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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): November 2, 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
November 2, 2023, we will be issuing a press release titled “Final Announcement for the AITX Investor Conference and RAD Technology
Reveal”, 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:
November 2, 2023 |
ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS INC. |
|
|
|
|
|
/s/
Steven Reinharz |
|
Name: |
Steven
Reinharz |
|
Title: |
Chief
Executive Officer |
Exhibit
99.1
Final
Announcement for the AITX Investor Conference and RAD Technology Reveal
Event
to be Livestreamed on YouTube Friday November 3, 2023, at 4:00 pm ET
Detroit,
Michigan, November 2, 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 three wholly owned subsidiaries
including Robotic Assistance Devices, Inc. (RAD), today announced that it will be hosting an Investor Conference and RAD Technology Reveal
on November 3, 2023, starting at 4pm Eastern Time.
This
anticipated event will welcome approximately 30 investors in person, while extending its reach to a global audience through a live broadcast
on the AITX YouTube channel. The conference will serve as a platform for the Company to share updated sales information, provide
insights into their forecasts, and outline their strategy towards profitability.
One
of the Investor Conference’s highlights will be the grand unveiling of RADDOG™ 3S, the latest addition to RAD’s innovative
product lineup, and RAD’s newest robot dog, designed exclusively for the security services industry. Attendees and viewers will
also be treated to live demonstrations of the ROSA™ 4.x, further showcasing the Company’s commitment to developing and deploying
cutting-edge technology and safety and security solutions.
A
special guest has agreed to participate in the presentation, providing a first-hand testimonial of their journey discovering, qualifying,
and deploying the Company’s innovative solutions. The end-user client is expected to discuss their growing fleet of RAD devices
and how they are enhancing safety and security throughout their facility.
For
those not attending the event in person, it will be livestreamed on AITX’s YouTube channel www.youtube.com/aitxrad beginning
at 4pm Eastern Time.
“This
conference marks an important moment for us as we provide transparency to our investors and share our roadmap for the future,”
said Steve Reinharz, CEO of AITX and RAD. “This is an opportunity for our stakeholders to better understand the Company’s
vision, witness our latest innovations, and engage with the dynamic team behind these solutions.”
The
Investor Conference event will also shed light on RIO™ 360 v2. Following the completion of RAD’s current production run of
200 RIO 360 v1 units, RAD has ambitious plans to begin a massive 1000-unit production run of RIO 360 v2, reflecting the growing demand
and trust in these unique solutions.
Reinharz
added, “It’s more than just sharing updates. It’s about building confidence, showcasing our capabilities, and ensuring
our investors, dealer channel and end-users that we’re not just meeting but exceeding expectations.”
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
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
v3.23.3
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