Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) Stock On Radar After Latest News
Global leader in AI-driven security and productivity solutions for enterprise clients, Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX), on May 2, 2023, announced that the wholly owned subsidiary, Robotic Assistance Devices, Inc, has done a contract for furnishing several robots to appear in amajor television network series.
Trading Data
On Tuesday, AITX stock fell 0.39% to $0.0064 with more than 16.03 million shares, compared to its average volume of 26.64 million shares. The stock moved within a range of $0.0062 – 0.0067 after opening trade at $0.0067.
AITX’s Subsidiary, Robotic Assistance Devices, Contracted to Supply Robots to Major Network TV Series
Steve Reinharz, CEO of AITX and RAD said that the incredible robotic technology has again caught the attention of Hollywood productions. The CEO added that three upcoming movies, including the much-awaited Blue Beetle, will have RAD’s ROAMEO, ROSA, and SCOT.
The prime-time television series will be released in early June 2023. It will have a number of RAD’s robots interacting with cast members. The network gets 3.5 – 5 million US viewers during its anticipated prime-time schedule and the firm is expecting international distribution of series to expand viewership.
Reinharz added that it is a significant opportunity for RAD and will support the entirety of the production schedule. RAD has permission to promote as well as share images and video clips of the RAD robots in-studio and on-set.
AITX, through its subsidiary, Robotic Assistance Devices, is changing the $25 billion (US) security and guarding services industry. RAD solutions are designed for providing cost savings to businesses between 35%-80% vis-à-vis the industry’s existing and costly manned security guarding.
