Core Insights - AITX's subsidiary RAD has transitioned from a pilot program to paid contracts with a major U.S. healthcare provider, marking a significant step in expanding its presence in the healthcare sector [1][4] - The healthcare sector is identified as a long-term growth platform for RAD, driven by increasing demand for autonomous security solutions [3][4] - RAD's technology is designed to provide substantial cost savings, estimated between 35%-80%, compared to traditional manned security services [5] Company Developments - The initial pilot involved three RIO™ 360 units at two hospital locations, which will start generating revenue as of November 1, 2025 [1] - RAD's solutions are increasingly being adopted in complex healthcare environments due to staffing challenges and safety concerns [3] - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong future growth potential [8] Technology and Solutions - RAD's RIO 360 units are equipped with dual ROSA™ units, which provide advanced security features such as human and vehicle detection, license plate recognition, and two-way communication [4] - The technology aims to enhance safety and operational efficiency in various environments, including healthcare, by allowing existing personnel to focus on more strategic tasks [9] - RAD has published case studies demonstrating the effectiveness of its solutions in reducing incidents of theft and loitering across various sectors [4]

Core Insights - The company has received initial orders for RIO Mini units from a Fortune 500 manufacturer, marking the beginning of a significant opportunity for expansion in North America [1][2] - The deployment of RIO units is expected to lead to a potential order of up to 200 units across various models, indicating strong growth prospects [1][2] - The company aims to replace traditional security methods with its AI-driven solutions, which can provide cost savings of 35%-80% compared to conventional manned security [3][4] Company Overview - Artificial Intelligence Technology Solutions, Inc. (AITX) is a leader in AI-driven security solutions, with its subsidiary Robotic Assistance Devices, Inc. (RAD) focusing on innovative, cost-effective security services [3][5] - The company has a strong leadership team with extensive experience in security services and technology, enhancing its capability to deliver effective solutions [5] - AITX's solutions are designed for various sectors, including government, healthcare, and critical infrastructure, aiming to streamline operations and improve ROI [7] Market Position - The security and guarding services industry is valued at nearly $50 billion in the U.S., presenting a substantial market opportunity for AITX's innovative solutions [3] - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating a robust potential for recurring revenue as these clients may place multiple orders over time [6] - The successful completion of a SOC 2 Type 2 audit reinforces the company's credibility and compliance with data protection standards, which is crucial for attracting enterprise and government clients [4]

Core Insights - AITX's CEO Steve Reinharz presented at the OTC Markets Virtual Investor Conference, highlighting the company's financial strength, AI innovations, and long-term growth strategy [1][5] - The company emphasizes transparent communication with shareholders and maintains an active investor engagement program [3][4] Financial Performance - AITX is redefining the $50 billion security and guarding services industry through its AI-driven Solutions-as-a-Service model, offering cost savings of 35%-80% compared to traditional manned security [6] - The company has successfully completed its SOC 2 Type 2 audit, validating its internal controls for handling customer data, which enhances its credibility with enterprise and government clients [7] Technology Leadership - AITX's robotic solutions are designed to complement or replace human personnel in security environments, improving operational efficiency and reducing costs [6][10] - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for recurring revenue generation [9] Management Expertise - The leadership team, including Steve Reinharz and other industry veterans, brings extensive experience in security services, law enforcement, and robotics innovation [8] - The combined expertise of the team reinforces AITX's ability to deliver effective and disruptive solutions to its clients [8]

Core Insights - AITX and the Taylor Police Department have launched a community safety pilot program using RADCam Enterprise to evaluate AI-driven crime deterrence and real-time incident response [1][3][7] - The initiative aims to reduce nuisance crimes, improve situational awareness, and support law enforcement with timely information [3][8] - RADCam Enterprise is powered by the SARA platform, which enables real-time communication and alerts to law enforcement [4][5][6] Company Overview - AITX, through its subsidiary RAD, is innovating in the $50 billion security and guarding services industry with AI-driven solutions [8] - The company's solutions can provide cost savings of 35%-80% compared to traditional manned security services [8] - AITX's technology is designed to enhance operational efficiency and situational awareness while reducing costs for various sectors including government and healthcare [13] Technology and Implementation - RADCam Enterprise features autonomous capabilities that allow it to monitor properties, issue warnings, and alert police when necessary [6][7] - The pilot program will initially involve ten businesses, with plans to expand to one hundred as data is collected [3][8] - The system integrates with existing video management systems and is designed to proactively address security challenges [7] Leadership and Expertise - AITX is led by Steve Reinharz, who has extensive experience in the security services industry [10] - The leadership team includes professionals with backgrounds in law enforcement and security innovation, enhancing the company's ability to deliver effective solutions [10] Market Potential - RAD has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating strong market interest [11] - The company anticipates converting existing sales opportunities into recurring revenue streams [12]

Core Insights - OSI Systems (NASDAQ: OSIS) is experiencing continued momentum, primarily driven by its security business, growing backlog, and increasing recurring revenue streams [1] Group 1: Company Performance - OSI Systems has seen continued gains in its share price since the beginning of the year, indicating positive market sentiment and performance outlook [1] Group 2: Business Strategy - The company is focusing on enhancing its security business, which is a key driver of its growth and profitability [1] - There is a notable increase in the company's backlog, suggesting strong future demand for its products and services [1] Group 3: Revenue Streams - OSI Systems is benefiting from growing recurring revenue streams, which provide a stable and predictable income source [1]

