Nexscient Signs Letter of Intent to Acquire Flipside AI
Nexscient (OTCQB:NXNT) has signed a Letter of Intent to acquire Flipside AI, a Philippines-based provider of data labeling and annotation services, for $5.94 million through a combination of cash, convertible debenture, and restricted common stock.
The acquisition strengthens Nexscient's AI capabilities, with Flipside AI having generated $9.2 million in revenues over the past four years. As part of the deal, Flipside AI's CEO Anthony De Luna will sign a five-year executive employment agreement and join Nexscient's Board of Directors.
The acquisition positions Nexscient in the rapidly growing AI data training market, projected to reach $92.4 billion by 2034 with a 22% CAGR, while the global data annotation tools market is expected to grow to $23.11 billion by 2032.
Nexscient (OTCQB:NXNT) ha firmato una Lettera di Intenti per acquisire Flipside AI, un fornitore filippino di servizi di etichettatura e annotazione dati, per un valore di 5,94 milioni di dollari tramite una combinazione di contanti, obbligazioni convertibili e azioni ordinarie vincolate.
L'acquisizione rafforza le capacità di intelligenza artificiale di Nexscient, dato che Flipside AI ha generato 9,2 milioni di dollari di ricavi negli ultimi quattro anni. Nell'ambito dell'accordo, il CEO di Flipside AI, Anthony De Luna, firmerà un contratto esecutivo quinquennale e entrerà a far parte del Consiglio di Amministrazione di Nexscient.
L'acquisizione posiziona Nexscient nel mercato in rapida crescita della formazione dati per l'IA, previsto raggiungere 92,4 miliardi di dollari entro il 2034 con un CAGR del 22%, mentre il mercato globale degli strumenti di annotazione dati dovrebbe crescere fino a 23,11 miliardi di dollari entro il 2032.
Nexscient (OTCQB:NXNT) ha firmado una Carta de Intención para adquirir Flipside AI, un proveedor filipino de servicios de etiquetado y anotación de datos, por 5,94 millones de dólares mediante una combinación de efectivo, deuda convertible y acciones comunes restringidas.
La adquisición fortalece las capacidades de IA de Nexscient, ya que Flipside AI generó 9,2 millones de dólares en ingresos durante los últimos cuatro años. Como parte del acuerdo, el CEO de Flipside AI, Anthony De Luna, firmará un contrato ejecutivo por cinco años y se unirá al Consejo de Administración de Nexscient.
La adquisición posiciona a Nexscient en el mercado de entrenamiento de datos para IA de rápido crecimiento, que se proyecta alcance los 92,4 mil millones de dólares para 2034 con una Tasa de Crecimiento Anual Compuesta (CAGR) del 22%, mientras que el mercado global de herramientas de anotación de datos se espera que crezca hasta 23,11 mil millones de dólares para 2032.
Nexscient (OTCQB:NXNT)는 필리핀에 기반을 둔 데이터 라벨링 및 주석 서비스 제공업체인 Flipside AI를 현금, 전환사채, 제한된 보통주를 조합하여 594만 달러에 인수하기 위한 의향서를 체결했습니다.
이번 인수로 Nexscient의 AI 역량이 강화되며, Flipside AI는 지난 4년간 920만 달러의 매출을 기록했습니다. 계약의 일환으로 Flipside AI의 CEO Anthony De Luna는 5년간의 임원 고용 계약에 서명하고 Nexscient 이사회에 합류할 예정입니다.
이번 인수는 Nexscient를 빠르게 성장하는 AI 데이터 교육 시장에 위치시키며, 이 시장은 2034년까지 924억 달러에 달할 것으로 예상되며 연평균 성장률(CAGR)은 22%입니다. 또한 글로벌 데이터 주석 도구 시장은 2032년까지 231억 1천만 달러로 성장할 전망입니다.
Nexscient (OTCQB:NXNT) a signé une lettre d'intention pour acquérir Flipside AI, un fournisseur basé aux Philippines de services d'étiquetage et d'annotation de données, pour un montant de 5,94 millions de dollars via une combinaison de liquidités, de débentures convertibles et d'actions ordinaires restreintes.
Cette acquisition renforce les capacités en intelligence artificielle de Nexscient, Flipside AI ayant généré 9,2 millions de dollars de revenus au cours des quatre dernières années. Dans le cadre de l'accord, le PDG de Flipside AI, Anthony De Luna, signera un contrat de travail exécutif de cinq ans et rejoindra le conseil d'administration de Nexscient.
Cette acquisition positionne Nexscient sur le marché en forte croissance de la formation des données pour l'IA, qui devrait atteindre 92,4 milliards de dollars d'ici 2034 avec un taux de croissance annuel composé (CAGR) de 22%, tandis que le marché mondial des outils d'annotation de données devrait croître jusqu'à 23,11 milliards de dollars d'ici 2032.
