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Created: 06/29/2011 12:53:35 AM - Followers: 588 - Board type: Free - Posts Today: 0
$AITX DEBT RESTRUCTED - FORTUNE 500 CLIENT ORDERS
 



https://twitter.com/SteveReinharz/status/1339378810869796865?s=20
https://twitter.com/SteveReinharz/status/1341038999243087874?s=20
https://twitter.com/SteveReinharz/status/1339238717832171520?s=20
https://twitter.com/SteveReinharz/status/1338941113395113984?s=20
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NEWS
Robotic Assistance Devices Announces Dealer Agreement with Civitas Group
HENDERSON, Nev.--(BUSINESS WIRE)-- Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) today 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.





“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.”

“The European market has been on our expansion roadmap and we’re thrilled to partner with the leaders and innovators at Civitas,” said Steve Reinharz, President and CEO of RAD. “Over time Europe should be an important contributor to RAD’s financial success.”

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.

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, and other risks. 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 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. To learn more, visit www.roboticassistancedevices.com or follow us on Twitter @RADbotsecurity.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20201217005222r1&sid=acqr8&distro=nx&lang=en
View source version on businesswire.com: https://www.businesswire.com/news/home/20201217005222/en/

Investor Relations Contact
The Waypoint Refinery, LLC
(845) 397-2956
www.thewaypointrefinery.com

Steve Reinharz
949-636-7060

Source: Artificial Intelligence Technology Solutions, Inc.

            © Copyright Business Wire 2020

Artificial Intelligence Technology Solutions Restructures Convertible Debt
HENDERSON, Nev.--(BUSINESS WIRE)-- Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) is thrilled to announce that it has restructured the vast majority of its debt, which has saved the company a tremendous amount of dilution. Specifically, AITX has restructured over 85% of its convertible debentures into non-convertible notes and warrants.

The remaining note holders have not made any conversions in over two years and the company does not anticipate any further conversions prior to restructuring the remaining balance of the debentures.

This announcement is the result of the extraordinary efforts and commitment by the entire RAD team in creating and building a company that we believe will be the breakthrough leader in an emerging multi-billion dollar industry, said Steve Reinharz, President and CEO of RAD and controlling shareholder of AITX. ”I thank all of our clients, investors, supporters and fans for their incredible support throughout this journey. Moving forward, you will see additional announcements regarding additional restructuring and additional financing. We are now in a much stronger position to fulfill our mission.”

RAD’s growth over the past several months has been remarkable, and we believe that this is merely the beginning of a steep growth curve,” said Mark Folmer, RAD’s VP Security & Industry. “We look forward to delivering years of consistently improving results.”

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.

The company has restructured a total of $7,141,110 of convertible debt into $7,141,110 of non-convertible promissory notes with a 36-month maturity and 12% annual compounded interest and 780M warrants with a 36-month maturity and $0.002 exercise price. The exercise price was calculated by taking the average closing price of the last ten trading days ended December 10 and adding an approximately 25% premium. Moving forward the company will seek debt and low dilutive types of financing as it continues to grow and reach it’s objectives.

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, and other risks. 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 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. To learn more, visit www.roboticassistancedevices.com or follow us on Twitter @RADbotsecurity.

https://cts.businesswire.com/ct/CT?id=bwnews&sty=20201215005671r1&sid=acqr8&distro=nx&lang=en
View source version on businesswire.com: https://www.businesswire.com/news/home/20201215005671/en/

Investor Relations Contact
The Waypoint Refinery, LLC
(845) 397-2956
www.thewaypointrefinery.com

Steve Reinharz
949-636-7060

Source: Artificial Intelligence Technology Solutions, Inc.

*******************************************************************************************************************************************************************************************************

Robotic Assistance Devices Large Opportunity on the Immediate Horizon
HENDERSON, Nev.--(BUSINESS WIRE)-- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that a major dealer of AITX’s wholly owned subsidiary Robotic Assistance Devices (RAD) has 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.

This order holds particular significance as it is an endorsement of RAD’s vision of a fully integrated facility using its autonomous security solutions,” said Steve Reinharz, President and CEO of RAD. “The order of five units spans three different RAD devices acting as a complete system and saving the facility hundreds of thousands of dollars versus legacy human-based solutions. If you’ve ever heard us talk about RADTown, well, this is what RADTown Logistics looks like.”

Details of the agreement were not disclosed, but the company confirmed that it was told that contracts would be received by the end of this year. Implementation will be Q1 2021. Reinharz added, “This opportunity has been in play nearly a year and a half and went through exhaustive legal and other agency review. We’re delighted that the PO is expected to be in RAD’s hands by year end.”

