Home > Boards > US OTC > Electronics and components >

Artificial Intelligence Technology Solutions Inc. (AITX)

AITX RSS Feed
Add AITX Price Alert      Hide Sticky   Hide Intro
Moderator: fromtheuk, k9narc, Builder, Huggy Bear, jedijazz
Search This Board: 
Last Post: 5/28/2022 11:18:27 PM - Followers: 591 - 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
********************************************************************************************************************************************************************************************************************
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.”

AITX
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
AITX News: Early Tuesday Gains After Major Announcement 05/17/2022 07:35:00 AM
AITX News: AITX's subsidiary receives multiple ROSA order 04/07/2022 05:33:07 AM
AITX News: Artificial Intelligence Technology Solutions subsidiary signs new dealers, receives new orders 03/25/2022 05:11:39 AM
AITX News: Artificial Intelligence Technology Solutions bags ROSA order signs Premier Protective Security as the new dealer 03/14/2022 05:21:33 AM
AITX News: Artificial Intelligence Technology Solutions' subsidiary orders 1K ROSA Enclosures 02/28/2022 05:57:33 AM
PostSubject
#55900  Sticky Note $AITX Subsidiary Robotic Assistance Devices, Inc. (RAD) has jedijazz 05/25/22 09:23:19 AM
#55458  Sticky Note OS number in context. fromtheuk 04/29/22 06:49:26 PM
#50657  Sticky Note I would have to have some AITX Artificial Huggy Bear 10/21/20 09:17:58 PM
#49435  Sticky Note This board is for discussing AITX. k9narc 06/24/20 02:25:11 PM
#55993   IT SAYS 3.7 million dollars to Steve. Builder 05/28/22 11:18:27 PM
#55992   Wow that was the worst K ever and Builder 05/28/22 11:16:09 PM
#55991   Big sales in the future too AITX 02opida 05/28/22 02:38:11 PM
#55990   double 2 + coming soon here 02opida 05/28/22 02:37:43 PM
#55989   afternoon AITX'ers 02opida 05/28/22 02:37:23 PM
#55988   from the K ~ Holders of Common Stock 02opida 05/28/22 02:26:17 PM
#55987   Explanation of K-filing from the company - Alexulf 05/28/22 12:52:25 PM
#55986   Hi guys, all AITXers, the K-filing is out Alexulf 05/28/22 11:25:44 AM
#55985   PAST-DUE: DewmBoom time to hold CEO-Steve-Reinharz ACCOUNTABLE Milesblue42 05/28/22 09:36:42 AM
#55984   Are Steve Reinharz's Companies eligible for Federal contracts? Milesblue42 05/28/22 09:26:02 AM
#55983   DewnBoom, how much was CEO Steve Reinharz's Compensation? Milesblue42 05/28/22 09:14:43 AM
#55982   DewmBoom, your AITX arguments are Not working now Milesblue42 05/28/22 09:04:20 AM
#55981   Even the NRA should love to fund Steve DewmBoom 05/28/22 09:01:38 AM
#55980   False information. His salary is $240,000 with non-cash DewmBoom 05/28/22 08:57:34 AM
#55979   sent letters out on Gun D to 02opida 05/28/22 08:53:13 AM
#55978   DewmBoom, please provide PROOF the Technology...works Milesblue42 05/28/22 08:48:53 AM
#55977   Your problem with Steve seems to be personal. DewmBoom 05/28/22 08:47:45 AM
#55976   Isn’t it better than wasting the money overseas? DewmBoom 05/28/22 08:44:07 AM
#55975   No way is anyone giving a penny stock Builder 05/28/22 08:18:24 AM
#55974   Steve’s AITX Weekend Update – May 28, 2022 Alexulf 05/28/22 07:17:21 AM
#55973   Still in the GREEN And Momentum Continued Yesterday - Alexulf 05/28/22 05:34:34 AM
#55972   I hope you would agree with me that DewmBoom 05/27/22 10:54:48 PM
#55971   Were AITX Investor's 'expects'-'anticipates'-these Results?? Milesblue42 05/27/22 06:55:44 PM
#55970   OXYMORON? CEO-Steve-Reinharz Salary-$2,048,850? vs Revenue-$1,447,109?? Milesblue42 05/27/22 06:48:07 PM
#55969   Loses from operations is 11 million dollars more Builder 05/27/22 06:22:00 PM
#55968   What a POS Steve! Builder 05/27/22 06:11:19 PM
#55967   Steve paid himself 3.7 million and they only Builder 05/27/22 06:10:50 PM
#55966   Device rental and sales 1.4 million dollars. Builder 05/27/22 06:09:27 PM
#55965   14 million a year in operating expenses. Builder 05/27/22 06:06:02 PM
#55964   DewmBoom. You still happy with AITX? Builder 05/27/22 06:03:15 PM
#55963   Wow. 62 million in net losses. 10 Builder 05/27/22 05:59:59 PM
#55962   02opida, why are .02+ Buyers unable to Sell? Milesblue42 05/27/22 05:23:26 PM
#55961   next week will Higher AITX'ers 02opida 05/27/22 01:52:04 PM
#55960   WRITE your congressmen GUN D News 02opida 05/27/22 01:51:36 PM
#55959   Load up today AITX 02opida 05/27/22 01:50:27 PM
#55958   Street will pickup latest Gun Detection NEWS 02opida 05/27/22 12:19:31 PM
#55957   Is CEO Steve-Reinharz Afraid to buy AITX-Retail-Shares? Milesblue42 05/27/22 10:59:43 AM
#55956   .02 + coming soon 02opida 05/27/22 10:59:14 AM
#55955   Friday Green :) 02opida 05/27/22 10:58:49 AM
#55954   AITX Press Release Out: AITX's Subsidiary Robotic Assistance 02opida 05/27/22 08:49:44 AM
#55953   AITX's Subsidiary Robotic Assistance Devices to Include Gun 02opida 05/27/22 08:37:46 AM
#55952   morning AITX'ERS 02opida 05/27/22 08:35:07 AM
#55951   hot topic in NEWS now AITX 02opida 05/27/22 08:33:52 AM
#55950   THANKS for Sharing Alexulf 02opida 05/27/22 08:33:09 AM
#55949   3 days ago a NEW Video REVIEW About Alexulf 05/27/22 08:32:47 AM
#55948   Why do you think all this promotion exists? To Huggy Bear 05/27/22 08:17:28 AM
#55947   $AITX's Subsidiary Robotic Assistance Devices to Include Gun budfoxfun 05/27/22 08:05:24 AM
#55946   OS up again. fromtheuk 05/27/22 07:58:53 AM
#55945   ' Why only in America ?' Can AITX Alexulf 05/27/22 04:39:44 AM
#55944   one day left in May AITX 02opida 05/26/22 05:24:22 PM
PostSubject
Consent Preferences