RAD Secures Expansion Order from Top 25 Healthcare Provider

Detroit, Michigan, July 11, 2024

Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), is pleased to announce that it has secured an expansion order from a prominent healthcare provider ranked in the top 25 nationwide. This order builds on the initial deployment of RAD’s RIO™ 360 solar-powered security towers earlier this year.

The specifics of the new order, including the number of units and financial details, remain confidential. However, this significant follow-up order underscores the growing trust and reliance on RAD’s cutting-edge security solutions by leading healthcare organizations.

“The healthcare industry’s ongoing investment in RAD’s technology is a testament to the value we bring in enhancing security and safety,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “This expansion order further validates our commitment to driving technological advancements that make a meaningful difference. We are excited to strengthen our presence in the healthcare market.”

The Company also noted that the client intends to deploy RAD Light My Way™ as part of their ongoing expansion. RAD Light My Way is an integrated mobile app and hardware solution designed to enhance user safety and security. This innovative system empowers users by providing instant access to emergency services, real-time threat detection, and the ability to summon assistance through nearby RAD devices. This addition aims to significantly boost the overall security infrastructure, ensuring that healthcare workers feel safe and protected, especially when moving to and from parking areas.

According to the American Hospital Association, there are 6,120 hospitals in the United States as of 2024[i]. Concerns about safety among hospital workers, especially when alone in parking lots, are significant. A recent report highlighted that healthcare workers frequently face threats and violence, with incidents in parking areas being common.[ii] Hospitals are responding by enhancing security measures, including increased surveillance technology to protect staff when walking to and from their cars.[iii]

AITX, through its subsidiaries, Robotic Assistance Devices, Inc. (RAD), RAD-R, RAD-M and RAD-G 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. 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.

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.

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.