The Artificial Intelligence Technology Solutions Inc (OTC: AITX) stock may have declined by as low as 30% this past week, but on Friday it staged a remarkable recovery and went up by 43%.
The latest rally in the stock came about after the company announced that its fully owned subsidiary Robotic Assistance Devices signed a new deal. Robotic Assistance signed a new dealer agreement with St. Moritz Security Services, which is currently one of the biggest players in its industry in North America.
It goes without saying that it is a significant development and the reaction in the markets was understandable. In 2019, St. Moritz had generated revenues of as huge as $100 million, and that alone places it among the top security firms in the world. The exact financial details of the deal have not been disclosed by either party but a deal with such a large firm is being looked upon as a major positive by investors.
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A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.