare Market with Multiple RIO Order from Top 25 Healthcare Provider

Detroit, Michigan, April 11, 2024 Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), has secured an initial order from a prominent healthcare provider ranked in the top 25 nationwide. The order is for multiple units of RAD’s RIO™ 360 solar-powered security towers.

The specifics of the order, including the number of units and financial details, have not been revealed, citing confidentiality agreements between the parties involved.

This news signifies RAD’s continued penetration into the healthcare market, showcasing the growing demand for its innovative security solutions within this sector. By deploying RIO 360 towers, healthcare providers can enhance their security measures and ensure the safety of their facilities, staff, and patients.

“I am pleased that the healthcare industry is starting to take notice of what’s going on at RAD,” commented Steve Reinharz, CEO/CTO of AITX and RAD. This substantial order reaffirms our commitment to driving technological advancements that make a meaningful difference, and we look forward to further strengthening our presence in the healthcare market.”

The Company also noted that the client is expected to deploy RAD Light My Way™, once the RIO units are deployed. RAD Light My Way is an integrated mobile app and hardware solution that empowers users by placing the control of their safety and security firmly in their own hands. With RAD Light My Way, users gain instant access to emergency services, real-time threat detection, and the ability to summon assistance swiftly through nearby RAD devices.

Sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations, and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Announces Formation of New Subsidiary, Robotic Assistance Devices Residential, Inc. (RAD-R), to Launch Innovative Residential Security Solutions

Detroit, Michigan, April 3, 2024 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions, is thrilled to announce the formation of a new subsidiary, Robotic Assistance Devices Residential, Inc. (RAD-R), as part of its strategic expansion into the residential security market. Filed for incorporation in Nevada on April 2, 2024, RAD-R is set to introduce its first consumer product based on the technology and success of AITX’s widely acclaimed ROSA product from RAD-I (Robotic Assistance Devices, Inc.).

RAD-R joins the AITX family of wholly owned subsidiaries, alongside RAD-I, RAD-M (Robotic Assistance Devices Mobile, Inc.), and RAD-G (Robotic Assistance Devices Group, Inc.), marking a significant milestone in AITX’s continued growth and innovation in AI-driven security solutions. The launch of RAD-R’s new product, details of which are to be released in the coming months, signifies AITX’s commitment to leveraging its technological prowess to enhance security in the residential sector.

In anticipation of the initial product launch, RAD-R is expected to initiate a limited pilot program that will include RAD team members and select users from the general public in the United States. This strategic move will enable RAD-R to refine and tailor its offering to meet the specific needs and preferences of residential users, ensuring a robust and user-centric solution.

Initially, RAD-R will be staffed by team members from RAD-I, leveraging the existing talent and expertise within the AITX family to drive the new subsidiary’s operations and product development. The appointment of a Company President for RAD-R will be announced in the near future. Until then, the subsidiary will benefit from the shared resources and collective expertise of existing RAD-I team members.

The technology underpinning RAD-R’s forthcoming product will be derivative of RAD-I’s successful platforms, utilizing its own instances of cloud services and related processes to ensure optimal performance and security. The Company is poised to operate with distinct operational processes while benefiting from the technological foundation and innovation culture that AITX and its subsidiaries are known for.

Steve Reinharz, CEO of AITX, expressed his excitement about the new venture, stating, “The launch of RAD-R represents a pivotal evolution in our mission to redefine security through artificial intelligence. By extending our innovative solutions to the residential market, we are not only expanding our reach, but also addressing the growing demand for advanced, AI-driven security in homes across America.”

RAD-R’s financial results will be reported as part of the AITX roll-up in addition to specific reporting in order to provide stakeholders with transparent insight into the subsidiary’s performance and contributions to the overall success of AITX.

Further details about RAD-R’s product launch and pilot program will be shared in the coming months, as AITX and RAD-R continue to pave the way for the future of residential security.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD-I, RAD-R, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price

 

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s RAD Offers SelectBlur at No Cost to Law Enforcement Agencies

Law Enforcement Now Has a Secure, Easy and Affordable Way to Obscure Faces in Videos and Images

Detroit, Michigan, March 26, 2024 – Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), is pleased to announce the availability of ‘SelectBlur‘, to law enforcement agencies at zero cost[i]. This offers comes on the heels of widespread news stories of the Murrieta Police Department utilizing Lego images in an effort to obscure faces in booking photos and videos.

SelectBlur is a user-friendly Windows® desktop application that allows users to selectively blur faces in video footage, ensuring the privacy of individuals who are not the focus of the surveillance. The application supports almost any video format and operates entirely on the desktop, eliminating the need for cloud-based processing and thereby further enhancing the security of sensitive data.

“It’s our commitment to empower law enforcement with the most innovative technological solutions available,” said Steve Reinharz, CEO/CTO of AITX and RAD, reflecting on his deeply fulfilling years of collaboration with the LAPD. “Having witnessed firsthand the challenges faced by our dedicated law enforcement professionals, I’m driven by a profound sense of duty to equip them with tools that not only enhance their capabilities but also alleviate any apprehension towards embracing advanced AI technology. Offering SelectBlur at no cost is a small gesture of gratitude for their tireless dedication to public safety and underscores our shared mission to protect and serve our communities with integrity and compassion.”

The recent incident involving the Murrieta Police Department’s utilization of Lego images to obscure faces in booking photos underscores the complexities law enforcement agencies face in adhering to evolving privacy regulations. With California Assembly Bill 994 mandating the removal of booking photos from social media after 14 days, agencies like the Murrieta PD are challenged to find compliant solutions that balance privacy concerns with public transparency. The California Legislature also passed Assembly Bill 1475 in 2021, prohibiting local law enforcement from publishing mug shots of suspects in nonviolent crimes.

“Having spent 23 years with the FBI, I’ve witnessed the immense pressure and demands faced by today’s law enforcement agencies,” stated Troy McCanna, RAD’s Chief Security Officer and former FBI agent. “These burdens weigh heavily on police departments, and I understand the urgency to streamline their operations. SelectBlur is more than just a tool; it’s a lifeline for our officers, offering a seamless solution to ease their workload and ensure the privacy and integrity of sensitive information.”

The Company’s offer of providing SelectBlur to law enforcement agencies at no cost[ii] represents a significant cost-saving opportunity compared to its typical monthly licensing fee of $299 per user. By waiving the monthly subscription, RAD is now enabling law enforcement agencies to allocate their resources more efficiently, redirecting funds towards other critical needs such as training, equipment, or community outreach initiatives. This cost-saving measure not only ensures accessibility to cutting-edge surveillance technology but also underscores RAD’s commitment to supporting law enforcement agencies in their mission to uphold public safety while maintaining privacy and ethical standards.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

 

[i] Certain conditions apply, please see website for complete details.

[ii] One SelectBlur license per agency, see website for details.

###

Steve Reinharz
949-636-7060
@SteveReinharz

RADDOG, the Robot Dog from AITX’s RAD, Continues its Media Blitz with an Exciting Appearance on CSI: Vegas

RADDOG is Proving to be a Media Darling in the Making

Detroit, Michigan, March 25, 2024 – Robotic Assistance Devices Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), today announced that RADDOG™, the robotic dog, is swiftly emerging as a media sensation, charming audiences with its cutting-edge technology and endearing personality. Its latest triumph comes in the form of a thrilling appearance on the hit show CSI: Vegas, further solidifying its status as a beloved AI-powered canine.

RADDOG, designed and produced by RAD, had previously garnered attention for its unique capabilities and has made appearances in diverse locations such as Mars, Detroit, Philadelphia and more. This marks RADDOG’s first appearance in a television crime drama.

Steve Reinharz, CEO and CTO of AITX and RAD, and the inventor of RADDOG, commented, “When the production team at CSI contacted us about featuring RADDOG in an upcoming episode, I was elated. We’ve been working towards getting RADDOG on a crime show, and this is the ideal format to showcase just how cool and functional RADDOG is. And we’re not done, audiences can expect to see more RAD security and safety solutions in the near future.”

With each public appearance, RADDOG continues to captivate audiences, winning over hearts with its charm, sparking fascination and admiration. Its enchanting presence and remarkable capabilities powered by RAD’s AI analytics make it a standout figure in the world of robotics and entertainment.

For a glimpse into RADDOG’s previous adventures, viewers can explore a montage available on RAD’s YouTube channel, offering a glimpse into the captivating world of this media darling in the making.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s and RAD’s ROSA Appears in ‘Cash Out’ Starring John Travolta

Action-Packed Bank Heist Film Premiered Thursday Night, with CEO Steve Reinharz in Attendance

Detroit, Michigan, March 22, 2024 – Robotic Assistance Devices Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), today announced that ROSA, its most popular AI-powered security solution is featured in the upcoming action film ‘Cash Out’. Steve Reinharz, CEO/CTO of AITX and RAD, attended the premiere of the film at the Gasparilla International Film Festival Thursday night in Tampa, Florida. “This is a really fun, entertaining movie, but sorry John and Kristin, our ROSA steals every scene it’s in.”

Cash Out stars John Travolta, Kristin Davis, Quavo, Lukas Haas and Sean Astin. It was directed by Ives and written by Doug Richardson and Dipo Oseni. The film is scheduled to be released in theaters by Saban Films on April 26, 2024

According to its producers, Cash Out is a fun, smart and witty cat-and-mouse heist film in the spirit of the classic Steve McQueen-Faye Dunaway thriller “The Thomas Crowne Affair.” Mason Goddard (Travolta) is a suave, debonair world-class master thief at the top of his game. Believing he has pulled off the perfect multi-million dollar heist and can finally retire, he must first match wits with a sexy FBI investigator (Davis).

Reinharz continued, “It’s so great to see one of our solutions appear in another big production, and doing what it’s designed to do, detect and alert others when bad things are about to happen, and in Cash Out, ROSA stays busy.”

Reinharz noted that still images of ROSA in action appear on Cash Out’s IMDB page.

“It’s important for the Company, our investors, fans and followers to see our solutions at work and at play,” concluded Reinharz. “Our efforts to feature RAD solutions in film, TV and through other avenues will continue.”

ROSA, (Responsive Observation Security Agent), is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

With RADDOG LE Gen2, RAD Further Leans into Law Enforcement Robotics

Detroit, Michigan, March 21, 2024 – 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.

Anticipating the positive response it has received to RADDOG LE Gen1’s initial deployment at the Taylor Police Department, RAD initiated plans in January of this year to produce 100 RADDOG LE Gen2 quadruped robot dogs, confirming the Company’s commitment to this emerging space and desire to be the leader. With strong interest from law enforcement agencies nationwide and the anticipated positive results from the Taylor Police Department deployment, RAD is poised to bring continuously improving robotic solutions to law enforcement.

RADDOG LE Gen2 models are expected to roll (walk) off the production line in the September/October timeframe to meet potential growing demand. Drawing from insights expected to be gathered during RADDOG’s initial deployment, RAD will focus on continuous improvements, incorporating new features and functionalities to ensure ongoing innovation. Ultimately, RAD aims to lead the way in the development and adoption of intelligent autonomous devices, contributing to the advancement of security and public safety globally.

“The City of Taylor’s 12-month, $35,000 subscription agreement for RADDOG LE Gen1 represents just the beginning of the revenue potential we anticipate from this next RADDOG LE production,” said Steve Reinharz, CEO and CTO of AITX and RAD. “The street value of the 100 RADDOG LE Gen2 units could deliver the Company possible revenue of $3.5 million in annual recurring revenue, but even more importantly give the Company the leadership position as the foremost solution in this space, a space that we believe will be large and essential.”

“We believe that one day every law enforcement officer will have a robotic canine companion of increasing intelligence and capability,” said Troy McCanna, Sr. VP of Revenue Operations and former FBI Special Agent. Coincidentally, McCanna was an FBI canine handler for 8 of his 23 years with the bureau. “With the increasing challenges of being a law enforcement officer we are certain that autonomous mobile devices will be an absolutely essential part of modern law enforcement in the very near future. We want RAD to lead the way.”

Annual recurring revenue (ARR) is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume, becoming cash flow positive, and ARR or RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

RADDOG LE Users in a New Era of Community Policing

Detroit, Michigan, March 20, 2024 – 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. This milestone underscores RAD’s commitment to revolutionizing the landscape of security and public safety through cutting-edge AI-powered, robotic solutions.

The integration of RADDOG LE by the Taylor Police Department represents a significant advancement in leveraging technology to enhance public safety and streamline operations within the community, supported by a dedicated team of approximately 100 sworn officers.

RADDOG LE, designed and developed by RAD, is a state-of-the-art quadruped robot dog modeled to support law enforcement agencies in a variety of operational scenarios. Equipped with advanced mobility, surveillance capabilities, and patrolling functions, RADDOG LE is poised to become an invaluable asset to the Taylor Police Department and other law enforcement agencies throughout the U.S.

Lt. Jeff Adamisin of the Taylor Police Department commented, “The robotic dog is a situational, defensive tool that gives its user a vision that may not be available without human risk.”

Chief of Police John Blair added, “It puts us face-to-face with the person or situation without a risk of harm. It can act almost like Zoom where you can have interaction without other possible problems.”

RAD’s Sr. Vice President of Revenue Operations, Troy McCanna, an ex-FBI agent of 23 years, expressed enthusiasm about the new addition, stating, “Together, we embark on a journey towards a safer and more technologically advanced future, where RADDOG stands as a beacon of progress and partnership. We sincerely hope that the addition of RADDOG within the Taylor PD will add a layer of safety for their officers, and work to de-escalate dangerous situations.” 

As of 2020, there were 17,985 police agencies, with more than 800,000 sworn law enforcement officers in the United States.

Steve Reinharz, CEO/CTO of AITX and RAD, highlighted, “The Taylor PD plans to exhaustively place RADDOG in real-world situations and share their findings and suggestions as we work to further develop future iterations of RADDOG. This historic relationship represents a significant milestone in the evolution of law enforcement technology, demonstrating how cooperation between public and private sectors can foster positive change for community safety. I truly foresee a future where a RADDOG accompanies every police cruiser on every call.”

RAD’s presentation of RADDOG LE to the Taylor Police Department attracted media attention with several Detroit television stations covering the event. The presence of multiple news outlets highlighted the significance of RAD’s innovative solutions for enhancing law enforcement capabilities in communities like Taylor.

WXYZ-TV, ABC in Detroit, coverage at 4pm ET, March 19, 2024

WXYZ-TV, ABC in Detroit, coverage at 6pm ET, March 19, 2024

WWJ-TV, CBS in Detroit, coverage at 4pm ET, March 19, 2024

The Detroit News, coverage March 19, 2024

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

Company Receives First Purchase Order for Newly Announced Access Control Solution

Detroit, Michigan, March 13, 2024 – 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.

Steve Reinharz, CEO/CTO of AITX and RAD, commented, “This is the first such solution of its kind that I’m aware of and the result of our Company constantly seeking to say, ‘yes’ to client solution requests.”

The opportunity came through one of RAD’s largest channel partners and continues RAD’s penetration and acceptance in the Oil & Gas industry.

Within the Oil & Gas industry, securing access to remote sites is essential for ensuring safety and protecting valuable assets. Traditionally, manned security guards have been deployed in these remote locations to manage access control. However, staffing personnel in such isolated areas presents significant challenges. Remote sites lack basic infrastructure and amenities, making it difficult to sustain a continuous manned guarding presence. Moreover, the logistics of transporting and accommodating security personnel in these environments can be both costly and risky. To address these challenges, there’s a growing trend towards deploying innovative access control solutions, such as RAD’s Solar AVA. These devices offer a cost-effective and efficient alternative to traditional manned guarding services, enhancing security while minimizing the risks and expenses associated with staffing personnel in remote oil and gas operations.

The Solar AVA system merges the technology of RAD’s award-winning AVA with the solar-powered foundation previously exclusive to RAD’s RIO line of solar-powered security towers. This integration represents a significant advancement, combining the intelligence and functionality of AVA with the reliable and portable energy solution of solar power. By leveraging the established success of RAD’s solar-powered infrastructure, Solar AVA offers enhanced versatility and efficiency, catering to a broader range of access control and security applications.

Reinharz added, “The potential for RAD’s security and access control solutions in the Oil & Gas industry is immense. We look forward to supporting and expanding our presence with these new clients as we do in all market sectors.”

With approximately 1.2 million oil and gas production facilities scattered across the United States, the industry forms a vast and intricate network crucial to the nation’s energy infrastructure. These facilities encompass a wide array of operations, including exploration, drilling, extraction, refining, and distribution, supporting both domestic consumption and global energy demands.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s RAD Updates Profitability and Financing Outlook

Company Confirms August 2024 Timeframe

Detroit, Michigan, March 12, 2024 — 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.

Steve Reinharz, CEO/CTO of AITX and wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), shared his enthusiasm for the Company’s progress, stating, “We’re continuing to see a reduction in the need for additional funding to sustain our operations, thanks to our rapidly increasing revenues. Achieving operational profitability by August 2024, if achieved, would be a point where our operations can be self-sustained without external financing which is not just a goal but would be a significant milestone for us.”

In the first month of the last fiscal year, March 2023, AITX reported revenues of $61,790. Fast forward to March 11, 2024, and the Company has billed in excess of $349,000 for the month (but not collected), marking an impressive 465% increase. This substantial growth in revenue, coupled with a mere 67% increase in the authorized share count over the same period, demonstrates effective use of capital and significant Company progress.

Reinharz added, “The continuous increase in our monthly revenue is a clear indicator of our momentum. We’re on track to have deployed over $500K worth of recurring monthly revenue by the end of April 2024, as we focus on completing the build-out and deployment of our existing backlog.”

It is important to note that deployed units typically commence billing within 30 days from installation, as this timeframe allows RAD to fully configure the units and obtain end-user acceptance and sign-off. This process is crucial to ensuring that each deployment meets the high standards of quality and effectiveness that RAD’s clients expect.

To support the completion of older backlog production, AITX has utilized $350,000 in inventory-secured debt from its previously announced $2 million line of credit. This strategic move is aimed at acquiring the necessary raw materials to meet production demands and continue the Company’s upward trajectory.

In conjunction with its strategic financial planning and in anticipation of achieving operational profitability, AITX has made the decision to increase its authorized share count from 10 billion to 12.5 billion. This proactive measure is designed to ensure the Company has the necessary flexibility to support its continued growth, fund operational needs, and optimize its capital structure in line with its ambitious business objectives. The decision to adjust the share count reflects AITX’s commitment to maintaining a robust financial foundation while pursuing opportunities that enhance shareholder value and accelerate the Company’s path to potential profitability.

Reinharz elaborated on this strategic decision, stating, “Increasing our authorized share count is a calculated step towards achieving profitability and more. Ultimately, we believe it’s a bargain to trade the potential of an additional 25% shares with growth that we have already proven we can achieve – now it’s about growing the momentum even further.”

