Robotic Assistance Devices Announces Large Expansion Order Received from Fortune 50 Client

Henderson, Nevada, February 23, 2021 — Artificial Intelligence Technology Solutions, Inc., ( OTCPK:AITX ), today announced that its wholly-owned subsidiary Robotic Assistance Devices (RAD) has received its highest dollar value order commitment to date, a nine-unit Wally HSO order from a Fortune 500 company with the ultimate end-user being a renowned Fortune 50 global company.

Seven of the nine orders are in hand with the last two additional orders expected this week. These orders are from the logistics client that placed two Wally HSO units in service near the end of 2020 bringing their Wally HSO count to eleven. This particular client has several additional RAD units deployed throughout the country with dozens of additional units under contemplation.

“We are just days away from closing FY 2021 and it’s with great pleasure that I announce this substantial order from one of our most prestigious end-users,” said Steve Reinharz, Founder and President of RAD. “This order is validation of our Wally HSO solution, and the entire RAD ecosystem.”

The end-user had been evaluating the Wally HSO platform since November of 2020, verifying its performance in conducting and documenting routine required safety screening of employees entering mission critical facilities.

Wally HSO is one of RAD’s stationary solutions that allow end users to save significant expense while improving performance versus legacy solutions. The application of RAD’s solutions and the direction of Artificial Intelligence Technology Solutions, Inc. can be found at www.aitx.ai in the Autonomous Remote Services manifesto. Through RAD, AITX seeks to bring a significant paradigm change to the 1.1 million strong manned guarding industry.

“These orders mark the single largest dollar value order received since we started RAD and since this user opts to purchase these units there will be a significant positive impact on the company’s Q1 revenue and earnings,” Reinharz added. “The recurring monthly subscription revenue will begin after the first year.”

The company also stated that additional anticipated orders and dealer channel activity would be announced at a later date.

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.