AITX’s RAD Reports Record Order Intake for Q2 FY 2025 Page 1

Company closes gap to achieve annual recurring revenue of more than $10 million by fiscal year end

Detroit, Michigan, September 3, 2024 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions, and its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), are pleased to announce that the second quarter of fiscal 2025 was the strongest quarter to date in terms of order intake.

During the three months ended September 30, RAD secured contracts for 172 units, which, upon implementation and customer acceptance, are expected to generate an estimated $212,000 in recurring monthly revenue (RMR), equating to $2.544 million in annual recurring revenue (ARR). Recurring remote monitoring contracts and one-time installation fees will contribute to this revenue.