Strategic Alliance for Growth
In a remarkable move announced recently, Sagtec Global (NASDAQ: SAGT), a leader in Point-of-Sale (POS) systems, has forged a strategic licensing agreement with Kinetic Seas Incorporated (OTCQB: KSEZ). This collaboration is set to revolutionize the Food & Beverage (F&B) technology market within Southeast Asia, as Sagtec seeks to enhance its AI capabilities through Kinetic Seas’ innovative AI platform, Skilliks.
Leveraging Advanced AI Technology
Sagtec Global currently caters to a client base of over 13,000 businesses worldwide, all of which are striving for better efficiency and profitability. The company’s premier POS system, Speed+, is already equipped with features that capture valuable sales data. By integrating AI into this existing system, Sagtec aims to tackle pressing challenges that many operators face, such as managing ingredients effectively and accurately forecasting demand.
Cost-Effective Access to AI Solutions
Choosing to license the Skilliks platform rather than investing in developing an in-house AI division is a strategic move for Sagtec. Developing such technology in-house could require millions in annual expenses. Instead, this agreement provides immediate access to a proven AI solution, enabling Sagtec to deliver advanced tools to its clients swiftly while adhering to sound financial practices.
Expanding Into New Markets
Furthermore, this licensing agreement allows Sagtec to white-label the Skilliks platform specifically for the Southeast Asian market. This pivotal move not only advances Sagtec’s primary focus on F&B but also extends its reach into related industries, thus opening the door to substantial new revenue opportunities.
CEO Insights on the Collaboration
CEO of Sagtec Global, Ng Chen Lok, expressed his enthusiasm about this agreement, stating, "It enables Sagtec to fast-track the AI tools our customers have been asking for while fostering sustainable development initiatives throughout Southeast Asia. This is a critical milestone in our growth strategy and in our mission to deliver added value to our shareholders." This sentiment is shared by Ed Honour, Kinetic Seas' CEO, who emphasized the partnership's potential to empower operators and enterprises, ensuring access to scalable AI solutions that were once beyond reach.
Benefits of the Licensing Agreement
The agreement offers several significant benefits for investors:
- Accelerates development of AI projects tailored to Sagtec’s F&B clientele.
- Expands recurring revenue opportunities from the existing 13,000+ customers.
- Reduces research and development costs in comparison to hiring in-house AI specialists.
- Positions Sagtec as a competitive leader in AI within the digital transformation landscape of Southeast Asia.
This strategic partnership underpins Sagtec’s dedication to achieving operational excellence and sustainable growth, ensuring long-term value creation for its shareholders.
About Sagtec Global Limited
Sagtec Global stands out as a leader in enterprise-grade POS software complemented by AI-integrated digital systems and secure data infrastructure, catering to Southeast Asia's dynamic retail and service sectors. The company aims to empower businesses through innovative, scalable, and secure technological solutions specifically designed to thrive in the digital era.
About Kinetic Seas
Kinetic Seas is recognized as an artificial intelligence firm specializing in consulting, education, and product development, headquartered in Schaumburg, Illinois. The company supports organizations of all sizes in adopting innovative artificial intelligence technologies effectively.
Contact Information
Sagtec Global Limited Contact:
Zainab Fateema binti Mustafa
Head of Public Relations & Corporate Affairs
Telephone: +6011-6217 3661
Email: info.pr@sagtec-global.com
Frequently Asked Questions
What does the licensing agreement entail?
The agreement allows Sagtec to integrate Kinetic Seas' AI platform, Skilliks, into its offerings, enhancing AI capabilities in the F&B market.
How many customers currently use Sagtec’s services?
Sagtec Global serves over 13,000 clients around the world, with a significant presence in the Food & Beverage sector.
What strategic advantages does this deal provide?
This deal accelerates AI project development, reduces R&D costs, and opens new revenue streams in adjacent industries.
What industries will Sagtec expand into?
Sagtec plans to extend its solutions beyond the F&B sector into related industries leveraging the Skilliks platform.
What is Sagtec Global’s goal with this partnership?
The goal is to fast-track the delivery of AI tools to clients while fostering sustainable development practices in Southeast Asia.
