The Security Institute

Leaving Las Vegas: AITX's RAD Emerges Victorious from ISC West 2024, Unveiling Unprecedented Expansion Opportunities

Retrieved on:

Tuesday, April 16, 2024

PSP, RAD, The Security Institute, AVA, CPP, Traction, Artificial intelligence, Growth, RMR, Optimism, ISC, Biotechnology, ROSA, Health, Renewable energy

Detroit, Michigan, April 16, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), returned triumphant from its participation at ISC West 2024, marking a watershed moment in the Company's journey towards unparalleled growth and innovation. The annual gathering, renowned as the premier event for the security industry, served as a platform for RAD to showcase its cutting-edge lineup of AI-powered security and safety solutions and to forge lucrative connections with industry leaders and stakeholders. Following the successful event, RAD is thrilled to announce a wave of expansion opportunities and prospective contracts, illuminating a path towards extraordinary market penetration and influence across a diverse array of sectors. With a resounding testament to the power of innovation and strategic partnerships, RAD's presence at ISC West 2024 has initiated a seismic shift in the landscape of autonomous intelligent security, potentially propelling the Company towards unprecedented heights of success and prosperity.

Key Points:

“We go into every trade show with great optimism, but this ISC West surpasses all previous show appearances,” said Steve Reinharz, CEO of AITX and RAD.
“The confidence that the entire RAD team projected was well received by the clients and prospects we met with.
RAD President, Mark Folmer, CPP, PSP, FSyI, commented, “This was a remarkable ISC West for RAD, one for the history books.
RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.

Unprecedented Showcasing: AITX's RAD Sets Sights on ISC West with Featured Presentations and Exposure

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Thursday, April 4, 2024

Automation, Cobalt, Organization, Conference, The Security Institute, ROSA, International, Education, PSP, Artificial intelligence, RAD, Boston Dynamics, Robotics, Role, AVA, CPP, ISC, Medical device

Their presence at ISC West signifies RAD's commitment to advancing the industry through collaboration, knowledge-sharing, and proactive engagement with key stakeholders.

Key Points:

Their presence at ISC West signifies RAD's commitment to advancing the industry through collaboration, knowledge-sharing, and proactive engagement with key stakeholders.
RAD President, Mark Folmer, CPP, PSP, FSyI, commented, "The entire RAD team and I are absolutely thrilled to embark on ISC West once again.
Reinharz concluded, "Since our debut at ISC West in 2017, it's been incredible to witness the industry's enthusiastic embrace of RAD's innovations.
RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.

Singtel Awarded Frost & Sullivan's 2023 Singapore Company of the Year Award for Its Strong Industry Leadership Position in Cybersecurity Services

Retrieved on:

Saturday, March 30, 2024

The Security Institute, SOC, Organization, CSI, Frost, PSS, Intelligence, SAN, Glass, Queen bee, Architecture, MSS, PUA, Telecommunications, SME, Risk management

SAN ANTONIO, March 29, 2024 /PRNewswire/ -- Frost & Sullivan recently researched the cybersecurity services industry and, based on its findings, recognizes Singtel with the 2023 Singapore Company of the Year Award. Singtel is Singapore's major telecommunications provider that delivers comprehensive network-centric security solutions to safeguard businesses against unauthorized access, data breaches, and cyber threats through managed security services (MSS), professional security services (PSS), and the Singtel Cyber Security Institute (CSI), spanning all dimensions of cybersecurity to secure businesses' most critical digital assets.

Key Points:

Singtel is reputable in the cybersecurity services industry, driven by its robust investment in innovation, unwavering commitment to expanding cybersecurity service offerings, comprehensive security solutions, and premium support.
SAN ANTONIO, March 29, 2024 /PRNewswire/ -- Frost & Sullivan recently researched the cybersecurity services industry and, based on its findings, recognizes Singtel with the 2023 Singapore Company of the Year Award.
As a result, with its ever-growing customer base and strong leadership in the Singapore cybersecurity services industry, Singtel has successfully proved its market expertise and innovative character, compared to its closest competitors.
Industry analysts compare industry participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

