Those who are interested in the artificial intelligence space at this point have a lot of options to look into, and one of those is Artificial Intelligence Technology Solutions Inc. This morning the company was in the news cycle after an announcement from its fully owned subsidiary unit, Robotic Assistance Devices Residential Inc (OTCPK:AITX). It may be a good time to take a look.
RADCam Update
On Friday, Robotic Assistance Devices announced that its product RADCam had been made available on both Walmart.com and Amazon, two of the biggest e-commerce platforms in the United States. In addition to that, it was also noted in the news release that next week the company’s TikTok store would also go live and the product would be available on that platform as well.
Key Details
The company went on to note that the availability of the product on those platforms would expand the accessibility and also take RADcam to a larger pool of consumers. As a consequence, it would be possible for the company to meet the needs of a fast growing cohort of tech savvy consumers. Moreover, the product was designed by Robotic Assistance Devices to cater to a diverse group of users like homeowners and renters among others.
CEO Quote
“RADCam should be as easy to purchase as it is to use, and reaching consumers through these popular online channels delivers a choice that consumers want,” said Steve Reinharz, CEO and CTO of AITX and RAD-R. “We’re very much looking forward to consumer response. We have a jump on the rest of the industry right now and will be listening keenly to feedback. We are certain we have the next evolution of the residential security device. The future of RADCam and AITX continues to look brighter than ever.”
Fundamentals
| P/E Ratio | -1.0900 |
| PEG Ratio | – |
| Price to Book | -0.64 |
| Price to Cash Flow | – |
| Price to Free Cash Flow | – |
| Total Sales (TTM) | 3.98 M |
| Revenue per Share (TTM) | 0.00 |
| Shares Outstanding | 11.912 B |
| Share Float (%) | 11,911.70 M (100.00%) |
| % Held by Institutions | 0.00 |
