false
0001498148
0001498148
2024-03-07
2024-03-07
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): March 7, 2024
ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS INC. |
(Exact
name of registrant as specified in its charter) |
Nevada |
|
000-55079 |
|
27-2343603 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
10800
Galaxie Avenue
Ferndale,
MI 48220 |
(Address
of principal executive offices) |
(877)
787-6268 |
(Registrant’s
telephone number, including area code) |
Not
Applicable |
(Former
name or former address, if changed since last report.) |
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
N/A |
|
N/A |
|
N/A |
When
used in this Current Report on Form 8-K, unless otherwise indicated, the terms the “Company,” “our,” or “we”
refer to Artificial Intelligence Technology Solutions Inc. and its subsidiaries.
Item
8.01 Other Events
On
March 7, 2024, we will be issuing a press release titled “AITX’s RAD Expands Sales Outreach and Industry Visibility Leading
Up to ISC West”, which press release is attached hereto as Exhibit 99.1.
The
information in this Current Report on Form 8-K with respect to Item 8.01 (including the press release attached hereto as Exhibit 99.1)
is being furnished pursuant to Item 8.01 of Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18
of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section,
nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
This current report on Form 8-K (including Exhibit 99.1) will not be deemed an admission as to the materiality of any information contained
herein.
ITEM
9.01. EXHIBITS
Exhibit
No. |
|
Description |
|
|
|
99.1 |
|
March 7, 2024 Press Release |
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date:
March 7, 2024 |
ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS INC. |
|
|
|
|
|
/s/
Steven Reinharz |
|
Name: |
Steven
Reinharz |
|
Title: |
Chief
Executive Officer |
Exhibit 99.1
AITX’s RAD Expands
Sales Outreach and Industry Visibility Leading Up to ISC West
Momentum Building in 1st
Month of Fiscal Year
Detroit, Michigan, March 7, 2024 —
Robotic Assistance Devices (RAD), a wholly owned subsidiary of Artificial Intelligence Technology Solutions, Inc., (the
“Company”) (OTCPK:AITX), is eagerly anticipating the opportunity to showcase its groundbreaking AI-powered security
and safety solutions to diverse audiences at 2 upcoming regional conferences and one online webinar. From an exclusive IAHSS Great Lakes
Chapter Meeting to the 2024 Healthcare Safety & Security Symposium, RAD is poised to present the transformative potential of its
technology in shaping the future of security services. With a focus on Autonomous Remote Services and advanced Firearm Detection technology,
RAD remains committed to delivering innovative solutions that address the evolving challenges faced by organizations across various sectors.
Steve Reinharz, CEO/CTO of AITX and RAD commented,
“As RAD engages with esteemed members of the security industry and healthcare professionals, we are continuing to foster meaningful
discussions and sharing insights that contribute to a safer, more secure future. We look forward to demonstrating how our solutions empower
businesses and institutions to enhance their security posture efficiently and cost-effectively.”
With the momentum gained from these events, RAD will
be poised to make a significant impression at ISC West, where it will have the opportunity to amplify its reach, strengthen relationships,
and unveil its latest advancements to a broader audience. ISC West’s reputation as the premier security trade event in the U.S.
aligns perfectly with RAD’s mission to drive innovation and shape the future of security technology. At ISC West, taking place April
9-12 in Las Vegas, RAD will be participating in 3 discussion panels, 1 educational presentation and exhibiting in booth #20131.
Mark Folmer, CPP, PSP, FSyI, President of RAD, added,
“As an industry disruptor in the security services space, it’s important for us to get in front of our peers and show them
that the future of security is right now with RAD. I am very excited about the events we have on the calendar for the next few months.”
Reinharz added, “We appreciate the support
and invitation from industry leaders like Allied Universal, IAHSS, SIA and Security Today magazine to help spread the word and share
RAD’s success stories with the public.”
RAD’s upcoming conferences and webinars are:
IAHSS Great Lakes Chapter Meeting at the REX (RAD
Excellence Center)
|
○ |
Date: March 15, 10:00 am - 12:30 pm ET |
|
○ |
Location: The REX (RAD Excellence Center) in Ferndale, Michigan |
|
○ |
Hosted By: The Great Lakes Chapter of IAHSS and RAD |
|
○ |
Description: This hands-on event is by invitation only and closed to the public. The event, hosted by the Great Lakes Chapter of IAHSS in collaboration with RAD, will focus on “Security in 2024: The Impact of Automation and Robotics.” Experts from RAD and IAHSS will discuss the transformative power of security automation and robotics, including trends, innovative solutions, and future directions in security services. |
2024 Healthcare Safety & Security Symposium
|
○ |
Date: March 22,
8:00 am - 2:00 pm ET |
|
○ |
Location: 1 Hotel Nashville in Nashville, Tennessee |
|
○ |
Hosted By: Allied Universal and RAD |
|
○ |
Description: This symposium is by invitation only and closed to the public. It will address workplace safety and security in 2024, with a focus on recognizing and responding to workplace violence. Healthcare executives, facilities and risk management professionals, healthcare public safety and police departments, security-related departments, and security leaders are invited to attend. |
Webinar: Enhancing Campus Safety: Practical Approaches
to Advanced Firearm Detection Technology
|
○ |
Date: March 26, 2:00 pm - 3:00 pm ET |
|
○ |
Hosted By: Security Today Magazine and RAD |
|
○ |
Location: Online, register at tinyurl.com/rad-firearm-detection/ |
|
○ |
Description: This webinar is open to the public. It will introduce cutting-edge advancements in firearm detection technology tailored for campus environments. Steve Reinharz, CEO of RAD, will discuss practical and affordable strategies for implementing and optimizing these solutions. Troy McCanna, RAD’s Chief Security Officer and former law enforcement officer with 23 years in the FBI, will provide insights into integrating advanced firearm detection within campus security protocols. Moderated by Ralph Jensen, publisher of Security Today and Campus Security & Life Safety magazines, the webinar aims to equip attendees with actionable strategies and best practices for strengthening campus security measures. |
The Company proudly distinguishes itself by openly
sharing its upcoming event schedule with the community and extending invitations to investors to follow the Company’s activities.
With a commitment to transparency and engagement, AITX recognizes the importance of keeping stakeholders informed about its strategic
initiatives, industry engagements, and developmental milestones. By providing visibility into its event calendar, the Company aims
to foster trust and transparency with investors while demonstrating its proactive approach to communication and investor relations. As
a testament to its dedication to shareholder engagement, AITX invites investors to stay connected and informed about the Company’s
progress as it continues to drive innovation and growth in the security technology sector.
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 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
cost 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 prospective 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.
About Artificial Intelligence Technology Solutions
(AITX)
AITX is an innovator in the delivery of artificial
intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through
its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase
ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced
personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational
awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government,
transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.radsecurity.com, www.stevereinharz.com,
www.radgroup.ai, www.raddog.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
The information contained in this publication does
not constitute an offer to sell or solicit an offer to buy securities of Artificial Intelligence Technology Solutions, Inc. (the “Company”).
This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment
and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or
warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional
updated information. No information in this publication should be interpreted as any indication whatsoever of the Company’s future
revenues, results of operations, or stock price.
###
Steve Reinharz
949-636-7060
@SteveReinharz
v3.24.0.1
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
Artificial Intelligence ... (PK) (USOTC:AITX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Artificial Intelligence ... (PK) (USOTC:AITX)
Historical Stock Chart
From Apr 2023 to Apr 2024