Artificial Intelligence Technology Solutions (AITX) Rockets 550% This Month: More to Come?

Artificial Intelligence Technology Solutions (OTC: AITX) stock has emerged as one of the biggest gainers this month and on Monday the rally continued impressively. Yesterday, the AITX stock surged by another 50% to take its monthly gains for the month of January to 550%. The remarkable rally has been fueled by major developments that have taken place in recent times.

Earlier this month, the company announced that its wholly-owned subsidiary company Robotic Assistance Device (RAD) signed a purchase agreement with Romania’s biggest security company Civitas. It is a major development for RAD. Rene Pasculescu, who is the CEO of Civitas, stated that the RAD products have garnered positive feedback during demonstrations and he expects more orders to roll in.

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On the other hand, the transaction gives RAD an entry point into the highly lucrative European Union market. If RAD can build on this purchase agreement and move into the larger market then it can lead to significant long-term growth for AITX.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.