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): December 3, 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 December 3, 2024, we will be issuing a press release titled “AITX Subsidiary RAD-R Introduces Groundbreaking Package Theft Prevention Feature in RADCam™ for Enhanced Residential Security”, 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		December 3, 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: December 3, 2024	ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
		/s/ Steven Reinharz
	Name:	Steven Reinharz
	Title:	Chief Executive Officer

 

 

Exhibit 99.1

 

AITX Subsidiary RAD-R Introduces Groundbreaking Package Theft Prevention Feature in RADCam™ for Enhanced Residential Security

 

RADCam’s Latest Innovation Combines Intelligent Monitoring with Immediate Deterrence

 

Detroit, Michigan, December 3, 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 launch of a revolutionary new feature for RADCam, ‘Package Theft Prevention’. This innovative feature is designed to deter and respond to unauthorized package removal, making RADCam the first residential security camera to offer this level of proactive theft prevention.

 

Building on its core functionality, RADCam takes residential security to the next level by intelligently responding to package deliveries. Upon observing a package delivery, RADCam automatically notifies the homeowner or resident, ensuring that they’re informed in real time. Simultaneously, it activates a sophisticated monitoring routine, keeping a vigilant eye on the package. If any individual approaches the package without proper authorization, RADCam springs into action with its robust theft prevention protocols.

 

RADCam’s Package Theft Prevention feature provides homeowners with unmatched control over package security. If someone approaches a package for potential removal without proper authorization, RADCam promptly engages its theft prevention measures:

 

	●	Real-Time Warnings: RADCam issues a verbal warning to the individual, informing them that the package is under surveillance and must be approved by the homeowner to prevent further action.
	●	Instant Audible Alarm: Within seconds of detecting unauthorized package removal, a loud siren activates, drawing immediate attention to the scene.
	●	Owner Authorization: Homeowners can quickly authorize package handling through a voice passphrase or the RADCam app, offering both flexibility and convenience.

 

This feature is powered by RADCam’s advanced AI capabilities, built on AITX’s proprietary AIR™ (Autonomous Intelligent Response) technology, providing homeowners with both preventive and post-incident tools:

 

	●	Event Capture: RADCam captures a clear image of any individual removing the package and automatically logs it in the RADCam app’s event history. This enables quick identification and, if needed, easy sharing with law enforcement.
	●	AI-Agent Escalation: In certain situations and subscription models, RADCam’s AI agent can directly notify authorities, delivering key details about the incident to facilitate a swift response.

 

 

 

“Package theft is one of the most common and frustrating issues homeowners face, especially during the holiday season,” said Steve Reinharz, CEO/CTO of AITX and RAD-R. “With RADCam’s unique Package Theft Prevention feature, we’re providing homeowners with a solution that doesn’t just observe, it actively deters and protects. This level of proactive, intelligent security is a game-changer for residential applications.”

 

Package theft, commonly perpetrated by “porch pirates,” remains a significant concern in the United States. In 2023, approximately 119 million packages were reported stolen nationwide, marking a 5% increase from the previous year.¹ This surge resulted in an estimated $6 billion in losses.² Surveys indicate that about 14% of Americans experienced package theft in 2022, with the average value of stolen items being $112.30. Notably, suburban residents are 50.3% more likely to be victimized than urban dwellers and seven times more likely than those in rural areas.³ These statistics underscore the growing challenge of package theft across the country, highlighting the need for enhanced security measures and public awareness to protect deliveries.

 

The Company believes that RADCam is the first and only residential security camera to offer such an advanced, integrated package theft prevention solution. It combines cutting-edge AI, immediate deterrence, and seamless user control that redefines how residential security cameras handle one of the most common challenges for homeowners.

 

Cyber Sale Reminder

 

RADCam’s Cyber Sale is happening now! Don’t miss your chance to purchase RADCam units at exclusive discounts. Sale ends 11:59 PM ET on Tuesday, December 3. Visit www.radcam.ai to learn more and secure your RADCam today.

 

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

 

 

¹https://www.newsnationnow.com/crime/worst-cities-package-theft-2023/

²https://finance.yahoo.com/news/6th-annual-report-safewise-reveals-133600470.html

³https://capitaloneshopping.com/research/package-theft-statistics/

 

 

Cover	Dec. 03, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 03, 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

---