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Sentinel Holdings Announces Acquisition of OPSEC Specialized Protection
Accessnewswire· 2025-09-22 06:15
Core Insights - Sentinel Holdings has entered into an asset purchase agreement for OPSEC Specialized Protection, a prominent security solutions provider in Southern California [1] - This acquisition will enable Sentinel Holdings to secure a significant contract with one of California's largest fast-food chains, along with various service contracts with municipal entities in the region [1]
AITX's RAD Hits the Road to Highlight Agentic AI SARA and ROAMEO at Fall Security Conferences
Newsfile· 2025-09-18 12:40
Core Viewpoint - AITX and its subsidiary RAD are showcasing their agentic AI and mobile robotics solutions at major security conferences, emphasizing the transformative potential of these technologies in the security industry [1][3][5]. Company Developments - AITX is experiencing a surge in order activity and has reported record order intake, indicating strong demand for its AI-powered solutions [3][5]. - The company is expanding its portfolio with innovations like SARA, RADCam Enterprise, and ROAMEO, which are designed to modernize security and monitoring operations [3][5][8]. - RAD's participation in conferences is focused on thought leadership rather than traditional trade show booths, allowing for cost-effective engagement with industry leaders [6]. Industry Context - The security and guarding services industry is valued at nearly $50 billion, with AITX's solutions offering cost savings of 35%-80% compared to traditional manned security [8]. - The integration of agentic AI and robotics is seen as a critical advancement for improving operational efficiency and reducing costs in the security sector [6][7]. Leadership and Expertise - The leadership team at AITX and RAD includes experienced professionals from the security and robotics sectors, enhancing the company's credibility and innovation capabilities [10]. - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating significant growth potential [11][12]. Technological Advancements - AITX's solutions are designed to enhance safety and security through the integration of AI into robotic devices, providing organizations with reliable and efficient security options [7][8]. - The company aims to drive the adoption of mobile robotics, particularly through the ROAMEO platform, to deliver immediate value to clients [8].
AITX's RAD-I Receives 1000 Unit RADCam Enterprise Quote Request Within Hours of Product Launch
Newsfile· 2025-09-16 12:40
AITX's RAD-I Receives 1000 Unit RADCam Enterprise Quote Request Within Hours of Product LaunchRADCam Enterprise Seen as a Disruptive Alternative to Traditional, Expensive Cameras with Limited FeaturesSeptember 16, 2025 8:40 AM EDT | Source: Artificial Intelligence Technology Solutions, Inc.Detroit, Michigan--(Newsfile Corp. - September 16, 2025) - Artificial Intelligence Technology Solutions, Inc. (OTCID: AITX) (the "Company"), a global leader in AI-driven security and productivity solutions, ...
AITX's RAD-I Introduces RADCam Enterprise, the First Talking Camera Plus Seamless Compatibility with Industry Leading Video Management System (VMS) Platforms
Globenewswire· 2025-09-15 12:40
Core Viewpoint - The launch of RADCam™ Enterprise marks a significant advancement in AI-driven security solutions, expanding the company's market reach and enhancing its product offerings for enterprise and SMB markets [1][2][7]. Group 1: Product Features and Capabilities - RADCam Enterprise is a proactive video security platform that integrates an intelligent talking camera, enabling immediate communication to deter potential threats before human intervention is needed [3][6]. - The device includes a speaker, microphone, and high-intensity lighting, allowing for live or automated messages and two-way communication, enhancing situational awareness [3][6]. - It is compatible with leading Video Management Systems (VMS) and operates on RADSoC™ and RADMobile™ platforms, broadening its market applicability [4][6]. Group 2: Market Strategy and Financial Aspects - The solution is priced below industry standards, aiming to reduce traditional security costs by 35%-80% compared to manned security services [5][8]. - The commercial availability of RADCam Enterprise is expected to create meaningful recurring revenue opportunities and strengthen the company's position in the AI-driven security market [7][12]. Group 3: Company Background and Leadership - Artificial Intelligence Technology Solutions, Inc. (AITX) and its subsidiary RAD are focused on redefining the $50 billion security services industry through innovative AI-driven solutions [8][9]. - The leadership team, including CEO Steve Reinharz and President Mark Folmer, brings extensive experience in security services and technology, enhancing the company's credibility and operational effectiveness [11][12]. Group 4: Sales Pipeline and Client Opportunities - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for future business growth and recurring revenue generation [12]. - The company is actively converting existing sales opportunities into deployed clients, which is expected to lead to numerous reorders over time [12].
AITX’s RAD-I Introduces RADCam Enterprise, the First Talking Camera Plus Seamless Compatibility with Industry Leading Video Management System (VMS) Platforms
Globenewswire· 2025-09-15 12:40
RADCam Enterprise Combines Video with Intelligent Speaking Agentic AI for Systems Integrators and Enterprise Camera Systems Detroit, Michigan, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCID:AITX), a global leader in AI-driven security and productivity solutions, along with its subsidiary, Robotic Assistance Devices, Inc. (RAD-I), today announced the commercial availability of RADCam™ Enterprise, a proactive video security platform now compatible ...
