Innovative Talking Camera Integrates AI-Powered Communication, Setting New Standards for Home Security Solutions

Detroit, Michigan, August 21, 2024 – Robotic Assistance Devices Residential, Inc. (RAD-R), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions, today announced that online pre-orders for its highly anticipated RADCam ™ will begin in mid-September.

Developed by RAD-R, this advanced residential and small business security solution is poised to redefine market standards, offering a significant leap forward in home security technology and potentially outpacing legacy competitors.

The Company has opted to open pre-orders in response to overwhelming interest and inquiries from potential customers eager to secure the RADCam ahead of its official release. By launching pre-orders in mid-September, RAD-R aims to place this innovative security solution into customers’ hands in time for the holiday shopping season, positioning RADCam as a must-have gift for tech-savvy homeowners and small business owners.

“We’re absolutely thrilled to bring RADCam to the B2C and SMB markets,” said Steve Reinharz, CEO/CTO of AITX and RAD-R. “This is an incredible step forward for us, and we’re confident that RADCam will revolutionize home and small business security. The overwhelming interest we’ve received speaks volumes about the demand for a truly innovative security solution like RADCam. We can’t wait to see how it empowers our customers and sets a new standard in the industry.”

Details including pricing, availability, and links to the online stores where RADCam can be pre-ordered will be released soon. The Company plans to provide further information in the coming weeks, ensuring that interested customers have everything they need to secure their RADCam during the pre-order period.

Reinharz concluded, “We anticipate that RADCam’s pre-orders and subscription fees could make a meaningful contribution to AITX’s Q3 of FY 2025, further strengthening our recurring revenue stream. The combination of cutting-edge technology and a subscription model ensures that our customers receive continuous value, while also supporting the Company’s growth and profitability.”

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.