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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 and its subsidiary RAD-R have launched RADCam, an AI-powered talking residential security camera. Unlike traditional cameras, RADCam uses advanced AI for contextual interaction and can make S.O.S. service calls. The device is priced at $99 with a $10 monthly subscription, featuring a promotional launch price of $69 from November 22 to December 6, 2024. A three-camera bundle is available for $199.
RADCam offers proactive visitor engagement, intelligent event summaries, and AI-driven escalation capabilities. The system includes a 1080p HDR imager, IR illuminators, and mobile app integration for iOS and Android devices.
AITX and its subsidiary RAD have launched SARA™ (Speaking Autonomous Responsive Agent), an AI-driven software solution for security monitoring. SARA automates traditional Global Security Operations Center (GSOC) tasks using AIR™ (Autonomous Intelligent Response) technology, promising over 90% cost reduction compared to human-operated centers. Set for release in January 2025, SARA will be available as an upgrade for all RAD devices, offering automated assessment, engagement, and action execution traditionally performed by human operators. The solution provides instant scalability, precise incident escalation, and comprehensive reporting capabilities while integrating with existing infrastructure through RAD's Operations System Software (ROSS).
Artificial Intelligence Technology Solutions (AITX) and its subsidiary Robotic Assistance Devices (RAD) announced they will unveil a new AI-based security innovation called SARA on November 20, 2024. The technology promises to transform cost-efficiency and quality in security operations, targeting a significant market segment. The announcement will include video demonstrations and pricing details. RAD's CEO Steve Reinharz describes it as a pivotal moment that introduces a cost vs quality paradigm shift. The company aims to reduce security costs by 35%-80% compared to traditional manned guarding services, with a prospective sales pipeline including over 35 Fortune 500 companies.
Artificial Intelligence Technology Solutions (OTCPK:AITX) and its subsidiary Robotic Assistance Devices (RAD) announced the deployment of two ROSA™ security solutions in downtown St. Louis, featured by NBC affiliate KSDK. The AI-driven ROSAs are designed to address urban safety challenges, providing autonomous responses to city ordinance violations including loitering, narcotics trafficking, solicitation, and aggressive panhandling.
ROSA is a portable security solution featuring AI-driven analytics including human, firearm, and vehicle detection, license plate recognition, digital signage, and two-way communication. The system can be installed in 15 minutes and has proven successful in eliminating theft, trespassing, and loitering across various locations nationwide.
Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), has been featured in the November issue of CAM Magazine, published by the Construction Association of Michigan. The article highlights RAD's AI-powered security solutions for construction sites, including the RIO™ portable security tower, addressing challenges like theft, trespassing, and liability risks. With over 1,700 member companies, CAM's coverage emphasizes RAD's role in transforming construction site security through autonomous technologies. The feature follows RAD's hosting of CAM's 'Business After Hours' event in July, where industry professionals discussed security innovations.
Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), has achieved a significant milestone of surpassing 1,000 deployed and contracted security devices as of October 2024. This achievement marks RAD's transition from an industry disruptor to a mainstream security solution provider.
The company's growth is driven by its AI-driven security technologies, including RIO™, ROSA™, and AVA™ devices, which offer organizations cost-effective alternatives to traditional security measures. RAD's solutions provide businesses with cost savings of 35%-80% compared to conventional manned security services. The company maintains a strong sales pipeline, including over 35 Fortune 500 companies, and continues to expand its product offerings and channel partner network to meet growing demand.
Artificial Intelligence Technology Solutions (AITX) anticipates increased government focus on public safety and security measures, regardless of election outcomes. The company, through its subsidiary Robotic Assistance Devices (RAD), is positioned to support these initiatives with AI-driven security solutions that offer 35%-80% cost savings compared to traditional security services.
The Biden-Harris administration has already increased funding for crime prevention, including $100 million for Community Violence Intervention and $10 billion in American Rescue Plan funds dedicated to public safety. RAD's recent successful deployments in Downtown Cleveland demonstrate the growing demand for autonomous security solutions in public spaces.
Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), has unveiled its next-generation wheeled security robot, ROAMEO Generation 4. Set for customer demonstrations in March 2025, this autonomous security robot stands 6'9" tall, weighs 1,609 lbs, and offers up to 16 hours of continuous operation. The robot features advanced AI integration, full autonomous navigation, and recharging capabilities. RAD estimates that 250 deployed ROAMEO units could generate up to $20 million in annual recurring revenue. The robot is designed for various applications including industrial facilities, university campuses, automotive dealerships, and corporate headquarters.
Artificial Intelligence Technology Solutions (OTCPK:AITX) announces its transition to the newly established OTCID Market, effective July 2025. The company has maintained SEC filing compliance since 2019, exceeding current Pink Market requirements. Through its subsidiary Robotic Assistance Devices (RAD), AITX is disrupting the $50 billion security industry with AI-driven Solutions-as-a-Service, offering businesses 35%-80% cost savings compared to traditional security services. The company has a prospective sales pipeline including over 35 Fortune 500 companies and provides AI-based security solutions across multiple sectors including enterprise, government, transportation, and healthcare.
Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions (AITX), announces significant cost optimizations for its Generation 4 product lineup in Q3. Initially, Gen 4 products were 22% more expensive than Gen 3, but improvements in manufacturing and supply chain efficiencies have reduced this gap to 10%. The company implemented a 12% price increase to maintain target gross margins. The Generation 4 lineup, launched in Q2 FY 2025, includes AVA Gen 4, ROSA Gen 4, and RIO Gen 4. RAD's solutions aim to provide businesses with 35%-80% cost savings compared to traditional security services.
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