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Investing.com -- Dot Ai Inc (NASDAQ:DAIC) stock surged 59.2% on Tuesday after the company announced a three-year strategic partnership with Wiliot, a global leader in Ambient IoT technology.
The agreement allows Dot Ai to commercialize next-generation asset-intelligence technology specifically for manufacturing and supply-chain environments. Under the partnership, Wiliot will support Dot Ai’s development and deployment of industrial and manufacturing applications that extend Ambient IoT technology into factories, warehouses, and complex logistics networks.
As part of the collaboration, Dot Ai has validated what it describes as the first true industrial implementation of Wiliot tag technology. The company has coupled Wiliot’s chip with a patent-pending plasmonic folded ground plane structure that increases readability and range when mounted on metal or in wet environments.
Dot Ai has also released a patent-pending rugged Industrial Bridge device capable of reading this tag as well as other Wiliot-enabled labels in their applications. These innovations expand the range of industrial use cases where the technology can be applied, from high-value retail supply chain tracking to production-line applications and full-warehouse inventory automation.
"This partnership solidifies our commitment to extend the power of Ambient IoT into the heart of industrial asset intelligence," said Ed Nabrotzky, Chief Executive Officer of Dot Ai. "By developing industrial components to interface with Wiliot’s technology, we are able to collect additional data in our target environments to deliver the continuous, in-process intelligence that complex supply chains demand."
The deal also includes provisions for Wiliot to supply Dot Ai with tags and cloud services for resale as part of the three-year agreement.
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