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Artificial Intelligence Technology Solutions (OTCMKTS:AITX) Stock Falls 17% in a Week

Pete Matthews , , , ,

Robotic Assistance Devices, subsidiary of Artificial Intelligence Technology Solutions (OTCMKTS:AITX), on August 2, 2021, announced receiving 10-unit order from the signed authorized dealer, St Moritz Security Services, Inc.

Matthew Schwartz, CEO at St. Moritz, said that the order brings total units from RAD to 16 in just some months, and adding RAD as a solutions provider was a good choice for the company and its clients.

Though specifics of the agreement was not revealed the firm confirmed that ten units are ROSA180 devices, which will be deployed at 3 of St. Moritz’ clients, a high-end retail center, a property management group, and a group of cemetery locations in the Midwest.

Jordan Lippel, VP of Security Solutions of RAD, said that the company had anticipated great results from the relationship but now confirms much is on the anvil.

The company achieved more than $110 million in annual revenue the previous year, making it one of the largest American-owned security companies in the country and also amongst the top 2% of all security companies worldwide.

Brad Zellers, President of BSN Security, LLC, said that the firm is looking forward to bringing clients as well as prospects of RAD’s amazing lineup of security solutions. Zellers said that the firm is expecting a number of immediate orders from Arizona-based construction companies currently struggling with a surge in trespassing as well as theft on their construction sites.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.