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Home Control International Limited ( (HK:1747) ) has issued an announcement.
Home Control International Limited has signed a memorandum of understanding with Nanyang Technological University in Singapore, acting through its Cyber Security Research Centre, to explore strategic collaboration on AIoT-enabled healthcare solutions. Acting via its subsidiary Orbiva Limited, the Group will work with NTU on potential projects including a personal healthcare AIoT platform, healthcare management ecosystem security, and related intellectual property licensing and transfer, following further negotiations and formal agreements. The move builds on an existing intellectual property licence with NTU’s innovation arm NTUitive, which allows Orbiva to use and commercialise an AI-assisted trustworthy home-care intelligence agent system across home care, healthcare, IoT and AIoT applications. This collaboration marks a concrete deployment of funds raised in a recent placing, where the bulk of proceeds was earmarked for healthcare-related R&D, and underscores the Group’s strategic push to establish a secured healthcare AIoT platform and create new business opportunities in the digital healthcare arena.
The most recent analyst rating on (HK:1747) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Home Control International Limited stock, see the HK:1747 Stock Forecast page.
More about Home Control International Limited
Home Control International Limited is a Cayman Islands–incorporated company listed in Hong Kong that, through its subsidiaries, is expanding from its core home-control and AIoT capabilities into AIoT-enabled home healthcare platforms, ecosystems and healthcare management products, as well as related healthcare operation services. The Group has established a dedicated wholly owned subsidiary, Orbiva Limited, to spearhead these healthcare-focused initiatives and leverage advanced IoT and AI technologies in the home-care and healthcare space.
Average Trading Volume: 963,495
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.57B
For a thorough assessment of 1747 stock, go to TipRanks’ Stock Analysis page.