"This transaction is about moving a large division of Azio into the newly formed Azio AI and to keep focus," said Chris Young, Chief Executive Officer of AZIO AI. "By consolidating all AI-related commercial activity into AZIO AI, we are aligning our infrastructure strategy, customer relationships, and capital formation under a single, purpose-built platform." Young went on to comment that "The combination of both sets of customers from Azio Corp. and Azio AI will help build a greater revenue run rate for Azio AI as we work towards finishing our material definitive agreement with Envirotech Vehicles (EVTV). https://prn.to/3YNX0KY
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