Exato Technologies Subsidiary Enters Non-Exclusive Partnership with AmplifAI Solutions
Exato.AI Inc., a wholly owned subsidiary of Exato Technologies Limited, has formalized a non-exclusive partnership agreement with AmplifAI Solutions, Inc., USA. The collaboration focuses on the sales, promotion, and marketing of AI powered solutions by AmplifAI Solutions, Inc., and involves identifying prospective customers.The agreement is set to run for an initial term of two years from the date of execution. Exato.AI Inc. will serve as a non-exclusive partner in this market expansion effort.
As outlined in the partnership details, the arrangement does not stipulate any minimum business commitment or guaranteed revenue threshold. Instead, the commission payable to Exato.AI Inc. is directly based on the business generated and is governed by the commercial terms established between both parties.
No shareholding exists between Exato Technologies Limited or Exato.AI Inc. in AmplifAI Solutions, Inc., USA. Furthermore, there is no related party transaction identified, as AmplifAI Solutions, Inc., USA is not connected to the promoter group of Exato Technologies Limited.
The partnership is intended to expand the global marketing and business development capabilities of Exato.AI Inc. within the technology ecosystem. The agreement specifically states that it does not confer any management or control rights on either party and has been structured without creating a potential conflict of interest.
Key details regarding the partnership are summarized below:
| Parameter | Details |
|---|---|
| Partnering Entities | Exato.AI Inc. (wholly owned subsidiary) and AmplifAI Solutions, Inc., USA. |
| Purpose | Sales, promotion, and marketing of AmplifAI's AI powered solutions, identifying prospective customers. |
| Agreement Size | No minimum business commitment or guaranteed revenue specified; commissions are commission-based on generated business. |
| Shareholding Status | Neither Exato Technologies Limited nor Exato.AI Inc. holds shares in AmplifAI Solutions, Inc., USA. |
| Term and Rights | Non-exclusive partnership for two years, with entitlement to commissions as per the Agreement terms. |
Stock Price Movement
Exato Technologies Ltd. settled at ₹576.25 on Tuesday, after the shares slipped 5.54%. Throughout the trading day, the stock navigated a wide range, touching a low of ₹565.00 but failing to retain the high set near ₹643.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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