ESGFIRE comments on Ekobots new partnership with Väderstad AB

Company: Ekobot
Listings: First North Sweden
Ticker: EKOBOT
Market cap at time of publication: 11,3 MSEK
Stock price at time of publication: 0,782 SEK
Business: Agtech farming robotics
Website: https://www.ekobot.se/

ESGFIRE comment:

Ekobot today (30/1) announced a new collaboration agreement with Väderstad AB with the aim to “evaluate the performance of a seed drill using vision technology and artificial intelligence (AI).” The news is exciting for several reasons, firstly because it shows that Ekobot's expertise in the industry regarding vision and AI technology is at the forefront and secondly because it may open up possibilities to enhance existing solutions for agriculture with the main purpose of optimizing field operations.

The collaboration partner Väderstad AB has chosen to initiate this partnership since they are especially interested in using Ekobot’s AI and vision to evaluate the performance of a seed drill .

The project is expected to be finalized in September 2024.

ESGFIRE is delighted by this news as it opens up for potentially new revenue streams for Ekobot.

The full press release can be found here:

https://www.ekobot.se/mfn_news/ekobot-and-vaderstad-initiate-collaboration

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ESGFIRE is an investment company and research firm that focuses on ESG companies with either an environmentally friendly service or product. ESGFIRE has a performance record of over 1000 % returns since 2018.

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