Form 8-K - Current report

 

 

 

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): November 22, 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)

 

[phone]

(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 November 22, 2024, we will be issuing a press release titled “AITX’s RAD-R Releases RADCam™ Full Feature List & Cyber Monday Promotional Details”, 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		November 22, 2024 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: November 22, 2024	ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
		/s/ Steven Reinharz
	Name:	Steven Reinharz
	Title:	Chief Executive Officer

 

 

 

Exhibit 99.1

 

AITX’s RAD-R Releases RADCam™ Full Feature List & Cyber Monday Promotional Details

 

The World’s First Talking Camera, Features Residential Concierge Services

 

Detroit, Michigan, November 22, 2024 – Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), along with its subsidiary Robotic Assistance Devices Residential, Inc. (RAD-R), is proud to announce the official launch of RADCam, designed to redefine how homeowners interact with their property’s security. Unlike traditional residential surveillance cameras that inundate users with countless alerts, RADCam applies advanced Artificial Intelligence to provide contextual interaction, meaningful engagement, and AI performed S.O.S. service calls.

 

While typical security cameras have a tendency to flood users’ devices with a steady stream of inactionable motion or human detection alerts, RADCam itself handles much of the required activity around a property.

 

RADCam, what the Company believes to be the world’s first talking residential camera, is expected to set the new standard for residential security. RADCam can be activated with an intelligent AI driven security operator that can call residents, neighbors, or even law enforcement and have full conversations about what’s on video – even if what’s happening in the video is changing. Full conversational AI that has ‘eyes’ on the situation is a break-through set to redefine how property management systems interact with residents and support services. Best of all RAD-R is offering this service for only $10 per month.

 

From Friday, November 22, 2024, through Friday, December 6, 2024, RADCam will be available for purchase online at radcam.ai at an exclusive promotional price of just $69, a $30 savings off its introductory price of $99. Even more exciting, customers can bundle and save with a three-piece RADCam package priced at only $199, delivering unmatched value for this groundbreaking technology.

 

RADCam specifically offers a range of groundbreaking features designed to address the gaps in traditional solutions:

 

	●	Proactive Visitor Engagement: RADCam doesn’t just observe, it interacts with those that it detects. Using advanced AI capabilities, it greets or challenges visitors with natural language inquiries, identifying their intent and addressing the situation accordingly.
	●	Intelligent Event Summaries: Instead of overwhelming users with repetitive motion detection alerts, RADCam generates actionable event summaries, delivering concise and relevant updates.

 

 

	●	Elimination of Alert Fatigue: With its focus on context, RADCam reduces nuisance notifications, ensuring homeowners are only alerted when necessary, such as during package deliveries or potential security risks.
	●	AI-Driven Escalation: RADCam is equipped with an optional AI agent, an S.O.S. feature designed to contact law enforcement or designated neighbors or others during escalated situations. Using SARA’s natural language, the system describes events in real-time and requests immediate assistance.

 

RADCam’s capabilities and speech can be viewed, and heard, in a demonstration video montage at tinyurl.com/radcam-demos.

 

RADCam vs. Traditional Surveillance Cameras

 

The current market for residential surveillance cameras is built around the perception of security, often focusing on motion detection systems that fail to provide meaningful insights. This approach results in high rates of “alert fatigue,” often leading homeowners to ignore notifications. RADCam changes that narrative by delivering only relevant updates while taking proactive actions when necessary, ensuring that every alert matters.

 

RADCam positions itself not as a security tool, but as a household partner, even a concierge, addressing the wants and needs of homeowners through thoughtful AI interactions and a seamless integration into their daily life.

 

Steve Reinharz, CEO/CTO of AITX and RAD-R, shared his excitement about RADCam’s launch.

 

“We’ve created a solution that delivers the power of AI to residential security. It’s like Siri or Alexa, yet at your doorstep, and with specific instructions to either handle the person at the door or escalate to authorities for a physical response. RADCam allows homeowners to change how they provide security by merging intelligence, action, and convenience in ways never seen before in this industry.”

 

RADCam, Security That Acts, Not Just Watches

 

In addition to its robust AI features, RADCam also includes a host of user-friendly upgrades, including a 1080p HDR imager, IR illuminators for low-light conditions, customizable detection zones, and seamless mobile app integration for iOS and Android devices.

 

The addition of RADCam to AITX’s broad portfolio underscores the Company’s commitment to innovation in the AI-powered security, safety, and property management sectors. With RADCam, homeowners and small businesses can finally enjoy a security camera that truly works for them, not against them.

 

RADCam is now available for purchase exclusively online, with more information available on the RADCam website at radcam.ai. For homeowners tired of endless alerts and looking for a smarter, more engaging solution, RADCam represents the next evolution in residential security.

 

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

 

 

 

Cover	Nov. 22, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Nov. 22, 2024
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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