AITX Announces Updated Plans for Robotic Security and Inspection Dog

Name of the Robotic Dog Also Revealed

Detroit, Michigan, July 27, 2022 — Artificial Intelligence Technology Solutions, Inc., ( OTCPK:AITX ), along with its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) today announced revisions to its plans and positioning for a robotic dog for the security services, logistics, utilities, and property management industries.

“We’re seeing a larger and more cost-conscious market emerge for a RAD dog,” said Steve Reinharz, CEO of AITX and RAD. “These market conditions have prompted our team to revise plans and develop a new dog, one that we are naming ‘CASSIE’. We are now going to bring an entry-level priced ‘junkyard dog’ to market, loaded with all the AI power that RAD has developed over the years.”

CASSIE™ (Crawling Autonomous Safety Security Inspection Equipment) is the latest officially announced addition to the RAD family of robotic security and safety solutions and marks the Company’s second mobile robot. CASSIE, being developed by AITX’s wholly owned subsidiary Robotic Assistance Devices, Mobile (RAD-M), will be produced in the US at the Company’s manufacturing facility in Detroit.

According to report by Allied Market Research, the global security and inspection robots market generated $940 million in 2020 and is expected to reach close to $14 billion by 2030. “The industries that we serve are now very hungry and enthusiastic for an affordable mobile RAD solution,” said Mark Folmer, President of RAD. “Just imagine a RAD ROSA being able to autonomously dispatch a quick-running, agile robot dog. Trespassers and intruders won’t stand a chance.”

Reinharz continued, “We are leveraging the substantial investments made in RAD’s proprietary autonomy technology developed over the course of the ROAMEO project and can now apply this to a much lower cost solution. CASSIE’s internal processing will be driven by RADPack Mini, just like what we’ve done with ROSA 3.0 and AVA 3.0.”

Further details, specifications, pricing, and availability for CASSIE will be announced over the coming months.

AITX has filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application.

Robotic Assistance Devices (RAD) is a high-tech start-up that delivers robotics and artificial intelligence-based solutions that empower organizations to gain new insight, solve complex security challenges, and fuel new business ideas at reduced costs. RAD developed its advanced security robot technology from the ground up including circuit board design, and base code development. This allows RAD to have complete control over all design elements, performance, quality, and the user’s experience of all security robots whether SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, ROAMEO™, CASSIE™, or RAD Light My Way™. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto, and request a copy of the recently published ‘Navigating the New Economy: Jobs & Automation, Challenges & Opportunities’.

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are “forward-looking statements” that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, to meet business and financial goals including projections and forecasts, and other risks. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations.

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 whatsoever that the Company will meet its expectations with respect to its future revenues, sales volume, recurring monthly revenue growth, and operational cash flow positivity. 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.

For purposes of the Company's disclosures, "Artificial Intelligence" refers to machine-based systems designed to operate with varying levels of autonomy that, for a given set of human defined objectives, can make predictions, recommendations, or decisions influencing real or virtual environments. In the context of the Company's business, Artificial Intelligence is deployed primarily within the security services and property management industries to support functions such as detection, analysis, prioritization, communication, and response related to safety, security, and operational events.

The Company delivers these capabilities principally through its SARA™ (Speaking Autonomous Responsive Agent) platform, which serves as the Company's primary agentic artificial intelligence system. SARA is designed to receive and process video, audio, and other sensor data, apply automated analysis and inference, and support actions in accordance with predefined operational objectives and human oversight.

Further note that the Company's Board of Directors oversees the Company's deployment of Artificial Intelligence.