Artificial Intelligence Technology Solutions Inc.

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Artificial Intelligence Technology Solutions, Inc. engages in the provision of artificial intelligence (AI) solutions. It focuses on delivering AI driven technologies, paired with multi-use hardware and supported by custom software and cloud services, to intelligently automate and integrate security, concierge and operational tasks. The company was founded by John B. Crawford on March 25, 2010 and is headquartered in Ferndale, MI.

Detroit, Michigan, Jan. 09, 2024 (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 has completed a Master Services Agreement (“MSA”) from a large regional bank and received an expansion order of 6 ROSA™ security robots. The banking group has more than 800 branches with over $100 billion in assets.

AITX Inks Bank MSA & Receives a 6 Unit ROSA Expansion Order Through its Subsidiary Robotic Assistance Devices

Detroit, Michigan, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients, today announced its sales forecast for the calendar year 2024, projecting substantial growth in annual recurring revenue. This forecast is based on calendar year 2023 results and is reliant on all orders being fully deployed and having client acceptance.

AITX Forecasts 2x to 4x Annual Recurring Revenue Sales Growth in Calendar 2024

Based on New Booked Orders and Committed Orders Putting AITX Over the $5 Million Milestone Detroit, Michigan, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced that with the receipt of several expansion orders from existing clients, the Company anticipates passing the $5 million recurring annual revenue milestone upon all booked and anticipated orders being successfully deployed and accepted by the customers. This is as of December 20, 2023.

AITX Recurring Annual Revenue to Break $5 Million

Detroit, Michigan, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced the signing of 5 new authorized dealers.

5 New Authorized Dealers Signed by AITX's Subsidiary Robotic Assistance Devices

Explanatory Note The press release we issued in the morning of December 12, 2023 inadvertently contained an error by incorrectly disclosing that Q3 2024 booked revenues were $151,000, when in fact that press release should have disclosed (as reflected in this new corrected press release below) that the Company in Q3 FY 2024 experienced 435% Order Growth year over year, which equated to $151,000 in additional recurring monthly revenue (“RMR”). AITX Q3 FY 2024 Sees 435% Order Growth Year Over Year Detroit, Michigan, Dec. 12, 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 their Q3 FY 2024 order intake results.

CORRECTED PRESS RELEASE FROM THE DECEMBER 12, 2023 PRESS RELEASE DISTRIBUTED TO THE PUBLIC IN THE MORNING OF DECEMBER 12, 2023.

Detroit, Michigan, Dec. 12, 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 their Q3 FY 2024 order intake results. These results indicate significant growth in device orders and Recurring Monthly Revenue (RMR) compared to the same period last year. These results also underscore the Company's continued progress in the AI-powered, security solutions market.

AITX Q3 FY 2024 Sees 435% Order Growth Year Over Year

Troy McCanna Promoted to New Dual Role Detroit, Michigan, Dec. 06, 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), is pleased to announce the promotion of Troy McCanna from Vice President of Business Development to Senior Vice President of Revenue Operations. In this newly created and expanded role, McCanna will oversee all business development activities while continuing to serve as the RAD's Chief Security Officer (CSO).

AITX's Subsidiary Robotic Assistance Devices Announces New Position of Senior Vice President of Revenue Operations

PHOENIX, AZ / ACCESSWIRE / December 5, 2023 / The Stock Day Podcast welcomed Artificial Intelligence Technology Solutions, Inc. (OTC PINK:AITX) ("the Company"), 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. CEO of the Company, Steve Reinharz, joined Stock Day host Matthew Dunehoo.

AITX CEO, Steve Reinharz, Discusses 2024 Sales Outlook with the Stock Day Podcast

Detroit, Michigan, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions, proudly announces a significant financial milestone. The Company has secured a flexible line of credit up to $2 million, backed by early investors from its initial friends & family raise in 2016 and 2017.

AITX Secures $2 Million Commitment in Non-Dilutive Funding

Detroit, Michigan, Nov. 30, 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), is pleased to announce a large expansion order from a major big box retailer. The order was facilitated through one of RAD's largest national authorized dealers.

AITX Books a 56 Unit ROSA Expansion Order Through its Subsidiary Robotic Assistance Devices

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Detroit, Michigan, Nov. 28, 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), is pleased to provide an update regarding a single client's device orders and deployment activities. The end-user client is a Fortune 50 global leader in transportation, e-commerce, and business services.

$3M Per Year Recurring Revenue Expected from a Single Client Upon Full Deployment by AITX's Subsidiary Robotic Assistance Devices

Detroit, Michigan, Nov. 09, 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), is pleased to provide an update on order intake for the current quarter as it seeks to rapidly close the gap between revenue and SG&A expenses.

