TechForce Robotics Signs LOI with NBR Intelligence for Potential Deployment of Up to 5,000

Resize Small Medium Large Framework contemplates five initial pilot systems, followed by a phased, multi-site rollout across prospective factory operations, subject to site identification, site assessments, pilot acceptance, financing and definitive agreements. The LOI establishes a framework under which TechForce and NBR intend to.

MIDAS is currently deployed in live factory environments, with NBR’s facilities serving as the initial deployment sites for the program. The parties expect to begin operational, safety, network, facility and workflow assessments within 30 days of the LOI’s effective date.

What Happened

Subject to site identification, completion of the site assessments and execution of definitive agreements, the proposed first phase would include five pilot systems deployed across prospective participating sites, with all pilots targeted to be operational within 120 days of the LOI’s effective.

• The contemplated program has a nonbinding planning target of up to 5,000 robotic systems, with the objective of automating up to 30% of the mutually identified automatable workflows at each participating site.

• This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

• The Company undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise, except as required by law.

Key Details

Participating site operators-rather than NBR-would enter into separate purchasing agreements with TechForce and would be responsible for applicable deposits, system fees, implementation costs and other deployment-related payments. Certain provisions, including those relating to confidentiality, data and cybersecurity, intellectual property, publicity, regulatory disclosures.

• Readers are cautioned not to place undue reliance on forward-looking statements.

• Forward-looking statements are based on current expectations, estimates and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially.

• The Company is pursuing a multi-division growth strategy through organic business development, strategic partnerships, joint ventures and targeted acquisitions, with a focus on markets benefiting from the increasing adoption of robotics and automation.

Why It Matters

There can be no assurance that any definitive agreement will be executed or that any portion of the contemplated deployment will be completed or recognized as revenue. Its MIDAS platform connects the systems a factory already runs, including ERP systems, sensors, workflows.

• (OTCQB: NGTF), doing business as TechForce Robotics, is a technology-focused holding company advancing the deployment of AI-enhanced robotics and automation solutions across multiple industries.

• TechForce combines robotic systems, fleet-management capabilities, systems integration and real-world operating experience to help customers improve productivity, operational consistency and workforce efficiency.

What Reports Say

Coverage of the story so far points to:

• Continued reporting by The Manila Times as more details emerge