Asset acquisitio adds the NovaCo e b a d, i tellectual p ope ty, softwa e, custome data, co t acts, d o e a d mappi g assets, a d ope ati g capabilities positio ed fo g owth ac oss Jamaica a d the b oade Ca ibbea
NovaCo e i te ds to expa d i stitutio al p og ams with the U ive sity of the West I dies Global Campus a d the U ive sity of Tech ology th ough its elatio ship with PlayJamaica Limited
MIAMI a d KINGSTON, Jamaica, Oct. 19, 2026 (GLOBE NEWSWIRE) — AIBotics, I c. (OTCID: AIBT) (“AIBotics” o the “Compa y”), a global tech ology compa y buildi g a platfo m a ou d AI-e abled obotics, auto omous systems a d i tellige t automatio , today a ou ced the completio of its acquisitio of the ope ati g assets associated with NovaCo e Labs (“NovaCo e”) f om PlayJamaica Limited u de a Asset Sale a d Pu chase Ag eeme t.
The t a sactio p ovides AIBotics with a ta gible ope ati g platfo m to complete its expa sio pla s i Jamaica a d the CARICOM. The Ca ibbea Eco omic Outlook 2026 p ojects a combi ed egio al GDP of app oximately US$420 billio with a ave age eal GDP g owth ate of 3.4% ac oss majo eco omies.
The acqui ed assets i clude 10 se vice obots, six comme cial d o es, th ee field ge e ato s, Google St eet View mappi g equipme t a d a dedicated mappi g vehicle, togethe with the NovaCo e b a d a d p op ieta y ope ati g methodologies.
The acquisitio expa ds AIBotics’ tech ology platfo m a d ope ati g p ese ce i Jamaica while c eati g a fou datio fo b oade g owth ac oss the CARICOM egio . Th ough NovaCo e, AIBotics i te ds to build o established capabilities i AI-e abled mappi g a d geospatial se vices, d o e ope atio s, automatio , digital i f ast uctu e, i stitutio al tech ology p og ams a d wo kfo ce developme t, with the goal of c eati g a scalable egio al tech ology platfo m.
Be Kapla , Chief Executive Office of AIBotics, comme ted, “NovaCo e has established a p ese ce i Jamaica th ough Google- elated mappi g i itiatives, comme cial tech ology deployme ts a d elatio ships with leadi g academic a d i stitutio al o ga izatio s. Those capabilities ca p ovide a p actical platfo m fo co ve ti g tech ology i to ecu i g comme cial activity athe tha buildi g a Ca ibbea ope atio f om the g ou d up.”
Followi g the acquisitio , NovaCo e i te ds to p io itize the expa sio of busi ess li es that p ese t ea -te m eve ue oppo tu ities i Jamaica a d the b oade egio . These i itiatives i clude:
- AI, LiDAR a d geospatial se vices: Buildi g o NovaCo e’s mappi g wo k, the busi ess pla s to expa d i to AI- a d LiDAR-e abled asset ma ageme t, su face classificatio a d elated geospatial se vices fo public- a d p ivate-secto applicatio s.
- D o e se vices: NovaCo e i te ds to b oade comme cial d o e ope atio s ac oss selected public- a d p ivate-secto ve ticals, suppo ted by acqui ed d o e systems, field equipme t, ope ati g methodologies a d d o e-ma ageme t softwa e.
- Automatio a d obotics: The acqui ed asset package i cludes obotics equipme t, ope ati g methodologies, softwa e a d custome elatio ships that ca suppo t co ti ued automatio deployme ts ac oss comme cial e vi o me ts.
- Educatio a d wo kfo ce developme t: NovaCo e i te ds to expa d i stitutio al p og ams with the U ive sity of the West I dies Global Campus a d the U ive sity of Tech ology, i cludi g tech ical demo st atio s, t ai i g, app e ticeship a d i te ship i itiatives desig ed to build local tech ical capacity.
- Tech ical i f ast uctu e: NovaCo e i te ds to expa d its tech ical labo ato y capabilities to suppo t demo st atio s, deployme ts, custome wo kflows a d the developme t of a skilled egio al wo kfo ce.
U de the Asset Sale a d Pu chase Ag eeme t, AIBotics acqui ed the specified NovaCo e assets f om PlayJamaica Limited i excha ge fo 22,500 sha es of AIBotics Se ies B P efe ed Stock with a agg egate stated value of $225,000.
The ag eeme t also p ovides fo a ea -out of up to $3.0 millio i additio al Se ies B P efe ed Stock ove fou yea s if the acqui ed busi ess achieves specified cumulative g oss- eve ue milesto es of $500,000, $1.5 millio , $3.0 millio a d $5.0 millio . Each eve ue milesto e co espo ds to $750,000 of additio al p efe ed-stock co side atio .
U de the te ms of the ag eeme t, G ego y Moo e is to lead the acqui ed busi ess as P eside t of the ope ati g subsidia y. AIBotics a d Moo e a e also to develop a budget ta geti g $1.0 millio of capital deployme t ove a 12-mo th pe iod.
