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Sunday, September 25, 2022

Artificial Intelligence Tech Solutions Inc (OTCMKTS: AITX) Under Accumulation as Robotic Assistance Devices, Inc. (RAD) Inks Major New Orders

Artificial Intelligence Tech Solutions Inc (OTCMKTS: AITX) has formed a strong base at a penny and investors are looking for a run up from here. AITX 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.  

investors are currently looking out for Q3 results which the Company will file any day; recently AITX reported its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has received several orders and signed one new authorized dealer in the closing days of its fiscal quarter which ended August 31, 2022. In the final days of the quarter, four ROSA security robots were ordered by The Richman Group, parent company of Citrus Construction, an existing RAD client with several ROSA units deployed. ROSA’s value and performance in securing Citrus Construction’s job sites was featured in a published Case Study. Two AVA units have also been ordered through one of RAD’s recently signed authorized dealers. Also, in September RAD received pre-order commitments for thirty of the Company’s recently announced RIO™, portable, solar-powered security solution.  

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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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Investors are waiting for Q3 results to be filed which are expected to be exceptional; recently aiTX reported its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has received several orders and signed one new authorized dealer in the closing days of its fiscal quarter which ended August 31, 2022. In the final days of the quarter, four ROSA security robots were ordered by The Richman Group, parent company of Citrus Construction, an existing RAD client with several ROSA units deployed. ROSA’s value and performance in securing Citrus Construction’s job sites was featured in a published Case Study. 

Two AVA units have also been ordered through one of RAD’s recently signed authorized dealers. These AVA devices will be deployed at one of the dealer’s end-user locations providing autonomous vehicle and visitor controlled access, replacing traditional and costly security guarding personnel at access gates. RAD has also signed one new authorized dealer, a regional security services provider located in southern Michigan. This dealer has ordered one ROSA device for demonstration purposes. The Company expects to provide additional details regarding this dealer in the coming weeks. 

On September 15 AITX announced its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has received pre-order commitments for thirty of the Company’s recently announced RIO™, portable, solar-powered security solution. RIO (ROSA Independent Observatory) continues the productization of RAD’s best-selling, multiple award-winning security robot known as ROSA. RIO consists of a single ROSA 3.1 unit mounted atop a solar-powered portable trailer, with the option of adding a second ROSA unit.  RAD exhibited at GSX 2022 in Atlanta. On display at the security industry trade show were RIO, several ROSAs and AVA. RIO has been designed with portability and round-the-clock performance in mind. RIO is completely self-contained as well as self-sufficient. All components necessary to provide day and nighttime security and surveillance are included with RIO. All networking hardware and software is provided, including RAD’s ‘optimized cellular’ connectivity. At its base stands a ruggedized portable trailer positioning the unit’s two solar panels and housing the device’s high-performance batteries and control systems. RIO’s retractable mast extends nearly 20’ where a single ROSA is mounted providing an ideally positioned 180° field of view through its two high resolution PTZ cameras. To achieve a 360° field of view, a ROSA-Expander unit is also available. 

Mark Folmer, President at RAD stated: “Leading up to RIO’s formal announcement earlier this week at GSX, we launched a pre-order program exclusively for our authorized dealers and select clients. The response to RIO prior to GSX was impressive, but once our dealers and their clients saw RIO up close at the show it became quite clear that interest in RIO would exceed our expectations. Clients were pleasantly surprised to learn that RIO included such advanced functionality, and priced well below what they would usually pay. The response was so strong at GSX that we’ve decided to extend the RIO pre-order program through the month of September,” Folmer added. “This extension will give many of the new dealers and end-users we met this week time to take advantage of the extra incentives in the RIO pre-order program.” 

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Currently trading at a $52 million market valuation AITX has just under a million in the treasury and $5.5 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. 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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