Singapore , Sept. 12, 2025 (GLOBE NEWSWIRE) -- Concorde International Group Ltd. (NASDAQ: CIGL) (“Concorde” or the “Company”), an integrated security services provider that combines physical manpower and innovative technology to deliver effective security solutions, today announced that its wholly owned subsidiary, Concorde International Group Pte. Ltd. (“Concorde Singapore”), has entered into a Software Purchase Agreement to acquire the assets of Software Risk, a cloud-based software-as-a-service (“SaaS”) ...

Detroit, Michigan--(Newsfile Corp. - September 4, 2025) - Artificial Intelligence Technology Solutions, Inc. (OTCID: AITX) (the Company), a global leader in AI-driven security and productivity solutions, is pleased to announce the extension of its commitment to refrain from executing any reverse stock split through the end of calendar year 2026, with certain exceptions as outlined below. This marks the fifth consecutive extension of the Company's no reverse split declaration.AITX CEO, CTO and founder Steve ...

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]

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]

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, driven by strong performance across all divisions, particularly NSSG, which saw a remarkable 126% revenue increase [2][4][5] - The company achieved positive operating cash flow, Adjusted EBITDA of $0.36 million, and net income of $11 thousand, marking a significant turnaround from a net loss of $128 thousand in the same quarter of the previous year [6][4][5] - Avante's balance sheet remains robust, with $4.7 million in cash and no bank debt, providing flexibility for growth initiatives [2][4] Financial Performance - Revenue for the first quarter of fiscal 2026 was $8.75 million, an increase of $0.83 million from $7.91 million in the prior year [5] - Gross profit from continuing operations rose by $0.31 million, maintaining a stable gross profit margin of 38% [5][8] - Recurring monthly revenues reached $4.06 million, reflecting a 25% increase compared to the previous fiscal year [5][8] Strategic Outlook - Management maintains a positive outlook for fiscal 2026, focusing on disciplined growth and expanding recurring revenues through innovative, tech-enabled security solutions [2][4][7] - The company is committed to leveraging its NSSG footprint to enhance international revenues and ramping up its WALL-E business with new customer acquisitions [10]

Core Insights - AITX's subsidiary RAD has secured a significant contract with a major logistics provider to deploy its comprehensive portfolio of security solutions, including ROAMEO and SARA, across multiple locations [1][5][6] Group 1: Deployment and Impact - The logistics client will implement RAD's TOM™ system at most sites, supplemented by ROAMEO™, RAD's mobile security patrol robot, and SARA™, an AI-powered monitoring platform [1][3] - This deployment is expected to generate substantial annual recurring revenue for RAD as it expands over the next 12 months [5][6] - The integration of RAD's solutions is anticipated to reduce security costs by up to 80% compared to traditional manned security services [4][6] Group 2: Industry Context and Solutions - The security and guarding services industry is valued at nearly $50 billion, and RAD's innovative solutions aim to redefine this market through a Solutions-as-a-Service model [6] - RAD's technology is designed to provide cost savings of 35%-80% compared to existing manned security models, enhancing operational efficiency [6][9] - The company has a sales pipeline that includes over 35 Fortune 500 companies, indicating strong potential for future growth and recurring revenue [8][9] Group 3: Technological Integration - RAD's ecosystem includes stationary ROSA™ units for fixed oversight, portable solar-powered RIO™ towers for perimeter coverage, and AVA™ for managing vehicle and personnel entry [3][4] - SARA™ ensures coordinated communication among devices, enhancing monitoring capabilities and operational continuity [4][5] - The successful completion of SOC 2 Type 2 audit reinforces RAD's credibility with enterprise and government clients, ensuring compliance with data protection standards [7]

Group 1 - The bullish thesis on Allot Ltd. has strengthened following its Q2 2025 results, indicating a successful transformation to Security as a Service (SECaaS) [1] - The company's performance reflects a significant shift in its business model towards providing security solutions [1]

Core Viewpoint - The op-ed by AITX's CEO Steve Reinharz emphasizes that the real threat is not artificial intelligence itself, but the failure to adapt and act in the face of its rapid advancement [1][7]. Company Insights - 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 [8]. - RAD's solutions can provide cost savings of 35%-80% compared to traditional manned security services, utilizing both stationary and mobile robotic technologies [8]. - The company has successfully completed its SOC 2 Type 2 audit, enhancing its credibility with enterprise and government clients who prioritize data protection and security compliance [9]. - 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 [10]. Industry Context - A recent Reuters/Ipsos poll indicated that 71% of Americans fear AI will lead to permanent job displacement, highlighting public concerns about the technology's impact [3]. - Reinharz argues that the success in the evolving landscape will belong to those who quickly adapt and leverage AI to enhance human capabilities rather than replace them [4][6].

Company Overview - Avante Corp Inc. is a Toronto-based provider of technology-enabled security solutions for residential and commercial clients, focusing on delivering high-level security services globally [3] - The company aims to establish a broad portfolio of security businesses through organic growth and strategic acquisitions, addressing the security risks of its clients with specialized solutions [3] Upcoming Investor Webinar - Avante will host an investor webinar on August 27, 2025, at 11:00 am ET (8:00 am PT) to provide a corporate update and discuss fiscal first quarter results [1][2] - The webinar will be led by Emmanuel Mounouchos, CEO, and Raj Kapoor, CFO of Avante [1] Contact Information - For inquiries, Avante provides contact details for Emmanuel Mounouchos and Pardeep Sangha, with phone numbers and email addresses listed for investor relations [4]

Group 1 - Avante Corp Inc. will host an investor webinar on August 27, 2025, to provide a corporate update and discuss fiscal first quarter results [1][2] - The webinar will be led by Emmanuel Mounouchos, CEO, and Raj Kapoor, CFO of Avante [1] - The company aims to deliver advanced security solutions globally, focusing on high-net-worth families and corporations [3] Group 2 - Avante Corp is a Toronto-based provider of technology-enabled security solutions for residential and commercial clients [3] - The company has developed a diversified security platform leveraging advanced technology to enhance service quality [3] - Avante is pursuing organic growth and strategic acquisitions to build a broad portfolio of security businesses [3]