other material
confidence high
sentiment positive
materiality 0.70
AITX's RAD receives $1.62M ROAMEO order from global mining company for South Africa deployment
Artificial Intelligence Technology Solutions Inc.
- Order for five ROAMEO units at $9,000/month each, 36-month term, aggregate contract value $1.62 million.
- Recurring monthly revenue of approximately $45,000 if all units deployed and contracts performed.
- Customer is a globally recognized mining and natural resources company; deployment in South Africa.
- Deployment expected to begin during calendar 2027, subject to definitive contracts, manufacturing, and customer acceptance.
- Order marks commercial step for ROAMEO into large-scale international mining operations.