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AITX's RAD Unveils RADSight 2.0 as the Next Evolution of Its Video Management Platform
TMX Newsfile· 2026-01-26 13:40
Core Viewpoint - The company, Artificial Intelligence Technology Solutions, Inc. (AITX), is launching RADSight™ 2.0, an advanced video management system that enhances the capabilities of its Gen 4 autonomous security devices and supports third-party ONVIF compliant cameras, with a rollout expected to begin in February 2026 [1][6]. Product Development - RADSight 2.0 features a new software core that improves response times, efficiency, and is designed for future scalability compared to its predecessor, RADSight 1.0 [1][4]. - The new system leverages NVIDIA technology for advanced analytics and real-time decision-making directly on the device, significantly reducing power consumption by over 50% compared to previous configurations [3][4]. Technological Advancements - The platform is optimized for the Amazon Web Services (AWS) environment, allowing for efficient coordination and oversight while maintaining local processing capabilities [3][5]. - RADSight 2.0 enables the SARA™ (Speaking Autonomous Responsive Agent) AI platform to operate at the edge, allowing for faster and more reliable responses in environments with limited connectivity [5][7]. Market Positioning - The introduction of RADSight 2.0 positions the company to scale its autonomous security offerings and improve operational efficiency, aligning with the growing market demand for intelligent, software-driven security solutions [7][8]. - AITX aims to redefine the $50 billion security and guarding services industry by providing cost savings of 35%-80% compared to traditional manned security models [8]. Company Background - AITX, through its subsidiary RAD, has a strong leadership team with extensive experience in the security services industry, enhancing its credibility and capability to deliver innovative solutions [10]. - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue generation [11].
TG-17(OBAI) - Prospectus(update)
2026-01-23 18:56
As filed with the Securities and Exchange Commission on January 23, 2026. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Registration No. 333-290750 Washington, D.C. 20549 FORM S-1 Amendment No. 5 REGISTRATION STATEMENT Under The Securities Act of 1933 TG-17, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) Nevada 4899 83-1751618 85 Broa ...
AITX’s RAD Deploying Ten RIO Mini Units at Major Midwest Construction Site
Globenewswire· 2026-01-23 13:40
Core Insights - The company is deploying ten RIO Mini solar-powered autonomous security trailers at a large construction project in the Midwest, generating recurring monthly revenue through subscription and software licensing [1][2] - This deployment follows a previous announcement of a sixteen-unit RIO Mini deployment, indicating a trend of multi-unit orders in the construction sector [2][3] - The Chief Security Officer of RAD emphasized that construction clients are increasingly standardizing on autonomous security solutions, highlighting the need for visibility and rapid response on large job sites [3] Company Overview - Artificial Intelligence Technology Solutions, Inc. (AITX) is a leader in AI-driven security solutions, aiming to redefine the $50 billion security services industry with its innovative Solutions-as-a-Service model [4] - The company's subsidiary, Robotic Assistance Devices, Inc. (RAD), offers cost savings of 35%-80% compared to traditional manned security services through its robotic solutions [4] - AITX's technology enhances operational efficiency and situational awareness while significantly reducing costs for various industries, including government, transportation, and healthcare [8] Operational Validation - The company has successfully completed a SOC 2 Type 2 audit, validating its internal controls for handling customer data and enhancing its credibility with enterprise and government clients [5] - RAD's leadership team includes experienced professionals from the security services industry, reinforcing its capability to deliver effective solutions [6] Sales Pipeline - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for future business growth and recurring revenue generation [7]
AITX’s RAD to Exhibit and Present at ISC West 2026
Globenewswire· 2026-01-21 13:40
Core Insights - The company, Artificial Intelligence Technology Solutions, Inc. (AITX), is set to showcase its autonomous security platforms at ISC West 2026, highlighting its leadership in AI-driven security solutions [1][2]. Group 1: Company Overview - AITX, through its subsidiary Robotic Assistance Devices, Inc. (RAD), is redefining the $50 billion security and guarding services industry with innovative AI-driven solutions [6]. - RAD's solutions can provide cost savings of 35%-80% compared to traditional manned security models, enhancing operational efficiency [6]. - The company has successfully completed a SOC 2 Type 2 audit, validating its internal controls for customer data protection, which is crucial for enterprise and government clients [7]. Group 2: Product and Technology - RAD will present a range of autonomous security solutions at ISC West, including ROAMEO Gen 4, RIO™ Mini, and the SARA AI platform, designed for real-time security event management [2][4]. - SARA, the company's proprietary AI platform, has received accolades, including the Judges' Choice Award at the SIA New Product Showcase, underscoring its significance in RAD's security ecosystem [2]. Group 3: Market Demand and Strategy - There is an increasing demand for security solutions that operate faster than traditional guard-based models, with organizations seeking systems that can respond immediately and reduce reliance on human intervention [4]. - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue as it converts sales opportunities into deployed clients [9]. Group 4: Leadership and Expertise - The company is led by Steve Reinharz, who has extensive experience in the security services industry and is actively involved in industry associations [8]. - The RAD team includes professionals with backgrounds in security leadership, law enforcement, and robotics innovation, enhancing the company's capability to deliver effective solutions [8].
