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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 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
November 8, 2023, we will be issuing a press release titled “‘A Community Hospital Leads the Way Toward Better Campus Safety,
With Help from RAD Light My Way’ Case Study Published by AITX’s Subsidiary Robotic Assistance Devices”, 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 8, 2023 |
ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS INC. |
|
|
|
|
|
/s/
Steven Reinharz |
|
Name: |
Steven
Reinharz |
|
Title: |
Chief
Executive Officer |
Exhibit
99.1
“A
Community Hospital Leads the Way Toward Better Campus Safety, With Help from RAD Light My Way” Case Study Published by AITX’s
Subsidiary Robotic Assistance Devices
Detroit,
Michigan, November 8, 2023 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX),
a pioneer in AI-driven security and productivity solutions along with its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD),
today published a comprehensive case study detailing the overwhelmingly positive outcomes following the strategic deployment of RAD Light
My Way™ and a fleet of ROSA™ security robots at Scotland Memorial Hospital in Laurinburg, North Carolina. This in-depth
review showcases the remarkable improvements in hospital campus safety and staff confidence, cementing the hospital’s commitment
to cutting-edge security solutions.
The
case study can be viewed online at https://tinyurl.com/yvymjf32
“We
are absolutely thrilled to see Scotland Memorial Hospital not only embrace RAD Light My Way but also champion its benefits through this
case study,” said Steve Reinharz, CEO of AITX and RAD. “Their forward-thinking approach and commitment to safety and security
sets a remarkable precedent for the healthcare industry. This case study is a powerful testament to how RAD’s solutions can serve
the vital needs of hospitals and their dedication to creating a secure environment.”
Scotland
Memorial Hospital has taken a significant leap in campus safety by becoming the first to implement RAD’s innovative security system
RAD Light My Way. This robust solution, featuring AI-driven surveillance provides comprehensive monitoring and a personal security
escort via a mobile app, fostering the safety of hospital staff in parking areas. The system’s introduction was a direct response
to an assault in 2022, propelling the hospital to reinforce its security measures and maintain its reputation as a safe haven for its
staff.
“We’ve
always had security officers onsite, but at times our staff have hesitated to ask for an escort to their vehicle,” said Dr. David
Pope, Chief Operating Officer at Scotland Health. “They don’t want to feel like a bother, like they’re pulling an officer
away from other security-related responsibilities. With RAD Light My Way, we’ve removed that barrier. Asking for a virtual escort
isn’t any trouble, so folks are likelier to do it.”
The
deployment of RAD Light My Way at Scotland Memorial has been met with confidence and approval from the hospital’s staff and the
surrounding community. With seven ROSA units strategically placed around the campus, the hospital has seen a significant deterrent effect
against potential security threats, supported by remote monitoring and real-time communication capabilities. Dr. Pope attributes the
absence of parking lot altercations since the system’s introduction to this advanced technology, underscoring its vital role in
enhancing staff security and engagement—a key aspect in addressing the current healthcare labor shortage.
“I’m
immensely proud of what RAD Light My Way is achieving in terms of bolstering security and peace of mind,” said Doug Clemons, Chief
Marketing Officer at RAD. “Our mission is to spread the word about this transformative technology, which has already made a significant
impact at Scotland Memorial Hospital. We’re eager to see other hospitals follow their lead, recognizing the crucial role that such
innovative solutions play in ensuring the safety of healthcare professionals. It’s not just about adopting new technology; it’s
about creating an environment where every staff member feels valued and protected.”
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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