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Other Recent Company Highlights Include:
Strengthening and maximizing the efficiencies of the Company’s functional teams;
Significant speed improvements in backend and AI analytics processing;
Development and launch of RIO™, RAD’s first solar-powered portable security trailer;
Announcement and development of RADDOG™, the security industry’s first purpose-built quadruped robot dog;
Completion and formal release of RAD’s multiple awarding-winning ROSA™ 3.1, plus the receipt of over 500 device shells produced via injection molding, part of the 1000+ shell and shipping packaging order for production and inventory;
The introduction of AITX’s subsidiary RAD-G’s launch into OEM markets;
Completion of AVA™ 3.0 and receipt of over 40 device shells via cast production method;
Achievement of SOC2 compliance and significant improvements in cyber and electrical systems security and safety;
Deployment of SSO (Single Sign-On), streamlining the process for logging into RAD’s software suite;
Significant expansion of RAD’s dealer channel to over 50 dealers, covering North America, Europe and the United Kingdom;
Significant strengthening of relationships with key dealers and corporate end-users;
Identification of multiple patent applications;
Other significant improvements that strengthen the Company’s technology and ability to produce and deliver units at scale.
That is also a way to see it - I guess you have done your due diligence and come up with this evaluation. I do not agree - on the contrary. It is cutting-edge technology no one (almost) can offer their customers. Still, I can also be frustrated sometimes.... why does it not succeed quicker!!! Resilience and patience buddy, this is a long-run play for me and other investors.
That said, I expect another big run in December or early January - things are in progress.
AITX announces the filing of a prospectus supplement and updates guidance.
https://aitx.ai/aitx-announces-filing-of-pros...s-guidance
BlazingStocks, how many end-user-Customer-orders?
Nice... More exposure to RAD's technologies, AI-based analytics, and software platforms
Not $10 Million Dollars of Orders...gotcha
After all of the years of Press Releases from CEO Steve Reinharz touting orders, some Revenue projections...here comes yet another toxic financing deal. Why does Steve Reinharz self proclaimed Industry Leading company need toxic financing??
Something IMO there is something seriously wrong here....again IMO.
So Steve Reinharz's self proclaimed Industry Leading company can press release $10 Million dollars of possibly toxic financing but not $10 Million dollars of orders....even after all these years. Unreal
AITX Update: "$AITX Detroit is good for us. Some coverage on RAD within the article below and maybe a big live TV piece this weekend ??
DBusiness Daily Update: Butzel Law Firm Expands Footprint with New West Michigan Office, and More https://dbusiness.com/daily-news/dbusiness-daily-update-butzel-law-firm-expands-footprint-with-new-west-michigan-office-and-more/ via
@DBusiness "
$AITX Detroit is good for us. Some coverage on RAD within the article below and maybe a big live TV piece this weekend 👍
— Steve Reinharz (@SteveReinharz) December 6, 2022
DBusiness Daily Update: Butzel Law Firm Expands Footprint with New West Michigan Office, and More https://t.co/OY3qLJyiv7 via @DBusiness
Never underestimate penny stock marks.
Look how many tens of millions they have donated already collectively.
I think it's more of a pump PR.
Who in their right mind would put 10 million dollars into this.
It will sound good when they mention that at the Investor Open House and Technology Reveal.
Interesting Timing, Open House, Toxic financing????
$AITX has the financing necessary for backlogged orders and future growth.
The Company noted that as of December 5, 2022, Robotic Assistance Devices, Inc. (RAD), AITX’s primary operating subsidiary, has approximately 280 units deployed and approximately 250 units on backorder. In addition, RAD forecasts a high probability that it will receive additional unit orders totaling approximately between 250 and 500 units over the next six months. RAD further projects that it will receive orders for between 350 and 800 devices over the next twelve months.
