In the past month, the Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) stock has performed poorly and declined by as much as 10% during the period. However, it is important to note that such declines can often prove to be an opportunity for new investors as well and it could be a good idea for investors to perhaps take a closer look.
Yesterday, Artificial Intelligence Technology Solutions was in the news after it made an important announcement with regards to its fully owned subsidiary company Robotic Assistance Devices. The company announced that Robotic Assistance Devices (RAD) received a notification from its biggest authorised dealer that a particular end user was looking to further expanding its RAD footprint through 17 units of RAD.
The order had first been placed back in May this year and this is the first follow up order. Steve Reinharz, who is the Chief Executive Officer of both Artificial Intelligence Technology Solutions and Robotic Assistance Devices, noted that the follow up order is an endorsement of the sort of performance and value that RAD units can bring ot businesses. In light of the latest development, it might be a good move for investors to keep the Artificial Intelligence Technology Solutions stock in their watch lists.