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Artificial Intelligence Technology Solutions Inc. (OTCMKTS:AITX) Subsidiary Signs Global Guardian as New Dealer

Pete Matthews , , , ,

Artificial Intelligence Technology Solutions Inc. (OTCMKTS:AITX) is moving in a range after announcing that Robotic Assistance Devices Inc. (RAD), its wholly-owned subsidiary has signed a new authorized dealer, Global Guardian.

Market Stats

On Wednesday, AITX stock fell 1.48% to $0.0133 with 15.55 million shares, compared to its average volume of 20.23 million shares. The stock moved within a range of $0.0132 – 0.0140 after opening trading at $0.0135.

Key Details

The company has also received a new order from the new dealer for the ROSA security robot. The new dealer is a sector-leading Duty of Care security firm offering integrated, comprehensive, and tailored medical, emergence response, and security services to organizations, companies, individuals, and government24 hours a day, seven days a week.

President of RAD Mark Folmer saidRAD’s distribution network and backlog keep growing at a breakneck speed. With their aim to provide clients with advanced and effective guarding services, Global Guardian turned to RAD.This demonstrates that the company’s channel and users are keen to use technologies that answer their security concerns while also lowering expenses. Global Guardian’sAsset Security President Andrew Vanderburg said they are trying to establish new ways of offering clients first-in-class and cost-effective solutions. So AITX is worth watching.

Key Quote

“RAD’s dealer network and pipeline continues to flow at an increasingly rapid pace,” said Mark Folmer, President of RAD. “Global Guardian sought out RAD on their mission to offer clients advanced and efficient guarding solutions. This indicates that our channel and end-users are eager to deploy technology that addresses their security issues and cuts costs.”

Traders Corner

AITX stock is trading below the 20-Day and 50-Day Moving averages of $0.0141 and $0.0155 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0266.

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.