The Company notes that an authorized share count increase does not make available the additional shares immediately, does not guarantee all shares will be released into the market and sets no timetable outside of the total authorized share count increasing.

AITX’s path to operational profitability is a testament to its innovative solutions, strategic financial management, and the growing market demand for AI-driven security technologies. As AITX approaches this critical milestone, the Company reaffirms its commitment to delivering exceptional value to its customers and shareholders.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

Momentum Building in 1st Month of Fiscal Year

Detroit, Michigan, March 7, 2024 – 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. With a focus on Autonomous Remote Services and advanced Firearm Detection technology, RAD remains committed to delivering innovative solutions that address the evolving challenges faced by organizations across various sectors.

Steve Reinharz, CEO/CTO of AITX and RAD commented, “As RAD engages with esteemed members of the security industry and healthcare professionals, we are continuing to foster meaningful discussions and sharing insights that contribute to a safer, more secure future. We look forward to demonstrating how our solutions empower businesses and institutions to enhance their security posture efficiently and cost-effectively.”

With the momentum gained from these events, RAD will be poised to make a significant impression at ISC West, where it will have the opportunity to amplify its reach, strengthen relationships, and unveil its latest advancements to a broader audience. ISC West’s reputation as the premier security trade event in the U.S. aligns perfectly with RAD’s mission to drive innovation and shape the future of security technology. At ISC West, taking place April 9-12 in Las Vegas, RAD will be participating in 3 discussion panels, 1 educational presentation and exhibiting in booth #20131.

Mark Folmer, CPP, PSP, FSyI, President of RAD, added, “As an industry disruptor in the security services space, it’s important for us to get in front of our peers and show them that the future of security is right now with RAD. I am very excited about the events we have on the calendar for the next few months.”

Reinharz added, “We appreciate the support and invitation from industry leaders like Allied Universal, IAHSS, SIA and Security Today magazine to help spread the word and share RAD’s success stories with the public.”

RAD’s upcoming conferences and webinars are:

IAHSS Great Lakes Chapter Meeting at the REX (RAD Excellence Center)

  • Date: March 15, 10:00 am – 12:30 pm ET
  • Location: The REX (RAD Excellence Center) in Ferndale, Michigan
  • Hosted By: The Great Lakes Chapter of IAHSS and RAD
  • Description: This hands-on event is by invitation only and closed to the public. The event, hosted by the Great Lakes Chapter of IAHSS in collaboration with RAD, will focus on “Security in 2024: The Impact of Automation and Robotics.” Experts from RAD and IAHSS will discuss the transformative power of security automation and robotics, including trends, innovative solutions, and future directions in security services.
 

2024 Healthcare Safety & Security Symposium

  • Date: March 22, 8:00 am – 2:00 pm ET
  • Location: 1 Hotel Nashville in Nashville, Tennessee
  • Hosted By: Allied Universal and RAD
  • Description: This symposium is by invitation only and closed to the public. It will address workplace safety and security in 2024, with a focus on recognizing and responding to workplace violence. Healthcare executives, facilities and risk management professionals, healthcare public safety and police departments, security-related departments, and security leaders are invited to attend.
 

Webinar: Enhancing Campus Safety: Practical Approaches to Advanced Firearm Detection Technology

  • Date: March 26, 2:00 pm – 3:00 pm ET
  • Hosted By: Security Today Magazine and RAD
  • Location: Online, register at tinyurl.com/rad-firearm-detection/
  • Description: This webinar is open to the public. It will introduce cutting-edge advancements in firearm detection technology tailored for campus environments. Steve Reinharz, CEO of RAD, will discuss practical and affordable strategies for implementing and optimizing these solutions. Troy McCanna, RAD’s Chief Security Officer and former law enforcement officer with 23 years in the FBI, will provide insights into integrating advanced firearm detection within campus security protocols. Moderated by Ralph Jensen, publisher of Security Today and Campus Security & Life Safety magazines, the webinar aims to equip attendees with actionable strategies and best practices for strengthening campus security measures.
 

The Company proudly distinguishes itself by openly sharing its upcoming event schedule with the community and extending invitations to investors to follow the Company’s activities. With a commitment to transparency and engagement, AITX recognizes the importance of keeping stakeholders informed about its strategic initiatives, industry engagements, and developmental milestones. By providing visibility into its event calendar, the Company aims to foster trust and transparency with investors while demonstrating its proactive approach to communication and investor relations. As a testament to its dedication to shareholder engagement, AITX invites investors to stay connected and informed about the Company’s progress as it continues to drive innovation and growth in the security technology sector.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s RAD Deploys Record Number of Devices in February

55 RAD Devices Begin Billing

Detroit, Michigan, March 5, 2024 – 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.

In the record-setting achievement, RAD has initiated billing for an impressive tally of security devices, including 20 RIO™ 360 units, 14 RIO 180 units, a combined total of 18 stand-alone ROSA™ units, 2 TOM units, and 1 AVA™ unit. This extensive solution mix highlights the broad appeal and applicability of RAD’s innovative product line, catering to a wide array of security and surveillance needs. 

Steve Reinharz, CEO of AITX and RAD, expressed his enthusiasm for this achievement, stating, “This is one of many milestones important on our journey towards achieving operational profitability. We continue to be focused on increasing the number of devices that can be built, deployed, and begin billing any given month. Furthermore, each device represents a step forward in our mission to enhance security and operational efficiency for our clients.”

Mark Folmer, CPP, PSP, FSyI, President of RAD, added, “Seeing such a diverse range of our products being deployed and starting the billing process within the same period is a testament to the depth and breadth of our portfolio. This achievement not only represents a significant revenue milestone but also solidifies our position as leaders in the AI-driven security space.”

As RAD celebrates this milestone, the Company remains focused on its commitment to providing state-of-the-art, AI-driven security solutions that address the evolving needs of its growing client base.

Sitting atop a RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

Discussion Items Included Company Performance, Points Related to the Stock and Other Material Items

Detroit, Michigan, March 4, 2024 — 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. 

During this engaging online event, AITX and RAD leadership provided responses to over a dozen investor submitted questions. Key discussion points included the latest company achievements, financial health, stock performance, and strategic plans aimed at fostering sustainable growth and innovation in the AI-driven security and productivity solutions sector.

Steve Reinharz, CEO of AITX and RAD took the opportunity to directly address questions from the investment community. Topics ranged from stock performance, RAD’s order intake and deployment milestones to updates on new product developments and enhancements in operational efficiencies.

“One of our core values at AITX and RAD is transparency, especially when it comes to our relationship with investors,” said Reinharz. “This AMA session is part of our ongoing effort to engage with our investor base openly and provide clear insights into our operations, achievements, and the challenges we navigate in our journey towards revolutionizing the security and productivity landscape.”

The AMA also covered important discussions regarding the Company’s stock, offering investors a candid look at the factors influencing current performance and management’s efforts to enhance shareholder value. Moreover, the session highlighted several material items that could impact the Company’s trajectory and investor interests, including strategic partnerships, market expansion efforts, and R&D advancements.

Investors and interested parties are encouraged to view the AMA session online at aitx-ama-030324 to gain a comprehensive understanding of AITX’s and RAD’s current position and strategic direction. The Company remains committed to maintaining an open line of communication with its investors, believing that informed shareholders are essential to AITX’s and RAD’s long-term success.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

RAD Experiences Its Strongest Order Intake Year to Date

Detroit, Michigan, February 29, 2024 — 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.

This accomplishment by RAD is particularly notable given the global challenges faced by businesses over the past year. The Company’s ability not only to navigate these challenges but also to thrive, underscores a strong and growing interest in AI and robotic solutions that enhance security and improve overall operational efficiency.

Mark Folmer, CPP, PSP, FSyI, President of RAD, commented on reaching the milestone, “Hitting 400 orders is a clear indication of RAD’s leadership in the AI-driven security solutions market. We are proud to play a pivotal role in defining the future of security and productivity with our innovative solutions. We eagerly anticipate closing out the fiscal year and are optimistic about what the final tally will reveal.”

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

RIO Production Ramps Up as Demand Surges

Detroit, Michigan, February 27, 2024 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. Every component and stage of the manufacturing process has been scrutinized to find ways to reduce costs while improving performance. In Gen 4, we’ve found the perfect recipe.” 

The Company noted that RIO Gen 4 is a further optimization of Gen3 and specifically incorporates  enhancements to realize procurement, assembly, shipping and deployment improvements. Materials, labor, shipping, and deployment costs are projected to provide up to 25% in cost savings with Gen 4 than the present Gen 3 devices over the entire length of the production run. 

Reinharz continued, “The potential revenue from the successful deployment of 1000 RIO units, when added to our existing revenues is significant. As we have discussed internally, we appear to be entering a new chapter in the story of AITX, an exciting chapter where we turn the corner towards operational profitability and additional capabilities to sustain our exponential growth.”  

In a press release dated September 28, 2023, the Company indicated that production of RIO Gen 4 was expected to commence in March 2024. 

Mark Folmer, President of RAD, stated, “It’s a credit to our incredible engineering teams that we are ahead of our stated target of beginning the 1000-unit production run in March given we started the logistics process for this in January. Gen 4 will immediately provide a variety of cost savings related to assembly time with ROSA Gen 4 but perhaps most importantly with shipping and deployment. As we grow, I’m using the revenue-per-employee measurement to track our efficiencies.” 

The Company expects to issue updates related to total devices contracted in Fiscal Year 2024 (ending February 29, 2024), deployed units, RADDOG LE, sales and revenue growth in the coming weeks. 

The Company reminds readers of its upcoming ‘Ask Me Anything’ on Sunday, March 3, 2024, details of which can be found here: http://tinyurl.com/aitxama/.

Sitting atop a RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country. 

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

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

Detroit, Michigan, February 20, 2024 — 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 been sharing sales and revenue results that show exponential growth. Three top executives from AITX will participate and discuss what this means for the future of the Company. The live discussion will be hosted by Eric Kemnitzer of the popular Buffalo Fireside Chats on Sunday, March 3, 2024, at 12 noon Eastern Time.

Steve Reinharz, CEO/CTO of AITX and RAD will be joined by AITX CFO Anthony (Tony) Brenz and Troy McCanna, Senior Vice President of Revenue Operations at RAD as they discuss a wide array of issues related to AITX’s and RAD’s operations, the marketplace’s accelerating adoption of their innovative technology, production backlog, organizational and sales pipeline growth, the Company’s financial management, and the path towards potential cash flow positivity.

“We’re very excited to conduct another AMA session with Buffalo Fireside Chats,” said Reinharz. “We will have just closed out our fiscal year 2024 and I look forward to giving an update to our investors, followers, and fans. This session should be very informative since I’ll be joined by Tony and Troy, sharing their perspectives on the Company’s financial outlook and the growing sales pipeline.”

“Steve has consistently proven himself to be a stellar guest, remarkably accessible, and one of the most transparent OTC CEOs we’ve had the pleasure of interviewing,” commented Buffalo Fireside Chats’ Kemnitzer. “With his insightful perspectives and candid approach, this upcoming session promises to be nothing short of exceptional. We eagerly anticipate delving into thought-provoking discussions and gaining valuable insights into the exciting developments at AITX and RAD.”

AITX continues to deliver on its commitment to clear communication and transparency with this AMA.

The live interview will be streaming on YouTube Live at 12 noon Eastern Time, Sunday, March 3, 2024. For those unable to tune in live, the recording will be made available for viewing at a later time. More details regarding this will be provided through AITX’s official communication channels.

The Company is presently accepting ‘Ask Me Anything’ questions. Interested parties are encouraged to submit their questions online at http://tinyurl.com/5b5mpfhm.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

RAD Devices to be Equipped with the Ability to Detect and Potentially Thwart ATM Theft

Detroit, Michigan, February 15, 2024 – 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. A Hook and Chain attack involves attaching one end of a chain or cable to an ATM and using a vehicle to exert force on the machine, usually by pulling the chain with the vehicle, with the objective of forcefully open the ATM’s safe doors, allowing thieves to access the cash inside. With this development, RAD continues to lead the charge in providing cutting-edge security solutions tailored to meet the evolving challenges faced by financial institutions and other enterprise clients.

Steve Reinharz, CEO/CTO of AITX and RAD commented, “This important addition to our growing suite of AI analytics is just another example of how RAD is listening, and responding, to the needs of our clients and prospects. Since the very beginning, RAD has been in the business of saving clients’ money through innovative AI-powered solutions. This new analytic is the embodiment of that mission.”

According to a report by ATM Marketplace, the FBI reported 254 thefts in 2021, up from 229 in 2020 and 31 in 2019. Hook and chain attacks were the leading ATM crime, in which thieves steal the cash from an ATM machine and cause extensive property damage, sometimes with loss and damages approaching $500K per incident.

Mark Folmer, CPP, PSP, FSyI, President of RAD, added, “The Hook & Chain analytic was requested during discussions with a leading national bank with over 1000 branches. It’s foreseeable that soon a large number of these locations will implement a ROSA or RIO to provide that extra layer of defense, security and safety.”

ATM attacks result not only in direct financial losses from stolen cash and property damage but also in significant reputational and financial impacts for banking institutions. The public perception of a bank’s security and trustworthiness can be severely damaged in the aftermath of such attacks, leading to a loss of customer confidence and potential erosion of market share. Moreover, the costs associated with investigating and resolving these incidents, including legal fees, regulatory fines, and public relations efforts to restore trust, can further strain financial resources.

Troy McCanna, RAD’s Senior Vice President of Revenue Operations, expressed optimism, stating, “This new analytic has the potential to propel RAD further into the banking and finance market segments. We currently have highly satisfied banking clients who are eager to implement the ATM attack detection analytic. Additionally, our sales pipeline includes several significant banking opportunities, and this enhancement should help move them closer to completion.”

For more information on RAD’s security and safety solutions for the banking industry, please visit http://tinyurl.com/4rcaxv72

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

Detroit, Michigan, February 12, 2024 — 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.

Furthermore, the Company reports that January 2024 invoiced SaaS revenue was 383% greater than January 2023 invoiced revenue, coming in (unaudited) at $226K for the month. On January 29, 2024, the Company announced that booked recurring monthly revenue (RMR) was up 476% over the previous year. The Company expects to add $50K in RMR of deployments in February 2024 as the Company’s final day of its fiscal year is February 29, 2024.

The distinction between booked revenue and invoiced revenue resides in their respective timing: booked revenue signifies orders currently in progress and being produced, while invoiced revenue denotes revenue recognized upon deployment and subsequent customer acceptance.

Steve Reinharz, CEO of AITX and RAD, remarked, “Breaking the $500K RMR milestone keeps us on track to hit the immediate big target of $700K RMR, which should bring SaaS revenues within the range of operationally positive cash flow, which is a huge milestone for us and any company for that matter.”

Mark Folmer, CPP, PSP, FSyI, President of RAD, expressed enthusiasm, stating, “We continue to get better and faster at producing and deploying units. We appear to be on track to have double production capacity in place by the end of March as we work hard to get to the point of being able to deploy $100K RMR. This is critical to our high growth goals.”

Troy McCanna, RAD’s Sr. Vice President of Revenue Operations, commented, “We have a strong and growing sales funnel with some incredibly large opportunities. However, conservatively continuing at roughly the current rate of monthly sales we could hit $700K in booked RMR in May 2024. This, if it happens, and if we can get these devices deployed, puts us in a good position in July to achieve the $700K invoiced RMR.”

Reinharz added, “Back in November 2023 at our annual Town Hall we projected that we would hit $700K in total revenue by August 2024. It looks like we’ll hit that total revenue number before August and that in August our RMR plus other revenue could be beyond $800K. We are working to hit and even exceed these targets. As always, the situation is fluid, anything can happen and there are no guarantees but given recent performance we’re confident in sharing these estimated projections.”

RMR is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume, becoming cash flow positive, and RMR. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s RAD Announces First Municipal RADDOG Adoption

City of Taylor, Michigan, Welcomes Its First RADDOG 2LE to the Police Force in Historic Move

Detroit, Michigan, February 8, 2024 – 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.

The City of Taylor, recognized as the fifth most populous city in Wayne County and the 17th across Michigan, boasts a population of 63,409 as per the 2020 census. With a dedicated force of approximately 100 sworn officers, the inclusion of RADDOG 2LE represents a significant step forward in leveraging technology to enhance public safety and operational efficiency within the community.

RADDOG 2LE, designed and developed by RAD, is a state-of-the-art robotic system modeled to support law enforcement agencies in a variety of operational scenarios. Equipped with advanced mobility, surveillance capabilities, and patrolling functions, RADDOG 2LE is set to become an invaluable asset to the Taylor Police Department.

RAD’s Sr. Vice President of Revenue Operations, Troy McCanna, an ex-FBI agent of 23 years, expressed enthusiasm about the new addition, stating, “The integration of RADDOG 2LE into police forces is a testament to our commitment to delivering innovative solutions for public safety. We are proud to be at the forefront of this technological advancement, setting a precedent for modern policing that could shape the future of law enforcement operations, not just in Michigan, but nationwide. I wish we had this device when I was an active agent as I’m certain it will provide critical escalation functions while enhancing officer safety.”

On January 24, 2024, the Taylor Police Department commented on social media following their final RADDOG 2LE demonstration, “This tool can be used as an additional resource for multiple emergency situations that can help law enforcement. The robot can be deployed to assist in incidents where our officers and citizens can be in immediate danger and potentially provide a safer solution and reduce the risk in dangerous circumstances.”

Mark Folmer, CPP, PSP, FSyI, President of RAD, also commented on this milestone, “We are honored to partner with the City of Taylor and its Police Department. This deployment marks a significant achievement for RAD, demonstrating the trust and confidence that the City of Taylor has placed in our technology. We believe that RADDOG 2LE will prove to be a game-changer in enhancing the capabilities of the Taylor Police Department.”

Steve Reinharz, CEO/CTO of AITX and RAD, noted “We will continue to invest in improving this technology with an eye towards being budget friendly. We strive, in time, to develop a version of RADDOG that will be every law enforcement members’ best friend and riding in every car on every patrol. It may take time, but this concept has tremendous potential, and it starts today.”

The deployment of RADDOG 2LE in Taylor is expected to pave the way for further adoption of robotic assistance within public safety and law enforcement agencies across the country, highlighting the potential for such technology to complement and enhance the efforts of human officers.

As the City of Taylor and RAD embark on this pioneering journey, both parties look forward to witnessing the positive impact that RADDOG 2LE will have on the community, setting a benchmark for innovation in public safety.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

Detroit, Michigan, February 5, 2024 – 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.

The request for an accelerated rollout comes as RAD has been approximately one month ahead of expectations in the delivery schedule for Phase 2 and Phase 3 of the client’s deployment plan. These additional 34 units are slated for deployment across 9 new sites, contributing to RAD’s growing presence in potentially hundreds of the client’s locations nationwide. Currently, RAD is on track to having its devices operational in approximately 50 of the client’s sites per existing contracts.

