The artificial intelligence sector has grown at a remarkable rate over the course of the past few years and it is expected to grow over the coming years. In such a situation, it is only natural for investors to look for companies that may be doing good work and one of the companies that one could consider looking into is Artificial Intelligence Technology Solutions (OTCMKTS:AITX).
This morning the company was in the news after the emergence of some significant news with regards to the company’s fully owned subsidiary unit Robotic Assistance Devices. It emerged that Robotic Assistance Devices had not only got a new authorized deal in the United Kingdom but also managed to bag an order for its ROSA security robot.
In the past months, Robotic Assistance Devices has been able to accomplish a lot with regard to new orders and this move is expected to come as a significant boost to the parent company, Artificial Intelligence Technology Solutions. The new authorized dealer in the United Kingdom expanded the total number of such dealers for Robotic Assistance Devices to as many as 40. The authorized dealers cover some of the most important markets like the United States, Canada, the European Union, and now the United Kingdom.
The Chief Executive Officer of Robotic Assistance Devices Steven Reinharz spoke about the latest development as well and noted how the products from Robotic Assistance Devices could prove to be popular in these markets.
He stated that the markets in Europe had been craving for the sort of solutions that are offered by Robotic Assistance Devices and more importantly, these products are made available at a lower cost as well. He went on to state that the company was going to create a pool of Europe-based authorized dealers so that the market size eventually matches that of the United States.
