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Associated Press
01-05-2025
- Business
- Associated Press
AITX Accelerates Drive to Positive Cash Flow with Increasing Revenues and Over $1 Million Annual Spend Reductions
The Company Continues to Close the Gap to Positive Operational Cash Flow Detroit, Michigan--(Newsfile Corp. - May 1, 2025) - Artificial Intelligence Technology Solutions, Inc. (OTC Pink: AITX) (the 'Company'), today announced it is implementing various efficiencies to achieve over $1.2 million in annualized savings with expectations on full implementation beginning June 1, 2025, with reduced spending expected to be seen in the Q2 quarterly filings. These savings reflect stability in the Gen 4 platform and a focus shift from product creation for solutions such as ROAMEO ™ to a focus on production transition and iterative efficiency improvements. Additionally, the Company is implementing greater efficiencies across cloud services, logistics, and deployment operations. The Company's operational realignment strengthens its financial position as it continues to advance toward its long-term growth objectives. The Company expects that there will be no headcount changes to the approximately 115 team members throughout AITX and its four subsidiaries. [ This image cannot be displayed. Please visit the source: ] To view an enhanced version of this graphic, please visit: 'We have made strategic, thoughtful decisions that significantly lower our monthly cash requirements while maintaining our momentum across all business units,' said Steve Reinharz, CEO of AITX and all RAD subsidiaries. 'These savings, combined with our growth initiatives, accelerate our push toward achieving operational cash flow positivity, a key milestone in our long-term plan to drive shareholder value and expand our leadership position in AI-driven security solutions.' On April 3, 2025, AITX reported unaudited fiscal year 2025 revenues of $6.13 million for the period ending February 28, 2025, representing an increase of nearly 300 percent compared to fiscal year 2024. The Company has forecasted fiscal year 2026 revenues in the range of $12 million to $18 million, supported by growing recurring revenue streams and expanding market adoption of its AI-driven solutions. The growing financial and operational strength of Robotic Assistance Devices, Inc. (RAD-I) has enabled the Company to provide full time resources toward the growth of SARA ™ and Robotic Assistance Devices Group, Inc. (RAD-G). Nearly 20% of AITX's operations will soon be dedicated to these next-generation initiatives, supporting accelerated development without impacting RAD-I's ongoing performance or client commitments. This reallocation reflects the Company's confidence in the substantial market opportunity represented by AI-powered security and automation solutions, opens significant new revenue opportunities all while effecting no increase in headcount or SG&A. With a streamlined cost structure, a growing base of recurring monthly revenue, and expanding opportunities across multiple markets, AITX remains firmly positioned for continued growth. The Company's disciplined operational strategy, combined with its leadership in AI-driven security technologies, is expected to support further progress toward operational profitability and long-term value creation for shareholders. AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD-I), is redefining the nearly $50 billion (US) security and guarding services industry i through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD-I 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-I 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-I has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD-I 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-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 and 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 or meeting its 2026 forecasted revenues in the range of $12 million to $18 million. 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. Further, sales unit take results should not be interpreted in any way whatsoever as representing actual revenues or otherwise predictive of the Company's future revenues. ### Steve Reinharz 949-636-7060 @SteveReinharz ihttps:// To view the source version of this press release, please visit
Yahoo
01-05-2025
- Business
- Yahoo
AITX Accelerates Drive to Positive Cash Flow with Increasing Revenues and Over $1 Million Annual Spend Reductions