Mark Folmer, CPP, PSP, FSyI, President of RAD, expressed optimism about the Company’s performance and its impact on future business: “Our team’s ability to exceed the rollout expectations has positioned us favorably for future opportunities. We are hopeful that our continued success will pave the way for further orders, potentially covering hundreds more of the client’s job sites.”

The expansion of RAD’s production capabilities is timely, with Troy McCanna, Sr. Vice President of Revenue Operations at RAD, highlighting the team’s scalability: “The addition of two new business development managers to our team this month enhances our capacity to meet the growing demand from our clients. We’re scaling up production to ensure we can deliver on our commitments without delay.”

Steve Reinharz, CEO of AITX and RAD, shared insights into the Company’s production goals and future developments: “We are actively working to increase our production capacity for RIO units to up to 20 units per week. This ramp-up is crucial as we prepare to introduce ‘Generation 4’ of our RIO and ROSA, which promises not only enhanced features but also more efficient production processes.”

These 34 additional RIO orders are expected to generate over $50,000 in recurring monthly revenue (RMR), significantly contributing to RAD’s near-term goal of achieving $700,000 in RMR. “With these latest orders, there’s a strong possibility that the fourth quarter could record our largest booking of contracts to date,” McCanna added.

Reinharz also hinted at the upcoming innovations: “Our team is hard at work finalizing RIO Generation 4 and transitioning ROSA 4 to production. These next-generation devices will boast fewer parts, reduced costs, faster production times, and new features, marking significant advancements in our product offerings and further increasing our technical lead.”

This series of successful orders and the anticipation of new product generations underscore RAD’s commitment to leading the security and surveillance industry with innovative solutions that meet the evolving needs of its clients.

RMR is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

As stated, sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

Detroit, Michigan, February 1, 2024 – 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.

SelectBlur is a user-friendly application that allows clients to selectively blur faces in video footage, ensuring the privacy of individuals who are not the focus of the surveillance. The application supports almost any video format and operates entirely on the desktop, eliminating the need for cloud-based processing and thereby further enhancing the security of sensitive data.

One of the key features of SelectBlur is its ability to process videos quickly and securely, making it an ideal tool for distributing footage without compromising the privacy of uninvolved individuals. This capability is particularly crucial considering the wide availability of internet tools that can compromise anonymity by revealing identities from uploaded photos.

The development of SelectBlur was initiated by a suggestion from a prospective client navigating through RAD’s sales funnel, demonstrating RAD’s agility and responsiveness to market needs. This collaboration underscores RAD’s ability to not only meet, but anticipate client requirements, further enhancing its value proposition in the security sector. 

“SelectBlur is a direct response to the evolving needs in the security landscape,” said Steve Reinharz, CEO of AITX. “In a world where privacy concerns are paramount, this application allows facility owners and law enforcement to publicly release video content responsibly and, in many cases, quickly. This helps protect individual privacy and reduce potential liability.”

Mark Folmer, President of RAD, added, “SelectBlur is more than just a software solution; it’s a testament to RAD’s commitment to addressing real-world security challenges. While we don’t anticipate it to be a major revenue driver, it adds significant value to our existing suite of analytics and security solutions.”

Pricing and additional details for SelectBlur are available through RAD’s dealer and distribution channel. The application is expected to attract new clients while providing added value to RAD’s existing customer base.

For in-depth details and to request pricing information, please email info@radsecurity.com or visit www.radsecurity.com.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

Detroit, Michigan, January 29, 2024 — — 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.

January 2024 booked sales are on pace with the approximate 400% increased revenue bookings the Company has enjoyed since the summer of 2023.

In January 2023, the Company booked six units with 12-month contracts, and another six units for pilot projects and dealer demonstration units. The 12-month contracts produced approximately $54,000 in annual recurring revenue.

In contrast, the 26 RAD devices booked in January 2024, all of which are on a minimum 12-month contract, are set to produce approximately $258,000 in annual recurring revenue, when fully deployed.

Among the January orders, three orders totaling 8 units are for existing clients expanding their RAD deployments, demonstrating continued trust and satisfaction in RAD’s solutions. A significant new client in Hawaii has ordered their first 4 ROSA units, marking what potentially could be the beginning of an extensive, lucrative relationship. Additionally, 12 units, a combination of ROSA and RIO units, are fulfilling the previously announced order for a Midwest grocery chain. The final 2 units, concluding a 12-month negotiation process through one of RAD’s large dealers, further exemplifying the Company’s growing market reach and penetration.

Troy McCanna, Sr. Vice President of Revenue Operations at RAD, commented, “We’re seeing an unprecedented level of orders awaiting final client signature. This reflects not only the growing demand for our solutions, but also the confidence clients are placing in our technology.”

Mark Folmer, CPP, PSP, FSyI, President of RAD, added, “The advancement in discussions for larger-scale rollouts with key customers is moving at an encouraging pace. This is indicative of our growing footprint in the security solutions market and the effectiveness of our offerings.”

Steve Reinharz, CEO of AITX and RAD, stated, “We are committed to making careful investments in sales and R&D while watching revenues grow as we work to control core SG&A expenses. Our primary focus remains on balancing competing needs to achieve positive operational cash flow, a milestone that will mark a significant achievement for the Company.”

This impressive start to CY 2024 represents RAD’s commitment to innovation and customer satisfaction, setting a positive tone for the year ahead and reinforcing the Company’s trajectory towards operational profitability.

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

Detroit, Michigan, January 22, 2024 — 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.

The deal includes the deployment of RAD’s innovative security solutions to six grocery stores. Five of these stores will each receive one ROSA (Responsive Observation Security Agent) unit and one RIO 360 (ROSA Independent Observatory) unit. The sixth store will be equipped with two RIO 360 units. Upon full deployment and acceptance by the client, this order is expected to generate an estimated $165,000 in annual recurring revenue for RAD.

This deployment is particularly noteworthy as it represents the first time RAD’s RIO units are being utilized in a multi-location retail environment. RIO, RAD’s advanced, solar-powered security solution, is designed to address unique security challenges faced by retail outlets, offering enhanced surveillance and safety measures.

Steve Reinharz, CEO of AITX, commented, “This order is a testament to the growing recognition of RAD’s solutions in the retail sector. The deployment of our units in a multi-location grocery chain not only demonstrates the versatility and effectiveness of our products but also opens a significant market opportunity in the vast network of grocery stores across America.”

The grocery retail sector in the U.S. presents a substantial market potential for RAD’s innovative security solutions. With thousands of grocery stores nationwide, each facing unique security and operational challenges, RAD’s technology offers a scalable and efficient solution to enhance safety and security in these environments.

Mark Folmer, CPP, PSP, FSyI, President of RAD, added, “We’re excited about the prospects this deployment opens for us in the grocery retail sector. This is a key industry with specific security needs where our technology can make a significant impact. It’s another step closer to the company achieving operational positive cash flow.”

This new order from the Midwest grocery chain is a significant stride for RAD in its journey towards expanding its footprint in the retail sector and achieving operational positive cash flow. It underscores the adaptability and effectiveness of RAD’s security solutions in diverse commercial settings.

Troy McCanna, Sr. Vice President Revenue Operations at RAD, shared his insights on this significant development, “This new partnership with the Midwest grocery chain underscores the competitive edge that ROSA brings to the retail security sector. ROSA’s unique blend of advanced surveillance technology, real-time analytics, and autonomous response capabilities played a pivotal role in sealing this deal. Its ability to effectively address a wide range of security challenges – from loitering and trespassing to providing immediate incident response – makes ROSA an invaluable asset for retailers looking to enhance safety and efficiency across multiple locations.”

Sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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, January 17, 2024 — 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.

Management encourages all AITX investors, fans, and followers to thoroughly review the full SEC filing at http://tinyurl.com/ye6wbdpa and wishes to highlight three critical areas of performance:

  1. Robust Growth in Recurring Monthly Revenue (RMR):

For the three months ended November 30, 2023, AITX reported RMR of $416,062, which is 2.7 times that of the $154,628 earned in the same period in 2022. This substantial growth in RMR, a key metric for the company, underscores continued strong growth.

Management reported that the quality of the sales funnel continues to improve and is looking to add two salespeople to the team to continue to accelerate sales.

  1. Decrease in SG&A Expenses:

During the period of robust growth, the Company reported a 9% decrease in SG&A expenses for the nine months ended November 30, 2023, totaling $9,038,313, compared to $9,928,144 for the same period in 2022. For the three-month period ended November 30, 2023, SG&A expenses were $2,766,523, an 8% decrease from $3,002,282 for the corresponding period in 2022. These reductions are calculated net of non-recurring bonuses and demonstrate AITX’s continued focus on efficiency and cost management.

Management will continue to strive for additional cost controls in Q4 of AITX’s fiscal year (December 1, 2023 through February 29, 2024).

  1. Extension of Debt Maturity:

AITX successfully extended the maturity date of approximately $10.8 million of debt with its key lender. The terms of the various loans have been extended by approximately two years, the debt has been reclassified from current to long-term and ensuring there are now no defaults of these loans within these new terms. This improves the company’s liquidity profile. Notably, the lender did not request additional compensation for this extension, reflecting confidence in AITX’s financial health and future. As with all of AITX’s long term debt there are no monthly payments or other servicing required. Note that this lender has extended these loans in the past as well.

Steve Reinharz, CEO of AITX, expressed his satisfaction with these developments, stating, “We’re extremely pleased with the progress we’ve made over the past year. The significant growth in our Recurring Monthly Revenue is a testament to the strength and appeal of our solutions in the market. Moreover, the reduction in SG&A expenses reflects our commitment to lean and efficient operations. Lastly, the demonstration of support from our key lender, extending over $10 million in debt by 2 years, is simply fantastic and allows us to continue to focus on building the business and reaching positive operational cash flow.”

Mark Folmer, CPP, PSP, FSyI, President of RAD, also commented on the financial results, “The numbers speak volumes about our strategic direction and operational efficiency. This performance is a clear indication of our team’s hard work and dedication to achieving our financial goals.”

AITX is poised to continue its growth trajectory, building on these positive financial results, and strengthened liquidity position. The Company remains dedicated to delivering innovative AI-driven security solutions while maintaining a strong focus on financial health and operational efficiency.

Recurring Monthly Revenue (RMR) is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

Detroit, Michigan, January 9, 2024 — 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.

A pilot program began during the summer of 2023 with 1 ROSA unit positioned to protect one of the client’s office’s parking lots, while a second ROSA secured an ATM vestibule at a selected bank branch. The deployments were in different states to help demonstrate RAD’s capability for multi-state roll-out and support. This expansion order follows the successful pilot-to-full deployment trajectory, reflecting the security services industry’s growing confidence in RAD’s technology. Additional details regarding the pilot program can be found in a press release dated May 8, 2023: AITX’s Subsidiary, Robotic Assistance Devices, Receives ROSA Order from Regional Bank Group.

“This client expansion represents a significant achievement for RAD,” commented Steve Reinharz, who serves as both the CEO of AITX and RAD. “It is gratifying to see a prominent banking group recognize the outstanding performance, security, and cost-saving advantages that ROSA offers after the extensive testing they completed. We look forward to successful phase 1 roll out and further potential expansion throughout regional and national banks. The potential opportunity is incredibly exciting.”

Furthermore, the Company noted that discussions continue regarding future expansion orders with an expectation that this year the roll out will be to 22 branches.

Mark Folmer, CPP, PSP, FSyI, President of RAD added, “Nice wins like expansion order this take the amount of time that they take, but it’s worth the wait and the effort. This order could help convince a few other banks in the RAD sales pipeline to share in the enthusiasm this client has for ROSA.”

According to a study published by Pinkerton, there are approximately 400,000 ATMs in the U.S. Although these machines offer convenience, they also introduce an elevated level of vulnerability for bank customers, thereby presenting an additional dimension of risk that financial institutions must consider. Notably, incidents of ATM-related crimes in the U.S. surged by a staggering 600% between 2019 and 2020. The prevalent forms of these crimes encompass physical assaults on the ATMs themselves, the illicit installation of card skimming devices to pilfer customer data, and personal assaults occurring at the ATM locations.

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

Detroit, Michigan, January 2, 2024 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, through its subsidiary Robotic Assistance Devices (RAD), anticipates that, on the conservative side, an additional $5.5 million in annual recurring revenue will be added to its current tally of approximately $5 million in annual recurring revenue throughout 2024. This projection is based on the utilization of existing sales resources as of January 2, 2024. This would effectively double the revenue run rate in 2024. Although the Company forecasts 2x the revenue run rate as the conservative estimate, the Company sees an up to 4x increase in run rate as the aggressive forecast.

Troy McCanna, Senior Vice President of Revenue Operations at RAD, commented, “We feel that we’ll land somewhere between the conservative estimate, which is doubling the revenue run rate, and up to 4x the revenue run rate, which would quadruple it. We have many tools to help get us there. Whether dealers ramp up their sales efforts, we onboard more clients like the $3 million per year client we mentioned in late November, RAD Light My Way becomes standard across healthcare, firearm detection grows adoption, or RIO continues to grow at its current rate, we have many paths and avenues towards more significant sales growth. That’s without mentioning AVA, our most profitable solution, growing its user base throughout the logistics industry. We’ve got many solutions, a worthwhile stretch goal, and you can bet we’ve got the motivation to get there.”

Mark Folmer, CPP, PSP, FSyI, President of RAD, stated, “Our sales team, despite facing challenges in 2023, including staffing fluctuations and various leaves of absence, has grown into a tight team fully connected to our operations team members that are critical to successful implementations. With our plans to strengthen the sales force throughout 2024, we are optimistic about achieving and potentially surpassing our revenue targets.” 

The sales team that begins 2024 is as follows: one member primarily managing the dealer channel, another hunts large enterprise accounts, there is an open position focused on healthcare and higher education, plus Mr. McCanna will continue driving demand and managing the team. Continued contributions are also anticipated from Folmer, and Steve Reinharz, CEO of AITX and RAD, along with continued expansion of business from existing clients. Dependent on revenue growth and potential, the Company seeks to add as many as 3 additional business development personnel in 2024.  

“Our focus remains on sustainable growth. The projected increase in our annual recurring revenue is a step towards not just closing our profitability gap but also establishing RAD as a dominant player in the AI security market,” Reinharz added. 

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Recurring Annual Revenue To Break $5 Million

Based on New Booked Orders and Committed Orders Putting AITX Over the $5 Million Milestone

Detroit, Michigan, December 21, 2023 — 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.

With a cashflow break-even estimated at $7 million in annual recurring revenue the Company appears to be fulfilling its growth forecast as described at the November 3, 2023 Investors Conference that is available on the AITX YouTube channel. The Company noted that revenues from implementation, training and monitoring are not included in the $7 million recurring revenue goal.

Mark Folmer, CPP, PSP, FSyI, President of RAD commented, “We are profoundly grateful for the dedication of our team and the trust of our customers that have brought us to the cusp of achieving $5 million in recurring annual revenue. It’s been a journey to get to this point and I’m looking forward to fulfilling our 2024 projections. This remarkable milestone fills us with optimism as we envision an even brighter future, fueled by the unwavering support of our valued clients and the relentless pursuit of excellence from our entire organization.”

Steve Reinharz, CEO of AITX and RAD noted, “It’s said the first $5 million in annual recurring revenue is the hardest. I’m excited to share updated projections next year of our continued growth forecasts.”

Recurring revenues offer a consistent and reliable income stream that businesses can depend on, providing financial stability and the ability to plan for the future. Unlike sales revenue, which can fluctuate unpredictably, recurring revenues foster lasting customer relationships and sustainable growth opportunities.

Achieving recurring monthly revenue (RMR) is contingent upon several factors, including RAD producing and delivering the ordered products, customer acceptance of said deliveries, proper operation, client acceptance, client payment and any other issues that could interfere with these activities. RMR is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

Detroit, Michigan, December 14, 2023 — 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.

“RAD’s dealer channel continues to attract the most forward-looking and innovative market disruptors, just like RAD,” said Troy McCanna, Senior VP of Revenue Operations at RAD. “We’ve now got the broad national and tight regional coverage we could ask for. What we need to do now is to help pour fuel on their fire and greatly expand their business opportunities.”

Vista International Security, headquartered in Southfield, Michigan services the nation with technology-driven guarding solutions.

IT Installs, located in Sarasota, Florida provides nationwide installation services for all types of IT and security services equipment. IT Installs specializes in helping retailers and medical offices open new locations and upgrade existing locations.

Reliance Security, a veteran-founded small business, is Nevada’s leader in providing cutting-edge security services and solutions for individuals, businesses and events located in Las Vegas, North Las Vegas, Henderson, Boulder County, Clark County, Pahrump and Reno.

“We are tremendously excited about presenting RAD’s AI-powered solutions to our clients and prospects throughout Nevada,” said Joel Logan, Chief Executive Officer at Reliance Security. “Our clients are eager to embrace new tech that works and saves them money.”

Two other new dealers will be revealed at a later date.

When it comes to demonstrating RAD solutions to clients and prospects, RAD authorized dealers must obtain a demonstration unit. McCanna added, “Most new dealers acquire a ROSA™ system, it’s RAD’s most popular solutions and demonstrates effortlessly, showcasing RAD’s distinctive ‘security-in-a-box’ simplicity.”

McCanna noted that P4 Security Solutions also ordered a RIO 360 in addition to their ROSA demonstration unit.

Steve Reinharz, CEO of AITX and RAD commented, “I get the sense that with every new dealer we add to our distribution channel, the entire industry moves that much closer to accepting that RAD represents the future. Adopting low-cost, hi-performance, AI-powered solutions is the answer.”

With the addition of these new authorized dealers, RAD’s dealer network has expanded to 69, covering the US, Canada, and the European Union.

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

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

Detroit, Michigan, December 12, 2023 — 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.

For the quarter ended November 30, 2023, RAD booked 144 devices on order, a 435% increase over the number of devices ordered in Q3 of FY2023 (33 units). The Company’s FY 2024 will end February 29, 2024. The company defines an ‘order’ as either a minimum 12-month contract or a dealer demonstration unit. Pilots, proof of concepts or other types of deployments are not included in this number. Additionally, the Company has not shared revenues related to deployment fees, training, and monitoring contracts.

The Company’s FY 2024 Q3 order intake is $151,000 in RMR which, only if fully realized for the contract lengths of 12 months minimum, will equal over $1.8 million in additional annual revenue, contingent upon several factors, including RAD producing and delivering the ordered products, customer acceptance of said deliveries, proper operation, client acceptance, client payment and any other issues that could interfere with these activities. This represents a 484% increase on the same performance over the same period in FY 2023.

“The two last quarters have been record breaking, and we’re thrilled to share that our production and operations departments are meeting the challenges of these amazing sales increases,” said Steve Reinharz, CEO of AITX and RAD. “As usual, we won’t rest for long as we’re now focused on the final quarter of the fiscal year. We’re excited to build on this success, as we further our drive to becoming cash flow positive results.”

