Artificial Intelligence Technology Solutions (OTC:AITX) Stocks On Watchlist After The Latest News

This morning investors are expected to look into those stocks that may have been in focus this past Friday, and one of those in focus could be Artificial Intelligence Technology Solutions Inc. (OTC:AITX). Its fully owned subsidiary unit, Robotic Assistance Devices Inc., made a key announcement on November 1.

The Announcement

Last Friday, Robotic Assistance Devices divulged the core specifications of ROAMEO Generation 4, a highly anticipated wheeled robot product from the company. In the news release, it was revealed that following several years of developmental work, the mobile robot would be available for demonstrations to customers from March next year.

The company further noted that the advanced autonomous security robot could help in finally offering a solution to specific needs of the facility management and security industries. The robot would also offer better AI integration, strong operations-related capacities, and advanced capabilities.

Potential

It was also stated that the actual market for a robot like ROAMEO Generation 4 was largely untapped, and Robotic Assistance Devices asserted that due to its years in the sector, it believed that the market was of a significant size. The company overcame a number of technical challenges in the development of the ROAMEO and came up with a number of versions before finally coming up with the latest version.

Key Quote

“The market for a robot like ROAMEO remains untapped, and based on our years serving this space, we are certain that it is a significantly large market. Having solved a myriad of technical challenges and deployed many earlier versions of ROAMEO, we are perfectly positioned to define and capture this market,” said Steve Reinharz, CEO/CTO of AITX and RAD. “This is the cumulation of years of creation, testing, and perseverance. We are beyond thrilled with today’s big reveal and excited for what this robot will do for the industry and AITX.”