The Company Continues to Close the Gap to Positive Operational Cash Flow Detroit, Michigan--(Newsfile Corp. - May 1, 2025) - Artificial Intelligence Technology Solutions, Inc. (OTC Pink: AITX) (the "Company"), today announced it is implementing various efficiencies to achieve over $1.2 million in annualized savings with expectations on full implementation beginning June 1, 2025, with reduced spending expected to be seen in the Q2 quarterly filings. These savings reflect stability in the Gen 4 platform and a focus shift from product creation for solutions such as ROAMEO™ to a focus on production transition and iterative efficiency improvements. Additionally, the Company is implementing greater efficiencies across cloud services, logistics, and deployment operations. The Company's operational realignment strengthens its financial position as it continues to advance toward its long-term growth objectives. The Company expects that there will be no headcount changes to the approximately 115 team members throughout AITX and its four subsidiaries. To view an enhanced version of this graphic, please visit: "We have made strategic, thoughtful decisions that significantly lower our monthly cash requirements while maintaining our momentum across all business units," said Steve Reinharz, CEO of AITX and all RAD subsidiaries. "These savings, combined with our growth initiatives, accelerate our push toward achieving operational cash flow positivity, a key milestone in our long-term plan to drive shareholder value and expand our leadership position in AI-driven security solutions." On April 3, 2025, AITX reported unaudited fiscal year 2025 revenues of $6.13 million for the period ending February 28, 2025, representing an increase of nearly 300 percent compared to fiscal year 2024. The Company has forecasted fiscal year 2026 revenues in the range of $12 million to $18 million, supported by growing recurring revenue streams and expanding market adoption of its AI-driven solutions. The growing financial and operational strength of Robotic Assistance Devices, Inc. (RAD-I) has enabled the Company to provide full time resources toward the growth of SARA™ and Robotic Assistance Devices Group, Inc. (RAD-G). Nearly 20% of AITX's operations will soon be dedicated to these next-generation initiatives, supporting accelerated development without impacting RAD-I's ongoing performance or client commitments. This reallocation reflects the Company's confidence in the substantial market opportunity represented by AI-powered security and automation solutions, opens significant new revenue opportunities all while effecting no increase in headcount or SG&A. With a streamlined cost structure, a growing base of recurring monthly revenue, and expanding opportunities across multiple markets, AITX remains firmly positioned for continued growth. The Company's disciplined operational strategy, combined with its leadership in AI-driven security technologies, is expected to support further progress toward operational profitability and long-term value creation for shareholders. AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD-I), is redefining the nearly $50 billion (US) security and guarding services industryi through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD-I 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-I 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-I has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD-I 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-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 and or follow Steve Reinharz on Twitter @SteveReinharz. CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTSThe 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 or meeting its 2026 forecasted revenues in the range of $12 million to $18 million. 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. Further, sales unit take results should not be interpreted in any way whatsoever as representing actual revenues or otherwise predictive of the Company's future revenues. ### Steve Reinharz949-636-7060@SteveReinharz i To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
14-04-2025
- Business
- Yahoo
AITX's RAD Builds Upon Urban Safety Momentum with Key Deployments in Major Cities
Cities Turn to RAD for Smarter, AI-Powered Public Safety Solutions Detroit, Michigan--(Newsfile Corp. - April 14, 2025) - Artificial Intelligence Technology Solutions, Inc. (OTC Pink: AITX) (the "Company"), a global leader in AI-driven security and productivity solutions for enterprise clients, along with its subsidiary Robotic Assistance Devices (RAD), today announced recent successes in St. Louis, Missouri, where the Downtown St. Louis Community Improvement District (CID) has embraced RAD's solutions as part of its public safety initiatives. The CID has deployed multiple ROSA™ security devices, showcased RAD's ROAMEO™ and RADDOG™ LE2 during the NCAA Frozen Four Championship, and is actively developing a citywide program that would introduce hundreds of RADCam™ units across St. Louis. A RAD ROAMEO Gen 4, patrols downtown St. Louis during the Frozen Four Championship To view an enhanced version of this graphic, please visit: From April 10 to 12, RAD's ROAMEO and RADDOG LE2 were actively deployed in downtown St. Louis as part of the city's public safety and engagement efforts during the NCAA Frozen Four Championship. These high-visibility units provided an added layer of security, engaged with residents and visitors, and generated strong public interest. Steve Reinharz, CEO/CTO of AITX and RAD, was interviewed on-site by KSDK, the St. Louis NBC affiliate, where he discussed how RAD's technologies enhance urban safety while fostering meaningful community interaction. The segment can be viewed here: Cannot view this video? Visit: During the event, representatives from several local