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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 20, 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 20, 2024, we will be issuing a press release titled “AITX To Discuss Exponential Growth During Upcoming ‘Ask Me
Anything’”, 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 20, 2024 |
ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS INC. |
|
|
|
|
|
/s/
Steven Reinharz |
|
Name: |
Steven
Reinharz |
|
Title: |
Chief
Executive Officer |
Exhibit
99.1
AITX
To Discuss Exponential Growth During Upcoming ‘Ask Me Anything’
AITX
Executives Steve Reinharz, Anthony Brenz, and Troy McCanna to Participate, hosted by Buffalo Fireside Chats
Detroit,
Michigan, February 20, 2024 -- Artificial Intelligence Technology Solutions, Inc., (the “Company”)
(OTCPK:AITX), a global leader in AI-driven security and productivity
solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), has been sharing sales and revenue results
that show exponential growth. Three top executives from AITX will participate and discuss what this means for the future of the Company.
The live discussion will be hosted by Eric Kemnitzer of the popular Buffalo
Fireside Chats on Sunday, March 3, 2024, at 12 noon Eastern Time.
Steve
Reinharz, CEO/CTO of AITX and RAD will be joined by AITX CFO Anthony (Tony) Brenz and Troy McCanna, Senior Vice President of Revenue
Operations at RAD as they discuss a wide array of issues related to AITX’s and RAD’s operations, the marketplace’s
accelerating adoption of their innovative technology, production backlog, organizational and sales pipeline growth, the Company’s
financial management, and the path towards potential cash flow positivity.
“We’re
very excited to conduct another AMA session with Buffalo Fireside Chats,” said Reinharz. “We will have just closed out our
fiscal year 2024 and I look forward to giving an update to our investors, followers, and fans. This session should be very informative
since I’ll be joined by Tony and Troy, sharing their perspectives on the Company’s financial outlook and the growing sales
pipeline.”
“Steve
has consistently proven himself to be a stellar guest, remarkably accessible, and one of the most transparent OTC CEOs we’ve had
the pleasure of interviewing,” commented Buffalo Fireside Chats’ Kemnitzer. “With his insightful perspectives and candid
approach, this upcoming session promises to be nothing short of exceptional. We eagerly anticipate delving into thought-provoking discussions
and gaining valuable insights into the exciting developments at AITX and RAD.”
AITX
continues to deliver on its commitment to clear communication and transparency with this AMA.
The
live interview will be streaming on YouTube Live at 12 noon Eastern
Time, Sunday, March 3, 2024. For those unable to tune in live, the recording will be made available for viewing at a later time. More
details regarding this will be provided through AITX’s official communication channels.
The
Company is presently accepting ‘Ask Me Anything’ questions. Interested parties are encouraged to submit their questions online
at http://tinyurl.com/5b5mpfhm.
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 this 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. As such, there are no assurances that the Company will meet its
expectations with respect to its future sales volume and becoming cash flow positive. 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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