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$3M Per Year Recurring Revenue Expected from a Single

AITX s Subsidiary Robotic Assistance Devices Poised to Add Over $100K in Recurring Monthly Revenue

Detroit, Michigan, Nov. 09, 2023 (GLOBE NEWSWIRE) Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), is pleased to provide an update on order intake for the current quarter as it seeks to rapidly close the gap between revenue and SG&A expenses. As the 3rd quarter of FY 2024, spanning September through November, progress

ITE Management L P Affiliate Agrees to Acquire SMBC Rail Services

NEW YORK, November 07, 2023 Sumitomo Mitsui Financial Group (collectively, SMBC Group, President and Group CEO Jun Ohta) and ITE Management L.P. (ITE), an investment firm specializing in industrial transportation assets and infrastructure, announced today that an affiliate of ITE has agreed to acquire SMBC Rail Services LLC (SMBC RS) from SMBC Americas Holdings, Inc. (SMBCAH), a member of SMBC Group. Following the closing of the acquisition, it is expected that the SMBC RS railcars and certain

Investment firm acquiring SMBC Rail Services

The rail industry continues to streamline operations and realign rail car fleet management via acquisitions. The post Investment firm acquiring SMBC Rail Services appeared first on FreightWaves.

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