Artificial Intelligence Tech Solutions Inc (OTCMKTS: AITX) Move Northbound Brewing as Robotics AI Innovator Raises $3.5 Million and Reverses Off $0.006 Lows
Artificial Intelligence Tech Solutions Inc (OTCMKTS: AITX) is rocketing northbound after reversing off $0.006 lows up 48% on Friday alone closing just off the high of the day at $0.011 on about $850,000 in dollar volume. AITX was one of the biggest penny stock runners of 2021 skyrocketing from tiple zeroes to highs near $0.30 per share. Now that the stock is based at a fraction of its former value and seems to have formed a clear bottom and selling has dried up investors are accumulating. AITX is an exciting story developing in small caps, through its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), the Company is making moves in the $100 billion plus global security services market. AITX is an SEC filer and recently applied for up listing its shares to fully reporting OTCQB.
Robotic Assistance Devices, Inc. (RAD) continues to report big sales; recently the Company received multiple orders, totaling 33 units, to be delivered to four different clients. The product mix of the 33 security devices ordered since the last public announcement is 28 ROSAs and five TOMs. Earlier this month they received another order for 2 ROAMEO mobile security robots. RAD was also just named a winner of the 2022 AST ‘ASTORS’ Award for its breakthrough Firearm Detection AI analytic in the category of Best Metal/Weapons Detection Solution, and for RAD Light My Way in the category of Best Alert Notification System. An event attended by thousands of security industry, government, and public safety professionals New York City.
Artificial Intelligence Tech Solutions Inc (OTCMKTS: AITX) through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house. RAD has a sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time. RAD security robots include SCOT™, ROSA180™, Wally™, Wally HSO™, AVA™, or ROAMEO™, and consumer software tools including RAD Light My Way and the RAD Device Placement System.
Robotic Assistance Device’s (RAD’s) Light My Way™ offers property managers a new and better way to address nighttime security on their properties. A first of its kind, the solution puts the power of security in the hands of employees, tenants, and visitors through the combination of affordable, smart, interactive technology, a mobile app, and live remote monitoring and response services. The commercial real estate market has taken notice. RAD Light My Way recently won two Secure Campus 2022 Awards from Campus Security & Life Safety Magazine. In October 2021 RAD Light My Way along with RAD’s ROSA won CBRE’s 2021 Best Workplace Experience Solution Award.
Artificial Intelligence Tech Solutions mission is to apply Artificial Intelligence (AI) technology to solve enterprise problems categorized as expensive, repetitive, difficult to staff, and outside of the core competencies of the client organization. RAD’s first industry focus is the more than $100 billion global security services market. RAD’s current goal is to disrupt and capture a significant portion of both the human security guard market (over $30 billion) and “physical security” (video surveillance, access control, visitor management, etc.) market (over $20 billion) through its innovative RAD solution ecosystem. RAD’s current goal is to disrupt and capture a significant portion of both the human security guard market (over $30 billion)2 and “physical security” (video surveillance, access control, visitor management, etc.) market (over $20 billion) through its innovative RAD solution ecosystem.
ROSA is a compact, self-contained, portable, security and communication solution that can be deployed in about 15 minutes. Like other RAD solutions, it only requires power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics include human and vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and autonomous response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras. RAD has published two Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at car rental locations and construction sites across the country. (Image: Rosa installed at 7/11’s in Pittsburg)
AVA is a compact and stanchion mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry. AVA takes full advantage of the RAD Software Suite providing an ideal solution for logistics and distribution centers, storage yards, parking structures and lots, corporate campuses; anywhere that increased visibility is needed at a fraction of the cost. At ISC West in late March, AVA was named a winner of the 2022 SIA New Products and Solutions Awards in the category of Access Control Software, Hardware, Devices and Peripherals.
$AITX “These six new dealers have already added to RAD’s sales pipeline, and we look forward to supporting every opportunity,” said Mark Folmer, President of RAD.#ThursdayThoughts @AITXRAD @SteveReinharz@frontpagestocks @SCStocks @stockzeus #RThttps://t.co/EMTbrLVAwn pic.twitter.com/RMBWTSHM11
— Penny Stocks (@ProPennyPicks) November 17, 2022
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$AITX Long 40 hours… Rarely I think fml, what am I doing? And in a fraction of a moment I answer the question: I’m powered by 115k+ aitx shareholders that see the vision, see the progress, and power us forward along with happy clients, dealers and team members. ❤️❤️❤️ Onward! pic.twitter.com/MknejPxFzS
— Steve Reinharz (@SteveReinharz) November 16, 2022
Earlier this month the Company announced its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has received an order for 2 ROAMEO mobile security robots. This order, a capital purchase facilitated through one of RAD’s largest authorized dealers, will see one ROAMEO deployed at the major utility company’s corporate offices, and the other at one of their field locations. This client recently placed an order for an AVA access control robot that was announced via press release on November 3, 2022. The Company expects to publicly announce the end user in the near future as the client has expressed support for this to be made public.
RAD confirmed that these will be next generation ROAMEO 3.0 units and be deployed in the summer of 2023. ROAMEO 3.0 builds upon the thousands of hours of field deployments for ROAMEO 2.0, with upgrades including greater speed and mobility, lower production costs, faster production time, and powered by RAD-G’s RADPack.
This follows last months announcement that Robotic Assistance Devices, Inc. (RAD) has received multiple orders, totaling 33 units, to be delivered to four different clients. The product mix of the 33 security devices ordered since the last public announcement is 28 ROSAs and five TOMs. RAD’s ROSA has received industry recognition for its autonomous ability to detect and deter instances of trespassing and other property intrusions without the need for manned guarding assistance. Folmer confirmed that all 26 ROSAs will be deployed at one of the client’s distribution centers.
On November 18 AITX announced its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD) has been named a winner of the 2022 AST ‘ASTORS’ Award for its breakthrough Firearm Detection AI analytic in the category of Best Metal/Weapons Detection Solution, and for RAD Light My Way in the category of Best Alert Notification System. Thousands of security industry, government, and public safety professionals convened in New York City Wednesday to meet with experts from industry-leading innovators at ISC East, the Northeast’s largest physical and IT security trade show to preview the latest in security technologies.
Steve Reinharz, CEO of AITX and RAD stated: “Receiving two AST ASTORS awards for our most recent software and hardware solutions is a great honor. We appreciate the recognition from American Security Today and look forward to the security and #PropTech industries continued acceptance and roll out of these solutions.”
— Steve Reinharz (@SteveReinharz) November 18, 2022
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Currently trading at a $38 million market valuation AITX has just under a million in the treasury and $5.8 million in assets with just over $30 million in liabilities. Much of RAD’s existing convertible debt was acquired in support of the RAD/SMP robotics program. This convertible debt has largely been converted to long-term debt and warrants and will not cause short term dilution. These numbers do not include the non-dilutive $3.5 million the Company recently raised from its largest shareholder as Steve Reinharz reduced his stake from fully diluted ownership of 65% to 54% AITX is an exciting story developing in small caps, its subsidiary Robotic Assistance Devices, Inc. (RAD), is making moves in the $100 billion plus global security services market and finding great success under the able leadership of Steve Reinharz. AITX was one of the biggest runners of 2021, skyrocketing to highs near $0.30 per share. At current levels AITX has a massive gap to fill, ready liquidity, and a large group of investors who are steadily accumulating at current levels. We will be updating on AITX when more details emerge so make sure you are subscribed to Microcapdaily.
Disclosure: we hold no position in AITX either long or short and we have not been compensated for this article.