Artificial Intelligence Techno Stock Price, News & Analysis

Artificial Intelligence Technology Solutions (AITX) has announced that its subsidiary, Robotic Assistance Devices (RAD), is currently involved in filming for its third movie and one television series. RAD's robots are gaining popularity among film creators for their interactive capabilities and unique appearances. The company is not paying for product placements, and its devices are expected to feature in notable productions with potential releases by the end of the year. AITX is also pursuing an uplisting to OTCQB, with updates anticipated shortly.

Detroit, Michigan, June 10, 2022 - Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) announced a record order for a minimum of 37 RAD devices from a major dealer. This order, comprising ROSA and AVA security robots, marks the largest unit order through an authorized dealer. The end user, a global leader in transportation manufacturing, will deploy these robots across five facilities, aiming for significant cost savings—up to 90% in the first year. AITX is also seeking uplisting to OTCQB.

Artificial Intelligence Technology Solutions (OTCPK: AITX) announced a major demonstration of its security solutions, including ROSA™, SCOT™, and RAD Light My Way™, at a prominent healthcare organization. This event signifies RAD's largest private demonstration since the pandemic, attended by leading hospitals and a major consumer goods manufacturer.

The company notes a surge in interest from major guarding firms, with plans for co-branded solutions aimed at meeting rising security demands amidst labor shortages and inflation.

Artificial Intelligence Technology Solutions (OTCPK: AITX) announces the publication of an article by CEO Steve Reinharz titled “We Need Robots, Not Rate Hikes!” The article critiques the negative impact of Federal Reserve rate hikes on employment over the last six decades and advocates for automation as a solution. Reinharz argues that technology can enhance productivity, fill job vacancies, and curb inflation without necessitating layoffs. AITX has also filed for uplisting to the OTCQB, with future updates expected regarding this application.

Artificial Intelligence Technology Solutions (AITX) announced that its subsidiary Robotic Assistance Devices (RAD) appointed NANA Management Services (NMS) as a new authorized dealer, receiving an order for one ROSA security robot. The ROSA unit will be used for client demonstrations. NMS, a leading security services provider in Alaska, aims to enhance security solutions amid staffing shortages. With NMS on board, RAD's dealer network expands to 44 dealers across North America and Europe. AITX is also pursuing an uplisting to the OTCQB, with future updates expected.

Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) announced that its subsidiary, Robotic Assistance Devices, Inc. (RAD), has appointed USA Security as a new dealer and received an order for two ROSA security robots. These robots will be deployed at a major retail center in Minneapolis, enhancing security while offering estimated savings of $300,000 over three years. This expands RAD's dealer network to 43 across various regions. AITX has also filed for uplisting to OTCQB, with further announcements expected regarding this application.

Artificial Intelligence Technology Solutions (OTCPK: AITX) announced its application to up-list from the OTC Pink Open Market to the OTCQB market. This move aims to enhance visibility and attract a broader investor base. CEO Steve Reinharz expressed optimism about the listing, which requires adherence to stringent financial reporting standards and undergoing a verification process. The company, through its subsidiary Robotic Assistance Devices (RAD), offers innovative AI-driven security solutions, potentially saving businesses 35%-80% compared to traditional security models.

Artificial Intelligence Technology Solutions (OTCPK: AITX) reported a remarkable 400% revenue increase year-over-year, totaling $1,447,109 for FY 2022. The company’s cash position improved significantly, rising to $4,648,146 as of February 28, 2022, aided by over $12.5 million in share proceeds and $9.4 million in loans. The workforce expanded by 226%, with a current headcount of 83. AITX anticipates further growth, projecting a potential increase in recurring monthly revenue run rates by up to 20 times by the end of February 2023, and plans to uplist to the OTC QB by June 10, 2022.

Artificial Intelligence Technology Solutions (AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), will host a public safety technology event in New York City on June 30. This event aims to showcase RAD’s new software applications, including an AI-based gun detection system and RAD Light My Way, a mobile app for enhancing safety on school campuses. Key speakers include former FBI Agent Troy McCanna, who emphasized the importance of early detection in active shooter situations. RAD’s solutions enhance security and situational awareness in schools and universities.