AIBotics Signs LOI to Acquire Google Partner NovaCore Labs and Partners with KEENON Robotics to bring XMAN and Service Robots to Jamaica and the CARICOM

Core Insights - AIBotics is strategically expanding its presence in the Caribbean through the acquisition of NovaCore Labs, enhancing its capabilities in AI-driven robotics and digital transformation [1][3][4] - The partnership with KEENON Robotics aims to introduce the XMAN humanoid robot to Jamaican universities and the broader Caribbean market, reinforcing AIBotics' commitment to advancing technology in emerging economies [2][7] - NovaCore Labs has established itself as a leader in immersive technology and cloud-based solutions, providing a solid foundation for AIBotics' growth strategy across CARICOM nations [3][5] Company Developments - AIBotics signed a Letter of Intent to acquire NovaCore Labs, a Google Partner known for its expertise in immersive technology, with plans to close the transaction by the end of 2025 [1][4] - NovaCore's Street View imagery receives approximately one million online views per week, significantly enhancing visibility for Jamaican businesses and landmarks [5] - The collaboration aims to develop AI-powered immersive learning programs and smart infrastructure pilots across multiple territories, empowering education and local governments [6][7] Market Positioning - Jamaica is positioned for tech growth, demonstrating macroeconomic stability and a favorable environment for digital inclusion and innovation, according to the World Bank [8] - The acquisition of NovaCore Labs is seen as a transformational leap for AIBotics, providing access to innovative technologies and partnerships that will accelerate digital transformation in the Caribbean [4][9] - AIBotics plans to leverage NovaCore's partnerships with institutions like the University of the West Indies to introduce advanced AI curricula and smart infrastructure solutions [7][9]