AITX - Artificial Intelligence Technology Solutions' subsidiary RAD signs agreement with EAGL Technology

Artificial Intelligence Technology Solutions' ([[AITX]] -4.1%) wholly-owned subsidiary Robotic Assistance Devices ((RAD)) entered into an agreement with EAGL Technology for offering the latter's Gunshot Detection System in all present and foreseeable future RAD devices.EAGL Technology was established in 2015 after acquiring gunshot ballistic science developed by the Department of Energy Pacific Northwest National Laboratory.According to Verified Market Research, the global Gunshot Detection Systems market was valued at $1.41B in 2019 and is estimated to reach $8B by 2027, growing at a CAGR of 26.18% from 2020 to 2027.The company indicated that EAGL's GDS technology would be an option that includes both additional hardware and analytic software on all RAD devices.RAD is a high-tech start-up that delivers robotics and artificial intelligence-based solutions.

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Artificial Intelligence Technology Solutions' subsidiary RAD signs agreement with EAGL Technology