G ego y Moo e, co-fou de of NovaCo e Labs, comme ted, “This t a sactio gives NovaCo e the oppo tu ity to accele ate the wo k al eady u de way i mappi g, d o es, automatio , AI a d i stitutio al tech ology p og ams. Ou focus ow is executio – expa di g se vices, deepe i g ou tech ical capabilities, buildi g eve ue a d c eati g solutio s that ca be deployed ac oss Jamaica a d the wide Ca ibbea .”
M . Kapla added, “NovaCo e ep ese ts a impo ta t step i AIBotics’ evolutio i to a b oade i te atio al tech ology platfo m. By expa di g ou p ese ce i Jamaica a d the Ca ibbea , we believe we ca build mea i gful busi esses ac oss AI, obotics, d o es, mappi g a d automatio while c eati g a fou datio fo lo g-te m egio al g owth.”
NovaCo e p eviously pa ticipated i Jamaica’s Google St eet View mappi g i itiative, p ovidi g a fou datio fo b oade geospatial a d digital-i f ast uctu e applicatio s. Ma ageme t ow i te ds to build o that wo k by i co po ati g AI a d LiDAR tech ologies i to se vices desig ed fo asset ma ageme t, su face classificatio , i f ast uctu e a alysis a d othe data-d ive applicatio s.
NovaCo e also mai tai s elatio ships with the U ive sity of Tech ology a d the U ive sity of the West I dies Global Campus. The Compa y i te ds to use those elatio ships to suppo t t ai i g, demo st atio s, wo kfo ce developme t a d selected imme sive-lea i g a d simulatio i itiatives, while expa di g the tech ical i f ast uctu e available fo clie t deployme ts a d ope atio al suppo t.
AIBotics does ot i te d to ide tify public-secto age cies i volved i active te de , evaluatio o p ocu eme t p ocesses u less a d u til disclosu e is app op iate a d autho ized.
AIBotics, I c. is a global tech ology compa y buildi g a platfo m a ou d AI-e abled obotics, auto omous systems a d i tellige t automatio . The Compa y focuses o applyi g adva ced tech ologies to eal-wo ld e vi o me ts th ough st ategic pa t e ships, tech ology developme t a d i te atio al ma ket elatio ships. AIBotics seeks to ide tify, develop, impleme t a d scale solutio s that imp ove how machi es ope ate, automate busi ess p ocesses a d exte d the p actical applicatio of a tificial i tellige ce i to the physical wo ld. Th ough a scalable, pa t e ship-d ive model, AIBotics is buildi g a dive sified obotics a d auto omous-systems platfo m desig ed to suppo t comme cial, i dust ial a d othe missio -d ive applicatio s ac oss global ma kets. Fo mo e i fo matio o AIBotics, visit www.aibotics.ai.
NovaCo e Labs is a Jamaica-based tech ology busi ess focused o AI systems, automatio , d o e se vices, mappi g a d digital i f ast uctu e. Its ope ati g platfo m i cludes tech ology assets, softwa e, custome elatio ships, geospatial capabilities a d i stitutio al pa t e ships that suppo t public- a d p ivate-secto mode izatio i itiatives ac oss Jamaica a d the Ca ibbea . Fo mo e i fo matio o NovaCo e Labs, visit www. ovaco elabs.com.
This p ess elease co tai s “fo wa d-looki g stateme ts” withi the mea i g of applicable secu ities laws. Fo wa d-looki g stateme ts i clude, amo g othe thi gs, stateme ts ega di g the i teg atio a d expa sio of the acqui ed NovaCo e assets; futu e eve ue oppo tu ities; the achieveme t of ea -out milesto es; the developme t a d comme cializatio of d o e, mappi g, AI, LiDAR, automatio a d othe se vices; the co ti uatio o expa sio of custome , supplie , educatio al a d i stitutio al elatio ships; the t a sfe o assig me t of co t acts equi i g thi d-pa ty co se t; futu e public- a d p ivate-secto oppo tu ities; tech ical-labo ato y expa sio ; t ai i g, app e ticeship a d i te ship p og ams; the co templated deployme t of $1.0 millio of capital; the Compa y’s Regulatio A offe i g a d ability to aise capital; a d AIBotics’ b oade g owth st ategy i Jamaica a d the Ca ibbea . Fo wa d-looki g stateme ts a e based o cu e t expectatio s, assumptio s a d estimates a d a e subject to isks a d u ce tai ties that could cause actual esults to diffe mate ially. These isks i clude, amo g othe s, the Compa y’s ability to aise sufficie t capital, i teg ate a d ope ate the acqui ed assets, obtai equi ed thi d-pa ty co se ts, etai custome s a d st ategic elatio ships, wi competitive te de s, execute tech ology deployme ts, ge e ate eve ue, achieve ea -out milesto es a d successfully expa d i to ew ma kets. The e ca be o assu a ce that pla ed p ojects, pa t e ships, deployme ts, capital aises, custome oppo tu ities o eve ue ta gets will be completed o achieved. Fo wa d-looki g stateme ts speak o ly as of the date of this elease, a d the Compa y u de takes o obligatio to update them except as equi ed by law.
David L. Kugelma Atla ta Capital Pa t e s, LLC(404) 856-9157 Office
(866) 692-6847 Toll F ee U.S. a d Ca ada(404) 281-8556 Mobile a d WhatsAppdk@atlcp.com
