Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) Stock Jumps: Company Gets New Order

March 3, 2022March 3, 2022 Ash K $AITX, $AITX news, $AITX stock, $Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX), $OTCMKTS:AITX

Shares of Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) closed higher in the previous session.

Market Stats

On Wednesday, AITX stock moved up 1.80% to $0.0171 with more than 22.65 million shares, compared to its average volume of 35.12 million shares. The stock moved within a range of $0.0162 – 0.0179 after opening trading at $0.0169.

Prudential Alarm Signs on as New Dealer for Robotic Assistance Devices and Places ROSA Order

Artificial Intelligence Technology Solutions, Inc (OTCMKTS:AITX)., made an announcement on March 02, 2022 that their wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has signed on Prudential Alarm as a new authorized dealer. They have already received an order for multiple security robots from this new dealer.

Prudential Alarm has formed relationships with some of the biggest commercial real estate operators and multi-family housing providers in the US, along with numerous manufacturing facilities and 3rd tier automotive suppliers. The company has identified many opportunities for applications for RAD’s ROSA and AVA security solutions related to autonomous remote services and verified access control.

ROSA is a compact, self-contained, security and communication solution that can be deployed in about 15 minutes. It just needs power as it includes all necessary communications hardware. ROSA’s AI-driven security analytics involve human and vehicle detection, license plate recognition, responsive digital signage and audio messaging, and complete integration with RAD’s software suite notification and response library. Two-way communication is optimized for cellular, including live video from ROSA’s dual high-resolution, full-color, always-on cameras.

Mark Folmer, President of RAD, is extremely hopeful about the deal with Prudential, as he feels their team and client base is highly impressive. Greg Wier, VP of Prudential Alarm, is equally thrilled about RAD products being a game changer for the security industry.

Traders Corner

AITX stock is trading below the 20-Day and 50-Day Moving averages of $0.0178 and $0.0184 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0365.