Detroit, Michigan, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the Company) (OTCPK:AITX), has announced that on October 28, 2022 it issued a $4 million note to its largest single investor thereby securing a loan that matures in 4 years, bears interest at 15% per annum, has an original issue discount of $500,000, provides cash proceeds to the Company of $3.5 million, and includes warrants to acquire additional preferred equity shares (the "Fundraise"). The net effect of the Fundraise does not materially affect the Company's common stock shareholders or common shareholders' equity percentage since Steve Reinharz, AITX Founder and CEO, has effectively reduced his stake by approximately 20% (from fully diluted ownership of 65% to 54%) to achieve the funding without any further dilution to common shareholders. Steve Reinharz commented, "My commitment has always been to make AITX along with its RAD subsidiaries the dominant player in the evolving #proptech industry, which we feel we helped write the book on. This funding is crucial to the Company and will allow us to continue to grow while adding potential value to all stakeholders." Reinharz continued, "Certainly, I don't love reducing my overall stake, but the way this deal issues preferred shares and doesn't affect common shareholders, is a significant demonstration of my commitment to the Company's mission and to our shareholders."

Artificial Intelligence Technology Solutions, Inc. along with its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) announced revisions to its plans and positioning for a robotic dog for the security services, logistics, utilities, and property management industries. "We're seeing a larger and more cost-conscious market emerge for a RAD dog," said Steve Reinharz, CEO of AITX and RAD. "These market conditions have prompted our team to revise plans and develop a new dog, one that we are naming'CASSIE'. We are now going to bring an entry-level priced'junkyard dog' to market, loaded with all the AI power that RAD has developed over the years." CASSIE (Crawling Autonomous Safety Security Inspection Equipment) is the latest officially announced addition to the RAD family of robotic security and safety solutions and marks the Company's second mobile robot.

Software development teams are adapting AI & ML models into their apps and platforms to lessen DevOps lags. AI-driven DevOps will be the way of the future and flow with the tide. Software development tool vendors are speeding up the pace of integrating AI and machine learning models into their apps while seeking ways to lessen the delays in DevOps teams. Artificial intelligence will replace people as the essential tool for computing & analysis, revolutionizing how teams create, distribute, deploy, and manage applications since humans are not suited to handle the enormous volumes of data and computing required in daily operations. But first, let's grasp how AI and DevOps are related before we explore how ai ml will impact DevOps.

Detroit, Michigan, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced successful completion of their SOC 2 Type 1 examination. This achievement reflects the company's stated goals of best-in-class data protection and internal processes. The audit, conducted by Geels Norton LLC, confirms that AITX's, and its subsidiary's practices, policies, procedures, and operations meet the SOC 2 categories for security, availability, and confidentiality. "This achievement required a sizable amount of effort in documenting and tightening our processes, and completes our transition from being a small, casual organization into a modern corporation," said Steve Reinharz, CEO of AITX. "We've now satisfied many of America's foremost businesses that require their partners and vendors adhere to the highest standards regarding their data and security."

Artificial Intelligence Technology Solutions, Inc., ( OTCPK:AITX), a global leader in AI-driven security and productivity solutions for enterprise clients today increased its revenue guidance for its fiscal Q3 ending November 30, 2021. This press release features multimedia. AITX CEO Steve Reinharz introduces RAD's yet unnamed robotic dog, part of the RAD 3.0 product offering, at AITX Investors Open House held October 13, 2021, at the company's REX (RAD Excellence Center) in Detroit, Michigan (Photo: Business Wire) As previously disclosed, AITX through its wholly owned subsidiary Robotic Assistance Devices Inc. (RAD), is expected to close October 2021 with Recurring Monthly Revenue (RMR) of over $80,000. "Sales activity has now accelerated to the pace where we can anticipate topping the $100,000 RMR milestone by the end of November 2021," commented Mark Folmer, RAD COO and President. "This is such exciting progress for AITX. We expect significant revenue events before Q3 closes," said Steve Reinharz, CEO and President of AITX.

Artificial Intelligence Technology Solutions, Inc., ( OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) has appointed Jeffrey Slotnick CPP, PSP as Chairman of the company's Board of Advisors. The announcement came Wednesday afternoon at the close of RAD's first annual RADCON conference at the company's new manufacturing facility REX (RAD Excellence Center) in the metro Detroit area. This press release features multimedia. Slotnick is an internationally recognized Enterprise Security Risk Consultant with nearly 30 years of experience, peer recognized as a "Thought Leader" and a "Critical Architect in homeland security". As an ISO credentialed Lead Auditor, Slotnick is responsible for the some of the latest advancements in All Hazards Disaster Resilience, Organizational Resilience Management, ISO/ANSI Standards Development, Resiliency Information Management Processes, and Enterprise Security Risk Management.

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) is thrilled to announce that it has restructured the vast majority of its debt, which has saved the company a tremendous amount of dilution. Specifically, AITX has restructured over 85% of its convertible debentures into non-convertible notes and warrants. The remaining note holders have not made any conversions in over two years and the company does not anticipate any further conversions prior to restructuring the remaining balance of the debentures. "This announcement is the result of the extraordinary efforts and commitment by the entire RAD team in creating and building a company that we believe will be the breakthrough leader in an emerging multi-billion dollar industry," said Steve Reinharz, President and CEO of RAD and controlling shareholder of AITX. "I thank all of our clients, investors, supporters and fans for their incredible support throughout this journey. Moving forward, you will see additional announcements regarding additional restructuring and additional financing. We are now in a much stronger position to fulfill our mission."

Artificial Intelligence Technology Solutions, Inc. (OTCPK:AITX) today announced that its wholly-owned subsidiary Robotic Assistance Devices (RAD) has received an order from a global top 20 medical devices company with over 50,000 employees for what RAD expects as the first of several Wally HSO (Health Screening Option) units to be deployed at one of the client's manufacturing facilities. Wally HSO is a self-contained, artificial intelligence-driven security, concierge and health screening solution capable of performing touchless temperature assessments on personnel entering a facility. Wally HSO is also designed to detect and document those wearing, and not wearing a face mask as they enter a facility. If the user's temperature is outside of the acceptable range, Wally HSO will not allow entry, the incident is digitally documented, and the unit will provide further instructions either audibly or visually which may include summoning an on-site, or remote security guard. Wally HSO mounts easily on a wall in a lobby or a building entrance and does not require any networking resources or installation and instead connects to the cloud via an enhanced cellular connection or WiFi.

Reno, NV, July 30, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Artificial Intelligence Technology Solutions, Inc., (AITX:OTCPK) is pleased to announce that Robotic Assistance Devices, Inc., (RAD) its wholly owned subsidiary, has received a new purchase order and subsequently deployed three SCOT units at a new multi-billion dollar real estate client. This follows the deployment of the SCOT mentioned in the February 5, 2019 press release, which was for a San Francisco Bay area commercial real estate customer. This client has indicated they are likely to expand their RAD system quickly. "We are gaining good momentum in the real estate vertical," said Steve Reinharz, President and CEO of RAD. "This is a new commercial real estate order and the first in the Northeast of the U.S. This is a large sector that has the potential to greatly increase sales for the company in the future."