organizations, including casino operators, professional sports teams, and major property management firms, visited with RAD and the Downtown St. Louis CID to see firsthand how ROAMEO, ROSA, RADDOG LE2, and other RAD security solutions could be used to support safety and operational efficiency in real-world environments. Of particular interest to many of these organizations was RAD's multiple SARA™ (Speaking Autonomous Responsive Agent) and ROSS™ (RAD Operations System Software) platforms. These software solutions allow clients to reimagine the role of their existing security infrastructure by adding an intelligent, agentic AI layer to legacy hardware. By leveraging RAD's analytics and automation capabilities, organizations can unlock powerful new functionality from their current systems, enhancing performance, accelerating incident response, and delivering significant cost savings without the need for full system replacement. "RAD's technology has been an impactful addition to our public safety efforts," said Kelli McCrary, Executive Director of the Downtown St. Louis CID. "The presence of ROSA, ROAMEO, and RADDOG has not only helped deter unwanted activity, but also brought positive attention and community engagement, especially during the excitement of the Frozen Four Championship. This kind of innovation supports our vision for a safer, more welcoming downtown experience." RAD's momentum extends beyond St. Louis. In Cleveland, RAD partnered with Downtown Cleveland, Inc. to launch a smart security initiative in Public Square, featuring the RIO™ 360 tower with live video integration into the city's crime center. In Nashville, RAD secured deployments of ROSA and RIO units following a competitive review, with city leadership opting for RAD over traditional security solutions to enhance monitoring and deterrence in key public areas. As municipalities and CIDs search for scalable, cost-effective ways to secure public spaces, RAD has emerged as a trusted partner in redefining how cities approach safety. From high-traffic districts to major public events, RAD's AI-powered devices provide 24/7 monitoring, advanced detection capabilities, and autonomous responses that relieve the burden on human personnel. The recent deployments in St. Louis, Cleveland, and Nashville illustrate how RAD's solutions meet the evolving security needs of urban centers while reinforcing community confidence. "We're seeing growing interest from CIDs and public sector organizations that are eager to rethink how they secure their communities," said Reinharz. "RAD is executing a nationwide campaign to deliver meaningful, affordable, and effective security solutions to cities, towns, and districts across the country. Our technology gives these organizations the tools to protect public spaces, ease the strain on human resources, and deliver a stronger sense of safety for residents and visitors alike." "It's incredibly rewarding to see our devices actively supporting the safety goals of communities like St. Louis, Cleveland, Nashville, and others" said Troy McCanna, Chief Security Officer at RAD. "These deployments represent a shift away from outdated approaches and a move toward intelligent, responsive technology that delivers results. We're proud to be working hand-in-hand with local leaders who are committed to creating safer urban environments through innovation." RAD welcomes inquiries from municipalities, Community Improvement Districts (CIDs), Business Improvement Districts (BIDs), Downtown Development Authorities (DDAs), and other organizations focused on public safety and urban revitalization. The Company offers personalized consultations to explore how its AI-powered security solutions can support local safety goals, improve operational efficiency, and strengthen community trust. About Robotic Assistance Devices, Inc. (RAD) Robotic Assistance Devices, Inc. (RAD), a wholly owned subsidiary of Artificial Intelligence Technology Solutions, Inc. (AITX), is a trailblazer in delivering AI-powered autonomous security solutions that transform how organizations protect their facilities and assets. RAD's industry-leading product lineup; including ROSA™, RIO™, AVA™, and RAD Light My Way™ offers cutting-edge security technologies that reduce costs while enhancing operational efficiency. By deploying RAD's AI-fueled systems, organizations can optimize security personnel, improve situational awareness, and achieve superior ROI. RAD's solutions are well-suited for various industries, including municipalities, corporate enterprises, transportation, critical infrastructure, education, and healthcare. Learn more at AITX, through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the nearly $50 billion (US) security and guarding services industry[1] 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. 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-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 and 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. 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 Reinharz949-636-7060@SteveReinharz ________________________1 To view the source version of this press release, please visit
