Artificial Intelligence Tech Solutions Inc (OTCMKTS:AITX) has announced that Robotic Devices Assistance Inc, its wholly-owned subsidiary, has received orders for 12 units of a stationary product line from end-users and dealers.
The orders include 8 ROSA180 units, 1 Wally, 1 Wally HSO unit, and 2 AVA devices. According to Mark Folmer, the president of RAD, a client has ordered 6 Wally HSO units. Each Wally HSO unit performs the work previously done by a security guard. This proves that the labor shortage has also affected RAD’s clients and increased activity for the company. The labor shortage saw companies turn to integrated guarding.
RAD is a high-tech company that provides Artificial Intelligence (AI)-based solutions and robotics, enabling businesses to solve security challenges, gain new insight and come up with new business ideas at a low cost.
The company created its advanced robot technology from scratch, including base code development and circuit board design. As a result, RAD has total control over the quality, design elements, user experience and performance of its security robots such as SCOTTM, WALLYTM, ROSA180TM, AVATM, Wally HOTM and ROAMEOTM.
Market Reaction:
On Monday, AITX stock gained 0.38% at $0.0396 with more than 14.80 million shares, compared to its average volume of 32.03 million shares. The stock has moved within a range of $0.0390 – 0.0440 after opening the trade at $0.0400.