Ouster Announces Strategic Partnership with Constellis to Bring Physical AI to Advanced Security Operations
Businesswire· 2025-09-15 10:00
Core Insights - Ouster, Inc. has announced a strategic partnership with Constellis to enhance security solutions by integrating Ouster's lidar technology with Constellis's AI-driven sensor fusion platform, LEXSO [1] Company Overview - Ouster, Inc. is recognized as a global leader in high-performance lidar sensors and intelligent software solutions, focusing on bringing Physical AI to various industries [1] - Constellis is a global provider of advanced security and mission support services, indicating a strong presence in the security sector [1] Partnership Details - The partnership aims to create a unified security solution that combines the strengths of both companies, leveraging Ouster's lidar technology and Constellis's AI capabilities [1]
Concorde International Group Acquires Assets of Software Risk, a Centralized Facilities Management Platform, Through ts Subsidiary
Globenewswire· 2025-09-12 13:00
Core Viewpoint - Concorde International Group Ltd. has announced the acquisition of Software Risk, a cloud-based SaaS platform for facilities management, enhancing its technology portfolio and capabilities in the sector [1][6]. Company Summary - Concorde International Group Ltd. is an integrated security services provider based in Singapore, recognized for its innovative solutions in security and facilities management since its establishment in 1997 [7]. - The company specializes in integrated monitoring of properties and assets, ensuring security and operational efficiency through its "I-Guarding Solutions" [7]. Acquisition Details - Concorde Singapore will acquire Software Risk assets for a total consideration of AUD 50,000 in cash, 100,000 restricted Class A Ordinary Shares, and a 10% revenue share from the platform's income in Australia for 12 months [2]. - The independent valuation of Software Risk was approximately $57.5 million, and the acquisition includes all platform assets but excludes hardware and unrelated trading activities [2]. Market Insights - The global facility management software market is projected to grow from approximately USD 3.8 billion in 2024 to USD 9.6 billion by 2033, driven by demand for integrated, IoT-enabled systems [3]. - The broader facilities management industry is expected to expand from USD 42 billion in 2024 to USD 92.9 billion by 2033, indicating significant growth potential [3]. Software Risk Platform Features - Software Risk provides a centralized system for managing various operations, including maintenance, security, visitor access, and incident reporting, enhancing efficiency and service standards [4]. - The platform is scalable and integrates with third-party software and hardware solutions, allowing for automation and real-time data tracking [4]. Strategic Integration - The acquisition will integrate Software Risk into Concorde's Mobile Surveillance and Response ecosystem, enhancing incident management and operational visibility across client sites [5]. - The CEO of Concorde emphasized that this acquisition strengthens the company's technology portfolio and opens new revenue opportunities while improving productivity and reducing costs for clients [6].
AITX Extends No Reverse Split Commitment Through 2026
Newsfile· 2025-09-04 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].
AITX's RAD Breaks 100 Channel Partner Mark, Driving Growth Across Verticals
Newsfile· 2025-08-28 12:40
Core Insights - AITX's subsidiary, Robotic Assistance Devices, Inc. (RAD), has surpassed 100 signed channel partners, indicating strong market confidence and growth potential in the security and safety sectors [1][3][4] Company Growth and Strategy - The increase in channel partners to 103 reflects both new dealers and independent representatives, showcasing RAD's expanding reach and deepening relationships with existing partners [3][6] - The company has reported significant sales and revenue growth, with a focus on recurring monthly revenue and strong dealer engagement [3][5] Product Demand and Recognition - RAD's solutions, particularly the SARA™ AI platform and ROAMEO™ autonomous mobile security robot, are gaining traction, supported by recent awards and increased partner interest [5][6] - The ROAMEO Road Trip initiative has enhanced visibility and engagement among dealers and clients, further driving enthusiasm for RAD's offerings [5][6] Market Position and Cost Savings - AITX is positioned to redefine the nearly $50 billion security and guarding services industry with its AI-driven Solutions-as-a-Service model, offering cost savings of 35%-80% compared to traditional manned security [7][10] - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue generation [9] Operational Credibility - The successful completion of a SOC 2 Type 2 audit reinforces the company's credibility with enterprise and government clients, ensuring compliance with strict data protection and security standards [8]
AVANTE ANNOUNCES RESULTS FOR THE FIRST FISCAL QUARTER HIGHLIGHTING 25% IMPROVEMENT IN RECURRING MONTHLY REVENUE
Globenewswire· 2025-08-26 21:01
Core Insights - Avante Corp. reported solid growth in the first quarter of fiscal 2026, with an 11% year-over-year increase in revenue and a 25% rise in recurring monthly revenue [2][4] - The NSSG division experienced a remarkable 126% increase in revenue, attributed to improved sales processes and operational alignment [2][4] - The company maintains a positive outlook for fiscal 2026, focusing on disciplined growth and expanding its base of recurring revenues [4][7] Financial Performance - For the first quarter ended June 30, 2025, Avante achieved revenue of $8.75 million, an increase of $0.83 million from $7.91 million in the prior year [5] - The gross profit from continuing operations rose by $0.31 million, with gross profit margins stable at 38% [5] - Adjusted EBITDA from continuing operations was reported at $0.36 million, consistent with the previous year's first quarter [5][8] Recurring Monthly Revenue - The recurring monthly revenue (RMR) for the first quarter of fiscal 2026 was $4.06 million, reflecting a 25% increase compared to the same period last year [5][8] - This growth in RMR was driven by an increase in monitoring customers and the introduction of new recurring revenue services [5] Net Income and Cash Flow - Avante recorded a net income of $11 thousand for the first quarter of fiscal 2026, a significant improvement from a net loss of $128 thousand in the prior year [6] - The company achieved positive operating cash flow and remains bank-debt free, holding $4.7 million in cash and $12 million in available credit facilities [2][6] Strategic Focus - The company is committed to leveraging its next-generation technology platforms, including WALL-E and Avante Verified, to drive growth and meet the demand for advanced safety and security solutions [2][4] - Management is focused on creating efficiencies to reduce operating costs through the implementation of a new ERP system [2][4]