Singtel Awarded Frost & Sullivan's 2023 Singapore Company of the Year Award for Its Strong Industry Leadership Position in Cybersecurity Services

Retrieved on:

Saturday, March 30, 2024

The Security Institute, SOC, Organization, CSI, Frost, PSS, Intelligence, SAN, Glass, Queen bee, Architecture, MSS, PUA, Telecommunications, SME, Risk management

SAN ANTONIO, March 30, 2024 /PRNewswire/ -- Frost & Sullivan recently researched the cybersecurity services industry and, based on its findings, recognizes Singtel with the 2023 Singapore Company of the Year Award. Singtel is Singapore's major telecommunications provider that delivers comprehensive network-centric security solutions to safeguard businesses against unauthorized access, data breaches, and cyber threats through managed security services (MSS), professional security services (PSS), and the Singtel Cyber Security Institute (CSI), spanning all dimensions of cybersecurity to secure businesses' most critical digital assets.

Key Points:

Singtel is reputable in the cybersecurity services industry, driven by its robust investment in innovation, unwavering commitment to expanding cybersecurity service offerings, comprehensive security solutions, and premium support.
SAN ANTONIO, March 30, 2024 /PRNewswire/ -- Frost & Sullivan recently researched the cybersecurity services industry and, based on its findings, recognizes Singtel with the 2023 Singapore Company of the Year Award.
As a result, with its ever-growing customer base and strong leadership in the Singapore cybersecurity services industry, Singtel has successfully proved its market expertise and innovative character, compared to its closest competitors.
Industry analysts compare industry participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

AITX’s RAD Expands Sales Outreach and Industry Visibility Leading Up to ISC West

Retrieved on:

Thursday, March 7, 2024

Detroit, Michigan, March 07, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a wholly owned subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is eagerly anticipating the opportunity to showcase its groundbreaking AI-powered security and safety solutions to diverse audiences at 2 upcoming regional conferences and one online webinar. From an exclusive IAHSS Great Lakes Chapter Meeting to the 2024 Healthcare Safety & Security Symposium, RAD is poised to present the transformative potential of its technology in shaping the future of security services. With a focus on Autonomous Remote Services and advanced Firearm Detection technology, RAD remains committed to delivering innovative solutions that address the evolving challenges faced by organizations across various sectors.

Key Points:

ISC West's reputation as the premier security trade event in the U.S. aligns perfectly with RAD's mission to drive innovation and shape the future of security technology.
At ISC West, taking place April 9-12 in Las Vegas, RAD will be participating in 3 discussion panels, 1 educational presentation and exhibiting in booth #20131.
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.

AITX’s RAD Deploys Record Number of Devices in February

Retrieved on:

Tuesday, March 5, 2024

AI, PSP, The Security Institute, RAD, CPP, ROSA, Theft, Area studies, Artificial intelligence, AVA, Mobile phone

Detroit, Michigan, March 05, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a wholly owned subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is proud to announce that February, 2024 was the biggest month in RAD’s history, in terms of devices that began invoicing. This milestone underscores RAD's continuing ability to grow revenues at an accelerating pace by increasing the number of devices billing month over month.

Key Points:

This milestone underscores RAD's continuing ability to grow revenues at an accelerating pace by increasing the number of devices billing month over month.
Steve Reinharz, CEO of AITX and RAD, expressed his enthusiasm for this achievement, stating, “This is one of many milestones important on our journey towards achieving operational profitability.
We continue to be focused on increasing the number of devices that can be built, deployed, and begin billing any given month.
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.

AITX's Subsidiary RAD Surpasses 400 Unit Fiscal Year Order Intake Milestone

Retrieved on:

Thursday, February 29, 2024

AI, PSP, The Security Institute, RAD, CPP, Artificial intelligence

Detroit, Michigan, Feb. 29, 2024 (GLOBE NEWSWIRE) -- 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 officially announced reaching a milestone of 400 device orders throughout its fiscal year, which concludes on February 29. With one additional day remaining before the fiscal year-end, RAD is poised to potentially surpass this significant achievement, further announcements are expected in the coming week.