AITX's RAD to Exhibit and Present at ISC West 2026
Globenewswire· 2026-01-21 13:40
Core Insights - The company, Artificial Intelligence Technology Solutions, Inc. (AITX), is set to showcase its autonomous security platforms at ISC West 2026, highlighting its leadership in AI-driven security solutions [1][2] - The proprietary AI platform, SARA™, has gained recognition for its effectiveness, winning multiple awards and serving as the intelligence engine for RAD's security ecosystem [2][4] Company Overview - AITX, through its subsidiary Robotic Assistance Devices, Inc. (RAD), is transforming the $50 billion security services industry with innovative AI-driven solutions designed to reduce costs by 35%-80% compared to traditional manned security [6] - The company’s solutions include a range of autonomous security products that operate continuously and respond immediately, minimizing reliance on human intervention [4][6] Product and Technology - RAD will present a lineup of autonomous security solutions at ISC West, including ROAMEO™ Gen 4, RIO™ Mini, ROSA™, AVA™, TOM™, RADCam™ Enterprise, and RAM™, all powered by the SARA™ platform [2][5] - SARA™ is designed to process various data types and support autonomous actions, enhancing security operations through real-time response capabilities [13] Market Demand and Positioning - There is a growing demand for faster security solutions across enterprise, government, and commercial sectors, positioning RAD at the forefront of this industry shift [4] - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue as it converts sales opportunities into deployed clients [9] Leadership and Expertise - AITX is led by experienced professionals, including CEO Steve Reinharz, who has extensive background in the security services industry and is actively involved in industry associations [8] - The leadership team’s diverse expertise in security, law enforcement, and robotics innovation enhances the company's ability to deliver effective solutions [8]
Unaudited consolidated interim accounts for the fourth quarter and twelve months of 2025
Globenewswire· 2026-01-16 14:30
Core Insights - The Group's consolidated unaudited sales revenue for Q4 2025 was 239.2 million euros, a decrease of 6.8% year-on-year, while total sales for 2025 amounted to 919.6 million euros, down 2.6% from 2024 [1][2] - Profit before tax for Q4 2025 was 8.3 million euros, a decline of 37.1% compared to the previous year, with a total profit before tax for 2025 of 24.3 million euros, down 31.4% year-on-year [1][2] Sales Performance - Supermarkets segment sales in Q4 2025 were 157.0 million euros, down 4.3% year-on-year, while total sales for 2025 were 611.9 million euros, increasing by 0.3% [1][5] - Department stores reported Q4 sales of 32.2 million euros, a decrease of 3.0%, with total sales for 2025 at 103.0 million euros, down 1.1% [1][10] - The car segment saw Q4 sales of 41.8 million euros, an 18.5% decline, with total sales for 2025 at 176.9 million euros, down 11.9% [1][13] - The security segment's Q4 sales revenue was 6.4 million euros, up 6.8%, while total sales for 2025 were 20.1 million euros, down 8.1% [1][17] - Real estate segment sales in Q4 were 1.9 million euros, a decrease of 12.5%, with total sales for 2025 at 7.7 million euros, an increase of 5.1% [1][19] Profitability Analysis - The Group achieved profits in all business segments in Q4 2025, with notable profit growth in department stores and security segments [2] - The car segment's profit before tax for Q4 was 0.9 million euros, down 59.2% year-on-year, with a total profit before tax for 2025 of 5.7 million euros, down 48.5% [1][13] - The security segment recorded a profit before tax of 0.2 million euros in Q4, an improvement compared to the previous year, but a loss of 0.04 million euros for 2025 [1][17] Market Conditions - The Estonian car market experienced a significant decline, with total car sales down 48.6% for the year and 62.4% in Q4, impacting the Group's car segment [2][14] - The Group's other retail segments also faced slight declines in sales revenue due to the challenging economic environment and decreased consumer purchasing power [2][6] Strategic Developments - The Group completed the new multi-brand car showroom in Vilnius, enhancing growth potential in the Lithuanian market and the Baltic States [3][14] - Renovations and upgrades were made in the Selver supermarkets and department stores segments, including the launch of a new e-commerce platform scheduled for Q1 2026 [4][10] Operational Efficiency - Effective cost control and internal efficiency measures helped the Group maintain profitability despite declining sales volumes [2] - Labour costs increased by 0.4% in Q4, while the average number of employees decreased by 2.3%, indicating a focus on operational efficiency [2]
