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Wednesday, December 1, 2021

Artificial Intelligence Technology Solutions Inc. (OTCMKTS: AITX) Major Run Northbound Brewing as AI Innovator Reports Record Q2 Revenues

Artificial Intelligence Technology Solutions Inc. (OTCMKTS: AITX) is making an explosive move up the charts after the Company reported revenues of $701,906 for the six months ended August 31, 2021. The Company also reported device subscription revenues, referred to as Recurring Monthly Revenue (RMR), increased 69% over the same period of the prior year in Q2, 2021. AITX is quickly transforming into a volume leader in small caps trading $7 million in dollar volume on Tuesday alone. The stock is getting noticed by some big players in small caps and at current levels has plenty of room to grow. Currently under heavy accumulation AITX is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – AITX is moving up with power and has a significant gap to fill from here. The price to beat is recent highs of $0.2899; a break over and its blue skies ahead for AITX. 

AITX management has been working hard behind the scenes recently completing actions to eliminate almost all of its dilutive financial instruments. Unless subsequent events reinstate a dilutive financial instrument, none of which are under consideration, the number of outstanding shares of the company will only grow as a result of actions related to the effective and current S-3. The Company’s subsidiarity RAD continues to receive significant orders for its lineup of RAD devices including from Fortune 500 companies. Recently the Company announced its new lineup of RAD 3.0 devices. RAD 3.0 marks a complete design and re-engineering of nearly all RAD solutions. The response to the RAD 3.0 announcements has been overwhelmingly positive and management expects significant new orders once its customers see the new lineup in person. The stock has momentum, huge liquidity and legions of new shareholders bidding up the price with a significant gap to fill from current levels to $0.2899. 

Artificial Intelligence Technology Solutions Inc. (OTCMKTS: AITX) is 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. Through its next-generation robotic product offerings, AITX’s RAD and RAD-M companies help organizations streamline operations, increase ROI and strengthen business. AITX is 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. Through its next-generation robotic product offerings, AITX’s RAD and RAD-M companies help organizations streamline operations, increase ROI and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services, and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education and healthcare.

The Company through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is looking to redefine $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.

Earlier this year AITX announced that its wholly owned subsidiary Robotic Assistance Devices (RAD) has entered into an agreement with Civitas PSG, one of the largest security companies in Romania. Through this agreement, Civitas broadens its offering to include RAD’s autonomous remote security solutions. Specifics of the agreement were not disclosed, but the company confirmed that the agreement covers all RAD security devices, mobile and stationary, including the recently announced ROAMEO mobile robot and Wally HSO, actively being deployed for health screening, health monitoring and face covering detections operations. “We are excited to provide RAD’s innovative security solutions to our clients,” said Rene Pasculescu, CEO at Civitas Group. “Our current security clients, as well as those looking to elevate their security situation, can now deploy any one of these remarkable and cost-saving RAD devices.”

Microcapdaily has reported on AITX before; on January 31, 2021 we stated: “The Company also received an opening purchase agreement from Civitas PSG, one of the largest security companies in Romania for (2) RAD devices and received a previously anticipated order for a 5-unit RAD solution. This order was received via one of RAD’s significant North American dealers. A mix of SCOT, Wally and ROSA units will form a fully-integrated autonomous system, providing a secured distribution warehouse exclusively utilizing RAD solutions. AITX management has been working hard behind the scenes recently restructuring the vast majority of its debt, which has saved the company a tremendous amount of dilution. The Company’s subsidiarity RAD also received a greatly anticipated order for a 5-unit RAD solution. This integrated autonomous remote security and access solution will be deployed to a Fortune 500 end-user client with over 10 distribution centers and over 7,500 retail locations in the U.S. and Puerto Rico. 

Robotic Assistance Devices (RAD) delivers artificial intelligence-based security robotic solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Its first product suite helps organizations improve the simplicity and economics of patrolling and guard services while harnessing the power of artificial intelligence to gain enhanced situational awareness that improves security, all at a drastically reduced cost. For a full list of RAD Products go here these include the ROAMEO a rugged observation assistance mobile electronic officer, AVA autonomous verifed access, ROSA180 a responsive observation security agent wtih 180 degree field of view, ROSA270 a responsive observation security agent with 270 degree field of view, WALLY a wall mounted version of SCOT, SCOT a secuerity control observation tower and WALLY HSO a health screening the RAD way.

