If there is one sector that has rocketed in terms of investments and investor interest, it is the artificial intelligence (AI) sector. One of the companies involved in the sector for quite a while has been Artificial Intelligence Technology Solutions Inc. (OTC: AITX), and yesterday, an announcement was made with regards to Robotic Assistance Devices Inc. (RAD), its fully owned subsidiary unit.
The Announcement
It was announced in the news release that RAD continued to grow its presence in the healthcare space and had also continued to grow its clout in the AI-backed security solutions market. In the news release, the company announced that a top healthcare provider had ordered as many as 16 RIO 360 security towers for a total of 12 sites. However, more importantly, it was also stated that the healthcare provider also intended to expand the security towers to as many as 55 units spread across 23 locations.
Further Information
The company stated that the healthcare industry faced a range of evolving security threats from the parking zone to the emergency rooms. Moreover, the instances of violence against healthcare workers had also gone up. In such a situation, such security solutions could be a godsend.
Key Quote
“This is more than just surveillance,” said Mark Folmer, CPP, PSP, FSyI, President of RAD. “Hospitals need proactive security that stops incidents before they escalate. Our AI-driven solutions provide a visible deterrent, immediate response capabilities, and significant cost savings compared to traditional security models.”
Fundamentals
| P/E Ratio | -1.4000 |
| PEG Ratio | – |
| Price to Book | -0.75 |
| Price to Cash Flow | – |
| Price to Free Cash Flow | – |
| Total Sales (TTM) | 5.14 M |
| Revenue per Share (TTM) | 0.00 |
| Shares Outstanding | 13.309 B |
| Share Float (%) | 13,308.60 M (100.00%) |
| % Held by Institutions | 0.00 |
