Artificial Intelligence Technology Solutions, Inc., ( OTCPK:AITX ), a global leader in AI-driven security and productivity solutions for enterprise clients, is pleased to announce that it has applied to upgrade its position in the public markets and increase its visibility to a wider range of investors by up-listing its common shares listed for trading from the OTC Pink Open Market to the OTCQB market (the “OTCQB”), a U.S. trading platform that is operated by the OTC Markets Group in New York.
“The incredible community of AITX shareholders, fans and supporters have overwhelmingly been looking forward to this day,” said Steve Reinharz CEO of AITX. “I hope we get through the process quickly and I hope that the QB can bring additional investors and liquidity to our company.”
The OTCQB is the premiere marketplace for early stage and developing U.S. and international companies that are committed to providing a high-quality trading and information experience for their U.S. investors. Companies must be current in their financial reporting to undergo an annual verification and management certification process, including meeting a minimum bid price and other financial conditions. The OTCQB quality standards provide a strong baseline of transparency as well as the technology and regulation to improve the information and trading experience for investors. The OTCQB is recognized by the US Securities and Exchange Commission as an established public market providing public information for analysis and value of securities.
The listing of the Company’s common shares on the OTCQB remains subject to the approval of the OTCQB. Future announcements will be made regarding the status of the OTCQB application.
AITX through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the $25 billion (US) security and guarding services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model. RAD solutions are specifically designed to provide a cost savings to businesses of between 35%-80% when compared to the industry’s existing and costly manned security guarding and monitoring model. RAD delivers this tremendous costs savings via a suite of stationary and mobile robotic solutions that complement, and at times, directly replace the need for human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software platforms are developed in-house.