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.
Robotic Assistance Devices (RAD) has appointed Artur Tchoukanov as its new Industrial Designer. Tchoukanov brings 18 years of experience, having previously worked for notable firms like Pininfarina and collaborated with major brands such as Cisco and Philips Lighting. His hiring marks a significant milestone as RAD aims to redefine its product design in what the company terms RAD 3.0, promising innovative, world-class designs. Tchoukanov expressed enthusiasm about contributing to RAD's future, aligning with RAD's vision to enhance security solutions through advanced robotics.
Artificial Intelligence Technology Solutions (OTCPK:AITX) announced new orders for its ROSA security units, with one unit to be deployed at a national grocery distributor and another for a leading East Coast security firm. Since March 1, 2021, RAD has received a total of 60 units on order, anticipating a significant revenue increase, projecting a run rate 5 to 20 times larger than the previous fiscal year. RAD's COO noted the company's expanding dealer network and product offerings, highlighting the effectiveness of ROSA units in addressing security challenges.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) has released its 10-K for the fiscal year ending February 28, 2021, reporting substantial growth and a stronger financial position. Key highlights include a notable reduction in derivative liabilities from $9.5 million to $943,000, and a strategic debt exchange leading to improved terms, with reduced interest rates and eliminated derivative liabilities. The company anticipates a significant increase in recurring monthly revenue by 5-20 times compared to the previous year. They plan to release a quarterly report soon, showcasing further financial progress.
Artificial Intelligence Technology Solutions (OTCPK:AITX) announced new orders for Robotic Assistance Devices (RAD) products, including 7 ROSA and 2 Wally units. The Wally units will enhance security for an existing client in Europe, expanding their deployment to 3 devices. Additionally, 4 ROSA units are repeat orders from a construction industry client, while 3 units will be used in a retail shopping center. RAD has also onboarded 2 new authorized dealers, facilitating expansion into new markets.
Artificial Intelligence Technology Solutions (OTCPK:AITX) announced a Wally order from a Fortune 250 company, enhancing its presence in the security automation market. Wally, designed to replace traditional security guards, offers functionalities like visitor processing and monitoring at a reduced cost. The client plans additional deployments, potentially exceeding 50 units. The integration of advanced robotics aims to boost productivity while cutting costs, as highlighted by a McKinsey report indicating that 45% of paid activities can be automated, representing a $2 trillion opportunity.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) has announced the launch of ROSA270, enhancing its ROSA product family. This innovative solution, shipping from June 2021, features a new 90° viewing capability through an additional camera, totaling three high-resolution cameras for better surveillance. ROSA270 can be deployed quickly, offers AI-driven analytics for security, and provides two-way communication. RAD aims to improve customer security while reducing costs, demonstrating their commitment to continuous enhancement and customer feedback.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that subsidiary Robotic Assistance Devices (RAD) received a two-unit ROSA order from a key Southern California construction company for deployment at a luxury car dealer site. RAD's May sales are on track to hit a record, with significant backlogs and plans for expansion. The company anticipates more important orders across new markets soon. ROSA, an AI-driven security solution, has proven effective in reducing security concerns at various locations.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced a six-unit order of its ROSA security robots from a major auto group in Northern California. The deployment aims to enhance security at a site servicing three dealerships. ROSA, known for its cost-effectiveness compared to traditional security, addresses loitering and theft. RAD's sales pipeline suggests potential for hundreds of units in the coming year. ROSA technology offers advanced security features, including vehicle detection and live video, enhancing operational efficiency for clients.
Artificial Intelligence Technology Solutions (AITX) announced a significant order of 17 units from its subsidiary Robotic Assistance Devices (RAD) through a major dealer. The order includes 15 ROSA and 2 SCOT units for a pilot program at a well-known global retailer with over 15,000 US locations. These units will deter illegal activities outside the retailer's stores and provide customer information services. Successful deployment could lead to up to 300 additional units in the next year. RAD aims to enhance security in retail environments through its advanced robotics technology.
Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced that Robotic Assistance Devices, Inc. (RAD) achieved its highest monthly production total of 15 units in April, with over 20 units expected in May. RAD is also expanding operations with a new 30,000 square foot facility in Detroit, expected to open on June 28, promising increased production capacity and lower costs. Production lead-times have improved significantly, dropping from over 90 days to under 45 days, projected to reach 21 days or less with the new facility.