AVA™, Designed by RADand Powered by RAD•G
AVA™, Designed by RAD
 
Wally™, Designed by RADand Powered by RAD•G
Wally™, Designed by RAD
and Powered by RAD•G

 
RADPACK mini, Designed by RAD•G the Power Inside all RAD Devices
RADPACK mini, Designed by RAD•G
the Power Inside all RAD Devices

 
ROAMEO™, Designed by RAD•Mand Powered by RAD•G
ROAMEO™, Designed by RAD•M
and Powered by RAD•G

 
RADDOG™, Designed by RAD•Mand Powered by RAD•G
RADDOG™, Designed by RAD•M
and Powered by RAD•G
Delivery Vehicle, Designed by RAD•Mand Powered by RAD•G
Delivery Vehicle, Designed by RAD•M
and Powered by RAD•G
RAD Light My Way™, Designed by RADand Powered by RAD•G
RAD Light My Way™, Designed by RAD
and Powered by RAD•G
ROSA™, Designed by RADand Powered by RAD•G
ROSA™, Designed by RAD
and Powered by RAD•G
AVA™, Designed by RADand Powered by RAD•G
AVA™, Designed by RAD
and Powered by RAD•G
STAN™, Designed by RADand Powered by RAD•G
STAN™, Designed by RAD
and Powered by RAD•G
SCOT™, Designed by RADand Powered by RAD•G
SCOT™, Designed by RAD
and Powered by RAD•G
 
 

The AITX Wholly-Owned Subsidiaries

 
RAD designs, engineers, manufactures, delivers, and maintains stationary workflow automation solutions that significantly improve enterprise organizations operations while saving significant expense.
 
 
RAD•M designs, engineers, manufactures, delivers, and maintains mobile workflow automation solutions that significantly improve enterprise organizations operations while saving significant expense.
 
 
RAD•G is AITX’s newest wholly-owned subsidiary. It’s a software company that creates solutions inline with the Autonomous Remote Services manifesto. Further details will be released in the coming months.

AITX Is At the Forefront of The 4th Industrial Revolution

 

Recent Tweets and Updates from AITX CEO Steve Reinharz

“RAD is growing at an astounding pace, and that couldn’t happen without an A-list team of talent working together within a culture that empowers them to thrive. Attracting such employees, keeping them motivated and delivering to their full potential, and doing so without high churn-and-burn, requires a different approach to corporate growth and development. “

AS FEATURED ON

AITX Is At the Forefront of The 4th Industrial Revolution

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. “

 

AITX and its wholly owned subsidiaries deliver robotics and artificial intelligence-based hardware and software solutions that empower organizations to gain new insight, solve complex challenges, and fuel new business ideas at a reduced cost.

Follow AITX & Steve Reinharz

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© 2022 All Rights Reserved, Artificial Intelligence Technology Solutions Inc.

