Sagtec Global signs AI licensing deal with Kinetic Seas

Sagtec Global (NASDAQ: SAGT) announced a licensing agreement with Kinetic Seas Incorporated (OTCQB: KSEZ) to integrate AI technology into its point-of-sale systems for the Southeast Asian food and beverage market.

Under the agreement, Sagtec will incorporate Kinetic Seas' AI platform called Skilliks into its existing portfolio. The company serves more than 13,000 clients worldwide through its flagship POS system Speed+, which captures sales data that will be enhanced with AI capabilities for ingredient management and demand forecasting.

The licensing arrangement allows Sagtec to white-label the Skilliks platform for Southeast Asia, extending beyond food and beverage applications into other industries. The company stated this approach avoids the estimated millions in annual costs required to build an in-house AI division.

"This agreement enables Sagtec to fast-track the AI tools our customers have been asking for, while building a sustainable development initiative across Southeast Asia," said Ng Chen Lok, CEO of Sagtec Global.

Ed Honour, CEO of Kinetic Seas, stated the partnership will "empower operators and enterprises to access scalable AI solutions that were previously out of reach."

Kinetic Seas, headquartered in Schaumburg, Illinois, specializes in artificial intelligence consulting, education, and product development. Sagtec Global develops enterprise-grade POS software and digital systems for Southeast Asia's retail and service sectors.

The information is based on a press release statement from Sagtec Global.

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