AITX - Artificial Intelligence Technology Solutions' subsidiary orders 1K ROSA Enclosures

Artificial Intelligence Technology Solutions' (OTCPK:AITX -0.6%) wholly owned subsidiary Robotic Assistance Devices has ordered 1K units of its ROSA 3.0 plastic enclosure from its main supplier to be produced via injection molding. ROSA shells were created using CNC machine processing and ordered in batches of 25 to 100. The company notes that over an expected lifespan of 4K units and including amortization of tooling, ROSA 3.0 enclosure costs will decrease 88% from ~$350/unit to $75/unit. With this large ROSA 3.0 enclosure order and other related investments in ROSA production the company will soon be able to deploy almost any ROSA order within 24 hours. "We begin our next fiscal year with a sales pipeline that looks to support these increases in purchasing and production. FY23 will likely be our most exhilarating year yet," AITX CEO Steve Reinharz commented.

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Artificial Intelligence Technology Solutions' subsidiary orders 1K ROSA Enclosures