Mynd.ai Enters into Agreement to Acquire Award-Winning AI Voice and Remote-Control Technology

Rhea-AI Summary

Mynd.ai (NYSE American: MYND) has announced a definitive agreement to acquire award-winning AI voice and remote-control technology. The technology enables voice and remote control of PCs and Macs through a simple setup of a remote control, USB receiver, and browser extension.

The acquisition will enhance Mynd's Promethean ActivSuite® and Explain Everything® Platforms, specifically targeting the education sector by allowing teachers greater classroom mobility and workflow automation. The company expects to close the transaction during the third quarter, subject to certain conditions.

Positive

• Strategic acquisition of AI voice and remote-control technology enhances existing product portfolio
• Technology integration will improve classroom mobility and teaching efficiency
• Expands capabilities of Promethean ActivSuite® and Explain Everything® Platforms
• Strengthens company's intellectual property portfolio with patents and trademarks

Negative

• Transaction closing is subject to certain undisclosed conditions
• Financial terms and acquisition cost not disclosed
• Integration and implementation timeline not specified

Insights

Educational Technology Analyst

Mynd.ai's acquisition of AI voice and remote-control technology strengthens their educational product portfolio with classroom flexibility enhancements.

This strategic acquisition represents a meaningful extension of Mynd.ai's educational technology ecosystem. The acquired technology solves a fundamental classroom constraint by untethering teachers from fixed positions, enabling them to move freely while maintaining control of digital resources. This directly addresses a pain point in modern classrooms where educators are often constrained by technology rather than empowered by it.

The technology integration has clear synergistic potential with Mynd's existing Promethean ActivSuite and Explain Everything platforms. By combining AI voice capabilities with their current offerings, Mynd can create a more comprehensive solution that streamlines instructional workflows. This positions them to compete more effectively against comprehensive educational technology providers.

From a market positioning perspective, this acquisition allows Mynd to differentiate their offering in the crowded EdTech space by addressing teacher mobility and classroom flexibility - increasingly important factors as schools redesign learning spaces for more collaborative and dynamic instruction. The technology's minimal hardware requirements (remote control, USB receiver, browser extension) also suggest a deployment model that could scale efficiently across educational institutions without significant additional infrastructure costs.

The timing of the acquisition, expected to close in Q3, aligns with typical educational purchasing cycles, potentially positioning Mynd to incorporate the technology into sales discussions for the upcoming academic year.

SEATTLE, Aug. 26, 2025 /PRNewswire/ -- Mynd.ai, Inc. ("Mynd" or the "Company") (NYSE American: MYND) today announced that it has entered into a definitive agreement to acquire all of the software, patents, trademarks, know-how and other intellectual property related to an award-winning AI voice and remote-control technology. With only a remote control, a USB receiver, and a browser extension, this technology enables voice and remote control of PCs and Macs and connects to any front-of-class display, providing teachers and educators with greater flexibility and freedom.

"We are thrilled to have reached an agreement to acquire this exciting technology" stated Arthur Giterman, Mynd's Chief Executive Officer. "By untethering teachers from the front of the classroom, facilitating the automation of instructional workflows and generating content from educational resources, this technology is a perfect complement to Mynd's existing product portfolio, all of which is designed to deliver freedom of choice, simplicity and adaptability."

"Acquiring this technology will afford Mynd with an incredible opportunity to further incorporate AI into our Promethean ActivSuite^® and Explain Everything^® Platforms allowing customers to save time, gain insight, and seamlessly interact with content," stated Lance Solomon, Mynd's Chief Product Officer. 

Pursuant to the terms of the agreement, the closing of the transaction is subject to the satisfaction of certain conditions. The Company plans to close the transaction during the third quarter.     

Forward-Looking Statements

This press release contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements reflect Mynd's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," "optimistic," and the negatives of these words and other similar expressions generally identify forward looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled "Risk Factors" in Mynd's Annual Report on Form 20-F, filed with the SEC on March 26, 2025, as such factors may be updated from time to time in Mynd's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Mynd's filings with the SEC. While forward-looking statements reflect Mynd's good faith beliefs, they are not guarantees of future performance. Mynd disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law.

About Mynd.ai, Inc.

Seattle-based Mynd is a global leader in interactive technology offering best-in-class hardware and software solutions that help organizations create and deliver dynamic content; simplify and streamline teaching, learning, and communication; and facilitate real-time collaboration. Our award-winning interactive displays and software can be found in more than 1 million learning and training spaces across 126 countries. Our global distribution network of more than 4,000 reseller partners and our dedicated sales and support teams around the world enable us to deliver the highest level of service to our customers.

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SOURCE Mynd.ai

FAQ

What technology is Mynd.ai (MYND) acquiring in the recent announcement?

Mynd.ai is acquiring an award-winning AI voice and remote-control technology that enables voice and remote control of PCs and Macs through a remote control, USB receiver, and browser extension system.

How will the acquisition benefit Mynd.ai's education technology offerings?

The acquisition will enhance Mynd's Promethean ActivSuite® and Explain Everything® Platforms by allowing teachers greater classroom mobility, automating instructional workflows, and enabling AI-powered content generation from educational resources.

When does Mynd.ai expect to close the technology acquisition?

Mynd.ai plans to close the transaction during the third quarter of 2025, subject to certain conditions being met.

What are the key components needed for the new Mynd.ai voice control system?

The system requires only three components: a remote control, a USB receiver, and a browser extension to enable voice and remote control functionality.

What intellectual property is included in Mynd.ai's acquisition?

The acquisition includes all software, patents, trademarks, know-how and other intellectual property related to the AI voice and remote-control technology.