CORRECTED PRESS RELEASE FROM THE DECEMBER 12, 2023 PRESS RELEASE DISTRIBUTED TO THE PUBLIC IN THE MORNING OF DECEMBER 12, 2023.
Detroit, Michigan, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), today announced their Q3 FY 2024 order intake results. These results indicate significant growth in device orders and Recurring Monthly Revenue (RMR) compared to the same period last year. These results also underscore the Company’s continued progress in the AI-powered, security solutions market.
- These results indicate significant growth in device orders and Recurring Monthly Revenue (RMR) compared to the same period last year.
- These results also underscore the Company’s continued progress in the AI-powered, security solutions market.
- For the quarter ended November 30, 2023, RAD booked 144 devices on order, a 435% increase over the number of devices ordered in Q3 of FY2023 (33 units).
- RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream.