Cybernetic Technologies Ltd (HPIL), Announces it has Launched Medusa Intelligence
Cybernetic Technologies Ltd (OTC: HPIL) has launched a new subsidiary, Medusa Intel Technology Ltd, aimed at entering the artificial intelligence sector.
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Rhea-AI Summary
Cybernetic Technologies Ltd (OTC: HPIL) has launched a new subsidiary, Medusa Intel Technology Ltd, aimed at entering the artificial intelligence sector. The company is collaborating with partners and has signed a non-disclosure agreement (NDA) with ANSYS to discuss potential cooperation on the Apogee D7 and its Power Train Management System. Additionally, a Shareholders conference is scheduled for August 6, 2021. This expansion signifies Cybernetic's commitment to innovation in AI technology.
Positive
- Launch of Medusa Intel Technology Ltd to focus on artificial intelligence.
- Signed NDA with ANSYS for collaboration on developing the Apogee D7's Power Train Management System.
- Scheduled Shareholders conference on August 6, 2021, indicating active investor engagement.
Negative
- None.
Details
News Market Reaction – HPIL
The recorded move for HPIL in the trading session of this news was +3.70%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, BC, July 14, 2021 /PRNewswire/ -- Cybernetic Technologies Ltd (the "Company") (OTC: HPIL) announces that it is has launched "MEDUSA INTEL TECHNOLOGY LTD.
Cybernetic Technologies has launched a company Medusa Intel Technology Ltd a subsidiary to enter into the world of Artificial Intelligence ("AI") along with select partners the company has been working with for the past few months.
Cybernetic Technologies announces it has signed an NDA with ANSYS https://www.ansys.com/ to enter into discussions about how the two will work together on the companies Apogee D7 and its Power Train Management System, currently in development.
I also look forward to the next Shareholders conference to be held on August 6th, 2021, said Stephen Brown CEO.
https://zoom.us/j/93402294076?pwd=NFpFV2VRTFRocDlBajNERUxQaGZuQT09
Safe Harbor: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filing.
For more information:
Cybernetic Technologies Ltd
1720 650 West Georgia St
Vancouver, BC V6B 4N8
Contact: Stephen Brown, CEO
www.cybernetictech.ca
info@cybernetictech.ca
Ph: (778) 819-1956
View original content:https://www.prnewswire.com/news-releases/cybernetic-technologies-ltd-hpil-announces-it-has-launched-medusa-intelligence-301333733.html
SOURCE Cybernetic Technologies Ltd
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