Latest news with #SteveReinharz
Globe and Mail
6 days ago
- Business
- Globe and Mail
AITX Signs $5 Million Revolving Credit Term Sheet to Fuel Momentum
Due Diligence Completed with Experienced Lending Partner as Company Moves Towards Non-Dilutive Financing to Support Sales Growth Detroit, Michigan--(Newsfile Corp. - July 17, 2025) - Artificial Intelligence Technology Solutions, Inc. (OTCID: AITX) (the "Company"), a global leader in AI-driven security and productivity solutions, today announced that CEO and Steve Reinharz has signed a term sheet, subject to a definitive executed agreement, outlining a revolving credit facility of up to $5 million. The facility, once finalized, will be provided by a well-established lender with more than 20 years of operating history. The term sheet was executed following extensive due diligence completed by both parties as well as several term sheet adjustments prior to mutual acceptance. To view an enhanced version of this graphic, please visit: The proposed facility is structured with an interest rate of approximately 14% plus related fees, featuring interest-only payments plus fees for the first year. This arrangement, once completed, is expected to offer AITX flexible access to growth capital without the immediate burden of principal repayment. "Careful selection and negotiation lead us to this point with this lender. The credit facility, when closed, will allow us to build inventory and finished goods without the need to fund inventory from stock sales to our institutional investor commonly understood as dilution," commented Reinharz. "I appreciate the diligence both parties demonstrated throughout this process, and we hope to announce completion of this deal in the next few weeks." Investors and stakeholders interested in learning more about AITX, its subsidiaries, and its strategic growth plans are encouraged to download the Company's latest Corporate Profile, available at AITX, through its primary subsidiary, Robotic Assistance Devices, Inc. (RAD-I), is redefining the nearly $50 billion (US) security and guarding services industry [1] through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD-I 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-I delivers these 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-I technologies, AI-based analytics and software platforms are developed in-house. The Company's operations and internal controls have been validated through successful completion of its SOC 2 Type 2 audit, reinforcing the Company's credibility with enterprise and government clients who require strict data protection and security compliance. 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. 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 and or follow Steve Reinharz on X @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.
Yahoo
6 days ago
- Business
- Yahoo
AITX Signs $5 Million Revolving Credit Term Sheet to Fuel Momentum
Due Diligence Completed with Experienced Lending Partner as Company Moves Towards Non-Dilutive Financing to Support Sales Growth Detroit, Michigan--(Newsfile Corp. - July 17, 2025) - Artificial Intelligence Technology Solutions, Inc. (OTCID: AITX) (the "Company"), a global leader in AI-driven security and productivity solutions, today announced that CEO and Steve Reinharz has signed a term sheet, subject to a definitive executed agreement, outlining a revolving credit facility of up to $5 million. The facility, once finalized, will be provided by a well-established lender with more than 20 years of operating history. The term sheet was executed following extensive due diligence completed by both parties as well as several term sheet adjustments prior to mutual acceptance. To view an enhanced version of this graphic, please visit: The proposed facility is structured with an interest rate of approximately 14% plus related fees, featuring interest-only payments plus fees for the first year. This arrangement, once completed, is expected to offer AITX flexible access to growth capital without the immediate burden of principal repayment. "Careful selection and negotiation lead us to this point with this lender. The credit facility, when closed, will allow us to build inventory and finished goods without the need to fund inventory from stock sales to our institutional investor commonly understood as dilution," commented Reinharz. "I appreciate the diligence both parties demonstrated throughout this process, and we hope to announce completion of this deal in the next few weeks." Investors and stakeholders interested in learning more about AITX, its subsidiaries, and its strategic growth plans are encouraged to download the Company's latest Corporate Profile, available at AITX, through its primary subsidiary, Robotic Assistance Devices, Inc. (RAD-I), is redefining the nearly $50 billion (US) security and guarding services industry[1] through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD-I 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-I delivers these 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-I technologies, AI-based analytics and software platforms are developed in-house. The Company's operations and internal controls have been validated through successful completion of its SOC 2 Type 2 audit, reinforcing the Company's credibility with enterprise and government clients who require strict data protection and security compliance. 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. 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 and or follow Steve Reinharz on X @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 Reinharz949-636-7060@SteveReinharz [1] To view the source version of this press release, please visit
Yahoo
15-07-2025
- Business
- Yahoo
