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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): September 8, 2023
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
September 8, 2023, we will be issuing a press release titled “AITX’s Subsidiary, Robotic Assistance Devices, Signs JPT Group
as an Authorized Dealer”, 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
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:
September 8, 2023 |
ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS INC. |
|
|
|
|
|
/s/
Steven Reinharz |
|
Name: |
Steven
Reinharz |
|
Title: |
Chief
Executive Officer |
Exhibit
99.1
AITX’s
Subsidiary, Robotic Assistance Devices, Signs JPT Group as an Authorized Dealer
Detroit,
Michigan, September 8, 2023 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX),
a global leader in AI-driven security and productivity solutions for enterprise clients along with its wholly owned subsidiary, Robotic
Assistance Devices, Inc. (RAD), today announced the signing of JPT Group as a new authorized dealer.
Headquartered
in San Jose, California, JPT Group possesses a deep understanding of the threats that afflict executives and their families, as well
as the mounting challenges within workplaces and communities. Through cutting-edge innovation, unwavering collaboration, and an unyielding
pursuit of excellence, their mission is to safeguard and enhance the well-being of clients. JPT Group’s clientele encompasses corporate
leaders, board luminaries, high-profile individuals, and families of substantial means, as well as prestigious gated and non-gated communities.
“Our
clients expect and deserve the best security technology available, today RAD is that technology,” said Tony Ramirez, Co-Founder
& Chief Security Officer at JPT Group. “We’re excited to partner with an industry leader like RAD that is both an innovator
and market disruptor. I expect that our clients will quickly embrace RAD’s solutions.”
“RAD
continues to attract forward-looking dealers,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “Regional dealers like
JPT Group truly understand the challenges their clients face. It’s evident that throwing more security guards at an ongoing problem
won’t result in an effective solution. This is precisely where RAD comes into play, reinforcing dealers in their mission to provide
their clients with real, tailored security solutions.”
Ramirez
added, “RAD’s ROSA could easily be deployed at a variety of client properties as a component of our Executive Protection
Services. ROSA’s autonomous responses and alerts to suspicious activities are a clear force multiplier for our protection services,
enhancing the safety of our personnel, our clients, and their properties.”
When
it comes to demonstrating RAD solutions to clients and prospects, RAD authorized dealers must obtain a demonstration unit. Folmer emphasized,
“The ROSA system, known for its seamless installation and user-friendly operation, serves as the ideal way for new dealers to showcase
RAD’s distinctive ’security-in-a-box’ strategy.”
ROSA is a multiple award-winning, 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, firearm, 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
four Case Studies detailing how ROSA has helped eliminate instances of theft, trespassing and loitering at multi-family communities,
car rental locations and construction sites across the country.
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 these 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
JPT Group Inc.
Founded
by industry veterans with decades of combined experience, JPT Group is modernizing the security industry with a tech-integrated approach
that pairs high-level executive protection with cutting edge smart security solutions. To learn more, visit www.jptsecurity.com.
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. As such, there are no assurances that the Company will meet its
expectations with respect to its future sales volume or becoming cash flow positive. 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
v3.23.2
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