Cycliq Group Ltd (AU:CYQ) has released an update.
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Cycliq Group Ltd has announced a strategic 10-year license agreement with BeEmotion to integrate AI technology into its cycling safety products, including real-time threat detection and video analytics. The partnership aims to enhance Cycliq’s existing software and hardware, with a new capital raise of A$352,000 to fund the technology integration and development costs. This move is set to expand Cycliq’s product capabilities, underlining its commitment to advancing bicycle safety through innovative AI solutions.
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