AITX's RAD Continues Recurring Revenue Growth and Updates Operational Positive Cash Flow Expectations
RIO, ROSA and AVA Orders Advances Q2 Growth as Company Looks to Add $120K to $200K in New Recurring Revenue this Quarter, Nearing Operational Profitability Detroit, Michigan--(Newsfile Corp. - July 15, 2025) - Artificial Intelligence Technology Solutions, Inc. (OTCID: AITX) (the "Company"), today announced that it expects to add between $120,000 and $200,000 in new recurring monthly revenue (RMR) during the second quarter of its fiscal year 2026, ending August 31. This projected growth is supported, in part, by a new order of seven RIO™ 360 solar-powered security towers, placed by a top 25 U.S. healthcare provider through the Company's wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), in addition to numerous other orders received since the start of the quarter. To view an enhanced version of this graphic, please visit: The Company confirmed that this increase in recurring revenue substantially narrows the gap to operational cash flow profitability, now anticipated in the third fiscal quarter covering September through November 2025. AITX attributes this progress to steady sales growth across its product lines, led by RIO 360 and supported by expanding adoption in key sectors, including healthcare, education, and logistics. The new order from a leading healthcare provider adds to the dozens of RIO units the client has already deployed across its network of facilities. This latest deployment reflects both the client's satisfaction with RAD's performance and its continued strategy of replacing legacy security technologies with RAD's autonomous, AI-powered solutions. The seven additional RIO 360 towers will expand coverage at multiple locations, enhancing safety and security while contributing to the Company's recurring revenue base. "Our growth in recurring revenue reflects the trust our clients are placing in RAD solutions and the progress we're making toward operational profitability," said Steve Reinharz, CEO and CTO of AITX and RAD. "Orders like this one continue to build our RMR foundation, driving the financial stability and scale necessary to support long-term success. We're closing in on a critical milestone and remain focused on executing our strategy." The Company issues press releases only for material or substantial sales orders. An updated summary of recent sales activity and deployments is expected soon, providing a consolidated view of AITX's growing presence across multiple sectors and product lines. RMR is money earned from customers who pay for a subscription to a service or product. The Company's solutions are generally offered as a recurring monthly subscription, typically with a minimum 12-month subscription contract. AITX, through its primary subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the nearly $50 billion (US) security and guarding services industry1 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 these 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. The Company's operations and internal controls have been validated through successful completion of its SOC 2 Type 2 audit, reinforcing the Company's credibility with enterprise and government clients who require strict data protection and security compliance. 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. 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 and 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, including the above statement that "the Company expects to add between $120,000 and $200,000 in new recurring monthly revenue (RMR) during the second quarter of its fiscal year 2026, ending August 31." 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 To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
27-06-2025
- Business
- Globe and Mail
AITX Creates Times Square Buzz with Bold Promotion of Its Security Robots
A Little Mischief in Manhattan Designed to Draw Eyes to Its Breakthrough Security Technology Detroit, Michigan--(Newsfile Corp. - June 27, 2025) - On Friday, June 27, Times Square will get a surprise guest appearance from a missing dog, a wanted robot, and a curious crowd. Artificial Intelligence Technology Solutions, Inc. (OTC Pink: AITX) (the "Company") , the Company behind some of the most advanced AI-based autonomous security robots on the market, is taking its message straight to the streets of New York with a bold visibility campaign designed to stop pedestrians, spark conversation, and draw attention from curious onlookers and the press. Artist's depiction of the future of security, AITX's HERO and RADDOG LE2, casually blending in with 400,000 tourists in Times Square. To view an enhanced version of this graphic, please visit: AITX CEO Steve Reinharz is expected to go live from Times Square at 12:30 PM ET on Friday, June 27 via X (formerly Twitter). The livestream will offer a firsthand look at the campaign's impact, share insights into the Company's approach to public engagement, and maybe even track down a missing robot or two. The campaign features missing dog posters that don't bark and wanted signs for a robot that hasn't technically done anything wrong. It's all part of AITX's creative push to spotlight its robotic security solutions, including RADDOG ™ LE2 and the recently revealed humanoid known as HERO ™ (Humanoid Enforcement & Response Officer). There's no booth, no handouts, and no one dressed as a mascot. Just curiosity, a few QR codes, and a growing number of people asking what AITX is really up to. For those looking to understand the full scope of the Company's ambitions, the AITX Company Profile is now available for download. "We're always looking for creative ways to earn attention without spending millions," said Steve