Core Insights - Kinetic Seas Incorporated has completed Phase 1 of a $4.0 million AI mobility platform project with Sagtec Global Limited ahead of schedule, marking a significant step in deploying the Skilliks AI planning platform in Southeast Asia's digital transportation market [1][6] Project Overview - Phase 1 involved requirements discovery, system architecture design, and detailed project planning for the Grandpride Luxury Travel Smart AI E-Hailing, Car Rental, and Subscription System [2] - The platform aims to support premium ride-hailing, vehicle rental, and subscription-based transportation services targeting high-value leisure travelers and corporate clients in Malaysia [3] Financial Details - The project is backed by a $4.0 million software development agreement, which includes approximately $1.6 million for licensing and custom software development, and $2.4 million for multi-year services such as hosting, maintenance, and analytics [4] Strategic Partnership - The milestone reflects the growing collaboration between Kinetic Seas and Sagtec, emphasizing the Skilliks platform's role in managing complex enterprise AI deployments [5] - Kinetic Seas is entitled to 30% of revenues generated from the Grandpride mobility platform, allowing participation in both development and ongoing service revenues [7] Market Context - The project aligns with the rapid adoption of AI and digital technologies in Malaysia and Southeast Asia, where enterprise spending on AI and analytics is expected to grow at double-digit rates [6] - Beyond the Grandpride initiative, Kinetic Seas and Sagtec are working to integrate Skilliks into Sagtec's broader AI and SaaS delivery framework across various sectors, targeting $12–15 million in AI-related revenue for FY 2026 [8]

Core Viewpoint - Sagtec Global Limited has entered into a software development agreement with Grandpride Luxury Travel Sdn. Bhd. to create a comprehensive digital mobility solution known as the Smart AI E-Hailing, Car Rental and Subscription System, which integrates various mobility services into a single platform [1][2]. Project Overview and Scope - The Platform will support multiple mobility and digital commerce use cases, designed for scalability and extensibility to allow future enhancements and service expansions [3]. - Initial development is set to begin in Q1 2026, with a phased rollout expected within three to eight months, which is faster than typical industry standards [4]. AI Integration and Capabilities - AI functionality will be embedded in the Platform to enhance operational efficiency, user experience, and decision-making, supporting data-driven operations and scalable growth across mobility services [5][8]. Commercial Terms - The total contract value is US$4.0 million, which includes: - US$1.6 million for licensing and custom software development services [6]. - US$1.2 million for long-term service and maintenance over five years [16]. - US$1.2 million for data hosting and analytics services over five years [16]. Technology Platform and Development Approach - The Platform will utilize Sagtec's Skilliks_my AI technology platform, developed in collaboration with Kinetic Seas, allowing for reduced upfront costs and accelerated time-to-market [9][10]. Strategic Impact - The CEO of Sagtec emphasized that the use of Skilliks technology enhances the company's ability to efficiently translate client needs into software solutions, improving competitiveness and supporting growth in AI-enabled mobility platforms across the ASEAN region [11].