Artificial Intelligence Technology Solutions, Inc. (AITX), along with its subsidiary Robotic Assistance Devices, Inc. (RAD), has announced a surge in new orders for its security and productivity solutions. This development highlights the growing demand for its diverse portfolio of devices and software, as reported in their latest sales update.
The recent acquisitions encompass a range of products, including the SARA platform, ROSA, RIO Mini, AVA, TOM, and RADCam Enterprise solutions. These orders have been placed by both new and existing clients operating across logistics, manufacturing, security services, and commercial property sectors.
AITX reported orders for twenty-four RADCam Enterprise systems, three RIO Mini systems, three TOM units, two AVA units, six licenses for SARA, and one ROSA unit since their previous sales update.
Strengthening Order Intake
This influx of orders contributes to what may become AITX's most substantial order intake quarter for this fiscal year. Steve Reinharz, CEO/CTO of AITX and founder of RAD, remarked, “There is no doubt that the mediocre level of B-to-B activity throughout most of this year has accelerated to a much higher pace over the past few months with no signs of it leveling off.”
Strategic Focus on Growth
Reinharz emphasized that the company aims to recover from a slow start to the year by boosting new sales and accumulating recurring monthly revenue. These efforts are intended to ensure a strong fiscal finish and lay the groundwork for greater achievements in the following year.
Reinharz noted, “This is the kind of consistency we expect to build on as we move toward our longer-term goals.”
He also hinted at upcoming developments, mentioning an intriguing and unique feature addition for RADCam, suggesting it as a suitable gift for the upcoming holidays. This announcement could signify further enhancements to AITX's offerings, reinforcing its commitment to innovation in the security sector.
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