Artificial Intelligence Technology Solutions (OTCPK:AITX) Expected to Announce RAD’s Quarterly Sales Intake

Rhea-AI Summary

AITX to release Q2 FY 2024 sales unit intake results, CEO optimistic about progress and momentum

Positive

• Q2 shows great progress and continued momentum
• RAD solutions offer cost savings of 35%-80% compared to manned security model
• Prospective sales pipeline of over 35 Fortune 500 companies

Negative

• None.

Detroit, Michigan, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced 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 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. 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.

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Steve Reinharz
949-636-7060
@SteveReinharz