Welcome to our dedicated page for Artificial Intelligence Techno news (Ticker: AITX), a resource for investors and traders seeking the latest updates and insights on Artificial Intelligence Techno stock.
Artificial Intelligence Technology Solutions Inc. (AITX) is a pioneer in delivering cutting-edge artificial intelligence and robotic solutions aimed at enhancing operational efficiency, security, and monitoring capabilities across various industries. Founded in 2016 and headquartered in Reno, Nevada, AITX was formerly known as On The Move Systems Corp before rebranding in August 2018 to better reflect its mission and expertise.
AITX, through its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD), offers a suite of AI-driven security and productivity solutions. These innovative solutions include both stationary and mobile robotic devices that reduce dependence on human personnel while improving operational efficiency, providing significant cost savings of 35%-80% compared to traditional security measures. RAD's product lineup features the ROSA, RIO, AVA, and RADDOG units, which incorporate advanced AI analytics for tasks such as firearm detection, human and vehicle detection, and license plate recognition, all integrated into a comprehensive security and communication platform.
FY2024 marked a year of substantial growth for AITX, highlighted by a remarkable 505% increase in recurring monthly revenue (RMR), rising from $56,802 to $283,624. This growth is driven by the deployment of 104 units in Q4 FY2024, the largest quarterly deployment to date. The company's gross profit also surged by 68% to $1,096,457, bolstered by enhanced operational efficiencies and robust demand for its innovative solutions.
A significant milestone includes the introduction of RIO in FY2024, which contributed $143,686 in RMR in its final operational month. The company's R&D expenses were reduced from $3.6 million in FY2023 to $2.8 million in FY2024, even as it launched new generations of its flagship products, resulting in increased production and supply line efficiencies.
AITX's strategic initiatives include a partnership with Nightingale Security, integrating RAD's ground-based robots with Nightingale's drones to form a robust, comprehensive security ecosystem. This collaboration underscores AITX's commitment to leveraging emerging technologies for superior security solutions.
Looking ahead, AITX is positioned for continued success with plans to achieve cash flow positivity in FY2025. The company's focus on developing AI-driven solutions and forming strategic alliances ensures its leadership in the rapidly evolving security technology market.
For more information, visit www.aitx.ai, www.radsecurity.com, or follow CEO Steve Reinharz on Twitter at @SteveReinharz.
AITX has announced strategic investments and spending priorities to accelerate revenue growth while maintaining its path to positive operational cash flow in 2025. The company is filing to increase its authorized share count from 15 billion to 20 billion to provide financial flexibility for scaling operations.
Key initiatives include:
- Production planning for 100 units of RADDOG LE2 for law enforcement agencies
- Scaling ROAMEO Gen 4 production with over 50 potential clients in pipeline
- Strategic investments in RIO production to minimize U.S. Steel tariff impacts
- Expansion of SARA AI-driven solutions
- Development of HERO (Humanoid Enforcement & Response Officer)
The company aims to strengthen its position in AI-powered security technology while maintaining disciplined cost controls and focusing on recurring monthly revenue growth.
AITX has announced the development of HERO (Humanoid Enforcement & Response Officer), an advanced humanoid security robot expected to be commercially available by late 2025. HERO will join RAD's existing product lineup, including ROSA, RIO, AVA, TOM, and ROAMEO.
The robot will be powered by RAD's hardware and software suite through its electronics vest and backpack, utilizing the SARA (Speaking Autonomous Responsive Agent) system for fully autonomous operations. HERO is designed to address human preference for humanoid interactions while providing security functions like access control, verbal warnings, and incident escalation.
The solution aims to tackle industry challenges such as rising labor costs, high turnover rates, and security personnel shortages. HERO will make its public debut at ISC West in Las Vegas from March 31 - April 4, 2025. The technology is expected to provide cost savings of 35%-80% compared to traditional manned security services.
AITX's subsidiary RAD-R has secured its first major retail partnership for RADCam™, the world's first talking security camera. The unnamed retailer will offer RADCam through both its online platform and physical store locations, expanding beyond current distribution on Amazon and Walmart.com.
The company has begun shipping units to fulfill the initial stocking order. Additionally, RAD-R has released Version 15 of the RADCam app for Android and iOS, featuring significant enhancements to functionality and user experience.
According to Steve Reinharz, CEO/CTO of AITX and RAD-R, more retailers are expected to join in the coming months. Steve Danelon, President of RAD-R, emphasized that this initial stocking order represents a major step forward in their distribution strategy.
Robotic Assistance Devices (RAD), subsidiary of Artificial Intelligence Technology Solutions (AITX), has secured a significant expansion order from a major Michigan-based construction company. The order comprises two RIO™ 360 Mobile Surveillance Units with SARA™ licenses, following the client's initial purchase of one RIO 360 and two ROSA™ units in January 2025.
This expansion comes after the client's attendance at RAD's construction industry open house in July 2024. The company expects rapid deployment, with both RIO 360 units planned to be operational at the client's job sites before month-end. The SARA integration will provide real-time autonomous engagement and immediate incident escalation capabilities.
RAD's AI-driven Solutions-as-a-Service business model aims to provide cost savings of 35%-80% compared to traditional security guarding services. The company maintains a prospective sales pipeline including over 35 Fortune 500 companies.