Sales intake statistics of interest during the quarter include:

  • ROSA and its several varieties (RIO™ 360, RIO 180) remains RAD’s breakout success
    • 72 ROSA standalone units
    • 44 RIO 360 units
      RIO 360 is a dual-ROSA configured solar powered security tower
    • 28 RIO 180 units
      RIO 180 is also a solar powered security tower configured with a single ROSA
  • 46% of all units placed on order were facilitated by RAD’s dealer channel

Reinharz added, “The anticipated RMR from these 144 units is expected to exceed $150,000 per month once deployed. When combined with the RMR we currently generate from the several hundred existing units in the field, as this trend continues, it could potentially lead to the Company achieving a cash flow positive by our target of mid-2024.”

Recurring Monthly Revenue (RMR) is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price. The realization of the revenue referenced above is contingent upon several factors, including RAD producing and delivering the ordered products, customer acceptance of said deliveries, proper operation, client acceptance, client payment and any other issues that could interfere with these activities

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary Robotic Assistance Devices Announces New Position of Senior Vice President of Revenue Operations

Troy McCanna Promoted to New Dual Role

Detroit, Michigan, December 6, 2023 — 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).

McCanna’s two years with RAD have been marked with notable successes and he has participated in the capture of over 50% of RAD’s sales. McCanna is an esteemed security professional with a background that began as a municipal city police officer that led to a distinguished 23-year career as an FBI Agent and included extensive experience as a Multi-Jurisdictional Task Force Coordinator/Supervisor. His contributions have been crucial in various national and local security events, including post-9/11 duties and active shooter incidents throughout the Midwest. McCanna’s expertise and experience bring unparalleled depth to his role at RAD.

Upon accepting his new role, McCanna expressed, “I am truly honored to take on this expanded responsibility. My journey, from law enforcement to the FBI, and now with RAD, has been incredibly rewarding. I am excited to leverage my experience to further drive the Company’s growth and continue our mission of redefining security solutions through innovative AI technology.”

Mark Folmer, CPP, PSP, FSyI, President of RAD, commented on McCanna’s promotion, “Troy is the epitome of leadership and commitment. His extensive background in security and his impressive track record at RAD make him the ideal candidate to lead our business development efforts. We are confident that under his guidance, RAD will achieve new heights in revenue growth and continue to make significant strides in the industry.”

McCanna’s promotion is a strategic move for RAD, aligning with the Company’s goals for expansion and growth in the AI security solutions market. His leadership and vision are expected to play a pivotal role in steering the company towards significant revenue growth and greater market penetration.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price. The realization of the revenue referenced above is contingent upon several factors, including RAD producing and delivering the ordered products, customer acceptance of said deliveries, proper operation, client acceptance, client payment and any other issues that could interfere with these activities.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Secures $2 Million Commitment in Non-Dilutive Funding

Detroit, Michigan, December 4, 2023 — Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX), a global leader in AI-driven security and productivity solutions, proudly announces a significant financial milestone. The Company has secured a flexible line of credit up to $2 million, backed by early investors from its initial friends & family raise in 2016 and 2017.

The specifically tailored financing arrangement offers AITX materials purchasing flexibility, with a 5-month grace period between fund receipt and repayment commencement so that future cashflows will be split between loan repayment and contribution to operating expenses. This custom timing was designed to synchronize seamlessly with the Company’s manufacturing, deployment, invoicing, and collection average timelines, ensuring debt payments are covered by new potential revenue streams.

The initial installment of $350,000 was received on Friday, December 1, 2023.

Anthony (Tony) Brenz, CFO of AITX, stated, “This is an important moment that proves our early investors’ support and confidence in our vision and business model. This type of tailored financing by early investors is unprecedented in my career and I couldn’t be more thrilled to share this news with our community.”

This non-dilutive financial instrument allows AITX to pay off each loan portion in approximately 17 months, assuming planned payments. There are no commitment shares, warrants, options, or conversion options included in this arrangement making it wholly non-dilutive.

“This line of credit is a key enabler in our growth strategy without putting additional stress on dilution,” Reinharz added. “It allows us to fulfill our current commitments by completing the delivery of contracted but unbuilt devices as of November 17, 2023. This financial flexibility is crucial for our ongoing success and positions us strongly for future growth.”

This announcement demonstrates AITX’s robust financial planning and commitment to sustainable growth, showcasing its innovation not only in technology but also in its approach to business and financial management.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Books a 56 Unit ROSA Expansion Order Through its Subsidiary RAD

Detroit, Michigan, November 30, 2023 — 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 large expansion order from a major big box retailer. The order was facilitated through one of RAD’s largest national authorized dealers.

This expansion order follows a successful pilot-to-full deployment trajectory, reflecting the growing confidence in RAD’s technology in logistics, warehouse, and distribution center environments. Additional details can be found in a press release dated July 27, 2023: AITX’s Subsidiary, Robotic Assistance Devices, Books Order for 27 ROSA Security Robots from Leading Retail Chain. Notably, this expansion does not involve the end user client’s retail side but focuses exclusively on their extensive distribution center operations.

The client, with a vast network of over 2,000 stores across the U.S., Canada, and Mexico, supported by over 100 distribution centers in the U.S. alone, including 20 in Texas, has recognized the value of RAD’s solutions. The pilot program, which began at the end of February 2023 with a single ROSA unit at their Goodyear, Arizona facility, demonstrated ROSA’s versatility and performance in both indoor and outdoor placements.

Following the pilot program’s success, the first significant deployment occurred in Romulus, Michigan in August 2023, involving 8 units in a warehouse and distribution center environment. This deployment focused on indoor monitoring and has been fully operational, with ongoing discussions related to the unit’s response panel and device optimization. This further demonstrates the versatility of ROSA as it has been, until now, primarily used in outdoor environments.

The expansion order for 56 RAD devices encompasses 8 locations, each receiving 7 ROSA units. These locations include Montgomery, AL, Baytown, TX, Joliet, IL, Monee, IL, Goodyear, AZ, Riverside, CA, Monroe, OH and McDonough, GA, and brings RAD’s presence to a total of nine distribution centers for this client.

Steve Reinharz, CEO of AITX and RAD, stated, “This large client expansion is a milestone for RAD. It underscores the scalability and effectiveness of our solutions in complex warehouse environments. Our continued partnership with this dealer, plus the client’s demonstrated commitment to adopting and embracing RAD technology is an affirmation of the value we deliver.”

Furthermore, the Company noted that there are ongoing discussions regarding future expansion orders and deployments throughout several additional client distribution center locations.

“This is the continuation of the penetration of our technology in the warehousing and distribution sector. We’re looking forward to seeing our solutions make a significant impact in improving security and operational efficiency in these environments,” added Reinharz.

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published five Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at hospital campuses, multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price. The realization of the revenue referenced above is contingent upon several factors, including RAD producing and delivering the ordered products, customer acceptance of said deliveries, proper operation, client acceptance, client payment and any other issues that could interfere with these activities.

###

Steve Reinharz
949-636-7060
@SteveReinharz

$3M Per Year Recurring Revenue Expected from a Single Client Upon Full Deployment by AITX’s Subsidiary Robotic Assistance Devices

Detroit, Michigan, November 28, 2023 — 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 provide an update regarding a single client’s device orders and deployment activities. The end-user client is a Fortune 50 global leader in transportation, e-commerce, and business services.

As of November 28, 2023, this single client has placed orders totaling 140 devices. The breakdown of the device orders is as follows:

  • 77 RIO™ 360 solar powered, portable security towers
  • 56 RIO 180 security towers
  • 7 standalone ROSA™ devices

To date, almost 20% of these received orders have been fulfilled with 125 devices still to be deployed. Full deployment is projected to be complete around March 31, 2024. Currently, RAD’s factory (the ‘REX’) can produce up to 40 RIO devices per month alongside the required ROSAs.

Upon full deployment to this client, the Company contracts indicate that over $250K in recurring monthly revenue (RMR) will be generated and should total over $3 million per year. The Company started generating revenue from this client during an extended pilot phase. The quarter ending November 30, 2023 (Q3 for the Company) will have a significant increase in revenue with monthly revenue being fully realized upon deployment and likely by the end of the Company’s first fiscal quarter of next year which ends May 31, 2024.

Steve Reinharz, Founder & CEO of AITX and RAD, commented, “This one client, with their ability to order and take delivery of this incredible quantity of RAD solutions proves that we are capable of scaling manufacturing, installation and deployment at a large scale to Fortune 1000 clients.”

“The RAD sales pipeline continues to flow with additional opportunities for this one client,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “Based on ongoing conversations, we are anticipating at least an additional 15 RIO 180 units and up to 4 more ROSA devices going to 3 more of their distribution centers. Once we get these orders in and deployed, we can expect another $25K or more in RMR added to the sales board.”

As stated in a press release dated September 28, 2023, RAD is gearing up for a 1000 RIO Version 4 production run to support the balance of these and other expected RIO orders. The Company expects to release details on these efforts, including potential cost savings and the effect of ROSA 4.x, before the end of December 2023.

Reinharz added, “We are setting our sights on all Fortune 1000 clients with RIO, ROSA, and AVA solutions. Having a signature client of this size and scope entrust us with their critical security needs is expected to be a tipping point moment for others of similar size to jump onboard the RAD team.”

RMR is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published four Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price. The realization of the revenue referenced above is contingent upon several factors, including RAD producing and delivering the ordered products, customer acceptance of said deliveries, proper operation, client acceptance, client payment and any other issues that could interfere with these activities.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary Robotic Assistance Devices Poised to Add Over $100K in Recurring Monthly Revenue

Detroit, Michigan, November 9, 2023 — 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 provide an update on order intake for the current quarter as it seeks to rapidly close the gap between revenue and SG&A expenses.

As the 3rd quarter of FY 2024, spanning September through November, progresses, AITX reports that the Company has received orders if fully completed to delivery, that will increase recurring monthly revenue (RMR) by over $100,000. Revenue numbers will be further increased by one-time installation and training fees, as well as ongoing monthly monitoring pass-through charges. The Company earns a percentage of remote monitoring pass-through revenue, and the actual monitoring work is done by a contracted third party.

The composition of sales this quarter to date showcases a diverse range of the Company’s innovative products, with 36 RIO™ 360 units, 28 RIO 180 units, and 18 standalone ROSA™ units ordered by clients who trust in the effectiveness and reliability of RAD’s solutions. Additionally, several large AVA™ sales are expected to close next quarter.

Despite November traditionally being a shorter month due to the Thanksgiving holiday, AITX remains optimistic about its trajectory. The company estimates an additional $52K in RMR could be realized before the end of the current quarter, and possibly result in some of this revenue rolling over into the following quarter, which is the final quarter of the fiscal year ending February 29, 2024.

Steve Reinharz, Founder & CEO of AITX and RAD, commented, “Stringing together multiple strong quarters will allow us to outperform the cash-flow break-even projections we shared during last Friday’s (November 3, 2023) Investor Conference. Simply put, that’s our goal.”

“Our outlook for the remainder of this quarter is positive, and we are already strategizing to maintain this momentum into the final quarter of the fiscal year and beyond,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “As we shared on November 3rd, our sales funnel is strong and consistently improving and growing.”

AITX’s robust order intake is a clear indicator of the Company’s progressive vision and its commitment to delivering state-of-the-art security solutions. With an expanding product line and a strategic approach to the market, AITX is on a steadfast path to redefine industry standards and enhance stakeholder value.

RMR is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price. The realization of the revenue referenced above is contingent upon several factors, including RAD producing and delivering the ordered products, customer acceptance of said deliveries, proper operation, client acceptance, client payment and any other issues that could interfere with these activities.

###

Steve Reinharz
949-636-7060
@SteveReinharz

“A Community Hospital Leads the Way Toward Better Campus Safety, With Help from RAD Light My Way” Case Study Published by AITX’s Subsidiary Robotic Assistance Devices

Detroit, Michigan, November 8, 2023 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a pioneer in AI-driven security and productivity solutions along with its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), today published a comprehensive case study detailing the overwhelmingly positive outcomes following the strategic deployment of RAD Light My Way™ and a fleet of ROSA™ security robots at Scotland Memorial Hospital in Laurinburg, North Carolina. This in-depth review showcases the remarkable improvements in hospital campus safety and staff confidence, cementing the hospital’s commitment to cutting-edge security solutions.

The case study can be viewed online at https://tinyurl.com/yvymjf32

“We are absolutely thrilled to see Scotland Memorial Hospital not only embrace RAD Light My Way but also champion its benefits through this case study,” said Steve Reinharz, CEO of AITX and RAD. “Their forward-thinking approach and commitment to safety and security sets a remarkable precedent for the healthcare industry. This case study is a powerful testament to how RAD’s solutions can serve the vital needs of hospitals and their dedication to creating a secure environment.”

Scotland Memorial Hospital has taken a significant leap in campus safety by becoming the first to implement RAD’s innovative security system RAD Light My Way. This robust solution, featuring AI-driven surveillance provides comprehensive monitoring and a personal security escort via a mobile app, fostering the safety of hospital staff in parking areas. The system’s introduction was a direct response to an assault in 2022, propelling the hospital to reinforce its security measures and maintain its reputation as a safe haven for its staff.

“We’ve always had security officers onsite, but at times our staff have hesitated to ask for an escort to their vehicle,” said Dr. David Pope, Chief Operating Officer at Scotland Health. “They don’t want to feel like a bother, like they’re pulling an officer away from other security-related responsibilities. With RAD Light My Way, we’ve removed that barrier. Asking for a virtual escort isn’t any trouble, so folks are likelier to do it.”

The deployment of RAD Light My Way at Scotland Memorial has been met with confidence and approval from the hospital’s staff and the surrounding community. With seven ROSA units strategically placed around the campus, the hospital has seen a significant deterrent effect against potential security threats, supported by remote monitoring and real-time communication capabilities. Dr. Pope attributes the absence of parking lot altercations since the system’s introduction to this advanced technology, underscoring its vital role in enhancing staff security and engagement—a key aspect in addressing the current healthcare labor shortage.

“I’m immensely proud of what RAD Light My Way is achieving in terms of bolstering security and peace of mind,” said Doug Clemons, Chief Marketing Officer at RAD. “Our mission is to spread the word about this transformative technology, which has already made a significant impact at Scotland Memorial Hospital. We’re eager to see other hospitals follow their lead, recognizing the crucial role that such innovative solutions play in ensuring the safety of healthcare professionals. It’s not just about adopting new technology; it’s about creating an environment where every staff member feels valued and protected.”

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Prepares to File Dozens of Patent Applications

Detroit, Michigan, November 7, 2023 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a pioneer in AI-driven security and productivity solutions along with its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), has announced an aggressive push in expanding its intellectual property portfolio, as shared during the recent Investor Conference & RAD Technology Reveal event.

Today the Company announced it has engaged Barnes & Thornburg, LLP, to begin work on creating a patent portfolio strategy. Steve Reinharz, CEO and founder of AITX, together with Ioan Pop, RAD’s VP of Research & Development, noted how the Company had identified over 80 innovations that need patent investigation.

These innovations encompass innovations in hardware and software and will contribute to AITX’s position as a forerunner in the AI-driven mobile and stationary security and safety solutions sector.

The patent portfolio strategy work is expected to take a few months although preliminary patents could be filed earlier. The ultimate goal is to protect the Company’s inventions, reinforce its market presence and potentially enhance shareholder value through a fortified IP catalog. This move aligns with the Company’s long-term growth strategy, which prioritizes sustainable development and market leadership in AI and robotics.

“Each patent filing represents months of hard work and ingenuity from our dedicated team,” said Reinharz. “This move is a clear signal to the industry and our investors that AITX’s efforts to reimagine the #proptech landscape will be protected.”

AITX’s proactive approach to intellectual property management exemplifies its vision for a future where cutting-edge technology and strategic IP development go hand-in-hand. The announcement from the Investor Conference reflects a clear directive towards protecting the unique aspects of their product offerings, from the innovative, cost-reduced ROSA 4.0 to the trailblazing RADDOG 3S. For investors, this development signals not only growth in AITX’s tangible assets but also an increased potential for licensing opportunities, partnerships, and market expansion, reinforcing the Company’s value proposition in the rapidly evolving tech landscape.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Investor Conference & RAD Technology Reveal a Success

Detroit, Michigan, November 6, 2023 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a pioneer in AI-driven security and productivity solutions along with its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), is thrilled to announce the successful conclusion of its Investor Conference & RAD Technology Reveal held on November 3, 2023. The event stands as the single most comprehensive presentation and video detailing the Company’s rich history, present endeavors, and exciting future prospects.

Leading the charge at the conference were the Company’s stalwarts, including Steve Reinharz, Founder & CEO; Ioan Pop, VP of Engineering; Mark Folmer, President of RAD; Anthony Brenz, Chief Financial Officer, and Troy McCanna, VP of Business Development & Chief Security Officer.

The conference took place at the Motor City Casino Hotel (“MCCH”) in Detroit, Michigan. Surprises included a reveal that the MCCH was a pilot client of RAD’s for a long time, recently announced the conclusion of the pilot and placed an additional order of multiple ROSAs. Furthermore, MCCH’s Chief Information Officer spoke about his experiences with RAD, its solutions and shared a positive outlook for continued expansion.

Mark Folmer and Troy McCanna provided an insightful deep dive into RAD’s sales funnel, revealing key deployed and contracted revenue figures. Anthony Brenz articulated a strategic and conservative approach to profitability, emphasizing the impressive cost-cutting measures that have enabled the company to reduce expenditures by approximately 25%.

Steve Reinharz shared insights on the dedication and commitment of the team, highlighting the voluntary partial pay deferments undertaken by many team members, including all presenters, to expedite the Company’s journey to positive cash flow.

Ioan Pop’s segment was particularly noteworthy as he gave an in-depth look at ROSA 4.0, with a prototype of this next-gen security solution displayed for attendees. Additionally, the RADPack Milli Gen 2 was showcased, and the initial steps of collaboration with emergency phone (blue light phone tower) manufacturers were discussed, spotlighting the potential integration of RAD’s robust software suite, including the RAD Light My Way solution.

Adding depth to the conference, video testimonials from end users and security industry influencers provided invaluable perspectives on the benefits and potential of RAD’s solutions.

One of the event’s climactic moments was the formal introduction of RADDOG 3S. Videos explaining its advanced and unique functionalities left the audience in awe.

Feedback from in-person attendees was overwhelmingly positive, underscoring the event’s success in conveying the Company’s vision and achievements.

“It’s been a truly enriching experience,” Steve Reinharz reflected. “For anyone keen to understand AITX, our aspirations, our journey, and the passionate team propelling us forward, this video serves as a definitive guide.”