Core Viewpoint - AITX's subsidiary RAD has appointed Property Security Services PSS Ltd. (Propertysec) as the Master Distributor for the UK, marking a significant step in RAD's international expansion strategy and enhancing its global footprint in AI-powered security solutions [2][4][5]. Company Overview - AITX, through RAD, is innovating within the nearly $50 billion US security and guarding services industry by offering AI-driven Solutions-as-a-Service, which can provide cost savings of 35%-80% compared to traditional manned security models [9]. - RAD's technology suite includes various AI-powered solutions such as ROSA™, RIO™, ROAMEO™, RADCam™ Enterprise, and SARA™, aimed at modernizing security practices and enhancing safety [2][4]. Strategic Partnerships - The partnership with Propertysec is expected to leverage their expertise in securing vacant and high-risk properties, aligning with RAD's mission to redefine physical security through intelligent automation [2][6]. - This appointment follows RAD's earlier announcement of Technon Cyber as the Master Distributor for Latin America, indicating a broader strategy for global growth [4]. Market Positioning - Propertysec, founded by industry veteran Justin Quigley, is recognized for its innovative approaches to property protection and crime prevention, making it a suitable partner for RAD in the UK market [6][8]. - The collaboration aims to introduce advanced technologies that not only monitor but also actively respond to security threats, addressing the evolving needs of the UK market [8]. Leadership and Expertise - AITX and RAD are led by experienced professionals, including CEO/CTO Steve Reinharz, who has extensive experience in the security services industry, and a team with backgrounds in law enforcement and robotics innovation [12][14]. - The combined expertise of RAD and Propertysec is expected to deliver significant results for clients while enhancing RAD's presence in a mature security market [8][12].

Not for distribution to U.S. news wire services or for dissemination in the United States Toronto, Ontario, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Avante Corp. (TSX.V: XX) (“Avante” or the “Company”) is pleased to announce that the Company’s five nominees set forth in the Company’s management information circular dated September 15, 2025 (the “Circular”), being Daniel Argiros, Wade Burton, Robert Klopot, Emmanuel Mounouchos and Bruce Bronfman, were all elected as directors of the Company at the annual general an ...

Verisure reported a data breach to the Swedish police after information connected to one of its Swedish subsidiaries was accessed by an unauthorized party, just over a week after the firm listed its shares on the Stockholm stock exchange in a blockbuster IPO https://t.co/iy2Q7irj1B ...

Core Insights - The company, Artificial Intelligence Technology Solutions, Inc. (AITX), through its subsidiary Robotic Assistance Devices, Inc. (RAD), has achieved one of the strongest single-day order intakes in its history, indicating robust demand for its AI-driven security solutions [1][4]. Company Performance - On October 16, 2025, RAD received orders for 23 hardware units and 17 software licenses from diverse clients in construction, banking, healthcare, and logistics sectors, showcasing the broad applicability of its products [3][4]. - The recent surge in orders follows a series of strong sales months, with record-setting quarters and rapid adoption of RIO Mini units in the construction industry [4][5]. Market Position - AITX is positioned to redefine the nearly $50 billion security and guarding services industry with its innovative Solutions-as-a-Service business model, offering cost savings of 35%-80% compared to traditional manned security [5][6]. - The company has a prospective sales pipeline that includes over 35 Fortune 500 companies, indicating significant growth potential as it converts sales opportunities into recurring revenue streams [8][9]. Leadership and Expertise - The leadership team, including CEO Steve Reinharz, brings extensive experience in the security services industry, enhancing the company's credibility and operational effectiveness [7][9]. - The successful completion of a SOC 2 Type 2 audit validates the company's internal controls for handling customer data, reinforcing its appeal to enterprise and government clients [6][9].

Core Viewpoint - Avante Corp. is addressing allegations made by dissident shareholder George Christopoulos, asserting that his claims are misleading and aimed at advancing a narrow agenda at the expense of the broader shareholder base [2][3][5]. Group 1: Response to Dissident Claims - The Board of Avante rejects the dissident's narrative as misleading and incomplete, emphasizing their commitment to sound governance and long-term value creation [3][6]. - Avante's management and Board did not receive the dissident's shareholder proposals in a timely manner, which were submitted after the statutory deadline [5]. - The Board is composed predominantly of independent directors dedicated to representing all shareholders' interests [3][6]. Group 2: Corporate Governance and Strategy - Avante emphasizes that compensation matters are determined in accordance with legal requirements and good corporate governance principles, with transparency in disclosures [3][6]. - The Corporation is focused on executing its strategic plan, operational improvements, and initiatives for sustainable growth [4][7]. - Shareholders are encouraged to review Avante's continuous disclosure record for accurate information regarding governance and strategic priorities [7]. Group 3: Upcoming Shareholder Meeting - Avante is holding its annual general and special meeting of shareholders on October 21, 2025, encouraging participation [8].