Strategic Collaboration Between Kinetic Seas and Sagtec
Kinetic Seas Incorporated (OTCQB: KSEZ) and Sagtec Global Limited (NASDAQ: SAGT) have forged a significant five-year agreement to launch an advanced private version of the SKILLIKS AI platform. This partnership is poised to reshape how medium to large organizations approach AI integration, particularly in enterprise-level application development.
Understanding the SKILLIKS AI Platform
The SKILLIKS platform stands out as the first of its kind, fusing AI-assisted software engineering with traditional software development processes. This innovative platform allows organizations to seamlessly incorporate AI into their existing workflows, enhancing efficiency and productivity in their operations.
Benefits of the Partnership
Through this collaboration, Sagtec will utilize the SKILLIKS platform for its own internal AI software development and will also create AI-driven solutions tailored for client projects. The partnership includes authorization for Sagtec to promote the SKILLIKS platform to enterprises looking to enhance their IT capabilities through AI technology.
Financial Aspects of the Agreement
Valued at $2 million USD, this agreement emphasizes a mutual long-term revenue-sharing model, ensuring benefits for both companies over the duration of the partnership. The combination of AI capabilities and strategic marketing is expected to drive innovation and efficiency across various sectors.
Key Features of the SKILLIKS Partnership
The partnership's framework includes several key features:
- Hosting the Sagtec/Skilliks platform on secure cloud servers located in the U.S.
- Authorization for Sagtec's internal use of Skilliks for AI-enabled project development.
- Joint marketing rights for the promotion of the Sagtec/Skilliks platform to potential clients.
- A comprehensive revenue-sharing model designed to benefit both partners throughout the arrangement.
Empowering IT Departments with SKILLIKS
Moreover, the licensed platform will act as a capability accelerator for Sagtec’s IT department. This includes providing access to a comprehensive SKILLIKS AI training curriculum, personalized skill assessments for staff members, and weekly tailored training sessions aimed at enhancing overall team expertise.
Quotes from Leadership
NG Chen Lok, the Director of Sagtec, expressed enthusiasm about the partnership, stating, "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 accessible, while keeping costs practical compared to the significant savings and efficiency gains it enables.”
Edward Honour, CEO of Kinetic Seas, reflected on the implications of the agreement: “This agreement represents one of the most significant licensing deals we’ve undertaken, because it reenforces our vision that the biggest barrier to AI adoption at the Enterprise level is not the AI, but a Company's existing business processes. By combining Sagtec’s market reach with the strength of the SKILLIKS platform, we’re establishing a foundation for long-term innovation and growth in AI adoption across Asia.”
About Kinetic Seas Incorporated
Kinetic Seas Incorporated is a technology company based in Schaumburg, Illinois. It specializes in advanced AI enablement solutions, employing its flagship SKILLIKS platform to help enterprises efficiently build, train, and deploy AI-enabled applications.
About Sagtec Global Limited
Sagtec Global is a leader in providing enterprise-grade POS software and AI-integrated digital systems, catering to Southeast Asia's dynamic retail and service economy. The company aims to empower businesses by offering scalable, secure technology solutions designed for the digital era.
Frequently Asked Questions
1. What is the SKILLIKS platform?
The SKILLIKS platform is an AI development tool that integrates AI-assisted software engineering into enterprise application development, enabling seamless AI integration into existing workflows.
2. How long is the agreement between Kinetic Seas and Sagtec?
The partnership is structured as a five-year licensing and collaboration agreement.
3. What are the financial terms of the agreement?
The agreement is valued at $2 million USD and includes a long-term revenue-sharing component.
4. What benefits will Sagtec gain from this partnership?
Sagtec will gain access to SKILLIKS for internal development, marketing rights, and AI training resources to enhance their IT capabilities.
5. Who can benefit from the SKILLIKS platform?
Medium and large organizations looking to integrate AI into their software development processes can benefit from the SKILLIKS platform, enhancing their operational efficiency.