The entire AITX Investor Conference & RAD Technology Reveal can be viewed on AITX’s YouTube channel at https://youtube.com/live/DAcLS3ngQrw.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary RAD Announces the Successful Deployment of 10 ROSA Devices at an East Coast University

Detroit, Michigan, October 24, 2023 — 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 successful deployment of 10 ROSA™ devices at an East Coast university.

The original order for these 10 ROSA security robots was announced on July 26, 2023 via a press release.

In a continuation of this partnership, the university is in the process of finalizing paperwork for an additional five ROSA units. Beyond standard security measures, the institution had shown interest in incorporating RAD’s RAD Light My Way™ application, if implemented, would further enhance the deployed ROSA’s existing trespassing, loitering detection and firearm detection capabilities.

Steve Reinharz, CEO of AITX and RAD, stated, “Our collaboration with this university represents an important step for RAD. The adoption of our technology by such prestigious institutions highlights its practicality and relevance in addressing today’s campus security concerns.”

Mark Folmer, CPP, PSP, FSyI, President of RAD, added, “Safety on campuses has been a long-standing concern, and it’s encouraging to see institutions explore new solutions. We believe RAD’s offerings can make a tangible difference, and we hope to see more universities take a similar approach in the future.”

The Company noted that Scotland Hospital, also a RAD client, has reported a positive experience with RAD’s security solutions, further indicating the practical utility, and affordability of these devices in diverse settings.

Reinharz concluded, “The feedback from Scotland Hospital and our ongoing work with the East Coast university are constructive indicators of RAD’s potential in the security and property management sectors.”

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. RAD has published four Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at multi-family communities, car rental locations and construction sites across the country.

RAD Light My Way has been the recipient of two Secure Campus 2022 Awards from Campus Security & Life Safety Magazine. In October 2021 RAD Light My Way along with RAD’s ROSA won CBRE’s 2021 Best Workplace Experience Solution Award.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis.  The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary RAD Accelerates Software Updates as Device Deployments Rapidly Increase

Detroit, Michigan, October 23, 2023 — 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 it has implemented a systematic approach for updating clients on the ongoing enhancements to RAD’s software suite. This strategic move underscores the Company’s dedication to transparency and optimal service delivery, essential in the security services and property (#proptech) industries.

The Company noted that over the previous 60 days, RAD’s software team successfully executed 120 refinements and/or additions to the software systems utilized by RAD’s clientele. These modifications, though varied in scale, contribute collectively to the improved functionality and user experience of all RAD devices.

“We typically announce developments and updates to our hardware solutions, but our software is probably more important,” said Steve Reinharz, CEO of AITX and RAD. “Our team is incredibly customer focused and responsive in building upon the software platform based on a combination of customer requests, feedback, and the team’s own vision. We could have thousands of units deployed someday, but if the software isn’t performing as expected, we’d never get there.”

Starting over the next few weeks, RAD will maintain an exhaustive record of all software updates, chronicling incremental adjustments as well as significant changes. This resource will be accessible exclusively to subscribed clients via the RAD website, ensuring they are apprised of the latest developments regarding their devices and operational tools.

The Company’s resolve in this endeavor is twofold: to enhance the open dialogue RAD shares with its subscribed clientele, and to provide an uninterrupted view into the evolution of the software systems, thereby allowing users to leverage the full potential of their RAD solutions.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis.  The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary RAD Releases RUPERT, an Advanced Cloud-Based Device Health Monitoring Tool

Detroit, Michigan, October 19, 2023 — 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 production release of RUPERT, the system that provides operational oversight for all of RAD’s deployed security devices, including RAD’s best-selling ROSA™, AVA™, and the RIO™ 360 and RIO™ 180 models.

RUPERT (RAD Utility, Performance, and Efficiency Reporting Tool) is RAD’s proprietary response to the industry’s pressing challenges, ensuring consistent, seamless operation across the Company’s diverse product range, even in the most demanding environments.

The Company noted that scaling hundreds of devices in mission critical applications requires efficient automated systems to effectively monitor and heal systems in real time. The Company has identified this as a critical milestone to grow past 500 deployments without adding additional headcount.

RUPERT utilizes custom power monitoring and consumption controls that are unique to RIO (ROSA Independent Observatory) that further ensures an ‘always-on’ reliability essential in areas where conventional solar-powered security towers fail, especially during harsh winters. Beyond enhancing RAD’s internal operations, RUPERT’s sophistication extends to larger third-party monitoring centers, demonstrating comprehensive integration and operational capabilities.

“As we work to deploy more revenue generating devices, it’s imperative that we stay ahead of the health and well-being of the units in the field,” said Steve Reinharz, CEO of AITX and RAD. “RUPERT is just one of the tools we’re relying on to help us scale well beyond 500 units deployed.”

What truly sets RUPERT apart is its intelligence as a learning system. RAD has engineered it for advanced logging, unlocking data-driven insights, and applying real-time learnings for ongoing system refinement. This commitment to continuous improvement is critical as it enables RAD to confidently scale beyond 500 devices without the need for additional human resources. RUPERT signifies more than just technological advancement; it embodies the Company’s vision for autonomous, reliable, and integrated security solutions, marking a new era of excellence in asset protection.

A visual representation of RUPERT's screens show the health of various RAD devices.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis.  The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Provides Update on Deployed RAD Security Robots

Detroit, Michigan, October 18, 2023 — 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 provided an update on devices deployed, activated and those soon to be deployed.

As of September 30, 2023, RAD indicated a total of 487 devices are deployed and/or contracted to be deployed. When and if all contracted devices are fully deployed and producing revenue, and pending any changes, the expected Recurring Monthly Revenue (RMR) could be approximately $320,000. If the devices serve a twelve-month deployment term the annual revenue, subject to various adjustments, will be approximately $3.8MM plus deployment and training revenue.

All devices noted here are expected to produce revenue for at least 12 months. It is important to note, however, that clients can opt to cancel contracts, delay deployment, or ask for other changes that delay billing and or cancel the contracts. Furthermore, existing device deployments can be canceled or not renewed. Currently the Company experiences less than 5% deployment churn on a quarterly basis.

Note that 48 of these units at this moment are either built but not yet shipped, shipped but not yet received, received but not yet installed, installed but not yet activated, or activated but not yet accepted by the client which is required for billing to start. The Company anticipates most of these units will be producing revenue in the next couple of months as well as anticipating that most of the rest of the backlog could be deployed by the end of the calendar year. The backlog at this moment is 136 devices, which is defined as contracted (inked) devices that have not yet finished production. The Company noted that device shipments are not scheduled sequentially and that the Company responds to its needs and various client schedules when prioritizing deployments.

Steve Reinharz, CEO of AITX and RAD, emphasized the Company’s current strategic direction, stating, “We are working towards growing monthly recurring revenue as we work to achieve positive cash flow.”

This announcement serves as an affirmation of the Company’s commitment to enhancing shareholder value by tracking deployment statistics and revenue milestones. It underscores a strategic pivot towards operational efficiency, cost management, and revenue optimization through accelerated device deployment.

RMR is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

For continual updates and to stay informed about the Company’s progress, stakeholders, investors, and interested parties are encouraged to monitor the company’s official communications channels.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Reports 2nd Quarter Revenue Increase of 44% Over Previous Year

Gross Profit Increases 27%, Operating Expenses Down

Detroit, Michigan, October 13, 2023 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, filed its quarterly report on Form 10-Q for the 3 months ended August 31, 2023 with the Securities and Exchange Commission for its Q2 of fiscal year 2024. AITX is a fully reporting company with the SEC, filing annual and quarterly reports with audited and unaudited financial statements, respectively.

For the quarter ending August 31, 2023, the Company reported revenues of $386,363, a strong 44% increase from the $267,484 generated in the same quarter of the previous fiscal year. This growth primarily stems from an uptick in Recurring Monthly Revenue (RMR) as the deployment of devices strengthens and increases.

“This solid trajectory is a testament to our relentless dedication and innovative approach,” said Steve Reinharz, CEO of AITX and wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD). “The numbers speak for themselves. Our strategy of growing RMR through the deployment of more, higher valued units is reaping dividends.”

Highlights from Q2 of Fiscal Year 2024:

Gross Profit Increase:
The three-month period ending August 31, 2023, saw a gross profit of $297,349. This represents a 27% increase compared to the gross profit of $233,270 during the same period in the prior fiscal year. This gain is attributed to the Company’s significant increase in the number of deployed and activated devices.

Operating Costs Decrease:
Despite the significant growth in revenue, gross profit and units deployed, the Company successfully managed to reduce its operating costs by 2% compared to the same timeframe in FY 2023. The full impact of several cost-saving initiatives enacted by the Company are expected to be realized in the Q4 2024 results.

Q2 Order Intake Results & Expected Revenue Results
As reported on September 6, 2023, AITX’s primary subsidiary, RAD, recorded a significant increase in order intake.

Additional Cost Cutting Initiatives:
AITX is presently implementing additional strategies projected to reduce monthly expenses by approximately $150,000. While this move positions the Company closer to realizing positive cash flow, it will decelerate the development and rollout of planned mobile solutions.

Shedding light on the Company’s short-term strategies, Reinharz noted, “Our increasingly strong financial position allows us to make these strategic decisions. The current cost-reducing initiatives align with our broader vision, and while this means a slight delay in the release of a few of our mobile solutions, it underscores our commitment to delivering value to our stakeholders.”

Additional Noteworthy Highlights:

Robust Sales Funnel:
The RAD sales funnel currently holds the greatest depth, breadth, and quality of revenue-generating opportunities, suggesting a positive outlook for the near future.

Independent Contractor Program:
Stepping into 2024, RAD’s newly launched Independent Contractor program has organically attracted a variety of respected security industry leaders and influencers to advocate and promote RAD solutions on a strictly commission-based framework. The Company maintains an optimistic stance, foreseeing that this program will yield significant revenue generating opportunities.

In conclusion, Reinharz stated, “The Company’s future looks as bright as ever. With the strongest RAD sales funnel in history, plus the addition of industry veterans as part of our Independent Contractor program, we’re poised for continued, transformative growth. Here’s to AITX and RAD redefining AI-driven security and productivity solutions!”

Recurring Monthly Revenue (RMR) is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Provides Roll-Up Regarding Its Key Markets, End-Users, and Use Cases

Detroit, Michigan, October 4, 2023 — 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 identified several vertical markets, along with end-user clients, where RAD devices have been deployed and proven valuable in deterring criminal or unwanted activity.

“We are so proud of our incredible customer base and the dealers that brought many of them to RAD,” said Steve Reinharz, CEO of AITX and RAD. “There are unique applications in each of the vertical markets we serve, and there’s no ‘one size fits all’ approach to servicing them. Our team works tirelessly to make sure that every client is treated with the respect and professionalism they deserve. That’s how we earn and keep their business.”

RAD has successfully deployed its robotic security technologies, particularly the ROSA, RIO and AVA devices, across numerous industry sectors. In the automotive world and the controlled environments of financial institutions, RAD has successfully reduced common security challenges like trespassing and theft. Within property management, retail, and healthcare sectors, RAD’s robots have not only addressed pivotal security issues but also offered cost-effective alternatives to traditional security methods. Regardless of the market or use case, RAD seamlessly blends its technological innovation with real-world applications, establishing a reliable security presence.

The following is a sampling of the markets where RAD has established a presence.

Logistics & Distribution

In the logistics and distribution vertical markets, RAD has deployed an array of devices, including AVA, ROSA, SCOT, Wally, and TOM, to fortify security and streamline operations. Tasked with the dual role of autonomous access control and traditional security surveillance, these units meticulously regulate the entry and exit of vehicles, employees, and visitors, ensuring that only authorized entities gain access, while also persistently monitoring for any unauthorized or suspicious activities within the premises. By combining advanced analytics with continuous surveillance, RAD’s devices effectively uphold a secure and orderly environment, safeguarding assets and enhancing operational flow in the critical landscapes of logistics and distribution centers.

Notable RAD clients in this vertical market include GXO, Ingram Micro,
as well as two of the top three common carriers.

Automotive Manufacturing, Logistics and Retail

RAD has secured its footprint in enhancing security across the automotive manufacturing, logistics, and retail sectors with multiple deployments of its best-selling ROSA and RIO devices, renowned for their impeccable ability to detect and deter trespassing, theft, and vagrancy through advanced AI-powered analytics and 24/7 monitoring. These autonomous security solutions provide a potent blend of continual vigilance and cost-effective operational efficiency, safeguarding assets and infrastructure while enabling seamless integration with existing security protocols.

Notable clients in this vertical market include two of the big three automakers,
to regional auto groups including
Midway Car Rental.

Banking & Financial

RAD’s ROSA devices have been deployed across the banking and financial vertical, serving as a pivotal tool in ensuring secure operations. Tailored to detect and deter instances of loitering, trespassing, and vagrancy—common challenges in this sector—the ROSA units work seamlessly to safeguard the perimeter and interior, providing 24/7 surveillance and implementing instant alerts to effectively manage potential security breaches. Integrating advanced analytics with autonomous responses to suspicious events, these units not only act as a substantial deterrent but also as a crucial resource in data collection, aiding in understanding incident patterns and enhancing preemptive security measures.

Clients in this vertical market include large regional banks.

Retail

Safeguarding the notably susceptible retail market, RAD’s ROSA and RIO devices have become popular, offering a cost-effective alternative to traditional manned guarding. Within a sector often beleaguered by trespassing, loitering, and vagrancy, which often spur incidents of theft and assault, these solutions serve the dual purpose of autonomously detecting and deterring potentially nefarious activities while simultaneously digitally documenting all occurrences, ensuring steadfast surveillance. RAD’s robotic solutions effectively reduce security breaches and stand out as a smart, affordable choice due to their low subscription cost and unique ability to manage security in the fast-paced retail sector.

Notable clients in this vertical market include 7-Eleven, TravelCenters of America,
other national convenience stores and truck stops.

Healthcare

The healthcare industry, often confronted with challenges like trespassing, vagrancy, and assault, has welcomed the implementation of RAD’s ROSA, RIO, and ROSA-P solutions across various facilities such as hospitals, clinics, and labs. Strategically deployed to deter crime in vulnerable areas like parking lots and surrounding vicinities, these devices provide a vigilant, unyielding watch, enhancing the safety and security of both individuals and assets within these crucial healthcare environments. A large hospital system in the southeastern U.S. has recently deployed RAD Light My Way to bolster security for its staff. RAD Light My Way transforms RAD’s remote surveillance and monitoring solutions into a personal security escort service that accompanies hospital workers as they move between their vehicle and the facility. By seamlessly combining AI-powered technology with practical applications, RAD’s solutions have become pivotal in reinforcing security protocols and ensuring a safer, more secure operational atmosphere within the healthcare sector.Top of Form

Notable clients in this vertical market include Ascension and Scotland Memorial Hospital.

Property Management

In the field of property management, particularly within Class A commercial properties, multifamily residences, and gated communities, RAD has emerged as a pivotal player in security and safety, deploying its ROSA and RIO devices to enhance security and operational efficiency. These advanced solutions deter trespassing and fill any security gaps, eliminating the need for continuous on-premises patrols, and thereby redefining asset protection and security management in the #proptech sector. With an impeccable track record, ROSA and RIO fortify environments by employing advanced surveillance and autonomous responses, ensuring properties are safeguarded with precision, reliability, and cost-effectiveness.

Notable clients in this vertical market include nationwide property management groups
plus regional clients such as
Westside Manor HOA and Magnolia Pointe Apartments.

And Much More

Expanding its footprint across a myriad of other vertical markets, RAD, along with its dealer network, has successfully deployed their security solutions in diverse sectors including Energy Utilities, Food and Beverage, Education, Houses of Worship, Manufacturing, Gaming, Transit Authorities, and beyond. Each deployment is meticulously coordinated to meet the unique security demands of the respective sector and end-user, ensuring optimal vigilance and safety while addressing challenges like unauthorized access, trespassing, and other potential security breaches. Through a balanced blend of technology and strategic application, RAD’s solutions continue to safeguard various industries by providing reliable, autonomous security that complements and enhances existing protective measures across multiple environments.

Other notable clients include Trinity Metro and Rosenbaum Yeshiva of North Jersey.

“The majority of our clients have non-disclosure agreements (NDAs) in place, which often prevents us from naming them directly,” continued Reinharz. “However, for deployments in public view or those where we have been granted permission, we are pleased to share our successes and the tangible impact that RAD’s security solutions have made in their environments.”

Reinharz added that the Company expects to publish several detailed case studies in the near future, further revealing client successes, introducing new markets and end users.

“RAD has successfully attracted, earned, and maintained revenue generating business from some of the biggest companies in North America,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “Our sales pipeline continues to flow with opportunities to deploy solutions at a growing list of impressive corporate clients.”

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

ECAMSECURE, a GardaWorld Company, Places Order for Multiple AVA Access Control Devices from AITX’s Subsidiary RAD to be Deployed as the Virtual Gate Guard

Detroit, Michigan, October 3, 2023 — 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 received an order for 2 AVA™ autonomous access control devices from ECAMSECURE, a GardaWorld company and leader in innovative, adaptable access and surveillance security solutions. ECAMSECURE became a RAD authorized dealer in late 2021.

ECAMSECURE private labels RAD’s AVA access control device as the  ECAMSECURE Virtual Gate Guard. At the Global Security Exchange (GSX) in Dallas, Texas earlier this month ECAMSECURE showcased the Virtual Gate Guard as well as their private labeled version of RADDOG™, marketed as the TechTerrier.

“RAD’s solutions have augmented our suite of security solutions,” said Jordan Lippel, Vice President of Sales at ECAMSECURE. “In addition to our proprietary technology, RAD’s leadership in AI-powered security devices enables us to provide robust options for access control and help reattribute human security to higher value security needs.”

An autonomous device like the Virtual Gate Guard at access gates offers distinct advantages over relying solely on human security guards. The Virtual Gate Guard provides a consistent and reliable 180° field of vision, and continuous monitoring, whereas human guards may become fatigued or distracted. The device operates around the clock without breaks, reducing the risk of human error or negligence.

“We are honored to be supplying ECAMSECURE with AVA and RADDOG under their own label,” said Steve Reinharz, CEO of AITX and RAD. “Our relationship is built on trust, but the deliverable is quality devices that perform, and save the end users’ money. We’re thrilled to see ECAMSECURE sales of RAD solutions start to ramp up.”

AVA is a compact, stanchion mounted unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry. AVA takes full advantage of the RAD Software Suite providing an ideal solution for logistics and distribution centers, storage yards, parking structures and lots, corporate campuses; anywhere that increased visibility is needed at a fraction of the cost. At ISC West 2022, AVA was named a winner of the SIA New Products and Solutions Awards in the category of Access Control Software, Hardware, Devices and Peripherals. In November of 2022, ECAMSECURE’s Virtual Gate Guard obtained an AST ASTORS Award in the Best Access Control & Authentication System category.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

About ECAMSECURE
ECAMSECURE, a GardaWorld company, is the pioneer in outdoor video surveillance, providing portable surveillance systems that combine AI, technology and state-of-the-art mobile security equipment for over 15 years. ECAMSECURE is part of GardaWorld, a global champion in security services, integrated risk management and cash solutions. Our international reach makes us the partner of choice for private enterprise, governments, humanitarian organizations, as well as multinationals across the planet. For more information, visit www.ecamsecure.garda.com.

