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Artificial Intelligence Technology Solutions (OTCMKTS:AITX) On Watchlist After Signing 5 New Dealers

Ian Leigh , , , ,

On May 24, 2023, Global leader in AI-driven security and productivity solutions, Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) and its wholly owned subsidiary, Robotic Assistance Devices Inc announced signing 5 extra authorized dealers since previous announcements. The dealers are located across the state of Hawaii and the continental U.S.

Trading Data           

On Wednesday, AITX stock moved down 5% to $0.0066 with 22.65 million shares, compared to volume of 19.66 million shares. The stock moved within a range of $0.0064 – 0.0071 after opening trade at $0.0070.

AITX’s Subsidiary, Robotic Assistance Devices, Signs 5 New Dealers

RAD’s five authorized dealers are Combination Security in Michigan, System Integrations having offices in Nashville, Memphis, and Lebanon, Tennessee; Huffmaster Protective Services Group in Michigan, V Force Security in California and Site Management Services in Honolulu, Hawaii.

Shane Kurihara, Managing Partner, Communications and Technology Director at Site Management Services said that Security technology is the future, and the company is excited about learning about RADDOG now.

Mark Folmer, CPP, PSP, FSyI, President of RAD said that it is a positive trend on RAD continuing to allure new dealers, bringing fresh opportunities and clients. Folmer added that the security challenges addressed by RAD are impacting all industries. Folmer also said that these regional dealers have direct relationships with corporate clients seeking solutions.

Steve Reinharz, CEO of AITX and RAD said that a thriving network of dealers is necessary for attaining success. The CEO added that RAD’s array of dealers enables entry to new segments but also broadens the firm’s visibility of its products.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.