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Sagtec Global Limited Announces US$4.0 Million Software Development Agreement for AI-Driven Mobility Platform
Globenewswire· 2026-01-14 13:30
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].