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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): January 3, 2025
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
January 3, 2025, we will be issuing a press release titled “AITX’s RADCam Now Available on Amazon, Walmart.com; Available
on TikTok Next Week”, 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:
January 3, 2025 |
ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS INC. |
|
|
|
|
|
/s/
Steven Reinharz |
|
Name: |
Steven
Reinharz |
|
Title: |
Chief
Executive Officer |
Exhibit
99.1
AITX’s
RADCam Now Available on Amazon, Walmart.com; Available on TikTok Next Week
Major
Online Platforms Open New Opportunities for RADCam’s Revolutionary Home Security Technology
Detroit,
Michigan, January 3, 2025 — Robotic Assistance Devices Residential, Inc. (RAD-R), a subsidiary of Artificial
Intelligence Technology Solutions, Inc. (the “Company”),
(OTCPK:AITX) is thrilled to announce RADCam’s availability on now on Amazon and Walmart.com, with the TikTok
store going live sometime next week. These platforms provide unparalleled reach and accessibility, allowing RAD-R to meet the needs of
a growing audience of tech-savvy consumers. RADCam is designed to appeal to a wide range of users, from homeowners seeking to enhance
security to renters and others prioritizing peace and safety in their living spaces.
Initially,
RADCam orders on Amazon will be fulfilled directly by RAD-R. However, Amazon Prime features will be live sometime next week, including
fulfillment by Amazon and return handling. To support this rollout, RAD-R is shipping a starting quantity of 1,000 RADCams to Amazon
for distribution at warehouses around the country.
“RADCam
should be as easy to purchase as it is to use, and reaching consumers through these popular online channels delivers a choice that consumers
want,” said Steve Reinharz, CEO and CTO of AITX and RAD-R. “We’re very much looking forward to consumer response. We
have a jump on the rest of the industry right now and will be listening keenly to feedback. We are certain we have the next evolution
of the residential security device. The future of RADCam and AITX continues to look brighter than ever.”
RADCam,
which the Company believes to be the world’s first camera capable of conversational interaction, eliminates repetitive and nuisance
notifications by leveraging AITX’s proprietary AIR™ (Autonomous Intelligent Response) technology. This ensures users
receive only relevant and actionable alerts, redefining the capabilities of home security cameras while enhancing safety and convenience.
Expanding
RADCam’s availability to major online marketplaces such as Amazon and Walmart.com, as well as popular social media platforms like
TikTok, significantly enhances its accessibility and aligns with current consumer purchasing trends. Amazon remains the dominant force
in online retail, with 87% of consumers turning to the platform when ready to make a purchase.1 Walmart.com also holds a
substantial share of the e-commerce market, ranking second in U.S. retail e-commerce sales with an estimated $83.18 billion in 2024.2
Additionally, the rise of social commerce is notable, with platforms like TikTok Shop achieving $1 billion in monthly U.S. sales
and $100 million on Black Friday alone.3 By offering RADCam through these channels, the Company is meeting consumers where
they prefer to shop, thereby broadening its market reach and catering to evolving purchasing behaviors.
RADCam
is now available for purchase on Amazon, Walmart.com and soon TikTok, as well as directly through www.radcam.ai.
Discover how this groundbreaking technology can redefine security and convenience for your home or property.
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-I, RAD-R, 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, www.radcam.ai,
and www.radlightmyway.com, or follow Steve Reinharz on X/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
1 https://www.prnewswire.com/news-releases/amazon-remains-the-top-marketplace-for-consumer-shopping-according-to-feedvisors-2022-consumer-behavior-report-301637325.html
2
https://www.emarketer.com/content/5-key-stats-how-consumers-shopped-amazon-walmart-tiktok-shop-q1/
3
https://www.businessinsider.com/how-tiktok-shop-is-changing-e-commerce/
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