The Artificial Intelligence Technology Solutions (AITX) stock was in a downward trend yesterday and tanked by as much as 7%.
However, in this regards it is important to note that on Wednesday, the company had actually announced that its fully owned subsidiary company Robotic Assistance Devices received a new Wally order from a Fortune 250 company.
The identity of the company was not divulged due to confidentiality considerations but Artificial Intelligence Technology Solutions did reveal that the final user of the products is a major operator in the supply chain and logistics space. The President and Founder of Robotic Assistance Devices, Steve Reinharz, spoke about the significance of this deal. He stated that this order for Wally reflects the sort of work that the company has managed to accomplish in recent times. He went on to state that if a Wally is deployed then it is going to replace a security guard at the client’s office.