Detroit, Michigan, Dec. 06, 2022 (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 that today it has filed with the SEC a Prospectus Supplement (the “Prospectus Supplement”) to the Prospectus included in the Company’s Form S-3 registration statement that was declared effective by the SEC on September 10, 2021. The Prospectus Supplement discloses the terms of an Amended Purchase Agreement with GHS Investment, LLC (“GHS”), dated December 5, 2022, whereby GHS has agreed to purchase up to $10 million of the Company’s common stock over the next two years on certain conditions. The additional shares of common stock will be issued pursuant to the Prospectus Supplement. A copy of the Amended Purchase Agreement is attached to the Form 8-K being filed with the SEC today.
Won't a sale of shares that size max or exceed the AS?
Daaaamn selling 10 million dollars MORE worth of stock.
No wonder the heightened promotion exists.
Retailers are in for a rude awakening, just like the prior two batches found out.
Sell devices Steve and you wouldn’t have to sell stock.
ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
Up to $10,000,000 of Shares of Common Stock
This prospectus supplement relates to the issuance and sale of up to Ten Million Dollars ($10,000,000) in shares of the common stock of Artificial Intelligence Technology Solutions Inc., a Nevada corporation (“AITX” or the “Company”) to GHS Investments LLC (“GHS” or the “Investor”). The issuance and sale to GHS will occur under a purchase agreement entered into on December 5, 2022 (the “GHS Purchase Agreement”). GHS may be considered an underwriter of this offering under the meaning of Section 2(a)(11) of the Securities Act of 1933, as amended. This prospectus supplement is issued as part of the Company’s registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission (“SEC”) on September 10, 2021.
The shares being offered are shares of our common stock that we may sell from time to time over a twenty-four (24) month period ending December 5, 2024, at our sole discretion, to GHS under the GHS Purchase Agreement. See “The Offering” on page S-5 of this prospectus supplement and “Purchase Agreement with GHS” on page S-5 of this prospectus supplement.
Our Common Stock is currently quoted on the OTC Markets Pink under the symbol “AITX.” On November 29, 2022, the closing price as reported was $0.01 per share.
INVESTING IN OUR COMMON STOCK INVOLVES CERTAIN RISKS.
"We all" never thought that in the first place. In fact there has been no lack of ample warnings regarding this perpetually promoted SCAM for years.
It should be an interesting event...with a surprise or two. $AITX
Detroit, Michigan, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), along with its wholly owned subsidiary, Robotic Assistance Devices Inc. (RAD), will be hosting an Investor Open House and Technology Reveal Wednesday December 7, 2022, at 4:30pm Eastern Time. The event will be held at the Company’s manufacturing facility, the ‘REX’, located in Ferndale, Michigan.
$AITX trading well on about 25% of its 10-day average volume... UP over 5%. Let's see what comes from the Open House.
Will Steve use Open House for significant Dilution????
As of the time of this post the current outstanding share count is....
https://www.otcmarkets.com/stock/AITX/security
BlazingStocks, SteveReinharz said this 1,928-Days-ago
Distributors signing high volume contracts would be ideal...
More dilution.
Why.... no sales!
The Outstanding shares are at 5,278,415,892 now even after Steve got a $4,000,000.00 loan a month ago.
Big week for AITX with the company's Open House event with new product announcements set for Wednesday, Dec. 7th in Ferndale, MI. Remember, this can also be watched on-line as mentioned in the news today...
AITX and RAD to Host Investor Open House and Technology Reveal
Event Will Showcase Solutions from AITX Subsidiaries RAD, RAD-M and RAD-G
Detroit, Michigan, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the "Company") (OTCPK:AITX), along with its wholly owned subsidiary, Robotic Assistance Devices Inc. (RAD), will be hosting an Investor Open House and Technology Reveal Wednesday December 7, 2022, at 4:30pm Eastern Time. The event will be held at the Company's manufacturing facility, the 'REX', located in Ferndale, Michigan.
Registration for in-person attendance is currently closed. Any attendee that has not pre-registered or is not with a registered guest will be turned away at the door. Those unable to attend the event in person are asked to view the livestream at 4:30pm ET on AITX's YouTube channel www.youtube.com/aitxrad (or thereafter at any time).
