Kinetic Seas and Sagtec Unveil a Strategic Collaboration
Kinetic Seas Incorporated (OTCQB: KSEZ) and Sagtec Global Limited (NASDAQ: SAGT) have entered into a significant multi-year agreement aimed at revolutionizing artificial intelligence (AI) development in the enterprise sector. This five-year initiative focuses on deploying a private, white-labeled version of the SKILLIKS AI platform, which will be exclusively hosted in a secure cloud environment. This collaborative effort marks an important milestone for both companies as they seek to leverage AI technology for enhanced operational efficiency and improved client solutions.
Introducing the SKILLIKS AI Platform
The SKILLIKS platform is a pioneering solution that integrates AI-assisted software engineering within enterprise-level application and product development. Aimed primarily at medium and large organizations, SKILLIKS makes it seamlessly easy to incorporate AI capabilities into existing software development processes. This initiative reflects not only a technological advancement but also a commitment to driving AI adoption across Southeast Asia.
Collaboration Details and Strategic Impact
Through this collaboration, Sagtec aims to harness the power of the SKILLIKS platform for its own internal AI software development, while also crafting AI-enabled solutions tailored to client projects. This agreement is valued at $2 million USD, featuring a long-term revenue sharing model that promises mutual benefits for both companies throughout the contract period.
Key Features of the Agreement
Several crucial components underline this strategic partnership, including:
- The hosting of the Sagtec/Skilliks private platform on secure U.S.-based cloud servers.
- Authorization for Sagtec to utilize the Skilliks platform for internal development and client project enhancements.
- Joint rights for commercialization, allowing both entities to promote the Sagtec/Skilliks platform to prospective clients.
- A revenue sharing model that guarantees long-term benefits for both organizations.
Enhancing Technical Skills and Training
This collaboration not only emphasizes the deployment of cutting-edge AI solutions but also provides an avenue for skill enhancement within Sagtec's IT department. The SKILLIKS AI training curriculum will offer personalized evaluations and weekly training sessions, fostering professional development and expertise.
Leadership Insights
NG Chen Lok, Director of Sagtec, shared insights on the partnership, highlighting that, “Partnering with Kinetic Seas allows us to deliver world-class AI capabilities directly into our IT framework and for our clients. The Sagtec/Skilliks platform makes advanced AI more accessible, while maintaining practical costs alongside significant savings and efficiency gains.”
Edward Honour, CEO of Kinetic Seas, viewed the agreement as transformative, stating, “This deal represents one of our most significant licensing ventures, highlighting that the main barrier to AI adoption at the enterprise level lies not in the technology itself, but rather in the existing business processes. By leveraging Sagtec's market presence alongside the robust capabilities of the SKILLIKS platform, we're laying the groundwork for sustainable innovation and AI integration across Asia.”
Company Profiles
Kinetic Seas Incorporated is a technology company based in Schaumburg, Illinois, dedicated to delivering advanced AI enablement solutions through its flagship SKILLIKS platform. Their mission is to equip enterprises with the necessary tools for efficient AI-enabled application development at scale.
Sagtec Global Limited stands as a leader in enterprise-grade Point-of-Sale software and AI-integrated digital systems tailored for Southeast Asia's dynamic retail and service economy. Their goal is to provide intelligent, scalable, and secure technology solutions designed for the digital age.
Frequently Asked Questions
What is the purpose of the SKILLIKS platform?
The SKILLIKS platform aims to integrate AI capabilities into enterprise-level software development to enhance operational efficiency.
What companies are involved in the collaboration?
The collaboration involves Kinetic Seas Incorporated (KSEZ) and Sagtec Global Limited (SAGT).
How long is the agreement between Kinetic Seas and Sagtec?
The agreement is structured as a five-year partnership with a value of $2 million USD.
What are the benefits of the collaboration?
The partnership enables Sagtec to develop internal AI solutions while providing access to innovative technologies to their clients.
How does the revenue share model work?
The revenue share model ensures that both companies benefit financially from the sale and use of the SKILLIKS platform throughout the duration of the agreement.
