Cycliq Group Advances Safety with BeEmotion AI Tech
Company Announcements

Cycliq Group Advances Safety with BeEmotion AI Tech

Cycliq Group Ltd (AU:CYQ) has released an update.

Cycliq Group Ltd has announced a strategic 10-year license agreement with BeEmotion to integrate AI technology into its cycling safety products, including real-time threat detection and video analytics. The partnership aims to enhance Cycliq’s existing software and hardware, with a new capital raise of A$352,000 to fund the technology integration and development costs. This move is set to expand Cycliq’s product capabilities, underlining its commitment to advancing bicycle safety through innovative AI solutions.

For further insights into AU:CYQ stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App