AITX ROAMEO™ 3.0 is Ready for Patrol! ROAMEO is an outdoor security robot unlike any deployed to date. ROAMEO takes all of RAD’s industry-leading AI analytics, video surveillance capabilities, and interactive communications and puts them on the move, at speeds of up to 12 mph. ROAMEO’s 360-degree field-of-view routed through a robust analytic suite, all documented (HIPAA-compliant) securely on the cloud through enhanced cellular services will allow ROAMEO to map property patrol sites, plan and execute routes, avoid obstacles (i.e., people, trees, power posts), and collect and apply data to further optimize for precision and efficiency. The AI analytic suite powering ROAMEO enables the unit to identify vehicles, license plate numbers, and people, with facial recognition, even people wearing or not wearing face masks. As an added benefit, ROAMEO will also interact with people along its patrol route, providing necessary calls for help, panic buttons, security alerts, etc., plus an unlimited number of concierge services including local information, weather, directions, plus profit-generating advertising messaging. 

https://twitter.com/AJohnsonShow/status/1448417054307061765

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AITX

AITX is making an explosive move up the charts after the Company reported revenues of $701,906 for the six months ended August 31, 2021. The Company also reported device subscription revenues, referred to as Recurring Monthly Revenue (RMR), increased 69% over the same period of the prior year in Q2, 2021.  

The Company completed actions to eliminate almost all of its dilutive financial instruments as follows: 1. Substantially all of the convertible debt has been paid or converted; 2. The number of Series F convertible preferred Shares were reduced; 3. An agreement was reached amongst all Series F shareholders not to convert their shares prior to August 2023, unless there is an uplisting of the Company’s stock or an asset sale. Unless subsequent events reinstate a dilutive financial instrument, none of which are under consideration, the number of outstanding shares of the company will only grow as a result of actions related to the effective and current S-3. 

Artificial Intelligence Technology Solutions Announces Regulation Crowdfunding for Robotic Assistance Devices Mobile Subsidiary - RAD•M the home of ROAMEOOn Wednesday, October 13, 2021, the Company announced its new lineup of RAD 3.0 devices. RAD 3.0 marks a complete design and re-engineering of nearly all RAD solutions. “The entire RAD team worked feverishly hard throughout Q2 so that we could preview all of the improvements in design and performance that we showcased earlier this week,” Reinharz added. “The response to our RAD 3.0 announcements has been overwhelmingly positive. I’m sure that we have a hit on our hands and we cannot wait for our customers to see these in person. The AITX Investors Open House and RAD 3.0 Reveal video is available for viewing at https://tinyurl.com/hkp5ds 

Steve Reinharz, President and CEO of AITX stated: “The first half of our fiscal year saw continued progress, development, plus exponential sales growth. Both subscription revenues and sales revenues saw dramatic increases year over year. Fiscal year 2022 continues to confirm RAD’s inevitable progress. These second quarter results reveal our constant grind, whether it’s inventing new products, penetrating new markets, or solidifying our financial position. There is so much more on the immediate horizon that we expect to conquer, making FY 2022 an incredibly big year for us in sales, team, tech and industry stature.” 

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AITX is making an explosive move up the charts after the Company reported revenues of $701,906 for the six months ended August 31, 2021. The Company also reported device subscription revenues, referred to as Recurring Monthly Revenue (RMR), increased 69% over the same period of the prior year in Q2, 2021. AITX is quickly transforming into a volume leader in small caps trading $7 million in dollar volume on Tuesday alone. The stock is getting noticed by some big players in small caps and at current levels has plenty of room to grow. Currently under heavy accumulation AITX is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – AITX is moving up with power and has a significant gap to fill from here. The price to beat is recent highs of $0.2899; a break over and its blue skies ahead. AITX management has been working hard behind the scenes recently completing actions to eliminate almost all of its dilutive financial instruments. Unless subsequent events reinstate a dilutive financial instrument, none of which are under consideration, the number of outstanding shares of the company will only grow as a result of actions related to the effective and current S-3. The Company’s subsidiarity RAD continues to receive significant orders for its lineup of RAD devices including from Fortune 500 companies. Recently the Company announced its new lineup of RAD 3.0 devices. RAD 3.0 marks a complete design and re-engineering of nearly all RAD solutions. The response to the RAD 3.0 announcements has been overwhelmingly positive and management expects significant new orders once its customers see the new lineup in person. The stock has momentum, huge liquidity and legions of new shareholders bidding up the price with a significant gap to fill from current levels to $0.2899. We will be updating on AITX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with AITX.

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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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