Is Artificial Intelligence Technology Solutions (OTCMKTS:AITX) Stock a Good Buy After The Recent Fall?
Innovator in delivery of artificial intelligence-based solutions empowering organizations for gaining new insight as well as solving complex challenges, Artificial Intelligence Technology Solutions (OTCMKTS:AITX), on 2nd August, 2021 that Robotic Assistance Devices, its wholly-owned subsidiary, has received 10-unit order from authorized dealer, St. Moritz Security Services.
Matthew Schwartz, CEO at St. Moritz, said that the order will bring the total to 16 and the decision was good for the company and its clients.
Though the specifics weren’t revealed, the firm confirmed ten units are ROSA180 devices, which will be deployed at 3 of St. Moritz’ clients, high-end retail center, property management group as well as group of cemetery locations in the Midwest.
Jordan Lippel, VP Security Solutions of RAD, said that the firm had expected good results and indications demonstrate that it is just the beginning.
St. Moritz had annual revenues of over $110 million in 2020, making it one of the largest American-owned security companies in the U.S. It is also amongst top 2% of all security companies globally with offices in 30 places across US and Canada.
ROSA180, a compact security and communications solution, can be deployed in 15 minutes and only needs power as it includes all necessary communications hardware.