AITX subsidiary RAD-R has announced the upcoming release of RADCam Version 15, scheduled for February 19th, 2025. This new version introduces enhanced AI-driven security features for home protection, including advanced package monitoring, faster analytics, and improved concierge mode functionality.
Key improvements include more accurate delivery tracking with real-time surveillance announcements, faster package removal detection, natural visitor greeting systems, consolidated event logs across multiple cameras, better Wi-Fi disruption handling, and automatic camera naming. The update aims to provide a more intelligent and responsive home security experience.
Steve Danelon, President of RAD-R, emphasizes the system's enhanced user control and automation capabilities, while Steve Reinharz, CEO/CTO of AITX and RAD-R, positions RADCam as setting new benchmarks in AI-driven home security interaction and reliability.
AITX's subsidiary RAD has announced the launch of AVA Gen 4, an advanced AI-powered access control solution designed for both residential and commercial applications. The new generation features completely redesigned hardware and software, running on an NVIDIA-based processing platform with Ubuntu, replacing the previous Intel/Microsoft architecture.
Key improvements include a 33% lighter chassis, consolidated power supply and system controllers, and new security features such as anti-tailgating technology and AI-enhanced audio communication. The system integrates with HOAP (Homeowner Association Portal) and SARA (Speaking Autonomous Responsive Agent) for enhanced security management.
The company plans to begin deploying AVA Gen 4 in Q2 2025, targeting both commercial facilities and the residential market, particularly the U.S. gated community sector which includes nearly 25,000 communities housing over 15 million people. The solution aims to provide cost savings of 35%-80% compared to traditional manned security services.
Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), has achieved its fastest sales closure, securing a 12-month subscription within 12 hours of receiving a lead. The order, from a Midwest-based towing company, is for a RIO™ 360 solar-powered security trailer with integrated SARA™ technology.
The system will protect the client's vehicle storage yard, providing real-time alerts and intelligent notifications without requiring on-site security personnel. This automated solution offers significant cost savings compared to traditional security operations, eliminating the need for monitoring centers and security staff while ensuring rapid response to security threats.
The quick sales conversion demonstrates growing market demand for RAD's solutions and validates their marketing strategy. RAD's technology aims to reduce security costs by 35%-80% compared to traditional guarding services, with a prospective sales pipeline including over 35 Fortune 500 companies.
Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), reports continued expansion in the State, Local, and Education (SLED) market sector. The company secured a new order for four ROSA units to be deployed in a high-traffic urban waterfront district in a major Midwestern city.
The ROSA units will provide AI-driven autonomous security, including incident detection and continuous surveillance. They will be mounted on existing light poles with 24/7 power supply. Local governments increased public safety spending by 6.7% in 2023 compared to 2022, showing growing demand for AI-powered security solutions.
RAD's ROSA technology features AI capabilities including human, firearm, and vehicle detection, license plate recognition, responsive digital signage, and audio messaging. The company claims to provide cost savings of 35%-80% compared to traditional security services and maintains a sales pipeline including over 35 Fortune 500 companies.
Artificial Intelligence Technology Solutions (OTCPK:AITX) subsidiary RAD is expanding its healthcare security presence with AI-powered solutions. A major healthcare provider has ordered 16 RIO 360 security towers for 12 sites, with plans to expand to 55 units across 23 locations.
The company's solutions address increasing security threats in healthcare settings through AI-driven monitoring and deterrence systems. Key products include RIO 360 Security Towers (solar-powered monitoring), ROSA Security Devices (compact AI-enabled security), and RAD Light My Way (mobile security escort solution).
Scotland Memorial Hospital has implemented RAD Light My Way with positive results. The company reports its solutions provide cost savings of 35%-80% compared to traditional security guarding models. RAD currently has a sales pipeline including over 35 Fortune 500 companies.
Artificial Intelligence Technology Solutions (OTCPK:AITX) has secured a contract through its subsidiary RAD for six RIO 360™ solar-powered security trailers from a southeastern U.S. municipality. The contract was won in a competitive evaluation against an established industry leader, marking RAD's expanding presence in city and county markets.
The RIO 360 features two ROSA units equipped with AI-driven capabilities including human, firearm, and vehicle detection, license plate recognition, responsive digital signage, and audio messaging. Deployments are scheduled to begin in Q1 2025. The solution aims to provide comprehensive site coverage with AI-powered analytics and automated deterrence features.
RAD's solutions are designed to deliver cost savings of 35%-80% compared to traditional manned security services. The company maintains a sales pipeline including over 35 Fortune 500 companies and targets the $50 billion security and guarding services industry.
FAQ
What is the current stock price of Artificial Intelligence Techno (AITX)?
What is the market cap of Artificial Intelligence Techno (AITX)?
What does Artificial Intelligence Technology Solutions Inc. (AITX) do?
What recent achievements has AITX accomplished?
How does AITX's RMR model work?
What industries benefit from AITX's solutions?
What are some of AITX's key products?
What partnerships has AITX formed recently?
What are AITX's plans for the future?
How does AITX's technology reduce costs?
Where is AITX headquartered?
What is the significance of AITX's 505% RMR growth?