About Artificial Intelligence Technology Solutions (AITX)
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

Ingram Micro Selects AVA from AITX’s Subsidiary RAD for Cost-Effective Access Control at Busy Distribution Center Gates

Detroit, Michigan, October 2, 2023 — 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 Ingram Micro, Inc. (Ingram Micro) has selected AVA™ for deployment at several of their distribution centers. Ingram Micro had ordered its first 2 AVA units in Q3 of 2022, as announced in a press release dated July 25, 2022. The initial order was facilitated through one of RAD’s largest authorized dealers.

Ingram Micro is a global information technology (IT) wholesale distributor, providing sales, marketing, and logistics services for the IT industry worldwide. The company is based in Irvine, California.

“We were looking for an AI-powered solution that could be deployed at our advanced logistics centers which would enhance our customer experience by improving the efficiency of our team,” said Eddie Cabana, Senior Manager, Safety & Security at Ingram Micro. “As we identified areas of our operation with generally repetitive and stationary tasks, RAD’s AVA devices seemed to be an ideal solution to augment our staff to better utilize our human element of security while enabling cost savings.”

An autonomous device like AVA (Autonomous Verified Access) at access gates offers distinct advantages over relying solely on human security guards. AVA provides a consistent and reliable 180° field of vision, and continuous monitoring, whereas human guards may become fatigued or distracted. AVA operates around the clock without breaks, reducing the risk of human error or negligence. AVA integrates RAD’s advanced AI-powered access control technology, enhancing security, reporting, and efficiency.

Cabana continued, “AVA provides us with what we need for efficient access control. Its ability to effortlessly process deliveries and shipments, along with its video and data records, keep us apprised of what is coming in and going out of our gates in real time.”

Ingram Micro has expansion plans for at least 4 more AVA units to be deployed at 2 east coast distribution centers. “We are exploring implementation of additional RAD devices such as the ROSA and RADDOG 3S as well which may complement our security posture,” Cabana added.

“If there is such a thing as a perfect client, Ingram Micro is the perfect client for RAD,” said Steve Reinharz, CEO of AITX and RAD. “We built the Company to solve complex security problems while reducing guard expenses at enterprise clients. That is exactly what’s in place at Ingram Micro, and they’re planning to expand with us even further.”

“Working with the RAD team to customize AVA to align with our existing processes and systems was refreshingly easy. It was wonderful to see a supplier take a customer-centric approach to deploying technology,” Cabana concluded.

AVA is a compact, stanchion mounted unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry. AVA takes full advantage of the RAD Software Suite providing an ideal solution for logistics and distribution centers, storage yards, parking structures and lots, corporate campuses; anywhere that increased visibility is needed at a fraction of the cost. At ISC West 2022, AVA was named a winner of the SIA New Products and Solutions Awards in the category of Access Control Software, Hardware, Devices and Peripherals.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

About Ingram Micro
Ingram Micro is the business behind the world’s brands with the ability to reach nearly 90 percent of the world’s population. Our diverse solutions portfolio spans thousands of technology hardware and services options, as well as XaaS solutions. As part of our commitment to reducing environmental impact, we offer full-service IT Asset Disposal as well as reverse logistics and repair services. We also offer a more intelligent and streamlined way of doing business in the IT industry with our digital platform Ingram Micro Xvantage™. Reaching close to 200 countries, we have approximately 27,000 associates and more than 161,000 customers and 1,500 vendor partners worldwide. Learn more at www.ingrammicro.com.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary, Robotic Assistance Devices, Announces Planning for 1000 RIO Version 4 Production Run

RAD also Considering Expanding Manufacturing Capacity to Accommodate 2000 ROSA Units in 2024

Detroit, Michigan, September 28, 2023 — 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 plans related to the development and production of its innovative RIO™ solar-powered security tower solutions.

Specifically, the Company noted that it has begun an approximately 5-month effort to complete full design upgrades for RIO version 4.x with prototypes and supply chain coordination. These efforts are expected to yield the most highly designed RAD solution with the most comprehensive input from related supply chain vendors. It is expected that RIO version 4.x production will begin at the beginning of AITX’s fiscal year, March 2024.

“Planning this size of an endeavor, and allowing sufficient time enables us to work through the supply chain to find cost savings on parts and manufacturing,” said Steve Reinharz, CEO of AITX and RAD. “Furthermore, it allows completion of improvements to ROSA that will provide further cost and production savings. The goals of these efforts are to solidify RAD’s lead in the solar-powered tower space by offering unmatched functionality at an unmatched price. This is the first existing market we are targeting to dominate.”

“ROSA’s forthcoming enhancements, to be in version 4.0, are the culmination of RAD’s Autonomous Remote Solutions concepts that we have pioneered over the years,” commented Ioan Pop, Vice President of Research and Development at RAD. “We’ve made great strides in design efficiencies, reduction in power consumption, and vast improvements and enhancements to our AI analytics.”

Expect further details to be disclosed at the AITX Investor Town Hall and RAD Technology Reveal to be held on November 3rd. Those interested in attending the event may register here.

Beginning in the first half of 2024 and based on expected sales demand, RAD plans to scale RIO units’ production to approximately 100 units per month.

“RIO’s expected sales success gives us a new challenge at the REX, manufacturing space,” said Luke Ross, Vice President of Production at RAD. “We plan on continuing to invest in the REX, building ROSA, AVA, TOM and RADDOG, and other electronics assembly and testing while evaluating an additional location for RIO assembly and QC. If we’re planning for 100 units a month, we will simply need more space.”

“This is not simply about expansion and innovation,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “It’s also about steering the Company on the path towards becoming cash flow positive, a pivotal milestone underscoring our commitment to delivering shareholder value, consistent growth and industry leadership.”

Sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published four Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary, Robotic Assistance Devices, Deploys 12 RIO 360 Solar Powered Security Towers at Major Auto Manufacturer

Detroit, Michigan, September 27, 2023 — 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 imminent completion of the deployment of 12 RIO™ 360 solar-powered security towers at a leading auto manufacturer headquartered near Detroit, Michigan.

The client is a Fortune 50 ranked global leader in automobile manufacturing with operations in over 100 countries around the world. The majority of these deployments were facilitated through one of RAD’s largest authorized dealers.

“This remarkable client reached out to us in July of this year, inquiring about RIO as a security option at many of their manufacturing facilities,” said Troy McCanna, Chief Security Officer at RAD. “We were hosting Police Day on July 13th, and fortunately had a few RIOs at the REX. The client sent several from their security department to meet with us. As expected, they were impressed, and just a few months later we’ve got 12 devices deployed.”

McCanna added that the client’s deployment of RIO units has the capacity of exceeding 40 units.

“This is such a great deployment for the Company,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “The client and the dealer that’s supporting them are 2 of the biggest household names. The fact that they’ve already deployed 12 RIO 360s marks a significant uptick in recurring monthly revenue (RMR) for the Company. This is validation of years of effort in driving the Company to this point and gives us a significant foothold in the local auto industry.”

“The positive word on RIO seems to be spreading,” added McCanna. “Just this Monday another auto manufacturer reached out to us for solutions that are available for rapid delivery and deployment.”

“Our funding efforts to date are allowing us to procure materials and parts as needed to satisfy this increased demand,” added Steve Reinharz, CEO of AITX and RAD. “We can now build and deploy RAD solutions faster than ever. This allows us to rapidly grow revenue as we work towards the objective of becoming cash flow positive.”

RIO 360 is a versatile solar-powered security tower configured with dual ROSA devices. RIO 360 offers the marketplace two valuable benefits. The first is the unmatched performance of the dual ROSA devices that sit atop the unit’s mast. There is no device in the market that can perform ROSAs extensive list of autonomous detection and responsive actions. ROSA is RAD’s best-selling and a multiple award-winning device. The second critical differentiator is RIO’s value pricing. RIO’s pricing competes favorably against other solar tower manufacturers. RIO 180 utilizes much of the same hardware and software platform as RIO 360, but ships with a single ROSA device and fewer solar panels.

RMR is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

As stated, sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published four Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX to Host Investor Conference and RAD Technology Reveal

November 3rd Event to Showcase Solutions from AITX Subsidiaries RAD, RAD-M and RAD-G

Detroit, Michigan, September 26, 2023Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that it will host an Investor Conference and RAD Technology Reveal on Friday November 3, 2023. The event will be held at the Motor City Casino in Detroit, Michigan.

“I can’t believe it’s been nearly a year since we last opened our doors to the AITX community,” said Steve Reinharz, CEO of AITX. “Since the REX is incredibly busy building solutions for our clients, we’ve decided to host the event off campus. The Motor City Casino is a great location to hold the event, and if our attendees are watchful, they may just spot a ROSA or two on the premises”.

At the event, attendees can expect to see a live demonstration of RADDOG 3S, the purpose-built robot dog exclusively for the security services and #proptech industries. “What we previewed on FOX TV’s ‘Stars on Mars’ was just a small tease of all that RADDOG 3S is capable of. You’re going to want to be there, or tune in to the livestream,” Reinharz added.

Those interested in attending the AITX Investor Conference and RAD Technology Reveal can register online at tinyurl.com/2xv94nbw. For those unable to attend the event in person, it will be livestreamed on AITX’s YouTube channel www.youtube.com/aitxrad.

Additional details regarding the event will be released in the coming weeks. These may include specifics on the other technologies and solutions being demonstrated and ways for the attendees to get up close and personal with the solutions. Reinharz added, “Our beloved AITX community has come to expect big ‘ah-ha’ moments at these events. We’re pulling out all the stops once again to make sure this is a home run.” 

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary, Robotic Assistance Devices, Signs Apex Assured as an Authorized Dealer

Detroit, Michigan, September 20, 2023 — 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 Apex Assured as a new authorized dealer.

Headquartered in Westerville, Ohio, Apex Assured is a woman-owned technology provider specializing in national coverage with a consultative approach. Research conducted by the Hackett Group shows that working with a women’s business enterprise (WBE) can increase profitability with as much as 130% return on investment, providing distinct competitive advantages. Additionally, the research concluded that procurement organizations who work with a diverse supplier base also had lower overall operating costs and spent 20% less on their buying operations.

“We’re seeing a big shift in the security industry, that’s why we’ve signed with RAD,” said Brandis Thornton, CEO and Founder of Apex Assured. “Clients want lower cost options, which means they’re eager to consider AI and robotics, anything that will help reduce their security problems and not cost them more.”

“We continue to attract and partner with some of the most influential security providers in the country, big and small,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “The opportunities that these nimble dealers like Apex Assured bring are typically in immediate need of our solutions. Plus, the dealers open their sales pipeline with us, looking at other solutions, and inevitably these spill over into our pipeline.”

Thornton added, “We just spent several days at the GSX show introducing our prospects to RAD’s incredible ROSA. “The RAD team was so helpful in setting things up and customizing it for what we wanted at the show. The response was terrific, I really believe that we’ve got a winner here.”

With the addition of this new authorized dealer, RAD’s dealer network has expanded to 64, covering the US, Canada, and the European Union.

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. RAD has published four Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers these tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary, Robotic Assistance Devices Group (RAD-G), Announces Solutions for Emergency Phone Tower Manufacturers

Blue Light Tower Manufacturers Now Have Access to RAD’s Award-Winning AI Analytics and Software Solutions

Detroit, Michigan, September 11, 2023 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), along with its wholly owned subsidiary, Robotic Assistance Devices, Group (RAD-G) today announced that RADPack™ is now available to manufacturers of emergency phone towers (aka blue light towers) to explore the groundbreaking potential of RAD-G’s advanced technology.

By integrating RADPack into emergency phone towers, manufacturers can catapult them into the future of public safety infrastructure. RADPack empowers these existing towers with cutting-edge AI analytics capabilities, including human and vehicle detection, as well as firearm detection – innovations poised to revolutionize the very concept of emergency response systems.

“This is part of our inevitable evolution, backed by years of hardware and software development by RAD and RAD-G,” said Steve Reinharz, CEO of AITX. “RAD-G’s RADPack could possibly save blue light towers from extinction. Adopting RADPack into a blue light tower could significantly extend the product’s lifecycle by infusing it with advanced AI analytics, threat detection, autonomous response and more.”

The advantages of adopting RAD-G’s RADPack are many. Not only will it breathe new life into aging emergency phone towers, potentially extending their useful life by decades, but it will also open up unprecedented revenue and profit opportunities for manufacturers. Enhanced by AI-driven analytics, these towers become more than just emergency call stations; they evolve into intelligent, proactive safety hubs capable of rapid response and real-time threat detection. As colleges, hospitals, and corporate campuses strive for safer environments, embracing RAD-G’s RADPack can position tower manufacturers at the forefront of innovation, meeting the evolving needs of a security-conscious world while delivering tangible returns on investment.

“While at GSX this week I have meetings with emergency tower manufacturers where I introduce them to RADPack. This opens up many new opportunities for us,” Reinharz concluded.

The award-winning RAD Light My Way™ from AITX’s primary subsidiary Robotic Assistance Devices, Inc. (RAD) is compatible with RADPack for emergency phone towers. This integrated mobile app and hardware solution empowers students and employees by placing the control of their safety firmly in their own hands. With RAD Light My Way, users gain instant access to emergency services, real-time threat detection, and the ability to summon assistance swiftly through nearby RADPack-enabled emergency phone towers. This comprehensive safety ecosystem offers peace of mind to students and employees, ensuring they are not alone in their moments of vulnerability and that help is always just a touch away. Together, RAD Light My Way and RADPack redefine safety as a collaborative effort, creating a brighter, more secure future for all.

Robotic Assistance Devices Group (RAD-G) is a high-tech start-up that produces and delivers component-level artificial intelligence-based solutions that empower organizations to offer enhanced solutions based on proven technology, with a quick time-to-market. RAD-G has developed its advanced technology from the ground up including circuit board design, and base code development.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary, Robotic Assistance Devices, Signs JPT Group as an Authorized Dealer

Detroit, Michigan, September 8, 2023 — 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 JPT Group as a new authorized dealer.

Headquartered in San Jose, California, JPT Group possesses a deep understanding of the threats that afflict executives and their families, as well as the mounting challenges within workplaces and communities. Through cutting-edge innovation, unwavering collaboration, and an unyielding pursuit of excellence, their mission is to safeguard and enhance the well-being of clients. JPT Group’s clientele encompasses corporate leaders, board luminaries, high-profile individuals, and families of substantial means, as well as prestigious gated and non-gated communities.

“Our clients expect and deserve the best security technology available, today RAD is that technology,” said Tony Ramirez, Co-Founder & Chief Security Officer at JPT Group. “We’re excited to partner with an industry leader like RAD that is both an innovator and market disruptor. I expect that our clients will quickly embrace RAD’s solutions.”

“RAD continues to attract forward-looking dealers,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “Regional dealers like JPT Group truly understand the challenges their clients face. It’s evident that throwing more security guards at an ongoing problem won’t result in an effective solution. This is precisely where RAD comes into play, reinforcing dealers in their mission to provide their clients with real, tailored security solutions.”

Ramirez added, “RAD’s ROSA could easily be deployed at a variety of client properties as a component of our Executive Protection Services. ROSA’s autonomous responses and alerts to suspicious activities are a clear force multiplier for our protection services, enhancing the safety of our personnel, our clients, and their properties.”

When it comes to demonstrating RAD solutions to clients and prospects, RAD authorized dealers must obtain a demonstration unit. Folmer emphasized, “The ROSA system, known for its seamless installation and user-friendly operation, serves as the ideal way for new dealers to showcase RAD’s distinctive ‘security-in-a-box’ strategy.”

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. RAD has published four Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About JPT Group Inc.

Founded by industry veterans with decades of combined experience, JPT Group is modernizing the security industry with a tech-integrated approach that pairs high-level executive protection with cutting edge smart security solutions. To learn more, visit www.jptsecurity.com.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary, Robotic Assistance Devices, Heads to GSX 2023 to Participate with Several Channel Partners

Detroit, Michigan, September 7, 2023 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced its planned activities at the Global Security Exchange (GSX) Conference on September 11-13, in Dallas, TX.

Global Security Exchange (GSX) is the world’s most comprehensive event for security professionals. Powered by ASIS International, GSX delivers unbeatable benefits and opportunities to help security professionals stay a step ahead.

AITX and RAD CEO, Steve Reinharz, will be participating on a panel discussion titled “How Cybersecurity, Edge Analytics, and AI Have Impacted the Design and Implementation of Physical Security Systems” on Tuesday, September 12. Also appearing on this panel are RAD’s Board of Advisors Chairman Jeffrey Slotnick, CPP, PSP, and Board of Advisors member Antoinette King, PSP.

RAD security solutions ROSA™, AVA™ and RADDOG™ will also be on display at GSX. This year, the Company has chosen to participate at the conference with a select few channel partners. “We’ve opted to support a few of our dealers and channel partners at this year’s GSX show,” said Reinharz. With a majority of our unit sales flowing through the dealer channel, it makes logistic sense, and saves us money by supporting our channel at these events.”

ECAMSECURE, a GardaWorld company will be presenting their Virtual Gate Guard™, based on RAD’s AVA, and introducing the TechTerrier, based on RAD’s recently announced RADDOG 2LE.

ECAMSECURE’s Virtual Gate Guard is a compact and mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry. The Virtual Gate Guard takes full advantage of the RAD Software Suite providing an ideal solution for logistics and distribution centers, storage yards, parking structures, corporate campuses; anywhere that increased visibility is needed at a fraction of the cost.

“AI has been on everyone’s lips for the past few months,” said Chris Coffey, Chief Executive Officer at ECAMSECURE. “We’re pleased to be sourcing the Virtual Gate Guard from a company that’s been building advanced AI tech for years.”

GSX attendees can preview ECAMSECURE’s offerings from RAD at the GardaWorld booth #3619.

At last year’s ISC West, RAD’s version of the Virtual Gate Guard, aka AVA was named a winner of the 2022 SIA New Products and Solutions Awards in the Access Control Software, Hardware, Devices and Peripherals category. In November of 2022, ECAMSECURE’s Virtual Gate Guard obtained an AST ASTORS Award in the Best Access Control & Authentication System category.

RADDOG 2LE, being shown at GSX as ECAMSECURE’s TechTerrier marks a critical evolution of quadruped robotics positioned to improve the capabilities of law enforcement agencies and enable them to apply practical robotics for a variety of tasks. With its agile quadruped (four-legged) design and cutting-edge external accessories, RADDOG 2LE empowers officers to conquer challenging terrain, reach inaccessible areas, and navigate through dangerous environments.

