AITXs RAD reports record order intake for Q2 FY 2025 Page 1

The company closes the gap and achieves annual recurring revenue of over $10 million by the end of the fiscal year

Detroit, Mich., September 3, 2024 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), a global leader in AI-powered safety and productivity solutions, together with its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), announces that the second quarter of fiscal year 2025 was the best quarter ever in terms of orders.

During the three months ended September 30, RAD secured contracts for 172 units that, once deployed and accepted by the customer, are expected to generate monthly revenue of $212,000 (RMR), representing annual revenue of $2.544 million (ARR). This revenue is in addition to recurring remote monitoring contracts and one-time installation fees.