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AITX's RAD Launches Logistics Market Solution With ROAMEO
GlobeNewswire News Room· 2025-08-25 12:40
Core Insights - The company is expanding its focus on the logistics sector due to strong client feedback on its security solutions, particularly ROAMEO™ Gen 4 and SARA™ [1][2] - The logistics industry is characterized by a constant demand for efficiency and security, presenting significant growth opportunities for the company [2][3] - The company has already deployed its solutions at approximately 75 sites, significantly reducing guarding expenses for logistics operators [3][5] Company Initiatives - A refreshed Logistics Solution brochure has been issued to support the new initiative, highlighting the complete range of logistics solutions [2][4] - The company aims to deliver unmatched value to logistics providers by addressing persistent security and operational challenges [2][4] - The autonomous ecosystem of the company offers continuous monitoring and measurable cost savings, targeting high-value cargo protection and access control [2][4] Market Potential - The logistics industry is a large market, with the company positioned to capture significant share through its innovative solutions [1][5] - The company is redefining the nearly $50 billion security and guarding services industry with its AI-driven Solutions-as-a-Service model [5] - Cost savings of 35%-80% can be achieved compared to traditional manned security services, enhancing the appeal of the company's offerings [5] Client Engagement - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong future business potential [7] - Existing clients have shown substantial expansion potential, particularly within the logistics sector [3][7] - The company encourages logistics providers to explore its solutions for immediate savings and long-term value [5] Technology and Innovation - The company's robotic solutions, such as AVA™, RIO™, ROAMEO, and ROSA™, provide layered protection while maintaining operational efficiency [4][8] - All technologies are developed in-house, ensuring a comprehensive and integrated approach to security and monitoring [5][8] - The solutions are applicable across various industries, including government, transportation, and healthcare, enhancing their market versatility [8]
AITX Highlights AI-Driven Software Development Efficiencies and Near-Term ROAMEO Deployments
Newsfile· 2025-08-18 12:40
Core Insights - The company highlights significant operational efficiencies in software development due to AI programming tools, which have transformed its coding processes and are expected to continue improving over the next 6 to 12 months [4][5]. - AITX is advancing its ROAMEO autonomous mobile security vehicles towards initial client deployments, transitioning production to Detroit to enhance manufacturing capacity [4][5]. - The company is also progressing its SARA AI platform and developing the RIO solution, positioning itself as a leader in AI-driven autonomous security [6]. Software Development Efficiencies - AI programming tools have drastically changed the company's software development operations, allowing for the production of higher quality code with fewer personnel [4]. - The expectation is that all code will be managed by AI software within the next year, enabling self-improvement and feature additions [4]. Product Deployment and Market Position - AITX's RAD ROAMEO™ vehicles are nearing initial deployments, which are anticipated to generate publicity and enhance the company's profile [5]. - The company aims to establish itself as a key player in the AI-driven security market, focusing on ROAMEO and SARA as primary initiatives [5]. Financial Impact and Market Potential - AITX's solutions are designed to provide cost savings of 35%-80% compared to traditional manned security services, addressing a nearly $50 billion security services industry [7]. - The company has a sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue through client deployments [9]. Compliance and Credibility - The company's operations have been validated through a successful SOC 2 Type 2 audit, enhancing its credibility with enterprise and government clients [8].
AITX's RAD Publishes Case Study Detailing SARA's Agentic AI-Powered Transformation of Dealer's Operations
Newsfile· 2025-08-12 12:40
Core Insights - The article highlights the successful deployment of RAD's SARA™ platform at OneWatch, which significantly improved operational efficiency by reducing false alarms by 85% and tripling response speed [3][4][5]. Company Overview - Artificial Intelligence Technology Solutions, Inc. (AITX) and its subsidiary Robotic Assistance Devices, Inc. (RAD) are focused on transforming the security and guarding services industry, which is valued at nearly $50 billion [10]. - RAD's solutions are designed to provide cost savings of 35%-80% compared to traditional manned security services, utilizing AI-driven technology to enhance operational efficiency [10]. Technology Impact - The SARA platform automates remote video monitoring, allowing OneWatch to address staffing challenges and operator fatigue while maintaining service quality without increasing headcount [3][4]. - SARA's autonomous capabilities enable it to detect, verify, and respond to incidents, which has transformed the security monitoring approach at OneWatch [4][5]. Operational Efficiency - The deployment of SARA has shifted OneWatch's operations from continuous human surveillance to AI-supported exception management, improving operator morale and reducing burnout [5][7]. - Specific incidents highlighted in the case study demonstrate SARA's effectiveness in real-time incident management, such as deterring theft and enabling timely interventions [6]. Market Position - The success of SARA at OneWatch indicates a broader trend in the monitoring industry towards integrating AI technologies, allowing organizations to scale operations without solely relying on human resources [7]. - RAD aims to replicate the success of SARA across its network of nearly 100 authorized dealers and GSOC operators, enhancing service delivery and operational efficiency on a larger scale [8]. Future Prospects - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for future growth and recurring revenue generation [12].
