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): January 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)

 

[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 January 3, 2025, we will be issuing a press release titled “AITX’s RADCam Now Available on Amazon, Walmart.com; Available on TikTok Next Week”, 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		January 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: January 3, 2025	ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
		/s/ Steven Reinharz
	Name:	Steven Reinharz
	Title:	Chief Executive Officer

 

 

 

Exhibit 99.1

 

AITX’s RADCam Now Available on Amazon, Walmart.com; Available on TikTok Next Week

 

Major Online Platforms Open New Opportunities for RADCam’s Revolutionary Home Security Technology

 

Detroit, Michigan, January 3, 2025 — Robotic Assistance Devices Residential, Inc. (RAD-R), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”), (OTCPK:AITX) is thrilled to announce RADCam’s availability on now on Amazon and Walmart.com, with the TikTok store going live sometime next week. These platforms provide unparalleled reach and accessibility, allowing RAD-R to meet the needs of a growing audience of tech-savvy consumers. RADCam is designed to appeal to a wide range of users, from homeowners seeking to enhance security to renters and others prioritizing peace and safety in their living spaces.

 

Initially, RADCam orders on Amazon will be fulfilled directly by RAD-R. However, Amazon Prime features will be live sometime next week, including fulfillment by Amazon and return handling. To support this rollout, RAD-R is shipping a starting quantity of 1,000 RADCams to Amazon for distribution at warehouses around the country.

 

“RADCam should be as easy to purchase as it is to use, and reaching consumers through these popular online channels delivers a choice that consumers want,” said Steve Reinharz, CEO and CTO of AITX and RAD-R. “We’re very much looking forward to consumer response. We have a jump on the rest of the industry right now and will be listening keenly to feedback. We are certain we have the next evolution of the residential security device. The future of RADCam and AITX continues to look brighter than ever.”

 

RADCam, which the Company believes to be the world’s first camera capable of conversational interaction, eliminates repetitive and nuisance notifications by leveraging AITX’s proprietary AIR™ (Autonomous Intelligent Response) technology. This ensures users receive only relevant and actionable alerts, redefining the capabilities of home security cameras while enhancing safety and convenience.

 

Expanding RADCam’s availability to major online marketplaces such as Amazon and Walmart.com, as well as popular social media platforms like TikTok, significantly enhances its accessibility and aligns with current consumer purchasing trends. Amazon remains the dominant force in online retail, with 87% of consumers turning to the platform when ready to make a purchase.¹ Walmart.com also holds a substantial share of the e-commerce market, ranking second in U.S. retail e-commerce sales with an estimated $83.18 billion in 2024.² Additionally, the rise of social commerce is notable, with platforms like TikTok Shop achieving $1 billion in monthly U.S. sales and $100 million on Black Friday alone.³ By offering RADCam through these channels, the Company is meeting consumers where they prefer to shop, thereby broadening its market reach and catering to evolving purchasing behaviors.

 

RADCam is now available for purchase on Amazon, Walmart.com and soon TikTok, as well as directly through www.radcam.ai. Discover how this groundbreaking technology can redefine security and convenience for your home or property.

 

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-I, 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.stevereinharz.com, www.radgroup.ai, www.raddog.ai, www.radcam.ai, and www.radlightmyway.com, or follow Steve Reinharz on X/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.prnewswire.com/news-releases/amazon-remains-the-top-marketplace-for-consumer-shopping-according-to-feedvisors-2022-consumer-behavior-report-301637325.html

² https://www.emarketer.com/content/5-key-stats-how-consumers-shopped-amazon-walmart-tiktok-shop-q1/

³ https://www.businessinsider.com/how-tiktok-shop-is-changing-e-commerce/

 

 

Cover	Jan. 03, 2025
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jan. 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

---