SU Group Holdings Reports Fiscal Year 2025 Financial Results
Prnewswire· 2026-01-16 12:40
Core Viewpoint - SU Group Holdings Limited reported a 5.6% year-over-year revenue growth for the fiscal year ended September 30, 2025, driven by strong demand for security-related engineering services and expansion in guarding and screening operations [1][2]. Financial Performance - Revenues increased by HK$10.2 million, or 5.6%, from HK$182.2 million in fiscal year 2024 to HK$192.4 million (US$24.7 million) in fiscal year 2025, primarily due to increased revenues from security-related engineering services (HK$4.9 million) and security guarding and screening services (HK$5.3 million) [4]. - Cost of revenues rose by HK$27.1 million, or 20.1%, from HK$134.6 million in fiscal year 2024 to HK$161.6 million (US$20.8 million) in fiscal year 2025, mainly due to increased employee benefit expenses [5][6]. - Gross profit decreased by HK$16.9 million, or 35.4%, from HK$47.6 million in fiscal year 2024 to HK$30.7 million (US$4.0 million) in fiscal year 2025, with gross profit margin dropping from 26.1% to 16.0% [7]. - Selling, general, and administrative expenses increased by HK$12.7 million, or 35.2%, from HK$36.0 million in fiscal year 2024 to HK$48.7 million (US$6.2 million) in fiscal year 2025, attributed to increased promotional activities and employee benefit expenses [9]. - The company reported a net loss of HK$18.5 million (US$2.4 million) for fiscal year 2025, compared to a net income of HK$10.7 million in fiscal year 2024, resulting in a net loss margin of 9.6% [13]. Operational Insights - The company continues to invest in talent, technology, and market penetration to support long-term growth and leadership in the security-related engineering services sector [2]. - The company maintains a strong working capital position with cash and cash equivalents of HK$25.4 million (US$3.3 million) and working capital of approximately HK$62.1 million (US$8.0 million) as of September 30, 2025 [14]. Service Offerings - SU Group provides a range of security-related engineering services, including installation and maintenance of security systems, equipment rental, and security guarding and screening services [3][15].
AITX Files Q3 FY 2026 10-Q Highlighting Stronger Financial Execution
Globenewswire· 2026-01-15 13:40
Core Insights - The company reported a 34% year-over-year revenue growth, reaching approximately $5.75 million for the first nine months of fiscal 2026, with gross profit increasing by 36% to nearly $3.9 million, indicating improved revenue quality and operational execution [1][3][6]. Financial Highlights - Revenue Growth: The company achieved a revenue of approximately $5.75 million for the first nine months of fiscal 2026, marking a 34% increase compared to the same period last year [3]. - Gross Profit Growth: Gross profit rose by 36% to nearly $3.9 million, outpacing revenue growth and reflecting better revenue quality and cost discipline [3]. - Operating Cash Flow: Cash used in operating activities improved by approximately $1.4 million year over year, demonstrating tighter operational controls and improved execution [4]. - Debt Reduction: The company reduced total debt by approximately $5.0 million, lowering outstanding debt from about $32.8 million to $27.8 million [5]. Operational and Strategic Updates - The company undertook targeted actions to refine spending priorities and streamline operations, contributing to improved gross profit performance and reduced working capital requirements [7][8]. - Management's focus on disciplined execution and financial control is evident in the operational improvements reflected in the Q3 financial results [6]. Outlook - The company expects to maintain positive operational momentum through the remainder of fiscal year 2026, with a focus on expanding its installed base, improving production and deployment efficiency, and strengthening the balance sheet [9]. - Management aims to achieve operational positive cash flow around May 2026 while maintaining a disciplined approach to growth and cost control [9]. About the Company - The company, through its subsidiary Robotic Assistance Devices, Inc. (RAD), is innovating in the $50 billion security and guarding services industry with AI-driven solutions that provide significant cost savings [11]. - The company has a prospective sales pipeline of over 35 Fortune 500 companies, indicating strong potential for future business growth [14]. - The company’s operations have been validated through a successful SOC 2 Type 2 audit, enhancing its credibility with enterprise and government clients [12].
