AITX Artificial Intelligence Technology Solutions Inc (PK)

 

 

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): February 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 February 3, 2025, we will be issuing a press release titled “AITX’s RAD Helps Hospitals Confront Escalating Security Threats with AI-Powered Protection”, 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

 

Exhibit No.		Description
99.1		February 3, 2025 Press Release
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

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: February 3, 2025	ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
		/s/ Steven Reinharz
	Name:	Steven Reinharz
	Title:	Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

AITX’s RAD Helps Hospitals Confront Escalating Security Threats with AI-Powered Protection

 

Detroit, Michigan, February 3, 2025 – Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), continues to expand its presence in the healthcare industry, addressing growing security concerns with its AI-powered security solutions. A top-tier healthcare provider has now ordered 16 RIO 360 security towers for 12 sites, with plans to expand to 55 units across 23 locations in this initial deployment phase. These deployments strengthen RAD’s footprint in healthcare security, offering a proactive approach to protecting staff, patients, and facilities.

 

From emergency rooms to parking lots, hospitals face an ever-growing set of security risks. Reports of violence against healthcare workers have surged, with threats coming from patients, visitors, and unauthorized individuals. Parking areas and entrances remain high-risk zones for theft, vandalism, and assaults.

 

Many hospitals rely on security guards and traditional surveillance cameras, but these approaches are proving insufficient. Staffing shortages make it difficult to maintain a visible security presence, and passive camera systems offer little deterrence against real-time threats.

 

Hospitals deploying RAD’s security solutions are reporting significant improvements in safety and efficiency. These AI-powered systems provide continuous surveillance, automated deterrence, and real-time response capabilities while reducing the costs associated with human security teams.

 

	●	RIO™ 360 Security Towers provide solar-powered, AI-driven monitoring and deterrence, replacing outdated security systems with intelligent automation.
	●	ROSA™ Security Devices offer compact, AI-enabled security with real-time video, two-way communication, and threat detection. Hospitals are planning to install ROSA units in areas where full RIO systems may not be needed.
	●	RAD Light My Way™ is a mobile security escort solution that allows hospital staff to request monitored escorts from their smartphones, improving safety for employees walking to and from parking areas. Scotland Memorial Hospital has already deployed this system with strong results.

 

Real-World Deployments Show Immediate Impact

 

Scotland Memorial Hospital has seen measurable improvements since implementing RAD Light My Way. The system allows staff to request security escorts and real-time monitoring, strengthening the hospital’s security while providing peace of mind for employees.

 

“This is more than just surveillance,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “Hospitals need proactive security that stops incidents before they escalate. Our AI-driven solutions provide a visible deterrent, immediate response capabilities, and significant cost savings compared to traditional security models.”

 

With interest in AI-powered security growing, RAD is in active discussions with several major healthcare providers for both RAD’s stationary and mobile solutions. These organizations are exploring AI-based solutions to improve security in parking lots, protect staff, and reduce reliance on costly security guards.

 

 

“Interest in ROAMEO™ Gen 4 throughout the healthcare industry is accelerating as hospitals and medical centers look for more effective ways to secure their properties,” added Folmer. “Large hospital parking lots have traditionally relied on security guards for patrols but staffing shortages and rising costs make that approach increasingly difficult to sustain. ROAMEO Gen 4 provides a powerful, mobile security solution that operates autonomously, delivers real-time monitoring, and enhances situational awareness, all while reducing reliance on expensive on-site personnel.”

 

As more hospitals move toward intelligent automation for security, RAD continues to expand its presence in the healthcare sector, delivering technology that enhances safety while lowering costs.

 

AITX, through its primary subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the nearly $50 billion (US) security and guarding services industry¹ 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 www.aitx.ai, www.radsecurity.com,  www.radcam.ai, 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. 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.ibisworld.com/united-states/market-research-reports/security-services-industry/

 

 

v3.25.0.1

Cover	Feb. 03, 2025
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Feb. 03, 2025
Entity File Number	000-55079
Entity Registrant Name	ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
Entity Central Index Key	0001498148
Entity Tax Identification Number	27-2343603
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	10800 Galaxie Avenue
Entity Address, City or Town	Ferndale
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48220
City Area Code	877
Local Phone Number	787-6268
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false

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