Artificial Intelligence Techno - AITX STOCK NEWS

Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) announced the receipt of an order for three ROSA systems from an authorized dealer. The end user, a leading luxury automobile manufacturer, aims to combat rising theft and trespassing at its distribution site. The ROSA units, known for their rapid deployment and advanced AI security features, have gained traction in recent months. RAD expects additional installations at the end user's facilities following this initial order, set for May deployment, indicating a robust sales pipeline and growing acceptance of their solutions.

Artificial Intelligence Technology Solutions (OTCPK: AITX) announced the appointment of Anthony Brenz as Chief Financial Officer of its subsidiary, Robotic Assistance Devices (RAD). With 20 years of experience in finance and operations, Brenz is expected to contribute significantly to RAD's growth strategy and evaluation of uplisting options. RAD aims to enhance shareholder value through Brenz's expertise in corporate strategy and capital market transactions. He will oversee accounting, treasury, and financial planning within the company.

Artificial Intelligence Technology Solutions announced that its subsidiary, Robotic Assistance Devices, has secured a 5-unit order from St. Moritz Security Services, an authorized dealer. The purchase includes three ROSA units and two AVA units, to be deployed at a logistics warehouse and a HOA community. St. Moritz, a significant player with over $100 million in revenue in 2019, is optimistic about future collaborations. RAD’s technologies aim to enhance security operations, integrating advanced features such as AI-driven human and vehicle detection.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) announced a multi-unit Proof of Concept order from a major US airport authority for its subsidiary Robotic Assistance Devices Inc. (RAD). The order includes SCOT (Security Control Observation Tower) and ROSA (Responsive Observation Security Agent) units aimed at enhancing airport security operations. RAD President Steve Reinharz highlighted the potential impact of these units on airport security practices, aiming to set a precedent for nationwide adoption of similar technologies.

Artificial Intelligence Technology Solutions (OTCPK: AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), received an order for eight ROSA units and two AVA systems from Titan Security Technologies. This 10-unit order indicates a strong demand for RAD solutions among diverse clients, including HOA communities and high-end resorts. The units will be deployed across several endpoint users beginning in early May. RAD focuses on innovative security solutions, enhancing operational efficiency and situational awareness for organizations while reducing costs.

Artificial Intelligence Solutions, Inc. (OTCPK:AITX) has entered into an Employment Agreement with its founder and CEO, Steven Reinharz. Highlights include:

• 10 million cashless stock options at $0.15, exercisable when AITX reaches $0.30
• 30 million cashless stock options at $0.25, exercisable when AITX hits $0.50
• Base salary of $20K/month deferred until at least FY 2023

Reinharz has not drawn a salary since the company's inception in 2016, showcasing a significant commitment to AITX's growth.

Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) announced the hiring of Christopher Almonrode as Vice President of Security & Industry at its subsidiary, Robotic Assistance Devices (RAD). He brings extensive experience in security initiatives and leadership, expected to support RAD's growth and client acquisition. Almonrode previously held positions at CBRE and G4S, enhancing security solutions for Fortune 500 companies. His appointment is seen as a strategic move to reinforce RAD's presence in the Autonomous Response Services sector.

Artificial Intelligence Technology Solutions, Inc. (OTCPK: AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), has released a case study on its client Midway Car Rental. This case study highlights the significant positive impact of RAD’s ROSA devices on security and safety at Midway’s facilities. RAD's technology has effectively reduced theft and vandalism issues, confirming the company's innovative approach. Midway plans to deploy additional ROSA units, indicating growth potential in the security solutions market for automotive businesses.

Artificial Intelligence Technology Solutions (OTCPK:AITX) announced an order for two Wally HSO (Health Screening Option) systems from dealer DSI Security Services, intended for a national nonprofit agency. This autonomous solution replaces the need for security guards to conduct temperature scans, promoting cost savings and efficiency. The Wally HSO provides touchless temperature assessments, access control functions, and AI-driven facial recognition. The initial installation is planned for April, with potential for additional units based on user feedback.