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Alias Born 03/06/2017

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Tuesday, 12/29/2020 10:22:20 PM

Tuesday, December 29, 2020 10:22:20 PM

Post# of 61738
While this company has had some difficulty in the past. I believe they have taken their lumps, developed new tech, and emerged stronger and have positioned themselves for for a big 2021 and growth. Here's a list of positives:

AITX:

1 - Multi-national company with offices in USA and Canada, offering AI enabled hardware and software solutions to revolutionize the 128 billion dollar global security industry.

2 - Dealership agreements in place with 15-20 security companies worldwide for device and applications deployment

3 - Currently offering 5 hardware devices and 3 software applications for security solutions

4 - Devices and applications currently offered in 3 countries worldwide - USA, Canada, Romania - with plans for future expansion

5 - Devices and applications currently deployed in 6 states - including some of the most populated states in the country like California, Texas and New Jersey

6 - Revenues increasing Q over Q

7 - Great demand for latest mobile robotic device, with backlog of orders representing $16million of revenue, already with letters of intent (LOI)

8 - Due to increased demand and sales of stationary devices - company is expanding production capability and opening new assembly facility in Irvine, CA

9 - Due to increased demand and sales of mobile devices - company is opening a new office in Waterloo, Canada, that is 3x larger than previous office and will include a new 10k square foot outdoor mobility solution test yard.

10 - R&D and innovation constantly ongoing - driven by customer demand, new products and solutions on the horizon
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