RAD’s best-selling and multiple award-winning ROSA will be on display at the Apex Assured booth #1749. Apex Assured recently became a RAD authorized dealer. “We are so excited to be able to introduce our clients and prospects to the amazing capabilities of ROSA,” said Nate Green, President of Apex Assured. “Thanks, RAD, for supporting your dealer channel!”

While RAD is in the Dallas area for GSX, Allied Universal®, RAD’s largest authorized dealer will be supplied a RIO™ 360 for use and demonstration at their Monitoring and Response Center (MaRC) located in Richardson, TX. This RIO deployment will join 2 other RAD devices, a ROSA solution, and an AVA unit, previously deployed at the MaRC.

“RAD’s dealer network is stronger than ever, and we expect it to be even stronger after this year’s GSX,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “Channel partners showcasing our ROSA, AVA and even RADDOG is such an endorsement of the strength and momentum we are experiencing with the security channel as it evolves and adapts to more advanced technology.”

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

Record Quarterly Sales Intake for AITX’s Subsidiary Robotic Assistance Devices

343% Increase in Number of Units Sold Paints a Positive Picture for AITX

Detroit, Michigan, September 6, 2023 — 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 Q2 of FY 2024 saw a record number of devices ordered.

For the quarter ended August 31, 2023, RAD booked 155 devices on order, a 343% increase over the number of devices ordered in Q1 of FY2024. The Company’s FY 2024 will end February 29, 2024.

“All engines are firing, and this RAD rocket has entered a new orbit,” said Steve Reinharz, CEO of AITX and RAD. “I am so pleased to be able to share these incredible results with our investor community. The product mix sold and sales channel mix that are ideal. Now let’s add some more fuel and keep this going.”

Sales intake statistics of interest during the quarter include:

  • 90% of all units ordered were a version of RAD’s award-winning ROSA™
    • 59 ROSA standalone units
    • 51 RIO™ 360 units
      RIO 360 is a dual-ROSA configured solar powered security tower
    • 30 RIO 180 units
      RIO 180 is also a solar powered security tower configured with a single ROSA
  • RAD’s AVA™ (14 units ordered), and SCOT™ (1 unit ordered) made up the difference
  • 59% of all orders were facilitated by RAD’s dealer channel

Reinharz added, “The RMR that we expect to soon realize on these 155 units is more than $170,000 per month. That number, plus the RMR that we are already generating from the hundreds of units in the field could, if sustainable, could put us on a run-rate towards $10 million to $12 million in annual revenue.”

Recurring Monthly Revenue (RMR) is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

“RIO has proven to be a towering success,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. Dealer and corporate end-user demand has exceeded our once-ambitious forecasts, and the more RIOs that get deployed, the greater the likelihood of expansion orders.”

As stated, sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published four Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.  Further, sales unit take results should not be interpreted in any way whatsoever as representing actual revenues or otherwise predictive of the Company’s future revenues.  

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Prepares Financing for Expansion Activities

Detroit, Michigan, September 5, 2023 — Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, has filed with the Securities Exchange Commission a ‘Preliminary Schedule 14C’  Information Statement to increase its authorized share count to 10 billion common stock shares. This strategic move is necessary for the Company to support its ongoing growth and expansion plans.

AITX has demonstrated strong financial performance in recent quarters, with gross profit up approximately 250% over the previous year’s first quarter[1]. The Company has also reported a 50% increase in revenue from Q2 to Q3 in FY 2023[2]. With a growing authorized dealer count of 63 and a sales pipeline of over 35 Fortune 500 companies[3], AITX is positioned for continued success.

The Company is expected to provide its FY24 Q2 order intake results, which will offer further insights into the Company’s performance and growth trajectory[4].

One of the key drivers of AITX’s growth is the increasing sales traction of its RAD’s RIO™ solar-powered security solution[5]. The Company recently doubled the production capacity of the RIO ROSA™ towers to meet the device’s growing demand[6]. AITX is also preparing for deployment support and production support growth to ensure smooth operations as the Company scales up.

Increasing the authorized share count provides AITX with the flexibility to issue additional shares in the future, if necessary, to support its growth and debt reduction plans. This move allows the Company to offer and sell more shares for financing, employee expansion and benefits, or secondary offerings without having to redraft and modify its articles of incorporation.

AITX’s decision to increase its authorized share count is a proactive measure to ensure the Company has the resources and flexibility needed to capitalize on market opportunities and continue its impressive growth trajectory. The Company remains committed to delivering innovative AI-driven security and productivity solutions to its enterprise clients and creating value for its shareholders.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.  Further, sales unit take results should not be interpreted in any way whatsoever as representing actual revenues or otherwise predictive of the Company’s future revenues.  

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Expected to Announce RAD’s Quarterly Sales Intake

Detroit, Michigan, September 1, 2023 — 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 is expected to release its Q2 FY 2024 sales unit intake results on Wednesday September 6, 2023.

“I am incredibly excited to soon share the sales results from our primary subsidiary RAD,” said Steve Reinharz, CEO of AITX and RAD. “The 2nd quarter that’s just closed has shown great progress and continued momentum. We’ve publicized some big wins recently and I hope our amazing community of followers is as excited as I am to announce these results.”

Reinharz continued, “I’d like to invite everyone to check out our weekly videos where we review the week’s events and progress and I often share a glimpse of what lies ahead. There’s so much going on at AITX and RAD, it’s really the best way to stay informed.”

Interested parties are encouraged to visit AITX on YouTube at www.youtube.com/@AITX-RAD.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.  Further, the sales unit take results should not be interpreted in any way whatsoever as reflecting actual revenues or otherwise predictive of the Company’s revenues.  

###

Steve Reinharz
949-636-7060
@SteveReinharz

Major Logistics Client of AITX’s Subsidiary, Robotic Assistance Devices, Expands with Order for 38 RIO™ Solar-Powered Security Towers

August 2023 and Q2 of FY 2024 Closing Strong for AITX

Detroit, Michigan, August 30, 2023 — 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 received an order for 38 of its increasingly popular RIO solar-powered security towers.

Not named due to nondisclosure agreements, the Company noted that this direct client is a prominent shipping and transportation company with over 250 distribution centers throughout the United States. This client has thoroughly tested RAD through 9 devices previously ordered and deployed at 2 locations. These newly ordered 38 RIO devices, completing their first phase of planned rollouts, consisting of 24 RIO 360 units, and 14 RIO 180 units will be deployed at 10 of the client’s distribution centers. The Company also noted that additional expansion orders of a similar quantity are expected as part of the second phase of rollouts, and that the client may be named in a future press release and case study.

In a press release dated August 10, 2023, RAD, in anticipation of increased RIO demand, expanded its current RIO production run to 200 units. The Company’s Detroit factory, affectionately referred to as the RAD Excellence Center (or ‘REX’) can produce up to 100 RIO units per month without impacting currently anticipated ROSA and AVA demand. The Company clarified that a ROSA 360 includes two ROSA DC units, while a ROSA 180 includes a single ROSA DC unit. However, many ROSA units that are mounted on a RIO are counted as a single device for unit device counting purposes.

“The validation of RAD as a major enterprise supplier has our entire firm buzzing with excitement and anticipation of where we’ll take this and similar clients,” said Steve Reinharz, CEO of AITX and RAD. “RIO is on track to being a solid performer for RAD and our clients. Plus, RIO is our highest revenue generating stationary solution that we’re building right now and it’s an ideal combination of volume and revenue.” 

“We want to share this moment of accomplishment with our team. From the developers to the engineers, to the implementation folks, to the business development team, to sourcing. It takes a coordinated team to prove to a Fortune 100 company that we should be their partner, and we won,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “Now we’re going to outperform and earn a lot more business from this client while we replicate this victory across all the players in this vertical market.”

Reinharz added, “This single expansion order will add approximately $60,000 to RAD’s (recurring monthly revenue (RMR) once deployed. Current deployments with this client earn us approximately $9,000 in RMR from this client’s earlier deployments. It’s big orders, from great clients like this, and others that we’re expecting to close soon.”

RIO 360 is a versatile solar-powered security tower configured with dual ROSA devices. RIO 360 offers the marketplace two valuable benefits. The first is the unmatched performance of the dual ROSA devices that sit atop the unit’s mast. There is no device in the market that can perform ROSAs extensive list of autonomous actions. ROSA is RAD’s best-selling and a multiple award-winning device. The second critical differentiator is RIO’s value pricing. RIO’s pricing competes favorably against the leading solar tower manufacturers. RIO 180 utilizes much of the same hardware and software platform as RIO 360, but ships with a single ROSA device and fewer solar panels.

Recurring Monthly Revenue (RMR) is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

As stated, sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published four Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s, Robotic Assistance Devices, Announces that Scotland Memorial Hospital Embraces RAD Light My Way™ for Staff Safety

Detroit, Michigan, August 23, 2023 — 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 named Scotland Memorial Hospital as the initial healthcare deployment of RAD Light My Way. This deployment, which began in late 2022, included the installation of multiple ROSA security robots throughout the hospital’s parking lots.

Scotland Memorial Hospital, part of the Scotland Health Care System, is located in Laurinburg, NC. Scotland Health Care System is the region’s largest private employer, with a staff of over 1,000 full-time and part-time associates, over 10 locations, and more than 100 physicians and advanced clinical practitioners on staff.

Nine ROSA units comprising this phase of the deployment were configured as 4 dual-unit ROSA-P devices in addition to one standard ROSA. ROSA-P uses existing light poles as its primary power source whether or not the light is centrally controlled.

This deployment was facilitated by one of RAD’s largest national authorized dealers, which has asked to remain anonymous due to existing non-disclosure agreements.

According to David Pope, Chief Operating Officer with Scotland Memorial Hospital, RAD Light My Way has dramatically improved safety and security at the facility, “Our staff feels safer now that they’re protected by RAD Light My Way. There have been no serious incidents since the installation of the system.”

AITX and RAD CEO Steve Reinharz demonstrated RAD Light My Way to the hospital’s nursing staff last summer which led to a successful proof of concept trial. “When given the option, our team preferred RAD Light My Way to be installed throughout the property instead of adding more security guards,” added Pope.

Parking lots are the third most common place for assaults, abductions, and homicides, according to recent FBI data. A survey by the International Association for Healthcare Security and Safety group found that nearly 70% of armed robberies and 56% of rape incidents of health care workers occurred in parking and adjacent areas.

“RAD Light My Way offers facility managers a new, more efficient way to address nighttime security and safety for their staff and properties and we’re seeing that happen for this healthcare facility,” said a representative of the security company contracted with Scotland Memorial Hospital.

“This has been such a rewarding deployment for us,” said Steve Reinharz, CEO of AITX and RAD. “Knowing that the hospital staff is trusting RAD Light My Way and the ROSAs to keep them safe means the world to us. We hope that this success can sweep across the nation. Healthcare workers deserve to know that their facilities are doing everything they can to provide a safe environment.”

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. RAD has published four Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at multi-family communities, car rental locations and construction sites across the country.

RAD Light My Way has been named the recipient of two Secure Campus 2022 Awards from Campus Security & Life Safety Magazine. In October 2021 RAD Light My Way along with RAD’s ROSA won CBRE’s 2021 Best Workplace Experience Solution Award.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

“From Break-Ins to Breakthroughs” Case Study Published by AITX’s Subsidiary Robotic Assistance Devices

How a Multiple RAD ROSA System Reshaped an HOA Community’s Security

Detroit, Michigan, August 22, 2023 — 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 published a case study reviewing the overwhelmingly positive results from the successful deployment of multiple ROSA security robots at a multi-family community in San Jose, California.

The case study titled “From Break-Ins to Breakthroughs: How a Multiple RAD ROSA System Reshaped an HOA Community’s Security” highlights the transformation of Westside Manor Homeowners Association from a vulnerable community plagued by often dangerous break-ins to a secure environment through the adoption of RAD’s innovative security technology. Struggling with limited funds and frustrated with previously ineffective measures, the HOA partnered with EPIC Security Works, a RAD authorized dealer, to deploy multiple ROSA devices equipped with AI analytics, lights, audio, and visual messaging. This innovative approach led to a significant reduction in break-ins, effectively transforming the community’s security landscape.

“This case study summarizes the detailed and coordinated efforts that RAD, its dealers, remote monitoring partners, property managers and end users perform as we successfully disrupt the security and #proptech marketplaces,” said Steve Reinharz, CEO of AITX and RAD. “I am so proud of this winning combination where everything and everybody worked together enabling a safe and more secure environment for the community’s residents.”

The case study can be viewed online at www.radsecurity.com/case-study-westside-manor-hoa/

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. RAD has published four Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at multi-family communities, car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

August Forecast Updated as AITX Sees Path to Best Order Intake Quarter to Date

Detroit, Michigan, August 15, 2023 — 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 provided an update on RAD’s August 2023 sales activities.

The Company sees a path to 100+ units order intake this month, which would make it the best order intake month to date and drive this quarter to the best quarter of intake in company history. Through mid-August, RAD has booked a total of 18 units, with 100+ orders within possibility by the end of the month.

“We started the month of August having just closed our best month ever,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “All indications from clients and prospects are that they are directing their orders through their final approval and purchasing processes. What’s giving us further confidence is that 2 of our largest clients account for much of this uptick in expected sales.”

To date, for August the company has booked 18 devices including an order for 10 RIO™ 360 solar-powered security towers, as announced on August 10, an expansion order for 1 RIO to an existing end-user, 6 ROSA™ solutions for one of RAD’s most active authorized dealers, plus 1 ROSA device for a newly signed dealer.

The Company noted that it is presently awaiting the final orders to be processed for 2 large expansion opportunities. A global big-box retailer is expected to order an additional 68 ROSA units as part of their national expansion of RAD devices. A global transportation and business services company has indicated that RAD should expect an order for 33 additional RIO devices. This client has already deployed several RIO and ROSA units across the country. Furthermore, there are roughly a dozen smaller expansion orders and new client orders that are expected with high probability in August.

“All that, plus the major East Coast university that just ordered 10 ROSAs for RAD Light My Way™ has told us to expect another order for 5 devices,” added Steve Reinharz, CEO of AITX and RAD.

“I look forward to sharing estimated Q2 additional recurring monthly revenue numbers in September,” Reinharz continued. “It’s these kind of great months that will secure our drive to becoming cash flow positive. I’ll remind everyone that we have a great team totally focused on this and I hope in September I can share good news on this achievement.”

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

Production Doubled for AITX’s Subsidiary, Robotic Assistance Devices’ RIO™ Solar-Powered ROSA™ Towers

RAD Books an Additional 10 RIO 360 Systems via Expansion Order from Automotive Manufacturer

Detroit, Michigan, August 10, 2023 — 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 doubled the current production run of its popular RIO solar-powered security towers. The increased production capacity is a direct result of the continued increase in orders and continuing momentum growth in the marketplace.

The Company also noted that RAD has received an order for 10 RIO 360 systems from a large automotive manufacturer as part of their nationwide expansion. This corporate end-user had previously ordered 2 RIO systems and is now considering further expansion to 40 units. This order has been facilitated by one of RAD’s largest authorized dealers.

In a press release dated July 11, 2023, RAD set the third production run of RIO at 100 units. The first production run was 10 units and the second run was 25 units. RAD now announces that the 100 unit production run has been increased to 200 units. Monthly production is expected to be 25 RIOs in September and 50 RIOs per month beginning in October. The Company will increase or decrease this number as needed. The Company’s Detroit factory, affectionately referred to as the RAD Excellence Center (or ‘REX’) can produce up to 100 RIO units per month without impacting AVA and ROSA production. The Company is staffing additional assembly personnel to perform the additional building.

“It was just last month when we kicked off production of 100 RIOs, it’s fantastic to now double that in support the sales pipeline, and get these units out to the clients,” said Steve Reinharz, CEO of AITX and RAD. “We’ll share more detail on this in the coming months but there have been 2 direct comparisons of RIO versus the volume market leader and in both cases RIO won handily. We appear on track to take a significant leadership role in this market niche in the coming years.” 

RIO 360 is a versatile security tower configured with dual ROSA devices. RIO 360 offers the marketplace two valuable benefits. The first is the unmatched performance of the dual ROSA devices that sit atop the unit’s mast. There is no device in the market that can perform ROSAs extensive list of autonomous actions. ROSA is RAD’s best-selling and a multiple award-winning device. The second critical differentiator is RIO’s value pricing. RIO’s pricing competes favorably against the leading solar tower manufacturers. RIO 180 utilizes much of the same hardware and software platform as RIO 360, but ships with a single ROSA device and fewer solar panels.

Reinharz added, “RIO is our highest revenue generating, stationary solution right now. The recurring monthly revenue produced by these 200 units will help the Company take a significant step closer to attaining positive cash flow.”

Recurring Monthly Revenue (RMR) is money earned from customers who pay for a subscription to a service or product. RAD’s solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

As stated, sitting atop a standard RIO 360 configuration are dual ROSA units. ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s high-resolution, full-color, always-on cameras. RAD has published three Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

###

Steve Reinharz
949-636-7060
@SteveReinharz

AITX Announces ‘Ask Me Anything’ August 6

CEO Steve Reinharz to Appear on Buffalo Fireside Chats

Detroit, Michigan, August 4, 2023 — 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 CEO Steve Reinharz will be participating in a live discussion with Eric Kemnitzer, the host of the popular Buffalo Fireside Chats, this Sunday, August 6, 2023 at 8 PM Eastern Time.

Reinharz will be joined by Mark Folmer, CPP, PSP, FSyI, President of RAD as they discuss a wide array of issues related to AITX’s and RAD’s operations, the marketplace’s accelerating adoption of their innovative technology, the sales pipeline and backlog, and the Company’s financial management and path towards potential profitability.

“We’re excited about a return appearance with Buffalo Fireside Chats and look forward to conducting an Ask Me Anything session,” said Reinharz. “It’s important that an OTC-traded Company regularly connect with its investors, community and the broader public. I’m especially glad to have Mark join us this time around to discuss the RAD sales pipeline, and what the RAD future looks like from his perspective.”

In the spirit of promoting transparency, effective communication, and growth, the Company undertakes this venture, along with a wide range of future interviews. AITX firmly believes that these outreach endeavors will not only bolster its visibility but also forge valuable connections with individuals who share a profound passion for cutting-edge technology and the transformative potential of AI.

The interview will be streaming live on YouTube at 8 PM Eastern Time, Sunday, August 6, 2023. For those unable to tune in live, the recording will be made available for viewing at a later time. More details regarding this will be provided through AITX’s official communication channels.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

 

###

Steve Reinharz
949-636-7060
@SteveReinharz

Clarification: July 2023 Was AITX’s Record Sales Month

Detroit, Michigan, August 3, 2023 — 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 clarified that July 2023 was the Company’s best order booking month to date.

Upon conducting a thorough review of records, the Company noted that on July 5, 2022, it had stated that June 2022 as the best order intake month to date with a total of 85 units placed on order.

