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 Techno (AITX) provides AI-driven security and robotic solutions that enhance operational efficiency across commercial, government, and infrastructure sectors. This news hub offers investors and industry professionals centralized access to official updates and financial developments from the innovator in intelligent automation.
Track AITX's latest announcements including earnings reports, product launches, strategic partnerships, and corporate milestones. Our curated collection ensures timely access to press releases and verified news, helping stakeholders monitor technological advancements and market positioning.
Key updates cover advancements in autonomous security robotics, AI monitoring systems, and enterprise solution deployments. Users gain insights into how AITX's Solutions-as-a-Service model continues to transform security operations through cost-effective automation and proprietary technology.
Bookmark this page for reliable updates on AITX's progress in redefining security standards. Visit regularly to stay informed about regulatory filings, client success stories, and innovations in AI-powered operational efficiency.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced a three-unit ROSA180 order from a major auto group in northern California, following a recent order of six units for dealership protection. CEO Steve Reinharz highlighted the success of ROSA180 in enhancing security at a lower cost than manned alternatives, leading to numerous repeat orders. Additionally, AITX will host an Investor Open House and launch RAD 3.0 on October 13, 2021. RAD's technology offers advanced security solutions, including human detection and license plate recognition, with a recent case study demonstrating its effectiveness.
Artificial Intelligence Technology Solutions announced a 6-unit order of ROSA180 units from a major US airport authority, enhancing its presence in the security sector. The ROSA180 units offer AI-driven security analytics and can be deployed rapidly. CEO Steve Reinharz expressed excitement over the deal, which could lead to further opportunities in airports worldwide, potentially impacting over 350 million passengers annually. This order is expected to bolster RAD's standing as a provider of innovative security solutions, catering to organizations aiming to enhance security while cutting costs.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), has secured orders for twelve units from three clients. Deployments include the first RAD unit in Alaska and additional units for Midway Auto. A new property management client ordered eight ROSAs and one SCOT, with expectations for hundreds more deployments in the coming year. CEO Steve Reinharz highlighted the efficiency of their new business development managers in securing sales. Future announcements are expected to detail new deployments and high-profile client orders.
Artificial Intelligence Technology Solutions (OTCPK:AITX) filed its quarterly report for Q1 FY2022, showcasing a significant revenue increase of 785% compared to the same period last year. Revenues for this quarter surpassed the total from the previous fiscal year by 55%. AITX expanded its sales funnel with new hires and began production in a new manufacturing facility in Ferndale, Michigan, enhancing its capacity to meet rising demand. The company anticipates higher revenues for FY2022 based on this growth momentum.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced Mark Folmer as President and COO of its subsidiary Robotic Assistance Devices, Inc. (RAD) at the close of RAD's RADCON conference. Folmer, previously COO and Vice President, will oversee manufacturing, operations, and sales. The company also launched its 'Road to 500' sales campaign, aiming for 500 units deployed by February 28, 2022. This initiative highlights RAD's commitment to growth and innovation in robotic security solutions.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced the appointment of Jeffrey Slotnick as Chairman of the Board of Advisors for its subsidiary Robotic Assistance Devices, Inc. (RAD). This announcement was made following RAD's inaugural RADCON conference at their new manufacturing facility, REX, in metro Detroit. Slotnick, a recognized expert in Enterprise Security Risk Management, will guide RAD during its market expansion. CEO Steve Reinharz expressed confidence in Slotnick's leadership as essential for navigating this new phase.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced the launch of RADCON 2021, its first global sales and marketing conference, at the RAD Excellence Center in Detroit. CEO Steve Reinharz emphasized the significance of this event, noting RAD's exponential growth during a 15-month remote operation. The recently operational REX manufacturing plant will enhance production capabilities. The conference will focus on strategies to achieve their 'Road to 500' goal, aiming for 500 unit deployments by March next year.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announces the development of RADCore, a new Compute & Control hardware controller by its subsidiary, Robotic Assistance Devices Group, Inc. This innovation aims to reduce costs and enhance production, service, and implementation times. The RADCore will replace multiple processors in RAD devices, starting with the ROSA270. CEO Steve Reinharz states RADCore marks a significant step towards creating new revenue streams and advancing their offerings in the $50 billion US security market.
Artificial Intelligence Technology Solutions announced the resignation of Garett Parsons from its Board of Directors, effective June 22, 2021, due to personal health reasons. The company will provide additional details in a related 8-K filing. CEO Steve Reinharz expressed well wishes for Parsons' recovery and future endeavors. The announcement signals a potential leadership shift, which might affect company strategy and operations as AITX continues to deliver AI-based solutions across various industries.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), has signed L&P Global Security as an authorized dealer. L&P Global Security, a premier security guard service in Texas, will represent RAD's security robot solutions. They plan to deploy RAD's ROSA unit at a major retailer in Texas, addressing client needs for automated security solutions that reduce costs. The collaboration is expected to lead to hundreds of deployments in Texas due to increasing demand for innovative security alternatives.
