Artificial Intelligence Technology Solutions Inc
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Company profile

Artificial Intelligence Technology Solutions Inc. is engaged in the delivery of artificial intelligence (AI) and robotic solutions for operational, security, and monitoring needs. The Company is focused on applying advanced AI-driven technologies, paired with multi-use hardware, and supported by custom software and cloud services, to intelligently automate and integrate a range of high-frequency security, concierge, and operational tasks. It owns and operates three wholly owned subsidiaries, which are Robotic Assistance Devices, Inc. (RAD I), Robotic Assistance Devices Group, Inc. (RAD G) and Robotic Assistance Devices Mobile, Inc. (RAD M). RAD I own the intellectual property related to RADSoC, RAD Mobile SOC, RADGuard, and their core operating architecture. RAD G is focused on the development of advanced software and electronics solutions. RAD M is focused on the development of autonomous mobile devices, both ground-based, and airborne. Its solutions are suited to various industries.

Closing Price
$0.0082
Day's Change
0.0003 (3.82%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.0082
Day's Low
0.0076
Volume
(Light)
Volume:
23,766,630

10-day average volume:
34,361,630
23,766,630

INVESTOR ACTION REMINDER: The Schall Law Firm Encourages Investors in Core Scientific, Inc. with Losses of $100,000 to Contact the Firm

9:11 am ET December 8, 2022 (Newsfile) Print

Los Angeles, California--(Newsfile Corp. - December 8, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Core Scientific, Inc. ("Core Scientific" or "the Company") (NASDAQ: CORZ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between January 3, 2022 and October 26, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before January 13, 2023.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Core Scientific suffered from increased power costs due in part to the expiration of a pricing agreement. The Company failed to provide hosting services to Celsius as required by contract. The Company created a surcharge not included in its contract to pass higher power costs on to Celsius. The Company was likely to face legal action from Celsius based on this alleged breach of contract. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Core Scientific, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com

Office: 310-301-3335

info@schallfirm.com

SOURCE:

The Schall Law Firm

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/147241

comtex tracking

COMTEX_420424275/2523/2022-12-08T09:11:40

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