AITX's RAD Closes October with Strong Sales and Expanding Market Presence

Core Insights - AITX's RAD has experienced strong sales activity in the first two months of Q3 FY2026, securing numerous device orders and software license agreements, indicating a robust market presence and demand for AI-driven security solutions [1][3][5] Sales and Market Activity - RAD has contracted orders for 64 devices, including eight proof-of-concept deployments, and 46 software licenses for products like SARA, RADGuard™, and Firearm Detection [3] - The company has expanded its dealer network by adding six new authorized dealers and two independent channel partners, enhancing its market reach [3][5] Financial Performance and Growth - The company is positioned for a strong finish to the quarter, with expectations of recurring monthly revenue growth and operational cash flow positivity [5][6] - RAD's solutions offer cost savings of 35%-80% compared to traditional manned security services, appealing to a wide range of businesses [6] Leadership and Expertise - The company is led by experienced professionals in the security industry, including CEO Steve Reinharz, who emphasizes the importance of RAD's technology in the current market [5][8] - The leadership team includes individuals with backgrounds in law enforcement and security industry innovation, reinforcing the company's credibility and capability [8] Future Prospects - RAD has a prospective sales pipeline involving over 35 Fortune 500 companies, indicating significant potential for future business growth [9] - The company is actively pursuing new technologies and partnerships to further expand its market impact [6][9]