"This event is going to reveal new technology, demonstrate enhancements to existing solutions and lay out a path - with examples from RAD users - for tangible and deployable #proptech solutions," said Steve Reinharz, CEO of AITX. "The event is the cumulation and exposition of our team's hard work, of listening to dealers and end users and of focusing on a vision that we believe will be the norm in the near future."
Security directors and Chief Security Officers, facility managers, logistics directors are encouraged to watch and see how RAD solutions are saving similar clients' money while improving performance.
The Company confirmed that the event will include updates on existing RAD solutions including ROSA 3.1, AVA 3.1, and RIO, plus a live demonstration of RAD's award-winning Firearm Detection AI analytic. Also scheduled is the introduction of ROSS (RAD Operations System Software). ROSS connects previously deployed IP-based security cameras to the RAD network of applications and AI-based analytics.
The main event planned for the Open House and Technology Reveal will be the public introduction of RADDOG(TM), RAD's quadruped robot dog, developed specifically for the security services, logistics, utilities, and property management industries. RADDOG integrates RAD-G's RADPack plus the entire RAD ecosystem of connectivity.
"We will be joined onstage by a few of our dealers, big and small," said Mark Folmer, CPP, FSyI, President of RAD. "The security industry is experiencing a rapid transformation, moving from a reliance on costly and hard to manage manpower to automation and robotics. We're excited to be able to hear directly from the dealer channel on how RAD is at the forefront of this inevitable evolution."
AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $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.
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial goals including projections and forecasts, and other risks. No information contained in this news release should be construed as any indication whatsoever of the Company's future stock price, revenues, or results of operations. Additionally, any industry data provided herein is of no predictive value regarding the future sale of the Company's products. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations.
About Artificial Intelligence Technology Solutions (AITX)
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, RAD-M and RAD-G 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. To learn more, visit http://www.aitx.ai, http://stevereinharz.com, http://www.radsecurity.com,http://radgroup.ai, and http://www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
###
Steve Reinharz
949-636-7060
@SteveReinharz
Outstanding Shares 5,278,415,892 12/02/2022
$AITX NEWS! AITX and RAD to Host Investor Open House and Technology Reveal; Event Will Showcase Solutions from AITX Subsidiaries RAD, RAD-M and RAD-G | Detroit, Michigan, December 5, 2022 https://aitx.ai/aitx-and-rad-to-host-investor-open-house-and-technology-reveal/
Good Morning AITX'ers
thanks for sharing Alexulf
Yearly pay, consulting fees, bonuses.
It’s criminal what he takes from this so called company.
And that people still love him.
If you were making as much money as he is, wouldn't you look content also? Should he make as much as he does for a company this size? I own lots of shares, but I don't like what he is getting paid.
a new one buddy... notice how Steve is looking like... very content!
Guess we will have the next run-up this month
Patience is starting to reward us guys; Steve’s AITX Weekend Update – December 4, 2022
All the best to you my friend 02opida - some entertainment on the weekend;
This OTC stock @AITX-RAD is expected to pop to $1 per share or more! | best OTC Stock to buy today;
weekly updates come & thanks Alexulf
It iz what it iz…. Sucks!!! We just gotta play this until we can break even or walk away with a small profit. Been holding this bag for + 20 months now….. it’s not gonna do what we all thought it was gonna do…FACT!
Stockton mf, stockton...! Diaz brothers and so much more, thanks for sharing Yes, year by year the evolution of ai and robotics gain increasing momentum.
AITX is well positioned - the last run was a good example of that, BIG money is following this penny stock closely.
Check out the customer base and the connections - the sales have just started.IMO.
2023 here we come. Loading up/re-fill time again an option while we wait for the next wave.
GLTA and have a nice weekend out there.
OS number in context.
