Cycliq Group Ltd (AU:CYQ) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into AU:CYQ stock, check out TipRanks’ Stock Analysis page.