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Post Subject
#57367
$AITX #NEWS #seekingalpha AITX subsidiary-Robotic Assistance Devices (RAD) jedijazz 09/07/2022 05:40:26 PM
#57311
OS number in context. fromtheuk 08/31/2022 02:41:49 PM
#57259
NEWS: AITX 's Subsidiary Robotic Assistance Devices Receives Multiple jedijazz 08/25/2022 12:47:51 PM
#50657
I would have to have some AITX Artificial Huggy Bear 10/22/2020 01:17:58 AM
#49435
This board is for discussing AITX. k9narc 06/24/2020 06:25:11 PM
#57528
Weekly Update - September 24th Alexulf 09/24/2022 12:07:14 PM
#57527
Latest news a lawsuit by the SEC for starkd748 09/24/2022 11:41:09 AM
#57526
O boy the pumping pumptards are soon to starkd748 09/24/2022 11:39:05 AM
#57525
That would be my guess. But I haven't janice shell 09/23/2022 08:37:04 PM
#57524
I see this was for 27,295,891 shares. Builder 09/23/2022 08:31:52 PM
#57523
The SEC has sued the toxic funder the janice shell 09/23/2022 07:50:48 PM
#57522
Loading forward to teen subpennies then Trippppppy trippppps starkd748 09/23/2022 04:11:27 PM
#57521
It is sad that a year and half Builder 09/23/2022 03:15:23 PM
#57520
Looking forward to seeing more updates from $AITX BlazingStocks 09/23/2022 12:05:33 PM
#57519
SteveReinharz-you're-buying-Common-shares...right?? IMO you have Zero Milesblue42 09/23/2022 12:00:48 PM
#57518
More news please Does wonders for the Huggy Bear 09/23/2022 11:47:55 AM
#57517
LATEST NEWSZZZ...ANOTHER 52 WEEK LOW ... starkd748 09/23/2022 11:18:55 AM
#57516
Weeeeee Epic Fail...This is now subpennies starkd748 09/23/2022 10:04:53 AM
#57515
Latest Events And News! Alexulf 09/23/2022 09:56:05 AM
#57514
Who's ready for more 52 week lows starkd748 09/23/2022 08:34:47 AM
#57513
10B SHARES TOTAL bude 09/23/2022 07:24:41 AM
#57512
SteveReinharz-showing-Investors-his-BlockingScheme?? Today AITX closed below .01....... Milesblue42 09/22/2022 08:27:14 PM
#57510
yes. another mr fungal pumper. bunda 09/22/2022 04:46:35 PM
#57509
Time for Steve to hire a fresh batch Huggy Bear 09/22/2022 04:32:57 PM
#57508
I toldja subpennies starkd748 09/22/2022 03:40:45 PM
#57507
Epic Fail subpennies lol starkd748 09/22/2022 03:39:51 PM
#57506
$AITX #Nasdaq AITX’s Subsidiary Robotic Assistance Devices Concludes starkd748 09/22/2022 03:32:07 PM
#57505
Now penny broken, it should drop quite quickly. fromtheuk 09/22/2022 02:54:14 PM
#57504
100-Shares: Steve-Reinharz's vs Common-Shareholders Milesblue42 09/22/2022 01:43:27 PM
#57503
But Steve just Tweeted a video that they Builder 09/22/2022 01:05:05 PM
#57502
its hard to defend this company with all Daniel_777 09/22/2022 01:01:26 PM
#57501
Pre orders to load and continue to lose starkd748 09/22/2022 12:48:09 PM
#57500
BlazingStocks, if true-why-so-much-Dilution?? Milesblue42 09/22/2022 10:53:26 AM
#57499
Is Steve Reinharz averaging down...Today??? Milesblue42 09/22/2022 10:42:41 AM
#57498
$AITX has had many new orders in the BlazingStocks 09/22/2022 10:39:52 AM
#57497
Subpennies lmfao so quiet today starkd748 09/22/2022 10:34:45 AM
#57496
17,116,864-Shares-Steve-Reinharz-CONTACT-the-SecuritiesExchangeCommision Milesblue42 09/21/2022 05:21:55 PM
#57495
More-Pathetic-Steve-Reinharz-NOT--buying-AITX-Shares This iz TO Milesblue42 09/21/2022 02:29:14 PM
#57493
This iz TOTALLY PATHETIC urkidding1 09/21/2022 01:10:01 PM
#57492
Investors-Ask-Slapping-Steve-Slapped-their-ASKS??? AITX Investors continued slapping the A Milesblue42 09/21/2022 12:37:23 PM
#57491
It did meanwhile these pumping pumptards cheerleaders are starkd748 09/21/2022 11:38:55 AM
#57490
How's the Industry Leader's* L2 Looking?? Milesblue42 09/21/2022 11:34:38 AM
#57489
Naw subpennies bro...Pie face...lmfao starkd748 09/21/2022 11:24:42 AM
#57488
Gee how did I know subpennies starkd748 09/21/2022 11:23:28 AM
#57487
Excellent news today... Pr//Epic Fail news 9/21/22 This piece of starkd748 09/21/2022 11:23:04 AM
#57486
Great news subpennies today starkd748 09/21/2022 11:21:13 AM
#57485
Good news Subpennies... .000s next starkd748 09/21/2022 11:17:44 AM
#57484
Subpennies epic fail starkd748 09/21/2022 11:16:24 AM
#57483
Why are the OS shares only showing 5,089,862,666 today? Builder 09/21/2022 10:59:22 AM
#57482
Steve-Reinharz, how many Customer-Sales??? Milesblue42 09/21/2022 09:58:11 AM
#57481
Looking forward to hearing more from $AITX... RAD BlazingStocks 09/21/2022 09:56:30 AM
#57480
$AITX #Nasdaq AITX’s Subsidiary Robotic Assistance Devices Concludes jedijazz 09/21/2022 08:41:45 AM
#57479
Lol, in the future for sure. My guess fromtheuk 09/20/2022 02:52:41 PM
#57478
Did Steve-Reinharz-just-insult-AITX-Common-shareholders??? Milesblue42 09/20/2022 12:49:46 PM
#57477
Will CEO Steve Reinharz SACRIFICE his BONUS??? Milesblue42 09/20/2022 11:41:50 AM
Post Subject