Artificial Intelligence Technology Solutions Inc.

07/16/2026 | Press release | Distributed by Public on 07/16/2026 04:05

Order Expected to Add Approximately $45,000 in Recurring Monthly Revenue Under Three-Year Contract, with Potential for Additional Sites (Form 8-K)

Order Expected to Add Approximately $45,000 in Recurring Monthly Revenue Under Three-Year Contract, with Potential for Additional Sites

Detroit, Michigan, July 16, 2026 - Artificial Intelligence Technology Solutions, Inc. (the "Company") (OTCID:AITX), a developer and operator of AI-driven security and productivity solutions for enterprise clients, along with its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), today announced that RAD has received an order for five ROAMEO™ autonomous security patrol vehicles from a globally recognized mining and natural resources company for deployment at mining locations in South Africa. The order is for five ROAMEO priced at $9,000 per month for a 36-month term. If all five vehicles are deployed and each contract is performed for the initial term, the order would represent recurring monthly revenue (RMR) of approximately $45,000 and an aggregate contract value of $1.62 million. Definitive contracts for the ordered units have not yet been executed, and the order remains subject to contracting, deployment and customer acceptance.

Artist's depiction of a RAD ROAMEO autonomous security patrol vehicle operating within a large-scale mining environment.

The order is an important commercial step for ROAMEO and extends the Company's reach into large-scale international mining operations. The initial five-vehicle deployment is expected to demonstrate ROAMEO's ability to support autonomous patrol, perimeter visibility and incident response across demanding, geographically expansive operating environments.

"This is a great application for ROAMEO," said Steve Reinharz, CEO, CTO and founder of AITX and RAD. "There are many applications and we're excited that our network brought this one to order. It hasn't always been easy, but we stayed with it, kept improving the platform and never lost sight of the opportunity. Seeing ROAMEO selected for large-scale mining operations in South Africa validates the vision, the persistence and the work that brought us here. I believe this order marks the beginning of a much larger chapter for ROAMEO."

The Company is planning production capacity for the anticipated deployment. Deployment of the five ROAMEO units is expected to begin during calendar 2027, with the rollout schedule dependent upon execution of definitive contracts, manufacturing coordination, customer site preparation, international transportation, customs and import processing, final systems configuration and on-site commissioning.

Mining operations can span vast, complex areas encompassing perimeters, access roads, processing zones, storage areas and other critical environments. ROAMEO was designed for multi-unit deployments across large sites, supporting broader autonomous patrol coverage. RAD believes such deployments may create a path toward expanded fleets at individual locations and additional customer sites.

Additional information about ROAMEO and its broad spectrum of applications is available at www.radsecurity.com/roameo/.

About Artificial Intelligence Technology Solutions, Inc. (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and drive operational efficiency. Through its family of companies, including Robotic Assistance Devices, Inc. (RAD-I), Robotic Assistance Devices Mobile (RAD-M), Robotic Assistance Devices Group (RAD-G), and Robotic Assistance Devices Lanka (Private) Limited (RAD Lanka), AITX develops and delivers a broad range of AI-driven technologies and services designed to transform security, automation, and operational workflows across multiple industries.

Through its primary subsidiary, RAD-I, AITX is redefining the nearly $50 billion (US) security and guarding services industry1 with its AI-driven Solutions-as-a-Service model. RAD solutions are specifically designed to deliver cost savings of between 35% and 80% compared to traditional manned security and monitoring, utilizing a suite of stationary and mobile autonomous systems that complement, and in many cases replace, human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.

AITX is led by Steve Reinharz, CEO/CTO and founder of the Company and all RAD subsidiaries, who brings decades of experience in the security services industry. The broader AITX leadership and its subsidiaries draw on deep expertise across security, law enforcement, and robotics innovation, supporting the Company's ability to deliver proven, practical, and scalable solutions.

The Company's solutions are deployed across a wide range of industries including enterprises, government, transportation, critical infrastructure, education, and healthcare.

To learn more, visit www.aitx.ai, www.radsecurity.com, www.radm.ai, www.stevereinharz.com, www.radgroup.ai, www.saramonitoring.ai, and www.radlightmyway.com, or follow Steve Reinharz on X @SteveReinharz.

Artificial Intelligence Technology Solutions Inc. published this content on July 16, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 16, 2026 at 10:05 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]