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Wednesday, June 29, 2022

Artificial Intelligence Tech Solutions Inc (OTCMKTS: AITX) Investors Looking for a Big Week Ahead as Robotics AI Innovator Secures New Deals & Applies to Up List to OTCQB

Artificial Intelligence Tech Solutions Inc (OTCMKTS: AITX) recently made a significant reversal off $0.0092 after months of downtrend. The stock was one of the biggest penny stock runners of 2021 skyrocketing from tiple zeroes to highs near $0.30 per share. Now that the stock is based at a fraction of its former value investors are starting to take notice. AITX is a really exciting Company, through its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), the Company is making moves in the $100 billion plus global security services market. RAD’s current goal is to disrupt and capture a significant portion of both the human security guard market (over $30 billion) and “physical security” (video surveillance, access control, visitor management, etc.) market (over $20 billion) through its innovative RAD solution ecosystem.  AITX is an SEC filer and recently applied for up listing its shares to fully reporting OTCQB. AITX sales are on the rise with the Company doing over $100,000 a month in revenues during 2022 and growing quickly. 

AITX has been very busy in recent weeks, besides the up listing to OTCQB, AITX signed a new authorized dealer and expects to receive an order for at least 8 ROSA security robots from the dealer’s largest client within days. With the addition of the new authorized dealer, RAD’s dealer network has expanded to well over 40, covering the US, Canada, the United Kingdom, and the European Union. The Company received an order from Civitas PSG, one of the largest security companies in Romania for an AVA (Autonomous Verified Access) access control device, and one ROSA (Responsive Observation Security Agent) robotic surveillance unit. This will be RAD’s first deployment in the European market for AVA. AITX also signed U.S. Secure Ventures (USSV) as a new authorized dealer and has received an order for a ROSA security robot from this new dealer. USSV is a commercial security services provider with offices in Dallas, TX growing from regional leader to a national authority in commercial and integrated security. Robotic Assistance Devices, Inc. (RAD) will host an event focused on public safety technology in New York City, Thursday June 30 at a location in lower Manhattan and time to be determined. 

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Artificial Intelligence Tech Solutions Inc (OTCMKTS: AITX) is a high-tech start-up that delivers robotics and artificial intelligence-based solutions that empower organizations to gain new insight, solve complex security challenges, and fuel new business ideas at reduced costs. RAD developed its advanced security robot technology from the ground up including circuit board design, and base code development. This allows RAD to have complete control over all design elements, performance, quality, and the user’s experience of all security robots whether SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, ROAMEO™, or RAD Light My Way™. AITX achieved SOC2 Type I certification in 2021 and is currently undergoing an audit required for Type II accreditation. Additional related certifications for GDPR, CE and ISO27001 are either underway or under consideration.   

Artificial Intelligence Tech Solutions mission is to apply Artificial Intelligence (AI) technology to solve enterprise problems categorized as expensive, repetitive, difficult to staff, and outside of the core competencies of the client organization. RAD’s first industry focus is the more than $100 billion global security services market. RAD’s current goal is to disrupt and capture a significant portion of both the human security guard market (over $30 billion) and “physical security” (video surveillance, access control, visitor management, etc.) market (over $20 billion) through its innovative RAD solution ecosystem.  

Robotic Assistance Devices, LLC was incorporated in the State of Nevada on July 26, 2016, as an LLC and was founded by current President Steve Reinharz. Mr. Reinharz, has 25+ years in various leadership/ownership roles in the security industry and was part of a successful exit to a global multinational security company in 2004. Mr. Reinharz started his first security integration company in 1996, which he grew to 30+ employees before closing that company in 2003. RAD’s first industry focus is the more than $100 billion global security services market.1 RAD’s current goal is to disrupt and capture a significant portion of both the human security guard market (over $30 billion)2 and “physical security” (video surveillance, access control, visitor management, etc.) market (over $20 billion) through its innovative RAD solution ecosystem. 

ROSA is a compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human and vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. RAD has published two Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country. (Image: Rosa installed at 7/11’s in Pittsburg)

AVA is a compact and stanchion mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry. AVA takes full advantage of the RAD Software Suite providing an ideal solution for logistics and distribution centers, storage yards, parking structures and lots, corporate campuses; anywhere that increased visibility is needed at a fraction of the cost. At ISC West in late March, AVA was named a winner of the 2022 SIA New Products and Solutions Awards in the category of Access Control Software, Hardware, Devices and Peripherals. 

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AITX

AITX recently reported its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) will include gun detection in its upcoming release of ‘version 7’ of its analytics software suite. RAD further announced that in partnership with Centralized Vision, active monitoring of gun detection alerts will be offered at no cost for all RAD deployments, subject to terms and conditions to be announced later. 

RAD’s gun detection identifies the presence of side arms and long gun firearms. For clients who opt-in, as soon as a gun is identified as such by RAD’s AI-driven analytics the system may perform a variety of actions including appropriately activating a local autonomous alert, notifications to remote monitoring or onsite security staff, and appropriate authorities – ideally before any shots are fired. The alert could be in the form of an audible and visual response on the RAD device. This immediate response will provide building security (#PROPTECH) and law enforcement precious minutes to respond to the situation, mitigating the loss of life, injuries, and property losses. Full details, terms and conditions will be released publicly in July. Gun detection will be available on all RAD devices and is backward compatible with RAD devices already deployed. Clients will be invited to opt-in beginning in mid-June. RAD’s gun detection analytic is just one of the many elements that will be prioritized and managed by the company’s upcoming ‘incident management system’. The platform allows RAD dealers to avoid expensive and high maintenance alarm management solutions and is part of RAD’s efforts to rewrite the entire security industry’s software library. 

On June 3, AITX announced its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has signed USA Security as a new authorized dealer and has received an order for 2 ROSA security robots from this new dealer. USA Security designs fully integrated commercial security systems that utilize cutting-edge technology. USA Security is headquartered in Eden Prairie, Minnesota and supports a variety of industries across the United States. Although not named due to non-disclosure agreements, the Company confirmed that the 2 ROSA security devices will be deployed at a large retail center located in downtown Minneapolis, Minnesota. The dual ROSAs are expected to audibly greet shoppers with welcoming messages and visuals while performing routine surveillance of the property’s entrances from the parking garages. 

Chris Daniels, Director of Sales and Marketing at USA Security said: “RAD solutions are what the security industry needs right now. We expect to save this client close to $300,000 over the next three years – with just two ROSAs. Our clients want to save money while keeping their properties and guests safe and secure. We’re able to do that with RAD.” 

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Currently trading at a $76 million market valuation AITX has over $4 million in the treasury and $9 million in assets with just over $20 million in liabilities. Much of RAD’s existing convertible debt was acquired in support of the RAD/SMP robotics program. This convertible debt has largely been converted to long-term debt and warrants and will not cause short term dilution. AITX is a really exciting story developing in small caps, its subsidiary Robotic Assistance Devices, Inc. (RAD), is making moves in the $100 billion plus global security services market and finding great success under the able leadership of Steve Reinharz. AITX was one of the biggest runners of 2021, skyrocketing to highs near $0.30 per share. At current levels AITX has a massive gap to fill, ready liquidity, and a large group of investors who are already buying at current levels. Since the reversal just under a penny AITX has been under heavy accumulation and looks ready for action. We will be updating on AITX when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in AITX either long or short and we have not been compensated for this article.

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