AITX's Subsidiary Robotic Assistance Devices Poised to Add Over $100K in Recurring Monthly Revenue

Detroit, Michigan, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a pioneer in AI-driven security and productivity solutions along with its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), today published a comprehensive case study detailing the overwhelmingly positive outcomes following the strategic deployment of RAD Light My Way™ and a fleet of ROSA ™ security robots at Scotland Memorial Hospital in Laurinburg, North Carolina. This in-depth review showcases the remarkable improvements in hospital campus safety and staff confidence, cementing the hospital's commitment to cutting-edge security solutions.

“A Community Hospital Leads the Way Toward Better Campus Safety, With Help from RAD Light My Way” Case Study Published by AITX's Subsidiary Robotic Assistance Devices

Detroit, Michigan, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a pioneer in AI-driven security and productivity solutions along with its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), has announced an aggressive push in expanding its intellectual property portfolio, as shared during the recent Investor Conference & RAD Technology Reveal event.

AITX Prepares to File Dozens of Patent Applications

Detroit, Michigan, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a pioneer in AI-driven security and productivity solutions along with its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), is thrilled to announce the successful conclusion of its Investor Conference & RAD Technology Reveal held on November 3, 2023. The event stands as the single most comprehensive presentation and video detailing the Company's rich history, present endeavors, and exciting future prospects.

AITX Investor Conference & RAD Technology Reveal a Success

Event to be Livestreamed on YouTube Friday November 3, 2023, at 4:00 pm ET Detroit, Michigan, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients along with its three wholly owned subsidiaries including Robotic Assistance Devices, Inc. (RAD), today announced that it will be hosting an Investor Conference and RAD Technology Reveal on November 3, 2023, starting at 4pm Eastern Time. This anticipated event will welcome approximately 30 investors in person, while extending its reach to a global audience through a live broadcast on the AITX YouTube channel.

Final Announcement for the AITX Investor Conference and RAD Technology Reveal

Detroit, Michigan, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced the successful deployment of 10 ROSA™ devices at an East Coast university.

AITX's Subsidiary RAD Announces the Successful Deployment of 10 ROSA Devices at an East Coast University

Detroit, Michigan, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced that it has implemented a systematic approach for updating clients on the ongoing enhancements to RAD's software suite. This strategic move underscores the Company's dedication to transparency and optimal service delivery, essential in the security services and property (#proptech) industries.

AITX's Subsidiary RAD Accelerates Software Updates as Device Deployments Rapidly Increase

The Artificial Intelligence Technology Solutions (OTCM: AITX) stock price continued its remarkable sell-off as demand for the shares evaporated. The shares crashed to a low of $0.0032 on Friday, a few points above its lowest level on record.

AITX stock price sits at a record low: is it safe to buy the dip?

NEW YORK--(BUSINESS WIRE)--Wolters Kluwer Tax & Accounting (TAA) will host a conference session, titled Welcome to the Artificial Intelligence (AI)-Empowered Firm Experience, for 1,300 tax, accounting and audit professionals as they gather for Wolters Kluwer's 19th annual CCH Connections: User Conference, beginning on October 22, 2023. Attendees will be given exclusive access to attend an eye-opening session that delves into the remarkable ways AI is reshaping the landscape of tax and accou.

Wolters Kluwer to hold Artificial Intelligence technology showcase session at user conference

Detroit, Michigan, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced the production release of RUPERT, the system that provides operational oversight for all of RAD's deployed security devices, including RAD's best-selling ROSA ™, AVA ™, and the RIO™ 360 and RIO™ 180 models.

AITX's Subsidiary RAD Releases RUPERT, an Advanced Cloud-Based Device Health Monitoring Tool

Detroit, Michigan, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today provided an update on devices deployed, activated and those soon to be deployed.

AITX Provides Update on Deployed RAD Security Robots

Gross Profit Increases 27%, Operating Expenses Down Detroit, Michigan, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients, filed its quarterly report on Form 10-Q for the 3 months ended August 31, 2023 with the Securities and Exchange Commission for its Q2 of fiscal year 2024. AITX is a fully reporting company with the SEC, filing annual and quarterly reports with audited and unaudited financial statements, respectively.

AITX Reports 2nd Quarter Revenue Increase of 44% Over Previous Year

Detroit, Michigan, Oct. 04, 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 identified several vertical markets, along with end-user clients, where RAD devices have been deployed and proven valuable in deterring criminal or unwanted activity.

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