The artificial intelligence space continues to be one of the hottest sectors at the moment, and a company from the sector that may be worth your time is Artificial Intelligence Technology Solutions Inc. (OTC: AITX). Yesterday, the company was in significant focus after it made an announcement with regards to the development of an innovative product.
The Announcement
In the news release from the company, it was announced that it had managed to develop a high-tech humanoid security robot named HERO (Humanoid Enforcement and Response Officer). Artificial Intelligence Technology Solutions that the product would be another expansion in the physical forms in which its fully owned subsidiary unit Robotic Assistance Devices Inc. already delivers. HERO would be a strong addition to the group of hardware offered by RAD, like ROAMEO, AVA, RIO, and ROSA, among others.
Key Information
It should be noted that the product would be debuted at ISC West in Las Vegas in April 2025. Artificial Intelligence Technology Solutions announced that the product was being developed by RAD at this point and may be available commercially by the end of this year. It now remains to be seen if the latest development leads to further attention for the stock or not.
CEO Quote
“HERO is a continuation of AITX’s mission to improve safety, security, and efficiency while under cost pressures, exactly as the market is demanding,” said Steve Reinharz, CEO/CTO of AITX. “When ready for commercial deployment, we will have further solidified our offering as having unmatched utility through both our software and hardware.”
Fundamentals
| P/E Ratio | -1.3500 |
| PEG Ratio | – |
| Price to Book | -0.72 |
| 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 |