AITX Extinguishes Almost $5 Million of Debt, Targets FY Q2 Profit
GlobeNewswire News Room· 2025-08-11 12:40
Strategic Debt Settlement Bolsters Balance Sheet; Company on Track to Report Net Profitability for Q2 FY 2026 Detroit, Michigan, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the "Company") (OTCID:AITX), a global leader in AI-driven security and productivity solutions, today announced its outlook on its financial results for the second quarter of its fiscal year 2026, which ends on August 31, 2025, specifically, the Company expects to report net profitability for the ...
AITX's RAD Launches 50-Unit ROAMEO Gen 4 Production to Meet Surging Demand
Newsfile· 2025-07-31 12:40
Core Viewpoint - The company, Artificial Intelligence Technology Solutions, Inc. (AITX), is experiencing increased demand for its ROAMEO Gen 4 autonomous mobile security patrol vehicle, leading to a significant expansion in production and deployment plans [1][4][6]. Group 1: Production and Deployment - The subsidiary Robotic Assistance Devices, Inc. (RAD) is increasing its first production run from 10 units to 50 units of ROAMEO Gen 4 in anticipation of heightened demand [1]. - The company is now preparing for up to 100 deployments over the next 12 months, a significant increase from the initial forecast of 20 deployments for the fiscal year ending February 28, 2026 [1][4]. - The production run of 50 units is expected to generate an annual recurring revenue (ARR) of $3 million to $4 million [3]. Group 2: Market Demand and Strategy - The momentum for ROAMEO is attributed to a nationwide demonstration campaign that has engaged enterprise clients and public safety leaders, resulting in accelerated sales discussions and new deployment commitments [4][6]. - RAD is positioned to expand its share in the rapidly evolving physical security market, with a prospective sales pipeline that includes over 35 Fortune 500 companies [7][11]. Group 3: Product Features and Benefits - ROAMEO Gen 4 is designed for autonomous patrols in outdoor environments, featuring AI-powered threat detection, real-time engagement, and obstacle avoidance capabilities [6]. - The device is engineered to replace high-cost human security duties, providing uninterrupted coverage and faster response times, which can lead to significant cost savings for businesses [6][9]. Group 4: Company Overview - AITX is redefining the nearly $50 billion security and guarding services industry with its innovative, AI-driven Solutions-as-a-Service business model, offering cost savings of 35% to 80% compared to traditional manned security [9]. - The company has successfully completed its SOC 2 Type 2 audit, enhancing its credibility with enterprise and government clients [10].
AITX and RAD Claim Firearm Detection AI Could Have Altered NYC Shooting Outcome
Newsfile· 2025-07-30 12:40
Core Viewpoint - The AI-powered firearm detection system developed by Artificial Intelligence Technology Solutions, Inc. (AITX) and its subsidiary Robotic Assistance Devices, Inc. (RAD) could have potentially altered the outcome of a recent shooting incident in New York City by identifying the armed suspect before he entered the building [1][4][5]. Company Overview - AITX, through RAD, is innovating the nearly $50 billion security and guarding services industry with AI-driven Solutions-as-a-Service, offering cost savings of 35%-80% compared to traditional manned security [7]. - RAD's technology includes stationary and mobile robotic solutions that can complement or replace human personnel in various environments [7][10]. Technology and Impact - The AI system processed surveillance footage and flagged the presence of a long gun with high confidence before the suspect reached the building's entrance, demonstrating the potential for real-time firearm detection to prompt faster responses [4][5]. - If RAD's technology had been deployed, it could have triggered deterrent actions such as flashing lights and audible alerts, and sent automated alerts to security and law enforcement, potentially saving lives [5][6]. Market Potential - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong future business opportunities and the potential for recurring revenue streams [9]. - The company is prepared to provide demonstrations and technical briefings to stakeholders interested in understanding and implementing firearm detection AI technology [6][9]. Compliance and Credibility - AITX's operations have been validated through a successful SOC 2 Type 2 audit, enhancing its credibility with enterprise and government clients who require strict data protection and security compliance [8].
AITX Restructures Millions in Debt, Targets FY Q2 Profit
Globenewswire· 2025-06-17 12:40
Core Viewpoint - The company has successfully restructured and settled over $4.5 million in debt for less than 10% of the amount owed, leading to a significant one-time accounting gain that positions it for net profitability in Q2 FY 2026 [1][2]. Financial Performance - The restructuring is expected to deliver a one-time gain for the current quarter, contributing to anticipated net profit for Q2 2026, which began on June 1, 2025 [1][2]. - The management emphasizes that sustainable profitability will rely on ongoing revenue growth and operational improvements, beyond the temporary accounting benefit [2][3]. Business Model and Market Position - The company, through its subsidiary Robotic Assistance Devices, Inc. (RAD), is innovating within the $50 billion security and guarding services industry with AI-driven Solutions-as-a-Service [5]. - RAD's solutions can provide cost savings of 35%-80% compared to traditional manned security services, utilizing both stationary and mobile robotic technologies [5]. Client Base and Growth Potential - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue as existing sales opportunities convert into deployed clients [7]. - Each Fortune 500 client has the potential for multiple reorders, enhancing the company's revenue stability [7]. Operational Credibility - The company's operations and internal controls have been validated through a successful SOC 2 Type 2 audit, reinforcing its credibility with enterprise and government clients [6].
