Exclusive: Dot Ai and Würth Industry North America sign partnership

Artificial intelligence startup Dot Ai and Würth Group's North American unit have announced a new partnership to enhance the tracking service for the fastener maker's clients.

The five-year agreement aims to accelerate order processes, improve performance metrics and optimize asset intelligence for these customers, the companies said in a joint statement on Thursday.

In particular, the deal will allow Würth Industry North America's (WINA) manufacturing and industrial clients to gain access to Dot Ai's track and trace technology as well as a cloud-based AI platform. WINA, a segment of the privately-held German screw manufacturer Würth Group, is worth more than $1 billion and aims to lower customers' expenses through customized logistics solutions.

The firms added that the partnership "will help customers improve forecasting accuracy, mitigate risks, and reduce or eliminate supply chain disruptions" by giving them access to intelligent tracking technologies.

The announcement comes as SEE ID, Inc., which does business as Dot Ai, expects to go public via a merger with special purpose acquisition vehicle ShoulderUp Technology Acquisition Corp. (OTC:SUAC). The tie-up, which was first announced in March, is expected to close in the second half of this year and result in Dot Ai being listed on the Nasdaq under the ticker "DAIC."

Dot Ai offers a selection of tools that are designed to help businesses streamline their logistics and supply chain processes and bolster their operational security.

"Partnering exclusively with [WINA] is a significant step in bringing our advanced tracking technology to the manufacturing sector," said Dot Ai Chief Executive Edmund Nabrotzky

Source: Investing.com