Top things to know
- AIBotics Inc acquires PlayJamaica’s NovaCore Labs for an initial US$225,000.
- Purchase price may rise to US$3.2 million based on performance targets.
- Assets include drones, mapping gear, software, IP and a customer database.
- Gregory Moore appointed CEO; Ryan Moore named vice‑president of NovaCore Labs Ltd.
AIBotics Inc, a Miami‑based technology company, has completed the purchase of the drone, mapping and artificial‑intelligence business of Jamaica’s PlayJamaica Ltd. The deal, disclosed in U.S. SEC filings, is valued at US$225,000 in Series B preferred shares, with the possibility of an additional US$3 million in shares if revenue milestones are met.The assets transferred include the NovaCore Labs brand, commercial drones, mapping equipment, software, intellectual‑property and a decade‑long customer database. Gregory Moore will become chief executive officer of the new NovaCore Labs Limited, while Ryan Moore will serve as vice‑president.