AITX's RAD Secures Major National Dealer, Wins Logistics Giant with Multiple RIO Mini Order
Globenewswire· 2025-06-09 12:40
Core Viewpoint - The announcement of a new national authorized dealer for Artificial Intelligence Technology Solutions, Inc. (AITX) and its subsidiary Robotic Assistance Devices, Inc. (RAD) signifies a strategic expansion into the logistics sector, driven by the demand for AI-powered security solutions [2][3]. Company Summary - AITX, through RAD, is focusing on the logistics market by partnering with a dealer that will introduce RAD's solutions to one of the largest logistics providers in the country [2][3]. - The RIO Mini units, which are solar-powered security trailers equipped with the SARA platform, are designed to provide real-time security monitoring and response, enhancing operational efficiency for logistics operators [4][5]. - The company is experiencing growth in revenues and anticipates a strong quarter, indicating a positive market reception for its AI-driven security solutions [5]. Industry Summary - The logistics sector is facing increasing incidents of theft and trespassing, making advanced security solutions a critical need [5]. - The RIO Mini offers a cost-effective security solution that can reduce traditional security costs by automating surveillance and response, thus protecting high-value assets [5][8]. - The security and guarding services industry is valued at nearly $50 billion, with RAD's solutions providing cost savings of 35%-80% compared to traditional manned security [8].
AITX Files FY 2025 10-K, Breaks Gross Profit and Revenue Records
Globenewswire· 2025-05-30 12:40
Core Insights - The company reported a significant increase in annual revenue and gross profit, indicating strong growth and operational improvements [1][2][4] Financial Performance - Total annual revenue for the fiscal year ended February 28, 2025, was $6,130,886, representing 275% growth compared to FY 2024 [2] - Gross profit for the same period was $3,744,564, an increase of $3,178,747 or 562% from the previous year's gross profit of $565,817 [2] Operational Improvements - The company successfully renegotiated loan maturities totaling $24.7 million, improving its current ratio from 0.17 to 0.66 and reducing current liabilities from $21.7 million to $7.6 million [3] - The recurring monthly revenue (RMR) run rate is expected to exceed $1 million, with potential growth to $2 million by the end of the fiscal year [4] Strategic Developments - The rollout of the fourth generation (Gen 4) platform across all core product lines was completed, enhancing performance and reducing deployment complexity [5] - The company aims to uplist to NASDAQ between 2027 and 2029, indicating long-term growth aspirations [4] Market Positioning - The company, through its subsidiary Robotic Assistance Devices, Inc. (RAD), is redefining the $50 billion security services industry with AI-driven solutions that offer cost savings of 35%-80% compared to traditional manned security [9][10] - RAD has a prospective sales pipeline of over 35 Fortune 500 companies, indicating strong market demand and potential for recurring revenue [12] Product Development - The company has developed a complete suite of market-ready solutions for enterprise, commercial, and residential security needs, contributing to gross profit improvement [6] - The proprietary agentic AI, SARA™, is central to the company's recurring revenue growth plans [5] Compliance and Credibility - The company's operations and internal controls have been validated through a successful SOC 2 Type 2 audit, enhancing credibility with enterprise and government clients [11]
AITX Releases Comprehensive Company Profile, Solidifying Solutions Leadership
Globenewswire· 2025-05-27 12:40
Core Insights - The article highlights AITX's comprehensive Company Profile, showcasing its rapid growth, product innovations, and strategic plans for a NASDAQ uplisting between 2027 and 2029 [1][3][4] Company Overview - AITX is a leader in AI-driven security and productivity solutions, with a focus on delivering innovative solutions that replace traditional security services [1][4] - The Company Profile includes an overview of AITX's business model, its AI-driven security solutions, leadership team, and recent milestones [3] Product and Market Strategy - AITX's proprietary AI platform, SARA™, powers a range of autonomous devices across various sectors including logistics, healthcare, education, retail, residential, and municipal markets [4] - The Company aims to provide cost savings of 35%-80% compared to traditional manned security services through its Solutions-as-a-Service model [6] Financial Goals and Growth Trajectory - AITX is targeting positive operational cash flow and aims to achieve $1 million per month in recurring revenue [5] - The Company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue generation [8] Operational Validation - AITX has successfully completed its SOC 2 Type 2 audit, enhancing its credibility with enterprise and government clients [7] Industry Context - The security and guarding services industry is valued at nearly $50 billion, and AITX is positioned to redefine this market with its innovative AI solutions [6]