Artificial Intelligence Technology (AITX) Stock Slides Despite Positive News

The Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) has been on the radars of many investors in recent times due to the slew of deals that have been completed by its fully owned subsidiary company Robotic Assistance Devices.

The company announced another such deal yesterday but the stock actually fell by as much as 7%. Artificial Intelligence Technology Solutions announced that Robotic Assistance Devices bagged an order for a total of 17 units from one of its biggest authorized dealers.

The name of the dealer was not disclosed by the company due to provisions of confidentiality agreements in place. However, Artificial Intelligence Technology Solutions did reveal that the ultimate user of the products is a global retail company, which boasts of as many as 15000 outlets in the United States. As part of the program, 15 ROSA united and 2 SCOT units are going to be deployed at 11 outlets spread across 5 states.