DealsJul 16, 2026, 06:07 AM
AITX's RAD Secures $1.62M ROAMEO Order for 5 Vehicles
AI Summary
Artificial Intelligence Technology Solutions Inc. (AITX) announced that its subsidiary, Robotic Assistance Devices (RAD), secured an order for five ROAMEO autonomous security patrol vehicles from a global mining and natural resources company. The order, for deployment in South Africa, is valued at $9,000 per month per vehicle for a 36-month term, totaling approximately $45,000 in recurring monthly revenue and an aggregate contract value of $1.62 million. This deal marks a significant commercial step for ROAMEO, extending the company's reach into large-scale international mining operations, with deployment anticipated to start in 2027.
Key Highlights
- RAD received an order for five ROAMEO autonomous security patrol vehicles.
- Order placed by a global mining and natural resources company for South Africa.
- Each ROAMEO is priced at $9,000 per month for a 36-month term.
- Expected recurring monthly revenue (RMR) of approximately $45,000.
- Aggregate contract value of $1.62 million over the 36-month term.
- Deployment of the five ROAMEO units is expected to begin during calendar 2027.
- The order has potential for expanded fleets at individual locations and additional customer sites.
Price Impact
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