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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): February 8, 2024
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 8, 2024, we will be issuing a press release titled “AITX’s RAD Announces First Municipal RADDOG Adoption”, 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:
February 8, 2024 |
ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS INC. |
|
|
|
|
|
/s/
Steven Reinharz |
|
Name: |
Steven
Reinharz |
|
Title: |
Chief
Executive Officer |
Exhibit 99.1
AITX’s RAD Announces
First Municipal RADDOG Adoption
City of Taylor, Michigan,
Welcomes Its First RADDOG 2LE to the Police Force in Historic Move
Detroit, Michigan, February 8, 2024
– Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc.,
(the “Company”) (OTCPK:AITX), today announced that the Taylor City Council has officially approved the addition of
a RADDOG™ 2LE to the Taylor Police Department. This marks a historic moment as the city integrates its first robotic quadruped
into the municipal police force, and RAD celebrates its inaugural deployment of RADDOG to a municipal entity.
The City of Taylor, recognized as the fifth most
populous city in Wayne County and the 17th across Michigan, boasts a population of 63,409 as per the 2020 census. With a dedicated force
of approximately 100 sworn officers, the inclusion of RADDOG 2LE represents a significant step forward in leveraging technology to enhance
public safety and operational efficiency within the community.
RADDOG 2LE, designed and developed by RAD,
is a state-of-the-art robotic system modeled to support law enforcement agencies in a variety of operational scenarios. Equipped with
advanced mobility, surveillance capabilities, and patrolling functions, RADDOG 2LE is set to become an invaluable asset to the Taylor
Police Department.
RAD’s Sr. Vice President of Revenue Operations,
Troy McCanna, an ex-FBI agent of 23 years, expressed enthusiasm about the new addition, stating, “The integration of RADDOG 2LE
into police forces is a testament to our commitment to delivering innovative solutions for public safety. We are proud to be at the forefront
of this technological advancement, setting a precedent for modern policing that could shape the future of law enforcement operations,
not just in Michigan, but nationwide. I wish we had this device when I was an active agent as I’m certain it will provide critical
escalation functions while enhancing officer safety.”
On January 24, 2024, the Taylor Police Department
commented on social media following their final RADDOG 2LE demonstration, “This tool can be used as an additional resource
for multiple emergency situations that can help law enforcement. The robot can be deployed to assist in incidents where our officers
and citizens can be in immediate danger and potentially provide a safer solution and reduce the risk in dangerous circumstances.”
Mark Folmer, CPP, PSP, FSyI, President of RAD, also
commented on this milestone, “We are honored to partner with the City of Taylor and its Police Department. This deployment marks
a significant achievement for RAD, demonstrating the trust and confidence that the City of Taylor has placed in our technology. We believe
that RADDOG 2LE will prove to be a game-changer in enhancing the capabilities of the Taylor Police Department.”
Steve Reinharz, CEO/CTO of AITX and RAD, noted “We
will continue to invest in improving this technology with an eye towards being budget friendly. We strive, in time, to develop a version
of RADDOG that will be every law enforcement members’ best friend and riding in every car on every patrol. It may take time, but
this concept has tremendous potential, and it starts today.”
The deployment of RADDOG 2LE in Taylor is expected
to pave the way for further adoption of robotic assistance within public safety and law enforcement agencies across the country, highlighting
the potential for such technology to complement and enhance the efforts of human officers.
As the City of Taylor and RAD embark on this pioneering
journey, both parties look forward to witnessing the positive impact that RADDOG 2LE will have on the community, setting a benchmark
for innovation in public safety.
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. 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
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