The Company noted that in July 2022, pilot deployments were counted as units booked. The Company requires bookings for any devices that need deployment, including pilot deployments. For clarification, beginning in 2023, only devices under contract with a 3-month minimum period are counted and publicly announced. All 69 units booked in July, as stated in the August 1, 2023 press release, are under 12-month subscription contracts. Furthermore, the Company clarifies that ROSS™ license deployments will be counted per the number of ROSS servers deployed, not the number of attached licenses. There were no pilot deployments or capital purchases counted in the 69 units.

“Our investor base asked for this clarification, thank you,” said Steve Reinharz, CEO of AITX. “August is off to a great start, let’s see if we can beat July.”

The Company firmly believes in complete transparency in communications, sharing both successes and challenges with stakeholders, and it extends its heartfelt gratitude for their understanding and continued enthusiasm.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

 

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Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary, Robotic Assistance Devices, Announces July 2023 as Its Largest Booking Month to Date

Detroit, Michigan, August 1, 2023 — 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 July 2023 was the best order booking month in the history of AITX, with a total of 69 units booked. The orders consisted of a comprehensive range of RAD’s stationary lineup, dominated by ROSA security robots, followed by RIO units, and included several AVA units. This diversity demonstrates a growing acceptance and trust in RAD’s expansive product line across multiple industries, use cases, and environments.

The Company noted that the orders booked in July are projected to generate roughly $50,000 in Recurring Monthly Revenue (RMR) or roughly $600,000 in annual revenue. RAD’s hardware and software solutions are generally deployed as a recurring monthly subscription, typically with a minimum 12-month subscription contract.

“Our projections to reach positive cash flow included months like this so I’m thrilled we achieved the first of what we hope will be many,” said Steve Reinharz, CEO of AITX and RAD. “We’ll be working hard to normalize this order intake going forward and start aiming for $100,000 RMR months.”

The Company has also made significant strides in addressing its production backlog, successfully clearing the majority of it in June and July. This achievement will expedite the delivery of July’s orders, most of which are scheduled to ship in August.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

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Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary, Robotic Assistance Devices, Books Order for 27 ROSA Security Robots from Leading Retail Chain

Detroit, Michigan, July 27, 2023 — 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 booked an expansion order from a global big box retailer for 27 ROSA security robots. The order was facilitated by one of RAD’s largest national authorized dealers.

The end-user client is a Fortune 100 ranked company with over 1,500 retail locations across the U.S. These 27 ROSAs units are scheduled to be deployed at 2 of the client’s retail distribution centers. The ROSA devices will be positioned to detect and deter after-hours trespassing, loitering and other security breaches.

“After months of dedicated pursuit and hard work from the entire sales team at RAD and our tremendous dealer, patience, resilience, and unwavering commitment have paid off,” said Steve Reinharz, CEO of AITX and RAD. “We are thrilled to see these efforts come to fruition, and this success further reinforces our commitment to delivering excellence in everything we do.”

The Company noted that this end-user had reported the successful completion of a pilot program for the initial ROSA deployments in an announcement on April 14, 2023.

“This type of high-profile end user with a global footprint isn’t going to take just a few RAD devices,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “Once they’ve experienced the performance and cost savings from our proven solutions, it might take some time, but inevitably the flood gates open and the large orders come in.”

The Company stated that all units are expected to be shipped and deployed later this summer, upon final processing of the received orders.

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. RAD has published three Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

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Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s RAD Shakes Up Campus Safety with Large ROSA Robot Order from Major East Coast University

Detroit, Michigan, July 26, 2023 — 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 is in preparation to ship an order of 10 ROSA™ security devices to a major urban East Coast University. This multiple ROSA deployment will also see the implementation of RAD Light My Way™, providing the students and university staff with an addition layer of safety and security as they move about the campus.

This major deal marks a game-changer for campus safety, as the tech-savvy school aims to replace outdated call boxes with ROSA’s cutting-edge AI and security capabilities. Equipped with RAD’s innovative RAD Light My Way system, the ROSA units will also allow students and staff to instantly summon powerful deterrence and emergency assistance.

The CEO of AITX and RAD, Steve Reinharz, expressed that the deployment of RAD’s security devices and solutions is an essential step in updating obsolete security measures. The robots will be positioned in busy areas on the campus, replacing old call boxes and enhancing the safety measures currently in place.

The university’s decision to implement these AI-driven security solutions reflects the ongoing trend of using advanced technology to combat campus crime. According to findings published in June 2022 from the School Survey on Crime and Safety, postsecondary education campuses experienced a total of 27,300 crimes during the 2019-2020 period. The reported crimes amounted to approximately 19 incidents per 10,000 full-time students. Among these reported offenses, forcible sex offenses accounted for 43%, burglaries for 33%, and motor vehicle thefts for 11%.

The Company confirmed that one of RAD’s largest dealers has received the purchase order from the university. The names of the university and dealer are expected to be announced in the future.

“This marks another highly visible deployment of RAD Light My Way,” said Reinharz. “The ROSA devices will be positioned in busy locations throughout the campus replacing obsolete and ineffective call boxes. Like so many other colleges and universities, this school has experienced an increase in crime, and a sharp decline of student confidence in the safety measures that are in place.”

“We welcomed a large contingent of the university’s administrative and security staff to the REX a few months ago,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “They were so impressed with RAD Light My Way and how easy it is to use. We are looking forward to having much of the school enrolled in RAD Light My Way soon. Collectively, we expect this and the deployment of the ROSAs to be welcomed throughout the campus.”

The Company stated that all units are expected to be shipped and deployed within the next 2 weeks.

The Company anticipates receiving permission from its largest RAD Light My Way user, an East Coast regional hospital group, to be named and provide testimonials on its application and use in the near future.

ROSA is a multiple award-winning, compact, self-contained, portable, security and communication solution that can be installed and activated in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human, firearm, vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. RAD has published three Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country.

RAD Light My Way has been the recipient of two Secure Campus 2022 Awards from Campus Security & Life Safety Magazine. In October 2021 RAD Light My Way along with RAD’s ROSA won CBRE’s 2021 Best Workplace Experience Solution Award.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

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Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary, Robotic Assistance Devices, Announces Worksite Safety AI Analytic

RAD’s Advanced AI Empowers Businesses to Improve Worker Safety & Compliance

Detroit, Michigan, July 20, 2023 — 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 new analytic to their growing AI-based asset library. This new AI analytic detects the presence, and non-presence of personal protective equipment (PPE).

A demonstration is now available featuring streaming video captured by RAD ROSA™ devices autonomously detecting the presence of PPE in its field of view. View the demonstration video by clicking this link.

“As usual we created this analytic in response to client requests,” said Steve Reinharz, CEO of AITX and RAD. “Organizations and persons required to follow OSHA regulations often run afoul of those requirements due to the difficulty of enforcing basic use of PPE. This has resulted in escalating compliance fines as well as often unnecessary injury to workers. Construction sites and industrial factories are the target market for this analytic. Since our ROSS solution can apply this to existing cameras, much like our firearm detection analytic, we expect clients to use a combination of existing cameras and RAD devices to provide employee PPE protection all the while we run other appropriate analytics for security. It’s quite exciting to us.”

OSHA regulations require employers to provide PPE to each employee, depending on their job duties and position. PPE typically consists of gear worn to reduce the risk of severe workplace injuries and illnesses resulting from exposure to various hazards. Among the typical PPE used in workplaces are safety hard hats and protective clothing such as high visibility vests. OSHA suggests that a workplace’s PPE program be periodically reviewed, updated, and evaluated.

Reinharz added, “With this PPE detection and our proven loitering and trespassing analytics, we’re about to roll out a targeted penetration into the U.S. construction industry with our safety and security solutions. There are over 750,000 construction employers needing to ensure the safety of over 7.5 million employees. We’d be more than happy to help them.”

Traumatic Brain Injury (TBI), a common occupational injury, accounts for between 20% and 25% of work-related trauma. The construction industry has experienced the greatest number of both fatal and nonfatal work-related TBI among U.S. workplaces. From 2003 to 2010, 2,210 construction workers died because of a TBI. These deaths represented 25% of all construction fatalities and 24% of all work-related TBI fatalities among all industries during that period.

When a hazard in the workplace poses a potential risk of injury or death, and the business owner or manager fails to address it, OSHA deems it a ‘serious violation’. The fines imposed depend on the gravity of the violation and may go as high as $13,653 for each occurrence. If the violation is repeated within three years, the company will be subject to more severe penalties from OSHA, reaching up to $145,027. In 2020, OSHA conducted around 20,000 inspections and issued over $1.1 billion in fines for violations of all types.

“Failing to comply with stringent OSHA PPE regulations can be very costly to employers who can’t document their compliance or performance,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “With RAD’s secure cloud-based data storage network, employers can now easily gather their PPE compliance data.”

The Company noted that this new advanced AI feature will be available for activation upon request on all RAD security device platforms including ROSS™, RAD’s software-based video management application. PPE detection functionality will be included at no additional charge for ROSA and RIO™ deployments.

“RAD’s sales pipeline has many large opportunities in the construction sector waiting for the release of this PPE analytic,” added Folmer. “This announcement is expected to move these through at an accelerated pace, resulting in possible additions to our recurring monthly revenue numbers.”

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

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Steve Reinharz
949-636-7060
@SteveReinharz

AITX Reports Gross Profit Up Over 250% Over Previous Year’s 1st Quarter

Gross Profit Percentage Increases to 76%, Operating Expenses Down 10%

 Detroit, Michigan, July 18, 2023 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, today reported a gross profit of $293,697, representing a significant increase compared to the same quarter last year (Q1 FY 2023), which recorded a gross profit of $91,433. This demonstrates a year-over-year (YoY) growth of approximately 221%. AITX is a ‘fully reporting SEC company that files detailed annual and quarterly reports with the SEC. The Company’s first quarter of FY 2024 began March 1, 2023, and ended May 31, 2023.

“These results show improvements in fundamental parts of our business. I’m excited to show where we’ll be in Q2, Q3 and as we finish what appears to be a pivotal year for our business,” said Steve Reinharz, Founder and CEO of AITX.

Highlights from Q1 of Fiscal Year 2024:

During Q1, total operating expenses for the three months ended May 31, 2023, were $3,242,674, representing a 10% decrease from the total of $3,588,089 for the three months ended May 31, 2022. The reduction in operating costs is attributed to lower general and administrative expenses as the Company successfully reduced stock-based compensation, wages and salaries, and travel expenses. The remaining impact of the Company’s cost-saving measures implemented in FY  2023 will be reflected in the Q2 FY 2024 statements for the period ending August 31, 2023.

Gross profit percentage increased to 76%, up from a reported GPM% of 24% in Q1 FY 2023. This gross profit margin (GPM) increase is the result of a higher percentage of RMR (Recurring Monthly Revenue) via subscriptions vs. capital purchases in the quarter, improvements in supply chain issues and upgraded production processes.

The sales over total assets ratio witnessed a slight increase from 0.06 for the three-month period ended May 31, 2022, to 0.07 for the three-month period ended May 31, 2023. While this growth may seem modest, it indicates a positive trend towards better utilization of the Company’s assets. The upward movement in the ratio indicates that the Company has improved its ability to generate sales revenue in relation to its asset base, reflecting enhanced efficiency in asset utilization.

Notably, the Company increased the outstanding share count by a modest 4%, specifically 280,929,190 common shares, during the three months ended May 31, 2023. The Company plans to raise up to $30 million through the issuance of additional shares over the next year. These funds will be used by the Company for its growth initiatives and to reduce its debt.

“Our team, channel partners, customers and investors have demonstrated immense commitment and support, leading to these impressive growth metrics,” added Reinharz. “However, there is still a significant amount of work ahead of us to fully accomplish our objectives.”

The Company recommends investors and prospective investors review the full filing here: EDGAR Filing Documents.

The Company reported orders during the quarter of 29 ROSA autonomous security devices and 6 AVA access control solutions. Additionally, the Company has reported adding an additional 6 authorized dealers during the quarter. The Company’s primary subsidiary Robotic Assistance Devices, Inc. (RAD), distributes its products through a combination of direct sales to end-users and opportunities developed through the dealer channel.

During the quarter, RAD successfully deployed its software and hardware-based safety solution, RAD Light My Way at a large regional hospital in the Southeast. The Company expects additional details to be released regarding the deployment’s status and enrollment participation level in the near future.

AITX also announced the deployment of the first of three artificial intelligence powered large language models to enhance investor engagement and provide simplified access for investor’s due diligence and fact-checking as it relates to the Company. RAD is presently rolling out an AI-driven technical assistance platform designed to provide instant, accurate solutions to the technical challenges that RAD’s clients may face.

RAD won a contract with HPS, a group purchasing organization (GPO) that supports schools, healthcare, and senior living organizations across 33 states. HPS is presently introducing RAD to its 4,300 plus members with the intent to improve facility safety and security through RAD’s suite of security robots, both stationary and mobile.

The Company’s and RAD’s public exposure experienced a dramatic uplift during Q1 FY 2023. RAD participated in the production of FOX TV’s ‘Stars on Mars’ reality competition show, which is presently airing 12 episodes. RAD provided 5 RADDOG units and a robotics technician in support of the TV series’ production from mid-April into May 2023. RAD devices are expected to appear in 3 motion pictures getting a theatrical release. ‘The Blue Beetle’, premiering August 18, 2023, from DC Studios and Warner Brothers, is expected to feature multiple RAD ROAMEO and SCOT units. Two additional movies featuring RAD devices are expected to announce their release dates soon.

“RAD’s proactive measures to streamline operations and sharpen focus have positioned us exceptionally well for the anticipated growth on the horizon,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “With our strategic initiatives, solid foundation, strong sales pipeline, and an unwavering team, we are poised to achieve remarkable success.”

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. As such, there are no assurances that the Company will meet its expectations with respect to its future sales volume or becoming cash flow positive. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

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Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary, Robotic Assistance Devices, Demonstrates Fully Interactive Autonomous Mobile Robots, Heralds the Beginning of a New Technological Age

RAD has Developed AI-Powered Speech and Navigational Capabilities in its Robotic Devices

Detroit, Michigan, July 14, 2023 — 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 unveiled an important evolution in robotics and artificial intelligence technology. CEO Steve Reinharz announced a fully autonomous quadruped robot that demonstrates operational functionality which is expected to transform the security and #proptech industries. This achievement not only ushers in an exciting new technological era but also showcases the Company’s incredible capabilities of its AI built into its mobile and stationary robotics. Reinharz demonstrated the robot’s ability to speak, listen and respond to verbal commands.

A video demonstration is now available featuring Reinharz having a verbal conversation with a modified RADDOG 2LE with an engineering prototype RADPack, the mobile robot’s AI backpack. View the video demonstration by clicking this link.

The announcement and demonstrations occurred during the ‘Police Day’ event at the Company’s manufacturing facility, the ‘REX’, located in Ferndale, Michigan. RAD’s first Police Day welcomed over a dozen Detroit area law enforcement agencies to the REX to get up-close and hands-on demonstrations of RADDOG 2LE, developed specifically for law enforcement applications. WJBK FOX 2 TV in Detroit covered RAD’s Police Day event. View FOX 2’s coverage by clicking this link.

The Company noted that the new advanced AI features include the mobile robot’s ability to detect and approach humans, engage humans in the manner similar to that of a security officer, maintain a safe distance, and, if necessary, command, follow or even escort individuals off the property, all performed autonomously. “Our objective is to enhance security operations while reducing risk and ensuring efficiency. RADDOG or other RAD devices enabled with this level of AI functionality will be a tangible representation of this commitment,” said Reinharz. This introduction is a notable advancement in how we envision and plan to implement our security solutions.”

Reinharz added, “With our advanced human detection capabilities RADDOG, and soon other RAD devices, will be able to reliably identify and autonomously react to potential threats. Its autonomous mobility will enable it to patrol diverse terrain and locations that might present risks to human officers. In case of security breaches or emergencies, RADDOG can autonomously escalate its responses, alerting human operators that are monitoring the activity or it can activate its integrated security systems.”

Reinharz noted that this advanced AI functionality will be included in the future release of RADDOG 3S, scheduled to be commercially available this October for the security services, logistics and property management industries. Law enforcement’s version, RADDOG 2LE. is scheduled to begin shipping in late August. Complete specifics of its capabilities, features and other details can be found at www.raddog.ai and www.radsecurity.com.

AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous cost savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. 

RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

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Steve Reinharz
949-636-7060
@SteveReinharz

AITX’s Subsidiary, Robotic Assistance Devices, Partners with GardaWorld Security Systems

Detroit, Michigan, July 12th, 2023 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), and GardaWorld Security Systems, announced today their new partnership to offer RAD products to GardaWorld Security Systems customers in Canada.

“We are very excited to be partnering with RAD in deploying their AI-equipped robotic devices across Canada. RAD’s solutions offer a perfect bolt-on technology for our existing physical security clients to enhance situational awareness through AI,” said Scott Young, National Vice President at GardaWorld Security Systems & Technology.

This new partnership exemplifies GardaWorld Security Systems’ commitment to offering innovative technology. “AI applications have taken the security industry by storm in 2023 and we are very pleased to expand our product lineup to provide this new technology to our Canadian customers from a company that’s been building advanced AI tech for years,” added Young.

The Companies noted that this partnership is an expansion of GardaWorld’s existing authorized dealer agreement with RAD. GardaWorld Security Systems & Technology is now authorized to market RAD solutions throughout Canada.

“These products provide low-cost, AI-powered, remote video monitored solutions to enhance threat/event identification, including firearm detection, with automated and two-way voice communication capabilities,” concluded Young.

“At RAD, our focus is taking robotic devices that are powered by AI and solving security issues in a different way,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “This is a great step forward for both parties, but mostly important for our Canadian end-users that will soon benefit from RAD devices offered through GardaWorld.”

The Companies noted that focus will be on RAD’s ROSA and AVA security solutions. Folmer added, “RAD’s ROSA device, which stands for Responsive Observation Security Agent, delivers basic security services that were once reserved for security officers. And AVA, which stands for Autonomous Verified Access, is a workflow device. Think about that security officer at a gate, and those basic verification functions that can now performed done by a device.”

About GardaWorld Security Systems

GardaWorld Security Systems is part of GardaWorld’s Complete Security Solution, combining physical security with innovative security technology. GardaWorld is one of the largest privately owned security services and cash services companies in the world, offering physical security services, security systems and technology, end-to-end cash management solutions and security risk management, with Crisis24. We are the partner of choice for private enterprise, governments, humanitarian organizations, as well as multinationals. We are comprised of more than 132,000 dedicated and highly qualified professionals serving a diverse client base in North America, Africa, Asia and the Middle East. In the complex world within which we live, our reputation is based upon the quality of our services and the commitment and integrity of our personnel. For more information, visit www.securitysystems.garda.com.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows expe