Early Tuesday Gains After Major Announcement

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, May 17, 2022

A Michigan-based tech firm just announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) expects to launch a product into the rapidly expanding residential security market that is based around its best-selling ROSA solution, according to the release. This sent shares of the parent company, Artificial Intelligence Technology Solutions Inc (OTCPK:AITX) soaring on Tuesday.

Artificial Intelligence Technology Solutions Inc through its wholly-owned subsidiary delivers robotics and artificial intelligence-based solutions for operational, security, and monitoring needs. It also creates its own software leading to the development of powerful tools such as RADSOC, RADPMC, and RADGuard.

As previously mentioned, traders were bullish on the news as shares quickly climbed up to $0.0152/share (+9.35%) at the early session high. This move is a strong continuation of the short-term momentum this small cap has seen since last Friday.

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