Reinharz, CEO/CTO and founder of AITX. "This campaign is about sparking curiosity, starting conversations, and pulling new eyeballs into our world of autonomous security. Sometimes the smartest move is to surprise people, make them look twice, and let word of mouth do the rest." The Company expects the campaign to generate strong visibility among both the general public and media outlets, with social sharing and word of mouth doing much of the heavy lifting. Both HERO and RADDOG LE2 are currently in development, with availability anticipated later in 2025. This marks their first unofficial public appearance, offering a glimpse at what the Company believes will become headline-making additions to the evolving world of security automation. To explore AITX's full vision and progress, the Company invites investors and media to download the AITX Company Profile. New Yorkers, keep your eyes open. If you spot a robotic dog or a humanoid robot wandering through Times Square, snap a photo, scan the QR code, and help us track them down. HERO and RADDOG LE2 have gone missing, and we could use a few million eyes to find them. AITX, through its primary subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the nearly $50 billion (US) security and guarding services industry 1 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 these 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. The Company's operations and internal controls have been validated through successful completion of its SOC 2 Type 2 audit, reinforcing the Company's credibility with enterprise and government clients who require strict data protection and security compliance. 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-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 and or follow Steve Reinharz on X @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.
Yahoo
27-06-2025
- Business
- Yahoo
AITX Creates Times Square Buzz with Bold Promotion of Its Security Robots
A Little Mischief in Manhattan Designed to Draw Eyes to Its Breakthrough Security Technology Detroit, Michigan--(Newsfile Corp. - June 27, 2025) - On Friday, June 27, Times Square will get a surprise guest appearance from a missing dog, a wanted robot, and a curious crowd. Artificial Intelligence Technology Solutions, Inc. (OTC Pink: AITX) (the "Company") , the Company behind some of the most advanced AI-based autonomous security robots on the market, is taking its message straight to the streets of New York with a bold visibility campaign designed to stop pedestrians, spark conversation, and draw attention from curious onlookers and the press. Artist's depiction of the future of security, AITX's HERO and RADDOG LE2, casually blending in with 400,000 tourists in Times view an enhanced version of this graphic, please visit: AITX CEO Steve Reinharz is expected to go live from Times Square at 12:30 PM ET on Friday, June 27 via X (formerly Twitter). The livestream will offer a firsthand look at the campaign's impact, share insights into the Company's approach to public engagement, and maybe even track down a missing robot or two. The campaign features missing dog posters that don't bark and wanted signs for a robot that hasn't technically done anything wrong. It's all part of AITX's creative push to spotlight its robotic security solutions, including RADDOG™ LE2 and the recently revealed humanoid known as HERO™ (Humanoid Enforcement & Response Officer). There's no booth, no handouts, and no one dressed as a mascot. Just curiosity, a few QR codes, and a growing number of people asking what AITX is really up to. For those looking to understand the full scope of the Company's ambitions, the AITX Company Profile is now available for download. "We're always looking for creative ways to earn attention without spending millions," said Steve Reinharz, CEO/CTO and founder of AITX. "This campaign is about sparking curiosity, starting conversations, and pulling new eyeballs into our world of autonomous security. Sometimes the smartest move is to surprise people, make them look twice, and let word of mouth do the rest." The Company expects the campaign to generate strong visibility among both the general public and media outlets, with social sharing and word of mouth doing much of the heavy lifting. Both HERO and RADDOG LE2 are currently in development, with availability anticipated later in 2025. This marks their first unofficial public appearance, offering a glimpse at what the Company believes will become headline-making additions to the evolving world of security automation. To explore AITX's full vision and progress, the Company invites investors and media to download the AITX Company Profile. New Yorkers, keep your eyes open. If you spot a robotic dog or a humanoid robot wandering through Times Square, snap a photo, scan the QR code, and help us track them down. HERO and RADDOG LE2 have gone missing, and we could use a few million eyes to find them. AITX, through its primary subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the nearly $50 billion (US) security and guarding services industry1 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 these 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. The Company's operations and internal controls have been validated through successful completion of its SOC 2 Type 2 audit, reinforcing the Company's credibility with enterprise and government clients who require strict data protection and security compliance. 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-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 and or follow Steve Reinharz on X @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 Reinharz949-636-7060@SteveReinharz 1 To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
