AITX's RAD Lands Five-ROAMEO Order from Global Miner, $1.62M Potential Value
AITX sits 25% above its 52-week low of $0.007.
Summary
RAD, a subsidiary of AITX, received an order for five ROAMEO autonomous security vehicles from a global mining company for deployment in South Africa. The contract is priced at $9,000 per vehicle per month over 36 months, implying roughly $45,000 in monthly recurring revenue and a total potential value of $1.62 million if fully performed. Definitive contracts are not yet signed, and deployment is expected to begin in calendar 2027, subject to manufacturing, transport, and on-site commissioning. This follows the 8-K filed earlier today and comes amid AITX's ongoing cash burn and going concern warnings — the order represents a material commercial step into large-scale international mining and could open the door to expanded fleets. The revenue potential is significant relative to the company's recent quarterly revenue of $1.83 million.
At the time of this announcement, AITX was trading at $0.01 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $3.6M. The 52-week trading range was $0.01 to $0.15. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.