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Sarine Tech ( (SG:U77) ) has shared an announcement.
Sarine Technologies announced the signing of a non-binding Letter of Intent to acquire a majority stake in Kitov.AI, a company specializing in AI-driven inline quality assurance and control systems. This acquisition follows Kitov.AI’s recent restructuring due to insolvency issues, and marks a strategic pivot towards a software-license centered recurring revenue model, positioning Kitov.AI to better integrate with various industrial sectors.
More about Sarine Tech
Sarine Technologies Ltd is a global leader in developing, marketing, and selling precision technology solutions for evaluating, planning, processing, measuring, grading, and trading diamonds and gems.
YTD Price Performance: -18.75%
Average Trading Volume: 1,837
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $60.16M
For an in-depth examination of U77 stock, go to TipRanks’ Stock Analysis page.