Workflow
AITX Extends No Reverse Split Commitment Through 2026
Newsfileยท2025-09-04 12:40

Core Viewpoint - Artificial Intelligence Technology Solutions, Inc. (AITX) has extended its commitment to refrain from executing any reverse stock split through the end of calendar year 2026, marking the fifth consecutive extension of this declaration [1][3]. Company Overview - AITX is a leader in AI-driven security and productivity solutions, primarily through its subsidiary Robotic Assistance Devices, Inc. (RAD), which is redefining the nearly $50 billion security and guarding services industry with innovative Solutions-as-a-Service [4]. - RAD's solutions provide cost savings of 35%-80% compared to traditional manned security services, utilizing a suite of stationary and mobile robotic solutions [4]. Business Operations - The company has successfully completed its SOC 2 Type 2 audit, enhancing its credibility with enterprise and government clients who require strict data protection and security compliance [5]. - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue as existing sales opportunities are converted into deployed clients [6]. Technology and Market Application - AITX's technology improves the efficiency and economics of patrolling and guard services, allowing personnel to focus on more strategic tasks while augmenting existing staff capabilities [7][8]. - The solutions are applicable across multiple industries, including enterprises, government, transportation, critical infrastructure, education, and healthcare [8].