Nexscient (OTCQB:NXNT) hat eine Absichtserklärung zur Übernahme von Flipside AI, einem auf den Philippinen ansässigen Anbieter von Datenkennzeichnungs- und Annotationsdiensten, für 5,94 Millionen US-Dollar unter Verwendung einer Kombination aus Bargeld, wandelbaren Schuldverschreibungen und eingeschränkten Stammaktien unterzeichnet.
Die Übernahme stärkt die KI-Fähigkeiten von Nexscient, da Flipside AI in den letzten vier Jahren 9,2 Millionen US-Dollar Umsatz erwirtschaftet hat. Im Rahmen des Deals wird der CEO von Flipside AI, Anthony De Luna, einen fünfjährigen Anstellungsvertrag für Führungskräfte unterzeichnen und dem Vorstand von Nexscient beitreten.
Die Übernahme positioniert Nexscient im schnell wachsenden Markt für KI-Datentraining, der voraussichtlich bis 2034 92,4 Milliarden US-Dollar erreichen wird, mit einer jährlichen Wachstumsrate (CAGR) von 22%, während der globale Markt für Datenannotationswerkzeuge bis 2032 auf 23,11 Milliarden US-Dollar wachsen soll.
- Strategic acquisition valued at $5.94M enhances AI data training capabilities
- Flipside AI brings proven revenue generation of $9.2M over four years
- Retention of key leadership with 5-year commitment from Flipside AI's CEO
- Entry into high-growth market with AI data training projected at $92.4B by 2034
- Geographic expansion into Southeast Asia strengthens global presence
- Non-binding LOI indicates deal is not yet finalized
- Additional capital investment required in subsequent years
- Assumption of key operating liabilities as part of the deal
Expanding Nexscient's Global Portfolio of AI-Powered Platforms and Services
LOS ANGELES, CA / ACCESS Newswire / August 6, 2025 / Nexscient, Inc. (OTCQB:NXNT), a leading innovator in artificial intelligence ("AI") applications and intelligent enterprise solutions, announced today that it has executed a non-binding Letter of Intent (LOI) to acquire substantially all of the assets of Flipside Digital Content Company, Inc., a Philippines-based provider of high-quality data labeling, annotation, and digital transformation services ("Flipside AI"). This acquisition marks a significant step in Nexscient's strategy to build a global portfolio of AI-powered platforms and services.
Under the terms of the LOI, Nexscient will acquire substantially all of Flipside AI's operating assets for a total consideration of approximately
"We are thrilled to welcome Flipside AI into the Nexscient family," said Fred E. Tannous, President and CEO of Nexscient, Inc. "This acquisition enhances our capabilities in data labeling and annotation - key components of the AI data training pipeline. Generating over
"Joining Nexscient represents an exciting new chapter for Flipside," added Anthony De Luna, President and CEO of Flipside AI. "This partnership provides the strategic capital, international platform, and executive leadership to take our AI data services business to new heights. Together, we aim to become a global force in providing transformative data solutions."
The global AI data training market is projected to grow substantially, rising from an estimated
1 Data Labeling Solution and Services Market, FactMR (Apr. 2024)
2 Worldwide Artificial Intelligence Systems Spending Guide, IDC (Aug. 2024)
3 Data Annotation Tools Market, Astute Analytica, (Nov. 2024)
About Nexscient, Inc.
Nexscient [OTCQB: NXNT] is an emerging-growth company that's building a global collaborative network of intelligent enterprise applications and technologies through internal development, synergistic acquisitions, and capital investments in companies involved in machine learning, artificial intelligence, and the Industrial Internet of Things technologies. As part of our growth strategy, we also seek to acquire and integrate synergistic AI and machine learning companies and technologies into our collaborative network, further expanding our service offerings while enhancing shareholder value. For more information, please visit https://nexscient.ai.
About Flipside Digital Content Company, Inc.
Flipside AI is a premier data engineering company that blends top-tier human expertise with advanced technologies to deliver high-quality data annotation and transformation services. We empower global enterprises across diverse industries to unlock the full potential of their data, enabling them to develop fast, accurate, and scalable AI applications. For more information, please contact us at flipside@nexscient.com
Forward-Looking Statements
This release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Nexscient, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy; and (iv) performance of our products and services. You can identify these statements by the use of the words "may," "will," "could," "should," "would," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," "likely," "forecast," "probable," "potential," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Nexscient's ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. These risks and uncertainties also include such additional risk factors as are discussed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, Forms 10-Q and 8-K, and in other filings we make with the Securities and Exchange Commission from time to time. These documents are available on the SEC Filings section of the Investor Relations section of our website at https://nexscient.ai. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.
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COMPANY CONTACT:
Nexscient, Inc.
Fred E. Tannous, President & CEO
Email: press@nexscient.com
Phone: +1 (310) 494-6620
Web: www.nexscient.com
SOURCE: Nexscient, Inc.
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