Key Points:

With one additional day remaining before the fiscal year-end, RAD is poised to potentially surpass this significant achievement, further announcements are expected in the coming week.
This accomplishment by RAD is particularly notable given the global challenges faced by businesses over the past year.
Mark Folmer, CPP, PSP, FSyI, President of RAD, commented on reaching the milestone, “Hitting 400 orders is a clear indication of RAD’s leadership in the AI-driven security solutions market.
We are proud to play a pivotal role in defining the future of security and productivity with our innovative solutions.

AITX’s RAD Announces ATM Hook & Chain Attack AI Analytic

Retrieved on:

Thursday, February 15, 2024

Senior, AI, PSP, Attack, ATM, The Security Institute, Hook, RAD, CPP, Crime, Optimism, FBI, Area studies, Trust, Artificial intelligence, Theft, Cryptocurrency

Detroit, Michigan, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), today announced a significant addition to its suite of AI analytics. This innovation equips RAD's robotic security solutions with the capability to detect the rampant threat of Hook & Chain ATM attacks plaguing the banking industry. A Hook and Chain attack involves attaching one end of a chain or cable to an ATM and using a vehicle to exert force on the machine, usually by pulling the chain with the vehicle, with the objective of forcefully open the ATM's safe doors, allowing thieves to access the cash inside. With this development, RAD continues to lead the charge in providing cutting-edge security solutions tailored to meet the evolving challenges faced by financial institutions and other enterprise clients.

Key Points:

This innovation equips RAD's robotic security solutions with the capability to detect the rampant threat of Hook & Chain ATM attacks plaguing the banking industry.
Hook and chain attacks were the leading ATM crime, in which thieves steal the cash from an ATM machine and cause extensive property damage, sometimes with loss and damages approaching $500K per incident.
Mark Folmer, CPP, PSP, FSyI, President of RAD, added, “The Hook & Chain analytic was requested during discussions with a leading national bank with over 1000 branches.
We currently have highly satisfied banking clients who are eager to implement the ATM attack detection analytic.

Federal IT Security Institute's Certifications Receive DoD 8140 Directive Approval for the DoD Cybersecurity Workforce Framework (DCWF)

Retrieved on:

Wednesday, February 14, 2024

View the full release here: https://www.businesswire.com/news/home/20240214120131/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20240214120131/en/
FITSI's Certifications Receive DoD 8140 Directive Approval for the DoD Cybersecurity Workforce Framework (DCWF) (Graphic: Business Wire)
The approval encompasses four key FITSP certifications tailored to the specialized roles within the federal workforce: Auditor, Designer, Manager, and Operator.
The DoD 8140 Directive, outlining the roles, training, and qualifications for the Department of Defense's cybersecurity workforce, recognizes certifications that provide the necessary knowledge, skills, and abilities to perform critical cybersecurity functions.
FITSI's mission is to secure the nation's Federal Information Systems by certifying that Federal Workforce members understand and can apply appropriate Federal IT security standards.
The DoD Cybersecurity Workforce Framework (DCWF) is a structured system established by the Department of Defense to define, identify, and categorize the roles and responsibilities of cybersecurity personnel.

AITX’s RAD January SaaS Revenue Up 383%; Contracts In-Hand Break $500K Recurring Monthly Revenue Milestone as Strong Growth Continues

Retrieved on:

Monday, February 12, 2024

RMR, PSP, The Security Institute, RAD, CPP, Software as a service, Town hall, Artificial intelligence

Specifically, contracted (including deployed and contracted to-be-deployed) revenue derived from device rental (SaaS revenue) now surpasses $500,000 a month.

Key Points:

Specifically, contracted (including deployed and contracted to-be-deployed) revenue derived from device rental (SaaS revenue) now surpasses $500,000 a month.
Furthermore, the Company reports that January 2024 invoiced SaaS revenue was 383% greater than January 2023 invoiced revenue, coming in (unaudited) at $226K for the month.
On January 29, 2024, the Company announced that booked recurring monthly revenue (RMR) was up 476% over the previous year.
RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.