Artificial Intelligence

Artificial Intelligence Tech Solutions Inc (OTCMKTS: AITX) Move Northbound Brewing as Robotics AI Innovator Raises $3.5 Million and Reverses Off $0.006 Lows

November 19, 2022
Beth C. Sumner

Artificial Intelligence Tech Solutions Inc (OTCMKTS:AITX) is hurtling north after surging 48% from lows of $0.006 on Friday alone and closing just above the day’s high of $0.011 on volume around $850,000. AITX has been one of the biggest penny stock runners of 2021, exploding from three zeros to highs near $0.30 per share. Now that the stock is at a fraction of its previous value and appears to have formed a clear bottom and selling has dried up, investors are piling in. AITX is an exciting story evolving in small caps, through its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), moving into the $100+ billion global safety services market. AITX is an SEC filing and recently filed to issue its shares to the fully reporting OTCQB.

Robotic Assistance Devices, Inc. (RAD) Continues to Report Large Sales; Recently the company received several orders totaling 33 units to be delivered to four different customers. The product mix of the 33 security devices ordered since the last public announcement is 28 ROSAs and five TOMs. Earlier this month they received another order for 2 ROAMEO mobile security robots. RAD was also just named the 2022 AST “ASTORS” award winner for its groundbreaking AI analysis of firearms detection in the Best Metal/Weapon Detection Solution category and for RAD “Light My Way” in the Best Alarm Notification System category. An event attended by thousands of professionals from the security industry, government and public safety in New York City.

Artificial Intelligence Tech Solutions Inc (OTCMKTS: AITX), through its subsidiary Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion security and guarding industry through its breadth of innovative, AI-driven solutions-as-a-service businesses . RAD solutions are specifically designed to provide organizations with cost savings of between 35% and 80% compared to the industry’s existing and costly manned security guarding and surveillance models. RAD delivers these tremendous cost savings through a range of fixed and mobile robotic solutions that complement, and sometimes even replace, the need for human staff in environments more suited to machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. RAD has a sales pipeline of over 35 Fortune 500 companies and numerous other opportunities for clients. RAD expects to continue attracting new customers as it converts its existing sales opportunities into customers that generate a recurring revenue stream. Every Fortune 500 customer has the potential to place numerous repeat orders over time. WHEEL include security robots SCOT™, ROSA180™, Wally™, Wally HSO™, AVA™ or ROAMEO™ and consumer software tools including RAD Light My Way and the RAD Device Placement System.

Robotic Assistance Devices (RADs) Light My Way™ offers property managers a new and better way to address nighttime security on their properties. A first of its kind, the solution puts the power of security in the hands of employees, tenants and visitors through the combination of affordable, intelligent, interactive technology, a mobile app and live remote monitoring and response services. The commercial real estate market has drawn attention to this. RAD Light My Way recently won two Secure Campus 2022 Awards from Campus Security & Life Safety Magazine. In October 2021, RAD Light My Way, along with RAD’s ROSA, won the CBRE 2021 Best Workplace Experience Solution Award.

Artificial Intelligence Tech Solutions’ mission is to apply Artificial Intelligence (AI) technology to solve business problems that are perceived as expensive, repetitive, difficult to staff and outside of the core competencies of the client organization. RAD’s first industry focus is the $100+ billion global security services market. RAD’s current goal is to innovate to capture a significant portion of both the human security market (US$30+ billion) and the “physical security” (CCTV, access control, visitor management, etc.) (US$20+ billion) market US dollars) to disrupt and conquer RAD solution ecosystem. RAD’s current goal is to capture a significant portion of both the human security force market ($30+ billion innovative RAD solution ecosystem.

ROSE is a compact, self-contained, portable security and communications solution that can be deployed in approximately 15 minutes. Like other RAD solutions, it only requires power as it includes all the necessary communication hardware. ROSA’s AI-driven safety analytics include people and vehicle detection, license plate recognition, responsive digital signage and audio messaging, and full integration with RAD’s software suite’s notification and autonomous response library. Two-way communication is optimized for mobile phones, 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 prevent incidents of theft, trespassing and loitering at rental and construction sites across the country. (Image: Rosa installed July 11 in Pittsburg)

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

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Earlier this month, the company announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), has received an order for 2 ROAMEO mobile security robots. In this order, a capital purchase brokered by one of RAD’s largest authorized dealers, one ROAMEO will be deployed at the major utility’s headquarters and the other at one of its field offices. This customer recently placed an order for an AVA access control robot, announced via press release on November 3, 2022. The company expects to publicly announce the end user in the near future as the customer has expressed support for the release.

RAD confirmed that they will be next-generation ROAMEO 3.0 units and will be deployed in Summer 2023. ROAMEO 3.0 builds on the thousands of hours of field use for ROAMEO 2.0, with upgrades such as greater speed and mobility, lower production costs and reduced production time, and supported by RAD-G’s RADPack.

This follows last month’s announcement that Robotic Assistance Devices, Inc. (RAD) has received multiple orders totaling 33 units to be shipped to four different customers. The product mix of the 33 security devices ordered since the last public announcement is 28 ROSAs and five TOMs. RAD’s ROSA has received industry recognition for its autonomous ability to detect and respond to trespassing and other property burglaries without the need for manned guard assistance. Folmer confirmed that all 26 ROSAs will be deployed at one of the customer’s distribution centers.

On November 18, AITX announced that its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD) was named the 2022 AST “ASTORS” winner for its groundbreaking AI analysis of firearms detection in the Best Metal/Weapon Detection Solution category for RAD Light My Way in the Best Alert Notification System category. Thousands of professionals from the security industry, government and public safety converged in New York City on Wednesday to meet with experts from industry-leading innovators at ISC East, the largest physical and IT security trade show in the Northeast, to celebrate a Get a preview of the latest security technologies.

Steve Reinharz, CEO of AITX and RAD, stated, “Receiving two AST ASTORS awards for our latest software and hardware solutions is a great honor. We appreciate American Security Today’s recognition and look forward to continued acceptance and adoption of these solutions in the security and #PropTech industry.”

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AITX is currently trading at a market valuation of $38 million has just under $1 million in the treasury and $5.8 million in assets with just over $30 million in liabilities. A majority of RAD’s existing convertible bonds were purchased in support of the RAD/SMP robotics program. This convertible bond has been largely converted into long-term debt and warrants and will not cause dilution in the near term. These numbers do not include the non-diluting The company recently received $3.5 million from its largest company Shareholders as Steve Reinharz reduced his stake from fully diluted ownership from 65% to 54% AITX is an exciting story unfolding in Small Caps, its subsidiary Robotic Assistance Devices, Inc. (RAD), navigating the $100+ billion global safety services market and finding great success under Steve’s capable leadership pure resin. AITX has been 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, liquidity ready and a large group of investors which are constantly accumulating at current level. We’ll be updating on AITX as more details emerge, so make sure you’re subscribed to Microcapdaily.

Disclosure: We are not long or short in AITX and have not been compensated for this article.