Will The Rally Continue? Artificial Intelligence Technology Solutions, Inc., (OTCMKTS:AITX)

Artificial Intelligence Technology Solutions, Inc., (OTCMKTS:AITX) stock is trading higher in early trade on Monday.

Market Action

As of 9:41, AITX stock has jumped by 3.31% at $0.0654. The stock has traded 4.07 million shares, compared to its average volume of 61.52 million shares.  The stock opened at $0.0645 and moved in a range of $0.0634 – 0.0665.

AITX Releases News

Robotic Assistance Devices Secures New Orders, Signs Two New Dealers

  • announced that its wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received multiple new orders for the popular ROSA and Wally units. The company reports that 7 ROSA units and 2 Wally units have been ordered since the last announcement.
  • Although not named due to confidentiality agreements, the company indicated that the 2 Wally units will be deployed in Europe and have been ordered by an existing client expanding their European count to 3 Wally devices.
  • The 4 ROSAs are also repeat orders from one of RAD’s existing end-users in the construction industry. The remaining 3 ROSA units ordered are being deployed to a large retail shopping center and sold through a recently signed RAD authorized dealer.
  • RAD also reports 2 additional authorized dealers were recently signed, Pro Security Group servicing central and eastern Texas, plus one additional dealer servicing all of Canada. “RAD continues to attract and sign great new dealers,” said Mark Folmer, COO of RAD. “The addition of these two dealers continues RAD’s penetration into new territories and specialty markets. The more we keep adding new products and functionality to the line, the more the dealers and end-users want RAD,” Folmer concluded.

“We are so glad to see that our order volume is keeping pace with our manufacturing capacity. We’re gearing up for tremendous things with our new REX facility in Detroit and it will be humming,” said Steve Reinharz, Founder and President of RAD. “Six of these nine units are repeat orders, which means our dealers and end-users are absolutely experiencing the benefits and cost savings that RAD solutions deliver,” Reinharz added.

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