AITX Files Q3 FY 2026 10-Q Highlighting Stronger Financial Execution
Globenewswire· 2026-01-15 13:40
Core Insights - The company reported a 34% year-over-year revenue growth, reaching approximately $5.75 million for the first nine months of fiscal 2026, with gross profit increasing by 36% to nearly $3.9 million, indicating improved revenue quality and operational execution [1][3][6]. Financial Highlights - **Revenue Growth**: Revenue for the first nine months of fiscal 2026 was approximately $5.75 million, a 34% increase compared to the same period last year [3]. - **Gross Profit Growth**: Gross profit increased by 36% to nearly $3.9 million, outpacing revenue growth and reflecting better revenue quality and cost discipline [3]. - **Operating Cash Flow**: Cash used in operating activities improved by approximately $1.4 million year over year, indicating tighter operational controls [4]. - **Inventory Efficiency**: Inventory turnover increased to 1.38 times from 0.71 times in the prior year, showing faster product movement and efficient working capital management [4]. - **Debt Reduction**: The company reduced total debt by approximately $5.0 million, lowering outstanding debt from about $32.8 million to $27.8 million [5]. Operational and Strategic Updates - The company undertook targeted actions to refine spending priorities and streamline operations, contributing to improved gross profit performance and reduced working capital requirements [7][8]. - Management's focus on disciplined execution and financial control is evident in the operational improvements reflected in the Q3 financial results [6]. Outlook - The company expects to maintain positive operational momentum through the remainder of fiscal year 2026, focusing on expanding its installed base and improving production and deployment efficiency [9]. - Management aims to achieve operational positive cash flow around May 2026 while maintaining a disciplined approach to growth and cost control [9]. About the Company - Artificial Intelligence Technology Solutions, Inc. (AITX) is a leader in AI-driven security and productivity solutions, aiming to redefine the $50 billion security and guarding services industry with innovative solutions that provide significant cost savings [11]. - The company’s primary subsidiary, Robotic Assistance Devices, Inc. (RAD), offers a suite of robotic solutions designed to complement or replace human personnel in security roles, achieving cost savings of 35%-80% compared to traditional manned security [11]. Additional Information - The company has a prospective sales pipeline of over 35 Fortune 500 companies, indicating strong potential for future business growth [14]. - AITX's operations have been validated through a successful SOC 2 Type 2 audit, enhancing its credibility with enterprise and government clients [12].
Artificial Intelligence Technology Solutions, Inc. ($AITX) to File Q3 FY 2026 10-Q Today
Globenewswire· 2026-01-14 13:40
Core Viewpoint - The company, Artificial Intelligence Technology Solutions, Inc. (AITX), is advancing its transparency efforts by filing its Quarterly Report a day earlier than planned and following it with a CEO interview to provide context on its performance and strategic direction [1][2][3]. Group 1: Quarterly Report and CEO Interview - AITX will file its Quarterly Report on Form 10-Q for Q3 of fiscal year 2026 on January 14, 2026, ahead of the previously scheduled date [1]. - The company will release a video interview with CEO Steve Reinharz shortly after the filing, aimed at discussing the quarterly performance and addressing shareholder concerns [2][3]. - The interview is intended to enhance understanding of the company's results, management decisions, and future priorities, reinforcing a commitment to transparency [3]. Group 2: Business Model and Market Position - AITX, through its subsidiary Robotic Assistance Devices, Inc. (RAD), is innovating within the $50 billion security and guarding services industry by offering AI-driven Solutions-as-a-Service [5]. - RAD's solutions can provide cost savings of 35%-80% compared to traditional manned security services, utilizing robotic technologies to enhance operational efficiency [5]. - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for future revenue generation [8][9]. Group 3: Operational Credibility and Leadership - AITX's operations have been validated through a successful SOC 2 Type 2 audit, enhancing its credibility with enterprise and government clients who require stringent data protection [6]. - The leadership team, including CEO Steve Reinharz and other industry veterans, brings extensive experience in security services and technology innovation, positioning the company for success [7].