Artificial Intelligence Technology Solutions Inc 8-K, filed Jul 12, 2023
Artificial Intelligence Technology Solutions Inc. (AITX)
About this 8-K
Artificial Intelligence Technology Solutions Inc filed this 8-K on July 12, 2023.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
| (Exact name of registrant as specified in its charter) |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| (Address of principal executive offices) |
| ( |
| (Registrant’s telephone number, including area code) |
| (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 July 12, 2023, we will be issuing a press release titled “AITX’s Subsidiary, Robotic Assistance Devices, Partners with GardaWorld Security Systems”, 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 | July 12, 2023 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: July 12, 2023 | ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC. | |
| /s/ Steven Reinharz | ||
| Name: | Steven Reinharz | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
AITX’s Subsidiary, Robotic Assistance Devices, Partners with GardaWorld Security Systems
Detroit, Michigan, July 12th, 2023 — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), and GardaWorld Security Systems, announced today their new partnership to offer RAD products to GardaWorld Security Systems customers in Canada.
“We are very excited to be partnering with RAD in deploying their AI-equipped robotic devices across Canada. RAD’s solutions offer a perfect bolt-on technology for our existing physical security clients to enhance situational awareness through AI,” said Scott Young, National Vice President at GardaWorld Security Systems & Technology.
This new partnership exemplifies GardaWorld Security Systems’ commitment to offering innovative technology. “AI applications have taken the security industry by storm in 2023 and we are very pleased to expand our product lineup to provide this new technology to our Canadian customers from a company that’s been building advanced AI tech for years,” added Young.
The Companies noted that this partnership is an expansion of GardaWorld’s existing authorized dealer agreement with RAD. GardaWorld Security Systems & Technology is now authorized to market RAD solutions throughout Canada.
“These products provide low-cost, AI-powered, remote video monitored solutions to enhance threat/event identification, including firearm detection, with automated and two-way voice communication capabilities,” concluded Young.
“At RAD, our focus is taking robotic devices that are powered by AI and solving security issues in a different way,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “This is a great step forward for both parties, but mostly important for our Canadian end-users that will soon benefit from RAD devices offered through GardaWorld.”
The Companies noted that focus will be on RAD’s ROSA and AVA security solutions. Folmer added, “RAD’s ROSA device, which stands for Responsive Observation Security Agent, delivers basic security services that were once reserved for security officers. And AVA, which stands for Autonomous Verified Access, is a workflow device. Think about that security officer at a gate, and those basic verification functions that can now performed done by a device.”
About GardaWorld Security Systems
GardaWorld Security Systems is part of GardaWorld’s Complete Security Solution, combining physical security with innovative security technology. GardaWorld is one of the largest privately owned security services and cash services companies in the world, offering physical security services, security systems and technology, end-to-end cash management solutions and security risk management, with Crisis24. We are the partner of choice for private enterprise, governments, humanitarian organizations, as well as multinationals. We are comprised of more than 132,000 dedicated and highly qualified professionals serving a diverse client base in North America, Africa, Asia and the Middle East. In the complex world within which we live, our reputation is based upon the quality of our services and the commitment and integrity of our personnel. For more information, visit www.securitysystems.garda.com.
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.
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 staffs 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.stevereinharz.com, www.radsecurity.com, www.radgroup.ai, and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.
MEDIA CONTACTS
AITX / Robotic Assistance Devices:
Steve Reinharz
949-636-7060
@SteveReinharz
GardaWorld Security Systems:
media@garda.com