Guardforce AI (NASDAQ:GFAI) Co. Limited Chairman Terence Yap tells Proactive it has signed a supplemental letter of intent (LOI) with Shenzhen Kewei Robot Technology Co. Limited to acquire an additional twelve robotics companies in China as it advances its goal of becoming the world’s leading provider of Robotics-as-a-Service (RaaS) solutions. The deal, valued at US$12 million based on one-time projected average revenues for the twelve companies over the next five years, follows its previously announced definitive agreement to acquire seven robotics companies in China, the company said.
Guardforce AI announces further expansion into China with additional 12 robotics companies
