AND EXCHANGE COMMISSION
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
of Report (Date of earliest event reported): October 4, 2023
INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
name of registrant as specified in its charter)
or other jurisdiction
of principal executive offices)
telephone number, including area code)
name or former address, if changed since last report.)
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:
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
registered pursuant to Section 12(b) of the Act:
of each class
of each exchange on which registered
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.
8.01 Other Events
October 4, 2023, we will be issuing a press release titled “AITX Provides Roll-Up Regarding Its Key Markets, End-Users, and Use
Cases”, which press release is attached hereto as Exhibit 99.1.
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
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.
October 4, 2023
INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
Provides Roll-Up Regarding Its Key Markets, End-Users, and Use Cases
Michigan, October 4, 2023 — Artificial Intelligence Technology Solutions, Inc.,
(the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly
owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today identified several vertical markets, along with end-user clients, where
RAD devices have been deployed and proven valuable in deterring criminal or unwanted activity.
are so proud of our incredible customer base and the dealers that brought many of them to RAD,” said Steve Reinharz, CEO of AITX
and RAD. “There are unique applications in each of the vertical markets we serve, and there’s no ‘one size fits all’
approach to servicing them. Our team works tirelessly to make sure that every client is treated with the respect and professionalism
they deserve. That’s how we earn and keep their business.”
has successfully deployed its robotic security technologies, particularly the ROSA, RIO and AVA devices, across
numerous industry sectors. In the automotive world and the controlled environments of financial institutions, RAD has successfully reduced
common security challenges like trespassing and theft. Within property management, retail, and healthcare sectors, RAD’s robots
have not only addressed pivotal security issues but also offered cost-effective alternatives to traditional security methods. Regardless
of the market or use case, RAD seamlessly blends its technological innovation with real-world applications, establishing a reliable security
following is a sampling of the markets where RAD has established a presence.
the logistics and distribution vertical markets, RAD has deployed an array of devices, including AVA, ROSA, SCOT, Wally, and TOM, to
fortify security and streamline operations. Tasked with the dual role of autonomous access control and traditional security surveillance,
these units meticulously regulate the entry and exit of vehicles, employees, and visitors, ensuring that only authorized entities gain
access, while also persistently monitoring for any unauthorized or suspicious activities within the premises. By combining advanced analytics
with continuous surveillance, RAD’s devices effectively uphold a secure and orderly environment, safeguarding assets and enhancing
operational flow in the critical landscapes of logistics and distribution centers.
RAD clients in this vertical market include GXO, Ingram Micro, as well as two of the top three common carriers.
Manufacturing, Logistics and Retail
has secured its footprint in enhancing security across the automotive manufacturing, logistics, and retail sectors with multiple deployments
of its best-selling ROSA and RIO devices, renowned for their impeccable ability to detect and deter trespassing, theft, and vagrancy
through advanced AI-powered analytics and 24/7 monitoring. These autonomous security solutions provide a potent blend of continual vigilance
and cost-effective operational efficiency, safeguarding assets and infrastructure while enabling seamless integration with existing security
clients in this vertical market include two of the big three automakers, to regional auto groups including Midway Car Rental.
ROSA devices have been deployed across the banking and financial vertical, serving as a pivotal tool in ensuring secure operations. Tailored
to detect and deter instances of loitering, trespassing, and vagrancy—common challenges in this sector—the ROSA units work
seamlessly to safeguard the perimeter and interior, providing 24/7 surveillance and implementing instant alerts to effectively manage
potential security breaches. Integrating advanced analytics with autonomous responses to suspicious events, these units not only act
as a substantial deterrent but also as a crucial resource in data collection, aiding in understanding incident patterns and enhancing
preemptive security measures.
in this vertical market include large regional banks.
the notably susceptible retail market, RAD’s ROSA and RIO devices have become popular, offering a cost-effective alternative to
traditional manned guarding. Within a sector often beleaguered by trespassing, loitering, and vagrancy, which often spur incidents of
theft and assault, these solutions serve the dual purpose of autonomously detecting and deterring potentially nefarious activities while
simultaneously digitally documenting all occurrences, ensuring steadfast surveillance. RAD’s robotic solutions effectively reduce
security breaches and stand out as a smart, affordable choice due to their low subscription cost and unique ability to manage security
in the fast-paced retail sector.
clients in this vertical market include 7-Eleven, TravelCenters of America, other national convenience stores and truck stops.
healthcare industry, often confronted with challenges like trespassing, vagrancy, and assault, has welcomed the implementation of RAD’s
ROSA, RIO, and ROSA-P solutions across various facilities such as hospitals, clinics, and labs. Strategically deployed to deter crime
in vulnerable areas like parking lots and surrounding vicinities, these devices provide a vigilant, unyielding watch, enhancing the safety
and security of both individuals and assets within these crucial healthcare environments. A large hospital system in the southeastern
U.S. has recently deployed RAD Light My Way to bolster security for its staff. RAD Light My Way transforms RAD’s remote
surveillance and monitoring solutions into a personal security escort service that accompanies hospital workers as they move between
their vehicle and the facility. By seamlessly combining AI-powered technology with practical applications, RAD’s solutions have
become pivotal in reinforcing security protocols and ensuring a safer, more secure operational atmosphere within the healthcare sector.
clients in this vertical market include Ascension and Scotland Memorial Hospital.
the field of property management, particularly within Class A commercial properties, multifamily residences, and gated communities, RAD
has emerged as a pivotal player in security and safety, deploying its ROSA and RIO devices to enhance security and operational efficiency.
These advanced solutions deter trespassing and fill any security gaps, eliminating the need for continuous on-premises patrols, and thereby
redefining asset protection and security management in the #proptech sector. With an impeccable track record, ROSA and RIO fortify environments
by employing advanced surveillance and autonomous responses, ensuring properties are safeguarded with precision, reliability, and cost-effectiveness.
clients in this vertical market include nationwide property management groups plus regional clients such as Westside Manor HOA
and Magnolia Pointe Apartments.
its footprint across a myriad of other vertical markets, RAD, along with its dealer network, has successfully deployed their security
solutions in diverse sectors including Energy Utilities, Food and Beverage, Education, Houses of Worship, Manufacturing, Gaming, Transit
Authorities, and beyond. Each deployment is meticulously coordinated to meet the unique security demands of the respective sector and
end-user, ensuring optimal vigilance and safety while addressing challenges like unauthorized access, trespassing, and other potential
security breaches. Through a balanced blend of technology and strategic application, RAD’s solutions continue to safeguard various
industries by providing reliable, autonomous security that complements and enhances existing protective measures across multiple environments.
notable clients include Trinity Metro and Rosenbaum Yeshiva of North Jersey.
majority of our clients have non-disclosure agreements (NDAs) in place, which often prevents us from naming them directly,” continued
Reinharz. “However, for deployments in public view or those where we have been granted permission, we are pleased to share our
successes and the tangible impact that RAD’s security solutions have made in their environments.”
added that the Company expects to publish several detailed case studies in the near future, further revealing client successes, introducing
new markets and end users.
has successfully attracted, earned, and maintained revenue generating business from some of the biggest companies in North America,”
said Mark Folmer, CPP, PSP, FSyI, President of RAD. “Our sales pipeline continues to flow with opportunities to deploy solutions
at a growing list of impressive corporate clients.”
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.
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.
Artificial Intelligence Technology Solutions (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.
DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
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.
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