08/24/2018 Reverse 1:100
03/27/2020 Reverse 1:10000
AS increase expected early 2022 - Assume Unlimited
Mid April. 400k. ( following 10000:1 RS was 4 billion)
Mid May. 2.3 Million
Mid June 17.2 Million
Mid July 152 million (Restated 196 Million)
Mid August 446 million
End September 843 Million
October 1.504 Billion
November 1.889 Billion
December 2.326 Billion
Dilution stopped following a deal with the toxic dilutors
Feb 2021 OS has continued to rise, and is now 2.9 billion
Mar 2021 3.229 Billion
Apr 2021 3.545 Billion
May / June No Change
July 2021 3.853 Billion
Aug 2021 3.967 Billion
Sep 2021 4.03 Billion
Oct 2021 4.33 Billion
Nov 2021 4.38 Billion
Dec 2021 4.43 Billion
Jan 2022 4.63 Billion
Feb 2022 4.73 Billion
March 2022 - No Change
April 2022 4.83 Billion
May 2022 4.86 Billion
June 2022 4.94 Billion
July 2022 4.99 Billion ( AS of 5 Billion increased to 6 Billion)
Aug 2022 5.06 Billion
Sep 2022 5.08 Billion
Oct 2022 5.15 Billion
Nov 2022 5.27 Billion
Since Dilution was claimed to have stopped in December 2020 another 2.7 Billion shares added to the OS
More Toxic debt taken on in September 2021.
What exactly happens after the Open House??
No Imaginary Pennies today....
Good morning lovers, 300% within a month; see chart - https://www.barchart.com/stocks/quotes/AITX/interactive-chart
Can it happen again? Yes
Will it? High probability
Can it be even more? Yes
Will it? High Probability
All IMO and no investment advice.
The pullback was expected, but now it seems to consolidate.
Given the MASSIVE volume last time, it will be interesting to follow.
Last January we came up to 0289 - starting from 0150 about a 100% gain.
I reckon an accumulation pressure has built up - 300% within a month will be the old record.
Time will tell - though I was right the last time is no guarantee for the next
GLTA and have a nice weekend.
Good morning $AITX! On alert for more news and updates
My pleasure 02opida - AITX Latest News And Updates Sum Up.
https://aitx.ai/
I've been loading up and getting ready for next week. I'm glad it's still cheap. Gonna make some killer money pretty soon ??
AITX Investor Open House and RAD Technology Reveal
December 7 @ 2:00 pm - 4:00 pm
6 Dealers = How many Customer Sales??
$AITX Six New Dealers Signed by AITX’s Subsidiary Robotic Assistance Devices
https://lnkd.in/gxd-TXCc
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Moderators Huggy Bear Alexulf |
Steve Reinharz, founder of AITX came upon the concept of ‘Autonomous Remote Services (ARS)’ as the logical, certainly not natural, next phase in industrial evolution.
ARS represents a wholesale business transformation of the security and other industries presently bound with personnel. It’s a pure, 4th Industrial Revolution application of how we should be thinking about the best ways to deliver security, facility, concierge, and health screening services by engineering solutions from the ground up.
AITX’s wholly owned subsidiaries have created the new Autonomous Remote Services industry using custom designed robotics and artificial intelligence-based technology. These solutions empower organizations to improve efficiencies in high frequency workflow tasks, deploy needed technology in areas previously impossible, solve complex challenges, and do it all at costs significantly lower than legacy solutions.
“…the EQ philosophy extends to clients, investors, and other stakeholders. Technology solutions created by an EQ-empowered workforce will be thoughtful, performance-driven, deliver honestly against expectations, and deliver value based on merit – just like the team that developed it. “
“By creating a corporate culture driven by EQ strategy, you can feel confident that RAD’s tremendous team has all the direction, structure, support, and focus necessary to deliver on our mission. “
© 2022 All Rights Reserved, Artificial Intelligence Technology Solutions Inc.
As of September 27, 2023 • 9:31 AM ET
As of September 27, 2023 • 9:31 AM ET
03/23/2023 08:53 AM EDT | SeekingAlpha | AITX's Subsidiary Robotic Assistance Devices nabs GPO contract |
02/27/2023 08:58 AM EST | SeekingAlpha | AITX subsidiary Robotic Assistance Devices nabs 300+ device orders |
02/13/2023 05:54 AM EST | Invezz | 2 reasons why the AITX stock price has surged in 2023 |
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