Artificial Intelligence Technology Solutions Announces New Subsidiary Focused on Mobile Robotic Solutions

Artificial Intelligence Technology Solutions Announces New Subsidiary Focused on Mobile Robotic Solutions

HENDERSON, Nevada, September 18, 2020 — Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), is pleased to announce that it has created a new, wholly-owned subsidiary, Robotic Assistance Devices Mobile, Inc. (RAD-M) to develop, build and invest in a suite of mobile solutions for the autonomous remote services industry.

Robotic Assistance Devices Inc. (RAD), also a wholly-owned subsidiary of AITX will serve as RAD-M’s exclusive master distributor of finished product and will continue to invest in existing and new sales channels.

“RAD-M now has the resources and IP from RAD for ROAMEO and as-yet unannounced solutions. By concentrating specific R&D and design resources in RAD-M we can continue to invest new capital, attract and grow our world-class group of developers, engineers and designers and ultimately deliver class-defining solutions,” said Steven Reinharz, President and CEO of RAD and the new RAD-M. “This separation of our stationary and mobile solutions allows each business unit to fully concentrate on their primary missions which will result in streamlined development timelines.”

The company may post important information about its subsidiary RAD on its website at www.RoboticAssistanceDevices.com and through tweets from RAD/RAD-M President and CEO Steve Reinharz (https://twitter.com/SteveReinharz).

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, 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.